Water Soluble Dietary Fiber Market Report 2031
The water soluble dietary fiber market is expected to register a CAGR of 8% during 2023–2031. The increasing prevalence of digestive disorder is likely to be the trend in the water soluble dietary fiber market.
Water Soluble Dietary Fiber Market Analysis:
- The market for water-soluble dietary fiber is growing robustly due to growing consumer awareness regarding health benefits and rising attention towards digestive health. Various products derived from plant sources cover psyllium, inulin and pectin and find strong applications in functional foods and supplements.
- Further, the market is driven by the increasing incidences of digestive disorders and obesity, as well as the adaptation of these fibers in the formulations of recently defined weight-management products. The food and beverage industry remains one of the key consumers as manufacturers continue to innovate to keep up with the demand for healthier foodstuffs.
Water Soluble Dietary Fiber Market Overview
- Water-soluble dietary fibers are carbohydrates, which are water-soluble, non-digestible, and may or may not be fermentable in the digestive tract, meaning that they do not get broken down by human enzymes, for example, in the small intestine. They include well-known fibers such as pectin, inulin, beta-glucans, and gums. Water-soluble fibers are converted to a gel-like consistency when in the digestive tract, and that is part of the reason for their health benefits.
- Water-soluble dietary fibers boost digestion, blood sugar, and cholesterol levels, promote fullness, and help control weight gain. Many of them also function as prebiotic fibers that feed beneficial bacteria in the gut.
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Water Soluble Dietary Fiber Market: Strategic Insights
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Customize Research To Suit Your Requirement
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.
Water Soluble Dietary Fiber Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Water Soluble Dietary Fiber Market Drivers and Opportunities
Growing Awareness Regarding Health Benefits Associated with Water Soluble Dietary Fibers
- The awareness about the benefits of water soluble dietary fiber is influencing consumer attitudes and market trends. As scientific research emphasizes the benefits of water soluble dietary fiber for gastrointestinal health, glucose, and cholesterol control, heart, and health-conscious consumers are purchasing foods that are rich in this type of fiber.
- Rising health awareness is a major influencing factor in the rising demand for fiber-fortified foods and health supplements, as customers are becoming aware of the role that water-soluble fibers have in the goals of weight loss and a healthy gut. Social media chats, blogs, and online nutritional education events and programs have glamorized health buzzwords like 'prebiotic' and 'gut microbiome', and water soluble dietary fiber has become a part of everyday health discussions. This, in turn, has motivated food manufacturers to launch innovative products that not only highlight the total fiber content on the label but also promote water soluble dietary fiber more directly.
Rising Investment in the Pharmaceutical Industry
- The extensive investments in the pharmaceutical industry have provided substantial growth prospects for the global water-soluble dietary fiber market. The pharmaceutical industry is actively aiming at the commercial use of these fibers as functional, active ingredients within their medical preparations.
- The water-soluble dietary fibers are being added to pharmaceuticals for their ability to improve drug delivery systems, enhance bioavailability and provide additional health benefits. They are an important ingredient in formulating new drugs, including controlled-release drugs and nutraceuticals.
Water Soluble Dietary Fiber Market Segmentation
The scope of the global water soluble dietary fiber market is segmented based on type, source, and application.
- On the basis of type, the market is segmented into insulin, pectin, polydextrose, beta-glucan, and others.
- On the basis of source, the market is segmented into cereals & grains, fruits, legumes & vegetables, nuts & seeds, and others.
- Based on application, the water soluble dietary fiber market is classified into food & beverages, pharmaceuticals & nutraceuticals, and animal nutrition.
Water Soluble Dietary Fiber Market Share Analysis by Geography
- The water soluble dietary fiber 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 water soluble dietary fiber 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 water soluble dietary fiber market in these regions.
Water Soluble Dietary Fiber Market Report Scope
Water Soluble Dietary Fiber Market News and Recent Developments:
The water soluble dietary fiber 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:
- Tate & Lyle, a leading global provider of food and beverage solutions and ingredients, is pleased to announce the expansion of its award-winning PROMITOR Soluble Fiber range. The expansion sees the launch of two new liquid versions of PROMITOR: PROMITOR Soluble Fiber W and PROMITOR Soluble Fiber 90L. These versions have been developed to make adding fiber to applications, including confectionery, beverages, and bars, easier and more cost-effective. This allows food and beverage manufacturers to make their products healthier, both reducing sugar and calories and fortifying them with fiber while maintaining great taste, texture, and consumer experience. (Source: Newsletter, Tate & Lyle, May 2021)
Water Soluble Dietary Fiber Market Report Coverage and Deliverables
The "Water Soluble Dietary Fiber Market Size and Forecast (2021 – 2031)" provides a detailed analysis of the market covering below areas:
- Water soluble dietary fiber market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Water soluble dietary fiber market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Water soluble dietary fiber 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 water soluble dietary fiber 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.
Frequently Asked Questions
The global water soluble dietary fiber market is estimated to grow above 8% during the forecast period 2024-2031.
The growing awareness regarding health benefits associated with water soluble dietary fiber is one of the major factors driving the water soluble dietary fiber market.
The increasing prevalence of lactose-intolerant population is likely to be the trend in the water soluble dietary fiber market.
The leading players operating in the water soluble dietary fiber market are Ingredion Incorporated, Cargill, Incorporated, ADM, Tate and Lyle PLC, Kerry Group plc., Koninklijke DSM N.V., NEXIRA, Roquette Frères S.A., BENEO GmbH, and COSUCRA Groupe Warcoing S.A.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
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.
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 Water Soluble Dietary Fiber Market - By Types
1.3.2 Water Soluble Dietary Fiber Market - By Applications
1.3.3 Water Soluble Dietary Fiber Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WATER SOLUBLE DIETARY FIBER 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. WATER SOLUBLE DIETARY FIBER 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. WATER SOLUBLE DIETARY FIBER MARKET - GLOBAL MARKET ANALYSIS
6.1. WATER SOLUBLE DIETARY FIBER - GLOBAL MARKET OVERVIEW
6.2. WATER SOLUBLE DIETARY FIBER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WATER SOLUBLE DIETARY FIBER MARKET - REVENUE AND FORECASTS TO 2028 - TYPES
7.1. OVERVIEW
7.2. TYPES MARKET FORECASTS AND ANALYSIS
7.3. INSULIN
7.3.1. Overview
7.3.2. Insulin Market Forecast and Analysis
7.4. POLYDEXTROSE
7.4.1. Overview
7.4.2. Polydextrose Market Forecast and Analysis
7.5. PECTIN
7.5.1. Overview
7.5.2. Pectin Market Forecast and Analysis
7.6. BETA-GLUCAN
7.6.1. Overview
7.6.2. Beta-Glucan Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. WATER SOLUBLE DIETARY FIBER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. FUNCTIONAL FOOD
8.3.1. Overview
8.3.2. Functional Food Market Forecast and Analysis
8.4. FEED INDUSTRIES
8.4.1. Overview
8.4.2. Feed Industries Market Forecast and Analysis
8.5. PHARMACEUTICAL INDUSTRIES
8.5.1. Overview
8.5.2. Pharmaceutical Industries Market Forecast and Analysis
9. WATER SOLUBLE DIETARY FIBER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Water Soluble Dietary Fiber Market Overview
9.1.2 North America Water Soluble Dietary Fiber Market Forecasts and Analysis
9.1.3 North America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Types
9.1.4 North America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Applications
9.1.5 North America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Countries
9.1.5.1 United States Water Soluble Dietary Fiber Market
9.1.5.1.1 United States Water Soluble Dietary Fiber Market by Types
9.1.5.1.2 United States Water Soluble Dietary Fiber Market by Applications
9.1.5.2 Canada Water Soluble Dietary Fiber Market
9.1.5.2.1 Canada Water Soluble Dietary Fiber Market by Types
9.1.5.2.2 Canada Water Soluble Dietary Fiber Market by Applications
9.1.5.3 Mexico Water Soluble Dietary Fiber Market
9.1.5.3.1 Mexico Water Soluble Dietary Fiber Market by Types
9.1.5.3.2 Mexico Water Soluble Dietary Fiber Market by Applications
9.2. EUROPE
9.2.1 Europe Water Soluble Dietary Fiber Market Overview
9.2.2 Europe Water Soluble Dietary Fiber Market Forecasts and Analysis
9.2.3 Europe Water Soluble Dietary Fiber Market Forecasts and Analysis - By Types
9.2.4 Europe Water Soluble Dietary Fiber Market Forecasts and Analysis - By Applications
9.2.5 Europe Water Soluble Dietary Fiber Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Water Soluble Dietary Fiber Market
9.2.5.1.1 Germany Water Soluble Dietary Fiber Market by Types
9.2.5.1.2 Germany Water Soluble Dietary Fiber Market by Applications
9.2.5.2 France Water Soluble Dietary Fiber Market
9.2.5.2.1 France Water Soluble Dietary Fiber Market by Types
9.2.5.2.2 France Water Soluble Dietary Fiber Market by Applications
9.2.5.3 Italy Water Soluble Dietary Fiber Market
9.2.5.3.1 Italy Water Soluble Dietary Fiber Market by Types
9.2.5.3.2 Italy Water Soluble Dietary Fiber Market by Applications
9.2.5.4 United Kingdom Water Soluble Dietary Fiber Market
9.2.5.4.1 United Kingdom Water Soluble Dietary Fiber Market by Types
9.2.5.4.2 United Kingdom Water Soluble Dietary Fiber Market by Applications
9.2.5.5 Russia Water Soluble Dietary Fiber Market
9.2.5.5.1 Russia Water Soluble Dietary Fiber Market by Types
9.2.5.5.2 Russia Water Soluble Dietary Fiber Market by Applications
9.2.5.6 Rest of Europe Water Soluble Dietary Fiber Market
9.2.5.6.1 Rest of Europe Water Soluble Dietary Fiber Market by Types
9.2.5.6.2 Rest of Europe Water Soluble Dietary Fiber Market by Applications
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Water Soluble Dietary Fiber Market Overview
9.3.2 Asia-Pacific Water Soluble Dietary Fiber Market Forecasts and Analysis
9.3.3 Asia-Pacific Water Soluble Dietary Fiber Market Forecasts and Analysis - By Types
9.3.4 Asia-Pacific Water Soluble Dietary Fiber Market Forecasts and Analysis - By Applications
9.3.5 Asia-Pacific Water Soluble Dietary Fiber Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Water Soluble Dietary Fiber Market
9.3.5.1.1 Australia Water Soluble Dietary Fiber Market by Types
9.3.5.1.2 Australia Water Soluble Dietary Fiber Market by Applications
9.3.5.2 China Water Soluble Dietary Fiber Market
9.3.5.2.1 China Water Soluble Dietary Fiber Market by Types
9.3.5.2.2 China Water Soluble Dietary Fiber Market by Applications
9.3.5.3 India Water Soluble Dietary Fiber Market
9.3.5.3.1 India Water Soluble Dietary Fiber Market by Types
9.3.5.3.2 India Water Soluble Dietary Fiber Market by Applications
9.3.5.4 Japan Water Soluble Dietary Fiber Market
9.3.5.4.1 Japan Water Soluble Dietary Fiber Market by Types
9.3.5.4.2 Japan Water Soluble Dietary Fiber Market by Applications
9.3.5.5 South Korea Water Soluble Dietary Fiber Market
9.3.5.5.1 South Korea Water Soluble Dietary Fiber Market by Types
9.3.5.5.2 South Korea Water Soluble Dietary Fiber Market by Applications
9.3.5.6 Rest of Asia-Pacific Water Soluble Dietary Fiber Market
9.3.5.6.1 Rest of Asia-Pacific Water Soluble Dietary Fiber Market by Types
9.3.5.6.2 Rest of Asia-Pacific Water Soluble Dietary Fiber Market by Applications
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Water Soluble Dietary Fiber Market Overview
9.4.2 Middle East and Africa Water Soluble Dietary Fiber Market Forecasts and Analysis
9.4.3 Middle East and Africa Water Soluble Dietary Fiber Market Forecasts and Analysis - By Types
9.4.4 Middle East and Africa Water Soluble Dietary Fiber Market Forecasts and Analysis - By Applications
9.4.5 Middle East and Africa Water Soluble Dietary Fiber Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Water Soluble Dietary Fiber Market
9.4.5.1.1 South Africa Water Soluble Dietary Fiber Market by Types
9.4.5.1.2 South Africa Water Soluble Dietary Fiber Market by Applications
9.4.5.2 Saudi Arabia Water Soluble Dietary Fiber Market
9.4.5.2.1 Saudi Arabia Water Soluble Dietary Fiber Market by Types
9.4.5.2.2 Saudi Arabia Water Soluble Dietary Fiber Market by Applications
9.4.5.3 U.A.E Water Soluble Dietary Fiber Market
9.4.5.3.1 U.A.E Water Soluble Dietary Fiber Market by Types
9.4.5.3.2 U.A.E Water Soluble Dietary Fiber Market by Applications
9.4.5.4 Rest of Middle East and Africa Water Soluble Dietary Fiber Market
9.4.5.4.1 Rest of Middle East and Africa Water Soluble Dietary Fiber Market by Types
9.4.5.4.2 Rest of Middle East and Africa Water Soluble Dietary Fiber Market by Applications
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Water Soluble Dietary Fiber Market Overview
9.5.2 South and Central America Water Soluble Dietary Fiber Market Forecasts and Analysis
9.5.3 South and Central America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Types
9.5.4 South and Central America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Applications
9.5.5 South and Central America Water Soluble Dietary Fiber Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Water Soluble Dietary Fiber Market
9.5.5.1.1 Brazil Water Soluble Dietary Fiber Market by Types
9.5.5.1.2 Brazil Water Soluble Dietary Fiber Market by Applications
9.5.5.2 Argentina Water Soluble Dietary Fiber Market
9.5.5.2.1 Argentina Water Soluble Dietary Fiber Market by Types
9.5.5.2.2 Argentina Water Soluble Dietary Fiber Market by Applications
9.5.5.3 Rest of South and Central America Water Soluble Dietary Fiber Market
9.5.5.3.1 Rest of South and Central America Water Soluble Dietary Fiber Market by Types
9.5.5.3.2 Rest of South and Central America Water Soluble Dietary Fiber Market by Applications
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WATER SOLUBLE DIETARY FIBER MARKET, KEY COMPANY PROFILES
11.1. ARCHER DANIELS MIDLAND COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. INGREDION INCORPORATED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HUACHANG PHARMACEUTICALS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NEXIRA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. SUNOPTA INC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DANISCO A/S
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. TATE AND LYLE
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TEREOS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. KERRY GROUP PLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ROYAL COSUN U.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Archer Daniels Midland Company
2. Ingredion Incorporated
3. Huachang Pharmaceuticals
4. NEXIRA
5. Sunopta Inc
6. Danisco A/S
7. Tate and Lyle
8. Tereos
9. Kerry Group PLC
10. Royal Cosun U.A.
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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