Soy Isoflavones Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Soy Isoflavones Market covers analysis by Form (Powder, Liquid); Source (Soy, Red Clover, Others); Application (Pharmaceuticals, Nutraceuticals, Cosmetics, Food and Beverages, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00009598
  • Category : Food and Beverages
  • No. of Pages : 150
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Soy Isoflavones Market Key Findings by 2031

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MARKET INTRODUCTION

Isoflavones are known as substituted derivatives of isoflavone, a type of naturally occurring isoflavonoids. Isoflavones are produced by the members of the bean family, called Fabaceae (Leguminosae). Although isoflavones are closely related phytoestrogens and sold as dietary supplements, there is very little scientific evidence for the safety of long-term supplementation or of health benefits from these compounds. Isoflavones are produced through a branch of the general phenylpropanoid pathway, which produces flavonoid compounds in higher plants. Soybeans are the most common source of isoflavones for consumption. The major isoflavones in soybean are genistein and daidzein. Isoflavones from soy have been reported to provide a number of health benefits, including the promotion of heart health and the maintenance of bone health.

MARKET DYNAMICS

The soy isoflavones market has witnessed significant growth owing to factors such as a wider application of soy isoflavones in food & beverages, pharmaceuticals, nutraceuticals, cosmetics, and other applications. The rising awareness among consumers towards health benefits associated with soy isoflavones, such as prevention of heart-related diseases, asthma, diabetes, and others, is further influencing this market. In addition to that, increasing trend of plant-based diets owing to its benefits such as weight management, low blood sugar levels, cholesterol, and abdominal fat is expected to boost the market growth for soy isoflavones in the upcoming years. However, climatic changes may hamper the cultivation of soy plants, which may further impact on the growth of the soy isoflavones market. Nevertheless, with the steady growth in the food processing industry, there are opportunities for the market players to invest in this market.

MARKET SCOPE

The "Global Soy Isoflavones 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 soy isoflavones market with detailed market segmentation by source, form, application, and geography. The global soy isoflavones market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soy isoflavones market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global soy isoflavones market is segmented on the basis of source, form, and application. On the basis of source, the soy isoflavones market is segmented into soy, red clover, and others. Based on form, soy isoflavones market is segmented into powder and liquid. The soy isoflavones market on the basis of the application is classified into pharmaceuticals, nutraceuticals, cosmetics, food and beverages, 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 soy isoflavones 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 soy isoflavones 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 soy isoflavones 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 soy isoflavones market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soy isoflavones 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 soy isoflavones 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 soy isoflavones 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 soy isoflavones market in these regions.

MARKET PLAYERS

The reports cover various key developments in the global soy isoflavones market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the 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 soy isoflavones market are anticipated to lucrative growth opportunities in the future with the rising demand for soy isoflavones in the global market. Below mentioned is the list of few companies engaged in the soy isoflavones market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soy isoflavones 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.

- Archer Daniels Midland Company
- Avestia Pharma
- BASF se
- Biomax
- Cargill, Incorporated
- DSM
- International Flavors and Fragrances (Frutarom)
- Nexira Inc.
- Shanghai Freemen
- SK Bioland

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
Report Coverage

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

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

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

Country Scope
Country Scope

This text is related
to country scope.

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 Isoflavones Market - By Form
1.3.2 Soy Isoflavones Market - By Source
1.3.3 Soy Isoflavones Market - By Application
1.3.4 Soy Isoflavones Market - By Region
1.3.4.1 By Country

2. KEY TAKEWAYS

3. RESEARCH METHODOLOGY

4. SOY ISOFLAVONES 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. SOY ISOFLAVONES 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. SOY ISOFLAVONES MARKET - GLOBAL MARKET ANALYSIS
6.1. SOY ISOFLAVONES - GLOBAL MARKET OVERVIEW
6.2. SOY ISOFLAVONES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. SOY ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. POWDER
7.3.1. Overview
7.3.2. Powder Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
8. SOY ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
8.1. OVERVIEW
8.2. SOURCE MARKET FORECASTS AND ANALYSIS
8.3. SOY
8.3.1. Overview
8.3.2. Soy Market Forecast and Analysis
8.4. RED CLOVER
8.4.1. Overview
8.4.2. Red Clover Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. SOY ISOFLAVONES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. PHARMACEUTICALS
9.3.1. Overview
9.3.2. Pharmaceuticals Market Forecast and Analysis
9.4. NUTRACEUTICALS
9.4.1. Overview
9.4.2. Nutraceuticals Market Forecast and Analysis
9.5. COSMETICS
9.5.1. Overview
9.5.2. Cosmetics Market Forecast and Analysis
9.6. FOOD AND BEVERAGES
9.6.1. Overview
9.6.2. Food and Beverages Market Forecast and Analysis
9.7. OTHERS
9.7.1. Overview
9.7.2. Others Market Forecast and Analysis

10. SOY ISOFLAVONES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Soy Isoflavones Market Overview
10.1.2 North America Soy Isoflavones Market Forecasts and Analysis
10.1.3 North America Soy Isoflavones Market Forecasts and Analysis - By Form
10.1.4 North America Soy Isoflavones Market Forecasts and Analysis - By Source
10.1.5 North America Soy Isoflavones Market Forecasts and Analysis - By Application
10.1.6 North America Soy Isoflavones Market Forecasts and Analysis - By Countries
10.1.6.1 United States Soy Isoflavones Market
10.1.6.1.1 United States Soy Isoflavones Market by Form
10.1.6.1.2 United States Soy Isoflavones Market by Source
10.1.6.1.3 United States Soy Isoflavones Market by Application
10.1.6.2 Canada Soy Isoflavones Market
10.1.6.2.1 Canada Soy Isoflavones Market by Form
10.1.6.2.2 Canada Soy Isoflavones Market by Source
10.1.6.2.3 Canada Soy Isoflavones Market by Application
10.1.6.3 Mexico Soy Isoflavones Market
10.1.6.3.1 Mexico Soy Isoflavones Market by Form
10.1.6.3.2 Mexico Soy Isoflavones Market by Source
10.1.6.3.3 Mexico Soy Isoflavones Market by Application
10.2. EUROPE
10.2.1 Europe Soy Isoflavones Market Overview
10.2.2 Europe Soy Isoflavones Market Forecasts and Analysis
10.2.3 Europe Soy Isoflavones Market Forecasts and Analysis - By Form
10.2.4 Europe Soy Isoflavones Market Forecasts and Analysis - By Source
10.2.5 Europe Soy Isoflavones Market Forecasts and Analysis - By Application
10.2.6 Europe Soy Isoflavones Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Soy Isoflavones Market
10.2.6.1.1 Germany Soy Isoflavones Market by Form
10.2.6.1.2 Germany Soy Isoflavones Market by Source
10.2.6.1.3 Germany Soy Isoflavones Market by Application
10.2.6.2 France Soy Isoflavones Market
10.2.6.2.1 France Soy Isoflavones Market by Form
10.2.6.2.2 France Soy Isoflavones Market by Source
10.2.6.2.3 France Soy Isoflavones Market by Application
10.2.6.3 Italy Soy Isoflavones Market
10.2.6.3.1 Italy Soy Isoflavones Market by Form
10.2.6.3.2 Italy Soy Isoflavones Market by Source
10.2.6.3.3 Italy Soy Isoflavones Market by Application
10.2.6.4 United Kingdom Soy Isoflavones Market
10.2.6.4.1 United Kingdom Soy Isoflavones Market by Form
10.2.6.4.2 United Kingdom Soy Isoflavones Market by Source
10.2.6.4.3 United Kingdom Soy Isoflavones Market by Application
10.2.6.5 Russia Soy Isoflavones Market
10.2.6.5.1 Russia Soy Isoflavones Market by Form
10.2.6.5.2 Russia Soy Isoflavones Market by Source
10.2.6.5.3 Russia Soy Isoflavones Market by Application
10.2.6.6 Rest of Europe Soy Isoflavones Market
10.2.6.6.1 Rest of Europe Soy Isoflavones Market by Form
10.2.6.6.2 Rest of Europe Soy Isoflavones Market by Source
10.2.6.6.3 Rest of Europe Soy Isoflavones Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Soy Isoflavones Market Overview
10.3.2 Asia-Pacific Soy Isoflavones Market Forecasts and Analysis
10.3.3 Asia-Pacific Soy Isoflavones Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Soy Isoflavones Market Forecasts and Analysis - By Source
10.3.5 Asia-Pacific Soy Isoflavones Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Soy Isoflavones Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Soy Isoflavones Market
10.3.6.1.1 Australia Soy Isoflavones Market by Form
10.3.6.1.2 Australia Soy Isoflavones Market by Source
10.3.6.1.3 Australia Soy Isoflavones Market by Application
10.3.6.2 China Soy Isoflavones Market
10.3.6.2.1 China Soy Isoflavones Market by Form
10.3.6.2.2 China Soy Isoflavones Market by Source
10.3.6.2.3 China Soy Isoflavones Market by Application
10.3.6.3 India Soy Isoflavones Market
10.3.6.3.1 India Soy Isoflavones Market by Form
10.3.6.3.2 India Soy Isoflavones Market by Source
10.3.6.3.3 India Soy Isoflavones Market by Application
10.3.6.4 Japan Soy Isoflavones Market
10.3.6.4.1 Japan Soy Isoflavones Market by Form
10.3.6.4.2 Japan Soy Isoflavones Market by Source
10.3.6.4.3 Japan Soy Isoflavones Market by Application
10.3.6.5 South Korea Soy Isoflavones Market
10.3.6.5.1 South Korea Soy Isoflavones Market by Form
10.3.6.5.2 South Korea Soy Isoflavones Market by Source
10.3.6.5.3 South Korea Soy Isoflavones Market by Application
10.3.6.6 Rest of Asia-Pacific Soy Isoflavones Market
10.3.6.6.1 Rest of Asia-Pacific Soy Isoflavones Market by Form
10.3.6.6.2 Rest of Asia-Pacific Soy Isoflavones Market by Source
10.3.6.6.3 Rest of Asia-Pacific Soy Isoflavones Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Soy Isoflavones Market Overview
10.4.2 Middle East and Africa Soy Isoflavones Market Forecasts and Analysis
10.4.3 Middle East and Africa Soy Isoflavones Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Soy Isoflavones Market Forecasts and Analysis - By Source
10.4.5 Middle East and Africa Soy Isoflavones Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Soy Isoflavones Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Soy Isoflavones Market
10.4.6.1.1 South Africa Soy Isoflavones Market by Form
10.4.6.1.2 South Africa Soy Isoflavones Market by Source
10.4.6.1.3 South Africa Soy Isoflavones Market by Application
10.4.6.2 Saudi Arabia Soy Isoflavones Market
10.4.6.2.1 Saudi Arabia Soy Isoflavones Market by Form
10.4.6.2.2 Saudi Arabia Soy Isoflavones Market by Source
10.4.6.2.3 Saudi Arabia Soy Isoflavones Market by Application
10.4.6.3 U.A.E Soy Isoflavones Market
10.4.6.3.1 U.A.E Soy Isoflavones Market by Form
10.4.6.3.2 U.A.E Soy Isoflavones Market by Source
10.4.6.3.3 U.A.E Soy Isoflavones Market by Application
10.4.6.4 Rest of Middle East and Africa Soy Isoflavones Market
10.4.6.4.1 Rest of Middle East and Africa Soy Isoflavones Market by Form
10.4.6.4.2 Rest of Middle East and Africa Soy Isoflavones Market by Source
10.4.6.4.3 Rest of Middle East and Africa Soy Isoflavones Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Soy Isoflavones Market Overview
10.5.2 South and Central America Soy Isoflavones Market Forecasts and Analysis
10.5.3 South and Central America Soy Isoflavones Market Forecasts and Analysis - By Form
10.5.4 South and Central America Soy Isoflavones Market Forecasts and Analysis - By Source
10.5.5 South and Central America Soy Isoflavones Market Forecasts and Analysis - By Application
10.5.6 South and Central America Soy Isoflavones Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Soy Isoflavones Market
10.5.6.1.1 Brazil Soy Isoflavones Market by Form
10.5.6.1.2 Brazil Soy Isoflavones Market by Source
10.5.6.1.3 Brazil Soy Isoflavones Market by Application
10.5.6.2 Argentina Soy Isoflavones Market
10.5.6.2.1 Argentina Soy Isoflavones Market by Form
10.5.6.2.2 Argentina Soy Isoflavones Market by Source
10.5.6.2.3 Argentina Soy Isoflavones Market by Application
10.5.6.3 Rest of South and Central America Soy Isoflavones Market
10.5.6.3.1 Rest of South and Central America Soy Isoflavones Market by Form
10.5.6.3.2 Rest of South and Central America Soy Isoflavones Market by Source
10.5.6.3.3 Rest of South and Central America Soy Isoflavones Market by Application

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. SOY ISOFLAVONES MARKET, KEY COMPANY PROFILES
12.1. ARCHER DANIELS MIDLAND COMPANY
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. AVESTIA PHARMA
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. BASF SE
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. BIOMAX
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. CARGILL, INCORPORATED
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. DSM
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. INTERNATIONAL FLAVORS AND FRAGRANCES (FRUTAROM)
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. NEXIRA 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. SHANGHAI FREEMEN
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. SK BIOLAND
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. ARCHER DANIELS MIDLAND COMPANY
2. Avestia Pharma
3. BASF SE
4. Biomax
5. Cargill, Incorporated
6. DSM
7. International Flavors and Fragrances (Frutarom)
8. Nexira Inc.
9. Shanghai Freemen
10. SK Bioland

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.

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