Natural Health Supplements Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
MARKET OVERVIEW
Health supplements are intended to correct nutritional deficiencies, maintain an adequate intake of certain nutrients, or support specific physiological functions. Herbal supplements, sometimes called botanicals, are a type of dietary supplement containing one or more herbs. Natural health supplements are gaining traction in major worldwide populations on the back of their ability to improve bodily functions and support an individual's health maintenance. This situation has resulted in attracting more consumers toward natural health supplement products. Apart from this, growing awareness about preventive healthcare is one of the important factors stimulating sales opportunities in the natural health supplements market.
MARKET SCOPE
The "Global Natural Health Supplements Market Analysis to 2031" is a specialized and in-depth examination of the healthcare industry, with a particular emphasis on global market trend analysis. The purpose of this report is to provide an overview of the natural health supplements market, as well as detailed market segmentation based on product type, source, application, sales channels. Additionally, the report offers key statistics on the market status of the leading natural health supplements market players, as well as key market trends and opportunities.
MARKET SEGMENTATION
- Based on product type, the market is segregated as tablets, capsules, softgels, and powder.
- Based on source, the market is segmented as plant, marine, and others.
- By application, the market is segregated as digestive support, bone & joint support, weight management, heart health, sports nutrition, and others.
- Based on sales channel, the market is segmented as mass market, natural and health food, direct sales, and online sales.
MARKET DYNAMICS
Drivers
- Increase in incidence of lifestyle diseases
- High cost of allopathic medicines
Restraint
- High cost of raw material
REGIONAL FRAMEWORK
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates of country-wise statistics, namely India, United States, and United Kingdom from 2022 to 2031. Each region's natural health supplements market is further subdivided by respective countries and segments.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for Brazil after assessing the political, economic, social, and technological factors influencing the Natural Health Supplements market in these regions.
Impact of COVID-19 on Natural Health Supplements
A significant increase in enteral medical nutrition adoption has been reported during 2021 due to the COVID-19 pandemic compared to 2021. This can be attributed to the growing preference for nutritional support for patients in the ICU. Recommendations and guidelines by healthcare authorities for early enteral nutrition for severe acute respiratory syndrome coronavirus-2 patients also drove the adoption of enteral nutrition during the COVID-19 pandemic. This increased demand for nutrients is due to awareness of improved nutrition intake and the need for a strong immune function to improve resistance to COVID-19.
Shejal Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any. 
Have a question?
Speak to Analyst
The report offers a comprehensive overview of the industry, including both qualitative and quantitative data. It provides a global market overview and forecast based on various segments. It also provides market size and forecast estimates of country-wise statistics, namely India, United States, and United Kingdom from 2022 to 2031. Each region's natural health supplements market is further subdivided by respective countries and segments.
The report analyses market factors affecting both the demand and supply sides, as well as market dynamics affecting the market during the forecast period, such as drivers, restraints, opportunities, and future trends. The report also includes a comprehensive PEST analysis for Brazil after assessing the political, economic, social, and technological factors influencing the Natural Health Supplements market in these regions.
Impact of COVID-19 on Natural Health Supplements
A significant increase in enteral medical nutrition adoption has been reported during 2021 due to the COVID-19 pandemic compared to 2021. This can be attributed to the growing preference for nutritional support for patients in the ICU. Recommendations and guidelines by healthcare authorities for early enteral nutrition for severe acute respiratory syndrome coronavirus-2 patients also drove the adoption of enteral nutrition during the COVID-19 pandemic. This increased demand for nutrients is due to awareness of improved nutrition intake and the need for a strong immune function to improve resistance to COVID-19.
MARKET PLAYERS
The report covers key developments in the natural health supplements market with focus on two main strategies such as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies that includes new product launches, product approvals by the authorized bodies, and others such as patents and events. Inorganic growth strategies activities normally includes strategic acquisitions, and partnership & collaborations between the companies. These activities have paved way for the expansion of business and customer base of market players. The market payers from natural health supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for natural health supplements in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the natural health supplements market. Also, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, and the key development in the past five years.
- Herbalife International Inc
- Omega Protein Corporation
- Archer Daniels Midland Company
- Nutraceutical International Corporation
- United Naturals Food, Inc
- Blackmores Limited
- Naturex SA
- Evonik Industries AG
- The Nature’s Bounty Co
- Amway Corporation
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Natural Health Supplements Market - By Product Type
1.3.2 Natural Health Supplements Market - By Source
1.3.3 Natural Health Supplements Market - By Application
1.3.4 Natural Health Supplements Market - By Sales Channel
1.3.5 Natural Health Supplements Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NATURAL HEALTH SUPPLEMENTS 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. NATURAL HEALTH SUPPLEMENTS 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 AND RESTRAINTS
6. NATURAL HEALTH SUPPLEMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. NATURAL HEALTH SUPPLEMENTS - GLOBAL MARKET OVERVIEW
6.2. NATURAL HEALTH SUPPLEMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. NATURAL HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. TABLETS
7.3.1. Overview
7.3.2. Tablets Market Forecast and Analysis
7.4. CAPSULES
7.4.1. Overview
7.4.2. Capsules Market Forecast and Analysis
7.5. SOFTGELS
7.5.1. Overview
7.5.2. Softgels Market Forecast and Analysis
7.6. POWDER
7.6.1. Overview
7.6.2. Powder Market Forecast and Analysis
8. NATURAL HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. PLANT
8.3.1. Overview
8.3.2. Plant Market Forecast and Analysis
8.4. MARINE
8.4.1. Overview
8.4.2. Marine Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. NATURAL HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. DIGESTIVE SUPPORT
9.3.1. Overview
9.3.2. Digestive Support Market Forecast and Analysis
9.4. BONE AND JOINT SUPPORT
9.4.1. Overview
9.4.2. Bone and Joint Support Market Forecast and Analysis
9.5. WEIGHT MANAGEMENT
9.5.1. Overview
9.5.2. Weight Management Market Forecast and Analysis
9.6. HEART HEALTH
9.6.1. Overview
9.6.2. Heart Health Market Forecast and Analysis
9.7. SPORTS NUTRITION
9.7.1. Overview
9.7.2. Sports Nutrition Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. NATURAL HEALTH SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 – SALES CHANNEL
10.1. OVERVIEW
10.2. SALES CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. MASS MARKET
10.3.1. Overview
10.3.2. Mass Market Market Forecast and Analysis
10.4. NATURAL AND HEALTH FOODS
10.4.1. Overview
10.4.2. Natural and Health Foods Market Forecast and Analysis
10.5. DIRECT SALES
10.5.1. Overview
10.5.2. Direct Sales Market Forecast and Analysis
10.6. ONLINE SALES
10.6.1. Overview
10.6.2. Online Sales Market Forecast and Analysis
11. NATURAL HEALTH SUPPLEMENTS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Natural Health Supplements Market Overview
11.1.2 North America Natural Health Supplements Market Forecasts and Analysis
11.1.3 North America Natural Health Supplements Market Forecasts and Analysis - By Product Type
11.1.4 North America Natural Health Supplements Market Forecasts and Analysis - By Source
11.1.5 North America Natural Health Supplements Market Forecasts and Analysis - By Application
11.1.6 North America Natural Health Supplements Market Forecasts and Analysis - By Sales Channel
11.1.7 North America Natural Health Supplements Market Forecasts and Analysis - By Countries
11.1.7.1 United States Natural Health Supplements Market
11.1.7.1.1 United States Natural Health Supplements Market by Product Type
11.1.7.1.2 United States Natural Health Supplements Market by Source
11.1.7.1.3 United States Natural Health Supplements Market by Application
11.1.7.1.4 United States Natural Health Supplements Market by Sales Channel
11.1.7.2 Canada Natural Health Supplements Market
11.1.7.2.1 Canada Natural Health Supplements Market by Product Type
11.1.7.2.2 Canada Natural Health Supplements Market by Source
11.1.7.2.3 Canada Natural Health Supplements Market by Application
11.1.7.2.4 Canada Natural Health Supplements Market by Sales Channel
11.1.7.3 Mexico Natural Health Supplements Market
11.1.7.3.1 Mexico Natural Health Supplements Market by Product Type
11.1.7.3.2 Mexico Natural Health Supplements Market by Source
11.1.7.3.3 Mexico Natural Health Supplements Market by Application
11.1.7.3.4 Mexico Natural Health Supplements Market by Sales Channel
11.2. EUROPE
11.2.1 Europe Natural Health Supplements Market Overview
11.2.2 Europe Natural Health Supplements Market Forecasts and Analysis
11.2.3 Europe Natural Health Supplements Market Forecasts and Analysis - By Product Type
11.2.4 Europe Natural Health Supplements Market Forecasts and Analysis - By Source
11.2.5 Europe Natural Health Supplements Market Forecasts and Analysis - By Application
11.2.6 Europe Natural Health Supplements Market Forecasts and Analysis - By Sales Channel
11.2.7 Europe Natural Health Supplements Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Natural Health Supplements Market
11.2.7.1.1 Germany Natural Health Supplements Market by Product Type
11.2.7.1.2 Germany Natural Health Supplements Market by Source
11.2.7.1.3 Germany Natural Health Supplements Market by Application
11.2.7.1.4 Germany Natural Health Supplements Market by Sales Channel
11.2.7.2 France Natural Health Supplements Market
11.2.7.2.1 France Natural Health Supplements Market by Product Type
11.2.7.2.2 France Natural Health Supplements Market by Source
11.2.7.2.3 France Natural Health Supplements Market by Application
11.2.7.2.4 France Natural Health Supplements Market by Sales Channel
11.2.7.3 Italy Natural Health Supplements Market
11.2.7.3.1 Italy Natural Health Supplements Market by Product Type
11.2.7.3.2 Italy Natural Health Supplements Market by Source
11.2.7.3.3 Italy Natural Health Supplements Market by Application
11.2.7.3.4 Italy Natural Health Supplements Market by Sales Channel
11.2.7.4 Spain Natural Health Supplements Market
11.2.7.4.1 Spain Natural Health Supplements Market by Product Type
11.2.7.4.2 Spain Natural Health Supplements Market by Source
11.2.7.4.3 Spain Natural Health Supplements Market by Application
11.2.7.4.4 Spain Natural Health Supplements Market by Sales Channel
11.2.7.5 United Kingdom Natural Health Supplements Market
11.2.7.5.1 United Kingdom Natural Health Supplements Market by Product Type
11.2.7.5.2 United Kingdom Natural Health Supplements Market by Source
11.2.7.5.3 United Kingdom Natural Health Supplements Market by Application
11.2.7.5.4 United Kingdom Natural Health Supplements Market by Sales Channel
11.2.7.6 Rest of Europe Natural Health Supplements Market
11.2.7.6.1 Rest of Europe Natural Health Supplements Market by Product Type
11.2.7.6.2 Rest of Europe Natural Health Supplements Market by Source
11.2.7.6.3 Rest of Europe Natural Health Supplements Market by Application
11.2.7.6.4 Rest of Europe Natural Health Supplements Market by Sales Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Natural Health Supplements Market Overview
11.3.2 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis
11.3.3 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis - By Product Type
11.3.4 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis - By Source
11.3.5 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis - By Sales Channel
11.3.7 Asia-Pacific Natural Health Supplements Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Natural Health Supplements Market
11.3.7.1.1 Australia Natural Health Supplements Market by Product Type
11.3.7.1.2 Australia Natural Health Supplements Market by Source
11.3.7.1.3 Australia Natural Health Supplements Market by Application
11.3.7.1.4 Australia Natural Health Supplements Market by Sales Channel
11.3.7.2 China Natural Health Supplements Market
11.3.7.2.1 China Natural Health Supplements Market by Product Type
11.3.7.2.2 China Natural Health Supplements Market by Source
11.3.7.2.3 China Natural Health Supplements Market by Application
11.3.7.2.4 China Natural Health Supplements Market by Sales Channel
11.3.7.3 India Natural Health Supplements Market
11.3.7.3.1 India Natural Health Supplements Market by Product Type
11.3.7.3.2 India Natural Health Supplements Market by Source
11.3.7.3.3 India Natural Health Supplements Market by Application
11.3.7.3.4 India Natural Health Supplements Market by Sales Channel
11.3.7.4 Japan Natural Health Supplements Market
11.3.7.4.1 Japan Natural Health Supplements Market by Product Type
11.3.7.4.2 Japan Natural Health Supplements Market by Source
11.3.7.4.3 Japan Natural Health Supplements Market by Application
11.3.7.4.4 Japan Natural Health Supplements Market by Sales Channel
11.3.7.5 South Korea Natural Health Supplements Market
11.3.7.5.1 South Korea Natural Health Supplements Market by Product Type
11.3.7.5.2 South Korea Natural Health Supplements Market by Source
11.3.7.5.3 South Korea Natural Health Supplements Market by Application
11.3.7.5.4 South Korea Natural Health Supplements Market by Sales Channel
11.3.7.6 Rest of Asia-Pacific Natural Health Supplements Market
11.3.7.6.1 Rest of Asia-Pacific Natural Health Supplements Market by Product Type
11.3.7.6.2 Rest of Asia-Pacific Natural Health Supplements Market by Source
11.3.7.6.3 Rest of Asia-Pacific Natural Health Supplements Market by Application
11.3.7.6.4 Rest of Asia-Pacific Natural Health Supplements Market by Sales Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Natural Health Supplements Market Overview
11.4.2 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis
11.4.3 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis - By Product Type
11.4.4 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis - By Source
11.4.5 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis - By Sales Channel
11.4.7 Middle East and Africa Natural Health Supplements Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Natural Health Supplements Market
11.4.7.1.1 South Africa Natural Health Supplements Market by Product Type
11.4.7.1.2 South Africa Natural Health Supplements Market by Source
11.4.7.1.3 South Africa Natural Health Supplements Market by Application
11.4.7.1.4 South Africa Natural Health Supplements Market by Sales Channel
11.4.7.2 Saudi Arabia Natural Health Supplements Market
11.4.7.2.1 Saudi Arabia Natural Health Supplements Market by Product Type
11.4.7.2.2 Saudi Arabia Natural Health Supplements Market by Source
11.4.7.2.3 Saudi Arabia Natural Health Supplements Market by Application
11.4.7.2.4 Saudi Arabia Natural Health Supplements Market by Sales Channel
11.4.7.3 U.A.E Natural Health Supplements Market
11.4.7.3.1 U.A.E Natural Health Supplements Market by Product Type
11.4.7.3.2 U.A.E Natural Health Supplements Market by Source
11.4.7.3.3 U.A.E Natural Health Supplements Market by Application
11.4.7.3.4 U.A.E Natural Health Supplements Market by Sales Channel
11.4.7.4 Rest of Middle East and Africa Natural Health Supplements Market
11.4.7.4.1 Rest of Middle East and Africa Natural Health Supplements Market by Product Type
11.4.7.4.2 Rest of Middle East and Africa Natural Health Supplements Market by Source
11.4.7.4.3 Rest of Middle East and Africa Natural Health Supplements Market by Application
11.4.7.4.4 Rest of Middle East and Africa Natural Health Supplements Market by Sales Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Natural Health Supplements Market Overview
11.5.2 South and Central America Natural Health Supplements Market Forecasts and Analysis
11.5.3 South and Central America Natural Health Supplements Market Forecasts and Analysis - By Product Type
11.5.4 South and Central America Natural Health Supplements Market Forecasts and Analysis - By Source
11.5.5 South and Central America Natural Health Supplements Market Forecasts and Analysis - By Application
11.5.6 South and Central America Natural Health Supplements Market Forecasts and Analysis - By Sales Channel
11.5.7 South and Central America Natural Health Supplements Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Natural Health Supplements Market
11.5.7.1.1 Brazil Natural Health Supplements Market by Product Type
11.5.7.1.2 Brazil Natural Health Supplements Market by Source
11.5.7.1.3 Brazil Natural Health Supplements Market by Application
11.5.7.1.4 Brazil Natural Health Supplements Market by Sales Channel
11.5.7.2 Argentina Natural Health Supplements Market
11.5.7.2.1 Argentina Natural Health Supplements Market by Product Type
11.5.7.2.2 Argentina Natural Health Supplements Market by Source
11.5.7.2.3 Argentina Natural Health Supplements Market by Application
11.5.7.2.4 Argentina Natural Health Supplements Market by Sales Channel
11.5.7.3 Rest of South and Central America Natural Health Supplements Market
11.5.7.3.1 Rest of South and Central America Natural Health Supplements Market by Product Type
11.5.7.3.2 Rest of South and Central America Natural Health Supplements Market by Source
11.5.7.3.3 Rest of South and Central America Natural Health Supplements Market by Application
11.5.7.3.4 Rest of South and Central America Natural Health Supplements Market by Sales Channel
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL NATURAL HEALTH SUPPLEMENTS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. NATURAL HEALTH SUPPLEMENTS MARKET, KEY COMPANY PROFILES
14.1. HERBALIFE INTERNATIONAL INC
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. OMEGA PROTEIN CORPORATION
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. ARCHER DANIELS MIDLAND COMPANY
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. NUTRACEUTICAL INTERNATIONAL CORPORATION
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. UNITED NATURALS FOOD INC
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. BLACKMORES UNITED
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. NATUREX SA
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. EVONIK INDUSTRIES AG
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. THE NATURE'S BOUNTY CO
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. AMWAY CORPORATION
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1.Herbalife International Inc.
2.Omega Protein Corporation
3.Archer Daniels Midland Company
4.Nutraceutical International Corporation
5.United Naturals Food, Inc.
6.Blackmores Limited
7.Naturex SA
8.Evonik Industries AG
9.The Nature's Bounty Co.
10.Amway Corporation
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