Pulse Ingredients Market Scope and Size by 2031
The pulse ingredients market is expected to register a CAGR of 4% during 2023–2031. Growing popularity of plant-based diets, pulse ingredients are increasingly used as protein sources in meat alternatives, dairy substitutes, and other plant-based products is likely to remain a key trend in the market.
Pulse Ingredients Market Analysis
- Awareness of the health benefits of pulse ingredients is a key market driver: pulses are an excellent source of protein, with fiber, vitamins, and minerals accounting for the rest. Growing consumer interest in healthy food combined with demographic changes means that pulse ingredients can help fulfill the demand for healthier, more nutritious options. Many consumers are looking to eat less meat but still rely on high-quality protein in their diet, and pulse ingredients are an excellent, plant-based alternative.
- When combined with the fact that pulse-based ingredients are so versatile (food manufacturers are using ingredients derived from pulses in everything from baked goods and snacks to plant-based meat alternatives and dairy substitutes), consumers have more options than ever when it comes to buying products made from these underutilized crops.
- Sustainability considerations are also fuelling the pulse ingredients trend. Pulse grains have a lower environmental footprint than many other crops because they require fewer water and fertilizer inputs. A growing focus on sustainable food production among consumers and companies positions pulse ingredients well for this trend.
Pulse Ingredients Market Overview
- The global pulse ingredients market is seeing growing popularity across consumers and manufacturers this year, attributed to the overall shift to plant-based diets and sustainable food sources across the globe. Pulses include lentils, chickpeas, dry beans and peas – which are nutritious and versatile in food applications.
- The increased consumer awareness of the health benefits of pulse consumption is one of the major factors fuelling the growth in the pulse ingredients market. Packed with protein, fiber, vitamins, and minerals, pulses are in high demand from consumers looking to adopt a healthier diet. This is especially true of millennial and Gen Z consumers, who are typically more inclined to opt for plant-based eating patterns compared with other demographics.
- Pulse ingredients are innovating for this niche by showing up in snacks and baked goods as well as in meat replacements and food imitations of dairy products like vegan cheeses and butter. Pulse ingredients are entering food formulations far and wide, not only for their nutritional value but also thanks to the functional properties of pulse ingredients, including their functionality to improve texture and increase water retention and binding, and their natural coloring of foods.
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Pulse Ingredients Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
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Pulse Ingredients Market Drivers and Opportunities
Rising Consumer Inclination Toward Nutritious Food Products Drives Pulse Ingredients Market
- Consumers are becoming more aware of the impact of food on health and are, therefore, looking for foods with better nutritional profiles. Pulses are an excellent source of protein and fiber and contain vitamins and minerals in plentiful amounts. They provide a plant-based protein for those who wish to reduce their consumption of meat, as well as those who follow vegetarian and vegan diets. The recent dietary shift is pushing food processors to formulate foods utilizing pulse ingredients into nearly every type of food product.
- Demand also rests on the growing awareness of how diet impacts chronic diseases – pulse ingredients have been linked to decreased risk of heart disease, assisting with weight management, and helping to level out blood sugar due to the slow digestion of carbohydrates. Tapping this growing consumer awareness and desire to access the health benefits of pulse ingredients can also keep demand alive as consumers learn more about the health benefits of such ingredients and seek out items with pulse ingredients listed on their labels.
- Clean label and nutritional labeling trends are also driving demand for pulse ingredients. Today, consumers care deeply about the ingredients in the packet and the nutrition facts tucked away at the back. Pulse ingredients' natural, nutrition-rich nature allows manufacturers to increase the nutrition content of their products while maintaining a clean label (free from artificial ingredients and heavy processing) at the same time. Artificial additives are viewed with suspicion by the increasingly health conscience consumer.
Rising Number of Vegan and Vegeterian Population
- The number of vegetarians and vegans is increasing globally and providing substantial growth prospects for the market. Pulse ingredients comprise a major part of the diet for vegetarian and vegan populations. This can lead to increased demand in the future.
- Increased preference for specialized diets among the rising health-conscious population is a key driver for the market for pulse ingredients. People are more aware of the adverse effects of the typical Western diet, such as high blood pressure, high cholesterol, and diabetes, and are consequently moving towards healthier food options.
- The versatility of pulse ingredients is especially helpful in supplying vegetarians and vegans with foods that recreate traditional animal-based products. Pulse flours, proteins, and starches are used to create the appearance, flavor, and texture that people expect from their favorite foods; many foods made from these flour ingredients allow consumers to eat and enjoy what they always have, avoiding even the slightest sense of sacrifice. The result has been the explosion in plant-based products offering creative plant-based foods with surprising similarities to our traditional favorites, and many of these foods rely on pulse ingredients.
Pulse Ingredients Market Report Segmentation Analysis
Key segments that contributed to the derivation of the pulse ingredients market analysis are type, source, and application.
- Based on type, the market is segmented into pulse flour, pulse starch, pulse protein, and others.
- In terms of source, the market is bifurcated into peas, beans, chickpeas, and lentils.
- On the basis of application, the market is segmented into food and beverages (bakery and confectionery, meat alternatives, snacks, beverages, and others), animal feed, and others.
Pulse Ingredients Market Share Analysis by Geography
- Pulse Ingredients Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering pulse ingredients market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter's analysis, which involves the study of major factors that influence the pulse ingredients market in these regions.
Pulse Ingredients Market Report Scope
Pulse Ingredients Market News and Recent Development
The pulse ingredients market is evaluated by gathering the qualitative and quantitative data post primary and secondary research, which include important corporate publication, association data, and database. The few developments in the pulse ingredients market are listed below:
- Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, today announced a revolutionary new line of ultra-performance pulse-based ingredient solutions with pristine taste, nutrition and functionally to help manufacturers deliver on increasing consumer demand for delicious plant protein-rich food in the U.S. and Canada, with other regions to follow. The first of many innovations in the new Prista line, HOMECRAFT® Prista P 101 pea flour, VITESSENCE® Prista P 155 pea protein concentrate and VITESSENCE® Prista P 360 faba bean protein concentrate facilitate the inclusion of plant protein into more applications, including instant and ready- to-eat (RTE) products to help brands heighten consumer appeal. (Ingredion Incorporated, News, September 2021)
- BENEO, one of the leading manufacturers of functional ingredients, has announced a €50 million investment in a new pulse processing site in Offstein, Germany. The site will produce protein rich pulse ingredients for food and animal feed. It will focus initially on protein concentrate, starch-rich flour and hulls from faba bean, with the option to process other pulses in the future. The new production site further strengthens the company's plant-based protein portfolio and enables BENEO to meet growing demand for plant-based food and feed ingredients. (BENEO, News, April 2022)
Pulse Ingredients Market Report Coverage and Deliverables
The " Pulse Ingredients Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Pulse ingredients market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Pulse ingredients market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Pulse ingredients market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the pulse ingredients market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global pulse ingredients market is expected to grow at a CAGR of 4% during the forecast period 2023 - 2031.
The increasing awareness about negative impact of sugar on health is one of the major factors driving the pulse ingredients market.
Rising consumer inclination toward nutritious food products pulse ingredients is anticipated to play a significant role in the global pulse ingredients market in the coming years.
The leading players operating in the pulse ingredients market are AGT Food and Ingredients Inc.; Ingredion Incorporated; Roquette Frères; The Scoular Company; Archer Daniels Midland Company (ADM); Axiom Foods, Inc.; Cosucra Groupe Warcoing SA; Emsland Group; Puris; Vestkorn Milling AS; Glanbia plc; Cargill, Incorporated; Batory Foods; Burcon NutraScience Corporation; Nutri-Pea Limited; and Anchor Ingredients Co.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Pulse Ingredients Market - By Type
1.3.2 Pulse Ingredients Market - By Source
1.3.3 Pulse Ingredients Market - By Application
1.3.4 Pulse Ingredients Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. PULSE INGREDIENTS 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. PULSE INGREDIENTS 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. PULSE INGREDIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. PULSE INGREDIENTS - GLOBAL MARKET OVERVIEW
6.2. PULSE INGREDIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PULSE INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. PULSE FLOURS
7.3.1. Overview
7.3.2. Pulse Flours Market Forecast and Analysis
7.4. PULSE STARCHES
7.4.1. Overview
7.4.2. Pulse Starches Market Forecast and Analysis
7.5. PULSE PROTEINS
7.5.1. Overview
7.5.2. Pulse Proteins Market Forecast and Analysis
7.6. AND PULSE FIBERS AND GRITS
7.6.1. Overview
7.6.2. and Pulse Fibers and Grits Market Forecast and Analysis
8. PULSE INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 – SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. PEAS
8.3.1. Overview
8.3.2. Peas Market Forecast and Analysis
8.4. BEANS
8.4.1. Overview
8.4.2. Beans Market Forecast and Analysis
8.5. CHICKPEAS
8.5.1. Overview
8.5.2. Chickpeas Market Forecast and Analysis
8.6. LENTILS
8.6.1. Overview
8.6.2. Lentils Market Forecast and Analysis
9. PULSE INGREDIENTS MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. FOOD AND BEVERAGES
9.3.1. Overview
9.3.2. Food and Beverages Market Forecast and Analysis
9.4. FEED
9.4.1. Overview
9.4.2. Feed Market Forecast and Analysis
9.5. OTHER APPLICATIONS
9.5.1. Overview
9.5.2. Other Applications Market Forecast and Analysis
10. PULSE INGREDIENTS MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Pulse Ingredients Market Overview
10.1.2 North America Pulse Ingredients Market Forecasts and Analysis
10.1.3 North America Pulse Ingredients Market Forecasts and Analysis - By Type
10.1.4 North America Pulse Ingredients Market Forecasts and Analysis - By Source
10.1.5 North America Pulse Ingredients Market Forecasts and Analysis - By Application
10.1.6 North America Pulse Ingredients Market Forecasts and Analysis - By Countries
10.1.6.1 United States Pulse Ingredients Market
10.1.6.1.1 United States Pulse Ingredients Market by Type
10.1.6.1.2 United States Pulse Ingredients Market by Source
10.1.6.1.3 United States Pulse Ingredients Market by Application
10.1.6.2 Canada Pulse Ingredients Market
10.1.6.2.1 Canada Pulse Ingredients Market by Type
10.1.6.2.2 Canada Pulse Ingredients Market by Source
10.1.6.2.3 Canada Pulse Ingredients Market by Application
10.1.6.3 Mexico Pulse Ingredients Market
10.1.6.3.1 Mexico Pulse Ingredients Market by Type
10.1.6.3.2 Mexico Pulse Ingredients Market by Source
10.1.6.3.3 Mexico Pulse Ingredients Market by Application
10.2. EUROPE
10.2.1 Europe Pulse Ingredients Market Overview
10.2.2 Europe Pulse Ingredients Market Forecasts and Analysis
10.2.3 Europe Pulse Ingredients Market Forecasts and Analysis - By Type
10.2.4 Europe Pulse Ingredients Market Forecasts and Analysis - By Source
10.2.5 Europe Pulse Ingredients Market Forecasts and Analysis - By Application
10.2.6 Europe Pulse Ingredients Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Pulse Ingredients Market
10.2.6.1.1 Germany Pulse Ingredients Market by Type
10.2.6.1.2 Germany Pulse Ingredients Market by Source
10.2.6.1.3 Germany Pulse Ingredients Market by Application
10.2.6.2 France Pulse Ingredients Market
10.2.6.2.1 France Pulse Ingredients Market by Type
10.2.6.2.2 France Pulse Ingredients Market by Source
10.2.6.2.3 France Pulse Ingredients Market by Application
10.2.6.3 Italy Pulse Ingredients Market
10.2.6.3.1 Italy Pulse Ingredients Market by Type
10.2.6.3.2 Italy Pulse Ingredients Market by Source
10.2.6.3.3 Italy Pulse Ingredients Market by Application
10.2.6.4 United Kingdom Pulse Ingredients Market
10.2.6.4.1 United Kingdom Pulse Ingredients Market by Type
10.2.6.4.2 United Kingdom Pulse Ingredients Market by Source
10.2.6.4.3 United Kingdom Pulse Ingredients Market by Application
10.2.6.5 Russia Pulse Ingredients Market
10.2.6.5.1 Russia Pulse Ingredients Market by Type
10.2.6.5.2 Russia Pulse Ingredients Market by Source
10.2.6.5.3 Russia Pulse Ingredients Market by Application
10.2.6.6 Rest of Europe Pulse Ingredients Market
10.2.6.6.1 Rest of Europe Pulse Ingredients Market by Type
10.2.6.6.2 Rest of Europe Pulse Ingredients Market by Source
10.2.6.6.3 Rest of Europe Pulse Ingredients Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Pulse Ingredients Market Overview
10.3.2 Asia-Pacific Pulse Ingredients Market Forecasts and Analysis
10.3.3 Asia-Pacific Pulse Ingredients Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Pulse Ingredients Market Forecasts and Analysis - By Source
10.3.5 Asia-Pacific Pulse Ingredients Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Pulse Ingredients Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Pulse Ingredients Market
10.3.6.1.1 Australia Pulse Ingredients Market by Type
10.3.6.1.2 Australia Pulse Ingredients Market by Source
10.3.6.1.3 Australia Pulse Ingredients Market by Application
10.3.6.2 China Pulse Ingredients Market
10.3.6.2.1 China Pulse Ingredients Market by Type
10.3.6.2.2 China Pulse Ingredients Market by Source
10.3.6.2.3 China Pulse Ingredients Market by Application
10.3.6.3 India Pulse Ingredients Market
10.3.6.3.1 India Pulse Ingredients Market by Type
10.3.6.3.2 India Pulse Ingredients Market by Source
10.3.6.3.3 India Pulse Ingredients Market by Application
10.3.6.4 Japan Pulse Ingredients Market
10.3.6.4.1 Japan Pulse Ingredients Market by Type
10.3.6.4.2 Japan Pulse Ingredients Market by Source
10.3.6.4.3 Japan Pulse Ingredients Market by Application
10.3.6.5 South Korea Pulse Ingredients Market
10.3.6.5.1 South Korea Pulse Ingredients Market by Type
10.3.6.5.2 South Korea Pulse Ingredients Market by Source
10.3.6.5.3 South Korea Pulse Ingredients Market by Application
10.3.6.6 Rest of Asia-Pacific Pulse Ingredients Market
10.3.6.6.1 Rest of Asia-Pacific Pulse Ingredients Market by Type
10.3.6.6.2 Rest of Asia-Pacific Pulse Ingredients Market by Source
10.3.6.6.3 Rest of Asia-Pacific Pulse Ingredients Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Pulse Ingredients Market Overview
10.4.2 Middle East and Africa Pulse Ingredients Market Forecasts and Analysis
10.4.3 Middle East and Africa Pulse Ingredients Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Pulse Ingredients Market Forecasts and Analysis - By Source
10.4.5 Middle East and Africa Pulse Ingredients Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Pulse Ingredients Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Pulse Ingredients Market
10.4.6.1.1 South Africa Pulse Ingredients Market by Type
10.4.6.1.2 South Africa Pulse Ingredients Market by Source
10.4.6.1.3 South Africa Pulse Ingredients Market by Application
10.4.6.2 Saudi Arabia Pulse Ingredients Market
10.4.6.2.1 Saudi Arabia Pulse Ingredients Market by Type
10.4.6.2.2 Saudi Arabia Pulse Ingredients Market by Source
10.4.6.2.3 Saudi Arabia Pulse Ingredients Market by Application
10.4.6.3 U.A.E Pulse Ingredients Market
10.4.6.3.1 U.A.E Pulse Ingredients Market by Type
10.4.6.3.2 U.A.E Pulse Ingredients Market by Source
10.4.6.3.3 U.A.E Pulse Ingredients Market by Application
10.4.6.4 Rest of Middle East and Africa Pulse Ingredients Market
10.4.6.4.1 Rest of Middle East and Africa Pulse Ingredients Market by Type
10.4.6.4.2 Rest of Middle East and Africa Pulse Ingredients Market by Source
10.4.6.4.3 Rest of Middle East and Africa Pulse Ingredients Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Pulse Ingredients Market Overview
10.5.2 South and Central America Pulse Ingredients Market Forecasts and Analysis
10.5.3 South and Central America Pulse Ingredients Market Forecasts and Analysis - By Type
10.5.4 South and Central America Pulse Ingredients Market Forecasts and Analysis - By Source
10.5.5 South and Central America Pulse Ingredients Market Forecasts and Analysis - By Application
10.5.6 South and Central America Pulse Ingredients Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Pulse Ingredients Market
10.5.6.1.1 Brazil Pulse Ingredients Market by Type
10.5.6.1.2 Brazil Pulse Ingredients Market by Source
10.5.6.1.3 Brazil Pulse Ingredients Market by Application
10.5.6.2 Argentina Pulse Ingredients Market
10.5.6.2.1 Argentina Pulse Ingredients Market by Type
10.5.6.2.2 Argentina Pulse Ingredients Market by Source
10.5.6.2.3 Argentina Pulse Ingredients Market by Application
10.5.6.3 Rest of South and Central America Pulse Ingredients Market
10.5.6.3.1 Rest of South and Central America Pulse Ingredients Market by Type
10.5.6.3.2 Rest of South and Central America Pulse Ingredients Market by Source
10.5.6.3.3 Rest of South and Central America Pulse Ingredients Market by Application
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. PULSE INGREDIENTS MARKET, KEY COMPANY PROFILES
12.1. ALLIANCE GRAIN TRADERS INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ANCHOR INGREDIENTS CO., LLC
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. BATORY FOODS
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. DIEFENBAKER SPICE AND PULSE (DIEFENBAKER SEED PROCESSORS 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. EMSLAND GROUP
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. INGREDION INCORPORATED
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ROQUETTE FRèRES
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. THE ARCHER DANIELS MIDLAND COMPANY
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THE SCOULAR COMPANY
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. VESTKORN MILLING AS
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
- Alliance Grain Traders Inc.
- Anchor Ingredients Co., LLC
- Batory Foods
- Diefenbaker Spice & Pulse (Diefenbaker Seed Processors Inc).
- Emsland Group
- Ingredion Incorporated
- Roquette Frères
- The Archer Daniels Midland Company
- The Scoular Company
- Vestkorn Milling AS
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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