Organic Milk Market Key Findings by 2031
The organic milk market is expected to register a CAGR of 8% during 2023–2031. Rising demand for 100% grass-fed, certified organic dairy products is likely to remain one of the key market trends.
Organic Milk Market Analysis:
- There has been a rapid growth in the market for organic milk because of the rise in demand for organic food products. These days people want to keep themselves healthy and they tend to go for organic food items like organic milk that are free from synthetic growth hormones, synthetic antibiotics, and pesticides.
- Moreover, the rising incidence of health problems such as diabetes, hypertension, cardiovascular disease, and obesity has been the main reason for the increased demand for organic dairy products like organic milk.
- Government assistance is another reason why the organic milk segment is growing. In many countries, the government encourages traditional farmers to turn to organic farming through education programs and grants.
Organic Milk Market Overview
- In terms of global consumption of organic milk North America, particularly the US is one of the largest markets.
- Due to the increasing consumer interest in organic food, retail sales of organic milk in this region have been rapidly expanding.
- In the US, a greater awareness of the health benefits of natural products has been a key driving force in the market.
- Europe has a rich tradition of dairy farming, and many European consumers are shifting to organic milk due to its health benefits.
- Consumers prefer local dairy products from organic farms to support local farmers which is also contributing to the market growth.
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Organic Milk 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.
Organic Milk 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.
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Organic Milk Market Drivers and Opportunities
Rising Awareness of the Benefits of Organic Milk
- Organic milk is a rich source of omega-3 fatty acids and contains antioxidants that help combat serious diseases. It also helps improve immunity and fight oxidative stress.
- Organic milk has higher amounts of conjugated linoleic acid than regular milk which has a positive effect on heart health.
- Organic milk is free from antibiotics and growth hormones making it suitable for babies and toddlers.
- Organic milk is highly sustainable and supports eco-friendly farming practices.
- Thus, rising awareness of the various benefits of organic milk is driving the growth of the organic milk market.
Opportunities
Product Innovation
- Companies in the organic milk market are innovating their products based on factors such as affordability, innovative packaging, and low-fat claims.
- Start-ups and established players in the organic milk market are seeking to reduce production costs and improve profitability through technological innovations and product developments, such as the production of innovative flavored, low-sugar, and low-fat organic milk to respond to the changing dietary demands of health-conscious consumers.
Organic Milk Market Segmentation
The scope of the global organic milk market has been segmented based on type, packaging type, and distribution channel.
- Based on type, the organic milk market is divided into reduced-fat and regular.
- based on packaging type, the market is divided into bottles, cartons, and others.
- Based on distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others
Organic Milk Market Share Analysis by Geography
- Organic Milk 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 organic milk 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 organic milk market in these regions.
Organic Milk Market Report Scope
Organic Milk Market News and Recent Developments:
The organic milk 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:
- Organic Valley – America's largest organic farmer-owned dairy cooperative – announced the expansion of its fluid milk portfolio with Organic Valley® Family First™. New Organic Valley Family First milk has all the goodness of the standard 12 essential nutrients in Organic Valley milk, with added DHA Omega 3 to support brain health. This new milk is meant to be enjoyed by milk lovers of all ages and comes from pasture-raised cows on Organic Valley's small family farms. (Source – Organic Valley, Press Release, Jan 2024)
- Yeo Valley has launched its new range of delicious, flavored milk made with organic milk from free-range cows. The milk, which does not contain any artificial sweeteners, colors, or flavors, is packed in cartons that are certified FSC Mix and ASI (responsible aluminum sourcing) certified. Available in rich & smooth chocolate flavors or fruity and smooth raspberry, these new milk are a lovely addition to the Yeo Organic line. (Source – Yeo Valley, Newsletter, Oct 2021)
Organic Milk Market Report Coverage and Deliverables
The “Organic Milk Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Organic Milk market size and forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Organic Milk market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Organic Milk 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 in the organic milk 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 report can be delivered in PDF/Word format, we can also share an Excel data sheet based on request.
Straus Family Creamery, Aurora Organic Dairy, Horizon Organic Dairy LLC, Organic Valley, MAPLE HILL, Yeo Valley Organic Limited, Humboldt Creamery, Crystal Creamery, Agropur, Saputo Inc., and Promise Valley Farm are among the leading players operating in the organic milk market.
Increasing awareness of the health benefits of organic milk is driving the organic milk market growth.
Rising demand for 100% grass-fed, certified organic dairy products is likely to remain the key trend in the market.
The global organic milk market is estimated to grow above 8% during the forecast period 2024-2031.
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 Organic Milk Market - By Type
1.3.2 Organic Milk Market - By Packaging Type
1.3.3 Organic Milk Market - By Distribution Channel
1.3.4 Organic Milk Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ORGANIC MILK 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. ORGANIC MILK 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. ORGANIC MILK MARKET - GLOBAL MARKET ANALYSIS
6.1. ORGANIC MILK - GLOBAL MARKET OVERVIEW
6.2. ORGANIC MILK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ORGANIC MILK MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC WHOLE MILK
7.3.1. Overview
7.3.2. Organic Whole Milk Market Forecast and Analysis
7.4. ORGANIC 2% MILK
7.4.1. Overview
7.4.2. Organic 2% Milk Market Forecast and Analysis
7.5. ORGANIC 1% MILK
7.5.1. Overview
7.5.2. Organic 1% Milk Market Forecast and Analysis
7.6. ORGANIC FAT-FREE MILK
7.6.1. Overview
7.6.2. Organic Fat-free Milk Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. ORGANIC MILK MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
8.1. OVERVIEW
8.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
8.3. POUCHES
8.3.1. Overview
8.3.2. Pouches Market Forecast and Analysis
8.4. CARTONS
8.4.1. Overview
8.4.2. Cartons Market Forecast and Analysis
8.5. BOTTLES
8.5.1. Overview
8.5.2. Bottles Market Forecast and Analysis
8.6. CANS
8.6.1. Overview
8.6.2. Cans Market Forecast and Analysis
9. ORGANIC MILK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKETS
9.3.1. Overview
9.3.2. Hypermarkets Market Forecast and Analysis
9.4. SUPERMARKETS
9.4.1. Overview
9.4.2. Supermarkets Market Forecast and Analysis
9.5. CONVENIENCE STORES
9.5.1. Overview
9.5.2. Convenience Stores Market Forecast and Analysis
9.6. ONLINE STORES
9.6.1. Overview
9.6.2. Online Stores Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. ORGANIC MILK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Organic Milk Market Overview
10.1.2 North America Organic Milk Market Forecasts and Analysis
10.1.3 North America Organic Milk Market Forecasts and Analysis - By Type
10.1.4 North America Organic Milk Market Forecasts and Analysis - By Packaging Type
10.1.5 North America Organic Milk Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Organic Milk Market Forecasts and Analysis - By Countries
10.1.6.1 United States Organic Milk Market
10.1.6.1.1 United States Organic Milk Market by Type
10.1.6.1.2 United States Organic Milk Market by Packaging Type
10.1.6.1.3 United States Organic Milk Market by Distribution Channel
10.1.6.2 Canada Organic Milk Market
10.1.6.2.1 Canada Organic Milk Market by Type
10.1.6.2.2 Canada Organic Milk Market by Packaging Type
10.1.6.2.3 Canada Organic Milk Market by Distribution Channel
10.1.6.3 Mexico Organic Milk Market
10.1.6.3.1 Mexico Organic Milk Market by Type
10.1.6.3.2 Mexico Organic Milk Market by Packaging Type
10.1.6.3.3 Mexico Organic Milk Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Organic Milk Market Overview
10.2.2 Europe Organic Milk Market Forecasts and Analysis
10.2.3 Europe Organic Milk Market Forecasts and Analysis - By Type
10.2.4 Europe Organic Milk Market Forecasts and Analysis - By Packaging Type
10.2.5 Europe Organic Milk Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Organic Milk Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Organic Milk Market
10.2.6.1.1 Germany Organic Milk Market by Type
10.2.6.1.2 Germany Organic Milk Market by Packaging Type
10.2.6.1.3 Germany Organic Milk Market by Distribution Channel
10.2.6.2 France Organic Milk Market
10.2.6.2.1 France Organic Milk Market by Type
10.2.6.2.2 France Organic Milk Market by Packaging Type
10.2.6.2.3 France Organic Milk Market by Distribution Channel
10.2.6.3 Italy Organic Milk Market
10.2.6.3.1 Italy Organic Milk Market by Type
10.2.6.3.2 Italy Organic Milk Market by Packaging Type
10.2.6.3.3 Italy Organic Milk Market by Distribution Channel
10.2.6.4 United Kingdom Organic Milk Market
10.2.6.4.1 United Kingdom Organic Milk Market by Type
10.2.6.4.2 United Kingdom Organic Milk Market by Packaging Type
10.2.6.4.3 United Kingdom Organic Milk Market by Distribution Channel
10.2.6.5 Rest of Europe Organic Milk Market
10.2.6.5.1 Rest of Europe Organic Milk Market by Type
10.2.6.5.2 Rest of Europe Organic Milk Market by Packaging Type
10.2.6.5.3 Rest of Europe Organic Milk Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Organic Milk Market Overview
10.3.2 Asia-Pacific Organic Milk Market Forecasts and Analysis
10.3.3 Asia-Pacific Organic Milk Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Organic Milk Market Forecasts and Analysis - By Packaging Type
10.3.5 Asia-Pacific Organic Milk Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Organic Milk Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Organic Milk Market
10.3.6.1.1 Australia Organic Milk Market by Type
10.3.6.1.2 Australia Organic Milk Market by Packaging Type
10.3.6.1.3 Australia Organic Milk Market by Distribution Channel
10.3.6.2 China Organic Milk Market
10.3.6.2.1 China Organic Milk Market by Type
10.3.6.2.2 China Organic Milk Market by Packaging Type
10.3.6.2.3 China Organic Milk Market by Distribution Channel
10.3.6.3 India Organic Milk Market
10.3.6.3.1 India Organic Milk Market by Type
10.3.6.3.2 India Organic Milk Market by Packaging Type
10.3.6.3.3 India Organic Milk Market by Distribution Channel
10.3.6.4 Japan Organic Milk Market
10.3.6.4.1 Japan Organic Milk Market by Type
10.3.6.4.2 Japan Organic Milk Market by Packaging Type
10.3.6.4.3 Japan Organic Milk Market by Distribution Channel
10.3.6.5 South Korea Organic Milk Market
10.3.6.5.1 South Korea Organic Milk Market by Type
10.3.6.5.2 South Korea Organic Milk Market by Packaging Type
10.3.6.5.3 South Korea Organic Milk Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Organic Milk Market
10.3.6.6.1 Rest of Asia-Pacific Organic Milk Market by Type
10.3.6.6.2 Rest of Asia-Pacific Organic Milk Market by Packaging Type
10.3.6.6.3 Rest of Asia-Pacific Organic Milk Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Organic Milk Market Overview
10.4.2 Middle East and Africa Organic Milk Market Forecasts and Analysis
10.4.3 Middle East and Africa Organic Milk Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Organic Milk Market Forecasts and Analysis - By Packaging Type
10.4.5 Middle East and Africa Organic Milk Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Organic Milk Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Organic Milk Market
10.4.6.1.1 South Africa Organic Milk Market by Type
10.4.6.1.2 South Africa Organic Milk Market by Packaging Type
10.4.6.1.3 South Africa Organic Milk Market by Distribution Channel
10.4.6.2 Saudi Arabia Organic Milk Market
10.4.6.2.1 Saudi Arabia Organic Milk Market by Type
10.4.6.2.2 Saudi Arabia Organic Milk Market by Packaging Type
10.4.6.2.3 Saudi Arabia Organic Milk Market by Distribution Channel
10.4.6.3 U.A.E Organic Milk Market
10.4.6.3.1 U.A.E Organic Milk Market by Type
10.4.6.3.2 U.A.E Organic Milk Market by Packaging Type
10.4.6.3.3 U.A.E Organic Milk Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Organic Milk Market
10.4.6.4.1 Rest of Middle East and Africa Organic Milk Market by Type
10.4.6.4.2 Rest of Middle East and Africa Organic Milk Market by Packaging Type
10.4.6.4.3 Rest of Middle East and Africa Organic Milk Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Organic Milk Market Overview
10.5.2 South and Central America Organic Milk Market Forecasts and Analysis
10.5.3 South and Central America Organic Milk Market Forecasts and Analysis - By Type
10.5.4 South and Central America Organic Milk Market Forecasts and Analysis - By Packaging Type
10.5.5 South and Central America Organic Milk Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Organic Milk Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Organic Milk Market
10.5.6.1.1 Brazil Organic Milk Market by Type
10.5.6.1.2 Brazil Organic Milk Market by Packaging Type
10.5.6.1.3 Brazil Organic Milk Market by Distribution Channel
10.5.6.2 Argentina Organic Milk Market
10.5.6.2.1 Argentina Organic Milk Market by Type
10.5.6.2.2 Argentina Organic Milk Market by Packaging Type
10.5.6.2.3 Argentina Organic Milk Market by Distribution Channel
10.5.6.3 Rest of South and Central America Organic Milk Market
10.5.6.3.1 Rest of South and Central America Organic Milk Market by Type
10.5.6.3.2 Rest of South and Central America Organic Milk Market by Packaging Type
10.5.6.3.3 Rest of South and Central America Organic Milk Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. ORGANIC MILK MARKET, KEY COMPANY PROFILES
12.1. ANDECHSER DAIRY
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. ARLA FOOD
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. AURORA ORGANIC DAIRY
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. AVALON DAIRY
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. BRUTON DAIRY
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. EMMI
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. HORIZON ORGANIC
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. ORGANIC DAIRY FARMERS
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. ORGANIC VALLEY
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. YEO VALLEY
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.Andechser Dairy
2.Arla Food
3.Aurora Organic Dairy
4.Avalon Dairy
5.Bruton Dairy
6.Emmi
7.Horizon Organic
8.Organic Dairy Farmers
9.Organic Valley
10.Yeo Valley
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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