Soy Food Market Insights and Growth by 2031
The soy food market is expected to register a CAGR of 6% during 2023 – 2031. The soy food market is growing due to increased preference for plant-based diets.
Soy Food Market Analysis
- The soy food market is experiencing an upsurge due to need for protein-rich food products among people. Soy foods are an important source of protein and as it is plant-based, they are preferred by most individuals, which is one of the driving factors for the soy food market.
- Protein-rich food demand is estimated to escalate during the forecasted period. The growth of the soy food market owes to the availability of new products that help the companies to gain from the growing trends like plant-based or world cuisine, and attract health-conscious consumers having an inclination for novel and exciting items.
Soy Food Market Overview
- Soybean is processed to produce soymilk, tofu, tempeh, miso and edamame. Tofu products are popular worldwide, especially among the vegan and vegetarian population as it is an excellent substitute for the cheese.
- Lactose intolerant consumers tend to buy soya-based products as they are natural non-dairy alternatives. Consumer behavior drives the market for soy food.
- The growing health awareness and the acceptance of plant-based diet has increased the demand for soy-based products. Consumers seek alternatives to animal-based proteins and are attracted to the nutritional benefits and versatility of soy foods.
- The increased prevalence of lactose intolerance in the consumption area incline consumers to natural non-dairy alternatives of soya.
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Soy Food 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.
Soy Food Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Soy Food Market Drivers and Opportunities
Growing Demand for Protein-Rich Food to Favor the Market
The demand for protein-rich food is surging due to the growing awareness about health factors and people’s increased preference for non-animal-based protein sources. For these reasons, Soy food has become popular as a source of plant-based protein, which is majorly influencing the growth of the soy food market. Companies can cater to the growing demand by broadening the scope of their market and reaching out to different regions. The soy food market is highly competitive with major players competing with each other to innovate in their product line up and increase the product range and diversification catering to niche markets and different consumer preferences. Close monitoring of consumer behavior and consumer preferences would facilitate the companies to create relevant products and market and distribute it accordingly.
Growth in the Online Sales Channel
The online sales channel also provides convenience and accessibility to consumers. Consumers can easily browse through a large selection of soy food products in the market, while comparing prices and reading reviews home. This is a convenient alternative for those who do not have the time to go to a physical store. The soy food market has a huge opportunity in its online sales channel as e-commerce continues to expand worldwide. Recently, e-commerce has been rapidly growing within the food product category. Consumers are now able to order a wider variety of different food products online. Therefore, this option attracts more companies in the soy food market to sell their goods online.
Soy Food Market Segmentation Analysis
Key segments that contributed to the derivation of the soy food market analysis are type, category, and distribution channel.
- Based on type, the soy food market is divided into textured vegetable protein, soy milk, tofu, soy oil, and others.
- Based on category, the soy food market is divided into organic, and conventional.
- On the basis of distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, online retail, and others.
Soy Food Market Share Analysis by Geography
- Soy Food 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, Middle East & Africa, and South and Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering soy food market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter’s Five Forces analysis, which involves the study of major factors that influence the soy food market in these regions.
Soy Food Market Report Scope
Soy Food Market News and Recent Developments
The soy food market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the soy food market are listed below:
- Expanding access to affordable, nutritious, and tasty plant-based meat alternatives. Nestle launched Maggi soya chunks, fortified with iron and zinc. (Source: Nestle SA/Press Release/December 2023)
- Promasidor Ghana launched the Onga soyabean chunks through series of stakeholder engagement events. (Source: Promasidor Ghana/Press Release/March 2023)
Soy Food Market Report Coverage and Deliverables
The “Soy Food Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
- Soy food market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Soy food market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter’s Five Forces and SWOT analysis
- Soy food 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 soy food 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 soy food market is estimated to grow at a CAGR of 6% during the forecast period 2024-2031.
Growing demand for protein rich products and rising preference for plant-based alternatives to meat are driving factors impacting the soy food market.
Increasing demand for organic products is anticipated to play a significant role in the soy food market in the coming years.
Nestle SA, Eden Foods Inc, QianNa Foodstuff Company, Wilmar International Limited, Silk, and Organic Valley, among others are the leading players operating in the soy food market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on 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 Soy Food Market - By Type
1.3.2 Soy Food Market - By Category
1.3.3 Soy Food Market - By Distribution Channel
1.3.4 Soy Food Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOY FOOD 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. SOY FOOD 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. SOY FOOD MARKET - GLOBAL MARKET ANALYSIS
6.1. SOY FOOD - GLOBAL MARKET OVERVIEW
6.2. SOY FOOD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOY FOOD MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. TEXTURED VEGETABLE PROTEIN (TVP)
7.3.1. Overview
7.3.2. Textured Vegetable Protein (TVP) Market Forecast and Analysis
7.4. SOY MILK
7.4.1. Overview
7.4.2. Soy Milk Market Forecast and Analysis
7.5. SOY OIL
7.5.1. Overview
7.5.2. Soy Oil Market Forecast and Analysis
7.6. TOFU
7.6.1. Overview
7.6.2. Tofu Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SOY FOOD MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
8.1. OVERVIEW
8.2. CATEGORY MARKET FORECASTS AND ANALYSIS
8.3. ORGANIC
8.3.1. Overview
8.3.2. Organic Market Forecast and Analysis
8.4. CONVENTIONAL
8.4.1. Overview
8.4.2. Conventional Market Forecast and Analysis
9. SOY FOOD MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKETS AND SUPERMARKETS
9.3.1. Overview
9.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
9.4. CONVENIENCE STORE
9.4.1. Overview
9.4.2. Convenience Store Market Forecast and Analysis
9.5. ONLINE STORES
9.5.1. Overview
9.5.2. Online Stores Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. SOY FOOD MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Soy Food Market Overview
10.1.2 North America Soy Food Market Forecasts and Analysis
10.1.3 North America Soy Food Market Forecasts and Analysis - By Type
10.1.4 North America Soy Food Market Forecasts and Analysis - By Category
10.1.5 North America Soy Food Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Soy Food Market Forecasts and Analysis - By Countries
10.1.6.1 United States Soy Food Market
10.1.6.1.1 United States Soy Food Market by Type
10.1.6.1.2 United States Soy Food Market by Category
10.1.6.1.3 United States Soy Food Market by Distribution Channel
10.1.6.2 Canada Soy Food Market
10.1.6.2.1 Canada Soy Food Market by Type
10.1.6.2.2 Canada Soy Food Market by Category
10.1.6.2.3 Canada Soy Food Market by Distribution Channel
10.1.6.3 Mexico Soy Food Market
10.1.6.3.1 Mexico Soy Food Market by Type
10.1.6.3.2 Mexico Soy Food Market by Category
10.1.6.3.3 Mexico Soy Food Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Soy Food Market Overview
10.2.2 Europe Soy Food Market Forecasts and Analysis
10.2.3 Europe Soy Food Market Forecasts and Analysis - By Type
10.2.4 Europe Soy Food Market Forecasts and Analysis - By Category
10.2.5 Europe Soy Food Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Soy Food Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Soy Food Market
10.2.6.1.1 Germany Soy Food Market by Type
10.2.6.1.2 Germany Soy Food Market by Category
10.2.6.1.3 Germany Soy Food Market by Distribution Channel
10.2.6.2 France Soy Food Market
10.2.6.2.1 France Soy Food Market by Type
10.2.6.2.2 France Soy Food Market by Category
10.2.6.2.3 France Soy Food Market by Distribution Channel
10.2.6.3 Italy Soy Food Market
10.2.6.3.1 Italy Soy Food Market by Type
10.2.6.3.2 Italy Soy Food Market by Category
10.2.6.3.3 Italy Soy Food Market by Distribution Channel
10.2.6.4 United Kingdom Soy Food Market
10.2.6.4.1 United Kingdom Soy Food Market by Type
10.2.6.4.2 United Kingdom Soy Food Market by Category
10.2.6.4.3 United Kingdom Soy Food Market by Distribution Channel
10.2.6.5 Rest of Europe Soy Food Market
10.2.6.5.1 Rest of Europe Soy Food Market by Type
10.2.6.5.2 Rest of Europe Soy Food Market by Category
10.2.6.5.3 Rest of Europe Soy Food Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Soy Food Market Overview
10.3.2 Asia-Pacific Soy Food Market Forecasts and Analysis
10.3.3 Asia-Pacific Soy Food Market Forecasts and Analysis - By Type
10.3.4 Asia-Pacific Soy Food Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Soy Food Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Soy Food Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Soy Food Market
10.3.6.1.1 Australia Soy Food Market by Type
10.3.6.1.2 Australia Soy Food Market by Category
10.3.6.1.3 Australia Soy Food Market by Distribution Channel
10.3.6.2 China Soy Food Market
10.3.6.2.1 China Soy Food Market by Type
10.3.6.2.2 China Soy Food Market by Category
10.3.6.2.3 China Soy Food Market by Distribution Channel
10.3.6.3 India Soy Food Market
10.3.6.3.1 India Soy Food Market by Type
10.3.6.3.2 India Soy Food Market by Category
10.3.6.3.3 India Soy Food Market by Distribution Channel
10.3.6.4 Japan Soy Food Market
10.3.6.4.1 Japan Soy Food Market by Type
10.3.6.4.2 Japan Soy Food Market by Category
10.3.6.4.3 Japan Soy Food Market by Distribution Channel
10.3.6.5 South Korea Soy Food Market
10.3.6.5.1 South Korea Soy Food Market by Type
10.3.6.5.2 South Korea Soy Food Market by Category
10.3.6.5.3 South Korea Soy Food Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Soy Food Market
10.3.6.6.1 Rest of Asia-Pacific Soy Food Market by Type
10.3.6.6.2 Rest of Asia-Pacific Soy Food Market by Category
10.3.6.6.3 Rest of Asia-Pacific Soy Food Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Soy Food Market Overview
10.4.2 Middle East and Africa Soy Food Market Forecasts and Analysis
10.4.3 Middle East and Africa Soy Food Market Forecasts and Analysis - By Type
10.4.4 Middle East and Africa Soy Food Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Soy Food Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Soy Food Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Soy Food Market
10.4.6.1.1 South Africa Soy Food Market by Type
10.4.6.1.2 South Africa Soy Food Market by Category
10.4.6.1.3 South Africa Soy Food Market by Distribution Channel
10.4.6.2 Saudi Arabia Soy Food Market
10.4.6.2.1 Saudi Arabia Soy Food Market by Type
10.4.6.2.2 Saudi Arabia Soy Food Market by Category
10.4.6.2.3 Saudi Arabia Soy Food Market by Distribution Channel
10.4.6.3 U.A.E Soy Food Market
10.4.6.3.1 U.A.E Soy Food Market by Type
10.4.6.3.2 U.A.E Soy Food Market by Category
10.4.6.3.3 U.A.E Soy Food Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Soy Food Market
10.4.6.4.1 Rest of Middle East and Africa Soy Food Market by Type
10.4.6.4.2 Rest of Middle East and Africa Soy Food Market by Category
10.4.6.4.3 Rest of Middle East and Africa Soy Food Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Soy Food Market Overview
10.5.2 South and Central America Soy Food Market Forecasts and Analysis
10.5.3 South and Central America Soy Food Market Forecasts and Analysis - By Type
10.5.4 South and Central America Soy Food Market Forecasts and Analysis - By Category
10.5.5 South and Central America Soy Food Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Soy Food Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Soy Food Market
10.5.6.1.1 Brazil Soy Food Market by Type
10.5.6.1.2 Brazil Soy Food Market by Category
10.5.6.1.3 Brazil Soy Food Market by Distribution Channel
10.5.6.2 Argentina Soy Food Market
10.5.6.2.1 Argentina Soy Food Market by Type
10.5.6.2.2 Argentina Soy Food Market by Category
10.5.6.2.3 Argentina Soy Food Market by Distribution Channel
10.5.6.3 Rest of South and Central America Soy Food Market
10.5.6.3.1 Rest of South and Central America Soy Food Market by Type
10.5.6.3.2 Rest of South and Central America Soy Food Market by Category
10.5.6.3.3 Rest of South and Central America Soy Food 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. SOY FOOD MARKET, KEY COMPANY PROFILES
12.1. ALPRO
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. ARCHER DANIELS MIDLAND COMPANY
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. BARENTZ EUROPE B.V.
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. CARGILL, INCORPORATED
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. CHINA YINGXIA INTERNATIONAL 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. CHS INC.
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. DEAN FOODS COMPANY
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. EDEN FOODS, INC.
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. GROUPE DANONE
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. SUNRISE SOYA FOODS
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
The List of Companies
1. Alpro
2. Archer Daniels Midland Company
3. Barentz Europe B.V.
4. Cargill, Incorporated
5. China Yingxia International Inc.
6. CHS Inc.
7. Dean Foods Company
8. Eden Foods, Inc.
9. Groupe Danone
10. Sunrise Soya Foods
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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