Feed palatability enhancers and modifiers are feed additives used In animal feed to negate the unpleasant taste of animal feed owing to the concentration of a number of synthetic additives, antibiotics, vitamins, and nutrients. They improve the appeal of the animal feed by enhancing its smell, taste, and texture. By making the animal feed more pleasant and agreeable to taste, feed palatability enhancers and modifiers improve the feed intake in animals leading to high feed conversion rates.
MARKET DYNAMICS
The demand for feed palatability enhancers and modifiers is gaining traction across the world as livestock owners are seeking animal feed products that promote healthy weight and yield protein-rich meat and a high quantity of milk. The growing emphasis laid by livestock owners on better feed conversion rates is anticipated to drive the feed palatability enhancers and modifiers market. The modernization of the animal feed industry and extensive research carried on making the animal feed more palatable has led to a number of innovative products in the market. The growing awareness about the importance of feed palatability in improving the feed intake in animals and improving the health and productivity has resulted in a number of manufacturers employing a number of feed palatability enhancers and modifiers in their feed products.
MARKET SCOPE
The "Global Feed Palatability Enhancers and Modifiers Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the feed palatability enhancers and modifiers market with detailed market segmentation by type, livestock, and geography. The global feed palatability enhancers and modifiers market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading feed palatability enhancers and modifiers market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global feed palatability enhancers and modifiers market is segmented on the basis of type and livestock. On the basis of type, the feed palatability enhancers and modifiers market is segmented into feed flavors and sweeteners and feed texturants. The feed palatability enhancers and modifiers market on the basis of livestock is classified into swine, poultry, cattle, aquaculture, pet foods, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global feed palatability enhancers and modifiers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The feed palatability enhancers and modifiers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the feed palatability enhancers and modifiers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the feed palatability enhancers and modifiers market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global feed palatability enhancers and modifiers market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The feed palatability enhancers and modifiers market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the feed palatability enhancers and modifiers market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the feed palatability enhancers and modifiers market in these regions.
MARKET PLAYERS
The reports cover key developments in the feed palatability enhancers and modifiers market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the feed palatability enhancers and modifiers market are anticipated to lucrative growth opportunities in the future with the rising demand for feed palatability enhancers and modifiers in the global market. Below mentioned is the list of few companies engaged in the feed palatability enhancers and modifiers market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the feed palatability enhancers and modifiers market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the key development in the past five years.
- Associated British Foods PLC
- Cargill Inc.
- Diana Group
- E. I. Dupont
- Eli Lilly and Company
- Ensign-Bickford Industries Inc.
- Kemin Europa
- Kent Feeds Inc.
- Kerry Group PLC
- Tanke International Group
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Feed Palatability Enhancers And Modifiers Market - By Type
1.3.2 Feed Palatability Enhancers And Modifiers Market - By Livestock
1.3.3 Feed Palatability Enhancers And Modifiers Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FEED PALATABILITY ENHANCERS AND MODIFIERS 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. FEED PALATABILITY ENHANCERS AND MODIFIERS 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. FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET - GLOBAL MARKET ANALYSIS
6.1. FEED PALATABILITY ENHANCERS AND MODIFIERS - GLOBAL MARKET OVERVIEW
6.2. FEED PALATABILITY ENHANCERS AND MODIFIERS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FEED FLAVORS AND SWEETENERS
7.3.1. Overview
7.3.2. Feed Flavors and Sweeteners Market Forecast and Analysis
7.4. FEED TEXTURANTS
7.4.1. Overview
7.4.2. Feed Texturants Market Forecast and Analysis
8. FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET - REVENUE AND FORECASTS TO 2028 - LIVESTOCK
8.1. OVERVIEW
8.2. LIVESTOCK MARKET FORECASTS AND ANALYSIS
8.3. SWINE
8.3.1. Overview
8.3.2. Swine Market Forecast and Analysis
8.4. POULTRY
8.4.1. Overview
8.4.2. Poultry Market Forecast and Analysis
8.5. CATTLE
8.5.1. Overview
8.5.2. Cattle Market Forecast and Analysis
8.6. AQUACULTURE
8.6.1. Overview
8.6.2. Aquaculture Market Forecast and Analysis
8.7. PET FOODS
8.7.1. Overview
8.7.2. Pet Foods Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Feed Palatability Enhancers And Modifiers Market Overview
9.1.2 North America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis
9.1.3 North America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Type
9.1.4 North America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Livestock
9.1.5 North America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Countries
9.1.5.1 United States Feed Palatability Enhancers And Modifiers Market
9.1.5.1.1 United States Feed Palatability Enhancers And Modifiers Market by Type
9.1.5.1.2 United States Feed Palatability Enhancers And Modifiers Market by Livestock
9.1.5.2 Canada Feed Palatability Enhancers And Modifiers Market
9.1.5.2.1 Canada Feed Palatability Enhancers And Modifiers Market by Type
9.1.5.2.2 Canada Feed Palatability Enhancers And Modifiers Market by Livestock
9.1.5.3 Mexico Feed Palatability Enhancers And Modifiers Market
9.1.5.3.1 Mexico Feed Palatability Enhancers And Modifiers Market by Type
9.1.5.3.2 Mexico Feed Palatability Enhancers And Modifiers Market by Livestock
9.2. EUROPE
9.2.1 Europe Feed Palatability Enhancers And Modifiers Market Overview
9.2.2 Europe Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis
9.2.3 Europe Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Type
9.2.4 Europe Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Livestock
9.2.5 Europe Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Feed Palatability Enhancers And Modifiers Market
9.2.5.1.1 Germany Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.1.2 Germany Feed Palatability Enhancers And Modifiers Market by Livestock
9.2.5.2 France Feed Palatability Enhancers And Modifiers Market
9.2.5.2.1 France Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.2.2 France Feed Palatability Enhancers And Modifiers Market by Livestock
9.2.5.3 Italy Feed Palatability Enhancers And Modifiers Market
9.2.5.3.1 Italy Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.3.2 Italy Feed Palatability Enhancers And Modifiers Market by Livestock
9.2.5.4 United Kingdom Feed Palatability Enhancers And Modifiers Market
9.2.5.4.1 United Kingdom Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.4.2 United Kingdom Feed Palatability Enhancers And Modifiers Market by Livestock
9.2.5.5 Russia Feed Palatability Enhancers And Modifiers Market
9.2.5.5.1 Russia Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.5.2 Russia Feed Palatability Enhancers And Modifiers Market by Livestock
9.2.5.6 Rest of Europe Feed Palatability Enhancers And Modifiers Market
9.2.5.6.1 Rest of Europe Feed Palatability Enhancers And Modifiers Market by Type
9.2.5.6.2 Rest of Europe Feed Palatability Enhancers And Modifiers Market by Livestock
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Feed Palatability Enhancers And Modifiers Market Overview
9.3.2 Asia-Pacific Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis
9.3.3 Asia-Pacific Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Livestock
9.3.5 Asia-Pacific Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Feed Palatability Enhancers And Modifiers Market
9.3.5.1.1 Australia Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.1.2 Australia Feed Palatability Enhancers And Modifiers Market by Livestock
9.3.5.2 China Feed Palatability Enhancers And Modifiers Market
9.3.5.2.1 China Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.2.2 China Feed Palatability Enhancers And Modifiers Market by Livestock
9.3.5.3 India Feed Palatability Enhancers And Modifiers Market
9.3.5.3.1 India Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.3.2 India Feed Palatability Enhancers And Modifiers Market by Livestock
9.3.5.4 Japan Feed Palatability Enhancers And Modifiers Market
9.3.5.4.1 Japan Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.4.2 Japan Feed Palatability Enhancers And Modifiers Market by Livestock
9.3.5.5 South Korea Feed Palatability Enhancers And Modifiers Market
9.3.5.5.1 South Korea Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.5.2 South Korea Feed Palatability Enhancers And Modifiers Market by Livestock
9.3.5.6 Rest of Asia-Pacific Feed Palatability Enhancers And Modifiers Market
9.3.5.6.1 Rest of Asia-Pacific Feed Palatability Enhancers And Modifiers Market by Type
9.3.5.6.2 Rest of Asia-Pacific Feed Palatability Enhancers And Modifiers Market by Livestock
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Feed Palatability Enhancers And Modifiers Market Overview
9.4.2 Middle East and Africa Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis
9.4.3 Middle East and Africa Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Livestock
9.4.5 Middle East and Africa Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Feed Palatability Enhancers And Modifiers Market
9.4.5.1.1 South Africa Feed Palatability Enhancers And Modifiers Market by Type
9.4.5.1.2 South Africa Feed Palatability Enhancers And Modifiers Market by Livestock
9.4.5.2 Saudi Arabia Feed Palatability Enhancers And Modifiers Market
9.4.5.2.1 Saudi Arabia Feed Palatability Enhancers And Modifiers Market by Type
9.4.5.2.2 Saudi Arabia Feed Palatability Enhancers And Modifiers Market by Livestock
9.4.5.3 U.A.E Feed Palatability Enhancers And Modifiers Market
9.4.5.3.1 U.A.E Feed Palatability Enhancers And Modifiers Market by Type
9.4.5.3.2 U.A.E Feed Palatability Enhancers And Modifiers Market by Livestock
9.4.5.4 Rest of Middle East and Africa Feed Palatability Enhancers And Modifiers Market
9.4.5.4.1 Rest of Middle East and Africa Feed Palatability Enhancers And Modifiers Market by Type
9.4.5.4.2 Rest of Middle East and Africa Feed Palatability Enhancers And Modifiers Market by Livestock
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Feed Palatability Enhancers And Modifiers Market Overview
9.5.2 South and Central America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis
9.5.3 South and Central America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Type
9.5.4 South and Central America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Livestock
9.5.5 South and Central America Feed Palatability Enhancers And Modifiers Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Feed Palatability Enhancers And Modifiers Market
9.5.5.1.1 Brazil Feed Palatability Enhancers And Modifiers Market by Type
9.5.5.1.2 Brazil Feed Palatability Enhancers And Modifiers Market by Livestock
9.5.5.2 Argentina Feed Palatability Enhancers And Modifiers Market
9.5.5.2.1 Argentina Feed Palatability Enhancers And Modifiers Market by Type
9.5.5.2.2 Argentina Feed Palatability Enhancers And Modifiers Market by Livestock
9.5.5.3 Rest of South and Central America Feed Palatability Enhancers And Modifiers Market
9.5.5.3.1 Rest of South and Central America Feed Palatability Enhancers And Modifiers Market by Type
9.5.5.3.2 Rest of South and Central America Feed Palatability Enhancers And Modifiers Market by Livestock
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. FEED PALATABILITY ENHANCERS AND MODIFIERS MARKET, KEY COMPANY PROFILES
11.1. ASSOCIATED BRITISH FOODS PLC
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. CARGILL INC.
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. DIANA GROUP
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. E. I. DUPONT
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. ELI LILLY AND COMPANY
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. ENSIGN-BICKFORD INDUSTRIES INC.
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. KEMIN EUROPA
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. KENT FEEDS INC.
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. TANKE INTERNATIONAL GROUP
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
1. Associated British Foods PLC
2. Cargill Inc.
3. Diana Group
4. E. I. Dupont
5. Eli Lilly and Company
6. Ensign-Bickford Industries Inc.
7. Kemin Europa
8. Kent Feeds Inc.
9. Kerry Group PLC
10. Tanke International Group
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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