Mycoprotein Meat Substitute Market - Share and Forecast 2031
The Mycoprotein Meat Substitute Market is expected to register a CAGR of 6% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Form (Minced, Slices, Cutlets, Strips, and Others). The report presents analysis based on End Use (Human Consumption and Animal Feed). Based on Distribution Channel the report is segmented into (Supermarkets and Hypermarkets, Specialty Stores, Online, and Others).The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Mycoprotein Meat Substitute Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Mycoprotein Meat Substitute Market Segmentation
Form- Minced
- Slices
- Cutlets
- Strips
- Human Consumption
- Animal Feed
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Mycoprotein Meat Substitute Market Growth Drivers- Growing vegan population across the globe: Growth in the number of vegetarians and vegans is an important driver for the market growth of mycoprotein meat. More and more consumers are opting for plant-based diets, influenced by health, ethics, or environmental reasons, and eagerly await healthy and sustainable sources of meat. Mycoprotein-a fungus-based product-provides protein with a high quantity, which goes well with these diet choices.
- Growing concerns regarding animal welfare: Additionally, animal welfare issues affect the emotional decisions of consumers towards meat alternatives. Consumers are looking for alternatives as news about factory farming reaches them. Meat consumption is increasingly avoided or reduced by the public. Mycoprotein is a meat alternative that appeals through its guilt-free gratification of a meat craving while being value-friendly.
- Rising health-consciousness among consumers: Rising health-consciousness has become an influence-driven growth trend in the meat substitute market for mycoprotein. Given increased awareness of consumption regarding diet-based links with health, the consumer starts to seek alternatives beyond pure meat and its derivatives, which may provide the alternatives. Mycoprotein allows for a nutritious, high protein, and low saturated fat option that is critical in this regard. Mycoprotein, the fungus-derived product, contains all the essential amino acids as well as dietary fiber, turning out to be an appealing preference for health-conscious consumers. This nutritional characteristic would support its surfacing popularity as a meat substitute.
- Demand for minimally processed food: The demand for less processed food is one trend encouraged by the clean-eating and whole-food diet. Mycoprotein products generally tend to have fewer additives and preservatives than typical meat products, which would appeal to consumers looking to avoid unhealthy additives. This helps market demand. The mycoprotein meat substitute market is diversifying, with more brands developing a range of products, including burgers, sausages, and ready meals, catering to a wider audience.
- Growing e-commerce and online shopping: Other factors in the promotion of the trend are facilitated through the emerging online shopping platforms. E-commerce has made mycoprotein products easy to buy from the comfort of one's home. As online shopping of groceries will become the new norm in coming years, the brands are focusing on this platform to develop wider reach and higher mycoprotein meat substitute visibility and sales.
- Growing distribution partnerships among the key players: In addition, a distribution agreement between mycoprotein brands and large grocery chains aids in distribution. Being sold in many more locations by major grocery chains ensures not just the mainstream supermarkets but also health food stores. Wider availability promotes normalization of plant-based diets and encourages more consumers to try these alternatives.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Mycoprotein Meat Substitute Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Mycoprotein Meat Substitute Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on geography, Europe held the largest share of the mycoprotein meat substitute market.
Based on form, minced is expected to witness the fastest growth during the forecast period
3fbio Ltd., Archer Daniels Midland Company (ADM), Beyond Meat Inc. are some of the key players operating in the mycoprotein meat substitute market
The Mycoprotein Meat Substitute Market is estimated to witness a CAGR of 6% from 2023 to 2031
Growing Vegan Population is driving the market growth
Health Consciousness is expected to be the key market trends.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Mycoprotein Meat Substitute Market - By Forms
1.3.2 Mycoprotein Meat Substitute Market - By End Use
1.3.3 Mycoprotein Meat Substitute Market - By Distribution Channel
1.3.4 Mycoprotein Meat Substitute Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MYCOPROTEIN MEAT SUBSTITUTE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MYCOPROTEIN MEAT SUBSTITUTE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. MYCOPROTEIN MEAT SUBSTITUTE MARKET - GLOBAL MARKET ANALYSIS
6.1. MYCOPROTEIN MEAT SUBSTITUTE - GLOBAL MARKET OVERVIEW
6.2. MYCOPROTEIN MEAT SUBSTITUTE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MYCOPROTEIN MEAT SUBSTITUTE MARKET - REVENUE AND FORECASTS TO 2028 - FORMS
7.1. OVERVIEW
7.2. FORMS MARKET FORECASTS AND ANALYSIS
7.3. MINCED
7.3.1. Overview
7.3.2. Minced Market Forecast and Analysis
7.4. SLICES
7.4.1. Overview
7.4.2. Slices Market Forecast and Analysis
7.5. CUTLETS
7.5.1. Overview
7.5.2. Cutlets Market Forecast and Analysis
7.6. STRIPS
7.6.1. Overview
7.6.2. Strips Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. MYCOPROTEIN MEAT SUBSTITUTE MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. HUMAN CONSUMPTION
8.3.1. Overview
8.3.2. Human Consumption Market Forecast and Analysis
8.4. ANIMAL FEED
8.4.1. Overview
8.4.2. Animal Feed Market Forecast and Analysis
9. MYCOPROTEIN MEAT SUBSTITUTE MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. SPECIALTY STORES
9.4.1. Overview
9.4.2. Specialty Stores Market Forecast and Analysis
9.5. ONLINE
9.5.1. Overview
9.5.2. Online Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. MYCOPROTEIN MEAT SUBSTITUTE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Mycoprotein Meat Substitute Market Overview
10.1.2 North America Mycoprotein Meat Substitute Market Forecasts and Analysis
10.1.3 North America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Forms
10.1.4 North America Mycoprotein Meat Substitute Market Forecasts and Analysis - By End Use
10.1.5 North America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Countries
10.1.6.1 United States Mycoprotein Meat Substitute Market
10.1.6.1.1 United States Mycoprotein Meat Substitute Market by Forms
10.1.6.1.2 United States Mycoprotein Meat Substitute Market by End Use
10.1.6.1.3 United States Mycoprotein Meat Substitute Market by Distribution Channel
10.1.6.2 Canada Mycoprotein Meat Substitute Market
10.1.6.2.1 Canada Mycoprotein Meat Substitute Market by Forms
10.1.6.2.2 Canada Mycoprotein Meat Substitute Market by End Use
10.1.6.2.3 Canada Mycoprotein Meat Substitute Market by Distribution Channel
10.1.6.3 Mexico Mycoprotein Meat Substitute Market
10.1.6.3.1 Mexico Mycoprotein Meat Substitute Market by Forms
10.1.6.3.2 Mexico Mycoprotein Meat Substitute Market by End Use
10.1.6.3.3 Mexico Mycoprotein Meat Substitute Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Mycoprotein Meat Substitute Market Overview
10.2.2 Europe Mycoprotein Meat Substitute Market Forecasts and Analysis
10.2.3 Europe Mycoprotein Meat Substitute Market Forecasts and Analysis - By Forms
10.2.4 Europe Mycoprotein Meat Substitute Market Forecasts and Analysis - By End Use
10.2.5 Europe Mycoprotein Meat Substitute Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Mycoprotein Meat Substitute Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Mycoprotein Meat Substitute Market
10.2.6.1.1 Germany Mycoprotein Meat Substitute Market by Forms
10.2.6.1.2 Germany Mycoprotein Meat Substitute Market by End Use
10.2.6.1.3 Germany Mycoprotein Meat Substitute Market by Distribution Channel
10.2.6.2 France Mycoprotein Meat Substitute Market
10.2.6.2.1 France Mycoprotein Meat Substitute Market by Forms
10.2.6.2.2 France Mycoprotein Meat Substitute Market by End Use
10.2.6.2.3 France Mycoprotein Meat Substitute Market by Distribution Channel
10.2.6.3 Italy Mycoprotein Meat Substitute Market
10.2.6.3.1 Italy Mycoprotein Meat Substitute Market by Forms
10.2.6.3.2 Italy Mycoprotein Meat Substitute Market by End Use
10.2.6.3.3 Italy Mycoprotein Meat Substitute Market by Distribution Channel
10.2.6.4 United Kingdom Mycoprotein Meat Substitute Market
10.2.6.4.1 United Kingdom Mycoprotein Meat Substitute Market by Forms
10.2.6.4.2 United Kingdom Mycoprotein Meat Substitute Market by End Use
10.2.6.4.3 United Kingdom Mycoprotein Meat Substitute Market by Distribution Channel
10.2.6.5 Russia Mycoprotein Meat Substitute Market
10.2.6.5.1 Russia Mycoprotein Meat Substitute Market by Forms
10.2.6.5.2 Russia Mycoprotein Meat Substitute Market by End Use
10.2.6.5.3 Russia Mycoprotein Meat Substitute Market by Distribution Channel
10.2.6.6 Rest of Europe Mycoprotein Meat Substitute Market
10.2.6.6.1 Rest of Europe Mycoprotein Meat Substitute Market by Forms
10.2.6.6.2 Rest of Europe Mycoprotein Meat Substitute Market by End Use
10.2.6.6.3 Rest of Europe Mycoprotein Meat Substitute Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Mycoprotein Meat Substitute Market Overview
10.3.2 Asia-Pacific Mycoprotein Meat Substitute Market Forecasts and Analysis
10.3.3 Asia-Pacific Mycoprotein Meat Substitute Market Forecasts and Analysis - By Forms
10.3.4 Asia-Pacific Mycoprotein Meat Substitute Market Forecasts and Analysis - By End Use
10.3.5 Asia-Pacific Mycoprotein Meat Substitute Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Mycoprotein Meat Substitute Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Mycoprotein Meat Substitute Market
10.3.6.1.1 Australia Mycoprotein Meat Substitute Market by Forms
10.3.6.1.2 Australia Mycoprotein Meat Substitute Market by End Use
10.3.6.1.3 Australia Mycoprotein Meat Substitute Market by Distribution Channel
10.3.6.2 China Mycoprotein Meat Substitute Market
10.3.6.2.1 China Mycoprotein Meat Substitute Market by Forms
10.3.6.2.2 China Mycoprotein Meat Substitute Market by End Use
10.3.6.2.3 China Mycoprotein Meat Substitute Market by Distribution Channel
10.3.6.3 India Mycoprotein Meat Substitute Market
10.3.6.3.1 India Mycoprotein Meat Substitute Market by Forms
10.3.6.3.2 India Mycoprotein Meat Substitute Market by End Use
10.3.6.3.3 India Mycoprotein Meat Substitute Market by Distribution Channel
10.3.6.4 Japan Mycoprotein Meat Substitute Market
10.3.6.4.1 Japan Mycoprotein Meat Substitute Market by Forms
10.3.6.4.2 Japan Mycoprotein Meat Substitute Market by End Use
10.3.6.4.3 Japan Mycoprotein Meat Substitute Market by Distribution Channel
10.3.6.5 South Korea Mycoprotein Meat Substitute Market
10.3.6.5.1 South Korea Mycoprotein Meat Substitute Market by Forms
10.3.6.5.2 South Korea Mycoprotein Meat Substitute Market by End Use
10.3.6.5.3 South Korea Mycoprotein Meat Substitute Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Mycoprotein Meat Substitute Market
10.3.6.6.1 Rest of Asia-Pacific Mycoprotein Meat Substitute Market by Forms
10.3.6.6.2 Rest of Asia-Pacific Mycoprotein Meat Substitute Market by End Use
10.3.6.6.3 Rest of Asia-Pacific Mycoprotein Meat Substitute Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Mycoprotein Meat Substitute Market Overview
10.4.2 Middle East and Africa Mycoprotein Meat Substitute Market Forecasts and Analysis
10.4.3 Middle East and Africa Mycoprotein Meat Substitute Market Forecasts and Analysis - By Forms
10.4.4 Middle East and Africa Mycoprotein Meat Substitute Market Forecasts and Analysis - By End Use
10.4.5 Middle East and Africa Mycoprotein Meat Substitute Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Mycoprotein Meat Substitute Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Mycoprotein Meat Substitute Market
10.4.6.1.1 South Africa Mycoprotein Meat Substitute Market by Forms
10.4.6.1.2 South Africa Mycoprotein Meat Substitute Market by End Use
10.4.6.1.3 South Africa Mycoprotein Meat Substitute Market by Distribution Channel
10.4.6.2 Saudi Arabia Mycoprotein Meat Substitute Market
10.4.6.2.1 Saudi Arabia Mycoprotein Meat Substitute Market by Forms
10.4.6.2.2 Saudi Arabia Mycoprotein Meat Substitute Market by End Use
10.4.6.2.3 Saudi Arabia Mycoprotein Meat Substitute Market by Distribution Channel
10.4.6.3 U.A.E Mycoprotein Meat Substitute Market
10.4.6.3.1 U.A.E Mycoprotein Meat Substitute Market by Forms
10.4.6.3.2 U.A.E Mycoprotein Meat Substitute Market by End Use
10.4.6.3.3 U.A.E Mycoprotein Meat Substitute Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Mycoprotein Meat Substitute Market
10.4.6.4.1 Rest of Middle East and Africa Mycoprotein Meat Substitute Market by Forms
10.4.6.4.2 Rest of Middle East and Africa Mycoprotein Meat Substitute Market by End Use
10.4.6.4.3 Rest of Middle East and Africa Mycoprotein Meat Substitute Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Mycoprotein Meat Substitute Market Overview
10.5.2 South and Central America Mycoprotein Meat Substitute Market Forecasts and Analysis
10.5.3 South and Central America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Forms
10.5.4 South and Central America Mycoprotein Meat Substitute Market Forecasts and Analysis - By End Use
10.5.5 South and Central America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Mycoprotein Meat Substitute Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Mycoprotein Meat Substitute Market
10.5.6.1.1 Brazil Mycoprotein Meat Substitute Market by Forms
10.5.6.1.2 Brazil Mycoprotein Meat Substitute Market by End Use
10.5.6.1.3 Brazil Mycoprotein Meat Substitute Market by Distribution Channel
10.5.6.2 Argentina Mycoprotein Meat Substitute Market
10.5.6.2.1 Argentina Mycoprotein Meat Substitute Market by Forms
10.5.6.2.2 Argentina Mycoprotein Meat Substitute Market by End Use
10.5.6.2.3 Argentina Mycoprotein Meat Substitute Market by Distribution Channel
10.5.6.3 Rest of South and Central America Mycoprotein Meat Substitute Market
10.5.6.3.1 Rest of South and Central America Mycoprotein Meat Substitute Market by Forms
10.5.6.3.2 Rest of South and Central America Mycoprotein Meat Substitute Market by End Use
10.5.6.3.3 Rest of South and Central America Mycoprotein Meat Substitute Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. MYCOPROTEIN MEAT SUBSTITUTE MARKET, KEY COMPANY PROFILES
12.1. 3FBIO LTD.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ARCHER DANIELS MIDLAND COMPANY (ADM)
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. BEYOND MEAT INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MARLOW FOODS LTD.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MGP INGREDIENTS INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MYCOTECHNOLOGY, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. QUORN FOODS
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. SHOUGUANG FTL BIO. CO., LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SOIC BIOCHEM EXTRACTIONS LTD
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. YUTONG INDUSTRIAL CO. LIMITED
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. 3fbio Ltd.
2. Archer Daniels Midland Company (ADM)
3. Beyond Meat Inc.
4. Marlow Foods Ltd.
5. MGP Ingredients Inc.
6. MycoTechnology, Inc.
7. Quorn Foods
8. SHOUGUANG FTL BIO. CO., LTD.
9. Soic Biochem Extractions Ltd
10. YUTONG INDUSTRIAL CO. LIMITED
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For