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

Coverage: Sugar Confectionery Market covers analysis By Product Type (Hard-Boiled Sweets, Caramel and Toffees, Gums and Jellies, Medicated Confectionery, Others); Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Online Retail, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00018924
  • Category : Food and Beverages
  • No. of Pages : 150
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Sugar Confectionery Market Developments by 2031

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MARKET INTRODUCTION

Sugar confectionery is referred to as sweets and is eaten by nearly all income classes. Sugar confectionery contains candies (usually referred to as candy), candied nuts, chocolates, chewing gum, bubble gum, pastillage, and other sweets made mainly from sugar. These brands provide a wide variety of products, ranging from individually packaged candy to sophisticated packaging for cheap products.

MARKET DYNAMICS

The global sugar confectionery market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to the expansion of the product portfolio and the growing retail market. Further, the launch of new products with creative flavors and nutritious ingredients, a rise in the gifting trend, and expansion in the retail industry are expected to fuel demand in the near future. Furthermore, an increase in disposable income and population growth in emerging countries such as China and India is expected to increase the demand during the analysis period. However, a global increase in health awareness and an increase in cases of diabetes among the population of a few developed countries are hindering the market. The market is expected to emerge lucrative due to an increase in investment by key players in advertisement and marketing campaigns to improve their brand awareness.

MARKET SCOPE

The "Global Sugar Confectionery 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 sugar confectionery market with detailed market segmentation by product type, distribution channel, and geography. The global sugar confectionery market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading sugar confectionery market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global sugar confectionery market is segmented on the basis of product type, and distribution channel. Based on product type, the global sugar confectionery market is segmented into hard-boiled sweets, caramel & toffees, gums & jellies, medicated confectionery, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, 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 sugar confectionery 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), the Middle East and Africa (MEA), and South America. The sugar confectionery 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 sugar confectionery market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 sugar confectionery market in these regions.
MARKETPLAYERS
The reports cover key developments in the sugar confectionery 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sugar confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for Sugar confectionery in the global market. Below mentioned is the list of few companies engaged in the Sugar confectionery market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Sugar confectionery 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.

  •   Nestle SA
  •   Chupa Chups SA.
  •   Cadbury PLC.
  •   Kraft Foods Inc.
  •   Ferrero SpA.
  •   The Hershey Company
  •   Perfetti Van Melle S.P.A.
  •   HARIBO Dunhills (Pontefract) PLC
  •   Lotte Confectionery Co Ltd
  •   WM Wrigley JR Company

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.
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  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 sugar confectionery 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), the Middle East and Africa (MEA), and South America. The sugar confectionery 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 sugar confectionery market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 sugar confectionery market in these regions.
MARKETPLAYERS
The reports cover key developments in the sugar confectionery 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Sugar confectionery market are anticipated to lucrative growth opportunities in the future with the rising demand for Sugar confectionery in the global market. Below mentioned is the list of few companies engaged in the Sugar confectionery market.

The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Sugar confectionery 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.

  •   Nestle SA
  •   Chupa Chups SA.
  •   Cadbury PLC.
  •   Kraft Foods Inc.
  •   Ferrero SpA.
  •   The Hershey Company
  •   Perfetti Van Melle S.P.A.
  •   HARIBO Dunhills (Pontefract) PLC
  •   Lotte Confectionery Co Ltd
  •   WM Wrigley JR Company

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 Sugar Confectionery Market - By Product Type
1.3.2 Sugar Confectionery Market - By Distribution Channel
1.3.3 Sugar Confectionery Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

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

7. SUGAR CONFECTIONERY MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. HARD-BOILED SWEETS
7.3.1. Overview
7.3.2. Hard-Boiled Sweets Market Forecast and Analysis
7.4. CARAMEL AND TOFFEES
7.4.1. Overview
7.4.2. Caramel and Toffees Market Forecast and Analysis
7.5. GUMS AND JELLIES
7.5.1. Overview
7.5.2. Gums and Jellies Market Forecast and Analysis
7.6. MEDICATED CONFECTIONERY
7.6.1. Overview
7.6.2. Medicated Confectionery Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SUGAR CONFECTIONERY MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. HYPERMARKETS AND SUPERMARKETS
8.3.1. Overview
8.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis

9. SUGAR CONFECTIONERY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Sugar Confectionery Market Overview
9.1.2 North America Sugar Confectionery Market Forecasts and Analysis
9.1.3 North America Sugar Confectionery Market Forecasts and Analysis - By Product Type
9.1.4 North America Sugar Confectionery Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Sugar Confectionery Market Forecasts and Analysis - By Countries
9.1.5.1 United States Sugar Confectionery Market
9.1.5.1.1 United States Sugar Confectionery Market by Product Type
9.1.5.1.2 United States Sugar Confectionery Market by Distribution Channel
9.1.5.2 Canada Sugar Confectionery Market
9.1.5.2.1 Canada Sugar Confectionery Market by Product Type
9.1.5.2.2 Canada Sugar Confectionery Market by Distribution Channel
9.1.5.3 Mexico Sugar Confectionery Market
9.1.5.3.1 Mexico Sugar Confectionery Market by Product Type
9.1.5.3.2 Mexico Sugar Confectionery Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Sugar Confectionery Market Overview
9.2.2 Europe Sugar Confectionery Market Forecasts and Analysis
9.2.3 Europe Sugar Confectionery Market Forecasts and Analysis - By Product Type
9.2.4 Europe Sugar Confectionery Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Sugar Confectionery Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Sugar Confectionery Market
9.2.5.1.1 Germany Sugar Confectionery Market by Product Type
9.2.5.1.2 Germany Sugar Confectionery Market by Distribution Channel
9.2.5.2 France Sugar Confectionery Market
9.2.5.2.1 France Sugar Confectionery Market by Product Type
9.2.5.2.2 France Sugar Confectionery Market by Distribution Channel
9.2.5.3 Italy Sugar Confectionery Market
9.2.5.3.1 Italy Sugar Confectionery Market by Product Type
9.2.5.3.2 Italy Sugar Confectionery Market by Distribution Channel
9.2.5.4 United Kingdom Sugar Confectionery Market
9.2.5.4.1 United Kingdom Sugar Confectionery Market by Product Type
9.2.5.4.2 United Kingdom Sugar Confectionery Market by Distribution Channel
9.2.5.5 Russia Sugar Confectionery Market
9.2.5.5.1 Russia Sugar Confectionery Market by Product Type
9.2.5.5.2 Russia Sugar Confectionery Market by Distribution Channel
9.2.5.6 Rest of Europe Sugar Confectionery Market
9.2.5.6.1 Rest of Europe Sugar Confectionery Market by Product Type
9.2.5.6.2 Rest of Europe Sugar Confectionery Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Sugar Confectionery Market Overview
9.3.2 Asia-Pacific Sugar Confectionery Market Forecasts and Analysis
9.3.3 Asia-Pacific Sugar Confectionery Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Sugar Confectionery Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Sugar Confectionery Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Sugar Confectionery Market
9.3.5.1.1 Australia Sugar Confectionery Market by Product Type
9.3.5.1.2 Australia Sugar Confectionery Market by Distribution Channel
9.3.5.2 China Sugar Confectionery Market
9.3.5.2.1 China Sugar Confectionery Market by Product Type
9.3.5.2.2 China Sugar Confectionery Market by Distribution Channel
9.3.5.3 India Sugar Confectionery Market
9.3.5.3.1 India Sugar Confectionery Market by Product Type
9.3.5.3.2 India Sugar Confectionery Market by Distribution Channel
9.3.5.4 Japan Sugar Confectionery Market
9.3.5.4.1 Japan Sugar Confectionery Market by Product Type
9.3.5.4.2 Japan Sugar Confectionery Market by Distribution Channel
9.3.5.5 South Korea Sugar Confectionery Market
9.3.5.5.1 South Korea Sugar Confectionery Market by Product Type
9.3.5.5.2 South Korea Sugar Confectionery Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Sugar Confectionery Market
9.3.5.6.1 Rest of Asia-Pacific Sugar Confectionery Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Sugar Confectionery Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Sugar Confectionery Market Overview
9.4.2 Middle East and Africa Sugar Confectionery Market Forecasts and Analysis
9.4.3 Middle East and Africa Sugar Confectionery Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Sugar Confectionery Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Sugar Confectionery Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Sugar Confectionery Market
9.4.5.1.1 South Africa Sugar Confectionery Market by Product Type
9.4.5.1.2 South Africa Sugar Confectionery Market by Distribution Channel
9.4.5.2 Saudi Arabia Sugar Confectionery Market
9.4.5.2.1 Saudi Arabia Sugar Confectionery Market by Product Type
9.4.5.2.2 Saudi Arabia Sugar Confectionery Market by Distribution Channel
9.4.5.3 U.A.E Sugar Confectionery Market
9.4.5.3.1 U.A.E Sugar Confectionery Market by Product Type
9.4.5.3.2 U.A.E Sugar Confectionery Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Sugar Confectionery Market
9.4.5.4.1 Rest of Middle East and Africa Sugar Confectionery Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Sugar Confectionery Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Sugar Confectionery Market Overview
9.5.2 South and Central America Sugar Confectionery Market Forecasts and Analysis
9.5.3 South and Central America Sugar Confectionery Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Sugar Confectionery Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Sugar Confectionery Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Sugar Confectionery Market
9.5.5.1.1 Brazil Sugar Confectionery Market by Product Type
9.5.5.1.2 Brazil Sugar Confectionery Market by Distribution Channel
9.5.5.2 Argentina Sugar Confectionery Market
9.5.5.2.1 Argentina Sugar Confectionery Market by Product Type
9.5.5.2.2 Argentina Sugar Confectionery Market by Distribution Channel
9.5.5.3 Rest of South and Central America Sugar Confectionery Market
9.5.5.3.1 Rest of South and Central America Sugar Confectionery Market by Product Type
9.5.5.3.2 Rest of South and Central America Sugar Confectionery Market by Distribution Channel

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. SUGAR CONFECTIONERY MARKET, KEY COMPANY PROFILES
11.1. CADBURY PLC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHUPA CHUPS SA.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FERRERO SPA.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HARIBO DUNHILLS (PONTEFRACT) PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KRAFT FOODS INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. LOTTE CONFECTIONERY CO LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. NESTLE SA
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PERFETTI VAN MELLE S.P.A.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THE HERSHEY COMPANY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WM WRIGLEY JR COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Cadbury PLC.
2. Chupa Chups SA.
3. Ferrero SpA.
4. HARIBO Dunhills (Pontefract) PLC
5. Kraft Foods Inc.
6. Lotte Confectionery Co Ltd
7. Nestle SA
8. Perfetti Van Melle S.P.A.
9. The Hershey Company
10. WM Wrigley JR Company

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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