Pet Dietary Supplements Market Dynamics 2021-2031
Pet dietary supplements refer to formulated food that helps in improving the nutritive imbalances in pets. These supplements constitute of important nutrients that help in strengthening the immune system in pet. These supplements also reduce the risk of cancer, diabetes, heart disease and inflammation in animals. The pet owners now a days are becoming more and more concerned about the health and well-being of their pets. The consumption of such dietary supplements strengthen the joints, protect the skin and hair of pets. The pet dietary supplements mainly include glucosamine and chondroitin that helps in the treatment of arthritis issues in animals.
MARKET DYNAMICS
The ability of pet dietary supplements to treat various types of allergies, anxiety and digestive issues in pet drives the growth of pet dietary supplements market. Besides this, changes in socio-economic aspects and rising inclination towards humanization to animals also drive the market growth. However, lack in awareness about the benefits of pet dietary supplements restrict the fruitful development of the pet dietary supplements market. The upsurge in the trend for raw food feeding and natural supplements for the pets is expected to bolster well the market for pet dietary supplements in the near future.
MARKET SCOPE
The "Global Pet Dietary Supplements Market Analysis to 2031" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pet dietary supplements market with detailed market segmentation by pet type, form, distribution channel and geography. The global pet dietary supplements market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading pet dietary supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global pet dietary supplements market is segmented on the basis of pet type, form and distribution channel. On the basis of pet type, the pet dietary supplements market is segmented into cat, dogs, horses and others. The pet dietary supplements market on the basis of form is broken into tablets & capsules, powder, spray and others. The market as per distribution channel is bifurcated into supermarkets & hypermarkets, specialty stores, online and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pet dietary supplements market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pet dietary supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the pet dietary supplements market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pet dietary supplements market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global pet dietary supplements market based on various segments. It also provides market size and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The pet dietary supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the pet dietary supplements market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the pet dietary supplements market in these regions.
MARKET PLAYERS
The reports cover key developments in the pet dietary supplements market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from pet dietary supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for pet dietary supplements market in the global market. Below mentioned is the list of few companies engaged in the pet dietary supplements market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food binders. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Ark Naturals Co.
- Boehringer Ingelheim International GmbH
- Kemin Industries, Inc.
- NOW Health Group Inc.
- Nutramax Laboratories Inc.
- Nutri-Pet Research Inc.
- Only Natural Pet
- Virbac
- Wellpet LLC
- Zoetis Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- 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.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Pet Dietary Supplements Market - By Pet Type
1.3.2Pet Dietary Supplements Market - By Form
1.3.3Pet Dietary Supplements Market - By Distribution Channel
1.3.4Pet Dietary Supplements Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PET DIETARY SUPPLEMENTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PET DIETARY SUPPLEMENTS 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 DIETARY SUPPLEMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.PET DIETARY SUPPLEMENTS - GLOBAL MARKET OVERVIEW
6.2.PET DIETARY SUPPLEMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PET DIETARY SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 " PET TYPE
7.1.OVERVIEW
7.2.PET TYPE MARKET FORECASTS AND ANALYSIS
7.3.CAT
7.3.1.Overview
7.3.2.Cat Market Forecast and Analysis
7.4.DOGS
7.4.1.Overview
7.4.2.Dogs Market Forecast and Analysis
7.5.HORSES
7.5.1.Overview
7.5.2.Horses Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.PET DIETARY SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 " FORM
8.1.OVERVIEW
8.2.FORM MARKET FORECASTS AND ANALYSIS
8.3.TABLETS AND CAPSULES
8.3.1.Overview
8.3.2.Tablets and Capsules Market Forecast and Analysis
8.4.POWDER
8.4.1.Overview
8.4.2.Powder Market Forecast and Analysis
8.5.SPRAY
8.5.1.Overview
8.5.2.Spray Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.PET DIETARY SUPPLEMENTS MARKET - REVENUE AND FORECASTS TO 2028 " DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.SUPERMARKETS AND HYPERMARKETS
9.3.1.Overview
9.3.2.Supermarkets and Hypermarkets Market Forecast and Analysis
9.4.SPECIALTY STORES
9.4.1.Overview
9.4.2.Specialty Stores Market Forecast and Analysis
9.5.ONLINE
9.5.1.Overview
9.5.2.Online Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.PET DIETARY SUPPLEMENTS MARKET REVENUE AND FORECASTS TO 2028 " GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Pet Dietary Supplements Market Overview
10.1.2North America Pet Dietary Supplements Market Forecasts and Analysis
10.1.3North America Pet Dietary Supplements Market Forecasts and Analysis - By Pet Type
10.1.4North America Pet Dietary Supplements Market Forecasts and Analysis - By Form
10.1.5North America Pet Dietary Supplements Market Forecasts and Analysis - By Distribution Channel
10.1.6North America Pet Dietary Supplements Market Forecasts and Analysis - By Countries
10.1.6.1United States Pet Dietary Supplements Market
10.1.6.1.1United States Pet Dietary Supplements Market by Pet Type
10.1.6.1.2United States Pet Dietary Supplements Market by Form
10.1.6.1.3United States Pet Dietary Supplements Market by Distribution Channel
10.1.6.2Canada Pet Dietary Supplements Market
10.1.6.2.1Canada Pet Dietary Supplements Market by Pet Type
10.1.6.2.2Canada Pet Dietary Supplements Market by Form
10.1.6.2.3Canada Pet Dietary Supplements Market by Distribution Channel
10.1.6.3Mexico Pet Dietary Supplements Market
10.1.6.3.1Mexico Pet Dietary Supplements Market by Pet Type
10.1.6.3.2Mexico Pet Dietary Supplements Market by Form
10.1.6.3.3Mexico Pet Dietary Supplements Market by Distribution Channel
10.2.EUROPE
10.2.1Europe Pet Dietary Supplements Market Overview
10.2.2Europe Pet Dietary Supplements Market Forecasts and Analysis
10.2.3Europe Pet Dietary Supplements Market Forecasts and Analysis - By Pet Type
10.2.4Europe Pet Dietary Supplements Market Forecasts and Analysis - By Form
10.2.5Europe Pet Dietary Supplements Market Forecasts and Analysis - By Distribution Channel
10.2.6Europe Pet Dietary Supplements Market Forecasts and Analysis - By Countries
10.2.6.1Germany Pet Dietary Supplements Market
10.2.6.1.1Germany Pet Dietary Supplements Market by Pet Type
10.2.6.1.2Germany Pet Dietary Supplements Market by Form
10.2.6.1.3Germany Pet Dietary Supplements Market by Distribution Channel
10.2.6.2France Pet Dietary Supplements Market
10.2.6.2.1France Pet Dietary Supplements Market by Pet Type
10.2.6.2.2France Pet Dietary Supplements Market by Form
10.2.6.2.3France Pet Dietary Supplements Market by Distribution Channel
10.2.6.3Italy Pet Dietary Supplements Market
10.2.6.3.1Italy Pet Dietary Supplements Market by Pet Type
10.2.6.3.2Italy Pet Dietary Supplements Market by Form
10.2.6.3.3Italy Pet Dietary Supplements Market by Distribution Channel
10.2.6.4United Kingdom Pet Dietary Supplements Market
10.2.6.4.1United Kingdom Pet Dietary Supplements Market by Pet Type
10.2.6.4.2United Kingdom Pet Dietary Supplements Market by Form
10.2.6.4.3United Kingdom Pet Dietary Supplements Market by Distribution Channel
10.2.6.5Russia Pet Dietary Supplements Market
10.2.6.5.1Russia Pet Dietary Supplements Market by Pet Type
10.2.6.5.2Russia Pet Dietary Supplements Market by Form
10.2.6.5.3Russia Pet Dietary Supplements Market by Distribution Channel
10.2.6.6Rest of Europe Pet Dietary Supplements Market
10.2.6.6.1Rest of Europe Pet Dietary Supplements Market by Pet Type
10.2.6.6.2Rest of Europe Pet Dietary Supplements Market by Form
10.2.6.6.3Rest of Europe Pet Dietary Supplements Market by Distribution Channel
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Pet Dietary Supplements Market Overview
10.3.2Asia-Pacific Pet Dietary Supplements Market Forecasts and Analysis
10.3.3Asia-Pacific Pet Dietary Supplements Market Forecasts and Analysis - By Pet Type
10.3.4Asia-Pacific Pet Dietary Supplements Market Forecasts and Analysis - By Form
10.3.5Asia-Pacific Pet Dietary Supplements Market Forecasts and Analysis - By Distribution Channel
10.3.6Asia-Pacific Pet Dietary Supplements Market Forecasts and Analysis - By Countries
10.3.6.1Australia Pet Dietary Supplements Market
10.3.6.1.1Australia Pet Dietary Supplements Market by Pet Type
10.3.6.1.2Australia Pet Dietary Supplements Market by Form
10.3.6.1.3Australia Pet Dietary Supplements Market by Distribution Channel
10.3.6.2China Pet Dietary Supplements Market
10.3.6.2.1China Pet Dietary Supplements Market by Pet Type
10.3.6.2.2China Pet Dietary Supplements Market by Form
10.3.6.2.3China Pet Dietary Supplements Market by Distribution Channel
10.3.6.3India Pet Dietary Supplements Market
10.3.6.3.1India Pet Dietary Supplements Market by Pet Type
10.3.6.3.2India Pet Dietary Supplements Market by Form
10.3.6.3.3India Pet Dietary Supplements Market by Distribution Channel
10.3.6.4Japan Pet Dietary Supplements Market
10.3.6.4.1Japan Pet Dietary Supplements Market by Pet Type
10.3.6.4.2Japan Pet Dietary Supplements Market by Form
10.3.6.4.3Japan Pet Dietary Supplements Market by Distribution Channel
10.3.6.5South Korea Pet Dietary Supplements Market
10.3.6.5.1South Korea Pet Dietary Supplements Market by Pet Type
10.3.6.5.2South Korea Pet Dietary Supplements Market by Form
10.3.6.5.3South Korea Pet Dietary Supplements Market by Distribution Channel
10.3.6.6Rest of Asia-Pacific Pet Dietary Supplements Market
10.3.6.6.1Rest of Asia-Pacific Pet Dietary Supplements Market by Pet Type
10.3.6.6.2Rest of Asia-Pacific Pet Dietary Supplements Market by Form
10.3.6.6.3Rest of Asia-Pacific Pet Dietary Supplements Market by Distribution Channel
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Pet Dietary Supplements Market Overview
10.4.2Middle East and Africa Pet Dietary Supplements Market Forecasts and Analysis
10.4.3Middle East and Africa Pet Dietary Supplements Market Forecasts and Analysis - By Pet Type
10.4.4Middle East and Africa Pet Dietary Supplements Market Forecasts and Analysis - By Form
10.4.5Middle East and Africa Pet Dietary Supplements Market Forecasts and Analysis - By Distribution Channel
10.4.6Middle East and Africa Pet Dietary Supplements Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Pet Dietary Supplements Market
10.4.6.1.1South Africa Pet Dietary Supplements Market by Pet Type
10.4.6.1.2South Africa Pet Dietary Supplements Market by Form
10.4.6.1.3South Africa Pet Dietary Supplements Market by Distribution Channel
10.4.6.2Saudi Arabia Pet Dietary Supplements Market
10.4.6.2.1Saudi Arabia Pet Dietary Supplements Market by Pet Type
10.4.6.2.2Saudi Arabia Pet Dietary Supplements Market by Form
10.4.6.2.3Saudi Arabia Pet Dietary Supplements Market by Distribution Channel
10.4.6.3U.A.E Pet Dietary Supplements Market
10.4.6.3.1U.A.E Pet Dietary Supplements Market by Pet Type
10.4.6.3.2U.A.E Pet Dietary Supplements Market by Form
10.4.6.3.3U.A.E Pet Dietary Supplements Market by Distribution Channel
10.4.6.4Rest of Middle East and Africa Pet Dietary Supplements Market
10.4.6.4.1Rest of Middle East and Africa Pet Dietary Supplements Market by Pet Type
10.4.6.4.2Rest of Middle East and Africa Pet Dietary Supplements Market by Form
10.4.6.4.3Rest of Middle East and Africa Pet Dietary Supplements Market by Distribution Channel
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Pet Dietary Supplements Market Overview
10.5.2South and Central America Pet Dietary Supplements Market Forecasts and Analysis
10.5.3South and Central America Pet Dietary Supplements Market Forecasts and Analysis - By Pet Type
10.5.4South and Central America Pet Dietary Supplements Market Forecasts and Analysis - By Form
10.5.5South and Central America Pet Dietary Supplements Market Forecasts and Analysis - By Distribution Channel
10.5.6South and Central America Pet Dietary Supplements Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Pet Dietary Supplements Market
10.5.6.1.1Brazil Pet Dietary Supplements Market by Pet Type
10.5.6.1.2Brazil Pet Dietary Supplements Market by Form
10.5.6.1.3Brazil Pet Dietary Supplements Market by Distribution Channel
10.5.6.2Argentina Pet Dietary Supplements Market
10.5.6.2.1Argentina Pet Dietary Supplements Market by Pet Type
10.5.6.2.2Argentina Pet Dietary Supplements Market by Form
10.5.6.2.3Argentina Pet Dietary Supplements Market by Distribution Channel
10.5.6.3Rest of South and Central America Pet Dietary Supplements Market
10.5.6.3.1Rest of South and Central America Pet Dietary Supplements Market by Pet Type
10.5.6.3.2Rest of South and Central America Pet Dietary Supplements Market by Form
10.5.6.3.3Rest of South and Central America Pet Dietary Supplements 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.PET DIETARY SUPPLEMENTS MARKET, KEY COMPANY PROFILES
12.1.ARK NATURALS CO.
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.BOEHRINGER INGELHEIM INTERNATIONAL GMBH
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.KEMIN INDUSTRIES, INC.
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.NOW HEALTH GROUP INC.
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.NUTRAMAX LABORATORIES INC.
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.NUTRI-PET RESEARCH INC.
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.ONLY NATURAL PET
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.VIRBAC
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.WELLPET LLC
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.ZOETIS INC.
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. Ark Naturals Co.
2. Boehringer Ingelheim International GmbH
3. Kemin Industries, Inc.
4. NOW Health Group Inc.
5. Nutramax Laboratories Inc.
6. Nutri-Pet Research Inc.
7. Only Natural Pet
8. Virbac
9. Wellpet LLC
10. Zoetis Inc.
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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