Mint Essential Oils Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031

Coverage: Mint Essential Oils Market covers analysis By Product (Cornmint Oil, Peppermint Oil, Spearmint Oil, Dementholized Peppermint Oil); Application (Medical, Pharmaceutical, Nutraceuticals, Food & Beverages), and Geography

  • Report Code : TIPRE00010070
  • Category : Food and Beverages
  • No. of Pages : 150
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Mint Essential Oils Market Key Players Analysis 2031

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The mint essential oils market is expected to register a CAGR of 9% during 2023–2031. The growing demand for products filled with natural and organic ingredients is likely to remain a key trend in the market.

Mint Essential Oils Market Analysis:

  • Increasing demand from the personal care industry and aromatherapy are driving the growth of the mint essential oils market.
  • Moreover, natural ingredients are mostly in demand, and developing countries demand mint essential oils.
  • The food and beverage and cosmetic applications also offer massive opportunities for the players in the mint essential oils market.
  • The natural resources are depleting, which is expected to hinder the growth of the mint essential oils market. The mint essential oils' side effects also hinder the market's growth.

Mint Essential Oils Market Overview

  • Mint is the perennial herb initially found in the Mediterranean but it extended its range to the USA, Great Britain, Italy, and Japan.
  • The leaves are serrated, and the flowers are pink to mauve, growing in conical shape. The mint essential oil has multiple uses.
  • The main ingredients of menthone and mintol, the main components of the mint essential oil, have two functions. The first is to reduce the pain, and the other is to stimulate, energize, and inhibit the growth of pathogenic bacteria.
  • There are a variety of applications in cosmetics, relaxing baths, aromatherapy, and cleaning the house using mint essential oil.

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Mint Essential Oils Market: Strategic Insights

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Mint Essential Oils Market Drivers and Opportunities

Growing Demand for Mint Essential Oil in the Cosmetic and Personal Care Sector

  • A major driving factor for the mint essential oil market currently is the growing demand in the cosmetics and personal care industry.
  • Consumers purchase personal care products that contain natural or organic ingredients according to their needs.
  • Mint is a popular flavor and scent in the cosmetics and personal care industry, and mint essential oil has unique properties that have made it a popular ingredient in moisturizers, lotions and creams, shampoos, oral care, and other products.
  • For example, mint oil can freshen breath and improve oral hygiene. In addition, mint oil has a fresh, clean scent that can help to reduce stress and promote mental clarity, making it a popular ingredient in aromatherapy.
  • As the clean beauty movement grows, mint essential oil may be used on a broader array of products, and these more comprehensive applications could increase demand in the mint essential oil market. This demand will likely spur mint essential oil production, perhaps including experimentation with new extraction methods or other applications.

Surging New Product Launches

  • The Mint Essential Oil Market is projected to grow with new product launches. With the growth in natural and multipurpose health, wellness, and aromatherapy products, manufacturers are launching innovative mint products.
  • The Mint Essential Oil Market is expanding into new categories with the help of new product launches. These launches help spread mint essential oils' popularity into new categories, such as personal care products, home fragrances, kitchen/culinary products, and cleaning products.
  • Innovative mint products such as organic and sustainably sourced mint oils, unique mint blends, stress-relief supplements, and natural cleaning products are being launched.
  • These new products help increase the market reach and educate consumers about the multifaceted benefits of mint essential oils. This will drive market expansion and increased usage of mint essential oils across consumer segments.

Mint Essential Oils Market Report Segmentation Analysis

The scope of the global mint essential oils market is segmented on the basis of product and application.

  • Based on type, the mint essential oils market is segmented into cornmint oil, peppermint oil, spearmint oil, and dementholized peppermint oil.
  • On the basis of application, the market is categorized into medical, pharmaceutical, nutraceuticals, and food & beverages.

Mint Essential Oils Market Share Analysis by Geography

  • Mint Essential Oils 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 mint essential oils 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 mint essential oils market in these regions.

Mint Essential Oils Market Report Scope

Mint Essential Oils Market News and Recent Developments:

The mint essential oils 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:

  • Herbarom Laboratoire, a Herbarom Brand, showcased its natural oral care products at Cosmetic 360, including a solid toothpaste and mouthwash, using mint essential oils, distilled peppermint water, and lemon rind extract, to cater to the growing demand for natural personal care. (Source: Herbarom Laboratoire, Newsletter, November 2023)

Mint Essential Oils Market Report Coverage and Deliverables

The “Mint Essential Oils Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:

  • Mint essential oils market size and forecast at global, regional and country levels for all the key market segments covered under the scope
  • Mint essential oils market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Mint essential oils 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 for the mint essential oils market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are the driving factors mint essential oils market?

Growing demand for mint essential oil in the cosmetic and personal care sector is one of the major factors driving the mint essential oils market.

What is the expected CAGR of the mint essential oils market?

The global mint essential oils market is estimated to grow above 9% during the forecast period 2023-2031.

What are the future trends of the mint essential oils market?

The growing demand for products filled with natural and organic ingredients is likely to remain a key trend in the market.

What are the options available for the customization of this report?

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.

Which are the leading players operating in the mint essential oils market?

The leading players operating in the mint essential oils market are AOS Products Pvt Ltd, Flavex Naturextrakte GmbH, Foodchem International Corp, Hindustan Mint and Agro Products, India Essential Oils, Reynaud and Fils (HRF), Rocky Mountain Essential Oils, Sydney Essential Oil Co, Moksha Lifestyle Products, and The Lebermuth Co Inc.

What are the deliverable formats of the mint essential oils market?

The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.

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 Mint Essential Oils Market - By Product
1.3.2 Mint Essential Oils Market - By Application
1.3.3 Mint Essential Oils Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. MINT ESSENTIAL OILS 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. MINT ESSENTIAL OILS 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. MINT ESSENTIAL OILS MARKET - GLOBAL MARKET ANALYSIS
6.1. MINT ESSENTIAL OILS - GLOBAL MARKET OVERVIEW
6.2. MINT ESSENTIAL OILS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. MINT ESSENTIAL OILS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. CORNMINT OIL
7.3.1. Overview
7.3.2. Cornmint Oil Market Forecast and Analysis
7.4. PEPPERMINT OIL
7.4.1. Overview
7.4.2. Peppermint Oil Market Forecast and Analysis
7.5. SPEARMINT OIL
7.5.1. Overview
7.5.2. Spearmint Oil Market Forecast and Analysis
7.6. DEMENTHOLIZED PEPPERMINT OIL
7.6.1. Overview
7.6.2. Dementholized Peppermint Oil Market Forecast and Analysis
8. MINT ESSENTIAL OILS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. MEDICAL
8.3.1. Overview
8.3.2. Medical Market Forecast and Analysis
8.4. FOOD AND BEVERAGES
8.4.1. Overview
8.4.2. Food and Beverages Market Forecast and Analysis
8.5. SPA AND RELAXATION
8.5.1. Overview
8.5.2. Spa and Relaxation Market Forecast and Analysis
8.6. CLEANING AND HOME
8.6.1. Overview
8.6.2. Cleaning and Home Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis

9. MINT ESSENTIAL OILS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Mint Essential Oils Market Overview
9.1.2 North America Mint Essential Oils Market Forecasts and Analysis
9.1.3 North America Mint Essential Oils Market Forecasts and Analysis - By Product
9.1.4 North America Mint Essential Oils Market Forecasts and Analysis - By Application
9.1.5 North America Mint Essential Oils Market Forecasts and Analysis - By Countries
9.1.5.1 United States Mint Essential Oils Market
9.1.5.1.1 United States Mint Essential Oils Market by Product
9.1.5.1.2 United States Mint Essential Oils Market by Application
9.1.5.2 Canada Mint Essential Oils Market
9.1.5.2.1 Canada Mint Essential Oils Market by Product
9.1.5.2.2 Canada Mint Essential Oils Market by Application
9.1.5.3 Mexico Mint Essential Oils Market
9.1.5.3.1 Mexico Mint Essential Oils Market by Product
9.1.5.3.2 Mexico Mint Essential Oils Market by Application
9.2. EUROPE
9.2.1 Europe Mint Essential Oils Market Overview
9.2.2 Europe Mint Essential Oils Market Forecasts and Analysis
9.2.3 Europe Mint Essential Oils Market Forecasts and Analysis - By Product
9.2.4 Europe Mint Essential Oils Market Forecasts and Analysis - By Application
9.2.5 Europe Mint Essential Oils Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Mint Essential Oils Market
9.2.5.1.1 Germany Mint Essential Oils Market by Product
9.2.5.1.2 Germany Mint Essential Oils Market by Application
9.2.5.2 France Mint Essential Oils Market
9.2.5.2.1 France Mint Essential Oils Market by Product
9.2.5.2.2 France Mint Essential Oils Market by Application
9.2.5.3 Italy Mint Essential Oils Market
9.2.5.3.1 Italy Mint Essential Oils Market by Product
9.2.5.3.2 Italy Mint Essential Oils Market by Application
9.2.5.4 United Kingdom Mint Essential Oils Market
9.2.5.4.1 United Kingdom Mint Essential Oils Market by Product
9.2.5.4.2 United Kingdom Mint Essential Oils Market by Application
9.2.5.5 Russia Mint Essential Oils Market
9.2.5.5.1 Russia Mint Essential Oils Market by Product
9.2.5.5.2 Russia Mint Essential Oils Market by Application
9.2.5.6 Rest of Europe Mint Essential Oils Market
9.2.5.6.1 Rest of Europe Mint Essential Oils Market by Product
9.2.5.6.2 Rest of Europe Mint Essential Oils Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Mint Essential Oils Market Overview
9.3.2 Asia-Pacific Mint Essential Oils Market Forecasts and Analysis
9.3.3 Asia-Pacific Mint Essential Oils Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Mint Essential Oils Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Mint Essential Oils Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Mint Essential Oils Market
9.3.5.1.1 Australia Mint Essential Oils Market by Product
9.3.5.1.2 Australia Mint Essential Oils Market by Application
9.3.5.2 China Mint Essential Oils Market
9.3.5.2.1 China Mint Essential Oils Market by Product
9.3.5.2.2 China Mint Essential Oils Market by Application
9.3.5.3 India Mint Essential Oils Market
9.3.5.3.1 India Mint Essential Oils Market by Product
9.3.5.3.2 India Mint Essential Oils Market by Application
9.3.5.4 Japan Mint Essential Oils Market
9.3.5.4.1 Japan Mint Essential Oils Market by Product
9.3.5.4.2 Japan Mint Essential Oils Market by Application
9.3.5.5 South Korea Mint Essential Oils Market
9.3.5.5.1 South Korea Mint Essential Oils Market by Product
9.3.5.5.2 South Korea Mint Essential Oils Market by Application
9.3.5.6 Rest of Asia-Pacific Mint Essential Oils Market
9.3.5.6.1 Rest of Asia-Pacific Mint Essential Oils Market by Product
9.3.5.6.2 Rest of Asia-Pacific Mint Essential Oils Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Mint Essential Oils Market Overview
9.4.2 Middle East and Africa Mint Essential Oils Market Forecasts and Analysis
9.4.3 Middle East and Africa Mint Essential Oils Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Mint Essential Oils Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Mint Essential Oils Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Mint Essential Oils Market
9.4.5.1.1 South Africa Mint Essential Oils Market by Product
9.4.5.1.2 South Africa Mint Essential Oils Market by Application
9.4.5.2 Saudi Arabia Mint Essential Oils Market
9.4.5.2.1 Saudi Arabia Mint Essential Oils Market by Product
9.4.5.2.2 Saudi Arabia Mint Essential Oils Market by Application
9.4.5.3 U.A.E Mint Essential Oils Market
9.4.5.3.1 U.A.E Mint Essential Oils Market by Product
9.4.5.3.2 U.A.E Mint Essential Oils Market by Application
9.4.5.4 Rest of Middle East and Africa Mint Essential Oils Market
9.4.5.4.1 Rest of Middle East and Africa Mint Essential Oils Market by Product
9.4.5.4.2 Rest of Middle East and Africa Mint Essential Oils Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Mint Essential Oils Market Overview
9.5.2 South and Central America Mint Essential Oils Market Forecasts and Analysis
9.5.3 South and Central America Mint Essential Oils Market Forecasts and Analysis - By Product
9.5.4 South and Central America Mint Essential Oils Market Forecasts and Analysis - By Application
9.5.5 South and Central America Mint Essential Oils Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Mint Essential Oils Market
9.5.5.1.1 Brazil Mint Essential Oils Market by Product
9.5.5.1.2 Brazil Mint Essential Oils Market by Application
9.5.5.2 Argentina Mint Essential Oils Market
9.5.5.2.1 Argentina Mint Essential Oils Market by Product
9.5.5.2.2 Argentina Mint Essential Oils Market by Application
9.5.5.3 Rest of South and Central America Mint Essential Oils Market
9.5.5.3.1 Rest of South and Central America Mint Essential Oils Market by Product
9.5.5.3.2 Rest of South and Central America Mint Essential Oils Market by Application

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. MINT ESSENTIAL OILS MARKET, KEY COMPANY PROFILES
11.1. AOS PRODUCTS PVT., LTD.
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. FLAVEX NATUREXTRAKTE GMBH
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. FOODCHEM INTERNATIONAL CORPORATION
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. HINDUSTAN MINT AND AGRO PRODUCTS
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. INDIA ESSENTIAL OILS
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. REYNAUD AND FILS (HRF)
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. ROCKY MOUNTAIN ESSENTIAL OILS
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. SYDNEY ESSENTIAL OIL CO. (SEOC) MOKSHA LIFESTYLE PRODUCTS
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. THE LEBERMUTH COMPANY, INC.,
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. VINAYAK INGREDIENTS (INDIA) PRIVATE LIMITED
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. AOS Products Pvt., Ltd.
2. Flavex Naturextrakte GmbH
3. Foodchem International Corporation
4. Hindustan Mint and Agro Products
5. India Essential Oils
6. Reynaud and Fils (HRF)
7. Rocky Mountain Essential Oils
8. Sydney Essential Oil Co. (SEOC) Moksha Lifestyle Products
9. The Lebermuth Company, Inc.,
10. Vinayak Ingredients (India) Private Limited

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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