Poland Animal Nutrition Chemicals Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)
Poland Animal Nutrition Chemicals Market Size and Forecast (2021 - 2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Vitamins, Minerals, Prebiotics and Probiotics, Enzymes, Flavors, Amino Acids, Antioxidants, and Others) and Livestock (Poultry, Ruminants, Swine, Aquaculture, and Others)
- Report Date : Jun 2025
- Report Code : TIPRE00040940
- Category : Food and Beverages
- Status : Published
- Available Report Formats :
- No. of Pages : 105
The Poland animal nutrition chemicals market size is projected to reach US$ 1,715.23 million by 2031 from US$ 999.55 million in 2024. The market is expected to register a CAGR of 8.1% during 2025–2031. The rising demand for high-quality and nutritious animal feed is driving the market growth.
Poland Animal Nutrition Chemicals Market Analysis
Poland's animal nutrition chemicals market is experiencing a significant surge in demand for high-quality and nutritious feed, driven by both domestic consumption and export growth. Furthermore, government initiatives play a pivotal role in fostering this expansion. The "National Program for Sustainable Feed Production" aims to reduce greenhouse gas emissions, minimize antibiotic use, and enhance feed quality. Additionally, the "National Veterinary Program" focuses on ensuring feed safety and preventing the spread of animal diseases. The Poland animal feed market is experiencing a significant shift toward organic and natural feed additives, driven by evolving consumer preferences, stringent regulatory frameworks, and strategic industry developments. Due to the growing demand for organic and non-GMO feed solutions, Polish farmers are increasingly recognizing the importance of animal health in enhancing productivity and profitability.
Poland Animal Nutrition Chemicals Market Overview
Animal nutrition chemicals are additives used in animal feed production to promote growth, enhance overall livestock health, and improve various aspects of livestock production. These include vitamins, minerals, prebiotics and probiotics, enzymes, flavors, antioxidants, and other chemicals. These chemicals optimize the nutrition intake of livestock animals, such as poultry, ruminants, and swine, along with aquatic animals. The Poland animal nutrition chemicals market is highly competitive, with the presence of various regional and international manufacturers having strong distribution networks and well-established customer bases. These players compete based on product differentiation, quality, and price. The increasing demand for sustainable and organic feed ingredients is adding new dynamics to the rivalry, with companies striving to lead in these sectors. Thus, to cater to this increasing demand, manufacturers are extensively investing in research & development to launch innovative products.
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Poland Animal Nutrition Chemicals Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Poland Animal Nutrition Chemicals Market: Strategic Insights
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Poland Animal Nutrition Chemicals Market Drivers and Opportunities
Rising Requirement for High-Quality and Nutritious Animal Feed
Poland's animal nutrition chemicals market is experiencing a significant transformation, driven by a rising demand for high-quality and nutritious feed. The export value of animal food has also consistently risen, reaching US$ 2.53 billion (€2.22 billion) in 2023, marking a 15% increase from the previous year. This upward trend is further supported by the Animal Nutrition Act, which sets quality standards for animal feed to ensure they meet nutritional needs without compromising human or animal health.
Feed formulations increasingly include additives such as amino acids, probiotics, enzymes, and trace minerals to enhance nutrient absorption and reduce methane emissions. As dairy and beef exports rise, so does the need for scientifically formulated feed that supports optimal milk yield, meat quality, and animal welfare. The adoption of precision feeding technologies and tailored nutritional programs for ruminants further highlights the shift toward more sustainable and efficient animal farming practices in Poland.
Rising Demand for Organic and Natural Feed Additives and Nutrition Chemicals
The Poland animal feed market is experiencing a strong demand for organic and natural feed additives. Key industry players are actively responding to this demand by expanding their operations and launching natural, GMO-free additives. In January 2024, Protix, a Netherlands-based company, started the construction of a production plant in Poland, focusing on alternative protein sources for sustainable pet and livestock feed. Similarly, ForFarmers, a leading feed producer, acquired Poland-based Piast Pasze in July 2023, expanding its production capacity and strengthening its position in the broiler farming segment. These strategic moves highlight the industry's commitment to meeting the rising demand for organic and natural feed additives.
Poland Animal Nutrition Chemicals Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Poland animal nutrition chemicals market analysis are product type and livestock.
- Based on product type, the market is segmented into vitamins, minerals, prebiotics and probiotics, enzymes, flavors, amino acids, antioxidants, and others. The flavors segment held the largest share of the market in 2024.
- In terms of livestock, the market is segmented into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest share of the market in 2024.
Poland Animal Nutrition Chemicals Market Report Scope
Poland Animal Nutrition Chemicals Market News and Recent Developments
The Poland animal nutrition chemicals market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
- Dutch feed producer De Heus Voeders acquired poultry processor Kessels Holding B.V. and its underlying activities, including Van der Linden & Co. B.V., Van der Linden & Co. Beheer B.V., Van der Linden Diervoeders B.V., Van der Linden Poultry Farms B.V., and Van der Linden Poultry Products B.V. (Source: De Heus Voeders, Press Release, January 2025)
- BASF expanded the production capacity of its enzyme plant in Ludwigshafen, Germany. Through the expansion of the existing plant, BASF has significantly increased the annual number of feasible fermentation runs. The larger production capacity enables BASF to meet the growing global demand from customers for a reliable, high-quality supply of the BASF feed enzymes Natuphos E (phytase), Natugrain TS (xylanase and glucanase), and the recently launched Natupulse TS (mannanase). The expanded enzyme plant has already started production and larger quantities of BASF feed enzymes. (Source: BASF SE, News Release, January 2022)
- At Song May Industrial Park, Trang Bom District, Dong Nai, De Heus organized the Inauguration Ceremony of the De Heus Premix Factory, with a capacity of 60,000 tons. This is the first Premix Factory of De Heus in Asia. The inauguration of De Heus' Premix Factory contributes to the supply of key nutritional ingredients to the animal husbandry sector, ensuring quality for farmers in Dong Nai as well as neighboring provinces. (Source: De Heus, Company News, November 2022)
Poland Animal Nutrition Chemicals Market Report Coverage and Deliverables
The "Poland Animal Nutrition Chemicals Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Poland animal nutrition chemicals market size and forecast at country levels for all the key market segments covered under the scope
- Poland animal nutrition chemicals market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces and SWOT analysis
- Poland animal nutrition chemicals market analysis covering key market trends, national 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 Poland animal nutrition chemicals market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The flavors segment dominated the market in 2024.
The rising demand for high-quality and nutritious animal feed and increasing consumption of animal protein are a few of the factors driving the market.
Strategic investments by key market players are expected to bring new trends to the market.
BASF SE, Archer-Daniels-Midland Co, De Heus Voeders BV, Cargill Inc, Kemin Industries Inc, Alltech Inc, DSM-Firmenich AG, Evonik Industries AG, Vernus Sp Zoo, and Nutreco NV are among the key players operating in the Poland animal nutrition chemicals market.
The market is projected to reach US$ 1,715.23 million by 2031.
The market is estimated to register a CAGR of 8.1% during 2025–2031.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Poland Animal Nutrition Chemicals Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Threat of Substitutes:
4.2.3 Bargaining Power of Buyers:
4.2.4 Bargaining Power of Suppliers:
4.2.5 Competitive Rivalry:
4.3 Ecosystem Analysis
4.3.1 Raw Materials
4.3.2 Manufacturers
4.3.3 Distributors or Suppliers
4.3.4 End Users:
4.3.5 List of Vendors in the Value Chain
5. Poland Animal Nutrition Chemicals Market – Key Market Dynamics
5.1 Poland Animal Nutrition Chemicals Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Growing Demand for Animal Protein
5.2.2 Rising Requirement for High Quality and Nutritious Animal Feed
5.3 Market Restraints
5.3.1 Fluctuating Product Prices and Stringent Regulations
5.4 Market Opportunities
5.4.1 Rising Demand for Organic and Natural Feed Additives and Nutrition Chemicals
5.5 Future Trends
5.5.1 Strategic Initiatives by Key Players
5.6 Impact of Drivers and Restraints:
6. Poland Animal Nutrition Chemicals Market Analysis
6.1 Poland Animal Nutrition Chemicals Market Volume (Kilo Tons), 2021–2031
6.2 Poland Animal Nutrition Chemicals Market Volume Forecast and Analysis (Kilo Tons)
6.3 Poland Animal Nutrition Chemicals Market Revenue (US$ Million), 2021–2031
6.4 Poland Animal Nutrition Chemicals Market Forecast and Analysis (US$ Million)
7. Poland Animal Nutrition Chemicals Market Volume and Revenue Analysis – by Product Type
7.1 Vitamins
7.1.1 Overview
7.1.2 Vitamins: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.1.3 Vitamins: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Minerals
7.2.1 Overview
7.2.2 Minerals: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.2.3 Minerals: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.3 Prebiotics and Probiotics
7.3.1 Overview
7.3.2 Prebiotics and Probiotics: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.3.3 Prebiotics and Probiotics: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.4 Enzymes
7.4.1 Overview
7.4.2 Enzymes: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.4.3 Enzymes: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.5 Flavors
7.5.1 Overview
7.5.2 Flavors: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.5.3 Flavors: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.6 Amino Acids
7.6.1 Overview
7.6.2 Amino Acids: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.6.3 Amino Acids: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.7 Antioxidants
7.7.1 Overview
7.7.2 Antioxidants: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.7.3 Antioxidants: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
7.8.3 Others: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
8. Poland Animal Nutrition Chemicals Market Volume and Revenue Analysis – by Livestock
8.1 Poultry
8.1.1 Overview
8.1.2 Poultry: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
8.1.3 Poultry: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
8.2 Ruminants
8.2.1 Overview
8.2.2 Ruminants: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
8.2.3 Ruminants: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
8.3 Swine
8.3.1 Overview
8.3.2 Swine: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
8.3.3 Swine: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
8.4 Aquaculture
8.4.1 Overview
8.4.2 Aquaculture: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
8.4.3 Aquaculture: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
8.5.3 Others: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
9. Competitive Landscape
9.1 Heat Map Analysis by Key Players
9.2 Company Market Share Analysis, 2024
10. Poland Animal Nutrition Chemicals Market Industry Landscape
10.1 Overview
10.2 Mergers and Acquisitions
10.3 Agreements, Collaborations, and Joint Ventures
10.4 Product Launch
10.5 Expansions and other Strategic Developments
11. Company Profiles
11.1 BASF SE
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 Archer-Daniels-Midland Co
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 De Heus Voeders BV
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 Cargill Inc
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 Kemin Industries Inc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Alltech 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 DSM-Firmenich AG
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 Evonik Industries AG
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 Vernus Sp. z o.o.
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 Nutreco NV
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
List of Tables
Table 1. Poland Animal Nutrition Chemicals Market Segmentation
Table 2. List of Vendors in Value Chain:
Table 3. Poland Animal Nutrition Chemicals Market – Volume, 2021 - 2024 (Kilo Tons)
Table 4. Poland Animal Nutrition Chemicals Market – Volume, 2025 - 2031 (Kilo Tons)
Table 5. Poland Animal Nutrition Chemicals Market – Revenue, 2021 - 2024 (US$ Million)
Table 6. Poland Animal Nutrition Chemicals Market – Revenue, 2025 - 2031 (US$ Million)
Table 7. Poland Animal Nutrition Chemicals Market – Volume, 2021 -2024 (Kilo Tons) –by Product Type
Table 8. Poland Animal Nutrition Chemicals Market – Volume, 2025 -2031 (Kilo Tons) –by Product Type
Table 9. Poland Animal Nutrition Chemicals Market – Revenue, 2021 - 2024 (US$ Million) – by Product Type
Table 10. Poland Animal Nutrition Chemicals Market – Revenue, 2025 - 2031 (US$ Million) – by Product Type
Table 11. Poland Animal Nutrition Chemicals Market – Volume, 2021 -2024(Kilo Tons) –by Livestock
Table 12. Poland Animal Nutrition Chemicals Market – Volume, 2025 -2031 (Kilo Tons) –by Livestock
Table 13. Poland Animal Nutrition Chemicals Market – Revenue, 2021 - 2024 (US$ Million) – by Livestock
Table 14. Poland Animal Nutrition Chemicals Market – Revenue, 2025 - 2031 (US$ Million) – by Livestock
Table 15. Heat Map Analysis by Key Players
List of Figures
Figure 1. Poland Animal Nutrition Chemicals Market Segmentation, by Country
Figure 2. Porter's Five Forces Analysis
Figure 3. Ecosystem: Poland Animal Nutrition Chemicals Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Poland Animal Nutrition Chemicals Market Volume (Kilo Tons), 2021–2031
Figure 6. Poland Animal Nutrition Chemicals Market Revenue (US$ Million), 2021–2031
Figure 7. Poland Animal Nutrition Chemicals Market Share (%) – Product Type, 2024 and 2031
Figure 8. Vitamins: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 9. Vitamins: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. Minerals: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 11. Minerals: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 12. Prebiotics and Probiotics: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 13. Prebiotics and Probiotics: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Enzymes: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 15. Enzymes: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 16. Flavors: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 17. Flavors: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 18. Amino Acids: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 19. Amino Acids: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 20. Antioxidants: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 21. Antioxidants: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 22. Others: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 23. Others: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 24. Poland Animal Nutrition Chemicals Market Share (%) – Livestock, 2024 and 2031
Figure 25. Poultry: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 26. Poultry: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 27. Ruminants: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 28. Ruminants: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 29. Swine: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 30. Swine: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 31. Aquaculture: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 32. Aquaculture: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 33. Others: Poland Animal Nutrition Chemicals Market – Volume and Forecast to 2031 (Kilo Tons)
Figure 34. Others: Poland Animal Nutrition Chemicals Market – Revenue and Forecast to 2031 (US$ Million)
Figure 35. Company Market Share Analysis, 2024
The List of Companies - Poland Animal Nutrition Chemicals Market
- BASF SE
- Archer-Daniels-Midland Co
- De Heus Voeders BV
- Cargill Inc
- Kemin Industries Inc
- Alltech Inc
- DSM-Firmenich AG
- Evonik Industries AG
- Vernus Sp Zoo
- Nutreco NV.
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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