Pea Starch Market Updates by 2031
The pea starch market is expected to register a CAGR of 6% during 2023–2031. The rising sustainability focus and technological advancements are likely to remain a key trend in the market.
Pea Starch Market Analysis
- The global pea starch market is witnessing steady growth driven by factors such as the demand for natural and clean-label ingredients, growth in the food and pharmaceutical industries, and the rising trend of sustainable and plant-based products.
- Market players can capitalize on the growing demand for pea starch and drive its growth by taking advantage of opportunities to develop gluten free and sustainable product trends, as well as investing in R&D.
- Additionally, the nutritional benefits offered by pea starch contribute to their rising popularity in the food industry.
Pea Starch Market Overview
- Pea starch is a versatile, plant-based ingredient derived from yellow field peas. It is extracted through a process of milling, separation, and purification.
- In various food products, pea starch is commonly used as a thickening agent, stabilizer and texturizer.
- The starch is mainly composed of carbohydrates, with minimal protein and fat content.
- It's a good source of dietary fibre, which is important for the maintenance of an healthy digestion.
- The essential vitamins and minerals, such as vitamin C, vitamin K or potassium, are also present in the starch.
- Surging consumer demand for healthy ingredients in food products is fueling the pea starch market.
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Pea Starch 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.
Pea Starch 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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Pea Starch Market Drivers and Opportunities
Surging popularity of gluten-free products is expected to drive the growth of the pea starch market
- The increasing prevalence of gluten intolerance and celiac disease led to a higher demand for gluten-free ingredients, including pea starch.
- It was an attractive choice for manufacturers looking to develop gluten free products because of its gluten free nature and functional properties.
- Pea starch can be used in a wide range of gluten-free products, including baked goods, pasta, snacks, and processed foods, further supporting its market growth.
- Pea starch also aligns with the clean label trend, as it's a natural, non-GMO ingredient, which may further contribute to its increasing use in food products.
User-centered product innovation
- In order to meet the evolving needs of consumers, manufacturers in the pea starch market have been focusing on product innovation.
- This included developing modified pea starches with improved functionalities, such as enhanced stability, better texture, and increased solubility, to meet the specific requirements of various applications.
- This innovation drive enables pea starch to expand beyond its role as a simple gluten-free alternative, positioning it as a versatile and highly functional ingredient.
- Manufacturers are creating application-specific solutions that address challenges in food production, like replacing synthetic additives or enhancing gluten-free product textures, while still maintaining clean label status where possible.
Pea Starch Market Report Segmentation Analysis
Key segments that contributed to the derivation of the pea starch market analysis are grade, application, and function.
- Based on grade, the pea starch market is segmented into food, feed, and industrial.
- Based on application, the pea starch market is segmented into food and beverages, industrial, pet food, and feed.
- Based on function, the pea starch market is segmented into swine, ruminants, poultry, and others.
Pea Starch Market Share Analysis by Geography
- Pea Starch 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 starch 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 starch market in these regions.
Pea Starch Market Report Scope
Pea Starch Market News and Recent Developments
The pea starch market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the pea starch market are listed below:
- The Emsland Group has joined forces with Cosucra and Roquette to support sustainable value chains and promote the United Nations Sustainable Development Goals. To measure the environmental impact of yellow pea ingredients from wet processing, the three companies conducted a life cycle analysis in 2022. (Source: Newsletter, The Emsland Group, Apr 2024)
- Roquette, a global leader in plant-based ingredients and a leading provider of nutraceutical and pharmaceutical excipients, is set to showcase a new flexible addition to its LYCAGEL® hydroxypropyl pea starch excipient range at Vitafoods Europe 2024, along with a fresh vision for developing vegetarian and vegan dietary supplements in softgels. (Source: Newsletter, Roquette, Inc, Apr 2024)
Pea Starch Market Report Coverage and Deliverables
The “Pea Starch Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Pea starch market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Pea starch market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Pea starch 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 pea starch 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
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to country scope.
Frequently Asked Questions
The global pea starch market is expected to grow at a CAGR of 6% during the forecast period 2023 - 2031.
Surging popularity of gluten-free products is expected to drive the growth of the pea starch market.
Rising sustainability focus and technological advancements to play a significant role in the global pea starch market in the coming years.
The leading players operating in the pea starch market are Axiom Foods Inc.; Cosucra Groupe Warcoing SA; Emsland Group; Meelunie B.V.; Parrish & Heimbecker Limited; Puris.; Roquette Frères; the Scoular Company; Vestkorn Milling AS; Yantai Oreintal Protein Tech Co., Ltd.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the 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 Pea Starch Market - By Grade
1.3.2 Pea Starch Market - By Application
1.3.3 Pea Starch Market - By Function
1.3.4 Pea Starch Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PEA STARCH 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 STARCH 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. PEA STARCH MARKET - GLOBAL MARKET ANALYSIS
6.1. PEA STARCH - GLOBAL MARKET OVERVIEW
6.2. PEA STARCH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PEA STARCH MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. FOOD
7.3.1. Overview
7.3.2. Food Market Forecast and Analysis
7.4. FEED
7.4.1. Overview
7.4.2. feed Market Forecast and Analysis
7.5. INDUSTRIAL
7.5.1. Overview
7.5.2. Industrial Market Forecast and Analysis
8. PEA STARCH 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. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
8.5. PET FOOD
8.5.1. Overview
8.5.2. Pet food Market Forecast and Analysis
8.6. FEED
8.6.1. Overview
8.6.2. Feed Market Forecast and Analysis
9. PEA STARCH MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. SWINE
9.3.1. Overview
9.3.2. Swine Market Forecast and Analysis
9.4. RUMINANTS
9.4.1. Overview
9.4.2. Ruminants Market Forecast and Analysis
9.5. POULTRY
9.5.1. Overview
9.5.2. Poultry Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. PEA STARCH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pea Starch Market Overview
10.1.2 North America Pea Starch Market Forecasts and Analysis
10.1.3 North America Pea Starch Market Forecasts and Analysis - By Grade
10.1.4 North America Pea Starch Market Forecasts and Analysis - By Application
10.1.5 North America Pea Starch Market Forecasts and Analysis - By Function
10.1.6 North America Pea Starch Market Forecasts and Analysis - By Countries
10.1.6.1 United States Pea Starch Market
10.1.6.1.1 United States Pea Starch Market by Grade
10.1.6.1.2 United States Pea Starch Market by Application
10.1.6.1.3 United States Pea Starch Market by Function
10.1.6.2 Canada Pea Starch Market
10.1.6.2.1 Canada Pea Starch Market by Grade
10.1.6.2.2 Canada Pea Starch Market by Application
10.1.6.2.3 Canada Pea Starch Market by Function
10.1.6.3 Mexico Pea Starch Market
10.1.6.3.1 Mexico Pea Starch Market by Grade
10.1.6.3.2 Mexico Pea Starch Market by Application
10.1.6.3.3 Mexico Pea Starch Market by Function
10.2. EUROPE
10.2.1 Europe Pea Starch Market Overview
10.2.2 Europe Pea Starch Market Forecasts and Analysis
10.2.3 Europe Pea Starch Market Forecasts and Analysis - By Grade
10.2.4 Europe Pea Starch Market Forecasts and Analysis - By Application
10.2.5 Europe Pea Starch Market Forecasts and Analysis - By Function
10.2.6 Europe Pea Starch Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pea Starch Market
10.2.6.1.1 Germany Pea Starch Market by Grade
10.2.6.1.2 Germany Pea Starch Market by Application
10.2.6.1.3 Germany Pea Starch Market by Function
10.2.6.2 France Pea Starch Market
10.2.6.2.1 France Pea Starch Market by Grade
10.2.6.2.2 France Pea Starch Market by Application
10.2.6.2.3 France Pea Starch Market by Function
10.2.6.3 Italy Pea Starch Market
10.2.6.3.1 Italy Pea Starch Market by Grade
10.2.6.3.2 Italy Pea Starch Market by Application
10.2.6.3.3 Italy Pea Starch Market by Function
10.2.6.4 United Kingdom Pea Starch Market
10.2.6.4.1 United Kingdom Pea Starch Market by Grade
10.2.6.4.2 United Kingdom Pea Starch Market by Application
10.2.6.4.3 United Kingdom Pea Starch Market by Function
10.2.6.5 Russia Pea Starch Market
10.2.6.5.1 Russia Pea Starch Market by Grade
10.2.6.5.2 Russia Pea Starch Market by Application
10.2.6.5.3 Russia Pea Starch Market by Function
10.2.6.6 Rest of Europe Pea Starch Market
10.2.6.6.1 Rest of Europe Pea Starch Market by Grade
10.2.6.6.2 Rest of Europe Pea Starch Market by Application
10.2.6.6.3 Rest of Europe Pea Starch Market by Function
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pea Starch Market Overview
10.3.2 Asia-Pacific Pea Starch Market Forecasts and Analysis
10.3.3 Asia-Pacific Pea Starch Market Forecasts and Analysis - By Grade
10.3.4 Asia-Pacific Pea Starch Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Pea Starch Market Forecasts and Analysis - By Function
10.3.6 Asia-Pacific Pea Starch Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pea Starch Market
10.3.6.1.1 Australia Pea Starch Market by Grade
10.3.6.1.2 Australia Pea Starch Market by Application
10.3.6.1.3 Australia Pea Starch Market by Function
10.3.6.2 China Pea Starch Market
10.3.6.2.1 China Pea Starch Market by Grade
10.3.6.2.2 China Pea Starch Market by Application
10.3.6.2.3 China Pea Starch Market by Function
10.3.6.3 India Pea Starch Market
10.3.6.3.1 India Pea Starch Market by Grade
10.3.6.3.2 India Pea Starch Market by Application
10.3.6.3.3 India Pea Starch Market by Function
10.3.6.4 Japan Pea Starch Market
10.3.6.4.1 Japan Pea Starch Market by Grade
10.3.6.4.2 Japan Pea Starch Market by Application
10.3.6.4.3 Japan Pea Starch Market by Function
10.3.6.5 South Korea Pea Starch Market
10.3.6.5.1 South Korea Pea Starch Market by Grade
10.3.6.5.2 South Korea Pea Starch Market by Application
10.3.6.5.3 South Korea Pea Starch Market by Function
10.3.6.6 Rest of Asia-Pacific Pea Starch Market
10.3.6.6.1 Rest of Asia-Pacific Pea Starch Market by Grade
10.3.6.6.2 Rest of Asia-Pacific Pea Starch Market by Application
10.3.6.6.3 Rest of Asia-Pacific Pea Starch Market by Function
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pea Starch Market Overview
10.4.2 Middle East and Africa Pea Starch Market Forecasts and Analysis
10.4.3 Middle East and Africa Pea Starch Market Forecasts and Analysis - By Grade
10.4.4 Middle East and Africa Pea Starch Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Pea Starch Market Forecasts and Analysis - By Function
10.4.6 Middle East and Africa Pea Starch Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pea Starch Market
10.4.6.1.1 South Africa Pea Starch Market by Grade
10.4.6.1.2 South Africa Pea Starch Market by Application
10.4.6.1.3 South Africa Pea Starch Market by Function
10.4.6.2 Saudi Arabia Pea Starch Market
10.4.6.2.1 Saudi Arabia Pea Starch Market by Grade
10.4.6.2.2 Saudi Arabia Pea Starch Market by Application
10.4.6.2.3 Saudi Arabia Pea Starch Market by Function
10.4.6.3 U.A.E Pea Starch Market
10.4.6.3.1 U.A.E Pea Starch Market by Grade
10.4.6.3.2 U.A.E Pea Starch Market by Application
10.4.6.3.3 U.A.E Pea Starch Market by Function
10.4.6.4 Rest of Middle East and Africa Pea Starch Market
10.4.6.4.1 Rest of Middle East and Africa Pea Starch Market by Grade
10.4.6.4.2 Rest of Middle East and Africa Pea Starch Market by Application
10.4.6.4.3 Rest of Middle East and Africa Pea Starch Market by Function
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pea Starch Market Overview
10.5.2 South and Central America Pea Starch Market Forecasts and Analysis
10.5.3 South and Central America Pea Starch Market Forecasts and Analysis - By Grade
10.5.4 South and Central America Pea Starch Market Forecasts and Analysis - By Application
10.5.5 South and Central America Pea Starch Market Forecasts and Analysis - By Function
10.5.6 South and Central America Pea Starch Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pea Starch Market
10.5.6.1.1 Brazil Pea Starch Market by Grade
10.5.6.1.2 Brazil Pea Starch Market by Application
10.5.6.1.3 Brazil Pea Starch Market by Function
10.5.6.2 Argentina Pea Starch Market
10.5.6.2.1 Argentina Pea Starch Market by Grade
10.5.6.2.2 Argentina Pea Starch Market by Application
10.5.6.2.3 Argentina Pea Starch Market by Function
10.5.6.3 Rest of South and Central America Pea Starch Market
10.5.6.3.1 Rest of South and Central America Pea Starch Market by Grade
10.5.6.3.2 Rest of South and Central America Pea Starch Market by Application
10.5.6.3.3 Rest of South and Central America Pea Starch Market by Function
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. PEA STARCH MARKET, KEY COMPANY PROFILES
12.1. AXIOM FOODS INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. COSUCRA GROUPE WARCOING SA
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. EMSLAND GROUP
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. MEELUNIE B.V.
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. PARRISH AND HEIMBECKER LIMITED
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. PURIS.
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. ROQUETTE FRèRES
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. THE SCOULAR COMPANY
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. VESTKORN MILLING 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. YANTAI OREINTAL PROTEIN TECH CO., LTD.
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.Axiom Foods Inc.
2.Cosucra Groupe Warcoing SA
3.Emsland Group
4.Meelunie B.V.
5.Parrish and Heimbecker Limited
6.Puris.
7.Roquette Frères
8.The Scoular Company
9.Vestkorn Milling AS
10.Yantai Oreintal Protein Tech Co., Ltd.
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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