Textured Soy Protein Market Strategies and Share 2031
The textured soy protein, also known as, textured vegetable protein are a rich source of protein with little to no fat content and no cholesterol. Textured soy proteins are generally made from soy flour derived from de-fatted soybean flakes. The ground flour is then extruded using water, heat, and pressure and finally cut and baked to add texture. TSP can also be made from soy protein concentrates or soy protein isolate. TSP is available in the form of chunks, slices, flakes, crumbles, and bits. TSP is 50% protein and an inexpensive source of dietary fiber and isoflavones. It is an ideal alternative for meat and dairy products as well. It is rich in healthy high quality protein and contains amino acids essential for growth. Soy protein may help reduce the risks for heart-diseases by increasing the flexibility of blood vessels by lowering blood cholesterol.
MARKET DYNAMICS
The textured soy protein market is anticipated to grow in the forecast period owing to driving factors such as awareness among the population regarding importance of protein rich diet. Lower prices of the product coupled with its high nutritional value and health benefits further fuel the growth of the textured soy protein market. However, strict government regulations for cultivation of GM crops may hamper the growth of this market. Nonetheless, the growing trend of veganism and consumption of plant-based protein source offers lucrative opportunities for the textured soy protein market and the key players involved during the forecast period.
MARKET SCOPE
The "Global Textured Soy Protein 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 textured soy protein market with detailed market segmentation by type, form, application, and geography. The global textured soy protein market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading textured soy protein market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global textured soy protein market is segmented on the basis of type, form, and application. Based on type, the market is segmented as non-GMO, conventional, organic, and others. The market on the basis of the form, is classified as soy protein concentrates, soy protein isolates, and others. On the basis of the application the market is segmented as meat substitutes, dairy alternatives, infant nutrition, bakery products, cereals & snacks, animal feed, 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 textured soy protein 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 & Central America. The textured soy protein 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 textured soy protein 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 & Central America after evaluating political, economic, social and technological factors affecting the textured soy protein market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global textured soy protein 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 & Central America. The textured soy protein 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 textured soy protein 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 & Central America after evaluating political, economic, social and technological factors affecting the textured soy protein market in these regions.
MARKET PLAYERS
The reports cover key developments in the textured soy protein 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 the way for the expansion of business and customer base of market players. The market payers from textured soy protein market are anticipated to lucrative growth opportunities in the future with the rising demand for textured soy protein in the global market. Below mentioned is the list of few companies engaged in the textured soy protein market.
The report also includes the profiles of key textured soy protein companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- Archer Daniels Midland Company
- Bremil Group
- Cargill, Incorporated.
- Crown Soya Protein Group
- DuPont Nutrition & Health
- Dutch Protein & Services B.V.
- HungYang Foods, Co, Ltd
- Shandong Yuxin Bio-Tech Co.,ltd.
- Victoria Group A.D.
- Wilmar International Ltd
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
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
1.3.1Textured Soy Protein Market - By Type
1.3.2Textured Soy Protein Market - By Form
1.3.3Textured Soy Protein Market - By Application
1.3.4Textured Soy Protein Market - By Region
1.3.4.1By Country
2.KEY TAKEWAYS
3.RESEARCH METHODOLOGY
4.TEXTURED SOY PROTEIN MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.TEXTURED SOY PROTEIN 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.TEXTURED SOY PROTEIN MARKET - GLOBAL MARKET ANALYSIS
6.1.TEXTURED SOY PROTEIN - GLOBAL MARKET OVERVIEW
6.2.TEXTURED SOY PROTEIN - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.TEXTURED SOY PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.NON-GMO
7.3.1.Overview
7.3.2.Non-GMO Market Forecast and Analysis
7.4.CONVENTIONAL
7.4.1.Overview
7.4.2.Conventional Market Forecast and Analysis
7.5.ORGANIC
7.5.1.Overview
7.5.2.Organic Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.TEXTURED SOY PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - FORM
8.1.OVERVIEW
8.2.FORM MARKET FORECASTS AND ANALYSIS
8.3.SOY PROTEIN CONCENTRATES
8.3.1.Overview
8.3.2.Soy protein concentrates Market Forecast and Analysis
8.4.SOY PROTEIN ISOLATES
8.4.1.Overview
8.4.2.Soy protein isolates Market Forecast and Analysis
8.5.OTHERS
8.5.1.Overview
8.5.2.Others Market Forecast and Analysis
9.TEXTURED SOY PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1.OVERVIEW
9.2.APPLICATION MARKET FORECASTS AND ANALYSIS
9.3.MEAT SUBSTITUTES
9.3.1.Overview
9.3.2.Meat substitutes Market Forecast and Analysis
9.4.DAIRY ALTERNATIVES
9.4.1.Overview
9.4.2.Dairy alternatives Market Forecast and Analysis
9.5.INFANT NUTRITION
9.5.1.Overview
9.5.2.Infant nutrition Market Forecast and Analysis
9.6.BAKERY PRODUCTS
9.6.1.Overview
9.6.2.Bakery products Market Forecast and Analysis
9.7.CEREALS AND SNACKS
9.7.1.Overview
9.7.2.Cereals and snacks Market Forecast and Analysis
9.8.ANIMAL FEED
9.8.1.Overview
9.8.2.Animal Feed Market Forecast and Analysis
9.9.OTHERS
9.9.1.Overview
9.9.2.Others Market Forecast and Analysis
10.TEXTURED SOY PROTEIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Textured Soy Protein Market Overview
10.1.2North America Textured Soy Protein Market Forecasts and Analysis
10.1.3North America Textured Soy Protein Market Forecasts and Analysis - By Type
10.1.4North America Textured Soy Protein Market Forecasts and Analysis - By Form
10.1.5North America Textured Soy Protein Market Forecasts and Analysis - By Application
10.1.6North America Textured Soy Protein Market Forecasts and Analysis - By Countries
10.1.6.1United States Textured Soy Protein Market
10.1.6.1.1United States Textured Soy Protein Market by Type
10.1.6.1.2United States Textured Soy Protein Market by Form
10.1.6.1.3United States Textured Soy Protein Market by Application
10.1.6.2Canada Textured Soy Protein Market
10.1.6.2.1Canada Textured Soy Protein Market by Type
10.1.6.2.2Canada Textured Soy Protein Market by Form
10.1.6.2.3Canada Textured Soy Protein Market by Application
10.1.6.3Mexico Textured Soy Protein Market
10.1.6.3.1Mexico Textured Soy Protein Market by Type
10.1.6.3.2Mexico Textured Soy Protein Market by Form
10.1.6.3.3Mexico Textured Soy Protein Market by Application
10.2.EUROPE
10.2.1Europe Textured Soy Protein Market Overview
10.2.2Europe Textured Soy Protein Market Forecasts and Analysis
10.2.3Europe Textured Soy Protein Market Forecasts and Analysis - By Type
10.2.4Europe Textured Soy Protein Market Forecasts and Analysis - By Form
10.2.5Europe Textured Soy Protein Market Forecasts and Analysis - By Application
10.2.6Europe Textured Soy Protein Market Forecasts and Analysis - By Countries
10.2.6.1Germany Textured Soy Protein Market
10.2.6.1.1Germany Textured Soy Protein Market by Type
10.2.6.1.2Germany Textured Soy Protein Market by Form
10.2.6.1.3Germany Textured Soy Protein Market by Application
10.2.6.2France Textured Soy Protein Market
10.2.6.2.1France Textured Soy Protein Market by Type
10.2.6.2.2France Textured Soy Protein Market by Form
10.2.6.2.3France Textured Soy Protein Market by Application
10.2.6.3Italy Textured Soy Protein Market
10.2.6.3.1Italy Textured Soy Protein Market by Type
10.2.6.3.2Italy Textured Soy Protein Market by Form
10.2.6.3.3Italy Textured Soy Protein Market by Application
10.2.6.4United Kingdom Textured Soy Protein Market
10.2.6.4.1United Kingdom Textured Soy Protein Market by Type
10.2.6.4.2United Kingdom Textured Soy Protein Market by Form
10.2.6.4.3United Kingdom Textured Soy Protein Market by Application
10.2.6.5Russia Textured Soy Protein Market
10.2.6.5.1Russia Textured Soy Protein Market by Type
10.2.6.5.2Russia Textured Soy Protein Market by Form
10.2.6.5.3Russia Textured Soy Protein Market by Application
10.2.6.6Rest of Europe Textured Soy Protein Market
10.2.6.6.1Rest of Europe Textured Soy Protein Market by Type
10.2.6.6.2Rest of Europe Textured Soy Protein Market by Form
10.2.6.6.3Rest of Europe Textured Soy Protein Market by Application
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Textured Soy Protein Market Overview
10.3.2Asia-Pacific Textured Soy Protein Market Forecasts and Analysis
10.3.3Asia-Pacific Textured Soy Protein Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Textured Soy Protein Market Forecasts and Analysis - By Form
10.3.5Asia-Pacific Textured Soy Protein Market Forecasts and Analysis - By Application
10.3.6Asia-Pacific Textured Soy Protein Market Forecasts and Analysis - By Countries
10.3.6.1Australia Textured Soy Protein Market
10.3.6.1.1Australia Textured Soy Protein Market by Type
10.3.6.1.2Australia Textured Soy Protein Market by Form
10.3.6.1.3Australia Textured Soy Protein Market by Application
10.3.6.2China Textured Soy Protein Market
10.3.6.2.1China Textured Soy Protein Market by Type
10.3.6.2.2China Textured Soy Protein Market by Form
10.3.6.2.3China Textured Soy Protein Market by Application
10.3.6.3India Textured Soy Protein Market
10.3.6.3.1India Textured Soy Protein Market by Type
10.3.6.3.2India Textured Soy Protein Market by Form
10.3.6.3.3India Textured Soy Protein Market by Application
10.3.6.4Japan Textured Soy Protein Market
10.3.6.4.1Japan Textured Soy Protein Market by Type
10.3.6.4.2Japan Textured Soy Protein Market by Form
10.3.6.4.3Japan Textured Soy Protein Market by Application
10.3.6.5South Korea Textured Soy Protein Market
10.3.6.5.1South Korea Textured Soy Protein Market by Type
10.3.6.5.2South Korea Textured Soy Protein Market by Form
10.3.6.5.3South Korea Textured Soy Protein Market by Application
10.3.6.6Rest of Asia-Pacific Textured Soy Protein Market
10.3.6.6.1Rest of Asia-Pacific Textured Soy Protein Market by Type
10.3.6.6.2Rest of Asia-Pacific Textured Soy Protein Market by Form
10.3.6.6.3Rest of Asia-Pacific Textured Soy Protein Market by Application
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Textured Soy Protein Market Overview
10.4.2Middle East and Africa Textured Soy Protein Market Forecasts and Analysis
10.4.3Middle East and Africa Textured Soy Protein Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Textured Soy Protein Market Forecasts and Analysis - By Form
10.4.5Middle East and Africa Textured Soy Protein Market Forecasts and Analysis - By Application
10.4.6Middle East and Africa Textured Soy Protein Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Textured Soy Protein Market
10.4.6.1.1South Africa Textured Soy Protein Market by Type
10.4.6.1.2South Africa Textured Soy Protein Market by Form
10.4.6.1.3South Africa Textured Soy Protein Market by Application
10.4.6.2Saudi Arabia Textured Soy Protein Market
10.4.6.2.1Saudi Arabia Textured Soy Protein Market by Type
10.4.6.2.2Saudi Arabia Textured Soy Protein Market by Form
10.4.6.2.3Saudi Arabia Textured Soy Protein Market by Application
10.4.6.3U.A.E Textured Soy Protein Market
10.4.6.3.1U.A.E Textured Soy Protein Market by Type
10.4.6.3.2U.A.E Textured Soy Protein Market by Form
10.4.6.3.3U.A.E Textured Soy Protein Market by Application
10.4.6.4Rest of Middle East and Africa Textured Soy Protein Market
10.4.6.4.1Rest of Middle East and Africa Textured Soy Protein Market by Type
10.4.6.4.2Rest of Middle East and Africa Textured Soy Protein Market by Form
10.4.6.4.3Rest of Middle East and Africa Textured Soy Protein Market by Application
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Textured Soy Protein Market Overview
10.5.2South and Central America Textured Soy Protein Market Forecasts and Analysis
10.5.3South and Central America Textured Soy Protein Market Forecasts and Analysis - By Type
10.5.4South and Central America Textured Soy Protein Market Forecasts and Analysis - By Form
10.5.5South and Central America Textured Soy Protein Market Forecasts and Analysis - By Application
10.5.6South and Central America Textured Soy Protein Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Textured Soy Protein Market
10.5.6.1.1Brazil Textured Soy Protein Market by Type
10.5.6.1.2Brazil Textured Soy Protein Market by Form
10.5.6.1.3Brazil Textured Soy Protein Market by Application
10.5.6.2Argentina Textured Soy Protein Market
10.5.6.2.1Argentina Textured Soy Protein Market by Type
10.5.6.2.2Argentina Textured Soy Protein Market by Form
10.5.6.2.3Argentina Textured Soy Protein Market by Application
10.5.6.3Rest of South and Central America Textured Soy Protein Market
10.5.6.3.1Rest of South and Central America Textured Soy Protein Market by Type
10.5.6.3.2Rest of South and Central America Textured Soy Protein Market by Form
10.5.6.3.3Rest of South and Central America Textured Soy Protein 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.TEXTURED SOY PROTEIN 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.BREMIL GROUP
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.CARGILL, INCORPORATED.
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.CROWN SOYA PROTEIN GROUP
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.DUPONT NUTRITION AND HEALTH
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.DUTCH PROTEIN AND SERVICES B.V.
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.HUNGYANG FOODS, CO, LTD
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.SHANDONG YUXIN BIO-TECH CO., 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.VICTORIA GROUP A.D.
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.WILMAR INTERNATIONAL 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. Archer Daniels Midland Company
2. Bremil Group
3. Cargill, Incorporated.
4. Crown Soya Protein Group
5. DuPont Nutrition and Health
6. Dutch Protein and Services B. V.
7. HungYang Foods, Co, Ltd
8. Shandong Yuxin Bio-Tech Co. , ltd.
9. Victoria Group A. D.
10. Wilmar International 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.
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