Animal Feed Micronutrients Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Animal Feed Micronutrients Market covers analysis By Type (Boron, Iron, Zinc, Manganese, Copper, Others.); Livestock (Ruminant, Poultry, Swine, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00016576
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Animal feed micronutrients are nutrients essential for body in trace amount for the sufficient development of an organism. These nutrients are very essential as many bodily functions are dependent on the availability of the micronutrients. They are used as animal feed additive and for improving the feed quality in order to improve overall health of livestock. Also, these micronutrients work in supporting complex function during production and in improving enzyme system operations. The market has witnessed notable growth due to capability of micronutrients to provide better health for animals which in turn increase the production for dairy and meat market.

MARKET SCOPE

The "Global Animal Feed Micronutrients 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 animal feed micronutrients market with detailed market segmentation by type, livestock, and geography. The report provides key statistics on the market status of the leading animal feed micronutrients market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on type, the global animal feed micronutrients market is segmented into boron, iron, zinc, manganese, copper, and others.
  •   Based on livestock, the global animal feed micronutrients market is segmented into ruminant, poultry, swine, and others.

MARKET DYNAMICS
Drivers:

  •   Increasing demand for animal feed products globally has led to rise the market growth as manufacturers are looking up to better quality yields which requires addition of micronutrients feeds.
  •   Rise in demand for dairy and meat products is boosting the market as micronutrient feed provides with better health to cattle which leads to good quality of meat and high milk production.

Restraints:

  •   Lack of awareness amongst farmers in least developed and developing countries is restraining the market growth as people are not aware regarding the benefits of micronutrients product.
  •   High cost of product acts as a barrier to market as farmers in developing economies cannot invest in high priced animal feed micronutrient products.

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 and Central America. The animal feed micronutrients 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 and Central America after evaluating political, economic, social and technological factors affecting the animal feed micronutrients market in these regions.

IMPACT OF COVID-19 ON ANIMAL FEED MICRONUTRIENTS 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.

World Geography

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MARKET PLAYERS


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 and Central America. The animal feed micronutrients 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 and Central America after evaluating political, economic, social and technological factors affecting the animal feed micronutrients market in these regions.

IMPACT OF COVID-19 ON ANIMAL FEED MICRONUTRIENTS 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.

MARKET PLAYERS

The report covers key developments in the animal feed micronutrients market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from animal feed micronutrients market are anticipated to lucrative growth opportunities in the future with the rising demand for animal feed micronutrients in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the animal feed micronutrients 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.

  •   BASF SE
  •   Novus International, Inc.
  •   Purina Animal Nutrition LLC.
  •   AG Solutions
  •   Beachport Corporation Pty Ltd
  •   Zinpro Corporation
  •   Bluestar Adisseo Company
  •   Prathista Industries Ltd
  •   Dallas Keith Limited
  •   Archer Daniels Midland Company
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.
  • Request discounts available for Start-Ups & Universities
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.

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 Animal Feed Micronutrients Market - By Type
1.3.2 Animal Feed Micronutrients Market - By Livestock
1.3.3 Animal Feed Micronutrients Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ANIMAL FEED MICRONUTRIENTS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS

5. ANIMAL FEED MICRONUTRIENTS 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. ANIMAL FEED MICRONUTRIENTS MARKET - GLOBAL MARKET ANALYSIS
6.1. ANIMAL FEED MICRONUTRIENTS - GLOBAL MARKET OVERVIEW
6.2. ANIMAL FEED MICRONUTRIENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ANIMAL FEED MICRONUTRIENTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. BORON
7.3.1. Overview
7.3.2. boron Market Forecast and Analysis
7.4. IRON
7.4.1. Overview
7.4.2. iron Market Forecast and Analysis
7.5. ZINC
7.5.1. Overview
7.5.2. zinc Market Forecast and Analysis
7.6. MANGANESE
7.6.1. Overview
7.6.2. manganese Market Forecast and Analysis
7.7. COPPER
7.7.1. Overview
7.7.2. copper Market Forecast and Analysis
7.8. OTHERS.
7.8.1. Overview
7.8.2. others. Market Forecast and Analysis
8. ANIMAL FEED MICRONUTRIENTS MARKET - REVENUE AND FORECASTS TO 2028 - LIVESTOCK
8.1. OVERVIEW
8.2. LIVESTOCK MARKET FORECASTS AND ANALYSIS
8.3. RUMINANT
8.3.1. Overview
8.3.2. ruminant Market Forecast and Analysis
8.4. POULTRY
8.4.1. Overview
8.4.2. poultry Market Forecast and Analysis
8.5. SWINE
8.5.1. Overview
8.5.2. swine Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. others Market Forecast and Analysis

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

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. ANIMAL FEED MICRONUTRIENTS MARKET, KEY 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. NOVUS INTERNATIONAL, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PURINA ANIMAL NUTRITION LLC.
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. AG SOLUTIONS
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. BEACHPORT CORPORATION PTY LTD
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. ZINPRO CORPORATION
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. BLUESTAR ADISSEO COMPANY
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. PRATHISTA INDUSTRIES LTD
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. DALLAS KEITH LIMITED
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. ARCHER DANIELS MIDLAND COMPANY
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. BASF SE
2. Novus International, Inc.
3. Purina Animal Nutrition LLC.
4. AG Solutions
5. Beachport Corporation Pty Ltd
6. Zinpro Corporation
7. Bluestar Adisseo Company
8. Prathista Industries Ltd
9. Dallas Keith Limited
10. Archer Daniels Midland Company

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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