Pea Protein Ingredients Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

Coverage: Pea Protein Ingredients Market covers analysis By Type (Concentrates, Textured, Isolates), Category (Organic, Conventional), Application (Food & Beverages, Pharmaceuticals & Nutraceuticals, Others), and Geography

  • Report Code : TIPRE00013107
  • Category : Food and Beverages
  • No. of Pages : 150
Buy Now

Pea Protein Ingredients Market Strategies and Share 2031

Buy Now

The pea protein ingredients market is expected to register a CAGR of 9% during 2023–2031. The increasing demand from the pet food industry is likely to be the trend in the pea protein ingredients market.

Pea Protein Ingredients Market Analysis:

  • The pea protein ingredients market has experienced strong growth in the recent past, driven by increasing demand from consumers looking for plant-based protein alternatives, which is particularly attributed to the rising trend for vegetarian and vegan diets, as well as the increased awareness of sustainable and animal-friendly product choices.
  • Meanwhile, pea protein is appealing because it is high in essential amino acids and, unlike many other soy- and dairy-based sources, it is not an allergen. It is used in all types of food and beverage applications, from meat substitutes, protein bars, and snacks to plant-based dairy alternatives.

Pea Protein Ingredients Market Overview

  • Pea protein ingredients are foods made from yellow peas (Pisum sativum) that have been milled dry or wet and then processed to isolate the protein ingredient – pea protein – that is also often cold-pressed. These products are quite nutritious for vegetable food because they are high in essential amino acids and hypoallergenic.
  • The pea protein ingredients market has witnessed considerable growth as it serves as an excellent source of plant protein, and its application potential spans across a wide range of food and beverage products.
  • Pea protein is an important source of protein for the meat alternative industry, particularly in texturized vegetable protein in plant-based burgers and sausages, as well as in imitation meats, poultry, and fish products. While it is also used for dairy alternatives, such as plant-based milk, yogurt, and cheese, the tasty pea protein is used as a staple ingredient in the sports nutrition segment for protein powders and protein bars.

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.

Pea Protein Ingredients Market: Strategic Insights

pea-protein-ingredients-market
Analyst Image

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.

Analyst Image  Speak to Analyst

Pea Protein Ingredients Market Drivers and Opportunities

Growing Vegan and Vegetarian Population

  • Pea protein ingredients are increasingly fueled by the rising vegan population. Rising environmental and ethical concerns, health, and lifestyle choices are pushing more people to opt for plant-based diets.
  • Whether it be vegan meats, vegan dairy replacements, vegan protein supplements, or new vegan bars and snacks, pea protein is an important component of most vegan products.

Increasing Innovation in Plant-based Food & Beverages Products  

  • Growing new opportunities for pea protein ingredients, more and more food manufacturers are looking into plant-based meat substitutes, dairy-free products, or vegan snacks.
  • Pea protein ingredients are an easy and reliable source of innovation since their neutral taste and excellent functional properties enable manufacturers to mimic the flavors and textures of animal-based products.
  • In addition, unlike soy and other plant-based proteins, pea protein is a hypoallergenic food with an excellent amino acid profile, making it an incredibly safe choice appealing to health-aware consumers.

Pea Protein Ingredients Market Segmentation

The scope of the global pea protein ingredients market is segmented based on type, category, and application.

  • based on type, the market is segmented into concentrates, textured, and isolates.
  • based on category, the market is bifurcated into organic and conventional.
  • Based on application, the pea protein ingredients market is classified into food & beverages, pharmaceuticals & nutraceuticals, and others.

Pea Protein Ingredients Market Share Analysis by Geography

  • The pea protein ingredients 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 pea protein ingredients 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 pea protein ingredients market in these regions.

Pea Protein Ingredients Market Report Scope

Pea Protein Ingredients Market News and Recent Developments:

The pea protein ingredients 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:

  • Roquette announced the extension to its NUTRALYS pea protein range. The four pea protein ingredients – NUTRALYS Pea F853M (isolate), NUTRALYS H85 (hydrolysate), NUTRALYS T Pea 700FL (textured), and NUTRALYS T Pea 700M (textured) – have been specifically created to address challenges commonly encountered when developing foods and beverages with plant proteins. (Source: Newsletter, Roquette Frères, February 2024)
  • Roquette, a global leader in plant-based ingredients and a pioneer of plant proteins, announced today the launch of a new line of organic pea ingredients: organic pea starch and organic pea protein. These ingredients are produced at its plant in Portage la Prairie (MB, Canada) and supported by peas sourced from a network of organic pea growers from Canada. With these new solutions, Roquette enables its customers to choose the food they want to offer to consumers with quality, reliability, and full traceability back to the farm. (Source: Newsletter, Roquette Frères, October 2022)

Pea Protein Ingredients Market Report Coverage and Deliverables

The "Pea Protein Ingredients Market Size and Forecast (2021 – 2031)" provides a detailed analysis of the market covering below areas:

  • Pea protein ingredients market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Pea protein ingredients market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter's Five Forces and SWOT analysis
  • Pea protein ingredients 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 pea protein ingredients market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What is the expected CAGR of the pea protein ingredients market?

The global pea protein ingredients market is estimated to grow above 9% during the forecast period 2024-2031.

What are the driving factors pea protein ingredients market?

The growing vegan and vegetarian population is one of the major factors driving the pea protein ingredients market.

What are the future trends of the pea protein ingredients market?

The increasing demand from the pet food industry is likely to be the trend in the pea protein ingredients market.

Which are the leading players operating in the pea protein ingredients market?

The leading players operating in the pea protein ingredients market are ADM, Cargill Incorporated, Kerry Group Plc, Burcon, COSUCRA, Nutri-Pea, Titan Biotech, Roquette Frères, The Scoular Company, Dupont.

What are the deliverable formats of the pea protein ingredients market?

The report can be delivered in PDF/Word format, we can also share Excel data sheets based on request.

What are the options available for the customization of this report?

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 Pea Protein Ingredients Market - By Type
1.3.2 Pea Protein Ingredients Market - By Application
1.3.3 Pea Protein Ingredients Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PEA PROTEIN INGREDIENTS 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. PEA PROTEIN INGREDIENTS 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. PEA PROTEIN INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. PEA PROTEIN INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. PEA PROTEIN INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEA PROTEIN INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ISOLATES
7.3.1. Overview
7.3.2. Isolates Market Forecast and Analysis
7.4. CONCENTRATES
7.4.1. Overview
7.4.2. Concentrates Market Forecast and Analysis
7.5. TEXTURED
7.5.1. Overview
7.5.2. Textured Market Forecast and Analysis
8. PEA PROTEIN INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FOOD AND BEVERAGES
8.3.1. Overview
8.3.2. Food and Beverages Market Forecast and Analysis
8.4. ANIMAL FEED
8.4.1. Overview
8.4.2. Animal Feed Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PEA PROTEIN INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Pea Protein Ingredients Market Overview
9.1.2 North America Pea Protein Ingredients Market Forecasts and Analysis
9.1.3 North America Pea Protein Ingredients Market Forecasts and Analysis - By Type
9.1.4 North America Pea Protein Ingredients Market Forecasts and Analysis - By Application
9.1.5 North America Pea Protein Ingredients Market Forecasts and Analysis - By Countries
9.1.5.1 United States Pea Protein Ingredients Market
9.1.5.1.1 United States Pea Protein Ingredients Market by Type
9.1.5.1.2 United States Pea Protein Ingredients Market by Application
9.1.5.2 Canada Pea Protein Ingredients Market
9.1.5.2.1 Canada Pea Protein Ingredients Market by Type
9.1.5.2.2 Canada Pea Protein Ingredients Market by Application
9.1.5.3 Mexico Pea Protein Ingredients Market
9.1.5.3.1 Mexico Pea Protein Ingredients Market by Type
9.1.5.3.2 Mexico Pea Protein Ingredients Market by Application
9.2. EUROPE
9.2.1 Europe Pea Protein Ingredients Market Overview
9.2.2 Europe Pea Protein Ingredients Market Forecasts and Analysis
9.2.3 Europe Pea Protein Ingredients Market Forecasts and Analysis - By Type
9.2.4 Europe Pea Protein Ingredients Market Forecasts and Analysis - By Application
9.2.5 Europe Pea Protein Ingredients Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Pea Protein Ingredients Market
9.2.5.1.1 Germany Pea Protein Ingredients Market by Type
9.2.5.1.2 Germany Pea Protein Ingredients Market by Application
9.2.5.2 France Pea Protein Ingredients Market
9.2.5.2.1 France Pea Protein Ingredients Market by Type
9.2.5.2.2 France Pea Protein Ingredients Market by Application
9.2.5.3 Italy Pea Protein Ingredients Market
9.2.5.3.1 Italy Pea Protein Ingredients Market by Type
9.2.5.3.2 Italy Pea Protein Ingredients Market by Application
9.2.5.4 United Kingdom Pea Protein Ingredients Market
9.2.5.4.1 United Kingdom Pea Protein Ingredients Market by Type
9.2.5.4.2 United Kingdom Pea Protein Ingredients Market by Application
9.2.5.5 Russia Pea Protein Ingredients Market
9.2.5.5.1 Russia Pea Protein Ingredients Market by Type
9.2.5.5.2 Russia Pea Protein Ingredients Market by Application
9.2.5.6 Rest of Europe Pea Protein Ingredients Market
9.2.5.6.1 Rest of Europe Pea Protein Ingredients Market by Type
9.2.5.6.2 Rest of Europe Pea Protein Ingredients Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Pea Protein Ingredients Market Overview
9.3.2 Asia-Pacific Pea Protein Ingredients Market Forecasts and Analysis
9.3.3 Asia-Pacific Pea Protein Ingredients Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Pea Protein Ingredients Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Pea Protein Ingredients Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Pea Protein Ingredients Market
9.3.5.1.1 Australia Pea Protein Ingredients Market by Type
9.3.5.1.2 Australia Pea Protein Ingredients Market by Application
9.3.5.2 China Pea Protein Ingredients Market
9.3.5.2.1 China Pea Protein Ingredients Market by Type
9.3.5.2.2 China Pea Protein Ingredients Market by Application
9.3.5.3 India Pea Protein Ingredients Market
9.3.5.3.1 India Pea Protein Ingredients Market by Type
9.3.5.3.2 India Pea Protein Ingredients Market by Application
9.3.5.4 Japan Pea Protein Ingredients Market
9.3.5.4.1 Japan Pea Protein Ingredients Market by Type
9.3.5.4.2 Japan Pea Protein Ingredients Market by Application
9.3.5.5 South Korea Pea Protein Ingredients Market
9.3.5.5.1 South Korea Pea Protein Ingredients Market by Type
9.3.5.5.2 South Korea Pea Protein Ingredients Market by Application
9.3.5.6 Rest of Asia-Pacific Pea Protein Ingredients Market
9.3.5.6.1 Rest of Asia-Pacific Pea Protein Ingredients Market by Type
9.3.5.6.2 Rest of Asia-Pacific Pea Protein Ingredients Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Pea Protein Ingredients Market Overview
9.4.2 Middle East and Africa Pea Protein Ingredients Market Forecasts and Analysis
9.4.3 Middle East and Africa Pea Protein Ingredients Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Pea Protein Ingredients Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Pea Protein Ingredients Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Pea Protein Ingredients Market
9.4.5.1.1 South Africa Pea Protein Ingredients Market by Type
9.4.5.1.2 South Africa Pea Protein Ingredients Market by Application
9.4.5.2 Saudi Arabia Pea Protein Ingredients Market
9.4.5.2.1 Saudi Arabia Pea Protein Ingredients Market by Type
9.4.5.2.2 Saudi Arabia Pea Protein Ingredients Market by Application
9.4.5.3 U.A.E Pea Protein Ingredients Market
9.4.5.3.1 U.A.E Pea Protein Ingredients Market by Type
9.4.5.3.2 U.A.E Pea Protein Ingredients Market by Application
9.4.5.4 Rest of Middle East and Africa Pea Protein Ingredients Market
9.4.5.4.1 Rest of Middle East and Africa Pea Protein Ingredients Market by Type
9.4.5.4.2 Rest of Middle East and Africa Pea Protein Ingredients Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Pea Protein Ingredients Market Overview
9.5.2 South and Central America Pea Protein Ingredients Market Forecasts and Analysis
9.5.3 South and Central America Pea Protein Ingredients Market Forecasts and Analysis - By Type
9.5.4 South and Central America Pea Protein Ingredients Market Forecasts and Analysis - By Application
9.5.5 South and Central America Pea Protein Ingredients Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Pea Protein Ingredients Market
9.5.5.1.1 Brazil Pea Protein Ingredients Market by Type
9.5.5.1.2 Brazil Pea Protein Ingredients Market by Application
9.5.5.2 Argentina Pea Protein Ingredients Market
9.5.5.2.1 Argentina Pea Protein Ingredients Market by Type
9.5.5.2.2 Argentina Pea Protein Ingredients Market by Application
9.5.5.3 Rest of South and Central America Pea Protein Ingredients Market
9.5.5.3.1 Rest of South and Central America Pea Protein Ingredients Market by Type
9.5.5.3.2 Rest of South and Central America Pea Protein Ingredients Market by Application
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. PEA PROTEIN INGREDIENTS MARKET, KEY COMPANY PROFILES
11.1. A AND B INGREDIENTS INC
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. ARCHER DANIELS MIDLAND COMPANY
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. BURCON NUTRASCIENCE CORPORATION
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. CARGILL INCORPORATED
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. COSUCRA GROUPE WARCOING SA
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. KERRY GROUP PLC
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. NUTRI-PEA LIMITED
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. PRINOVA GROUP LLC
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. ROQUETTE FRèRES S.A.
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 SCOULAR COMPANY
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. A and B Ingredients Inc
2. Archer Daniels Midland Company
3. Burcon NutraScience Corporation
4. Cargill Incorporated
5. Cosucra Groupe Warcoing SA
6. Kerry Group PLC
7. Nutri-Pea Limited
8. Prinova Group LLC
9. Roquette Frères S.A.
10. The Scoular Company

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Food and Beverages : READ MORE..