Skimmed Milk Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Skimmed milk is fat-free milk with just 0.1 - 0.3 % fat content. It has less creamy texture and taste owing to its reduced fat content. Though skimmed milk has roughly the same amount of non-soluble fat, calcium, and protein as that of whole milk, it contains fewer amounts of fats and vitamin A. Skimmed milk also has lower calorific value as a 200 ml glass of skimmed milk only amounts to 70 calories. However, the fortified skimmed milk with essential vitamins and nutrients make up for a healthy beverage option.
MARKET DYNAMICS
The growing demand for milk free from the unhealthy saturated fats but rich in protein and calcium has spurred the demand for skimmed milk. Consumer awareness about the ill-effects of consuming saturated fats has led to considerable demand for fat-free skimmed milk. The rising incidences of obesity and the complications arising from it have led many consumers to avoid fat-rich foods and adopt fat-free skimmed milk in their diets. Skimmed milk is lower in calories is also being increasingly consumed by fitness enthusiasts and calorie-conscious individuals. Emerging fads such as keto diets are like to spur the demand for skimmed milk. Rising obesity in urban as well as rural populace and the growing awareness about skimmed milk products through TV ads and promotional campaigns has allured consumers towards skimmed milk products. The uses of skimmed milk in applications such as bakeries, confectioneries, chocolates, baby food, frozen desserts, and fermented milk products have further augmented the demand for skimmed milk.
MARKET SCOPE
The "Global Skimmed Milk Market Analysis to 2028" 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 skimmed milk market with detailed market segmentation by source, application, distribution channel, and geography. The global skimmed milk market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading skimmed milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global skimmed milk market is segmented on the basis of source, application, and distribution channel. On the basis of source, the skimmed milk market is segmented into, cow milk, buffalo milk, goat milk, and others. On the basis of application, the market is bifurcated into, dairy, confectionaries, bakery, prepared mixes, and others. Based on distribution channel, the global skimmed milk market is segmented into, supermarkets and hypermarkets, dairies, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global skimmed milk market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The skimmed milk 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 skimmed milk 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 skimmed milk market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global skimmed milk market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The skimmed milk 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 skimmed milk 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 skimmed milk market in these regions.
MARKET PLAYERS
The reports cover key developments in the skimmed milk 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 skimmed milk market are anticipated to lucrative growth opportunities in the future with the rising demand for skimmed milk in the global market. Below mentioned is the list of few companies engaged in the skimmed milk market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the skimmed milk 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.
- Alpen Dairies
- Amul
- Arla Foods
- Dairy Farmers of America Inc.
- Danone S.A.
- Fonterra Co-operative Group Limited
- LACTALIS Ingredients
- Nestle S.A.
- Saputo Inc.
- Schreiber Foods Inc.
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
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
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![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Skimmed Milk Market - By Source
1.3.2 Skimmed Milk Market - By Application
1.3.3 Skimmed Milk Market - By Distribution Channel
1.3.4 Skimmed Milk Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SKIMMED MILK 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. SKIMMED MILK 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. SKIMMED MILK MARKET - GLOBAL MARKET ANALYSIS
6.1. SKIMMED MILK - GLOBAL MARKET OVERVIEW
6.2. SKIMMED MILK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SKIMMED MILK MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. COW MILK
7.3.1. Overview
7.3.2. Cow Milk Market Forecast and Analysis
7.4. BUFFALO MILK
7.4.1. Overview
7.4.2. Buffalo Milk Market Forecast and Analysis
7.5. GOAT MILK
7.5.1. Overview
7.5.2. Goat Milk Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SKIMMED MILK MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DAIRY
8.3.1. Overview
8.3.2. Dairy Market Forecast and Analysis
8.4. CONFECTIONARIES
8.4.1. Overview
8.4.2. Confectionaries Market Forecast and Analysis
8.5. BAKERY
8.5.1. Overview
8.5.2. Bakery Market Forecast and Analysis
8.6. PREPARED MIXES
8.6.1. Overview
8.6.2. Prepared Mixes Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SKIMMED MILK MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. DAIRIES
9.4.1. Overview
9.4.2. Dairies Market Forecast and Analysis
9.5. ONLINE
9.5.1. Overview
9.5.2. Online Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. SKIMMED MILK MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Skimmed Milk Market Overview
10.1.2 North America Skimmed Milk Market Forecasts and Analysis
10.1.3 North America Skimmed Milk Market Forecasts and Analysis - By Source
10.1.4 North America Skimmed Milk Market Forecasts and Analysis - By Application
10.1.5 North America Skimmed Milk Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Skimmed Milk Market Forecasts and Analysis - By Countries
10.1.6.1 United States Skimmed Milk Market
10.1.6.1.1 United States Skimmed Milk Market by Source
10.1.6.1.2 United States Skimmed Milk Market by Application
10.1.6.1.3 United States Skimmed Milk Market by Distribution Channel
10.1.6.2 Canada Skimmed Milk Market
10.1.6.2.1 Canada Skimmed Milk Market by Source
10.1.6.2.2 Canada Skimmed Milk Market by Application
10.1.6.2.3 Canada Skimmed Milk Market by Distribution Channel
10.1.6.3 Mexico Skimmed Milk Market
10.1.6.3.1 Mexico Skimmed Milk Market by Source
10.1.6.3.2 Mexico Skimmed Milk Market by Application
10.1.6.3.3 Mexico Skimmed Milk Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Skimmed Milk Market Overview
10.2.2 Europe Skimmed Milk Market Forecasts and Analysis
10.2.3 Europe Skimmed Milk Market Forecasts and Analysis - By Source
10.2.4 Europe Skimmed Milk Market Forecasts and Analysis - By Application
10.2.5 Europe Skimmed Milk Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Skimmed Milk Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Skimmed Milk Market
10.2.6.1.1 Germany Skimmed Milk Market by Source
10.2.6.1.2 Germany Skimmed Milk Market by Application
10.2.6.1.3 Germany Skimmed Milk Market by Distribution Channel
10.2.6.2 France Skimmed Milk Market
10.2.6.2.1 France Skimmed Milk Market by Source
10.2.6.2.2 France Skimmed Milk Market by Application
10.2.6.2.3 France Skimmed Milk Market by Distribution Channel
10.2.6.3 Italy Skimmed Milk Market
10.2.6.3.1 Italy Skimmed Milk Market by Source
10.2.6.3.2 Italy Skimmed Milk Market by Application
10.2.6.3.3 Italy Skimmed Milk Market by Distribution Channel
10.2.6.4 United Kingdom Skimmed Milk Market
10.2.6.4.1 United Kingdom Skimmed Milk Market by Source
10.2.6.4.2 United Kingdom Skimmed Milk Market by Application
10.2.6.4.3 United Kingdom Skimmed Milk Market by Distribution Channel
10.2.6.5 Russia Skimmed Milk Market
10.2.6.5.1 Russia Skimmed Milk Market by Source
10.2.6.5.2 Russia Skimmed Milk Market by Application
10.2.6.5.3 Russia Skimmed Milk Market by Distribution Channel
10.2.6.6 Rest of Europe Skimmed Milk Market
10.2.6.6.1 Rest of Europe Skimmed Milk Market by Source
10.2.6.6.2 Rest of Europe Skimmed Milk Market by Application
10.2.6.6.3 Rest of Europe Skimmed Milk Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Skimmed Milk Market Overview
10.3.2 Asia-Pacific Skimmed Milk Market Forecasts and Analysis
10.3.3 Asia-Pacific Skimmed Milk Market Forecasts and Analysis - By Source
10.3.4 Asia-Pacific Skimmed Milk Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Skimmed Milk Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Skimmed Milk Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Skimmed Milk Market
10.3.6.1.1 Australia Skimmed Milk Market by Source
10.3.6.1.2 Australia Skimmed Milk Market by Application
10.3.6.1.3 Australia Skimmed Milk Market by Distribution Channel
10.3.6.2 China Skimmed Milk Market
10.3.6.2.1 China Skimmed Milk Market by Source
10.3.6.2.2 China Skimmed Milk Market by Application
10.3.6.2.3 China Skimmed Milk Market by Distribution Channel
10.3.6.3 India Skimmed Milk Market
10.3.6.3.1 India Skimmed Milk Market by Source
10.3.6.3.2 India Skimmed Milk Market by Application
10.3.6.3.3 India Skimmed Milk Market by Distribution Channel
10.3.6.4 Japan Skimmed Milk Market
10.3.6.4.1 Japan Skimmed Milk Market by Source
10.3.6.4.2 Japan Skimmed Milk Market by Application
10.3.6.4.3 Japan Skimmed Milk Market by Distribution Channel
10.3.6.5 South Korea Skimmed Milk Market
10.3.6.5.1 South Korea Skimmed Milk Market by Source
10.3.6.5.2 South Korea Skimmed Milk Market by Application
10.3.6.5.3 South Korea Skimmed Milk Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Skimmed Milk Market
10.3.6.6.1 Rest of Asia-Pacific Skimmed Milk Market by Source
10.3.6.6.2 Rest of Asia-Pacific Skimmed Milk Market by Application
10.3.6.6.3 Rest of Asia-Pacific Skimmed Milk Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Skimmed Milk Market Overview
10.4.2 Middle East and Africa Skimmed Milk Market Forecasts and Analysis
10.4.3 Middle East and Africa Skimmed Milk Market Forecasts and Analysis - By Source
10.4.4 Middle East and Africa Skimmed Milk Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Skimmed Milk Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Skimmed Milk Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Skimmed Milk Market
10.4.6.1.1 South Africa Skimmed Milk Market by Source
10.4.6.1.2 South Africa Skimmed Milk Market by Application
10.4.6.1.3 South Africa Skimmed Milk Market by Distribution Channel
10.4.6.2 Saudi Arabia Skimmed Milk Market
10.4.6.2.1 Saudi Arabia Skimmed Milk Market by Source
10.4.6.2.2 Saudi Arabia Skimmed Milk Market by Application
10.4.6.2.3 Saudi Arabia Skimmed Milk Market by Distribution Channel
10.4.6.3 U.A.E Skimmed Milk Market
10.4.6.3.1 U.A.E Skimmed Milk Market by Source
10.4.6.3.2 U.A.E Skimmed Milk Market by Application
10.4.6.3.3 U.A.E Skimmed Milk Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Skimmed Milk Market
10.4.6.4.1 Rest of Middle East and Africa Skimmed Milk Market by Source
10.4.6.4.2 Rest of Middle East and Africa Skimmed Milk Market by Application
10.4.6.4.3 Rest of Middle East and Africa Skimmed Milk Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Skimmed Milk Market Overview
10.5.2 South and Central America Skimmed Milk Market Forecasts and Analysis
10.5.3 South and Central America Skimmed Milk Market Forecasts and Analysis - By Source
10.5.4 South and Central America Skimmed Milk Market Forecasts and Analysis - By Application
10.5.5 South and Central America Skimmed Milk Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Skimmed Milk Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Skimmed Milk Market
10.5.6.1.1 Brazil Skimmed Milk Market by Source
10.5.6.1.2 Brazil Skimmed Milk Market by Application
10.5.6.1.3 Brazil Skimmed Milk Market by Distribution Channel
10.5.6.2 Argentina Skimmed Milk Market
10.5.6.2.1 Argentina Skimmed Milk Market by Source
10.5.6.2.2 Argentina Skimmed Milk Market by Application
10.5.6.2.3 Argentina Skimmed Milk Market by Distribution Channel
10.5.6.3 Rest of South and Central America Skimmed Milk Market
10.5.6.3.1 Rest of South and Central America Skimmed Milk Market by Source
10.5.6.3.2 Rest of South and Central America Skimmed Milk Market by Application
10.5.6.3.3 Rest of South and Central America Skimmed Milk Market by Distribution Channel
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SKIMMED MILK MARKET, KEY COMPANY PROFILES
12.1. ALPEN DAIRIES
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. AMUL
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. ARLA 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. DAIRY FARMERS OF AMERICA 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. DANONE S.A.
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. FONTERRA CO-OPERATIVE GROUP LIMITED
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. LACTALIS INGREDIENTS
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. NESTLE S.A.
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. SAPUTO INC.
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. SCHREIBER FOODS INC.
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.Alpen Dairies
2.Amul
3.Arla Foods
4.Dairy Farmers of America Inc.
5.Danone S.A.
6.Fonterra Co-operative Group Limited
7.LACTALIS Ingredients
8.Nestle S.A.
9.Saputo Inc.
10.Schreiber Foods Inc.
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.