Textured Vegetable Protein Market Key Findings by 2031
The Textured Vegetable Protein Market is expected to register a CAGR of 8.9% 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 sources (pea, soybean, and others). The report is further segmented by product type (flakes, chunks, and others). The report is segmented by category (organic and conventional). The report further presents an analysis based on the application (food and beverages and animal nutrition). 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 ReportThe report Textured Vegetable Protein 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.
Textured Vegetable Protein Market Segmentation
Sources- Pea
- Soybean
- Others
- Flakes
- Chunks
- Others
- Organic and Conventional
Strategic Insights
Textured Vegetable Protein Market Growth Drivers- Rising Popularity of Vegetarian and Vegan Diets: One of the main drivers of the textured vegetable protein market is rising cases of vegetarian and vegan diets. All consumers are increasingly looking at alternative sources of meat as a response to various concerns, ranging from ethics to health and environmental reasons. This is what transforms the kind of food that different demographics prefer.
- Health-Conscious Consumers Propel Demand as a Healthy Meat Alternative: Heightening of health-conscious consumers are driving this increasing demand for textured vegetable proteins. Such consumers have better reasons to comprehend why a diet high in plant-based foods lowers cholesterol levels, aids digestive processes, and contributes to overall well-being. As these people drive their quest for healthier lifestyles, they opt for TVP as a healthy alternative to red meat, thus driving the market upward.
- Environmental Sustainability Concerns Boost Textured Vegetable Protein's Appeal Among Eco-Conscious Consumers: Environmental sustainability is also an important driver for the textured vegetable protein market. Issues of carbon footprint in the production of meat and resource depletion have evolved to become concerns of consumers seeking sources of protein. For this reason, TVP would be a sustainable alternative that goes well with the minds of environmentally-conscious consumer eager to reduce their footprint on the planet.
- Product Innovation with Customized Offerings: Recently, new product developments and innovations in the market are also increasing in textured vegetable protein. Some of the TVP products, especially burgers, sausages, and ready-to-eat meals, are developed specifically for individual markets by different companies. This provides tastes and dietary preference options to a large consumer base and lifts the popularity levels of plant-based options as a whole.
- Clean Labeling Trends Foster Consumer Loyalty for Textured Vegetable Protein Brands: Clean labeling is one of the fundamental trends in textured vegetable protein as more and more consumers require fewer and fewer processed products by holding clear ingredient lists. Brands find and advocate for natural ingredients, combined with their sustainability practice authenticity that gives brands loyalty from health-conscious shoppers.
- Nutritional Enrichment in Textured Vegetable Protein Expands Consumer Appeal and Health Benefits: Nutritional enrichment is one of the most prevailing trends in the TVP market, especially as manufacturers start to take the opportunity to avail of the addition of extra vitamins, minerals, and functional ingredients to TVP for the purpose of increasing health benefits in order to attract a broader consumer base. The increase in interest by consumers on healthy food options and rational choices linked to diet planning contributes to such a trend.
- Food Service Sector Opportunities Drive Textured Vegetable Protein Growth: Gaining opportunities in the food service sector mostly lie in the textured vegetable protein market. Restaurants and cafes are increasingly becoming open to the acceptance of plant-based menus, and as a result, there is a constant lookout for quality TVPs, thus creating opportunities for suppliers to go into partnerships with eateries that will work in enhancing their presence in the marketplace and drive sales.
- Emerging Markets Present Growth Potential for Textured Vegetable Protein: Emerging markets are a significant opportunity for the industry of textured vegetable proteins, particularly because the people in those regions, like Asia and Africa, are changing their dietary preferences to healthier and plant-based diets. As such, as the consumers of such regions become more health-oriented about their dietary preferences, demand for low-cost and healthy TVP products is likely to increase, propelling the growth of the market further.
- Collaborative Ventures Fuel Innovation and Market Capture for Textured Vegetable Protein: The interesting opportunities that a collaborative venture may provide for the textured vegetable protein market can be derived by companies partnering with chefs, food innovators, and research institutions to create products that are unique and appealing for the consumers to buy. Thus, such ventures enhance brand visibility, drive product development, and lead to higher market capture opportunities in the growing plant-based market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Textured Vegetable Protein 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 Textured Vegetable Protein 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.
REGIONAL FRAMEWORK
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- 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
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Textured Vegetable Protein Market is estimated to witness a CAGR of 8.9% from 2023 to 2031
The major factors driving the textured vegetable protein market are:
1. Increased interest in vegetarian and vegan lifestyles.
2. Environmental concerns driving alternatives to meat.
Archer Daniels Midland Co, Cargill Inc, Ingredion Inc, International Flavors & Fragrances Inc, Roquette Frères, The Scoular Co, BENEO GmbH, Axiom Foods Inc, Hoya Foods, andSun Nutrafoods
On the basis of geography, the textured vegetable protein 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.
Preference for minimally processed, transparent ingredients is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Textured Vegetable Protein Market - By Product Type
1.3.2 Textured Vegetable Protein Market - By Category
1.3.3 Textured Vegetable Protein Market - By Distribution Channel
1.3.4 Textured Vegetable Protein Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TEXTURED VEGETABLE PROTEIN 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. TEXTURED VEGETABLE 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 AND RESTRAINTS
6. TEXTURED VEGETABLE PROTEIN MARKET - GLOBAL MARKET ANALYSIS
6.1. TEXTURED VEGETABLE PROTEIN - GLOBAL MARKET OVERVIEW
6.2. TEXTURED VEGETABLE PROTEIN - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TEXTURED VEGETABLE PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLAKES
7.3.1. Overview
7.3.2. Flakes Market Forecast and Analysis
7.4. CHUNKS
7.4.1. Overview
7.4.2. Chunks Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. TEXTURED VEGETABLE PROTEIN MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
8.1. OVERVIEW
8.2. CATEGORY MARKET FORECASTS AND ANALYSIS
8.3. ORGANIC
8.3.1. Overview
8.3.2. Organic Market Forecast and Analysis
8.4. CONVENTIONAL
8.4.1. Overview
8.4.2. Conventional Market Forecast and Analysis
9. TEXTURED VEGETABLE PROTEIN 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 RETAIL
9.5.1. Overview
9.5.2. Online Retail Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. TEXTURED VEGETABLE PROTEIN MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Textured Vegetable Protein Market Overview
10.1.2 North America Textured Vegetable Protein Market Forecasts and Analysis
10.1.3 North America Textured Vegetable Protein Market Forecasts and Analysis - By Product Type
10.1.4 North America Textured Vegetable Protein Market Forecasts and Analysis - By Category
10.1.5 North America Textured Vegetable Protein Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Textured Vegetable Protein Market Forecasts and Analysis - By Countries
10.1.6.1 United States Textured Vegetable Protein Market
10.1.6.1.1 United States Textured Vegetable Protein Market by Product Type
10.1.6.1.2 United States Textured Vegetable Protein Market by Category
10.1.6.1.3 United States Textured Vegetable Protein Market by Distribution Channel
10.1.6.2 Canada Textured Vegetable Protein Market
10.1.6.2.1 Canada Textured Vegetable Protein Market by Product Type
10.1.6.2.2 Canada Textured Vegetable Protein Market by Category
10.1.6.2.3 Canada Textured Vegetable Protein Market by Distribution Channel
10.1.6.3 Mexico Textured Vegetable Protein Market
10.1.6.3.1 Mexico Textured Vegetable Protein Market by Product Type
10.1.6.3.2 Mexico Textured Vegetable Protein Market by Category
10.1.6.3.3 Mexico Textured Vegetable Protein Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Textured Vegetable Protein Market Overview
10.2.2 Europe Textured Vegetable Protein Market Forecasts and Analysis
10.2.3 Europe Textured Vegetable Protein Market Forecasts and Analysis - By Product Type
10.2.4 Europe Textured Vegetable Protein Market Forecasts and Analysis - By Category
10.2.5 Europe Textured Vegetable Protein Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Textured Vegetable Protein Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Textured Vegetable Protein Market
10.2.6.1.1 Germany Textured Vegetable Protein Market by Product Type
10.2.6.1.2 Germany Textured Vegetable Protein Market by Category
10.2.6.1.3 Germany Textured Vegetable Protein Market by Distribution Channel
10.2.6.2 France Textured Vegetable Protein Market
10.2.6.2.1 France Textured Vegetable Protein Market by Product Type
10.2.6.2.2 France Textured Vegetable Protein Market by Category
10.2.6.2.3 France Textured Vegetable Protein Market by Distribution Channel
10.2.6.3 Italy Textured Vegetable Protein Market
10.2.6.3.1 Italy Textured Vegetable Protein Market by Product Type
10.2.6.3.2 Italy Textured Vegetable Protein Market by Category
10.2.6.3.3 Italy Textured Vegetable Protein Market by Distribution Channel
10.2.6.4 United Kingdom Textured Vegetable Protein Market
10.2.6.4.1 United Kingdom Textured Vegetable Protein Market by Product Type
10.2.6.4.2 United Kingdom Textured Vegetable Protein Market by Category
10.2.6.4.3 United Kingdom Textured Vegetable Protein Market by Distribution Channel
10.2.6.5 Russia Textured Vegetable Protein Market
10.2.6.5.1 Russia Textured Vegetable Protein Market by Product Type
10.2.6.5.2 Russia Textured Vegetable Protein Market by Category
10.2.6.5.3 Russia Textured Vegetable Protein Market by Distribution Channel
10.2.6.6 Rest of Europe Textured Vegetable Protein Market
10.2.6.6.1 Rest of Europe Textured Vegetable Protein Market by Product Type
10.2.6.6.2 Rest of Europe Textured Vegetable Protein Market by Category
10.2.6.6.3 Rest of Europe Textured Vegetable Protein Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Textured Vegetable Protein Market Overview
10.3.2 Asia-Pacific Textured Vegetable Protein Market Forecasts and Analysis
10.3.3 Asia-Pacific Textured Vegetable Protein Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Textured Vegetable Protein Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Textured Vegetable Protein Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Textured Vegetable Protein Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Textured Vegetable Protein Market
10.3.6.1.1 Australia Textured Vegetable Protein Market by Product Type
10.3.6.1.2 Australia Textured Vegetable Protein Market by Category
10.3.6.1.3 Australia Textured Vegetable Protein Market by Distribution Channel
10.3.6.2 China Textured Vegetable Protein Market
10.3.6.2.1 China Textured Vegetable Protein Market by Product Type
10.3.6.2.2 China Textured Vegetable Protein Market by Category
10.3.6.2.3 China Textured Vegetable Protein Market by Distribution Channel
10.3.6.3 India Textured Vegetable Protein Market
10.3.6.3.1 India Textured Vegetable Protein Market by Product Type
10.3.6.3.2 India Textured Vegetable Protein Market by Category
10.3.6.3.3 India Textured Vegetable Protein Market by Distribution Channel
10.3.6.4 Japan Textured Vegetable Protein Market
10.3.6.4.1 Japan Textured Vegetable Protein Market by Product Type
10.3.6.4.2 Japan Textured Vegetable Protein Market by Category
10.3.6.4.3 Japan Textured Vegetable Protein Market by Distribution Channel
10.3.6.5 South Korea Textured Vegetable Protein Market
10.3.6.5.1 South Korea Textured Vegetable Protein Market by Product Type
10.3.6.5.2 South Korea Textured Vegetable Protein Market by Category
10.3.6.5.3 South Korea Textured Vegetable Protein Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Textured Vegetable Protein Market
10.3.6.6.1 Rest of Asia-Pacific Textured Vegetable Protein Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Textured Vegetable Protein Market by Category
10.3.6.6.3 Rest of Asia-Pacific Textured Vegetable Protein Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Textured Vegetable Protein Market Overview
10.4.2 Middle East and Africa Textured Vegetable Protein Market Forecasts and Analysis
10.4.3 Middle East and Africa Textured Vegetable Protein Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Textured Vegetable Protein Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Textured Vegetable Protein Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Textured Vegetable Protein Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Textured Vegetable Protein Market
10.4.6.1.1 South Africa Textured Vegetable Protein Market by Product Type
10.4.6.1.2 South Africa Textured Vegetable Protein Market by Category
10.4.6.1.3 South Africa Textured Vegetable Protein Market by Distribution Channel
10.4.6.2 Saudi Arabia Textured Vegetable Protein Market
10.4.6.2.1 Saudi Arabia Textured Vegetable Protein Market by Product Type
10.4.6.2.2 Saudi Arabia Textured Vegetable Protein Market by Category
10.4.6.2.3 Saudi Arabia Textured Vegetable Protein Market by Distribution Channel
10.4.6.3 U.A.E Textured Vegetable Protein Market
10.4.6.3.1 U.A.E Textured Vegetable Protein Market by Product Type
10.4.6.3.2 U.A.E Textured Vegetable Protein Market by Category
10.4.6.3.3 U.A.E Textured Vegetable Protein Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Textured Vegetable Protein Market
10.4.6.4.1 Rest of Middle East and Africa Textured Vegetable Protein Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Textured Vegetable Protein Market by Category
10.4.6.4.3 Rest of Middle East and Africa Textured Vegetable Protein Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Textured Vegetable Protein Market Overview
10.5.2 South and Central America Textured Vegetable Protein Market Forecasts and Analysis
10.5.3 South and Central America Textured Vegetable Protein Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Textured Vegetable Protein Market Forecasts and Analysis - By Category
10.5.5 South and Central America Textured Vegetable Protein Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Textured Vegetable Protein Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Textured Vegetable Protein Market
10.5.6.1.1 Brazil Textured Vegetable Protein Market by Product Type
10.5.6.1.2 Brazil Textured Vegetable Protein Market by Category
10.5.6.1.3 Brazil Textured Vegetable Protein Market by Distribution Channel
10.5.6.2 Argentina Textured Vegetable Protein Market
10.5.6.2.1 Argentina Textured Vegetable Protein Market by Product Type
10.5.6.2.2 Argentina Textured Vegetable Protein Market by Category
10.5.6.2.3 Argentina Textured Vegetable Protein Market by Distribution Channel
10.5.6.3 Rest of South and Central America Textured Vegetable Protein Market
10.5.6.3.1 Rest of South and Central America Textured Vegetable Protein Market by Product Type
10.5.6.3.2 Rest of South and Central America Textured Vegetable Protein Market by Category
10.5.6.3.3 Rest of South and Central America Textured Vegetable Protein 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. TEXTURED VEGETABLE PROTEIN MARKET, KEY COMPANY PROFILES
12.1. ADM
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. BENEO GMBH
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
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. DUPONT
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. MGP INGREDIENTS
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. PURIS FOODS
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. ROQUETTE FRERES
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. THE SCOULAR COMPANY
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. VESTKORN
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
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. ADM
2. Beneo GmbH
3. Cargill
4. DuPont
5. MGP Ingredients
6. Puris Foods
7. Roquette Freres
8. The Scoular Company
9. VestKorn
10. Wilmar International
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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