Seaweeds are basically marine algae that live suspended in the water column. Some of these are microscopic in nature. Seaweed can be used for industrial applications, as a fertilizer and source of food. Some of these are grown underwater. More than ten thousand species of seaweed reflect its immense diversity. Seaweed can be green, red, or brown marine algae which are commonly raised on beaches and shorelines. These are used in commercial purpose. Liquid seaweeds are mainly used as fertilizers or as a major source of polysaccharides. It can also be used as source of long and short chain chemicals which has medicinal and industrial uses.
MARKET DYNAMICS
Seaweed is widely regarded as a health food due to various nutrients such as magnesium, high iodine, calcium, iron, antioxidant vitamin, and fiber. This factor has been influencing the growth of the seaweed market considering seaweed as a source of food in many regions. Liquid seaweeds are most commonly used in the agriculture sector in order to manufacture fertilizers. Consumption of seaweed powder is rising due to its demand in natural food, textile, pharmacy & medical industries. Liquid seaweeds demand is likely to increase rapidly due to the rise in end-user applications such as fertilizer sprays. Due to its anti-cancer property seaweed are used in the pharmaceutical industry. The Health benefits of seaweed are projected to boost the growth of the market.
MARKET SCOPE
The "Global Seaweed Products 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 seaweed products market with detailed market segmentation by source, product type, end use industry and geography. The seaweed products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading seaweed products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global seaweed products market is segmented on the basis of source, product type and end use industry. On the basis of source the market is segmented into red seaweed, brown seaweed and green seaweed. On the basis of product type the market is segmented into alginate, agar, carrageenan, seaweed meal, seaweed fertilizers and others. On the basis of end use industry the market is segmented into food, pharmaceuticals, feed and agriculture.
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 seaweed products 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 seaweed products 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 seaweed products 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 seaweed products market in these regions.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- 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 seaweed products 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 seaweed products 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 seaweed products 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 seaweed products market in these regions.
MARKET PLAYERS
The reports cover key developments in the seaweed products 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 seaweed products market are anticipated to lucrative growth opportunities in the future with the rising demand for seaweed products in the global market. Below mentioned is the list of few companies engaged in the seaweed products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the seaweed products 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.
- DuPont
- Cargill Inc.
- CP Kelco
- KIMICA Corporation
- W Hydrocolloids Inc.
- Connemara Seaweed Company
- Maine Seaweed, LLC
- Irish Seaweeds
- SHIDAI MARINE BIOTECHNOLOGY CO., LTD.
- Acadian Seaplants Limited
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 Seaweed Products Market - By Source
1.3.2 Seaweed Products Market - By Product Type
1.3.3 Seaweed Products Market - By End Use Industry
1.3.4 Seaweed Products Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SEAWEED PRODUCTS 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. SEAWEED PRODUCTS 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. SEAWEED PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. SEAWEED PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. SEAWEED PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SEAWEED PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. RED SEAWEED
7.3.1. Overview
7.3.2. Red Seaweed Market Forecast and Analysis
7.4. BROWN SEAWEED
7.4.1. Overview
7.4.2. Brown Seaweed Market Forecast and Analysis
7.5. GREEN SEAWEED
7.5.1. Overview
7.5.2. Green Seaweed Market Forecast and Analysis
8. SEAWEED PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. ALGINATE
8.3.1. Overview
8.3.2. Alginate Market Forecast and Analysis
8.4. AGAR
8.4.1. Overview
8.4.2. Agar Market Forecast and Analysis
8.5. CARRAGEENAN
8.5.1. Overview
8.5.2. Carrageenan Market Forecast and Analysis
8.6. SEAWEED MEAL
8.6.1. Overview
8.6.2. Seaweed Meal Market Forecast and Analysis
8.7. SEAWEED FERTILIZERS
8.7.1. Overview
8.7.2. Seaweed Fertilizers Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SEAWEED PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - END USE INDUSTRY
9.1. OVERVIEW
9.2. END USE INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3. FOOD
9.3.1. Overview
9.3.2. Food Market Forecast and Analysis
9.4. PHARMACEUTICALS
9.4.1. Overview
9.4.2. Pharmaceuticals Market Forecast and Analysis
9.5. FEED
9.5.1. Overview
9.5.2. Feed Market Forecast and Analysis
9.6. AGRICULTURE
9.6.1. Overview
9.6.2. Agriculture Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis
10. SEAWEED PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Seaweed Products Market Overview
10.1.2 North America Seaweed Products Market Forecasts and Analysis
10.1.3 North America Seaweed Products Market Forecasts and Analysis - By Source
10.1.4 North America Seaweed Products Market Forecasts and Analysis - By Product Type
10.1.5 North America Seaweed Products Market Forecasts and Analysis - By End Use Industry
10.1.6 North America Seaweed Products Market Forecasts and Analysis - By Countries
10.1.6.1 United States Seaweed Products Market
10.1.6.1.1 United States Seaweed Products Market by Source
10.1.6.1.2 United States Seaweed Products Market by Product Type
10.1.6.1.3 United States Seaweed Products Market by End Use Industry
10.1.6.2 Canada Seaweed Products Market
10.1.6.2.1 Canada Seaweed Products Market by Source
10.1.6.2.2 Canada Seaweed Products Market by Product Type
10.1.6.2.3 Canada Seaweed Products Market by End Use Industry
10.1.6.3 Mexico Seaweed Products Market
10.1.6.3.1 Mexico Seaweed Products Market by Source
10.1.6.3.2 Mexico Seaweed Products Market by Product Type
10.1.6.3.3 Mexico Seaweed Products Market by End Use Industry
10.2. EUROPE
10.2.1 Europe Seaweed Products Market Overview
10.2.2 Europe Seaweed Products Market Forecasts and Analysis
10.2.3 Europe Seaweed Products Market Forecasts and Analysis - By Source
10.2.4 Europe Seaweed Products Market Forecasts and Analysis - By Product Type
10.2.5 Europe Seaweed Products Market Forecasts and Analysis - By End Use Industry
10.2.6 Europe Seaweed Products Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Seaweed Products Market
10.2.6.1.1 Germany Seaweed Products Market by Source
10.2.6.1.2 Germany Seaweed Products Market by Product Type
10.2.6.1.3 Germany Seaweed Products Market by End Use Industry
10.2.6.2 France Seaweed Products Market
10.2.6.2.1 France Seaweed Products Market by Source
10.2.6.2.2 France Seaweed Products Market by Product Type
10.2.6.2.3 France Seaweed Products Market by End Use Industry
10.2.6.3 Italy Seaweed Products Market
10.2.6.3.1 Italy Seaweed Products Market by Source
10.2.6.3.2 Italy Seaweed Products Market by Product Type
10.2.6.3.3 Italy Seaweed Products Market by End Use Industry
10.2.6.4 United Kingdom Seaweed Products Market
10.2.6.4.1 United Kingdom Seaweed Products Market by Source
10.2.6.4.2 United Kingdom Seaweed Products Market by Product Type
10.2.6.4.3 United Kingdom Seaweed Products Market by End Use Industry
10.2.6.5 Russia Seaweed Products Market
10.2.6.5.1 Russia Seaweed Products Market by Source
10.2.6.5.2 Russia Seaweed Products Market by Product Type
10.2.6.5.3 Russia Seaweed Products Market by End Use Industry
10.2.6.6 Rest of Europe Seaweed Products Market
10.2.6.6.1 Rest of Europe Seaweed Products Market by Source
10.2.6.6.2 Rest of Europe Seaweed Products Market by Product Type
10.2.6.6.3 Rest of Europe Seaweed Products Market by End Use Industry
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Seaweed Products Market Overview
10.3.2 Asia-Pacific Seaweed Products Market Forecasts and Analysis
10.3.3 Asia-Pacific Seaweed Products Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Seaweed Products Market Forecasts and Analysis - By Product Type
10.3.5 Asia-Pacific Seaweed Products Market Forecasts and Analysis - By End Use Industry
10.3.6 Asia-Pacific Seaweed Products Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Seaweed Products Market
10.3.6.1.1 Australia Seaweed Products Market by Source
10.3.6.1.2 Australia Seaweed Products Market by Product Type
10.3.6.1.3 Australia Seaweed Products Market by End Use Industry
10.3.6.2 China Seaweed Products Market
10.3.6.2.1 China Seaweed Products Market by Source
10.3.6.2.2 China Seaweed Products Market by Product Type
10.3.6.2.3 China Seaweed Products Market by End Use Industry
10.3.6.3 India Seaweed Products Market
10.3.6.3.1 India Seaweed Products Market by Source
10.3.6.3.2 India Seaweed Products Market by Product Type
10.3.6.3.3 India Seaweed Products Market by End Use Industry
10.3.6.4 Japan Seaweed Products Market
10.3.6.4.1 Japan Seaweed Products Market by Source
10.3.6.4.2 Japan Seaweed Products Market by Product Type
10.3.6.4.3 Japan Seaweed Products Market by End Use Industry
10.3.6.5 South Korea Seaweed Products Market
10.3.6.5.1 South Korea Seaweed Products Market by Source
10.3.6.5.2 South Korea Seaweed Products Market by Product Type
10.3.6.5.3 South Korea Seaweed Products Market by End Use Industry
10.3.6.6 Rest of Asia-Pacific Seaweed Products Market
10.3.6.6.1 Rest of Asia-Pacific Seaweed Products Market by Source
10.3.6.6.2 Rest of Asia-Pacific Seaweed Products Market by Product Type
10.3.6.6.3 Rest of Asia-Pacific Seaweed Products Market by End Use Industry
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Seaweed Products Market Overview
10.4.2 Middle East and Africa Seaweed Products Market Forecasts and Analysis
10.4.3 Middle East and Africa Seaweed Products Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Seaweed Products Market Forecasts and Analysis - By Product Type
10.4.5 Middle East and Africa Seaweed Products Market Forecasts and Analysis - By End Use Industry
10.4.6 Middle East and Africa Seaweed Products Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Seaweed Products Market
10.4.6.1.1 South Africa Seaweed Products Market by Source
10.4.6.1.2 South Africa Seaweed Products Market by Product Type
10.4.6.1.3 South Africa Seaweed Products Market by End Use Industry
10.4.6.2 Saudi Arabia Seaweed Products Market
10.4.6.2.1 Saudi Arabia Seaweed Products Market by Source
10.4.6.2.2 Saudi Arabia Seaweed Products Market by Product Type
10.4.6.2.3 Saudi Arabia Seaweed Products Market by End Use Industry
10.4.6.3 U.A.E Seaweed Products Market
10.4.6.3.1 U.A.E Seaweed Products Market by Source
10.4.6.3.2 U.A.E Seaweed Products Market by Product Type
10.4.6.3.3 U.A.E Seaweed Products Market by End Use Industry
10.4.6.4 Rest of Middle East and Africa Seaweed Products Market
10.4.6.4.1 Rest of Middle East and Africa Seaweed Products Market by Source
10.4.6.4.2 Rest of Middle East and Africa Seaweed Products Market by Product Type
10.4.6.4.3 Rest of Middle East and Africa Seaweed Products Market by End Use Industry
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Seaweed Products Market Overview
10.5.2 South and Central America Seaweed Products Market Forecasts and Analysis
10.5.3 South and Central America Seaweed Products Market Forecasts and Analysis - By Source
10.5.4 South and Central America Seaweed Products Market Forecasts and Analysis - By Product Type
10.5.5 South and Central America Seaweed Products Market Forecasts and Analysis - By End Use Industry
10.5.6 South and Central America Seaweed Products Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Seaweed Products Market
10.5.6.1.1 Brazil Seaweed Products Market by Source
10.5.6.1.2 Brazil Seaweed Products Market by Product Type
10.5.6.1.3 Brazil Seaweed Products Market by End Use Industry
10.5.6.2 Argentina Seaweed Products Market
10.5.6.2.1 Argentina Seaweed Products Market by Source
10.5.6.2.2 Argentina Seaweed Products Market by Product Type
10.5.6.2.3 Argentina Seaweed Products Market by End Use Industry
10.5.6.3 Rest of South and Central America Seaweed Products Market
10.5.6.3.1 Rest of South and Central America Seaweed Products Market by Source
10.5.6.3.2 Rest of South and Central America Seaweed Products Market by Product Type
10.5.6.3.3 Rest of South and Central America Seaweed Products Market by End Use Industry
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. SEAWEED PRODUCTS MARKET, KEY COMPANY PROFILES
12.1. DUPONT
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. CARGILL INC
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. CP KELCO
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. KIMICA CORPORATION
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. W HYDROCOLLOIDS 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. CONNEMARA SEAWEED COMPANY
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. MAINE SEAWEED, LLC
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. IRISH SEAWEEDS
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. SHIDAI MARINE BIOTECHNOLOGY CO., LTD.
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. ACADIAN SEAPLANTS LIMITED
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. DuPont
2. Cargill Inc
3. CP Kelco
4. KIMICA Corporation
5. W Hydrocolloids Inc.
6. Connemara Seaweed Company
7. Maine Seaweed, LLC
8. Irish Seaweeds
9. SHIDAI MARINE BIOTECHNOLOGY CO., LTD.
10. Acadian Seaplants Limited
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.
Get Free Sample For