The Soy Chemicals Market is expected to register a CAGR of 7.0% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by product type (soybean oil, soy protein, soy polymers, soy lecithin, soy biodiesel, and others). The report further presents an analysis based on the application (food and beverages, personal care and cosmetics, industrial applications, pharmaceuticals, animal feed, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Soy Chemicals Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Soy Chemicals Market Segmentation
Product Type- Soybean Oil
- Soy Protein
- Soy Polymers
- Soy Lecithin
- Soy Biodiesel
- Food and Beverages
- Personal Care and Cosmetics
- Industrial Applications
- Pharmaceuticals
- Animal Feed
Strategic Insights
Soy Chemicals Market Growth Drivers- Environmental Concerns and Sustainability: Growing environmental concerns, the industries are trying to replace their petrochemical-based products with sustainable alternatives. Soy-based chemicals, for example, are biodegradable and prepared from renewable plant sources, and the thrust from aggressive promotion for an eco-friendly product is driving the trend; it translates to huge demand from consumers and pushes organizations to become more environmentally friendly. The various fields such as agricultural, packing, automotive, and personal care drive the soya chemicals market as an ecofriendly product.
- Government Policies and Support: Almost all the governments of the nations have integrated policies and incentives toward renewable and bio-based chemical consumption. The regulation and incentive on production to reduce greenhouse gases, coupled with its bias from traditional raw materials toward renewable raw materials, are behind the growing momentum for soy-based chemicals. Government support to the bio-based industries by the U.S. government includes the BioPreferred Program, which is one of the main enablers of the soy-based alternative market. European Union regulations regarding environmental concerns enhance the use of sustainable chemicals in the market that favor alternatives based on soybeans.
- Health and Safety Considerations: Public awareness about the health and environment-harming impact of petrochemical-based products, like toxins and carcinogens, encourages industries to shift to safer, non-toxic alternatives. Soy chemicals are safer for human health and the environment because they come from natural plant sources. As such, their application in personal care products, food additives, and even pharmaceuticals is on the increase. Corporations have started shifting toward soy-based chemicals in a quest to fulfill the needs of customers who seek cleaner and more natural products.
- Soy-Based Bio-Plastics and Polymers: The greatest emerging trend in the soy chemicals market relates to usage for the production of bio-based plastics and polymers due to the increased usage of soy-based chemicals. As sustainable packaging solutions and eco-friendly material demands have increased, the innovation of bio-based polymers has gained ground; many use soy derivatives as key ingredients. For example, soy-based plasticizers and resins are increasingly being used by the packaging, automobile, and construction industries as substitutes for petroleum-based plastics. This is part of the general trend towards a circular economy and towards sustainable sourcing of materials.
- Rise of Soy-Based Ingredients in Personal Care and Cosmetics: Soy chemicals have become increasingly popular in personal care and cosmetics due to their natural origin, safety, and skin-friendliness. The most significant interest in skincare products, hair care formulations, and cosmetics is in soy proteins, oils, and lecithin. And with more and more huge "clean" beauty users demanding "non-synthetic" chemicals, there has been sharp growth in soy-based ingredients for the replacement of synthetic chemicals. That trend drives formulating innovators to produce performance-equivalent products without containing harmful chemicals.
- Advances in Soy Chemical Processing Technologies: Advances in soy chemical processing technologies improve the cost-effectiveness and scalability of the production of soy-based chemicals. New extraction, refining, and modification technologies allow manufacturers to produce high-quality soy chemicals at lower costs than ever, helping them become competitive with petrochemical alternatives. It also improves the functional properties of soy chemicals, which makes them better applied in the coatings, adhesives, and lubricants markets, for example.
- Bio-Based Plastics and Composites: Soy chemicals, particularly during the development of bio-based plastics and foams and composites, offer great promise for future growth in the automotive industry. Soy-based alternatives are being researched and developed to replace synthetic polyurethane used in car interiors, such as seat cushions, insulation, and upholstery, which makes them lighter, cheaper, and with better sustainability. Since the automotive industry is quick to think of decreasing its carbon footprint and raise the use of renewable materials, soy chemicals will benefit from this trend immensely.
- Natural Additives, Preservatives, and Emulsifiers: Another significant related market for soy chemicals is food and beverages. Some of the important applications here for soy chemicals are in the form of natural food additives, preservatives, and emulsifiers. Soy lecithin, for instance, is one of the most widely used emulsifiers in food processing, helping mix oils with water-based ingredients together. Consumers demand cleaner label products free from added artificial additives and preservatives, so a new opportunity is arising for soy-based ingredients instead of some synthetic chemicals. Further, the increasing trend in plant-based diets and the use of soy as alternative protein product also increases the demand for soy chemicals in food application.
- Soy-Based Surfactants: The open opportunity for soy chemicals in the form of bio-based surfactants is the increasing trend of green cleaning materials for environment safety. Soy-based surfactants are biodegradable; they are non-toxic and effective in a wide range of cleaning products, from household cleaners to industrial degreasers. As consumers and businesses increase their emphasis on sustainability, the demand for plant-based, eco-friendly cleaning solutions is expected to gain significant growth potential for soy-derived surfactants.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Soy Chemicals Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Soy Chemicals Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Growth in bio-based plastics and polymers is expected to be the key market trend.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
On the basis of geography, the soy chemicals market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
Cargill Inc, Archer Daniels Midland Co, Bunge Ltd, DuPont de Nemours Inc, Soja Austria GmbH, Soy Technologies Inc, Mitsui & Co Ltd, Kerry Group Plc, Tate & Lyle Plc, and Sonneborn Inc
The major factors driving the soy chemicals market are:
1. Rising Demand for Sustainable and Biodegradable Products.
2. Health and Safety Concerns with Conventional Chemicals.
The Soy Chemicals Market is estimated to witness a CAGR of 7.0% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Soy Chemicals Market - By Product Type
1.3.2 Soy Chemicals Market - By Application
1.3.3 Soy Chemicals Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOY CHEMICALS 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. SOY CHEMICALS 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. SOY CHEMICALS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOY CHEMICALS - GLOBAL MARKET OVERVIEW
6.2. SOY CHEMICALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOY CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOY-OIL
7.3.1. Overview
7.3.2. Soy-Oil Market Forecast and Analysis
7.4. POLYOLS
7.4.1. Overview
7.4.2. Polyols Market Forecast and Analysis
7.5. FATTY ACIDS
7.5.1. Overview
7.5.2. Fatty Acids Market Forecast and Analysis
7.6. SOY-WAX
7.6.1. Overview
7.6.2. Soy-Wax Market Forecast and Analysis
7.7. ISOFLAVONES
7.7.1. Overview
7.7.2. Isoflavones Market Forecast and Analysis
7.8. METHYL SOYATE
7.8.1. Overview
7.8.2. Methyl Soyate Market Forecast and Analysis
7.9. OTHERS
7.9.1. Overview
7.9.2. Others Market Forecast and Analysis
8. SOY CHEMICALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PLASTICS
8.3.1. Overview
8.3.2. Plastics Market Forecast and Analysis
8.4. BIODIESEL
8.4.1. Overview
8.4.2. Biodiesel Market Forecast and Analysis
8.5. FOOD AND BEVERAGES
8.5.1. Overview
8.5.2. Food and Beverages Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SOY CHEMICALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Soy Chemicals Market Overview
9.1.2 North America Soy Chemicals Market Forecasts and Analysis
9.1.3 North America Soy Chemicals Market Forecasts and Analysis - By Product Type
9.1.4 North America Soy Chemicals Market Forecasts and Analysis - By Application
9.1.5 North America Soy Chemicals Market Forecasts and Analysis - By Countries
9.1.5.1 United States Soy Chemicals Market
9.1.5.1.1 United States Soy Chemicals Market by Product Type
9.1.5.1.2 United States Soy Chemicals Market by Application
9.1.5.2 Canada Soy Chemicals Market
9.1.5.2.1 Canada Soy Chemicals Market by Product Type
9.1.5.2.2 Canada Soy Chemicals Market by Application
9.1.5.3 Mexico Soy Chemicals Market
9.1.5.3.1 Mexico Soy Chemicals Market by Product Type
9.1.5.3.2 Mexico Soy Chemicals Market by Application
9.2. EUROPE
9.2.1 Europe Soy Chemicals Market Overview
9.2.2 Europe Soy Chemicals Market Forecasts and Analysis
9.2.3 Europe Soy Chemicals Market Forecasts and Analysis - By Product Type
9.2.4 Europe Soy Chemicals Market Forecasts and Analysis - By Application
9.2.5 Europe Soy Chemicals Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Soy Chemicals Market
9.2.5.1.1 Germany Soy Chemicals Market by Product Type
9.2.5.1.2 Germany Soy Chemicals Market by Application
9.2.5.2 France Soy Chemicals Market
9.2.5.2.1 France Soy Chemicals Market by Product Type
9.2.5.2.2 France Soy Chemicals Market by Application
9.2.5.3 Italy Soy Chemicals Market
9.2.5.3.1 Italy Soy Chemicals Market by Product Type
9.2.5.3.2 Italy Soy Chemicals Market by Application
9.2.5.4 United Kingdom Soy Chemicals Market
9.2.5.4.1 United Kingdom Soy Chemicals Market by Product Type
9.2.5.4.2 United Kingdom Soy Chemicals Market by Application
9.2.5.5 Russia Soy Chemicals Market
9.2.5.5.1 Russia Soy Chemicals Market by Product Type
9.2.5.5.2 Russia Soy Chemicals Market by Application
9.2.5.6 Rest of Europe Soy Chemicals Market
9.2.5.6.1 Rest of Europe Soy Chemicals Market by Product Type
9.2.5.6.2 Rest of Europe Soy Chemicals Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Soy Chemicals Market Overview
9.3.2 Asia-Pacific Soy Chemicals Market Forecasts and Analysis
9.3.3 Asia-Pacific Soy Chemicals Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Soy Chemicals Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Soy Chemicals Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Soy Chemicals Market
9.3.5.1.1 Australia Soy Chemicals Market by Product Type
9.3.5.1.2 Australia Soy Chemicals Market by Application
9.3.5.2 China Soy Chemicals Market
9.3.5.2.1 China Soy Chemicals Market by Product Type
9.3.5.2.2 China Soy Chemicals Market by Application
9.3.5.3 India Soy Chemicals Market
9.3.5.3.1 India Soy Chemicals Market by Product Type
9.3.5.3.2 India Soy Chemicals Market by Application
9.3.5.4 Japan Soy Chemicals Market
9.3.5.4.1 Japan Soy Chemicals Market by Product Type
9.3.5.4.2 Japan Soy Chemicals Market by Application
9.3.5.5 South Korea Soy Chemicals Market
9.3.5.5.1 South Korea Soy Chemicals Market by Product Type
9.3.5.5.2 South Korea Soy Chemicals Market by Application
9.3.5.6 Rest of Asia-Pacific Soy Chemicals Market
9.3.5.6.1 Rest of Asia-Pacific Soy Chemicals Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Soy Chemicals Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Soy Chemicals Market Overview
9.4.2 Middle East and Africa Soy Chemicals Market Forecasts and Analysis
9.4.3 Middle East and Africa Soy Chemicals Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Soy Chemicals Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Soy Chemicals Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Soy Chemicals Market
9.4.5.1.1 South Africa Soy Chemicals Market by Product Type
9.4.5.1.2 South Africa Soy Chemicals Market by Application
9.4.5.2 Saudi Arabia Soy Chemicals Market
9.4.5.2.1 Saudi Arabia Soy Chemicals Market by Product Type
9.4.5.2.2 Saudi Arabia Soy Chemicals Market by Application
9.4.5.3 U.A.E Soy Chemicals Market
9.4.5.3.1 U.A.E Soy Chemicals Market by Product Type
9.4.5.3.2 U.A.E Soy Chemicals Market by Application
9.4.5.4 Rest of Middle East and Africa Soy Chemicals Market
9.4.5.4.1 Rest of Middle East and Africa Soy Chemicals Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Soy Chemicals Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Soy Chemicals Market Overview
9.5.2 South and Central America Soy Chemicals Market Forecasts and Analysis
9.5.3 South and Central America Soy Chemicals Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Soy Chemicals Market Forecasts and Analysis - By Application
9.5.5 South and Central America Soy Chemicals Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Soy Chemicals Market
9.5.5.1.1 Brazil Soy Chemicals Market by Product Type
9.5.5.1.2 Brazil Soy Chemicals Market by Application
9.5.5.2 Argentina Soy Chemicals Market
9.5.5.2.1 Argentina Soy Chemicals Market by Product Type
9.5.5.2.2 Argentina Soy Chemicals Market by Application
9.5.5.3 Rest of South and Central America Soy Chemicals Market
9.5.5.3.1 Rest of South and Central America Soy Chemicals Market by Product Type
9.5.5.3.2 Rest of South and Central America Soy Chemicals 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. SOY CHEMICALS MARKET, KEY COMPANY PROFILES
11.1. BIOBASED TECHNOLOGIES LLC
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. BUNGE LTD
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. CARA PLASTICS INC.
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. ELEVANCE RENEWABLE SCIENCES 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. GRIFFIN 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. SOY TECHNOLOGIES LLC
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. THE ARCHER DANIELS MIDLAND COMPANY
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 DOW CHEMICAL COMPANY
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. VITASOY USA INC.
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. BioBased Technologies LLC
2. Bunge Ltd
3. Cara Plastics Inc.
4. Cargill Inc.
5. Elevance Renewable Sciences Inc.
6. Griffin Industries Inc.
7. Soy Technologies LLC
8. The Archer Daniels Midland Company
9. The Dow Chemical Company
10. Vitasoy USA 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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