Sucrose Esters Market Developments by 2031
Sucrose esters sometimes called sucrose fatty acid esters are derived by esterifying sucrose with edible fatty acids. By varying the degree of esterification, it is possible to obtain sucrose ester emulsifiers with hydrophilic-lipophilic balance (HLB) values ranging from 1 to 16. The typical ingredients used in manufacturing sucrose esters are sugars derived from sugar beet and sugar cane and methyl fatty acids from palm and coconut oils. Sucrose esters are extensively used in food preservatives, drugs and medicines, personal care, cosmetics, plastics, fine chemicals, and industries. They are watersoluble, UHT-stable, colorless, odorless, and have no taste.
MARKET DYNAMICS
The global sucrose esters market is growing at a significant pace owing to driving factors such as increasing demand from the food industry. Sucrose esters are used as food additives in processed foods. They possess unrivaled emulsion properties making them suitable for uses in food-stuffs such as mayonnaise, dressings, sauces, milk alternatives, low fat fillings, cereal bars, aerating dairy desserts such as mousse, ice cream, whipped toppings etc. Sucrose esters E 473 is used in surface treatment of few friuits such as bananas, peaches, apples, pears, cherries etc for fruit preservation. In addition, sucrose esters are also used as an additive to enhance flavors of dairy-based drinks, yoghurt, flavored chocolate milk, eggnog, cocoa, whey based drinks etc. The expansion of food and beverages industry coupled with the growing trend of consuming convenience food in developed as well as developing nations is anticipated to significantly drive the demand for sucrose esters and subsequently propel the sucrose esters market in the forecast period. However the competition from alternatives such as lecithin, monoglycerides, and sorbitan esters is anticipated to restrict the growth of sucrose esters to some extent.
MARKET SCOPE
The "Global Sucrose Esters Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the sucrose esters market with detailed market segmentation by application, form, function, and geography. The global sucrose esters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading sucrose esters market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global sucrose esters market is segmented on the basis of application, form, function. On the basis of application, the sucrose esters market is segmented into, food, personal care products, detergents & cleansers, and others. On the basis of form, the market is bifurcated into, powder, liquid, and pellets. Based on function, the global sucrose esters market is segmented into, protein & starch interaction, antimicrobial property, controlled sugar crystallization, emulsification, and aeration.
- 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 global sucrose esters 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 sucrose esters 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 sucrose esters 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 sucrose esters 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 global sucrose esters 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 sucrose esters 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 sucrose esters 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 sucrose esters market in these regions.
MARKET PLAYERS
The reports cover key developments in the sucrose esters 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 sucrose esters market are anticipated to lucrative growth opportunities in the future with the rising demand for sucrose esters in the global market. Below mentioned is the list of few companies engaged in the sucrose esters market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the sucrose esters 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.
- Adana Food Tech
- BASF SE
- Compass Foods
- Croda International Plc
- Dai-Ichi Kimia Raya
- Evonik Industries
- Mitsubishi Chemical Holdings Corporation
- P&G Chemicals
- Sisterna
- Zhejiang Synose Tech Co., Ltd
- 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 Sucrose Esters Market - By Application
1.3.2 Sucrose Esters Market - By Form
1.3.3 Sucrose Esters Market - By Function
1.3.4 Sucrose Esters Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SUCROSE ESTERS 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. SUCROSE ESTERS 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. SUCROSE ESTERS MARKET - GLOBAL MARKET ANALYSIS
6.1. SUCROSE ESTERS - GLOBAL MARKET OVERVIEW
6.2. SUCROSE ESTERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SUCROSE ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. FOOD
7.3.1. Overview
7.3.2. Food Market Forecast and Analysis
7.4. PERSONAL CARE PRODUCTS
7.4.1. Overview
7.4.2. Personal Care Products Market Forecast and Analysis
7.5. DETERGENTS AND CLEANSERS
7.5.1. Overview
7.5.2. Detergents and Cleansers Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SUCROSE ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1. OVERVIEW
8.2. FORM MARKET FORECASTS AND ANALYSIS
8.3. POWDER
8.3.1. Overview
8.3.2. Powder Market Forecast and Analysis
8.4. LIQUID
8.4.1. Overview
8.4.2. Liquid Market Forecast and Analysis
8.5. PELLET
8.5.1. Overview
8.5.2. Pellet Market Forecast and Analysis
9. SUCROSE ESTERS MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
9.1. OVERVIEW
9.2. FUNCTION MARKET FORECASTS AND ANALYSIS
9.3. PROTEIN AND STARCH INTERACTION
9.3.1. Overview
9.3.2. Protein and Starch Interaction Market Forecast and Analysis
9.4. ANTIMICROBIAL PROPERTY
9.4.1. Overview
9.4.2. Antimicrobial Property Market Forecast and Analysis
9.5. CONTROLLED SUGAR CRYSTALLIZATION
9.5.1. Overview
9.5.2. Controlled Sugar Crystallization Market Forecast and Analysis
9.6. EMULSIFICATION
9.6.1. Overview
9.6.2. Emulsification Market Forecast and Analysis
9.7. AERATION
9.7.1. Overview
9.7.2. Aeration Market Forecast and Analysis
10. SUCROSE ESTERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Sucrose Esters Market Overview
10.1.2 North America Sucrose Esters Market Forecasts and Analysis
10.1.3 North America Sucrose Esters Market Forecasts and Analysis - By Application
10.1.4 North America Sucrose Esters Market Forecasts and Analysis - By Form
10.1.5 North America Sucrose Esters Market Forecasts and Analysis - By Function
10.1.6 North America Sucrose Esters Market Forecasts and Analysis - By Countries
10.1.6.1 United States Sucrose Esters Market
10.1.6.1.1 United States Sucrose Esters Market by Application
10.1.6.1.2 United States Sucrose Esters Market by Form
10.1.6.1.3 United States Sucrose Esters Market by Function
10.1.6.2 Canada Sucrose Esters Market
10.1.6.2.1 Canada Sucrose Esters Market by Application
10.1.6.2.2 Canada Sucrose Esters Market by Form
10.1.6.2.3 Canada Sucrose Esters Market by Function
10.1.6.3 Mexico Sucrose Esters Market
10.1.6.3.1 Mexico Sucrose Esters Market by Application
10.1.6.3.2 Mexico Sucrose Esters Market by Form
10.1.6.3.3 Mexico Sucrose Esters Market by Function
10.2. EUROPE
10.2.1 Europe Sucrose Esters Market Overview
10.2.2 Europe Sucrose Esters Market Forecasts and Analysis
10.2.3 Europe Sucrose Esters Market Forecasts and Analysis - By Application
10.2.4 Europe Sucrose Esters Market Forecasts and Analysis - By Form
10.2.5 Europe Sucrose Esters Market Forecasts and Analysis - By Function
10.2.6 Europe Sucrose Esters Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Sucrose Esters Market
10.2.6.1.1 Germany Sucrose Esters Market by Application
10.2.6.1.2 Germany Sucrose Esters Market by Form
10.2.6.1.3 Germany Sucrose Esters Market by Function
10.2.6.2 France Sucrose Esters Market
10.2.6.2.1 France Sucrose Esters Market by Application
10.2.6.2.2 France Sucrose Esters Market by Form
10.2.6.2.3 France Sucrose Esters Market by Function
10.2.6.3 Italy Sucrose Esters Market
10.2.6.3.1 Italy Sucrose Esters Market by Application
10.2.6.3.2 Italy Sucrose Esters Market by Form
10.2.6.3.3 Italy Sucrose Esters Market by Function
10.2.6.4 United Kingdom Sucrose Esters Market
10.2.6.4.1 United Kingdom Sucrose Esters Market by Application
10.2.6.4.2 United Kingdom Sucrose Esters Market by Form
10.2.6.4.3 United Kingdom Sucrose Esters Market by Function
10.2.6.5 Russia Sucrose Esters Market
10.2.6.5.1 Russia Sucrose Esters Market by Application
10.2.6.5.2 Russia Sucrose Esters Market by Form
10.2.6.5.3 Russia Sucrose Esters Market by Function
10.2.6.6 Rest of Europe Sucrose Esters Market
10.2.6.6.1 Rest of Europe Sucrose Esters Market by Application
10.2.6.6.2 Rest of Europe Sucrose Esters Market by Form
10.2.6.6.3 Rest of Europe Sucrose Esters Market by Function
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Sucrose Esters Market Overview
10.3.2 Asia-Pacific Sucrose Esters Market Forecasts and Analysis
10.3.3 Asia-Pacific Sucrose Esters Market Forecasts and Analysis - By Application
10.3.4 Asia-Pacific Sucrose Esters Market Forecasts and Analysis - By Form
10.3.5 Asia-Pacific Sucrose Esters Market Forecasts and Analysis - By Function
10.3.6 Asia-Pacific Sucrose Esters Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Sucrose Esters Market
10.3.6.1.1 Australia Sucrose Esters Market by Application
10.3.6.1.2 Australia Sucrose Esters Market by Form
10.3.6.1.3 Australia Sucrose Esters Market by Function
10.3.6.2 China Sucrose Esters Market
10.3.6.2.1 China Sucrose Esters Market by Application
10.3.6.2.2 China Sucrose Esters Market by Form
10.3.6.2.3 China Sucrose Esters Market by Function
10.3.6.3 India Sucrose Esters Market
10.3.6.3.1 India Sucrose Esters Market by Application
10.3.6.3.2 India Sucrose Esters Market by Form
10.3.6.3.3 India Sucrose Esters Market by Function
10.3.6.4 Japan Sucrose Esters Market
10.3.6.4.1 Japan Sucrose Esters Market by Application
10.3.6.4.2 Japan Sucrose Esters Market by Form
10.3.6.4.3 Japan Sucrose Esters Market by Function
10.3.6.5 South Korea Sucrose Esters Market
10.3.6.5.1 South Korea Sucrose Esters Market by Application
10.3.6.5.2 South Korea Sucrose Esters Market by Form
10.3.6.5.3 South Korea Sucrose Esters Market by Function
10.3.6.6 Rest of Asia-Pacific Sucrose Esters Market
10.3.6.6.1 Rest of Asia-Pacific Sucrose Esters Market by Application
10.3.6.6.2 Rest of Asia-Pacific Sucrose Esters Market by Form
10.3.6.6.3 Rest of Asia-Pacific Sucrose Esters Market by Function
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Sucrose Esters Market Overview
10.4.2 Middle East and Africa Sucrose Esters Market Forecasts and Analysis
10.4.3 Middle East and Africa Sucrose Esters Market Forecasts and Analysis - By Application
10.4.4 Middle East and Africa Sucrose Esters Market Forecasts and Analysis - By Form
10.4.5 Middle East and Africa Sucrose Esters Market Forecasts and Analysis - By Function
10.4.6 Middle East and Africa Sucrose Esters Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Sucrose Esters Market
10.4.6.1.1 South Africa Sucrose Esters Market by Application
10.4.6.1.2 South Africa Sucrose Esters Market by Form
10.4.6.1.3 South Africa Sucrose Esters Market by Function
10.4.6.2 Saudi Arabia Sucrose Esters Market
10.4.6.2.1 Saudi Arabia Sucrose Esters Market by Application
10.4.6.2.2 Saudi Arabia Sucrose Esters Market by Form
10.4.6.2.3 Saudi Arabia Sucrose Esters Market by Function
10.4.6.3 U.A.E Sucrose Esters Market
10.4.6.3.1 U.A.E Sucrose Esters Market by Application
10.4.6.3.2 U.A.E Sucrose Esters Market by Form
10.4.6.3.3 U.A.E Sucrose Esters Market by Function
10.4.6.4 Rest of Middle East and Africa Sucrose Esters Market
10.4.6.4.1 Rest of Middle East and Africa Sucrose Esters Market by Application
10.4.6.4.2 Rest of Middle East and Africa Sucrose Esters Market by Form
10.4.6.4.3 Rest of Middle East and Africa Sucrose Esters Market by Function
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Sucrose Esters Market Overview
10.5.2 South and Central America Sucrose Esters Market Forecasts and Analysis
10.5.3 South and Central America Sucrose Esters Market Forecasts and Analysis - By Application
10.5.4 South and Central America Sucrose Esters Market Forecasts and Analysis - By Form
10.5.5 South and Central America Sucrose Esters Market Forecasts and Analysis - By Function
10.5.6 South and Central America Sucrose Esters Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Sucrose Esters Market
10.5.6.1.1 Brazil Sucrose Esters Market by Application
10.5.6.1.2 Brazil Sucrose Esters Market by Form
10.5.6.1.3 Brazil Sucrose Esters Market by Function
10.5.6.2 Argentina Sucrose Esters Market
10.5.6.2.1 Argentina Sucrose Esters Market by Application
10.5.6.2.2 Argentina Sucrose Esters Market by Form
10.5.6.2.3 Argentina Sucrose Esters Market by Function
10.5.6.3 Rest of South and Central America Sucrose Esters Market
10.5.6.3.1 Rest of South and Central America Sucrose Esters Market by Application
10.5.6.3.2 Rest of South and Central America Sucrose Esters Market by Form
10.5.6.3.3 Rest of South and Central America Sucrose Esters Market by Function
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. SUCROSE ESTERS MARKET, KEY COMPANY PROFILES
12.1. ADANA FOOD TECH
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. BASF SE
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. COMPASS 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. CRODA INTERNATIONAL PLC
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. DAI-ICHI KIMIA RAYA
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. EVONIK INDUSTRIES
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. MITSUBISHI CHEMICAL HOLDINGS CORPORATION
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. P AND G CHEMICALS
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. SISTERNA
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. ZHEJIANG SYNOSE TECH CO., LTD
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. Adana Food Tech
2. BASF SE
3. Compass Foods
4. Croda International Plc
5. Dai-Ichi Kimia Raya
6. Evonik Industries
7. Mitsubishi Chemical Holdings Corporation
8. P and G Chemicals
9. Sisterna
10. Zhejiang Synose Tech Co., Ltd
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