Sandalwood Extract Market Drivers, Opportunities, Trends, and Forecasts by 2031

Coverage: Sandalwood Extract Market covers analysis By Type (Natural, Synthetic); Application (Personal Care, Aromatherapy, Pharmaceuticals, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00025660
  • Category : Chemicals and Materials
  • No. of Pages : 150
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The Sandalwood Extract Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The sandalwood extract market report is segmented by type (natural and synthetic). The market is segmented based on application (aromatherapy, pharmaceuticals and nutraceuticals, personal care, and others). The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis, segments, regions, and countries. The report covers market trends, as well as market dynamics such as drivers, restraints, and key opportunities. The report also covers industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the market.

Purpose of the Report

The report Sandalwood Extract Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Sandalwood Extract Market Segmentation

Type
  • Natural and Synthetic
Application
  • Aromatherapy
  • Pharmaceuticals and Nutraceuticals
  • Personal Care

Strategic Insights

Sandalwood Extract Market Growth Drivers
  • Growing preference for natural products: The increasing consumer preference for natural and organic products, more so in fragrance and personal care products, is a major factor fueling the growth of the sandalwood extracts market. The wood of the sandalwood, owing to its heavy, woody, and long-lasting fragrance, is widely used in perfumes, cosmetics, and aromatherapy products. With increased sophistication among consumers in the types of products they consume, the use of synthetic ingredients has driven up the consumption of used extracts of sandalwood and other raw materials, especially in premium and luxury markets. Also, due to the rising need for aromatherapy for relieving stress, and even relaxation, there has been an increasing application of sandalwood oils in diffusers, candles, and massage oil.
  • Growing awareness of the benefits of sandalwood: The utilization of sandalwood extract in many spheres is also determined by its calming, relaxing, and clarifying properties. This has made it an important constituent of wellness and spa products that are gaining traction almost everywhere. This is due to the growing number of wellness centers, spas and even resorts, mostly in the Asia Pacific and the Western markets, hence, the increasing uptake of sandalwood products such as essential oils, incense, and creams. With the increasing levels of stress and sickness, many people are looking for wellness treatments and this is an advantage to the market of sandalwood extracts.
  • Medicinal effects of sandalwood: Sandalwood has a history of treatment for a variety of disorders from ancient Indian and Chinese medicines. It was used for its anti-inflammatory, antiseptic, and relaxing effects. The substance is thought to be beneficial for the stomach, the skin, and the breathing apparatus. As the people’s belief system improves about alternative medicine and all — encompassing health practices, so too increases the infusion, application, and incorporation of sandalwood in more and more therapies.
Sandalwood Extract Market Future Trends
  • Focus on ethical practices in production: Indian Sandalwood (Santalum album) and overharvesting have raised sustainable sandalwood production concerns. As a design solution, the attention towards ethical practices and sustainable sourcing has increased. Countries like India and Australia are also developing controlled plantation programs and undertaking the rehabilitation of sandalwood forests. As consumers and brands begin to embrace sustainability in their business practices, there will be a more heightened focus on the sourcing of sandalwood that is traceable, fair trade certified and eco-friendly.
  • Technological advancements in extraction: There is a high possibility that the current technological advancements in extraction, among other factors, will determine how the market for sandalwood extracts will be in the future. The traditional steam distillation method of extraction is now being replaced by more advanced methods of extraction, such as supercritical fluid extraction and CO2 extraction methods, where essential oils are purer and more yield is obtained. Here, the techniques also limit the amount of wastage produced and help in making the extraction process more environmentally friendly. In the near future, as most of the production processes become modernized, these new processes of extracting oils from sandalwood are likely to be readily available for use, resulting in cheaper and greener customized products of sandalwood.
  • Demand for personalized beauty products: Another key driver is the ongoing trend towards personalization and the need for more tailored beauty and fragrance products. This is when consumers want a unique fragrance, and not the already blended ones, a skincare every individual wants based on their skin type ad personal whims. More so, given its unique and adaptable fragrance, Sandalwood will definitely be in high demand.
Sandalwood Extract Market Opportunities
  • Usage in fragrances: Sandalwood, a smooth woody note with a pleasing scent, is a popular raw material used in several expensive perfumes and premium-fragranced products with beauty-enhancing chemicals. The luxury perfumes market, which is mainly driven by a growing proclivity for prestige fragrances, especially in developing countries like China and India, presents sandalwood extract suppliers with the strategic opportunity to fulfill the demand. The natural and organic trend in fragrances is strong and healthy in the premium segment of fragrance ingredients, which makes sandalwood an important component in fragrances, benedictions, and body care collections.
  • Potential growth in emerging economies: Emerging economies, particularly Asia-Pacific economies, are growing faster economically; more people are moving to the cities, and more and more people are entering the middle class with greater purchasing power. There is a growing demand in these areas for luxury items, wellness products, and skin care services. There exists a vast market potential in countries like India, China, and Japan which are absorbing substantially sandalwood-based products. As well, there is a growing trend in the number of wellness and spa centers established in these countries.

Market Report Scope

Key Selling Points

  • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Sandalwood Extract Market, providing a holistic landscape.
  • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
  • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
  • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

The research report on the Sandalwood Extract Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

REGIONAL FRAMEWORK
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Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

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to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

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to country scope.

Frequently Asked Questions


What is the future trend for sandalwood extract market?

Technological innovations in sandalwood extraction is expected to be the key market trends.

Which is the fastest growing segment based on application?

Based on application, the personal care segment is expected to witness the fastest growth during the forecast period.

Based on geography, which region held the largest share of the sandalwood extract market?

Based on geography, Asia Pacific held the largest share of the sandalwood extract market due to the strong growth of the personal care and pharmaceuticals industry in the region.

What are the driving factors impacting the sandalwood extract market ?

Rising demand for natural fragrances and aromatherapy products is driving the market growth.

What are the key players operating in the sandalwood extract market?

Quintis, Mercer, Essentially Australia, Augustus Oils Ltd, Berje Inc, BOC Sciences, Bontoux SAS, Jedwards International Inc, Excellentia International, and Global Essence USA Inc are the key players operating in the sandalwood extract market.

What is the expected CAGR of the Sandalwood Extract Market?

The Sandalwood Extract Market is estimated to witness a CAGR of 5% from 2023 to 2031

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 Sandalwood Extract Market - By Type
1.3.2 Sandalwood Extract Market - By Application
1.3.3 Sandalwood Extract Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SANDALWOOD EXTRACT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. SANDALWOOD EXTRACT 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. SANDALWOOD EXTRACT MARKET - GLOBAL MARKET ANALYSIS
6.1. SANDALWOOD EXTRACT - GLOBAL MARKET OVERVIEW
6.2. SANDALWOOD EXTRACT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SANDALWOOD EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. NATURAL
7.3.1. Overview
7.3.2. Natural Market Forecast and Analysis
7.4. SYNTHETIC
7.4.1. Overview
7.4.2. Synthetic Market Forecast and Analysis
8. SANDALWOOD EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PERSONAL CARE
8.3.1. Overview
8.3.2. Personal Care Market Forecast and Analysis
8.4. AROMATHERAPY
8.4.1. Overview
8.4.2. Aromatherapy Market Forecast and Analysis
8.5. PHARMACEUTICALS
8.5.1. Overview
8.5.2. Pharmaceuticals Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. SANDALWOOD EXTRACT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sandalwood Extract Market Overview
9.1.2 North America Sandalwood Extract Market Forecasts and Analysis
9.1.3 North America Sandalwood Extract Market Forecasts and Analysis - By Type
9.1.4 North America Sandalwood Extract Market Forecasts and Analysis - By Application
9.1.5 North America Sandalwood Extract Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sandalwood Extract Market
9.1.5.1.1 United States Sandalwood Extract Market by Type
9.1.5.1.2 United States Sandalwood Extract Market by Application
9.1.5.2 Canada Sandalwood Extract Market
9.1.5.2.1 Canada Sandalwood Extract Market by Type
9.1.5.2.2 Canada Sandalwood Extract Market by Application
9.1.5.3 Mexico Sandalwood Extract Market
9.1.5.3.1 Mexico Sandalwood Extract Market by Type
9.1.5.3.2 Mexico Sandalwood Extract Market by Application
9.2. EUROPE
9.2.1 Europe Sandalwood Extract Market Overview
9.2.2 Europe Sandalwood Extract Market Forecasts and Analysis
9.2.3 Europe Sandalwood Extract Market Forecasts and Analysis - By Type
9.2.4 Europe Sandalwood Extract Market Forecasts and Analysis - By Application
9.2.5 Europe Sandalwood Extract Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sandalwood Extract Market
9.2.5.1.1 Germany Sandalwood Extract Market by Type
9.2.5.1.2 Germany Sandalwood Extract Market by Application
9.2.5.2 France Sandalwood Extract Market
9.2.5.2.1 France Sandalwood Extract Market by Type
9.2.5.2.2 France Sandalwood Extract Market by Application
9.2.5.3 Italy Sandalwood Extract Market
9.2.5.3.1 Italy Sandalwood Extract Market by Type
9.2.5.3.2 Italy Sandalwood Extract Market by Application
9.2.5.4 United Kingdom Sandalwood Extract Market
9.2.5.4.1 United Kingdom Sandalwood Extract Market by Type
9.2.5.4.2 United Kingdom Sandalwood Extract Market by Application
9.2.5.5 Russia Sandalwood Extract Market
9.2.5.5.1 Russia Sandalwood Extract Market by Type
9.2.5.5.2 Russia Sandalwood Extract Market by Application
9.2.5.6 Rest of Europe Sandalwood Extract Market
9.2.5.6.1 Rest of Europe Sandalwood Extract Market by Type
9.2.5.6.2 Rest of Europe Sandalwood Extract Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sandalwood Extract Market Overview
9.3.2 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis
9.3.3 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Sandalwood Extract Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sandalwood Extract Market
9.3.5.1.1 Australia Sandalwood Extract Market by Type
9.3.5.1.2 Australia Sandalwood Extract Market by Application
9.3.5.2 China Sandalwood Extract Market
9.3.5.2.1 China Sandalwood Extract Market by Type
9.3.5.2.2 China Sandalwood Extract Market by Application
9.3.5.3 India Sandalwood Extract Market
9.3.5.3.1 India Sandalwood Extract Market by Type
9.3.5.3.2 India Sandalwood Extract Market by Application
9.3.5.4 Japan Sandalwood Extract Market
9.3.5.4.1 Japan Sandalwood Extract Market by Type
9.3.5.4.2 Japan Sandalwood Extract Market by Application
9.3.5.5 South Korea Sandalwood Extract Market
9.3.5.5.1 South Korea Sandalwood Extract Market by Type
9.3.5.5.2 South Korea Sandalwood Extract Market by Application
9.3.5.6 Rest of Asia-Pacific Sandalwood Extract Market
9.3.5.6.1 Rest of Asia-Pacific Sandalwood Extract Market by Type
9.3.5.6.2 Rest of Asia-Pacific Sandalwood Extract Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sandalwood Extract Market Overview
9.4.2 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis
9.4.3 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Sandalwood Extract Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sandalwood Extract Market
9.4.5.1.1 South Africa Sandalwood Extract Market by Type
9.4.5.1.2 South Africa Sandalwood Extract Market by Application
9.4.5.2 Saudi Arabia Sandalwood Extract Market
9.4.5.2.1 Saudi Arabia Sandalwood Extract Market by Type
9.4.5.2.2 Saudi Arabia Sandalwood Extract Market by Application
9.4.5.3 U.A.E Sandalwood Extract Market
9.4.5.3.1 U.A.E Sandalwood Extract Market by Type
9.4.5.3.2 U.A.E Sandalwood Extract Market by Application
9.4.5.4 Rest of Middle East and Africa Sandalwood Extract Market
9.4.5.4.1 Rest of Middle East and Africa Sandalwood Extract Market by Type
9.4.5.4.2 Rest of Middle East and Africa Sandalwood Extract Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sandalwood Extract Market Overview
9.5.2 South and Central America Sandalwood Extract Market Forecasts and Analysis
9.5.3 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Type
9.5.4 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Application
9.5.5 South and Central America Sandalwood Extract Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sandalwood Extract Market
9.5.5.1.1 Brazil Sandalwood Extract Market by Type
9.5.5.1.2 Brazil Sandalwood Extract Market by Application
9.5.5.2 Argentina Sandalwood Extract Market
9.5.5.2.1 Argentina Sandalwood Extract Market by Type
9.5.5.2.2 Argentina Sandalwood Extract Market by Application
9.5.5.3 Rest of South and Central America Sandalwood Extract Market
9.5.5.3.1 Rest of South and Central America Sandalwood Extract Market by Type
9.5.5.3.2 Rest of South and Central America Sandalwood Extract Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. SANDALWOOD EXTRACT MARKET, KEY COMPANY PROFILES
11.1. JIANGXI XUESONG
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. JIANGXI JISHUI NATURAL ESSENTIAL OIL FACTORY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SANDALWOOD FOREST
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KS AND DL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ESSENTIALLY AUSTRALIA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KATYANI EXPORTS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NARESH INTERNATIONAL
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RK-ESSENTIAL OILS COMPANY
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SANTOL GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. QUINTIS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Jiangxi Xuesong
2. Jiangxi Jishui Natural Essential Oil Factory
3. Sandalwood Forest
4. KS and DL
5. Essentially Australia
6. Katyani Exports
7. Naresh International
8. RK-Essential Oils Company
9. Santol Group
10. Quintis

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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