[Research Report] The chicken extract market is expected to grow from US$ 3,015.62 million in 2022 to US$ 4,091.01 million by 2030; it is expected to record a CAGR of 3.9% from 2022 to 2030.
Market Insights and Analyst View:
Chicken extract serves as a versatile culinary ingredient and is primarily used to add savory and umami flavors to various dishes, including soups, sauces, gravies, and others. Chicken extracts are available in various types, including powder, broth and stock, and paste. The key ingredients of these products are chicken meat, bone, skin, and chicken fat, either in fresh or dried form. Market size indicates retail sales of chicken powder, chicken-based broth and stocks, and chicken paste. The increasing demand for flavor enhancers in home cooking, coupled with the rising trend of international flavor, has contributed to the market growth.
Growth Drivers and Challenges:
The proliferation of the E-commerce industry offers an opportunity for the global chicken extract market growth. In recent years, the organized retail sector has undergone a massive transformation. The acceptance of e-commerce has increased considerably due to its ability to transform customers' shopping experience. Further, easy access to emerging technologies, increasing purchasing power of people, rising penetration of the internet and smartphones, and the convenience of shopping from anywhere at any time via online retail platforms are among the key factors propelling the growth of e-commerce. As per the US Department of Commerce Retail Indicator Division, sales through e-commerce in the country were valued at US$ 870 billion in 2021, recording a rise of 14.2% compared to sales in 2020. As per the European Commission, in 2021, 74% of internet users in the European Union shopped online. Thus, with the rising penetration of e-commerce platforms in several regions, the sale of various food and beverages, such as chicken extract, is increasing through these platforms.
People prefer online retail platforms to buy these products owing to the availability of various brands at affordable prices, detailed product descriptions, consumer ratings and reviews, and home delivery services. Moreover, chicken extract manufacturers prefer e-commerce platforms to sell their products to large customers as it requires minimal investments. Chicken extract manufacturers are taking initiatives through collaboration and partnership to launch their products on online platforms. For instance, in August 2022, Tabatchnick Fine Foods announced the launch of their products on the Amazon Store. The launch was aimed at catering to e-commerce consumers. Thus, the proliferation of e-commerce platforms provides a lucrative opportunity for chicken extract manufacturers to expand their consumer base and geographical reach.
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Chicken Extract Market: Strategic Insights
Market Size Value in US$ 3,015.62 million in 2022 Market Size Value by US$ 4,091.01 million by 2030 Growth rate CAGR of 3.9% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Chicken Extract Market: Strategic Insights
| Market Size Value in | US$ 3,015.62 million in 2022 |
| Market Size Value by | US$ 4,091.01 million by 2030 |
| Growth rate | CAGR of 3.9% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Report Segmentation and Scope:
The "Global Chicken Extract Market" is segmented on the basis of product type, category, distribution channel, and geography. Based on product type, the market is segmented into chicken powder, broth and stock, and chicken paste. Based on category, the market is bifurcated into organic and conventional. Based on distribution channel, the chicken extract market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. The chicken extract market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Chile, and the Rest of South & Central America).
Segmental Analysis:
Based on product type, the chicken extract market is segmented into chicken powder, broth and stock, and chicken paste. The broth and stock segment held the largest share of the chicken extract market in 2022. The chicken powder segment is expected to register a significant growth rate during the forecast period. Chicken powder is a versatile ingredient made either by dehydrating the chicken meat, bone, cartilage, viscera, and other parts and grinding them into fine powder or by making the concentrated extract of chicken and chicken parts in water and spray drying the liquid extract. In addition, chicken powder often contains glutamate, which contributes to the umami or savory taste. Thus, the rising demand for chicken powder as a flavor enhancer in various dishes is expected to favor the market for the segment.
Regional Analysis:
Based on geography, the chicken extract market is segmented into five key regions—North America, Europe, Asia Pacific, South & Central America, and the Middle East & Africa. The global chicken extract market was dominated by North America and was estimated to be ~US$ 1,000 million in 2022. The North America chicken extract market growth is attributed to the changing consumer preferences toward healthier and more natural food products. Chicken extracts are perceived as a source of clean and protein-rich ingredients, aligning with the growing trend of health-conscious eating. With an increasing emphasis on protein-based diets, these extracts have gained popularity as an easy and versatile way to incorporate protein into various dishes.
The rising popularity of convenience foods has also contributed to the growth of the chicken extract market. Consumers are seeking easy-to-use, time-saving ingredients to enhance the flavor of their meals. Chicken extracts, available in liquid or powdered forms, offer a convenient solution for enhancing the taste of soups, sauces, gravies, and various other dishes, making them a favored choice for busy households.
The COVID-19 pandemic further played a significant role in boosting the chicken extract market in North America. With lockdowns and restrictions limiting dining out, more people turned to cooking at home. Chicken extracts, being a versatile ingredient, became a staple in many home kitchens, as they could elevate the taste of homemade meals. This surge in home cooking further fueled the demand for chicken extracts and related products.
Industry Developments and Future Opportunities:
Various initiatives taken by the key players operating in the chicken extract market are listed below:
- In March 2023, Z Natural Foods announced the launch of a new instant bone broth soup base powder. The launch was aimed to cater to the growing demand for protein-rich food products.
- In April 2023, Borough Broth Company, in partnership with Planet Organic, announced the launch of four products—Organic Chicken Bone Broth, Organic Chicken and Ginger Bone Broth, Organic Super Greens Soups, and Organic Butternut and Coconut Soup. The launch was aimed to cater to the increasing consumer demand for healthy and sustainable food.
- In August 2022, Del Monte Foods announced the purchase of Kitchen Basics, a line of ready-to-use stocks and broths, from McCormick & Co. This purchase was aimed at expanding its product portfolio and its geographical reach.
- In August 2022, Tabatchnick Fine Foods announced the launch of its products on the Amazon Store. The launch was aimed at catering to e-commerce consumers.
Chicken Extract Market Report Scope
COVID-19 Impact:
Increasing demand for chicken extract as a flavor enhancer and surging demand for protein-rich food drove the demand for chicken extract before the onset of the pandemic. In addition, increasing awareness about healthy food options and the introduction of a variety of products by key market players further contributed to the market growth. However, the food & beverages industry experienced adverse impacts of the pandemic during the first quarter of 2020. Many industries had to slow down their operations due to value chain disruptions caused by the shutdown of national and international boundaries. The pandemic led to social distancing norms and severe negative economic impact, hindering chicken extract manufacturing and distribution. The COVID-19 pandemic also led to an economic recession in the initial months of 2020, which created financial difficulties for low-income and mid-income consumers.
Many businesses recovered as the governments of various countries eased the restrictions after the initial months of lockdown in 2020. The COVID-19 vaccine offered further relief from the distressing pandemic, leading to increased business activities. The reopening of operations in the manufacturing units positively impacted the chicken extract market and led to its production recovery. Manufacturers overcame the demand and supply gap as they were permitted to operate at total capacity.
Competitive Landscape and Key Companies:
Campbell Soup Co, The Kraft Heinz Co, Ajinomoto Philippines Corp, Lee Kum Kee Co Ltd, Nutra Organics Pty Ltd, Huegli Cenovis GmbH, Princes Ltd, Unilever Plc, Hormel Foods LLC, and Kettle & Fire Inc are among the prominent players operating in the global chicken extract market. These chicken extract manufacturers offer cutting-edge extract solutions with innovative features to deliver a superior experience to consumers.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Category, and Distribution Channel
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
Proliferation of e-commerce industry anticipated a lucrative opportunity for the growth of chicken extract market. In recent years, the organized retail sector has undergone a massive transformation. The acceptance of e-commerce has increased considerably due to its ability to transform customers' shopping experience. Further, easy access to emerging technologies, increasing purchasing power of people, rising penetration of the internet and smartphones, and the convenience of shopping from anywhere at any time via online retail platforms are among the key factors propelling the growth of e-commerce. As per the US Department of Commerce Retail Indicator Division, sales through e-commerce in the country were valued at US$ 870 billion in 2021, recording a rise of 14.2% compared to sales in 2020.
The major players operating in the global chicken extract market are Campbell Soup Co, The Kraft Heinz Co, Ajinomoto Philippines Corp, Lee Kum Kee Co Ltd, Nutra Organics Pty Ltd, Huegli Cenovis GmbH, Princes Ltd, Unilever Plc, Hormel Foods LLC, and Kettle & Fire Inc.
The chicken broth and stock are available in different formats including liquid, powder, cube and granules and is made by boiling meat, bones, and other ingredients, including seasonings and flavors, in water. Chicken broth and stock is always a nutritional option as it is low in calories and fat and provides essential nutrients such as protein, vitamins, and minerals. Broth and stocks are commonly used as a base for various recipes such as soups, stews, sauces, and risottos. With the rising culinary trends and more people exploring cooking at home, the demand for ingredients such as broth and stock is expected to surge.
Chicken extracts are commonly used in soups, sauces, and various culinary applications to enhance the overall flavor of dishes. Chicken extracts are rich in umami, enhancing the dishes' overall flavor. The rising demand for chicken extract as a flavor enhancer can be attributed to the ability to add savory and umami flavors to a wide range of dishes. In addition, the growing interest of consumers in exploring global cuisines drives market growth. The popularity of cuisines from Latin America, Korea, India, and Africa has surged in recent years.
Based on the category, organic segment is projected to grow at the fastest CAGR over the forecast period. The organic chicken extract is made from organic ingredients and free-range organically raised chicken. Organic chicken extract is made from chicken which is raised organically and processed without conventional or synthetic pesticides, chemical fertilizers, GMOs, sewage sludge, irradiation, artificial flavors, colors, preservatives, growth hormones, or antibiotics. The rising inclination toward organic products has encouraged producers to invest heavily in products obtained with organic certifications. Companies focus on achieving organic certification to address the rising demand for organic chicken extract.
North America accounted for the largest share of the global chicken extract market. The North American chicken extract market growth is attributed to the changing consumer preferences toward healthier and more natural food products. Chicken extracts are perceived as a source of clean and protein-rich ingredients, aligning with the growing trend of health-conscious eating. With an increasing emphasis on protein-based diets, these extracts have gained popularity as an easy and versatile way to incorporate protein into various dishes. Furthermore, the rising popularity of convenience foods has contributed to the growth of the chicken extract market. Consumers are seeking easy-to-use, time-saving ingredients to enhance the flavor of their meals. Chicken extracts, available in liquid or powdered forms, offer a convenient solution for enhancing the taste of soups, sauces, gravies, and various other dishes, making them a favored choice for busy households.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. Chicken Extract Market Landscape
4.1 Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.1 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Packaging:
4.3.4 Distribution Channel
4.4 List of Vendors
5. Chicken Extract Market - Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising Demand for Chicken Extract as Flavor Enhancer in Home Cooking
5.1.2 Strategic Initiatives by Key Market Players
5.2 Market Restraints
5.2.1 Stringent Regulatory Compliance Associated with Meat Processing
5.3 Market Opportunities
5.3.1 Proliferation of E-Commerce Industry
5.4 Future Trends
5.4.1 Consumer Inclination Toward Nutritional Food
5.5 Impact of Drivers and Restraints:
6. Chicken Extract Market - Global Market Analysis
6.1 Chicken Extract Market Revenue (US$ Million), 2020 – 2030
6.2 Chicken Extract Market Forecast and Analysis
7. Global Chicken Extract Market Analysis – Product Type
7.1 Chicken Paste
7.1.1 Overview
7.1.2 Chicken Paste Market Revenue and Forecast to 2030 (US$ Million)
7.2 Broth and Stock
7.2.1 Overview
7.2.2 Broth and Stock Market Revenue and Forecast to 2030 (US$ Million)
7.3 Chicken Powder
7.3.1 Overview
7.3.2 Chicken Powder Market Revenue and Forecast to 2030 (US$ Million)
8. Global Chicken Extract Market Analysis – Category
8.1 Organic
8.1.1 Overview
8.1.2 Organic Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Conventional
8.2.1 Overview
8.2.2 Conventional Market Revenue, and Forecast to 2030 (US$ Million)
9. Global Chicken Extract Market Analysis – Distribution Channel
9.1 Supermarkets and Hypermarkets
9.1.1 Overview
9.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Convenience Stores
9.2.1 Overview
9.2.2 Convenience Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Online Retail
9.3.1 Overview
9.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Others
9.4.1 Overview
9.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Chicken Extract Market - Geographical Analysis
10.1 North America
10.1.1 North America Chicken Extract Market Overview
10.1.2 North America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.3 North America Chicken Extract Market Breakdown by Product Type
10.1.3.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
10.1.4 North America Chicken Extract Market Breakdown by Category
10.1.4.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Category
10.1.5 North America Chicken Extract Market Breakdown by Distribution Channel
10.1.5.1 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 North America Chicken Extract Market Breakdown by Country
10.1.6.2 US Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.2.1 US Chicken Extract Market Breakdown by Product Type
10.1.6.2.2 US Chicken Extract Market Breakdown by Category
10.1.6.2.3 US Chicken Extract Market Breakdown by Distribution Channel
10.1.6.3 Canada Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.3.1 Canada Chicken Extract Market Breakdown by Product Type
10.1.6.3.2 Canada Chicken Extract Market Breakdown by Category
10.1.6.3.3 Canada Chicken Extract Market Breakdown by Distribution Channel
10.1.6.4 Mexico Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.1.6.4.1 Mexico Chicken Extract Market Breakdown by Product Type
10.1.6.4.2 Mexico Chicken Extract Market Breakdown by Category
10.1.6.4.3 Mexico Chicken Extract Market Breakdown by Distribution Channel
10.2 Europe
10.2.1 Europe Chicken Extract Market Overview
10.2.2 Europe Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.3 Europe Chicken Extract Market Breakdown by Product Type
10.2.3.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
10.2.4 Europe Chicken Extract Market Breakdown by Category
10.2.4.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Category
10.2.5 Europe Chicken Extract Market Breakdown by Distribution Channel
10.2.5.1 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
10.2.6 Europe Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
10.2.6.1 Europe Chicken Extract Market Breakdown by Country
10.2.6.2 Germany Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.2.1 Germany Chicken Extract Market Breakdown by Product Type
10.2.6.2.2 Germany Chicken Extract Market Breakdown by Category
10.2.6.2.3 Germany Chicken Extract Market Breakdown by Distribution Channel
10.2.6.3 UK Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.3.1 UK Chicken Extract Market Breakdown by Product Type
10.2.6.3.2 UK Chicken Extract Market Breakdown by Category
10.2.6.3.3 UK Chicken Extract Market Breakdown by Distribution Channel
10.2.6.4 France Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.4.1 France Chicken Extract Market Breakdown by Product Type
10.2.6.4.2 France Chicken Extract Market Breakdown by Category
10.2.6.4.3 France Chicken Extract Market Breakdown by Distribution Channel
10.2.6.5 Italy Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.5.1 Italy Chicken Extract Market Breakdown by Product Type
10.2.6.5.2 Italy Chicken Extract Market Breakdown by Category
10.2.6.5.3 Italy Chicken Extract Market Breakdown by Distribution Channel
10.2.6.6 Russia Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.6.1 Russia Chicken Extract Market Breakdown by Product Type
10.2.6.6.2 Russia Chicken Extract Market Breakdown by Category
10.2.6.6.3 Russia Chicken Extract Market Breakdown by Distribution Channel
10.2.6.7 Rest of Europe Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.2.6.7.1 Rest of Europe Chicken Extract Market Breakdown by Product Type
10.2.6.7.2 Rest of Europe Chicken Extract Market Breakdown by Category
10.2.6.7.3 Rest of Europe Chicken Extract Market Breakdown by Distribution Channel
10.3 Asia Pacific Chicken Extract Market
10.3.1 Overview
10.3.2 Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.3 Asia Pacific Chicken Extract Market Breakdown by Product Type
10.3.3.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Product Type
10.3.4 Asia Pacific Chicken Extract Market Breakdown by Category
10.3.4.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Category
10.3.5 Asia Pacific Chicken Extract Market Breakdown by Distribution Channel
10.3.5.1 Asia Pacific Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
10.3.6 Asia Pacific Chicken Extract Market Breakdown by Country
10.3.6.1 Asia Pacific Chicken Extract Market Breakdown by Country
10.3.6.2 China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.2.1 China Chicken Extract Market Breakdown by Product Type
10.3.6.2.2 China Chicken Extract Market Breakdown by Category
10.3.6.2.3 China Chicken Extract Market Breakdown by Distribution Channel
10.3.6.3 Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.3.1 Japan Chicken Extract Market Breakdown by Product Type
10.3.6.3.2 Japan Chicken Extract Market Breakdown by Category
10.3.6.3.3 Japan Chicken Extract Market Breakdown by Distribution Channel
10.3.6.4 India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.4.1 India Chicken Extract Market Breakdown by Product Type
10.3.6.4.2 India Chicken Extract Market Breakdown by Category
10.3.6.4.3 India Chicken Extract Market Breakdown by Distribution Channel
10.3.6.5 Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.5.1 Australia Chicken Extract Market Breakdown by Product Type
10.3.6.5.2 Australia Chicken Extract Market Breakdown by Category
10.3.6.5.3 Australia Chicken Extract Market Breakdown by Distribution Channel
10.3.6.6 South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.6.1 South Korea Chicken Extract Market Breakdown by Product Type
10.3.6.6.2 South Korea Chicken Extract Market Breakdown by Category
10.3.6.6.3 South Korea Chicken Extract Market Breakdown by Distribution Channel
10.3.6.7 Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
10.3.6.7.1 Rest of Asia Pacific Chicken Extract Market Breakdown by Product Type
10.3.6.7.2 Rest of Asia Pacific Chicken Extract Market Breakdown by Category
10.3.6.7.3 Rest of Asia Pacific Chicken Extract Market Breakdown by Distribution Channel
10.4 Middle East & Africa
10.4.1 Middle East & Africa Chicken Extract Market Overview
10.4.2 Middle East & Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.4.3 Middle East & Africa Chicken Extract Market Breakdown by Product Type
10.4.3.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Product Type
10.4.4 Middle East & Africa Chicken Extract Market Breakdown by Category
10.4.4.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Category
10.4.5 Middle East & Africa Chicken Extract Market Breakdown by Distribution Channel
10.4.5.1 Middle East & Africa Chicken Extract Market and Forecasts and Analysis - By Distribution Channel
10.4.6 Middle East & Africa Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
10.4.6.1 Middle East & Africa Chicken Extract Market Breakdown by Country
10.4.6.2 Saudi Arabia Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.2.1 Saudi Arabia Chicken Extract Market Breakdown by Product Type
10.4.6.2.2 Saudi Arabia Chicken Extract Market Breakdown by Category
10.4.6.2.3 Saudi Arabia Chicken Extract Market Breakdown by Distribution Channel
10.4.6.3 UAE Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.3.1 UAE Chicken Extract Market Breakdown by Product Type
10.4.6.3.2 UAE Chicken Extract Market Breakdown by Category
10.4.6.3.3 UAE Chicken Extract Market Breakdown by Distribution Channel
10.4.6.4 South Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.4.1 South Africa Chicken Extract Market Breakdown by Product Type
10.4.6.4.2 South Africa Chicken Extract Market Breakdown by Category
10.4.6.4.3 South Africa Chicken Extract Market Breakdown by Distribution Channel
10.4.6.5 Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.4.6.5.1 Rest of Middle East & Africa Chicken Extract Market Breakdown by Product Type
10.4.6.5.2 Rest of Middle East & Africa Chicken Extract Market Breakdown by Category
10.4.6.5.3 Rest of Middle East & Africa Chicken Extract Market Breakdown by Distribution Channel
10.5 South & Central America
10.5.1 South & Central America Chicken Extract Market Overview
10.5.2 South & Central America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.5.3 South & Central America Chicken Extract Market Breakdown by Product Type
10.5.3.1 South & Central America Chicken Extract Market and Forecasts and Analysis - By Product Type
10.5.4 South & Central America Chicken Extract Market Breakdown by Category
10.5.4.1 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Category
10.5.5 South & Central America Chicken Extract Market Breakdown by Distribution Channel
10.5.5.1 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Distribution Channel
10.5.6 South & Central America Chicken Extract Market Revenue and Forecasts and Analysis - By Countries
10.5.6.1 South & Central Chicken Extract Market Breakdown by Country
10.5.6.2 Brazil Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.2.1 Brazil Chicken Extract Market Breakdown by Product Type
10.5.6.2.2 Brazil Chicken Extract Market Breakdown by Category
10.5.6.2.3 Brazil Chicken Extract Market Breakdown by Distribution Channel
10.5.6.3 Argentina Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.3.1 Argentina Chicken Extract Market Breakdown by Product Type
10.5.6.3.2 Argentina Chicken Extract Market Breakdown by Category
10.5.6.3.3 Argentina Chicken Extract Market Breakdown by Distribution Channel
10.5.6.4 Rest of South & Central America Chicken Extract Market Revenue and Forecasts to 2030 (US$ Million)
10.5.6.4.1 Rest of South & Central America Chicken Extract Market Breakdown by Product Type
10.5.6.4.2 Rest of South & Central America Chicken Extract Market Breakdown by Category
10.5.6.4.3 Rest of South & Central America Chicken Extract Market Breakdown by Distribution Channel
11. Chicken Extract Market – Impact of COVID-19 Pandemic
11.1 Pre & Post COVID-19 Impact
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning & Concentration
13. Company Profiles
13.1 Campbell Soup Co
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 The Kraft Heinz Co
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Ajinomoto Philippines Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Lee Kum Kee Co Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nutra Organics Pty Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Huegli Cenovis GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Princes Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Unilever Plc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Hormel Foods Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Kettle & Fire Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
List of Tables
Table 1. Chicken Extract Market Segmentation
Table 2. List of Vendors in Value Chain:
Table 3. Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Table 4. Global Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 5. Global Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 6. Global Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 7. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 8. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 9. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 10. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 11. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 12. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 13. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 14. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 15. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 16. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 17. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 18. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 19. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 20. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 21. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 22. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 23. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 24. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 25. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 26. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 27. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 28. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 29. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 30. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 31. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 32. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 33. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 34. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 35. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 36. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 37. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 38. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 39. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 40. Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 41. Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 42. Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 43. China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 44. China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 45. China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 46. Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 47. Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 48. Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 49. India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 50. India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 51. India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 52. Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 53. Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 54. Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 55. South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 56. South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 57. South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 58. Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Product Type
Table 59. Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Category
Table 60. Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – Distribution Channel
Table 61. Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 62. Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 63. Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 64. Saudi Arabia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 65. Saudi Arabia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 66. Saudi Arabia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 67. UAE Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 68. UAE Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 69. UAE Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 70. South Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 71. South Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 72. South Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 73. Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 74. Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 75. Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 76. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 77. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 78. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 79. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 80. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 81. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 82. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 83. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 84. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 85. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Product Type
Table 86. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Category
Table 87. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million) – By Distribution Channel
Table 88. Heat Map Analysis by Key Players
List of Figures
Figure 1. Chicken Extract Market Segmentation, By Geography
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Chicken Extract Market
Figure 4. Chicken Extract Market - Key Industry Dynamics
Figure 5. Impact Analysis of Drivers and Restraints
Figure 6. Global Chicken Extract Market Revenue (US$ Million), 2020 – 2030
Figure 7. Global Chicken Extract Market Share (%) – Product Type, 2022 and 2030
Figure 8. Chicken Paste Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Broth and Stock Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Chicken Powder Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Global Chicken Extract Market Share (%) –Category, 2022 and 2030
Figure 12. Organic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Conventional Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Global Chicken Extract Market Share (%) –Distribution Channel, 2022 and 2030
Figure 15. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Convenience Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Online Retail Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Chicken Extract Market Breakdown by Geography, 2022 and 2030 (US$ Million)
Figure 20. North America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. North America Chicken Extract Market Breakdown by Product Type (2022 and 2030)
Figure 22. North America Chicken Extract Market Breakdown by Category (2022 and 2030)
Figure 23. North America Chicken Extract Market Breakdown by Distribution Channel (2022 and 2030)
Figure 24. North America Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 25. US Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Canada Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Mexico Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 29. Europe Chicken Extract Market Breakdown by Product Type (2022 and 2030)
Figure 30. Europe Chicken Extract Market Breakdown by Category (2022 and 2030)
Figure 31. Europe Chicken Extract Market Breakdown by Distribution Channel (2022 and 2030)
Figure 32. Europe Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 33. Germany Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. UK Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. France Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 36. Italy Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. Russia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. Rest of Europe Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 39. Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 40. Asia Pacific Chicken Extract Market Breakdown by Product Type (2022 and 2030)
Figure 41. Asia Pacific Chicken Extract Market Breakdown by Category (2022 and 2030)
Figure 42. Asia Pacific Chicken Extract Market Breakdown by Distribution Channel (2022 and 2030)
Figure 43. Asia Pacific Chicken Extract Market Breakdown By Key Countries, 2022 And 2030 (%)
Figure 44. China Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 45. Japan Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 46. India Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 47. Australia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 48. South Korea Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 49. Rest of Asia Pacific Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 50. Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 51. Middle East & Africa Chicken Extract Market Breakdown by Product Type (2022 and 2030)
Figure 52. Middle East & Africa Chicken Extract Market Breakdown by Category (2022 and 2030)
Figure 53. Middle East & Africa Chicken Extract Market Breakdown by Distribution Channel (2022 and 2030)
Figure 54. Middle East & Africa Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 55. Saudi Arabia Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 56. UAE Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 57. South Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 58. Rest of Middle East & Africa Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 59. South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 60. South & Central America Chicken Extract Market Breakdown by Product Type (2022 and 2030)
Figure 61. South & Central America Chicken Extract Market Breakdown by Category (2022 and 2030)
Figure 62. South & Central America Chicken Extract Market Breakdown by Distribution Channel (2022 and 2030)
Figure 63. South & Central Chicken Extract Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 64. Brazil Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 65. Argentina Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 66. Rest of South & Central America Chicken Extract Market Revenue and Forecasts To 2030 (US$ Million)
Figure 67. Pre & Post COVID-19 Impact: Chicken Extract Market
Figure 68. Company Positioning & Concentration
The List of Companies - Chicken Extract Market
- Campbell Soup Co.
- The Kraft Heinz Co.
- Ajinomoto Philippines Corp.
- Lee Kum Kee Co Ltd.
- Nutra Organics Pty Ltd.
- Huegli Cenovis GmbH
- Princes Ltd.
- Unilever Plc
- Hormel Foods LLC
- Kettle & Fire Inc.
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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