Tempeh Market Growth Report 2021-2031
The Tempeh Market is expected to register a CAGR of 5.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by category (organic and conventional). The report further presents an analysis based on the distribution channel (supermarkets and hypermarkets, convenience stores, online retail, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Tempeh Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Tempeh Market Segmentation
Category
- Organic and Conventional
Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
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Tempeh Market: Strategic Insights
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Tempeh Market Growth Drivers
- Plant-Based Diet Trend Drives Rising Demand for Tempeh: The demand for plant-based diets primarily supports the rising tempeh market. Increasing demand among consumers who are increasingly inclined to seek choices beyond meat because of health and ethical reasons makes tempeh a good source of proteins. Its versatility and ability to absorb flavors make it appealing to consumers embracing transitioning to or already living with plant-based lifestyles.
- Health Benefits Boost Tempeh’s Popularity Among Nutrition-Conscious Consumers: Most consumers are becoming health-conscious, and they are therefore interested in tempeh because of its numerous health benefits. Since tempeh is made from fermented soya, it consists of protein, fiber, and probiotics that positively impact digestive health and general well-being. As consumers gain more nutrition knowledge, more and more start to lean towards fermented foods, such as tempeh, in their quest for a healthier diet.
- Sustainability Concerns Fuel Tempeh's Appeal as an Eco-Friendly Protein: Sustainability dictates the tempeh market because consumers increasingly make choices towards an eco-friendly food perspective. Compared to animal proteins, a lower carbon footprint comes with tempeh, giving it an edge among green-conscious consumers. This sustainability trend in consumption encourages many people to shift their focus to plant-based proteins, thereby creating room for tempeh as a responsible alternative.
Tempeh Market Future Trends
- Flavor Innovations Expand Tempeh’s Appeal to a Broader Audience: Flavor innovations are key in the tempeh market with the brands exploring and innovating many seasons and marinating functions to enhance the flavorings. This diversification makes products more attractive to a much broader audience, even to people trying plant-based diets for the first time. Unique flavors help make products stand apart to attract adventurous customers looking for some new culinary experiences.
- Convenience Formats Drive Tempeh Adoption Among Busy Consumers: Convenience formats are gaining popularity in the tempeh market; consumers seek pre-marinated and ready-to-eat formats. The products answer the needs of busy consumers who seek quick, wholesome meal solutions. Brands make preparation easier for consumers to gain access to tempeh and, therefore, increase general usage by it in their diets.
- Tempeh's Global Culinary Integration Fuels Market Expansion: Tempeh has been incorporated into other world cuisines. Tempeh's versatility is evident in various dishes, from Asian stir-fries to Western sandwiches. This trend, therefore, widens the scope and helps the consumer find new avenues to consume it, hence expanding market growth.
Tempeh Market Opportunities
- Emerging Markets Drive Tempeh's Global Expansion with Local Innovation: The tempeh market also brings a great deal of expansion prospects to emerging markets where the popularity of plant-based eating is gaining momentum. Climbing health and ethical awareness is pushing brands to innovate products based on local taste and preference, capture new customer bases, and drive large volumes of sales growth across the world.
- Educational Campaigns Enhance Consumer Awareness and Demand for Tempeh: Educational campaigns, for instance, can be a good platform for educating consumers on the nutritional value and versatility of tempeh. Thus, demystifying tempeh through educating the consumer on the methods of cooking, health advantages, and recipes can increase acceptance and, consequently, demand.
- Partnerships with Food Brands Boost Tempeh’s Popularity and Consumer Adoption: Collaboration with food and restaurant brands represents a large potential avenue for creating awareness and appeal of tempeh. Getting tempeh into popular items or developing proprietary products is likely to drive new consumers to tempeh as part of preparation. Such alliances can drive more trials and create demand for the ingredient in order to make tempeh a staple.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tempeh Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Tempeh Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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
Brands are introducing diverse flavors to make tempeh more appealing is expected to be the key market trend
Henry's Tempeh Inc, Lightlife Foods Inc, Tootie’s Tempeh, Impulse, Noble Bean, Nutrisoy Pty Ltd, TEMPEA NATURAL FOODS, Northern Soy, and Primasoy
On the basis of geography, the temph market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
The major factors driving the temph market are:
1. Growing popularity of plant-based diets increases demand for tempeh as a meat alternative.
2. Consumer focus on sustainability encourages the adoption of lower-impact plant-based proteins like tempeh.
The Tempeh Market is estimated to witness a CAGR of 5.5% from 2023 to 2031
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 Tempeh Market - By Category
1.3.2 Tempeh Market - By Product
1.3.3 Tempeh Market - By Distribution Channel
1.3.4 Tempeh Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TEMPEH 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. TEMPEH 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. TEMPEH MARKET - GLOBAL MARKET ANALYSIS
6.1. TEMPEH - GLOBAL MARKET OVERVIEW
6.2. TEMPEH - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. FRESH
8.3.1. Overview
8.3.2. Fresh Market Forecast and Analysis
8.4. FROZEN
8.4.1. Overview
8.4.2. Frozen Market Forecast and Analysis
8.5. READY-TO-EAT
8.5.1. Overview
8.5.2. Ready-to-Eat Market Forecast and Analysis
9. TEMPEH MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. SUPERMARKETS AND HYPERMARKETS
9.3.1. Overview
9.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
9.4. CONVENIENCE STORES
9.4.1. Overview
9.4.2. Convenience Stores Market Forecast and Analysis
9.5. ONLINE RETAILS
9.5.1. Overview
9.5.2. Online Retails Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. TEMPEH MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tempeh Market Overview
10.1.2 North America Tempeh Market Forecasts and Analysis
10.1.3 North America Tempeh Market Forecasts and Analysis - By Category
10.1.4 North America Tempeh Market Forecasts and Analysis - By Product
10.1.5 North America Tempeh Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Tempeh Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tempeh Market
10.1.6.1.1 United States Tempeh Market by Category
10.1.6.1.2 United States Tempeh Market by Product
10.1.6.1.3 United States Tempeh Market by Distribution Channel
10.1.6.2 Canada Tempeh Market
10.1.6.2.1 Canada Tempeh Market by Category
10.1.6.2.2 Canada Tempeh Market by Product
10.1.6.2.3 Canada Tempeh Market by Distribution Channel
10.1.6.3 Mexico Tempeh Market
10.1.6.3.1 Mexico Tempeh Market by Category
10.1.6.3.2 Mexico Tempeh Market by Product
10.1.6.3.3 Mexico Tempeh Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Tempeh Market Overview
10.2.2 Europe Tempeh Market Forecasts and Analysis
10.2.3 Europe Tempeh Market Forecasts and Analysis - By Category
10.2.4 Europe Tempeh Market Forecasts and Analysis - By Product
10.2.5 Europe Tempeh Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Tempeh Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tempeh Market
10.2.6.1.1 Germany Tempeh Market by Category
10.2.6.1.2 Germany Tempeh Market by Product
10.2.6.1.3 Germany Tempeh Market by Distribution Channel
10.2.6.2 France Tempeh Market
10.2.6.2.1 France Tempeh Market by Category
10.2.6.2.2 France Tempeh Market by Product
10.2.6.2.3 France Tempeh Market by Distribution Channel
10.2.6.3 Italy Tempeh Market
10.2.6.3.1 Italy Tempeh Market by Category
10.2.6.3.2 Italy Tempeh Market by Product
10.2.6.3.3 Italy Tempeh Market by Distribution Channel
10.2.6.4 United Kingdom Tempeh Market
10.2.6.4.1 United Kingdom Tempeh Market by Category
10.2.6.4.2 United Kingdom Tempeh Market by Product
10.2.6.4.3 United Kingdom Tempeh Market by Distribution Channel
10.2.6.5 Russia Tempeh Market
10.2.6.5.1 Russia Tempeh Market by Category
10.2.6.5.2 Russia Tempeh Market by Product
10.2.6.5.3 Russia Tempeh Market by Distribution Channel
10.2.6.6 Rest of Europe Tempeh Market
10.2.6.6.1 Rest of Europe Tempeh Market by Category
10.2.6.6.2 Rest of Europe Tempeh Market by Product
10.2.6.6.3 Rest of Europe Tempeh Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tempeh Market Overview
10.3.2 Asia-Pacific Tempeh Market Forecasts and Analysis
10.3.3 Asia-Pacific Tempeh Market Forecasts and Analysis - By Category
10.3.4 Asia-Pacific Tempeh Market Forecasts and Analysis - By Product
10.3.5 Asia-Pacific Tempeh Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Tempeh Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tempeh Market
10.3.6.1.1 Australia Tempeh Market by Category
10.3.6.1.2 Australia Tempeh Market by Product
10.3.6.1.3 Australia Tempeh Market by Distribution Channel
10.3.6.2 China Tempeh Market
10.3.6.2.1 China Tempeh Market by Category
10.3.6.2.2 China Tempeh Market by Product
10.3.6.2.3 China Tempeh Market by Distribution Channel
10.3.6.3 India Tempeh Market
10.3.6.3.1 India Tempeh Market by Category
10.3.6.3.2 India Tempeh Market by Product
10.3.6.3.3 India Tempeh Market by Distribution Channel
10.3.6.4 Japan Tempeh Market
10.3.6.4.1 Japan Tempeh Market by Category
10.3.6.4.2 Japan Tempeh Market by Product
10.3.6.4.3 Japan Tempeh Market by Distribution Channel
10.3.6.5 South Korea Tempeh Market
10.3.6.5.1 South Korea Tempeh Market by Category
10.3.6.5.2 South Korea Tempeh Market by Product
10.3.6.5.3 South Korea Tempeh Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Tempeh Market
10.3.6.6.1 Rest of Asia-Pacific Tempeh Market by Category
10.3.6.6.2 Rest of Asia-Pacific Tempeh Market by Product
10.3.6.6.3 Rest of Asia-Pacific Tempeh Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tempeh Market Overview
10.4.2 Middle East and Africa Tempeh Market Forecasts and Analysis
10.4.3 Middle East and Africa Tempeh Market Forecasts and Analysis - By Category
10.4.4 Middle East and Africa Tempeh Market Forecasts and Analysis - By Product
10.4.5 Middle East and Africa Tempeh Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Tempeh Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tempeh Market
10.4.6.1.1 South Africa Tempeh Market by Category
10.4.6.1.2 South Africa Tempeh Market by Product
10.4.6.1.3 South Africa Tempeh Market by Distribution Channel
10.4.6.2 Saudi Arabia Tempeh Market
10.4.6.2.1 Saudi Arabia Tempeh Market by Category
10.4.6.2.2 Saudi Arabia Tempeh Market by Product
10.4.6.2.3 Saudi Arabia Tempeh Market by Distribution Channel
10.4.6.3 U.A.E Tempeh Market
10.4.6.3.1 U.A.E Tempeh Market by Category
10.4.6.3.2 U.A.E Tempeh Market by Product
10.4.6.3.3 U.A.E Tempeh Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Tempeh Market
10.4.6.4.1 Rest of Middle East and Africa Tempeh Market by Category
10.4.6.4.2 Rest of Middle East and Africa Tempeh Market by Product
10.4.6.4.3 Rest of Middle East and Africa Tempeh Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tempeh Market Overview
10.5.2 South and Central America Tempeh Market Forecasts and Analysis
10.5.3 South and Central America Tempeh Market Forecasts and Analysis - By Category
10.5.4 South and Central America Tempeh Market Forecasts and Analysis - By Product
10.5.5 South and Central America Tempeh Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Tempeh Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tempeh Market
10.5.6.1.1 Brazil Tempeh Market by Category
10.5.6.1.2 Brazil Tempeh Market by Product
10.5.6.1.3 Brazil Tempeh Market by Distribution Channel
10.5.6.2 Argentina Tempeh Market
10.5.6.2.1 Argentina Tempeh Market by Category
10.5.6.2.2 Argentina Tempeh Market by Product
10.5.6.2.3 Argentina Tempeh Market by Distribution Channel
10.5.6.3 Rest of South and Central America Tempeh Market
10.5.6.3.1 Rest of South and Central America Tempeh Market by Category
10.5.6.3.2 Rest of South and Central America Tempeh Market by Product
10.5.6.3.3 Rest of South and Central America Tempeh 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. TEMPEH MARKET, KEY COMPANY PROFILES
12.1. HENRY'S TEMPEH INC.
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. LIGHTLIFE FOODS, INC
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. LALIBELA FARM
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. OLIVER'S MARKETS
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. MIGHTY BEAN TEMPEH
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. TOFURKY
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. NOBLE BEAN
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. NUTRISOY PTY LTD
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. SCHOUTEN
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. TEMPEA NATURAL 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
12.11. TOTALLY TEMPEH
12.11.1. Key Facts
12.11.2. Business Description
12.11.3. Products and Services
12.11.4. Financial Overview
12.11.5. SWOT Analysis
12.11.6. Key Developments
12.12. PRIMASOY
12.12.1. Key Facts
12.12.2. Business Description
12.12.3. Products and Services
12.12.4. Financial Overview
12.12.5. SWOT Analysis
12.12.6. Key Developments
12.13. TABLE UNDER A TREE
12.13.1. Key Facts
12.13.2. Business Description
12.13.3. Products and Services
12.13.4. Financial Overview
12.13.5. SWOT Analysis
12.13.6. Key Developments
12.14. GWEN TEMPEH
12.14.1. Key Facts
12.14.2. Business Description
12.14.3. Products and Services
12.14.4. Financial Overview
12.14.5. SWOT Analysis
12.14.6. Key Developments
12.15. SBC TEMPEH MANUFACTURERS
12.15.1. Key Facts
12.15.2. Business Description
12.15.3. Products and Services
12.15.4. Financial Overview
12.15.5. SWOT Analysis
12.15.6. Key Developments
12.16. TOFU NAGEL MANUFAKTUR CHRISTIAN NAGEL GMBH
12.16.1. Key Facts
12.16.2. Business Description
12.16.3. Products and Services
12.16.4. Financial Overview
12.16.5. SWOT Analysis
12.16.6. Key Developments
12.17. RHAPSODY NATURAL FOODS
12.17.1. Key Facts
12.17.2. Business Description
12.17.3. Products and Services
12.17.4. Financial Overview
12.17.5. SWOT Analysis
12.17.6. Key Developments
12.18. NOFFOODS
12.18.1. Key Facts
12.18.2. Business Description
12.18.3. Products and Services
12.18.4. Financial Overview
12.18.5. SWOT Analysis
12.18.6. Key Developments
12.19. IMPULSE
12.19.1. Key Facts
12.19.2. Business Description
12.19.3. Products and Services
12.19.4. Financial Overview
12.19.5. SWOT Analysis
12.19.6. Key Developments
12.20. SOYBOY
12.20.1. Key Facts
12.20.2. Business Description
12.20.3. Products and Services
12.20.4. Financial Overview
12.20.5. SWOT Analysis
12.20.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Henry's Tempeh Inc.
2. Lightlife Foods, Inc
3. Lalibela Farm
4. Oliver's Markets
5. Mighty Bean Tempeh
6. Tofurky
7. Noble Bean
8. Nutrisoy Pty Ltd
9. Schouten
10. TEMPEA NATURAL FOODS
11. Totally Tempeh
12. Primasoy
13. Table Under a Tree
14. GWEN TEMPEH
15. SBC Tempeh Manufacturers
16. Tofu Nagel Manufaktur Christian Nagel GmbH
17. RHAPSODY NATURAL FOODS
18. Noffoods
19. Impulse
20.SoyBoy
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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