Tiger Nuts Market Updates by 2031
The Tiger Nuts Market is expected to register a CAGR of 7.3% 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 product type (whole, sliced, and others). The report is further 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 ReportThe report Tiger Nuts 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.
Tiger Nuts Market Segmentation
Product Type- Whole
- Sliced
- Others
- Organic and Conventional
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
Strategic Insights
Tiger Nuts Market Growth Drivers- Health Benefits Drive Rising Popularity of Tiger Nuts: The key market driver includes awareness regarding the many health benefits present with tiger nuts. The nut is not only rich in fiber and healthy fats but also full of other essential nutrients, and its potential for offering benefits in digestive health and overall wellness places it on the rising scale of health-conscious consumers.
- Growing Demand for Tiger Nuts Due to Plant-Based Diet Trends: Demand for tiger nuts has increased significantly due to more people adopting plant-based diets, including vegetarians, vegans, and even people with gluten allergies. This huge variety has made tiger nuts versatile in providing a healthy, nutritious, plant-based food alternative.
- Sustainable Agriculture and Eco-Friendliness Boost Tiger Nut Appeal: Tiger nuts resist drought and use very small amounts of water. Thus, they are a crop of choice for sustainable agriculture. As there is growing awareness concerning the environment, people will want to buy environment-friendly food products. A player in that scenario is the eco-friendly tiger nut, which appeals to the ecologically aware customer.
- Product Innovation Drives Tiger Nut Market Expansion: Innovation in products nuts has experienced new development by offering product lines such as tiger nut flour, milk, and snack bars. These innovations provide for a wide range of consumer needs, thus offering variable applications in baking and cooking. Enhanced product lines attract health-conscious consumers looking for nutritious, convenient products.
- Rising Demand for Organic and Minimally Processed Tiger Nuts: There is a growing trend in the tiger nuts market to organic and minimally processed food. Consumers have increasingly sought organic tiger nuts based on healthy perceptions as well as environmentally friendly characteristics. In light of this trend, producers are placing emphasis on organic certification, which taps into the growing health-oriented shopper market.
- Cultural Revival Sparks Global Interest in Tiger Nuts: The cultural awareness of the importance of traditional foods further raises the profile for tiger nuts. With the discovery of worldwide cuisines, people start to realize that tiger nuts have a history in the Mediterranean and African diets. The trend then becomes part of the modern practice by engaging adventurous eaters.
- E-Commerce Growth Opens New Avenues for Tiger Nut Sales: Higher adoption of e-commerce will result in significant opportunities for the tiger nuts market. Online grocery shopping is rising, and with digital marketing and sales plans, the user base can be increased further. More consumers are now looking for healthy, convenient snacking options available through online shopping, thus opening opportunities for products consisting of tiger nuts to delve deeper into the market.
- Health Consciousness Fuels International Export Opportunities for Tiger Nuts: Growing public concern for health as the world's population seeks healthier alternatives pushes healthy snack consumption as one of the major export opportunities that lie in front of countries that have producers of tiger nuts. Regions where the crop is grown can work on taking advantage of this trend, establishing trade, and increasing their international market position.
- Tiger Nuts Positioned as a Premium Superfood for Health Enthusiasts: The increased interest in superfoods creates scope for selling tiger nuts as a premium, nutrient-rich product. Branded as a fiber-and healthy fats-dense superfood, they could easily appeal to niches of health and wellness consumers. It provides a formulation that can satisfy adventurous, health-conscious consumers seeking ways to innovate their dietary plans.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Tiger Nuts 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 Tiger Nuts 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
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
The Tiger Nuts Market is estimated to witness a CAGR of 7.3% from 2023 to 2031
The major factors driving the tiger nuts market are:
1. Awareness of high fiber and healthy fats boosts demand for tiger nuts.
2. Rising interest in gluten-free, plant-based snacks drives popularity.
Tiger Nuts USA, The Tiger Nut Co Ltd, KCB International, Good Soul Co, KCB International, Levantex, The Original Chufa Co, The Ludlow Nut Co Ltd
On the basis of geography, the tiger nuts 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.
Increased demand for organic and minimally processed foods 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 Tiger Nuts Market - By Product Type
1.3.2 Tiger Nuts Market - By Category
1.3.3 Tiger Nuts Market - By Distribution Channel
1.3.4 Tiger Nuts Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. TIGER NUTS 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. TIGER NUTS 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. TIGER NUTS MARKET - GLOBAL MARKET ANALYSIS
6.1. TIGER NUTS - GLOBAL MARKET OVERVIEW
6.2. TIGER NUTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. TIGER NUTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. WHOLE NUTS
7.3.1. Overview
7.3.2. Whole Nuts Market Forecast and Analysis
7.4. NUT MILK
7.4.1. Overview
7.4.2. Nut Milk Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. TIGER NUTS 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. TIGER NUTS 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 STORES
9.5.1. Overview
9.5.2. Online Stores Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. TIGER NUTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Tiger Nuts Market Overview
10.1.2 North America Tiger Nuts Market Forecasts and Analysis
10.1.3 North America Tiger Nuts Market Forecasts and Analysis - By Product Type
10.1.4 North America Tiger Nuts Market Forecasts and Analysis - By Category
10.1.5 North America Tiger Nuts Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Tiger Nuts Market Forecasts and Analysis - By Countries
10.1.6.1 United States Tiger Nuts Market
10.1.6.1.1 United States Tiger Nuts Market by Product Type
10.1.6.1.2 United States Tiger Nuts Market by Category
10.1.6.1.3 United States Tiger Nuts Market by Distribution Channel
10.1.6.2 Canada Tiger Nuts Market
10.1.6.2.1 Canada Tiger Nuts Market by Product Type
10.1.6.2.2 Canada Tiger Nuts Market by Category
10.1.6.2.3 Canada Tiger Nuts Market by Distribution Channel
10.1.6.3 Mexico Tiger Nuts Market
10.1.6.3.1 Mexico Tiger Nuts Market by Product Type
10.1.6.3.2 Mexico Tiger Nuts Market by Category
10.1.6.3.3 Mexico Tiger Nuts Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Tiger Nuts Market Overview
10.2.2 Europe Tiger Nuts Market Forecasts and Analysis
10.2.3 Europe Tiger Nuts Market Forecasts and Analysis - By Product Type
10.2.4 Europe Tiger Nuts Market Forecasts and Analysis - By Category
10.2.5 Europe Tiger Nuts Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Tiger Nuts Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Tiger Nuts Market
10.2.6.1.1 Germany Tiger Nuts Market by Product Type
10.2.6.1.2 Germany Tiger Nuts Market by Category
10.2.6.1.3 Germany Tiger Nuts Market by Distribution Channel
10.2.6.2 France Tiger Nuts Market
10.2.6.2.1 France Tiger Nuts Market by Product Type
10.2.6.2.2 France Tiger Nuts Market by Category
10.2.6.2.3 France Tiger Nuts Market by Distribution Channel
10.2.6.3 Italy Tiger Nuts Market
10.2.6.3.1 Italy Tiger Nuts Market by Product Type
10.2.6.3.2 Italy Tiger Nuts Market by Category
10.2.6.3.3 Italy Tiger Nuts Market by Distribution Channel
10.2.6.4 United Kingdom Tiger Nuts Market
10.2.6.4.1 United Kingdom Tiger Nuts Market by Product Type
10.2.6.4.2 United Kingdom Tiger Nuts Market by Category
10.2.6.4.3 United Kingdom Tiger Nuts Market by Distribution Channel
10.2.6.5 Russia Tiger Nuts Market
10.2.6.5.1 Russia Tiger Nuts Market by Product Type
10.2.6.5.2 Russia Tiger Nuts Market by Category
10.2.6.5.3 Russia Tiger Nuts Market by Distribution Channel
10.2.6.6 Rest of Europe Tiger Nuts Market
10.2.6.6.1 Rest of Europe Tiger Nuts Market by Product Type
10.2.6.6.2 Rest of Europe Tiger Nuts Market by Category
10.2.6.6.3 Rest of Europe Tiger Nuts Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Tiger Nuts Market Overview
10.3.2 Asia-Pacific Tiger Nuts Market Forecasts and Analysis
10.3.3 Asia-Pacific Tiger Nuts Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Tiger Nuts Market Forecasts and Analysis - By Category
10.3.5 Asia-Pacific Tiger Nuts Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Tiger Nuts Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Tiger Nuts Market
10.3.6.1.1 Australia Tiger Nuts Market by Product Type
10.3.6.1.2 Australia Tiger Nuts Market by Category
10.3.6.1.3 Australia Tiger Nuts Market by Distribution Channel
10.3.6.2 China Tiger Nuts Market
10.3.6.2.1 China Tiger Nuts Market by Product Type
10.3.6.2.2 China Tiger Nuts Market by Category
10.3.6.2.3 China Tiger Nuts Market by Distribution Channel
10.3.6.3 India Tiger Nuts Market
10.3.6.3.1 India Tiger Nuts Market by Product Type
10.3.6.3.2 India Tiger Nuts Market by Category
10.3.6.3.3 India Tiger Nuts Market by Distribution Channel
10.3.6.4 Japan Tiger Nuts Market
10.3.6.4.1 Japan Tiger Nuts Market by Product Type
10.3.6.4.2 Japan Tiger Nuts Market by Category
10.3.6.4.3 Japan Tiger Nuts Market by Distribution Channel
10.3.6.5 South Korea Tiger Nuts Market
10.3.6.5.1 South Korea Tiger Nuts Market by Product Type
10.3.6.5.2 South Korea Tiger Nuts Market by Category
10.3.6.5.3 South Korea Tiger Nuts Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Tiger Nuts Market
10.3.6.6.1 Rest of Asia-Pacific Tiger Nuts Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Tiger Nuts Market by Category
10.3.6.6.3 Rest of Asia-Pacific Tiger Nuts Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Tiger Nuts Market Overview
10.4.2 Middle East and Africa Tiger Nuts Market Forecasts and Analysis
10.4.3 Middle East and Africa Tiger Nuts Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Tiger Nuts Market Forecasts and Analysis - By Category
10.4.5 Middle East and Africa Tiger Nuts Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Tiger Nuts Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Tiger Nuts Market
10.4.6.1.1 South Africa Tiger Nuts Market by Product Type
10.4.6.1.2 South Africa Tiger Nuts Market by Category
10.4.6.1.3 South Africa Tiger Nuts Market by Distribution Channel
10.4.6.2 Saudi Arabia Tiger Nuts Market
10.4.6.2.1 Saudi Arabia Tiger Nuts Market by Product Type
10.4.6.2.2 Saudi Arabia Tiger Nuts Market by Category
10.4.6.2.3 Saudi Arabia Tiger Nuts Market by Distribution Channel
10.4.6.3 U.A.E Tiger Nuts Market
10.4.6.3.1 U.A.E Tiger Nuts Market by Product Type
10.4.6.3.2 U.A.E Tiger Nuts Market by Category
10.4.6.3.3 U.A.E Tiger Nuts Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Tiger Nuts Market
10.4.6.4.1 Rest of Middle East and Africa Tiger Nuts Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Tiger Nuts Market by Category
10.4.6.4.3 Rest of Middle East and Africa Tiger Nuts Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Tiger Nuts Market Overview
10.5.2 South and Central America Tiger Nuts Market Forecasts and Analysis
10.5.3 South and Central America Tiger Nuts Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Tiger Nuts Market Forecasts and Analysis - By Category
10.5.5 South and Central America Tiger Nuts Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Tiger Nuts Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Tiger Nuts Market
10.5.6.1.1 Brazil Tiger Nuts Market by Product Type
10.5.6.1.2 Brazil Tiger Nuts Market by Category
10.5.6.1.3 Brazil Tiger Nuts Market by Distribution Channel
10.5.6.2 Argentina Tiger Nuts Market
10.5.6.2.1 Argentina Tiger Nuts Market by Product Type
10.5.6.2.2 Argentina Tiger Nuts Market by Category
10.5.6.2.3 Argentina Tiger Nuts Market by Distribution Channel
10.5.6.3 Rest of South and Central America Tiger Nuts Market
10.5.6.3.1 Rest of South and Central America Tiger Nuts Market by Product Type
10.5.6.3.2 Rest of South and Central America Tiger Nuts Market by Category
10.5.6.3.3 Rest of South and Central America Tiger Nuts 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. TIGER NUTS MARKET, KEY COMPANY PROFILES
12.1. ACH FOOD COMPANIES, 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. ECOIDEAS
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. FONTAINE DE VIE
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. GOOD SOUL COMPANY
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. JOSE MARíA BOU, S.L
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. KCB INTERNATIONAL
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. LEVANTEX
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. LUDLOW NUT COMPANY 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. ORGANIC GEMINI
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. THE ORIGINAL CHUFA COMPANY
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. ACH Food Companies, Inc.
2. Ecoideas
3. Fontaine De Vie
4. Good Soul Company
5. Jose María Bou, S.L
6. KCB International
7. Levantex
8. Ludlow Nut Company Ltd.
9. Organic Gemini
10. The Original Chufa Company
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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