Plant Based Protein Supplement Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Plant is one of the main protein constituent sources whereas the others include animal-based protein and synthetic protein. The consumers are these days more inclined to intake the plant-based protein over animal-based protein as many consumers choose green natural ingredients over cholesterol-rich animal-based protein, which could cause health problems. Plant protein is widely used as a nutritional supplement in proetin shakes, bars etc. Using wheat, soy, and other vegetables helps produce protein supplements that are based on plants. Some supplements give animals strength. Ingredients of plant protein are used commercially in food and beverage products, sports nutrition products, and pharmaceutical applications.
MARKET DYNAMICS
The plant based protein supplement market has witnessed a significant growth owing to factors such as rising number of vegan population which in turn is demanding more of vegan products. Additionally the rising concern of the consumers towards the health factors such as weight loss is further driving the demand of the based protein supplement market at a global level. However, the shift in the raw material cost and strict government regulation related to protein extracted especially for the GMO crops may hamper the growth of the plant based protein supplement market. There is a great outlook in the near future for this plant based protein supplement in application of food and beverages industry and thus dietary supplements may boost the market in the coming years.
MARKET SCOPE
The "Global Plant Based Protein Supplement 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 global plant based protein supplement market with detailed market segmentation by type and distribution channel and geography. The global plant based protein supplement 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 protein supplement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant based protein supplement market is segmented on the material, form, application and distribution channel. On the basis of material the plant based protein supplement market is segmented as soy, spirulina, pumpkin seed, pea, and others. On the basis of form the plant based protein supplement market is segmented as protein powder, protein bar and ready-to-drink. On the basis of application the plant based protein supplement market is segmented as sports nutrition, supplement nutrition. On the basis of distribution channel the plant based protein supplement market is segmented as Hypermarket/Supermarket, Specialty Store and online Store.
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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 protein supplement 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 global plant based protein supplement 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 global plant based protein supplement 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 protein supplement market in these regions.
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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
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 protein supplement 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 global plant based protein supplement 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 global plant based protein supplement 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 protein supplement market in these regions.
MARKET PLAYERS
The reports cover key developments in the global plant based protein supplement 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 global plant based protein supplement are anticipated to lucrative growth opportunities in the future with the rising demand for plant based protein supplement in the global market. Below mentioned is the list of few companies engaged in the global plant based protein supplement.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the global plant based protein supplement 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.
- Abbott
- AMCO Proteins
- CytoSport, Inc.
- Glanbia plc
- Iovate Health Sciences International Inc
- Kerry Group plc
- MusclePharm
- NOW Foods
- QuestNutrition
- The Nature's Bounty Co
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 Protein Supplement Market - By Material
1.3.2 Plant Based Protein Supplement Market - By Form
1.3.3 Plant Based Protein Supplement Market - By Application
1.3.4 Plant Based Protein Supplement Market - By Distribution Channel
1.3.5 Plant Based Protein Supplement Market - By Region
1.3.5.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PLANT BASED PROTEIN SUPPLEMENT 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 PROTEIN SUPPLEMENT 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. PLANT BASED PROTEIN SUPPLEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. PLANT BASED PROTEIN SUPPLEMENT - GLOBAL MARKET OVERVIEW
6.2. PLANT BASED PROTEIN SUPPLEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PLANT BASED PROTEIN SUPPLEMENT MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. SOY
7.3.1. Overview
7.3.2. Soy Market Forecast and Analysis
7.4. SPIRULINA
7.4.1. Overview
7.4.2. Spirulina Market Forecast and Analysis
7.5. PUMPKIN SEED
7.5.1. Overview
7.5.2. Pumpkin Seed Market Forecast and Analysis
7.6. PEA
7.6.1. Overview
7.6.2. Pea Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. PLANT BASED PROTEIN SUPPLEMENT MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. PROTEIN POWDER
8.3.1. Overview
8.3.2. Protein Powder Market Forecast and Analysis
8.4. PROTEIN BAR AND READY-TO-DRINK
8.4.1. Overview
8.4.2. Protein Bar and Ready-to-drink Market Forecast and Analysis
9. PLANT BASED PROTEIN SUPPLEMENT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. SPORTS NUTRITION
9.3.1. Overview
9.3.2. Sports Nutrition Market Forecast and Analysis
9.4. SUPPLEMENT NUTRITION
9.4.1. Overview
9.4.2. Supplement Nutrition Market Forecast and Analysis
10. PLANT BASED PROTEIN SUPPLEMENT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. HYPERMARKET/SUPERMARKET
10.3.1. Overview
10.3.2. Hypermarket/Supermarket Market Forecast and Analysis
10.4. SPECIALTY STORE AND ONLINE STORE
10.4.1. Overview
10.4.2. Specialty Store and online Store Market Forecast and Analysis
11. PLANT BASED PROTEIN SUPPLEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Plant Based Protein Supplement Market Overview
11.1.2 North America Plant Based Protein Supplement Market Forecasts and Analysis
11.1.3 North America Plant Based Protein Supplement Market Forecasts and Analysis - By Material
11.1.4 North America Plant Based Protein Supplement Market Forecasts and Analysis - By Form
11.1.5 North America Plant Based Protein Supplement Market Forecasts and Analysis - By Application
11.1.6 North America Plant Based Protein Supplement Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Plant Based Protein Supplement Market Forecasts and Analysis - By Countries
11.1.7.1 United States Plant Based Protein Supplement Market
11.1.7.1.1 United States Plant Based Protein Supplement Market by Material
11.1.7.1.2 United States Plant Based Protein Supplement Market by Form
11.1.7.1.3 United States Plant Based Protein Supplement Market by Application
11.1.7.1.4 United States Plant Based Protein Supplement Market by Distribution Channel
11.1.7.2 Canada Plant Based Protein Supplement Market
11.1.7.2.1 Canada Plant Based Protein Supplement Market by Material
11.1.7.2.2 Canada Plant Based Protein Supplement Market by Form
11.1.7.2.3 Canada Plant Based Protein Supplement Market by Application
11.1.7.2.4 Canada Plant Based Protein Supplement Market by Distribution Channel
11.1.7.3 Mexico Plant Based Protein Supplement Market
11.1.7.3.1 Mexico Plant Based Protein Supplement Market by Material
11.1.7.3.2 Mexico Plant Based Protein Supplement Market by Form
11.1.7.3.3 Mexico Plant Based Protein Supplement Market by Application
11.1.7.3.4 Mexico Plant Based Protein Supplement Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Plant Based Protein Supplement Market Overview
11.2.2 Europe Plant Based Protein Supplement Market Forecasts and Analysis
11.2.3 Europe Plant Based Protein Supplement Market Forecasts and Analysis - By Material
11.2.4 Europe Plant Based Protein Supplement Market Forecasts and Analysis - By Form
11.2.5 Europe Plant Based Protein Supplement Market Forecasts and Analysis - By Application
11.2.6 Europe Plant Based Protein Supplement Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Plant Based Protein Supplement Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Plant Based Protein Supplement Market
11.2.7.1.1 Germany Plant Based Protein Supplement Market by Material
11.2.7.1.2 Germany Plant Based Protein Supplement Market by Form
11.2.7.1.3 Germany Plant Based Protein Supplement Market by Application
11.2.7.1.4 Germany Plant Based Protein Supplement Market by Distribution Channel
11.2.7.2 France Plant Based Protein Supplement Market
11.2.7.2.1 France Plant Based Protein Supplement Market by Material
11.2.7.2.2 France Plant Based Protein Supplement Market by Form
11.2.7.2.3 France Plant Based Protein Supplement Market by Application
11.2.7.2.4 France Plant Based Protein Supplement Market by Distribution Channel
11.2.7.3 Italy Plant Based Protein Supplement Market
11.2.7.3.1 Italy Plant Based Protein Supplement Market by Material
11.2.7.3.2 Italy Plant Based Protein Supplement Market by Form
11.2.7.3.3 Italy Plant Based Protein Supplement Market by Application
11.2.7.3.4 Italy Plant Based Protein Supplement Market by Distribution Channel
11.2.7.4 United Kingdom Plant Based Protein Supplement Market
11.2.7.4.1 United Kingdom Plant Based Protein Supplement Market by Material
11.2.7.4.2 United Kingdom Plant Based Protein Supplement Market by Form
11.2.7.4.3 United Kingdom Plant Based Protein Supplement Market by Application
11.2.7.4.4 United Kingdom Plant Based Protein Supplement Market by Distribution Channel
11.2.7.5 Russia Plant Based Protein Supplement Market
11.2.7.5.1 Russia Plant Based Protein Supplement Market by Material
11.2.7.5.2 Russia Plant Based Protein Supplement Market by Form
11.2.7.5.3 Russia Plant Based Protein Supplement Market by Application
11.2.7.5.4 Russia Plant Based Protein Supplement Market by Distribution Channel
11.2.7.6 Rest of Europe Plant Based Protein Supplement Market
11.2.7.6.1 Rest of Europe Plant Based Protein Supplement Market by Material
11.2.7.6.2 Rest of Europe Plant Based Protein Supplement Market by Form
11.2.7.6.3 Rest of Europe Plant Based Protein Supplement Market by Application
11.2.7.6.4 Rest of Europe Plant Based Protein Supplement Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Plant Based Protein Supplement Market Overview
11.3.2 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis
11.3.3 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis - By Material
11.3.4 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis - By Form
11.3.5 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Plant Based Protein Supplement Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Plant Based Protein Supplement Market
11.3.7.1.1 Australia Plant Based Protein Supplement Market by Material
11.3.7.1.2 Australia Plant Based Protein Supplement Market by Form
11.3.7.1.3 Australia Plant Based Protein Supplement Market by Application
11.3.7.1.4 Australia Plant Based Protein Supplement Market by Distribution Channel
11.3.7.2 China Plant Based Protein Supplement Market
11.3.7.2.1 China Plant Based Protein Supplement Market by Material
11.3.7.2.2 China Plant Based Protein Supplement Market by Form
11.3.7.2.3 China Plant Based Protein Supplement Market by Application
11.3.7.2.4 China Plant Based Protein Supplement Market by Distribution Channel
11.3.7.3 India Plant Based Protein Supplement Market
11.3.7.3.1 India Plant Based Protein Supplement Market by Material
11.3.7.3.2 India Plant Based Protein Supplement Market by Form
11.3.7.3.3 India Plant Based Protein Supplement Market by Application
11.3.7.3.4 India Plant Based Protein Supplement Market by Distribution Channel
11.3.7.4 Japan Plant Based Protein Supplement Market
11.3.7.4.1 Japan Plant Based Protein Supplement Market by Material
11.3.7.4.2 Japan Plant Based Protein Supplement Market by Form
11.3.7.4.3 Japan Plant Based Protein Supplement Market by Application
11.3.7.4.4 Japan Plant Based Protein Supplement Market by Distribution Channel
11.3.7.5 South Korea Plant Based Protein Supplement Market
11.3.7.5.1 South Korea Plant Based Protein Supplement Market by Material
11.3.7.5.2 South Korea Plant Based Protein Supplement Market by Form
11.3.7.5.3 South Korea Plant Based Protein Supplement Market by Application
11.3.7.5.4 South Korea Plant Based Protein Supplement Market by Distribution Channel
11.3.7.6 Rest of Asia-Pacific Plant Based Protein Supplement Market
11.3.7.6.1 Rest of Asia-Pacific Plant Based Protein Supplement Market by Material
11.3.7.6.2 Rest of Asia-Pacific Plant Based Protein Supplement Market by Form
11.3.7.6.3 Rest of Asia-Pacific Plant Based Protein Supplement Market by Application
11.3.7.6.4 Rest of Asia-Pacific Plant Based Protein Supplement Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Plant Based Protein Supplement Market Overview
11.4.2 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis
11.4.3 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis - By Material
11.4.4 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis - By Form
11.4.5 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Plant Based Protein Supplement Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Plant Based Protein Supplement Market
11.4.7.1.1 South Africa Plant Based Protein Supplement Market by Material
11.4.7.1.2 South Africa Plant Based Protein Supplement Market by Form
11.4.7.1.3 South Africa Plant Based Protein Supplement Market by Application
11.4.7.1.4 South Africa Plant Based Protein Supplement Market by Distribution Channel
11.4.7.2 Saudi Arabia Plant Based Protein Supplement Market
11.4.7.2.1 Saudi Arabia Plant Based Protein Supplement Market by Material
11.4.7.2.2 Saudi Arabia Plant Based Protein Supplement Market by Form
11.4.7.2.3 Saudi Arabia Plant Based Protein Supplement Market by Application
11.4.7.2.4 Saudi Arabia Plant Based Protein Supplement Market by Distribution Channel
11.4.7.3 U.A.E Plant Based Protein Supplement Market
11.4.7.3.1 U.A.E Plant Based Protein Supplement Market by Material
11.4.7.3.2 U.A.E Plant Based Protein Supplement Market by Form
11.4.7.3.3 U.A.E Plant Based Protein Supplement Market by Application
11.4.7.3.4 U.A.E Plant Based Protein Supplement Market by Distribution Channel
11.4.7.4 Rest of Middle East and Africa Plant Based Protein Supplement Market
11.4.7.4.1 Rest of Middle East and Africa Plant Based Protein Supplement Market by Material
11.4.7.4.2 Rest of Middle East and Africa Plant Based Protein Supplement Market by Form
11.4.7.4.3 Rest of Middle East and Africa Plant Based Protein Supplement Market by Application
11.4.7.4.4 Rest of Middle East and Africa Plant Based Protein Supplement Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Plant Based Protein Supplement Market Overview
11.5.2 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis
11.5.3 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis - By Material
11.5.4 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis - By Form
11.5.5 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis - By Application
11.5.6 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Plant Based Protein Supplement Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Plant Based Protein Supplement Market
11.5.7.1.1 Brazil Plant Based Protein Supplement Market by Material
11.5.7.1.2 Brazil Plant Based Protein Supplement Market by Form
11.5.7.1.3 Brazil Plant Based Protein Supplement Market by Application
11.5.7.1.4 Brazil Plant Based Protein Supplement Market by Distribution Channel
11.5.7.2 Argentina Plant Based Protein Supplement Market
11.5.7.2.1 Argentina Plant Based Protein Supplement Market by Material
11.5.7.2.2 Argentina Plant Based Protein Supplement Market by Form
11.5.7.2.3 Argentina Plant Based Protein Supplement Market by Application
11.5.7.2.4 Argentina Plant Based Protein Supplement Market by Distribution Channel
11.5.7.3 Rest of South and Central America Plant Based Protein Supplement Market
11.5.7.3.1 Rest of South and Central America Plant Based Protein Supplement Market by Material
11.5.7.3.2 Rest of South and Central America Plant Based Protein Supplement Market by Form
11.5.7.3.3 Rest of South and Central America Plant Based Protein Supplement Market by Application
11.5.7.3.4 Rest of South and Central America Plant Based Protein Supplement Market by Distribution Channel
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. PLANT BASED PROTEIN SUPPLEMENT MARKET, KEY COMPANY PROFILES
13.1. ABBOTT LABORATORIES
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. AMCO PROTEINS
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CYTOSPORT, INC.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GLANBIA PLC
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. IOVATE HEALTH SCIENCES INTERNATIONAL, INC.
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. KERRY GROUP
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. MUSCLEPHARM CORPORATION
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. THE NATURE'S BOUNTY CO
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. NOW FOODS
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. QUEST NUTRITION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. Abbott Laboratories
2. AMCO Proteins
3. CytoSport, Inc.
4. Glanbia plc
5. IOVATE Health Sciences International, Inc.
6. Kerry Group
7. MusclePharm Corporation
8. The Nature's Bounty Co
9. NOW Foods
10. Quest Nutrition
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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