Non- GMO Oil Market Dynamics 2021-2031
Non-GMO means oil or product produced without genetic engineering. This implies there is no modification in the DNA of food crops, animals, plants, and microorganisms. Ingredients processed and derived from a plant source and grown naturally without any DNA-level modification are known as non-GMO ingredients. Non-GMO labeled certification is given by food authorities based on the raw material utilized in oil. Consumers are showing more interest in knowing the key ingredients present in processed oil.
MARKET DYNAMICS
The increasing demand for healthy food products ingredients in the global food and beverage industry has upsurge the demand for non-GMO oil. Some of the significant factors behind this market's growth are growing awareness about healthy lifestyles and various diseases caused by GMOs, the health benefit of non-GMO oil over GMO oil, rising concerns towards the environment, and increasing demand in animal feed to increasing humanization among pet owners. Increasing awareness regarding the significance of clean label oil ingredients are boosting the demand of non-GMO oil. Rising demand for non-GMO oil in cosmetic and personal care sectors offers more health benefits over GMO, which will also surge its demand. The product containing GMO oil is also propelling the demand for non-GMO oil in the upcoming years. Also, there is an increasing demand for non-GMO oil in various sectors, which will raise the demand for non-GMO oil in the coming years.
MARKET SCOPE
The "Global Becan Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the becan market with detailed market segmentation by nature, product type, end use and geography. The global becan market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading becan market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global becan market is segmented on the basis of nature, produt type, and end use. On the basis of nature the global becan market is segmented into organic and conventional. By product type the becan market is classified into soyabean oil, canola oil, avocado oil, coconut oil, grapeseed oil and others. Based on end use the global becan market is segmented into food industry, bakery, snacks and confectionaries, cosmetics and personal care and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global becan market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The becan market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the becan market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the becan market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global becan market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The becan market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the becan market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the becan market in these regions.
MARKET PLAYERS
The reports cover key developments in the becan market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from becan market are anticipated to lucrative growth opportunities in the future with the rising demand for becan in the global market. Below mentioned is the list of few companies engaged in the becan market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the becan market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chosen Foods LLC
- Cargill Inc.
- Centra Foods
- Catania Spagna
- Pleasant Valley Oil Mills
- Jedwards International, Inc.
- Spectrum Organic Products, Llc
- Nexcel Natural Ingredients
- Coltura, LLC dba Coltura Foods
- Hain Celestial
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 Non- GMO Oil Market - By Nature
1.3.2 Non- GMO Oil Market - By Product Type
1.3.3 Non- GMO Oil Market - By End Use
1.3.4 Non- GMO Oil Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NON- GMO OIL 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. NON- GMO OIL 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. NON- GMO OIL MARKET - GLOBAL MARKET ANALYSIS
6.1. NON- GMO OIL - GLOBAL MARKET OVERVIEW
6.2. NON- GMO OIL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NON- GMO OIL MARKET - REVENUE AND FORECASTS TO 2028 - NATURE
7.1. OVERVIEW
7.2. NATURE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. NON- GMO OIL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. SOYABEAN OIL
8.3.1. Overview
8.3.2. Soyabean Oil Market Forecast and Analysis
8.4. CANOLA OIL
8.4.1. Overview
8.4.2. Canola Oil Market Forecast and Analysis
8.5. AVOCADO OIL
8.5.1. Overview
8.5.2. Avocado Oil Market Forecast and Analysis
8.6. COCONUT OIL
8.6.1. Overview
8.6.2. Coconut Oil Market Forecast and Analysis
8.7. GRAPESEED OIL
8.7.1. Overview
8.7.2. Grapeseed Oil Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. NON- GMO OIL MARKET - REVENUE AND FORECASTS TO 2028 - END USE
9.1. OVERVIEW
9.2. END USE MARKET FORECASTS AND ANALYSIS
9.3. FOOD INDUSTRY
9.3.1. Overview
9.3.2. Food Industry Market Forecast and Analysis
9.4. BAKERY
9.4.1. Overview
9.4.2. Bakery Market Forecast and Analysis
9.5. SNACKS AND CONFECTIONARIES
9.5.1. Overview
9.5.2. Snacks and Confectionaries Market Forecast and Analysis
9.6. COSMETICS AND PERSONAL CARE
9.6.1. Overview
9.6.2. Cosmetics and Personal Care Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. NON- GMO OIL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Non- GMO Oil Market Overview
10.1.2 North America Non- GMO Oil Market Forecasts and Analysis
10.1.3 North America Non- GMO Oil Market Forecasts and Analysis - By Nature
10.1.4 North America Non- GMO Oil Market Forecasts and Analysis - By Product Type
10.1.5 North America Non- GMO Oil Market Forecasts and Analysis - By End Use
10.1.6 North America Non- GMO Oil Market Forecasts and Analysis - By Countries
10.1.6.1 United States Non- GMO Oil Market
10.1.6.1.1 United States Non- GMO Oil Market by Nature
10.1.6.1.2 United States Non- GMO Oil Market by Product Type
10.1.6.1.3 United States Non- GMO Oil Market by End Use
10.1.6.2 Canada Non- GMO Oil Market
10.1.6.2.1 Canada Non- GMO Oil Market by Nature
10.1.6.2.2 Canada Non- GMO Oil Market by Product Type
10.1.6.2.3 Canada Non- GMO Oil Market by End Use
10.1.6.3 Mexico Non- GMO Oil Market
10.1.6.3.1 Mexico Non- GMO Oil Market by Nature
10.1.6.3.2 Mexico Non- GMO Oil Market by Product Type
10.1.6.3.3 Mexico Non- GMO Oil Market by End Use
10.2. EUROPE
10.2.1 Europe Non- GMO Oil Market Overview
10.2.2 Europe Non- GMO Oil Market Forecasts and Analysis
10.2.3 Europe Non- GMO Oil Market Forecasts and Analysis - By Nature
10.2.4 Europe Non- GMO Oil Market Forecasts and Analysis - By Product Type
10.2.5 Europe Non- GMO Oil Market Forecasts and Analysis - By End Use
10.2.6 Europe Non- GMO Oil Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Non- GMO Oil Market
10.2.6.1.1 Germany Non- GMO Oil Market by Nature
10.2.6.1.2 Germany Non- GMO Oil Market by Product Type
10.2.6.1.3 Germany Non- GMO Oil Market by End Use
10.2.6.2 France Non- GMO Oil Market
10.2.6.2.1 France Non- GMO Oil Market by Nature
10.2.6.2.2 France Non- GMO Oil Market by Product Type
10.2.6.2.3 France Non- GMO Oil Market by End Use
10.2.6.3 Italy Non- GMO Oil Market
10.2.6.3.1 Italy Non- GMO Oil Market by Nature
10.2.6.3.2 Italy Non- GMO Oil Market by Product Type
10.2.6.3.3 Italy Non- GMO Oil Market by End Use
10.2.6.4 United Kingdom Non- GMO Oil Market
10.2.6.4.1 United Kingdom Non- GMO Oil Market by Nature
10.2.6.4.2 United Kingdom Non- GMO Oil Market by Product Type
10.2.6.4.3 United Kingdom Non- GMO Oil Market by End Use
10.2.6.5 Russia Non- GMO Oil Market
10.2.6.5.1 Russia Non- GMO Oil Market by Nature
10.2.6.5.2 Russia Non- GMO Oil Market by Product Type
10.2.6.5.3 Russia Non- GMO Oil Market by End Use
10.2.6.6 Rest of Europe Non- GMO Oil Market
10.2.6.6.1 Rest of Europe Non- GMO Oil Market by Nature
10.2.6.6.2 Rest of Europe Non- GMO Oil Market by Product Type
10.2.6.6.3 Rest of Europe Non- GMO Oil Market by End Use
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Non- GMO Oil Market Overview
10.3.2 Asia-Pacific Non- GMO Oil Market Forecasts and Analysis
10.3.3 Asia-Pacific Non- GMO Oil Market Forecasts and Analysis - By Nature
10.3.4 Asia-Pacific Non- GMO Oil Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Non- GMO Oil Market Forecasts and Analysis - By End Use
10.3.6 Asia-Pacific Non- GMO Oil Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Non- GMO Oil Market
10.3.6.1.1 Australia Non- GMO Oil Market by Nature
10.3.6.1.2 Australia Non- GMO Oil Market by Product Type
10.3.6.1.3 Australia Non- GMO Oil Market by End Use
10.3.6.2 China Non- GMO Oil Market
10.3.6.2.1 China Non- GMO Oil Market by Nature
10.3.6.2.2 China Non- GMO Oil Market by Product Type
10.3.6.2.3 China Non- GMO Oil Market by End Use
10.3.6.3 India Non- GMO Oil Market
10.3.6.3.1 India Non- GMO Oil Market by Nature
10.3.6.3.2 India Non- GMO Oil Market by Product Type
10.3.6.3.3 India Non- GMO Oil Market by End Use
10.3.6.4 Japan Non- GMO Oil Market
10.3.6.4.1 Japan Non- GMO Oil Market by Nature
10.3.6.4.2 Japan Non- GMO Oil Market by Product Type
10.3.6.4.3 Japan Non- GMO Oil Market by End Use
10.3.6.5 South Korea Non- GMO Oil Market
10.3.6.5.1 South Korea Non- GMO Oil Market by Nature
10.3.6.5.2 South Korea Non- GMO Oil Market by Product Type
10.3.6.5.3 South Korea Non- GMO Oil Market by End Use
10.3.6.6 Rest of Asia-Pacific Non- GMO Oil Market
10.3.6.6.1 Rest of Asia-Pacific Non- GMO Oil Market by Nature
10.3.6.6.2 Rest of Asia-Pacific Non- GMO Oil Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Non- GMO Oil Market by End Use
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Non- GMO Oil Market Overview
10.4.2 Middle East and Africa Non- GMO Oil Market Forecasts and Analysis
10.4.3 Middle East and Africa Non- GMO Oil Market Forecasts and Analysis - By Nature
10.4.4 Middle East and Africa Non- GMO Oil Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Non- GMO Oil Market Forecasts and Analysis - By End Use
10.4.6 Middle East and Africa Non- GMO Oil Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Non- GMO Oil Market
10.4.6.1.1 South Africa Non- GMO Oil Market by Nature
10.4.6.1.2 South Africa Non- GMO Oil Market by Product Type
10.4.6.1.3 South Africa Non- GMO Oil Market by End Use
10.4.6.2 Saudi Arabia Non- GMO Oil Market
10.4.6.2.1 Saudi Arabia Non- GMO Oil Market by Nature
10.4.6.2.2 Saudi Arabia Non- GMO Oil Market by Product Type
10.4.6.2.3 Saudi Arabia Non- GMO Oil Market by End Use
10.4.6.3 U.A.E Non- GMO Oil Market
10.4.6.3.1 U.A.E Non- GMO Oil Market by Nature
10.4.6.3.2 U.A.E Non- GMO Oil Market by Product Type
10.4.6.3.3 U.A.E Non- GMO Oil Market by End Use
10.4.6.4 Rest of Middle East and Africa Non- GMO Oil Market
10.4.6.4.1 Rest of Middle East and Africa Non- GMO Oil Market by Nature
10.4.6.4.2 Rest of Middle East and Africa Non- GMO Oil Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Non- GMO Oil Market by End Use
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Non- GMO Oil Market Overview
10.5.2 South and Central America Non- GMO Oil Market Forecasts and Analysis
10.5.3 South and Central America Non- GMO Oil Market Forecasts and Analysis - By Nature
10.5.4 South and Central America Non- GMO Oil Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Non- GMO Oil Market Forecasts and Analysis - By End Use
10.5.6 South and Central America Non- GMO Oil Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Non- GMO Oil Market
10.5.6.1.1 Brazil Non- GMO Oil Market by Nature
10.5.6.1.2 Brazil Non- GMO Oil Market by Product Type
10.5.6.1.3 Brazil Non- GMO Oil Market by End Use
10.5.6.2 Argentina Non- GMO Oil Market
10.5.6.2.1 Argentina Non- GMO Oil Market by Nature
10.5.6.2.2 Argentina Non- GMO Oil Market by Product Type
10.5.6.2.3 Argentina Non- GMO Oil Market by End Use
10.5.6.3 Rest of South and Central America Non- GMO Oil Market
10.5.6.3.1 Rest of South and Central America Non- GMO Oil Market by Nature
10.5.6.3.2 Rest of South and Central America Non- GMO Oil Market by Product Type
10.5.6.3.3 Rest of South and Central America Non- GMO Oil Market by End Use
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. NON- GMO OIL MARKET, KEY COMPANY PROFILES
12.1. CARGILL INC.
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. CATANIA SPAGNA
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. CENTRA FOODS
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. CHOSEN FOODS LLC
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. COLTURA, LLC DBA COLTURA FOODS
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. HAIN CELESTIAL
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. JEDWARDS INTERNATIONAL, INC.
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. NEXCEL NATURAL INGREDIENTS
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. PLEASANT VALLEY OIL MILLS
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. SPECTRUM ORGANIC PRODUCTS, LLC
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. Cargill Inc.
2. Catania Spagna
3. Centra Foods
4. Chosen Foods LLC
5. Coltura, LLC dba Coltura Foods
6. Hain Celestial
7. Jedwards International, Inc.
8. Nexcel Natural Ingredients
9. Pleasant Valley Oil Mills
10. Spectrum Organic Products, Llc
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.
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