Nut Based Spreads Market Updates by 2031
The nut based market is expected to register a CAGR of 4% during 2023–2031. The increasing consumer inclination toward vegan culture and vegan diets is likely to remain a key trend in the market.
Nut Based Market Analysis:
- An increasing number of consumers shifting from traditional preservative jams and spreads to nut based spreads for breakfast will boost the nut based spreads market all around the globe.
- Although nut based spreads were a popular part of the traditional Western diets, today nut based spreads are consumed and relished even in non-western countries.
- Rising consumption of nut based spreads in the East Asian countries is uplifting the global sales of nut based spreads.
- Peanuts and peanut butter spreads are consumed increasingly by vegans and vegetarians due to the high plant-based protein content.
- Owing to the rising popularity of peanut-based spreads among the rising vegetarian and vegan consumer base in the West, the consumption of nut based spreads has increased.
- Rising consumer demand for low-fat, nut based, nut based spreads low on calories is uplifting the segmented consumer base. With the introduction of low-fat nut spreads, the market of nut-based spreads is projected to surge.
Nut Based Market Overview
- Nut based spreads are breakfast spreads made by grinding nuts and dry tree nuts, such as cashew nuts, peanuts, almonds, hazelnuts, etc., to a paste.
- Nut based spreads are rich in protein, essential fatty acids, and carbohydrates. Hence, it is an ideal food for breakfast. It is spread over the bread and toast.
- Nut based spreads such as peanut butter spreads are rich sources of amino acids, which are vital for the growth of children.
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Nut Based Spreads Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Nut Based Spreads Market: Strategic Insights
Shejal
Have a question?
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
Nut Based Market Drivers and Opportunities
Growing Health Consciousness
- Rising health consciousness among consumers drives growth in the nut-based spreads market.
- Nut based spreads such as almond butter, cashew butter, and mixed nut spreads boast natural, nutrient-rich goodness packed with protein, healthy fats, and essential vitamins and minerals.
- As consumers increasingly seek out nutritious alternatives to spreads that often contain added sugars and artificial ingredients, nut-based spreads are becoming popular as consumers adopt plant-based, paleo, and keto diets.
- Manufacturers are responding to this growing demand with increased innovation and variety, developing spreads for health-conscious consumers who seek tasty, multifunctional, and nutritious spreads.
Health and Wellness Positioning
- The nut based spreads market is expected to gain from the growing health and wellness trend among consumers as an increasing number of people are adopting plant-based alternatives to traditional spreads, and nut-based spreads are seen as a nutrition-packed value proposition.
- These spreads are naturally rich in protein, healthy fats, and fiber, which aligns with the primary dietary preferences of health-conscious and wellness-oriented consumers.
- Marketers can leverage the ability of nut based Spreads to support the cardiovascular system, provide sustainable energy, and contribute to a nutritious diet while showcasing the ingredients of the spreads as clean label, with no artificial additives or preservatives, as consumers are increasingly leaning towards wholesome minimally-processed foods.
- Furthermore, the high versatility of Nut Based Spreads in a wide variety of recipes and meal occasions would give an opportunity for marketing efforts to highlight the spreads as a part of a balanced, wholesome, and healthy diet and lifestyle.
Nut Based Market Report Segmentation Analysis
The scope of the global nut based market is segmented on the basis of nut type, calorie, and distribution channel.
- Based on nut type, the nut based market is segmented into peanut-based spreads, hazelnut-based spreads, almond-based spreads, walnut-based spreads, cashew-based spreads, and other nut types.
- On the basis of Calorie, the market is bifurcated into high calorie nut based spreads, low calorie nut based spread.
- Based on distribution channel, the market is categorized into hypermarkets and supermarkets, convenience stores, online retail, and other.
Nut Based Market Share Analysis by Geography
- Nut Based Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering nut based market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the nut based market in these regions.
Nut Based Market Report Scope
Nut Based Market News and Recent Developments:
The nut based market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- UK-based CRAVE Healthy Food introduced a nut-free alternative to peanut butter, made from sunflower seeds, for those with peanut allergies. This spread is accessible to around 2% of UK children, with only 1 in 5 outgrowing their allergy, according to Allergy UK. (Source: CRAVE Healthy Food, Newsletter, March 2024)
- Voyage Foods announced a new retail distribution deal with Walmart. The company will release its Peanut-Free and Hazelnut-Free Spreads in over 1200 Walmart stores and on Walmart.com this October, marking its largest expansion since its inception two years ago. (Source: Voyage Foods, Newsletter, Oct 2023)
Nut Based Market Market Report Coverage and Deliverables
The “Nut Based Market Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Nut based market size and forecast at global, regional and country levels for all the key market segments covered under the scope
- Nut based market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Nut based market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the nut based market
- Detailed company profiles
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
The global nut based market is estimated to grow above 4% during the forecast period 2024-2031.
Growing health consciousness is one of the major factors driving the nut based market.
The increasing consumer inclination toward vegan culture and vegan diets is likely to remain a key trend in the market.
The leading players operating in the nut based market are Abby's Better Nut Butter LLC, CRAVE Healthy Food, Voyage Foods, Conagra Brands Inc, Crazy Richard's Peanut Butter Co, Ferrero International SA, Hormel Foods Corp, Nestle SA, Saratoga Peanut Butter Co, and The Hain Celestial Group Inc.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Nut Based Spreads Market - By Product Type
1.3.2 Nut Based Spreads Market - By Nut Type
1.3.3 Nut Based Spreads Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NUT BASED SPREADS 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. NUT BASED SPREADS 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. NUT BASED SPREADS MARKET - GLOBAL MARKET ANALYSIS
6.1. NUT BASED SPREADS - GLOBAL MARKET OVERVIEW
6.2. NUT BASED SPREADS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NUT BASED SPREADS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HIGH CALORIE NUT BASED SPREADS
7.3.1. Overview
7.3.2. High Calorie Nut Based Spreads Market Forecast and Analysis
7.4. LOW CALORIE NUT BASED SPREAD
7.4.1. Overview
7.4.2. Low Calorie Nut Based Spread Market Forecast and Analysis
8. NUT BASED SPREADS MARKET - REVENUE AND FORECASTS TO 2028 - NUT TYPE
8.1. OVERVIEW
8.2. NUT TYPE MARKET FORECASTS AND ANALYSIS
8.3. PEANUT-BASED SPREADS
8.3.1. Overview
8.3.2. Peanut-Based Spreads Market Forecast and Analysis
8.4. ALMOND-BASED SPREADS
8.4.1. Overview
8.4.2. Almond-Based Spreads Market Forecast and Analysis
8.5. WALNUT-BASED SPREADS
8.5.1. Overview
8.5.2. Walnut-Based Spreads Market Forecast and Analysis
8.6. HAZELNUT-BASED SPREADS
8.6.1. Overview
8.6.2. Hazelnut-Based Spreads Market Forecast and Analysis
8.7. CASHEW-BASED SPREADS
8.7.1. Overview
8.7.2. Cashew-Based Spreads Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. NUT BASED SPREADS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Nut Based Spreads Market Overview
9.1.2 North America Nut Based Spreads Market Forecasts and Analysis
9.1.3 North America Nut Based Spreads Market Forecasts and Analysis - By Product Type
9.1.4 North America Nut Based Spreads Market Forecasts and Analysis - By Nut Type
9.1.5 North America Nut Based Spreads Market Forecasts and Analysis - By Countries
9.1.5.1 United States Nut Based Spreads Market
9.1.5.1.1 United States Nut Based Spreads Market by Product Type
9.1.5.1.2 United States Nut Based Spreads Market by Nut Type
9.1.5.2 Canada Nut Based Spreads Market
9.1.5.2.1 Canada Nut Based Spreads Market by Product Type
9.1.5.2.2 Canada Nut Based Spreads Market by Nut Type
9.1.5.3 Mexico Nut Based Spreads Market
9.1.5.3.1 Mexico Nut Based Spreads Market by Product Type
9.1.5.3.2 Mexico Nut Based Spreads Market by Nut Type
9.2. EUROPE
9.2.1 Europe Nut Based Spreads Market Overview
9.2.2 Europe Nut Based Spreads Market Forecasts and Analysis
9.2.3 Europe Nut Based Spreads Market Forecasts and Analysis - By Product Type
9.2.4 Europe Nut Based Spreads Market Forecasts and Analysis - By Nut Type
9.2.5 Europe Nut Based Spreads Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Nut Based Spreads Market
9.2.5.1.1 Germany Nut Based Spreads Market by Product Type
9.2.5.1.2 Germany Nut Based Spreads Market by Nut Type
9.2.5.2 France Nut Based Spreads Market
9.2.5.2.1 France Nut Based Spreads Market by Product Type
9.2.5.2.2 France Nut Based Spreads Market by Nut Type
9.2.5.3 Italy Nut Based Spreads Market
9.2.5.3.1 Italy Nut Based Spreads Market by Product Type
9.2.5.3.2 Italy Nut Based Spreads Market by Nut Type
9.2.5.4 United Kingdom Nut Based Spreads Market
9.2.5.4.1 United Kingdom Nut Based Spreads Market by Product Type
9.2.5.4.2 United Kingdom Nut Based Spreads Market by Nut Type
9.2.5.5 Russia Nut Based Spreads Market
9.2.5.5.1 Russia Nut Based Spreads Market by Product Type
9.2.5.5.2 Russia Nut Based Spreads Market by Nut Type
9.2.5.6 Rest of Europe Nut Based Spreads Market
9.2.5.6.1 Rest of Europe Nut Based Spreads Market by Product Type
9.2.5.6.2 Rest of Europe Nut Based Spreads Market by Nut Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Nut Based Spreads Market Overview
9.3.2 Asia-Pacific Nut Based Spreads Market Forecasts and Analysis
9.3.3 Asia-Pacific Nut Based Spreads Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Nut Based Spreads Market Forecasts and Analysis - By Nut Type
9.3.5 Asia-Pacific Nut Based Spreads Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Nut Based Spreads Market
9.3.5.1.1 Australia Nut Based Spreads Market by Product Type
9.3.5.1.2 Australia Nut Based Spreads Market by Nut Type
9.3.5.2 China Nut Based Spreads Market
9.3.5.2.1 China Nut Based Spreads Market by Product Type
9.3.5.2.2 China Nut Based Spreads Market by Nut Type
9.3.5.3 India Nut Based Spreads Market
9.3.5.3.1 India Nut Based Spreads Market by Product Type
9.3.5.3.2 India Nut Based Spreads Market by Nut Type
9.3.5.4 Japan Nut Based Spreads Market
9.3.5.4.1 Japan Nut Based Spreads Market by Product Type
9.3.5.4.2 Japan Nut Based Spreads Market by Nut Type
9.3.5.5 South Korea Nut Based Spreads Market
9.3.5.5.1 South Korea Nut Based Spreads Market by Product Type
9.3.5.5.2 South Korea Nut Based Spreads Market by Nut Type
9.3.5.6 Rest of Asia-Pacific Nut Based Spreads Market
9.3.5.6.1 Rest of Asia-Pacific Nut Based Spreads Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Nut Based Spreads Market by Nut Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Nut Based Spreads Market Overview
9.4.2 Middle East and Africa Nut Based Spreads Market Forecasts and Analysis
9.4.3 Middle East and Africa Nut Based Spreads Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Nut Based Spreads Market Forecasts and Analysis - By Nut Type
9.4.5 Middle East and Africa Nut Based Spreads Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Nut Based Spreads Market
9.4.5.1.1 South Africa Nut Based Spreads Market by Product Type
9.4.5.1.2 South Africa Nut Based Spreads Market by Nut Type
9.4.5.2 Saudi Arabia Nut Based Spreads Market
9.4.5.2.1 Saudi Arabia Nut Based Spreads Market by Product Type
9.4.5.2.2 Saudi Arabia Nut Based Spreads Market by Nut Type
9.4.5.3 U.A.E Nut Based Spreads Market
9.4.5.3.1 U.A.E Nut Based Spreads Market by Product Type
9.4.5.3.2 U.A.E Nut Based Spreads Market by Nut Type
9.4.5.4 Rest of Middle East and Africa Nut Based Spreads Market
9.4.5.4.1 Rest of Middle East and Africa Nut Based Spreads Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Nut Based Spreads Market by Nut Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Nut Based Spreads Market Overview
9.5.2 South and Central America Nut Based Spreads Market Forecasts and Analysis
9.5.3 South and Central America Nut Based Spreads Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Nut Based Spreads Market Forecasts and Analysis - By Nut Type
9.5.5 South and Central America Nut Based Spreads Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Nut Based Spreads Market
9.5.5.1.1 Brazil Nut Based Spreads Market by Product Type
9.5.5.1.2 Brazil Nut Based Spreads Market by Nut Type
9.5.5.2 Argentina Nut Based Spreads Market
9.5.5.2.1 Argentina Nut Based Spreads Market by Product Type
9.5.5.2.2 Argentina Nut Based Spreads Market by Nut Type
9.5.5.3 Rest of South and Central America Nut Based Spreads Market
9.5.5.3.1 Rest of South and Central America Nut Based Spreads Market by Product Type
9.5.5.3.2 Rest of South and Central America Nut Based Spreads Market by Nut Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NUT BASED SPREADS MARKET, KEY COMPANY PROFILES
11.1. ABBY'S BETTER NUT BUTTER LLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ANDROS GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CONAGRA BRANDS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CRAZY RICHARD'S PEANUT BUTTER CO.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FERRERO INTERNATIONAL S.A.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HORMEL FOODS CORP.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NESTLE S.A.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SARATOGA PEANUT BUTTER CO.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE HAIN CELESTIAL GROUP INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE HERSHEY CO.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Abby's Better Nut Butter LLC
2. Andros Group
3. Conagra Brands Inc.
4. Crazy Richard's Peanut Butter Co.
5. Ferrero International S.A.
6. Hormel Foods Corp.
7. Nestle S.A.
8. Saratoga Peanut Butter Co.
9. The Hain Celestial Group Inc.
10. The Hershey Co.
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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