Pet CBD Market Scope 2031
The Pet CBD Market is expected to register a CAGR of 21.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented By Source Type (Hemp, Marijuana); Indication (Bowel disorders, Sleep disorders, Cancer, Epilepsy, Others.); End-user (Veterinary Hospital Pharmacies, Pet shops, E-commerce websites)
The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
The report Pet CBD Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Pet CBD Market Segmentation
Source Type- Hemp
- Marijuana;
- Bowel disorders
- Sleep disorders
- Cancer
- Epilepsy
- Others.;
- Veterinary Hospital Pharmacies
- Pet shops
- E-commerce websites
Strategic Insights
Pet CBD Market Growth Drivers- New Consciousness About Pet Health: A new consciousness about pet health has led people to seek natural, holistic remedies such as CBD. Pet CBD products under the category that offers help in anxiety, pain, and inflammation have become highly in demand as a possible alternative medication for older-aged pets or chronic disease-ridden pets.
- Legalization of CBD Products: Legalization of CBD products in almost all the regions is contributing to the growth of the market in the pet CBD market. With the passage of time, and about the changes in rules concerning CBD, manufacturers can target a wide scope of customers. When the change is towards legalization, this creates consumer confidence to approach pet CBD for their pets.
- Rising Pet Anxiety and Health Issues: The growing cases of anxiety, arthritis, and seizures in pets have made pet owners seek cures for these common health issues. Most of these health conditions are treated with CBD. As more people become aware of the healing effects of CBD towards pet health, especially on anxiety-relieving and anti-inflammatory properties, its use has been on the rise in the pet care industry
- Expansion of Product Variety: Pet CBD is expanding as more products become available in the market, including oils, treats, capsules, and topicals that can be used by pet owners in a multitude of ways. This tends to demonstrate the growing demand for each format due to varied needs among pets-for ease of administration or specific health challenges.
- Focus on Product Transparency and Quality: Consumers increasingly care about the ingredient composition as well as where the pet CBD products are sourced. Furthermore, to build trust, companies focus on offering third-party lab testing results, transparent sourcing, and labeling. Such a trend is very essential in an industry where safety as well as efficacy is of prime importance for the pet owners themselves.
- Veterinary Adoption: As more and more studies continue to evolve and support CBD as having certain therapeutic effects on animals, veterinarians are now prescribing CBD products. The growth in professional adoption consequently fosters market acceptance that encourages pet owners to use CBD in the management of pain, anxiety, and inflammation that eventually leads to greater adoption of such products.
- International Market Growth: The market for pet CBD offers high expansion opportunities in new markets in Europe and Asia. With the continued growth of the worldwide demand for natural pet products, businesses can expand their product lines further into regions where the CBD market is still maturing and are yet to tap into still-untapped consumer demand.
- Partnership with pet care brands: The collaboration of the veterinary clinics and pet insurance providers alongside established pet care brands would unlock doors for CBD companies to reach more people. Using CBD products in already designed pet wellness programs could help create more trust with consumers and increase sales through higher visibility and credibility.
- High Demand: In pet-specific CBD products, the opportunities remain in specific formulations targeted at either types of, sizes of, or health concerns for pets. There will be dog-specific or cat-specific products or even smaller pet-specific products, each being attached to specific dosages and targeted benefits to increase efficacy while meeting the needs of individual pets, creating high demand in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pet CBD Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Pet CBD Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 market is expected to grow at a CAGR of 21.5%
Fomo Bones Canna-Pet Charlotte's Web Receptra Naturals Curaleaf Pure Spectrum Pet Releaf Diamond CBD, Inc. PotNetwork Holdings, Inc.
North America region accounts for highest revenue share of Pet CBD market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023: 2031)
Fomo Bones Canna-Pet Charlotte's Web Receptra Naturals Curaleaf Pure Spectrum Pet Releaf Diamond CBD, Inc. PotNetwork Holdings, Inc. Source: pet-cbd-market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pet CBD Market - By Source Type
1.3.2 Pet CBD Market - By Indication
1.3.3 Pet CBD Market - By End-user
1.3.4 Pet CBD Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PET CBD MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. PET CBD 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. PET CBD MARKET - GLOBAL MARKET ANALYSIS
6.1. PET CBD - GLOBAL MARKET OVERVIEW
6.2. PET CBD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE TYPE
7.1. OVERVIEW
7.2. SOURCE TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEMP
7.3.1. Overview
7.3.2. Hemp Market Forecast and Analysis
7.4. MARIJUANA
7.4.1. Overview
7.4.2. Marijuana Market Forecast and Analysis
8. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - INDICATION
8.1. OVERVIEW
8.2. INDICATION MARKET FORECASTS AND ANALYSIS
8.3. BOWEL DISORDERS
8.3.1. Overview
8.3.2. Bowel disorders Market Forecast and Analysis
8.4. SLEEP DISORDERS
8.4.1. Overview
8.4.2. Sleep disorders Market Forecast and Analysis
8.5. CANCER
8.5.1. Overview
8.5.2. Cancer Market Forecast and Analysis
8.6. EPILEPSY
8.6.1. Overview
8.6.2. Epilepsy Market Forecast and Analysis
8.7. OTHERS.
8.7.1. Overview
8.7.2. others. Market Forecast and Analysis
9. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. VETERINARY HOSPITAL PHARMACIES
9.3.1. Overview
9.3.2. Veterinary Hospital Pharmacies Market Forecast and Analysis
9.4. PET SHOPS
9.4.1. Overview
9.4.2. Pet shops Market Forecast and Analysis
9.5. E-COMMERCE WEBSITES
9.5.1. Overview
9.5.2. E-commerce websites Market Forecast and Analysis
10. PET CBD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pet CBD Market Overview
10.1.2 North America Pet CBD Market Forecasts and Analysis
10.1.3 North America Pet CBD Market Forecasts and Analysis - By Source Type
10.1.4 North America Pet CBD Market Forecasts and Analysis - By Indication
10.1.5 North America Pet CBD Market Forecasts and Analysis - By End-user
10.1.6 North America Pet CBD Market Forecasts and Analysis - By Countries
10.1.6.1 Canada Pet CBD Market
10.1.6.1.1 Canada Pet CBD Market by Source Type
10.1.6.1.2 Canada Pet CBD Market by Indication
10.1.6.1.3 Canada Pet CBD Market by End-user
10.1.6.2 Mexico Pet CBD Market
10.1.6.2.1 Mexico Pet CBD Market by Source Type
10.1.6.2.2 Mexico Pet CBD Market by Indication
10.1.6.2.3 Mexico Pet CBD Market by End-user
10.1.6.3 US Pet CBD Market
10.1.6.3.1 US Pet CBD Market by Source Type
10.1.6.3.2 US Pet CBD Market by Indication
10.1.6.3.3 US Pet CBD Market by End-user
10.2. EUROPE
10.2.1 Europe Pet CBD Market Overview
10.2.2 Europe Pet CBD Market Forecasts and Analysis
10.2.3 Europe Pet CBD Market Forecasts and Analysis - By Source Type
10.2.4 Europe Pet CBD Market Forecasts and Analysis - By Indication
10.2.5 Europe Pet CBD Market Forecasts and Analysis - By End-user
10.2.6 Europe Pet CBD Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pet CBD Market
10.2.6.1.1 Germany Pet CBD Market by Source Type
10.2.6.1.2 Germany Pet CBD Market by Indication
10.2.6.1.3 Germany Pet CBD Market by End-user
10.2.6.2 France Pet CBD Market
10.2.6.2.1 France Pet CBD Market by Source Type
10.2.6.2.2 France Pet CBD Market by Indication
10.2.6.2.3 France Pet CBD Market by End-user
10.2.6.3 Italy Pet CBD Market
10.2.6.3.1 Italy Pet CBD Market by Source Type
10.2.6.3.2 Italy Pet CBD Market by Indication
10.2.6.3.3 Italy Pet CBD Market by End-user
10.2.6.4 Spain Pet CBD Market
10.2.6.4.1 Spain Pet CBD Market by Source Type
10.2.6.4.2 Spain Pet CBD Market by Indication
10.2.6.4.3 Spain Pet CBD Market by End-user
10.2.6.5 United Kingdom Pet CBD Market
10.2.6.5.1 United Kingdom Pet CBD Market by Source Type
10.2.6.5.2 United Kingdom Pet CBD Market by Indication
10.2.6.5.3 United Kingdom Pet CBD Market by End-user
10.2.6.6 Rest of Europe Pet CBD Market
10.2.6.6.1 Rest of Europe Pet CBD Market by Source Type
10.2.6.6.2 Rest of Europe Pet CBD Market by Indication
10.2.6.6.3 Rest of Europe Pet CBD Market by End-user
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pet CBD Market Overview
10.3.2 Asia-Pacific Pet CBD Market Forecasts and Analysis
10.3.3 Asia-Pacific Pet CBD Market Forecasts and Analysis - By Source Type
10.3.4 Asia-Pacific Pet CBD Market Forecasts and Analysis - By Indication
10.3.5 Asia-Pacific Pet CBD Market Forecasts and Analysis - By End-user
10.3.6 Asia-Pacific Pet CBD Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pet CBD Market
10.3.6.1.1 Australia Pet CBD Market by Source Type
10.3.6.1.2 Australia Pet CBD Market by Indication
10.3.6.1.3 Australia Pet CBD Market by End-user
10.3.6.2 China Pet CBD Market
10.3.6.2.1 China Pet CBD Market by Source Type
10.3.6.2.2 China Pet CBD Market by Indication
10.3.6.2.3 China Pet CBD Market by End-user
10.3.6.3 India Pet CBD Market
10.3.6.3.1 India Pet CBD Market by Source Type
10.3.6.3.2 India Pet CBD Market by Indication
10.3.6.3.3 India Pet CBD Market by End-user
10.3.6.4 Japan Pet CBD Market
10.3.6.4.1 Japan Pet CBD Market by Source Type
10.3.6.4.2 Japan Pet CBD Market by Indication
10.3.6.4.3 Japan Pet CBD Market by End-user
10.3.6.5 South Korea Pet CBD Market
10.3.6.5.1 South Korea Pet CBD Market by Source Type
10.3.6.5.2 South Korea Pet CBD Market by Indication
10.3.6.5.3 South Korea Pet CBD Market by End-user
10.3.6.6 Rest of Asia-Pacific Pet CBD Market
10.3.6.6.1 Rest of Asia-Pacific Pet CBD Market by Source Type
10.3.6.6.2 Rest of Asia-Pacific Pet CBD Market by Indication
10.3.6.6.3 Rest of Asia-Pacific Pet CBD Market by End-user
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pet CBD Market Overview
10.4.2 Middle East and Africa Pet CBD Market Forecasts and Analysis
10.4.3 Middle East and Africa Pet CBD Market Forecasts and Analysis - By Source Type
10.4.4 Middle East and Africa Pet CBD Market Forecasts and Analysis - By Indication
10.4.5 Middle East and Africa Pet CBD Market Forecasts and Analysis - By End-user
10.4.6 Middle East and Africa Pet CBD Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pet CBD Market
10.4.6.1.1 South Africa Pet CBD Market by Source Type
10.4.6.1.2 South Africa Pet CBD Market by Indication
10.4.6.1.3 South Africa Pet CBD Market by End-user
10.4.6.2 Saudi Arabia Pet CBD Market
10.4.6.2.1 Saudi Arabia Pet CBD Market by Source Type
10.4.6.2.2 Saudi Arabia Pet CBD Market by Indication
10.4.6.2.3 Saudi Arabia Pet CBD Market by End-user
10.4.6.3 U.A.E Pet CBD Market
10.4.6.3.1 U.A.E Pet CBD Market by Source Type
10.4.6.3.2 U.A.E Pet CBD Market by Indication
10.4.6.3.3 U.A.E Pet CBD Market by End-user
10.4.6.4 Rest of Middle East and Africa Pet CBD Market
10.4.6.4.1 Rest of Middle East and Africa Pet CBD Market by Source Type
10.4.6.4.2 Rest of Middle East and Africa Pet CBD Market by Indication
10.4.6.4.3 Rest of Middle East and Africa Pet CBD Market by End-user
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pet CBD Market Overview
10.5.2 South and Central America Pet CBD Market Forecasts and Analysis
10.5.3 South and Central America Pet CBD Market Forecasts and Analysis - By Source Type
10.5.4 South and Central America Pet CBD Market Forecasts and Analysis - By Indication
10.5.5 South and Central America Pet CBD Market Forecasts and Analysis - By End-user
10.5.6 South and Central America Pet CBD Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pet CBD Market
10.5.6.1.1 Brazil Pet CBD Market by Source Type
10.5.6.1.2 Brazil Pet CBD Market by Indication
10.5.6.1.3 Brazil Pet CBD Market by End-user
10.5.6.2 Argentina Pet CBD Market
10.5.6.2.1 Argentina Pet CBD Market by Source Type
10.5.6.2.2 Argentina Pet CBD Market by Indication
10.5.6.2.3 Argentina Pet CBD Market by End-user
10.5.6.3 Rest of South and Central America Pet CBD Market
10.5.6.3.1 Rest of South and Central America Pet CBD Market by Source Type
10.5.6.3.2 Rest of South and Central America Pet CBD Market by Indication
10.5.6.3.3 Rest of South and Central America Pet CBD Market by End-user
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. PET CBD MARKET, KEY COMPANY PROFILES
12.1. FOMO BONES
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. CANNA-PET
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. CHARLOTTE'S WEB
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. RECEPTRA NATURALS
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. CURALEAF
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. PURE SPECTRUM
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. PET RELEAF
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. DIAMOND CBD, INC.
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. POTNETWORK HOLDINGS, INC.
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. BLUEBIRD BOTANICALS
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
1. Fomo Bones
2. Canna-Pet
3. Charlotte's Web
4. Receptra Naturals
5. Curaleaf
6. Pure Spectrum
7. Pet Releaf
8. Diamond CBD, Inc.
9. PotNetwork Holdings, Inc.
10. Bluebird Botanicals
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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