MARKET OVERVIEW
Almond milk is based upon plant milk prepared from almonds and possesses a nuttier taste with creamy texture. Such type of milk is extensively demanded across diverse application base such as food & beverages, nutraceuticals & baby food, personal care, pharmaceuticals and others. The rise in instances of lactose intolerance and hypercholesterolemia has promoted the demand for almond milk. Also, such type of milk offers several health benefits including weight management along with making bones stronger, promotion of digestion, and others.
MARKET SCOPE
The “Global Almond Milk Market Analysis to 2028” is a specialized and in-depth study of the Food and Beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the almond milk market with detailed market segmentation by end use, distribution channel and geography. The report provides key statistics on the market status of the leading almond milk market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Category, the global almond milk market is segmented into organic, conventional.
- On the basis of Type, the market is segmented into plain, flavored.
- Based on packaging type, the global almond milk market is segmented into bottles, cans, others.
- On the basis of distribution channel, the market is segmented into supermarket & hypermarket, convenience stores, online retails and others.
MARKET DYNAMICS
Drivers-
- Rising instances of lactose intolerance and hypercholesterolemia.
- Growing preference towards vegan diet.
- Rising application base of almond milk.
- Increasing adoption of dairy-free alternatives.
Restraints-
- High cost associated with almond milk
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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond milk 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 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 trend. 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 Almond Milk market in these regions.
IMPACT OF COVID-19 ON ALMOND MILK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The ongoing COVID-19 pandemic has altered the status of the almond milk industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, thereby, impacting the demand for almond milk. However as the economies are planning to revive their operations, the demand for almond milk is expected to rise globally in the coming months. Further, significant investments by prominent companies in the development of advanced products is, yet, another factor supporting the market growth.
KEY
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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 market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The almond milk 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 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 trend. 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 Almond Milk market in these regions.
IMPACT OF COVID-19 ON ALMOND MILK MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The ongoing COVID-19 pandemic has altered the status of the almond milk industry. The outbreak has distorted operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, thereby, impacting the demand for almond milk. However as the economies are planning to revive their operations, the demand for almond milk is expected to rise globally in the coming months. Further, significant investments by prominent companies in the development of advanced products is, yet, another factor supporting the market growth.
KEY MARKET PLAYERS
The report covers key developments in the Almond Milk 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from almond milk market are anticipated to lucrative growth opportunities in the future with the rising demand for Almond Milk in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the almond milk 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 3 years, the key development in the past five years.
- Daiya Foods Inc.
- Hain Celestial Group
- Pureharvest
- Sunopta Inc.
- White Wave Foods
- Blue Diamond Growers
- Sanitarium
- Califia Farms
- Tofutti Brands Inc.
- Fine Japan Co. Ltd.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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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 Almond Milk Market - By Category
1.3.2 Almond Milk Market - By Type
1.3.3 Almond Milk Market - By Packaging Type
1.3.4 Almond Milk Market - By Distribution Channel
1.3.5 Almond Milk Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ALMOND MILK 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. ALMOND MILK 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. ALMOND MILK MARKET - GLOBAL MARKET ANALYSIS
6.1. ALMOND MILK - GLOBAL MARKET OVERVIEW
6.2. ALMOND MILK - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ALMOND MILK MARKET - REVENUE AND FORECASTS TO 2028 – CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. ALMOND MILK MARKET - REVENUE AND FORECASTS TO 2028 – TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. PLAIN
8.3.1. Overview
8.3.2. Plain Market Forecast and Analysis
8.4. FLAVORED
8.4.1. Overview
8.4.2. Flavored Market Forecast and Analysis
9. ALMOND MILK MARKET - REVENUE AND FORECASTS TO 2028 – PACKAGING TYPE
9.1. OVERVIEW
9.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
9.3. BOTTLES
9.3.1. Overview
9.3.2. Bottles Market Forecast and Analysis
9.4. CANS
9.4.1. Overview
9.4.2. Cans Market Forecast and Analysis
9.5. OTHERS
9.5.1. Overview
9.5.2. Others Market Forecast and Analysis
10. ALMOND MILK MARKET - REVENUE AND FORECASTS TO 2028 – DISTRIBUTION CHANNEL
10.1. OVERVIEW
10.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
10.3. HYPERMARKETS AND SUPERMARKETS
10.3.1. Overview
10.3.2. Hypermarkets and Supermarkets Market Forecast and Analysis
10.4. CONVENIENCE STORES
10.4.1. Overview
10.4.2. Convenience Stores Market Forecast and Analysis
10.5. ONLINE RETAIL
10.5.1. Overview
10.5.2. Online Retail Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. ALMOND MILK MARKET REVENUE AND FORECASTS TO 2028 – GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Almond Milk Market Overview
11.1.2 North America Almond Milk Market Forecasts and Analysis
11.1.3 North America Almond Milk Market Forecasts and Analysis - By Category
11.1.4 North America Almond Milk Market Forecasts and Analysis - By Type
11.1.5 North America Almond Milk Market Forecasts and Analysis - By Packaging Type
11.1.6 North America Almond Milk Market Forecasts and Analysis - By Distribution Channel
11.1.7 North America Almond Milk Market Forecasts and Analysis - By Countries
11.1.7.1 United States Almond Milk Market
11.1.7.1.1 United States Almond Milk Market by Category
11.1.7.1.2 United States Almond Milk Market by Type
11.1.7.1.3 United States Almond Milk Market by Packaging Type
11.1.7.1.4 United States Almond Milk Market by Distribution Channel
11.1.7.2 Canada Almond Milk Market
11.1.7.2.1 Canada Almond Milk Market by Category
11.1.7.2.2 Canada Almond Milk Market by Type
11.1.7.2.3 Canada Almond Milk Market by Packaging Type
11.1.7.2.4 Canada Almond Milk Market by Distribution Channel
11.1.7.3 Mexico Almond Milk Market
11.1.7.3.1 Mexico Almond Milk Market by Category
11.1.7.3.2 Mexico Almond Milk Market by Type
11.1.7.3.3 Mexico Almond Milk Market by Packaging Type
11.1.7.3.4 Mexico Almond Milk Market by Distribution Channel
11.2. EUROPE
11.2.1 Europe Almond Milk Market Overview
11.2.2 Europe Almond Milk Market Forecasts and Analysis
11.2.3 Europe Almond Milk Market Forecasts and Analysis - By Category
11.2.4 Europe Almond Milk Market Forecasts and Analysis - By Type
11.2.5 Europe Almond Milk Market Forecasts and Analysis - By Packaging Type
11.2.6 Europe Almond Milk Market Forecasts and Analysis - By Distribution Channel
11.2.7 Europe Almond Milk Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Almond Milk Market
11.2.7.1.1 Germany Almond Milk Market by Category
11.2.7.1.2 Germany Almond Milk Market by Type
11.2.7.1.3 Germany Almond Milk Market by Packaging Type
11.2.7.1.4 Germany Almond Milk Market by Distribution Channel
11.2.7.2 France Almond Milk Market
11.2.7.2.1 France Almond Milk Market by Category
11.2.7.2.2 France Almond Milk Market by Type
11.2.7.2.3 France Almond Milk Market by Packaging Type
11.2.7.2.4 France Almond Milk Market by Distribution Channel
11.2.7.3 Italy Almond Milk Market
11.2.7.3.1 Italy Almond Milk Market by Category
11.2.7.3.2 Italy Almond Milk Market by Type
11.2.7.3.3 Italy Almond Milk Market by Packaging Type
11.2.7.3.4 Italy Almond Milk Market by Distribution Channel
11.2.7.4 United Kingdom Almond Milk Market
11.2.7.4.1 United Kingdom Almond Milk Market by Category
11.2.7.4.2 United Kingdom Almond Milk Market by Type
11.2.7.4.3 United Kingdom Almond Milk Market by Packaging Type
11.2.7.4.4 United Kingdom Almond Milk Market by Distribution Channel
11.2.7.5 Russia Almond Milk Market
11.2.7.5.1 Russia Almond Milk Market by Category
11.2.7.5.2 Russia Almond Milk Market by Type
11.2.7.5.3 Russia Almond Milk Market by Packaging Type
11.2.7.5.4 Russia Almond Milk Market by Distribution Channel
11.2.7.6 Rest of Europe Almond Milk Market
11.2.7.6.1 Rest of Europe Almond Milk Market by Category
11.2.7.6.2 Rest of Europe Almond Milk Market by Type
11.2.7.6.3 Rest of Europe Almond Milk Market by Packaging Type
11.2.7.6.4 Rest of Europe Almond Milk Market by Distribution Channel
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Almond Milk Market Overview
11.3.2 Asia-Pacific Almond Milk Market Forecasts and Analysis
11.3.3 Asia-Pacific Almond Milk Market Forecasts and Analysis - By Category
11.3.4 Asia-Pacific Almond Milk Market Forecasts and Analysis - By Type
11.3.5 Asia-Pacific Almond Milk Market Forecasts and Analysis - By Packaging Type
11.3.6 Asia-Pacific Almond Milk Market Forecasts and Analysis - By Distribution Channel
11.3.7 Asia-Pacific Almond Milk Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Almond Milk Market
11.3.7.1.1 Australia Almond Milk Market by Category
11.3.7.1.2 Australia Almond Milk Market by Type
11.3.7.1.3 Australia Almond Milk Market by Packaging Type
11.3.7.1.4 Australia Almond Milk Market by Distribution Channel
11.3.7.2 China Almond Milk Market
11.3.7.2.1 China Almond Milk Market by Category
11.3.7.2.2 China Almond Milk Market by Type
11.3.7.2.3 China Almond Milk Market by Packaging Type
11.3.7.2.4 China Almond Milk Market by Distribution Channel
11.3.7.3 India Almond Milk Market
11.3.7.3.1 India Almond Milk Market by Category
11.3.7.3.2 India Almond Milk Market by Type
11.3.7.3.3 India Almond Milk Market by Packaging Type
11.3.7.3.4 India Almond Milk Market by Distribution Channel
11.3.7.4 Japan Almond Milk Market
11.3.7.4.1 Japan Almond Milk Market by Category
11.3.7.4.2 Japan Almond Milk Market by Type
11.3.7.4.3 Japan Almond Milk Market by Packaging Type
11.3.7.4.4 Japan Almond Milk Market by Distribution Channel
11.3.7.5 South Korea Almond Milk Market
11.3.7.5.1 South Korea Almond Milk Market by Category
11.3.7.5.2 South Korea Almond Milk Market by Type
11.3.7.5.3 South Korea Almond Milk Market by Packaging Type
11.3.7.5.4 South Korea Almond Milk Market by Distribution Channel
11.3.7.6 Rest of Asia-Pacific Almond Milk Market
11.3.7.6.1 Rest of Asia-Pacific Almond Milk Market by Category
11.3.7.6.2 Rest of Asia-Pacific Almond Milk Market by Type
11.3.7.6.3 Rest of Asia-Pacific Almond Milk Market by Packaging Type
11.3.7.6.4 Rest of Asia-Pacific Almond Milk Market by Distribution Channel
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Almond Milk Market Overview
11.4.2 Middle East and Africa Almond Milk Market Forecasts and Analysis
11.4.3 Middle East and Africa Almond Milk Market Forecasts and Analysis - By Category
11.4.4 Middle East and Africa Almond Milk Market Forecasts and Analysis - By Type
11.4.5 Middle East and Africa Almond Milk Market Forecasts and Analysis - By Packaging Type
11.4.6 Middle East and Africa Almond Milk Market Forecasts and Analysis - By Distribution Channel
11.4.7 Middle East and Africa Almond Milk Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Almond Milk Market
11.4.7.1.1 South Africa Almond Milk Market by Category
11.4.7.1.2 South Africa Almond Milk Market by Type
11.4.7.1.3 South Africa Almond Milk Market by Packaging Type
11.4.7.1.4 South Africa Almond Milk Market by Distribution Channel
11.4.7.2 Saudi Arabia Almond Milk Market
11.4.7.2.1 Saudi Arabia Almond Milk Market by Category
11.4.7.2.2 Saudi Arabia Almond Milk Market by Type
11.4.7.2.3 Saudi Arabia Almond Milk Market by Packaging Type
11.4.7.2.4 Saudi Arabia Almond Milk Market by Distribution Channel
11.4.7.3 U.A.E Almond Milk Market
11.4.7.3.1 U.A.E Almond Milk Market by Category
11.4.7.3.2 U.A.E Almond Milk Market by Type
11.4.7.3.3 U.A.E Almond Milk Market by Packaging Type
11.4.7.3.4 U.A.E Almond Milk Market by Distribution Channel
11.4.7.4 Rest of Middle East and Africa Almond Milk Market
11.4.7.4.1 Rest of Middle East and Africa Almond Milk Market by Category
11.4.7.4.2 Rest of Middle East and Africa Almond Milk Market by Type
11.4.7.4.3 Rest of Middle East and Africa Almond Milk Market by Packaging Type
11.4.7.4.4 Rest of Middle East and Africa Almond Milk Market by Distribution Channel
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Almond Milk Market Overview
11.5.2 South and Central America Almond Milk Market Forecasts and Analysis
11.5.3 South and Central America Almond Milk Market Forecasts and Analysis - By Category
11.5.4 South and Central America Almond Milk Market Forecasts and Analysis - By Type
11.5.5 South and Central America Almond Milk Market Forecasts and Analysis - By Packaging Type
11.5.6 South and Central America Almond Milk Market Forecasts and Analysis - By Distribution Channel
11.5.7 South and Central America Almond Milk Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Almond Milk Market
11.5.7.1.1 Brazil Almond Milk Market by Category
11.5.7.1.2 Brazil Almond Milk Market by Type
11.5.7.1.3 Brazil Almond Milk Market by Packaging Type
11.5.7.1.4 Brazil Almond Milk Market by Distribution Channel
11.5.7.2 Argentina Almond Milk Market
11.5.7.2.1 Argentina Almond Milk Market by Category
11.5.7.2.2 Argentina Almond Milk Market by Type
11.5.7.2.3 Argentina Almond Milk Market by Packaging Type
11.5.7.2.4 Argentina Almond Milk Market by Distribution Channel
11.5.7.3 Rest of South and Central America Almond Milk Market
11.5.7.3.1 Rest of South and Central America Almond Milk Market by Category
11.5.7.3.2 Rest of South and Central America Almond Milk Market by Type
11.5.7.3.3 Rest of South and Central America Almond Milk Market by Packaging Type
11.5.7.3.4 Rest of South and Central America Almond Milk Market by Distribution Channel
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ALMOND MILK MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. ALMOND MILK MARKET, KEY COMPANY PROFILES
14.1. DAIYA FOODS INC.
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. HAIN CELESTIAL GROUP
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. PUREHARVEST
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. SUNOPTA INC.
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. WHITE WAVE FOODS
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. BLUE DIAMOND GROWERS
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. SANITARIUM
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. CALIFIA FARMS
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. TOFUTTI BRANDS INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. FINE JAPAN CO. LTD.
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
- Daiya Foods Inc.
- Hain Celestial Group
- Pureharvest
- Sunopta Inc.
- White Wave Foods
- Blue Diamond Growers
- Sanitarium
- Califia Farms
- Tofutti Brands Inc.
- Fine Japan Co. Ltd.
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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