Vegetable Juice Concentrates Market Size 2031
The vegetable juice concentrates market is expected to register a CAGR of 6% during 2023–2031. The increasing demand for organic and clean-label products is likely to be the trend in the vegetable juice concentrates market.
Vegetable Juice Concentrates Market Analysis:
- The vegetable juice concentrates market exhibits steady growth due to rising consumer demand for healthy and convenient beverages. The key driving factors include the healthy lifestyles of consumers, the fast pace of life, and major applications of concentrates in many types of food and beverage.
- Market players are paying attention to product innovation and following the latest trend to introduce some highly natural and organic products to their customer groups. The region of Asia-Pacific will see the highest market share in the forecast period due to the fastest-growing urbanization and upgrading of dietary habits.
Vegetable Juice Concentrates Market Overview
- Vegetable juice concentrates are vegetable juices from which most of the water has been extracted. Depending on the type of vegetable used, it offers essential nutrients like minerals and vitamins.
- The vegetable juice concentrates are highly processed in comparison to the raw juices. The water is extraction in juice concentrates as it helps in reducing bacterial growth. They are generally stored at frozne or room temperature and then diluted in filtered water before being consumed.
- Also, the concentrates are rich in vitamin C and other antioxidants that help promote skin health and slow the effects of skin aging. It is usually consumed by the consumers as a healthy alternative to the freshly squeezed juice.
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Vegetable Juice Concentrates Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Vegetable Juice Concentrates Market: Strategic Insights
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Vegetable Juice Concentrates Market Drivers and Opportunities
Growing Application of Vegetable Juice Concentrates
- In the beverage industry, these concentrates are more popular in functional drinks and smoothies, which are appearing as a visible trend in consumer consuming habits in global markets, simply for the benefit of ready-to-use convenient nutrition.
- Food manufacturers are increasingly using concentrates from vegetables as natural additives to boost flavor and color in sauces, soups, crackers, snacks, or other products. Meanwhile, bakers add vegetable concentrates for flavor and color in all sorts of breads and other baked goods since consumers have become more interested in labels with no artificial ingredients.
- Nutraceuticals include vegetable juice concentrates, which are being added to dietary supplements so that consumers can easily consume a high concentration of nutrients. Concentrates are similarly being used in the growth of convenience foods as a way to increase the nutrient profile of ready-to-eat meals for the increasing number of health-conscious consumers who demand packaged products.
Increasing Demand for Natural Food Products
- The escalating demands for natural food products were creating several business opportunities, one of which is vegetable juice concentrates. Consumers were increasingly seeking foods and drinks with clean-label and minimally processed elements, prompting manufacturers to make use of natural ingredients.
- Vegetable juice concentrates can provide a natural alternative to artificial additives, thus bringing additional advantages: consumers are often attracted to natural flavors, colors, and nutrients, while food and beverage companies can deliver the natural products that consumers demand.
Vegetable Juice Concentrates Market Segmentation
The scope of the global vegetable juice concentrates market is segmented based on form, category, and application.
- On the basis of form, the market is segmented into powder and liquid.
- On the basis of category, the market is segmented into organic and conventional.
- Based on application, the vegetable juice concentrates market is classified into bakery and confectionery; beverages; soups, sauces, and condiments; dairy and frozen dessert; and others.
Vegetable Juice Concentrates Market Share Analysis by Geography
- The vegetable juice concentrates market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering vegetable juice concentrates market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers Porter's Five Forces analysis, which involves the study of major factors that influence the vegetable juice concentrates market in these regions.
Vegetable Juice Concentrates Market Report Scope
Vegetable Juice Concentrates Market News and Recent Developments:
The vegetable juice concentrates market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- Austria Juice showcased its latest organic juice concentrates and compounds at BioFach 2023, including a new pomegranate berry mix and lime guava drink. FoodIngredientsFirst spoke with Kai Oliver Antonius, a member of the board and CSO of added value for Austria Juice. (Source: Newsletter, Article, February 2023)
Vegetable Juice Concentrates Market Report Coverage and Deliverables
The "Vegetable Juice Concentrates Market Size and Forecast (2021 – 2031)" provides a detailed analysis of the market covering below areas:
- Vegetable juice concentrates market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Vegetable juice concentrates market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Vegetable juice concentrates market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the vegetable juice concentrates market
- Detailed company profiles
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.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The leading players operating in the vegetable juice concentrates market are Ciatti Company, Berrifine A/S, ADM, AGRANA Beteiligungs-AG, Dohler, Kanegrade, CitroGlobe S.r.l., INGREDION, SVZ Industrial Fruit and Vegetable Ingredients, and IPRONA SpA.
The increasing demand for organic and clean-label products is likely to be the trend in the vegetable juice concentrates market.
The global vegetable juice concentrates market is estimated to grow above 6% during the forecast period 2024-2031.
The growing application of vegetable juice concentrates is one of the major factors driving the vegetable juice concentrates market.
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 Vegetable Juice Concentrates Market - By Form
1.3.2 Vegetable Juice Concentrates Market - By Application
1.3.3 Vegetable Juice Concentrates Market - By Distribution Channel
1.3.4 Vegetable Juice Concentrates Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VEGETABLE JUICE CONCENTRATES 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. VEGETABLE JUICE CONCENTRATES 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. VEGETABLE JUICE CONCENTRATES MARKET - GLOBAL MARKET ANALYSIS
6.1. VEGETABLE JUICE CONCENTRATES - GLOBAL MARKET OVERVIEW
6.2. VEGETABLE JUICE CONCENTRATES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VEGETABLE JUICE CONCENTRATES MARKET - REVENUE AND FORECASTS TO 2028 – FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. LIQUID
7.3.1. Overview
7.3.2. Liquid Market Forecast and Analysis
7.4. POWDER
7.4.1. Overview
7.4.2. Powder Market Forecast and Analysis
7.5. PUREE
7.5.1. Overview
7.5.2. Puree Market Forecast and Analysis
7.6. CLEAR
7.6.1. Overview
7.6.2. Clear Market Forecast and Analysis
7.7. FROZEN
7.7.1. Overview
7.7.2. Frozen Market Forecast and Analysis
8. VEGETABLE JUICE CONCENTRATES MARKET - REVENUE AND FORECASTS TO 2028 – APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SAUCES AND SOUPS
8.3.1. Overview
8.3.2. Sauces and Soups Market Forecast and Analysis
8.4. CONFECTIONERY
8.4.1. Overview
8.4.2. Confectionery Market Forecast and Analysis
8.5. BEVERAGES
8.5.1. Overview
8.5.2. Beverages Market Forecast and Analysis
9. VEGETABLE JUICE CONCENTRATES MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
9.1. OVERVIEW
9.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3. HYPERMARKETS AND SUPERMARKETS
9.3.1. Overview
9.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
9.4. SPECIALTY STORES
9.4.1. Overview
9.4.2. Specialty Stores Market Forecast and Analysis
9.5. ONLINE
9.5.1. Overview
9.5.2. Online Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis
10. VEGETABLE JUICE CONCENTRATES MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Vegetable Juice Concentrates Market Overview
10.1.2 North America Vegetable Juice Concentrates Market Forecasts and Analysis
10.1.3 North America Vegetable Juice Concentrates Market Forecasts and Analysis - By Form
10.1.4 North America Vegetable Juice Concentrates Market Forecasts and Analysis - By Application
10.1.5 North America Vegetable Juice Concentrates Market Forecasts and Analysis - By Distribution Channel
10.1.6 North America Vegetable Juice Concentrates Market Forecasts and Analysis - By Countries
10.1.6.1 United States Vegetable Juice Concentrates Market
10.1.6.1.1 United States Vegetable Juice Concentrates Market by Form
10.1.6.1.2 United States Vegetable Juice Concentrates Market by Application
10.1.6.1.3 United States Vegetable Juice Concentrates Market by Distribution Channel
10.1.6.2 Canada Vegetable Juice Concentrates Market
10.1.6.2.1 Canada Vegetable Juice Concentrates Market by Form
10.1.6.2.2 Canada Vegetable Juice Concentrates Market by Application
10.1.6.2.3 Canada Vegetable Juice Concentrates Market by Distribution Channel
10.1.6.3 Mexico Vegetable Juice Concentrates Market
10.1.6.3.1 Mexico Vegetable Juice Concentrates Market by Form
10.1.6.3.2 Mexico Vegetable Juice Concentrates Market by Application
10.1.6.3.3 Mexico Vegetable Juice Concentrates Market by Distribution Channel
10.2. EUROPE
10.2.1 Europe Vegetable Juice Concentrates Market Overview
10.2.2 Europe Vegetable Juice Concentrates Market Forecasts and Analysis
10.2.3 Europe Vegetable Juice Concentrates Market Forecasts and Analysis - By Form
10.2.4 Europe Vegetable Juice Concentrates Market Forecasts and Analysis - By Application
10.2.5 Europe Vegetable Juice Concentrates Market Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Vegetable Juice Concentrates Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Vegetable Juice Concentrates Market
10.2.6.1.1 Germany Vegetable Juice Concentrates Market by Form
10.2.6.1.2 Germany Vegetable Juice Concentrates Market by Application
10.2.6.1.3 Germany Vegetable Juice Concentrates Market by Distribution Channel
10.2.6.2 France Vegetable Juice Concentrates Market
10.2.6.2.1 France Vegetable Juice Concentrates Market by Form
10.2.6.2.2 France Vegetable Juice Concentrates Market by Application
10.2.6.2.3 France Vegetable Juice Concentrates Market by Distribution Channel
10.2.6.3 Italy Vegetable Juice Concentrates Market
10.2.6.3.1 Italy Vegetable Juice Concentrates Market by Form
10.2.6.3.2 Italy Vegetable Juice Concentrates Market by Application
10.2.6.3.3 Italy Vegetable Juice Concentrates Market by Distribution Channel
10.2.6.4 United Kingdom Vegetable Juice Concentrates Market
10.2.6.4.1 United Kingdom Vegetable Juice Concentrates Market by Form
10.2.6.4.2 United Kingdom Vegetable Juice Concentrates Market by Application
10.2.6.4.3 United Kingdom Vegetable Juice Concentrates Market by Distribution Channel
10.2.6.5 Russia Vegetable Juice Concentrates Market
10.2.6.5.1 Russia Vegetable Juice Concentrates Market by Form
10.2.6.5.2 Russia Vegetable Juice Concentrates Market by Application
10.2.6.5.3 Russia Vegetable Juice Concentrates Market by Distribution Channel
10.2.6.6 Rest of Europe Vegetable Juice Concentrates Market
10.2.6.6.1 Rest of Europe Vegetable Juice Concentrates Market by Form
10.2.6.6.2 Rest of Europe Vegetable Juice Concentrates Market by Application
10.2.6.6.3 Rest of Europe Vegetable Juice Concentrates Market by Distribution Channel
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Vegetable Juice Concentrates Market Overview
10.3.2 Asia-Pacific Vegetable Juice Concentrates Market Forecasts and Analysis
10.3.3 Asia-Pacific Vegetable Juice Concentrates Market Forecasts and Analysis - By Form
10.3.4 Asia-Pacific Vegetable Juice Concentrates Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Vegetable Juice Concentrates Market Forecasts and Analysis - By Distribution Channel
10.3.6 Asia-Pacific Vegetable Juice Concentrates Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Vegetable Juice Concentrates Market
10.3.6.1.1 Australia Vegetable Juice Concentrates Market by Form
10.3.6.1.2 Australia Vegetable Juice Concentrates Market by Application
10.3.6.1.3 Australia Vegetable Juice Concentrates Market by Distribution Channel
10.3.6.2 China Vegetable Juice Concentrates Market
10.3.6.2.1 China Vegetable Juice Concentrates Market by Form
10.3.6.2.2 China Vegetable Juice Concentrates Market by Application
10.3.6.2.3 China Vegetable Juice Concentrates Market by Distribution Channel
10.3.6.3 India Vegetable Juice Concentrates Market
10.3.6.3.1 India Vegetable Juice Concentrates Market by Form
10.3.6.3.2 India Vegetable Juice Concentrates Market by Application
10.3.6.3.3 India Vegetable Juice Concentrates Market by Distribution Channel
10.3.6.4 Japan Vegetable Juice Concentrates Market
10.3.6.4.1 Japan Vegetable Juice Concentrates Market by Form
10.3.6.4.2 Japan Vegetable Juice Concentrates Market by Application
10.3.6.4.3 Japan Vegetable Juice Concentrates Market by Distribution Channel
10.3.6.5 South Korea Vegetable Juice Concentrates Market
10.3.6.5.1 South Korea Vegetable Juice Concentrates Market by Form
10.3.6.5.2 South Korea Vegetable Juice Concentrates Market by Application
10.3.6.5.3 South Korea Vegetable Juice Concentrates Market by Distribution Channel
10.3.6.6 Rest of Asia-Pacific Vegetable Juice Concentrates Market
10.3.6.6.1 Rest of Asia-Pacific Vegetable Juice Concentrates Market by Form
10.3.6.6.2 Rest of Asia-Pacific Vegetable Juice Concentrates Market by Application
10.3.6.6.3 Rest of Asia-Pacific Vegetable Juice Concentrates Market by Distribution Channel
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Vegetable Juice Concentrates Market Overview
10.4.2 Middle East and Africa Vegetable Juice Concentrates Market Forecasts and Analysis
10.4.3 Middle East and Africa Vegetable Juice Concentrates Market Forecasts and Analysis - By Form
10.4.4 Middle East and Africa Vegetable Juice Concentrates Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Vegetable Juice Concentrates Market Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East and Africa Vegetable Juice Concentrates Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Vegetable Juice Concentrates Market
10.4.6.1.1 South Africa Vegetable Juice Concentrates Market by Form
10.4.6.1.2 South Africa Vegetable Juice Concentrates Market by Application
10.4.6.1.3 South Africa Vegetable Juice Concentrates Market by Distribution Channel
10.4.6.2 Saudi Arabia Vegetable Juice Concentrates Market
10.4.6.2.1 Saudi Arabia Vegetable Juice Concentrates Market by Form
10.4.6.2.2 Saudi Arabia Vegetable Juice Concentrates Market by Application
10.4.6.2.3 Saudi Arabia Vegetable Juice Concentrates Market by Distribution Channel
10.4.6.3 U.A.E Vegetable Juice Concentrates Market
10.4.6.3.1 U.A.E Vegetable Juice Concentrates Market by Form
10.4.6.3.2 U.A.E Vegetable Juice Concentrates Market by Application
10.4.6.3.3 U.A.E Vegetable Juice Concentrates Market by Distribution Channel
10.4.6.4 Rest of Middle East and Africa Vegetable Juice Concentrates Market
10.4.6.4.1 Rest of Middle East and Africa Vegetable Juice Concentrates Market by Form
10.4.6.4.2 Rest of Middle East and Africa Vegetable Juice Concentrates Market by Application
10.4.6.4.3 Rest of Middle East and Africa Vegetable Juice Concentrates Market by Distribution Channel
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Vegetable Juice Concentrates Market Overview
10.5.2 South and Central America Vegetable Juice Concentrates Market Forecasts and Analysis
10.5.3 South and Central America Vegetable Juice Concentrates Market Forecasts and Analysis - By Form
10.5.4 South and Central America Vegetable Juice Concentrates Market Forecasts and Analysis - By Application
10.5.5 South and Central America Vegetable Juice Concentrates Market Forecasts and Analysis - By Distribution Channel
10.5.6 South and Central America Vegetable Juice Concentrates Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Vegetable Juice Concentrates Market
10.5.6.1.1 Brazil Vegetable Juice Concentrates Market by Form
10.5.6.1.2 Brazil Vegetable Juice Concentrates Market by Application
10.5.6.1.3 Brazil Vegetable Juice Concentrates Market by Distribution Channel
10.5.6.2 Argentina Vegetable Juice Concentrates Market
10.5.6.2.1 Argentina Vegetable Juice Concentrates Market by Form
10.5.6.2.2 Argentina Vegetable Juice Concentrates Market by Application
10.5.6.2.3 Argentina Vegetable Juice Concentrates Market by Distribution Channel
10.5.6.3 Rest of South and Central America Vegetable Juice Concentrates Market
10.5.6.3.1 Rest of South and Central America Vegetable Juice Concentrates Market by Form
10.5.6.3.2 Rest of South and Central America Vegetable Juice Concentrates Market by Application
10.5.6.3.3 Rest of South and Central America Vegetable Juice Concentrates 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. VEGETABLE JUICE CONCENTRATES MARKET, KEY COMPANY PROFILES
12.1. AGRANA BETEILIGUNGS AG
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. ARCHER DANIELS MIDLAND COMPANY
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. CHINA HAISHENG JUICE HOLDINGS CO. LTD.
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. DOHLER GMBH
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. FRUITSMART
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. INGREDION INCORPORATED
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. KANEGRADE
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. NORTHWEST NATURALS LLC
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. SUNOPTA INC.
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. SVZ
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
The List of Companies
1. Agrana Beteiligungs Ag
2. Archer Daniels Midland Company
3. China Haisheng Juice Holdings Co. Ltd.
4. DOHLER GmbH
5. FruitSmart
6. Ingredion Incorporated
7. Kanegrade
8. Northwest Naturals LLC
9. SunOpta Inc.
10. SVZ
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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