Omega-3 PUFA Market Opportunities 2031
Analyst Perspective
The global omega-3 PUFA market is expected to register a CAGR of ~8%. The market for omega-3 PUFA is growing steadily due to consumer awareness about the health benefits of omega-3, increasing focus on preventive healthcare, and huge demand for omega-3 in functional foods & pharmaceuticals. Strict regulatory guidelines and high costs are challenging for omega-3 PUFA market. The high cost involved in research & development activities is a restricting factor for the market's growth.
Market Overview
Omega-3 is an essential component that helps form the structure of cell membranes. It plays a significant role in anti-inflammatory processes in the cell membrane and helps improve immunity in response to any infection in the human body. Omega-3 PUFA is essential for nerve function, blood clotting, brain health, and muscle strength. The rising application of omega-3 PUFA in industrial sectors is eventually driving the growth of this market globally.
Market Drivers
- Health benefits associated with Omega-3
Increasing health awareness among people drives the growth of the market. Omega-3 helps reduce the risk of chronic diseases such as heart disease, cancer, and arthritis. It also helps to regulate blood pressure, joint pains, glucose tolerance, and others. Omega-3 PUFA is essential for nerve function, blood clotting, brain health, and muscle strength.
- Increase in medical research and increase in demand for functional foods
Ongoing research supports the positive impact of omega-3 PUFA on various health conditions and fuels the omega-3 PUFA market growth. Integration of omega-3 PUFA into functional foods, supplements, and nutraceuticals reflects a trend toward healthier product formulation, which drives market growth.
Increasing lifestyle diseases, disposable income, consumer awareness, and urbanization are major factors for the omega-3 PUFA market growth.
Market Segmentation
The global omega-3 PUFA market is segmented based on source, type, and application. The global omega-3 PUFA market is segmented based on source into marine, plant, and others. The omega-3 PUFA market is segmented based on type into docosahexaenoic acid (DHA), eicosapentaenoic acid (EPA), alpha-linolenic acid (ALA), and others. The omega-3 PUFA market is segmented based on application into food & beverages, dietary supplements, pharmaceuticals, and others.
Regional Analysis
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global omega-3 PUFA market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The omega-3 PUFA market by region is also sub-segmented by respective countries and segments. The omega-3 PUFA market report covers an analysis and forecast of eighteen countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting these regions' Omega-3 PUFA market.
Key Players
The reports cover vital organic and inorganic growth strategy developments in the omega-3 PUFA market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were partnerships & collaborations and acquisitions. These activities have paved the way for the development of the business and customer base of market players. The Omega-3 PUFA market players are estimated to have lucrative growth opportunities with the increasing demand for healthy products in the global market.
The report includes key companies' profiles, SWOT analysis, and Omega-3 PUFA market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the omega-3 PUFA market.
- Cargill Inc
- Croda Pharma
- Basf Se
- Adm
- Corbion Nv
- Dsm
- Lonza Group
- Biosearch Life
- EPAX
- Omega Protein Corporation
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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
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to country scope.
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 Omega-3 PUFA Market - By Type
1.3.2 Omega-3 PUFA Market - By Source
1.3.3 Omega-3 PUFA Market - By Application
1.3.4 Omega-3 PUFA Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. OMEGA-3 PUFA 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. OMEGA-3 PUFA 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. OMEGA-3 PUFA MARKET - GLOBAL MARKET ANALYSIS
6.1. OMEGA-3 PUFA - GLOBAL MARKET OVERVIEW
6.2. OMEGA-3 PUFA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OMEGA-3 PUFA MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DOCOSAHEXAENOIC ACID (DHA)
7.3.1. Overview
7.3.2. Docosahexaenoic Acid (DHA) Market Forecast and Analysis
7.4. EICOSAPENTAENOIC ACID (EPA)
7.4.1. Overview
7.4.2. Eicosapentaenoic Acid (EPA) Market Forecast and Analysis
7.5. ALPHA-LINOLENIC ACID (ALA)
7.5.1. Overview
7.5.2. Alpha-Linolenic Acid (ALA) Market Forecast and Analysis
8. OMEGA-3 PUFA MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. MARINE
8.3.1. Overview
8.3.2. Marine Market Forecast and Analysis
8.3.3. Fish Oil Market
8.3.3.1. Overview
8.3.3.2. Fish Oil Market Forecast and Analysis
8.3.4. Algal Oil Market
8.3.4.1. Overview
8.3.4.2. Algal Oil Market Forecast and Analysis
8.3.5. Krill Oil Market
8.3.5.1. Overview
8.3.5.2. Krill Oil Market Forecast and Analysis
8.3.6. Other Market
8.3.6.1. Overview
8.3.6.2. Other Market Forecast and Analysis
8.4. PLANTS
8.4.1. Overview
8.4.2. Plants Market Forecast and Analysis
8.4.3. Flaxseed Oil Market
8.4.3.1. Overview
8.4.3.2. Flaxseed Oil Market Forecast and Analysis
8.4.4. Chia Seed Oil Market
8.4.4.1. Overview
8.4.4.2. Chia Seed Oil Market Forecast and Analysis
8.4.5. Other Market
8.4.5.1. Overview
8.4.5.2. Other Market Forecast and Analysis
9. OMEGA-3 PUFA MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. DIETARY SUPPLEMENTS
9.3.1. Overview
9.3.2. Dietary Supplements Market Forecast and Analysis
9.4. FUNCTIONAL FOODS AND BEVERAGES
9.4.1. Overview
9.4.2. Functional Foods and Beverages Market Forecast and Analysis
9.5. PHARMACEUTICALS
9.5.1. Overview
9.5.2. Pharmaceuticals Market Forecast and Analysis
9.6. INFANT FORMULA
9.6.1. Overview
9.6.2. Infant Formula Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. OMEGA-3 PUFA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Omega-3 PUFA Market Overview
10.1.2 North America Omega-3 PUFA Market Forecasts and Analysis
10.1.3 North America Omega-3 PUFA Market Forecasts and Analysis - By Type
10.1.4 North America Omega-3 PUFA Market Forecasts and Analysis - By Source
10.1.5 North America Omega-3 PUFA Market Forecasts and Analysis - By Application
10.1.6 North America Omega-3 PUFA Market Forecasts and Analysis - By Countries
10.1.6.1 United States Omega-3 PUFA Market
10.1.6.1.1 United States Omega-3 PUFA Market by Type
10.1.6.1.2 United States Omega-3 PUFA Market by Source
10.1.6.1.3 United States Omega-3 PUFA Market by Application
10.1.6.2 Canada Omega-3 PUFA Market
10.1.6.2.1 Canada Omega-3 PUFA Market by Type
10.1.6.2.2 Canada Omega-3 PUFA Market by Source
10.1.6.2.3 Canada Omega-3 PUFA Market by Application
10.1.6.3 Mexico Omega-3 PUFA Market
10.1.6.3.1 Mexico Omega-3 PUFA Market by Type
10.1.6.3.2 Mexico Omega-3 PUFA Market by Source
10.1.6.3.3 Mexico Omega-3 PUFA Market by Application
10.2. EUROPE
10.2.1 Europe Omega-3 PUFA Market Overview
10.2.2 Europe Omega-3 PUFA Market Forecasts and Analysis
10.2.3 Europe Omega-3 PUFA Market Forecasts and Analysis - By Type
10.2.4 Europe Omega-3 PUFA Market Forecasts and Analysis - By Source
10.2.5 Europe Omega-3 PUFA Market Forecasts and Analysis - By Application
10.2.6 Europe Omega-3 PUFA Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Omega-3 PUFA Market
10.2.6.1.1 Germany Omega-3 PUFA Market by Type
10.2.6.1.2 Germany Omega-3 PUFA Market by Source
10.2.6.1.3 Germany Omega-3 PUFA Market by Application
10.2.6.2 France Omega-3 PUFA Market
10.2.6.2.1 France Omega-3 PUFA Market by Type
10.2.6.2.2 France Omega-3 PUFA Market by Source
10.2.6.2.3 France Omega-3 PUFA Market by Application
10.2.6.3 Italy Omega-3 PUFA Market
10.2.6.3.1 Italy Omega-3 PUFA Market by Type
10.2.6.3.2 Italy Omega-3 PUFA Market by Source
10.2.6.3.3 Italy Omega-3 PUFA Market by Application
10.2.6.4 United Kingdom Omega-3 PUFA Market
10.2.6.4.1 United Kingdom Omega-3 PUFA Market by Type
10.2.6.4.2 United Kingdom Omega-3 PUFA Market by Source
10.2.6.4.3 United Kingdom Omega-3 PUFA Market by Application
10.2.6.5 Russia Omega-3 PUFA Market
10.2.6.5.1 Russia Omega-3 PUFA Market by Type
10.2.6.5.2 Russia Omega-3 PUFA Market by Source
10.2.6.5.3 Russia Omega-3 PUFA Market by Application
10.2.6.6 Rest of Europe Omega-3 PUFA Market
10.2.6.6.1 Rest of Europe Omega-3 PUFA Market by Type
10.2.6.6.2 Rest of Europe Omega-3 PUFA Market by Source
10.2.6.6.3 Rest of Europe Omega-3 PUFA Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Omega-3 PUFA Market Overview
10.3.2 Asia-Pacific Omega-3 PUFA Market Forecasts and Analysis
10.3.3 Asia-Pacific Omega-3 PUFA Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Omega-3 PUFA Market Forecasts and Analysis - By Source
10.3.5 Asia-Pacific Omega-3 PUFA Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Omega-3 PUFA Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Omega-3 PUFA Market
10.3.6.1.1 Australia Omega-3 PUFA Market by Type
10.3.6.1.2 Australia Omega-3 PUFA Market by Source
10.3.6.1.3 Australia Omega-3 PUFA Market by Application
10.3.6.2 China Omega-3 PUFA Market
10.3.6.2.1 China Omega-3 PUFA Market by Type
10.3.6.2.2 China Omega-3 PUFA Market by Source
10.3.6.2.3 China Omega-3 PUFA Market by Application
10.3.6.3 India Omega-3 PUFA Market
10.3.6.3.1 India Omega-3 PUFA Market by Type
10.3.6.3.2 India Omega-3 PUFA Market by Source
10.3.6.3.3 India Omega-3 PUFA Market by Application
10.3.6.4 Japan Omega-3 PUFA Market
10.3.6.4.1 Japan Omega-3 PUFA Market by Type
10.3.6.4.2 Japan Omega-3 PUFA Market by Source
10.3.6.4.3 Japan Omega-3 PUFA Market by Application
10.3.6.5 South Korea Omega-3 PUFA Market
10.3.6.5.1 South Korea Omega-3 PUFA Market by Type
10.3.6.5.2 South Korea Omega-3 PUFA Market by Source
10.3.6.5.3 South Korea Omega-3 PUFA Market by Application
10.3.6.6 Rest of Asia-Pacific Omega-3 PUFA Market
10.3.6.6.1 Rest of Asia-Pacific Omega-3 PUFA Market by Type
10.3.6.6.2 Rest of Asia-Pacific Omega-3 PUFA Market by Source
10.3.6.6.3 Rest of Asia-Pacific Omega-3 PUFA Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Omega-3 PUFA Market Overview
10.4.2 Middle East and Africa Omega-3 PUFA Market Forecasts and Analysis
10.4.3 Middle East and Africa Omega-3 PUFA Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Omega-3 PUFA Market Forecasts and Analysis - By Source
10.4.5 Middle East and Africa Omega-3 PUFA Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Omega-3 PUFA Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Omega-3 PUFA Market
10.4.6.1.1 South Africa Omega-3 PUFA Market by Type
10.4.6.1.2 South Africa Omega-3 PUFA Market by Source
10.4.6.1.3 South Africa Omega-3 PUFA Market by Application
10.4.6.2 Saudi Arabia Omega-3 PUFA Market
10.4.6.2.1 Saudi Arabia Omega-3 PUFA Market by Type
10.4.6.2.2 Saudi Arabia Omega-3 PUFA Market by Source
10.4.6.2.3 Saudi Arabia Omega-3 PUFA Market by Application
10.4.6.3 U.A.E Omega-3 PUFA Market
10.4.6.3.1 U.A.E Omega-3 PUFA Market by Type
10.4.6.3.2 U.A.E Omega-3 PUFA Market by Source
10.4.6.3.3 U.A.E Omega-3 PUFA Market by Application
10.4.6.4 Rest of Middle East and Africa Omega-3 PUFA Market
10.4.6.4.1 Rest of Middle East and Africa Omega-3 PUFA Market by Type
10.4.6.4.2 Rest of Middle East and Africa Omega-3 PUFA Market by Source
10.4.6.4.3 Rest of Middle East and Africa Omega-3 PUFA Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Omega-3 PUFA Market Overview
10.5.2 South and Central America Omega-3 PUFA Market Forecasts and Analysis
10.5.3 South and Central America Omega-3 PUFA Market Forecasts and Analysis - By Type
10.5.4 South and Central America Omega-3 PUFA Market Forecasts and Analysis - By Source
10.5.5 South and Central America Omega-3 PUFA Market Forecasts and Analysis - By Application
10.5.6 South and Central America Omega-3 PUFA Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Omega-3 PUFA Market
10.5.6.1.1 Brazil Omega-3 PUFA Market by Type
10.5.6.1.2 Brazil Omega-3 PUFA Market by Source
10.5.6.1.3 Brazil Omega-3 PUFA Market by Application
10.5.6.2 Argentina Omega-3 PUFA Market
10.5.6.2.1 Argentina Omega-3 PUFA Market by Type
10.5.6.2.2 Argentina Omega-3 PUFA Market by Source
10.5.6.2.3 Argentina Omega-3 PUFA Market by Application
10.5.6.3 Rest of South and Central America Omega-3 PUFA Market
10.5.6.3.1 Rest of South and Central America Omega-3 PUFA Market by Type
10.5.6.3.2 Rest of South and Central America Omega-3 PUFA Market by Source
10.5.6.3.3 Rest of South and Central America Omega-3 PUFA Market by Application
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. OMEGA-3 PUFA MARKET, KEY COMPANY PROFILES
12.1. CARGILL, INCORPORATED
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. CRODA INTERNATIONAL PLC
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. EPAX
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. GC RIEBER
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. KONINKLIJKE DSM N.V.
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. LUHUA BIOMARINE (SHANDONG) CO., LTD.
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. OLVEA FISH OILS
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. OMEGA PROTEIN CORPORATION
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. PHARMA MARINE AS
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. POLARIS
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
The List of Companies
1. Cargill, Incorporated
2. Croda International Plc
3. Epax
4. GC Rieber
5. Koninklijke DSM N.V.
6. Luhua Biomarine (Shandong) Co., Ltd.
7. OLVEA Fish Oils
8. Omega Protein Corporation
9. Pharma Marine AS
10. Polaris
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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