Plant-Based Pork Market Developments by 2031
Pork is one of the most widely consumed meats across the globe. The ill-effects of pork slaughter resulted in the introduction of substitutes such as plant-based pork. The surging awareness regarding animal slaughter and its adverse effects on the environment forces the populace to adopt a vegan diet. The rising veganism trend has led people to consume meat alternatives. Hence, the increasing popularity of plant-based meats is anticipated to create lucrative opportunities for the global plant-based pork market.
MARKET DYNAMICS
As per the data by People for the Ethical Treatment of Animals (PETA), it is revealed that more than 121 million pigs are slaughtered each year for food in the U.S. Such activities will deplete the animal resources at a rapid speed. Rising awareness regarding the depletion rate of animals is increasing among many people, thereby creating a great demand for the plant-based pork market. Moreover, continuous research and development activities by plant-based meat manufacturers help them to offer products with better texture, aroma, longer shelf life, and better nutrition profiles. Such innovations will also lead to the plant-based pork market expansion.
MARKET SCOPE
The "Global Plant-Based Pork Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the plant-based pork market with detailed market segmentation by source, product type, distribution channel, and geography. The global plant-based pork market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant-based pork market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant-based pork market is segmented on the basis of source, product type, and distribution channel. On the basis of source, plant-based pork market is segmented into into soy, wheat, pea, and others. On the basis of product type, market is segmented into burger patties, nuggets, sausages, hot dogs, and others. On the basis of distribution channel, market is segmented into hypermarkets and supermarkets, convinience 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 plant-based pork market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plant-based pork 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 plant-based pork 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 plant-based pork 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 plant-based pork market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The plant-based pork 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 plant-based pork 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 plant-based pork market in these regions.
MARKET PLAYERS
The reports cover key developments in the plant-based pork 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 plant-based pork market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the plant-based pork market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the plant-based pork market. 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.
- ADM
- Beyond Meat
- Cargill, Inc.
- Conagra, Inc. (Gardein)
- Impossible Foods Inc.
- MorningStar Farms
- Quorn Foods
- Smithfield Foods
- Tyson Foods
- VBites Foods Ltd
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
1.3.1 Plant-Based Pork Market - By Source
1.3.2 Plant-Based Pork Market - By Product Type
1.3.3 Plant-Based Pork Market - By Distribution Channel
1.3.4 Plant-Based Pork Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PLANT-BASED PORK 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. PLANT-BASED PORK 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. PLANT-BASED PORK MARKET - GLOBAL MARKET ANALYSIS
6.1. PLANT-BASED PORK - GLOBAL MARKET OVERVIEW
6.2. PLANT-BASED PORK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLANT-BASED PORK MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. SOY
7.3.1. Overview
7.3.2. Soy Market Forecast and Analysis
7.4. WHEAT
7.4.1. Overview
7.4.2. Wheat Market Forecast and Analysis
7.5. PEA
7.5.1. Overview
7.5.2. Pea Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. PLANT-BASED PORK MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. BURGER PATTIES
8.3.1. Overview
8.3.2. Burger Patties Market Forecast and Analysis
8.4. NUGGETS
8.4.1. Overview
8.4.2. Nuggets Market Forecast and Analysis
8.5. SAUSAGES
8.5.1. Overview
8.5.2. Sausages Market Forecast and Analysis
8.6. HOT DOGS
8.6.1. Overview
8.6.2. Hot Dogs Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. PLANT-BASED PORK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKETS AND SUPERMARKETS
9.3.1. Overview
9.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
9.4. CONVINIENCE STORES
9.4.1. Overview
9.4.2. Convinience 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. PLANT-BASED PORK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Plant-Based Pork Market Overview
10.1.2 North America Plant-Based Pork Market Forecasts and Analysis
10.1.3 North America Plant-Based Pork Market Forecasts and Analysis - By Source
10.1.4 North America Plant-Based Pork Market Forecasts and Analysis - By Product Type
10.1.5 North America Plant-Based Pork Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Plant-Based Pork Market Forecasts and Analysis - By Countries
10.1.6.1 United States Plant-Based Pork Market
10.1.6.1.1 United States Plant-Based Pork Market by Source
10.1.6.1.2 United States Plant-Based Pork Market by Product Type
10.1.6.1.3 United States Plant-Based Pork Market by Distribution Channel
10.1.6.2 Canada Plant-Based Pork Market
10.1.6.2.1 Canada Plant-Based Pork Market by Source
10.1.6.2.2 Canada Plant-Based Pork Market by Product Type
10.1.6.2.3 Canada Plant-Based Pork Market by Distribution Channel
10.1.6.3 Mexico Plant-Based Pork Market
10.1.6.3.1 Mexico Plant-Based Pork Market by Source
10.1.6.3.2 Mexico Plant-Based Pork Market by Product Type
10.1.6.3.3 Mexico Plant-Based Pork Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Plant-Based Pork Market Overview
10.2.2 Europe Plant-Based Pork Market Forecasts and Analysis
10.2.3 Europe Plant-Based Pork Market Forecasts and Analysis - By Source
10.2.4 Europe Plant-Based Pork Market Forecasts and Analysis - By Product Type
10.2.5 Europe Plant-Based Pork Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Plant-Based Pork Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Plant-Based Pork Market
10.2.6.1.1 Germany Plant-Based Pork Market by Source
10.2.6.1.2 Germany Plant-Based Pork Market by Product Type
10.2.6.1.3 Germany Plant-Based Pork Market by Distribution Channel
10.2.6.2 France Plant-Based Pork Market
10.2.6.2.1 France Plant-Based Pork Market by Source
10.2.6.2.2 France Plant-Based Pork Market by Product Type
10.2.6.2.3 France Plant-Based Pork Market by Distribution Channel
10.2.6.3 Italy Plant-Based Pork Market
10.2.6.3.1 Italy Plant-Based Pork Market by Source
10.2.6.3.2 Italy Plant-Based Pork Market by Product Type
10.2.6.3.3 Italy Plant-Based Pork Market by Distribution Channel
10.2.6.4 United Kingdom Plant-Based Pork Market
10.2.6.4.1 United Kingdom Plant-Based Pork Market by Source
10.2.6.4.2 United Kingdom Plant-Based Pork Market by Product Type
10.2.6.4.3 United Kingdom Plant-Based Pork Market by Distribution Channel
10.2.6.5 Russia Plant-Based Pork Market
10.2.6.5.1 Russia Plant-Based Pork Market by Source
10.2.6.5.2 Russia Plant-Based Pork Market by Product Type
10.2.6.5.3 Russia Plant-Based Pork Market by Distribution Channel
10.2.6.6 Rest of Europe Plant-Based Pork Market
10.2.6.6.1 Rest of Europe Plant-Based Pork Market by Source
10.2.6.6.2 Rest of Europe Plant-Based Pork Market by Product Type
10.2.6.6.3 Rest of Europe Plant-Based Pork Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Plant-Based Pork Market Overview
10.3.2 Asia-Pacific Plant-Based Pork Market Forecasts and Analysis
10.3.3 Asia-Pacific Plant-Based Pork Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Plant-Based Pork Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Plant-Based Pork Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Plant-Based Pork Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Plant-Based Pork Market
10.3.6.1.1 Australia Plant-Based Pork Market by Source
10.3.6.1.2 Australia Plant-Based Pork Market by Product Type
10.3.6.1.3 Australia Plant-Based Pork Market by Distribution Channel
10.3.6.2 China Plant-Based Pork Market
10.3.6.2.1 China Plant-Based Pork Market by Source
10.3.6.2.2 China Plant-Based Pork Market by Product Type
10.3.6.2.3 China Plant-Based Pork Market by Distribution Channel
10.3.6.3 India Plant-Based Pork Market
10.3.6.3.1 India Plant-Based Pork Market by Source
10.3.6.3.2 India Plant-Based Pork Market by Product Type
10.3.6.3.3 India Plant-Based Pork Market by Distribution Channel
10.3.6.4 Japan Plant-Based Pork Market
10.3.6.4.1 Japan Plant-Based Pork Market by Source
10.3.6.4.2 Japan Plant-Based Pork Market by Product Type
10.3.6.4.3 Japan Plant-Based Pork Market by Distribution Channel
10.3.6.5 South Korea Plant-Based Pork Market
10.3.6.5.1 South Korea Plant-Based Pork Market by Source
10.3.6.5.2 South Korea Plant-Based Pork Market by Product Type
10.3.6.5.3 South Korea Plant-Based Pork Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Plant-Based Pork Market
10.3.6.6.1 Rest of Asia-Pacific Plant-Based Pork Market by Source
10.3.6.6.2 Rest of Asia-Pacific Plant-Based Pork Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Plant-Based Pork Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Plant-Based Pork Market Overview
10.4.2 Middle East and Africa Plant-Based Pork Market Forecasts and Analysis
10.4.3 Middle East and Africa Plant-Based Pork Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Plant-Based Pork Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Plant-Based Pork Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Plant-Based Pork Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Plant-Based Pork Market
10.4.6.1.1 South Africa Plant-Based Pork Market by Source
10.4.6.1.2 South Africa Plant-Based Pork Market by Product Type
10.4.6.1.3 South Africa Plant-Based Pork Market by Distribution Channel
10.4.6.2 Saudi Arabia Plant-Based Pork Market
10.4.6.2.1 Saudi Arabia Plant-Based Pork Market by Source
10.4.6.2.2 Saudi Arabia Plant-Based Pork Market by Product Type
10.4.6.2.3 Saudi Arabia Plant-Based Pork Market by Distribution Channel
10.4.6.3 U.A.E Plant-Based Pork Market
10.4.6.3.1 U.A.E Plant-Based Pork Market by Source
10.4.6.3.2 U.A.E Plant-Based Pork Market by Product Type
10.4.6.3.3 U.A.E Plant-Based Pork Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Plant-Based Pork Market
10.4.6.4.1 Rest of Middle East and Africa Plant-Based Pork Market by Source
10.4.6.4.2 Rest of Middle East and Africa Plant-Based Pork Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Plant-Based Pork Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Plant-Based Pork Market Overview
10.5.2 South and Central America Plant-Based Pork Market Forecasts and Analysis
10.5.3 South and Central America Plant-Based Pork Market Forecasts and Analysis - By Source
10.5.4 South and Central America Plant-Based Pork Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Plant-Based Pork Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Plant-Based Pork Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Plant-Based Pork Market
10.5.6.1.1 Brazil Plant-Based Pork Market by Source
10.5.6.1.2 Brazil Plant-Based Pork Market by Product Type
10.5.6.1.3 Brazil Plant-Based Pork Market by Distribution Channel
10.5.6.2 Argentina Plant-Based Pork Market
10.5.6.2.1 Argentina Plant-Based Pork Market by Source
10.5.6.2.2 Argentina Plant-Based Pork Market by Product Type
10.5.6.2.3 Argentina Plant-Based Pork Market by Distribution Channel
10.5.6.3 Rest of South and Central America Plant-Based Pork Market
10.5.6.3.1 Rest of South and Central America Plant-Based Pork Market by Source
10.5.6.3.2 Rest of South and Central America Plant-Based Pork Market by Product Type
10.5.6.3.3 Rest of South and Central America Plant-Based Pork 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. PLANT-BASED PORK MARKET, KEY COMPANY PROFILES
12.1. ADM
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. BEYOND MEAT
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. CARGILL, 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. CONAGRA, INC. (GARDEIN)
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. IMPOSSIBLE FOODS 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. MORNINGSTAR FARMS
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. QUORN FOODS
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. SMITHFIELD FOODS
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. TYSON FOODS
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. VBITES FOODS 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
1. ADM
2. Beyond Meat
3. Cargill, Inc.
4. Conagra, Inc. (Gardein)
5. Impossible Foods Inc.
6. MorningStar Farms
7. Quorn Foods
8. Smithfield Foods
9. Tyson Foods
10. VBites Foods 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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