The Asia Pacific date sugar market is accounted to US$ 428.9 Mn in 2018 and is expected to grow at a CAGR of 4.5% during the forecast period 2019 – 2027, to account to US$ 635.5 Mn by 2027.
Date sugar is a sort of sugar most commonly found in natural food stores since it is less processed than regular sugars. It is produced using dried dates and adds a rich sweetness to recipes. It is available in various forms such as granules and crystal, powdered, syrup or liquid. The growing demand of these forms in various products such as bakery, confectionery, processed snacks and sauces is expected to drive the market growth, Also, the high demand for low GI foods among the diabetic and normal consumer is expected to provide lucrative opportunities for market players.
Increasing consumption of bakery products like cakes and pastries, biscuits, breads, and breakfast goods and ready-to-eat foods across the globe owing to hectic lifestyle is expected to fuel the bakery products demand over the forecast years. Various factors affecting the bakery industry growth are flavors and fat content along with texture and sweetness. Date sugar is used in bakery product to enhance the taste and texture. High demand for functional baked products, such as gluten-free, high-fiber, and trans fat products, is expected to drive the demand for date sugar in bakery segment.
Asia Pacific Date Sugar Market
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Market Insights
Growing demand from processed snacks and cereals manufacturers to favor the Asia Pacific date sugar market
Change in eating habits of consumers has been one of the major factors increasing the demand for processed snacks and cereals. Processed snacks include confectionery items, snacks, cereals, bakery items, dairy, and others sweet. Convenience, long-shelf-life, and wide availability of different products is driving the demand for these products. However, these snacks contain high calories, sodium, sugar, fats, and other processed ingredients that affect the health of the consumer. Consuming lots of these foods has long been linked to an increased risk of a wide variety of health problems that can lead to heart diseases such as obesity, high blood pressure, elevated cholesterol, cancer, and depression. Thus, the growing health concerns arising due to the consumption of such snacks have shifted consumer’s preference towards healthy snacks. They are continuously opting for healthier ingredients such as snacks high in fiber, protein, and less sugar content. To fulfill consumer demand, manufacturers are focusing on ingredients that will help to meet these requirements without affecting the taste of the final product. Date sugar is one of the key elements that manufacturers are opting to add to their products. The numerous health benefits associated with it and its ability to easily blend with other ingredients make it a superior choice for processed snacks and cereals, which in turn boosts the demand of date sugar in the Asia Pacific region.
Form Insights
The Asia Pacific date sugar market is segmented on the basis of form is segmented into granules and crystal, powdered, syrup or liquid. Powdered segment led the Asia Pacific date sugar market. Date sugar is utilized in different applications such as bakery, confectionery, snacks, dressings and condiments, sauces and spreads by industries or by households. However, depending upon the application the suitable form is used. For instance, date sugar granules and crystals are widely used for bakery & confectionery Granulated date sugar is a rich source of carbohydrates which soluble in nature. It is sometime referred as industrial sugar. Granulated date sugar is used in the food & beverage industry, bakery and confectionery, it is a primary ingredient in the food & beverage industry. Powdered date sugar is a fine powder of date sugar which is more soluble in nature as compared to granulated sugar. However, it is also used in bakery and confectionery but majorly they are used in dressings and condiments, sauces and spreads. Increasing consumption of confectionery and bakery food products is the key factor propelling the growth of powdered date sugar. Date sugar syrup is gaining popularity owing to its long shelf life. Moreover, it offers a better alternative to the conventional granular or powdered date sugar. Nontoxicity, anti-crystal, anti-freezing humectant, and preservative properties are driving the demand for date sugar syrup. The use of sugar syrups in breakfast foods, especially as toppings is increasing due to the rapidly growing consumer demand.
End Use Insights
The Asia Pacific date sugar market is segmented on the basis of end use, into bakery, confectionery, dressings and condiments, sauces and spreads. Bakery segment led the date sugsr msrket. Date sugar is used in various bakery and confectionery products such as cakes, pastries and cookies, biscuits, candies, etc. Bakery products like cakes and pastries, biscuits, breads, and breakfast goods are considered under bakery segment for date sugar. Increasing consumption of these ready-to-eat foods across the globe owing to hectic lifestyle is expected to fuel the bakery products demand over the forecast years. Various factors affecting the bakery industry growth are flavors and fat content along with texture and sweetness. Date confectionery includes sweets, candies, chocolates and other sugar confectioneries made from date sugar. The growth and demand of the confectionery industry is optimistic. However, the majority of market growth is driven by rapidly evolving consumer preferences. Greater demand for indulgence foods and increasing health consciousness among consumers are some of the key factors that are influencing the market growth of date confectionery. Date sugar syrup and powder is used for dressings and in condiments. The use of syrups on breakfast foods, especially as toppings is increasing due to the rapidly growing consumer demand. Customers are moving towards common and natural nourishment items, which are more delicious, more advantageous, and progressively nutritious. Date sugar syrups are specially used in sauces in spreads. These sauces and spreads are specially used in breakfast goods such as sandwiches and desserts. They are also widely used among food service industry.
Origin Insights
The Asia Pacific date sugar market is segmented on the basis of origin is segmented into conventional and organic. Conventional segment led the Asia Pacific date sugar market. The organic date sugar is made from organically produced dates. Organic dates are free from any kind of artificial or synthetic fertilizers and they are grown by traditional methods. Whereas in the conventional type, several chemical elements are added to increase the productivity. Conventional date sugar is made from dried conventionally grown dates. Conventional farming is one of the most practiced farming methods which involve use of fertilizers, pesticides and other chemical compounds to cultivate the crop. The conventional form of farming technique is widely adopted among the farmers in order to obtain higher yield and availability of product at low cost. Organic date sugar is obtained from organically grown dates and in some countries such as USA, the food regulating authorities in this case FDA has defined organic food as the food which is free from artificial preservatives, colors, or flavors and requires that their ingredients are organic, with some minor exceptions. Organic farming is the technique which involves the cultivation of date sugar without the use of artificial fertilizers, pesticides, or growth regulators on the agricultural land.
Sales Channel Insights
The Asia Pacific date sugar market is segmented on the basis of sales channel is segmented into supermarkets and hypermarkets, specialty stores, traditional grocery stores, and online stores. Supermarkets and hypermarkets led the Asia Pacific date sugar market. Supermarkets offers a broad range of products from different brands at one place with discounted prices compared to other sales channels. Specialty stores may sell any particular product type, and these have a wide variety within a narrow line of products. Traditional grocery stores are limited to a small area compared to hypermarkets and supermarkets, but are meant for their rapid service and long working hours. The online sales channel is also gaining popularity owing to the growing digitization. Hypermarkets and supermarkets are self-service shops that offer a different variety of processed snacks which includes confectionery items, snacks, cereals, bakery items, dairy, and others sweet. They also provide wide variety of sweeteners such as brown sugar, coconut sugar, maple syrup, date sugar syrup or granulated sugar and other sweeteners that can be used in household applications. Specialty stores are the retail stores which are focused on offering specific product categories. Specialty Stores for processed and convenience food are primarily engaged in selling products such as confectionery items, snacks, cereals, bakery items, dairy, nutritional bars and others sweet. Traditional grocery stores are restricted to limited area and are small in size compared to hypermarkets & supermarkets. The main difference between a grocery stores and a hypermarket or a supermarket is that the grocery stores are open till late at night, which proves to be an added bonus for the sales of a product. The online portals like Amazon, Nature’s Basket, Bakewala.com etc. have been beneficial in the growth and expansion of the date sugar market. Increased use of mobile phones, computers, and laptops, has helped in the growth of digital channels, with respect to strength and volume.
Asia Pacific Date Sugar Market, By SEGMENTATION
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ASIA PACIFIC DATE SUGAR MARKET SEGMENTATION
Date Sugar Market, by Form
- Granules and Crystal
- Powdered
- Syrup / Liquid
Date Sugar Market, by End Use
- Bakery
- Confectionery
- Dressings and Condiments
- Sauces and Spreads
- Liquid
Date Sugar Market, by Origin
- Conventional
- Organic
Date Sugar Market, by Sales Channel
- Hypermarket /Supermarkets
- Specialty Stores
- Traditional Grocery Stores
- Online Retail
Company Profiles
- NOW Foods
- Ario Co.
- Hain Daniels Group
- MGT Dried Fruit
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, End Use, Origin, Sales Channel, and Country.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Date Sugar Market – By Form
1.3.2 Asia Pacific Date Sugar Market – By End Use
1.3.3 Asia Pacific Date Sugar Market – By Origin
1.3.4 Asia Pacific Date Sugar Market – By Sales Channel
1.3.5 Asia Pacific Date Sugar Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Date Sugar Market Landscape
4.1 Market Overview
4.1.1 Asia Pacific PEST Analysis
5. Asia Pacific Date Sugar Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 High demand for low glycemic index (GI) food
5.1.2 Growing demand from processed snacks and cereals manufacturers
5.2 Market Restraints
5.2.1 Wide availability of cost-effective yet potent alternative sweeteners
5.3 Market Opportunities
5.3.1 Sugar alternative in health and nutritional bars
5.4 Future Trends
5.4.1 Increasing demand for organic date sugar in food & beverage industry
5.5 Impact Analysis
6. Date Sugar– Asia Pacific Market Analysis
6.1 Asia PacificDate Sugar MarketOverview
6.2 Asia PacificDate Sugar Market Forecast and Analysis
7. Asia PacificDate Sugar Market Analysis – By Form
7.1 Overview
7.2 Granules and Crystal (Granulated)
7.2.1 Overview
7.2.2 Asia Pacific Granules and Crystal: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
7.3 Powdered
7.3.1 Overview
7.3.2 Asia Pacific Powdered: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
7.4 Syrup/Liquid
7.4.1 Overview
7.4.2 Asia Pacific Syrup/Liquid: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
8. Asia Pacific Date Sugar Market Analysis – By End Use
8.1 Overview
8.2 Asia Pacific Date Sugar Market Breakdown, By End Use (2018 and 2027)
8.3 Bakery
8.3.1 Overview
8.3.2 Asia Pacific Bakery: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
8.4 Confectionery
8.4.1 Overview
8.4.2 Asia Pacific Confectionery: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
8.5 Dressings and Condiments
8.5.1 Overview
8.5.2 Asia Pacific Dressings and Condiments: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
8.6 Sauces and Spreads
8.6.1 Overview
8.6.2 Asia Pacific Sauces and Spreads: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
9. Date Sugar Market Analysis – By Origin
9.1 Overview
9.2 Asia Pacific Date Sugar Market Breakdown, By Origin (2018 and 2027)
9.3 Conventional
9.3.1 Overview
9.3.2 Asia Pacific Conventional: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
9.4 Organic
9.4.1 Overview
9.4.2 Asia Pacific Organic: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
10. Date Sugar Market Analysis – By Sales Channel
10.1 Overview
10.2 Asia Pacific Date Sugar Market Breakdown, By Sales Channel (2018 and 2027)
10.3 Hypermarkets and Supermarkets
10.3.1 Overview
10.3.2 Asia Pacific Hypermarkets and Supermarkets: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
10.4 Specialty Stores
10.4.1 Overview
10.4.2 Asia Pacific Specialty Stores: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
10.5 Traditional Grocery Stores
10.5.1 Overview
10.5.2 Asia Pacific Traditional Grocery Stores: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
10.6 Online Retail
10.6.1 Overview
10.6.2 Asia Pacific Online Retail: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
10.7
11. Asia Pacific Date Sugar Market – Country Analysis
11.1 Overview
11.1.1 Asia PacificDate Sugar Market Revenue and Forecast to 2027 (US$ Mn)
11.1.2 Asia PacificDate Sugar Market Breakdown, by Key Countries
11.1.2.1 Australia: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.1.1 Australia: Date Sugar Market, by From
11.1.2.1.2 Australia: Date Sugar Market, by End Use
11.1.2.1.3 Australia: Date Sugar Market, by Origin
11.1.2.1.4 Australia: Date Sugar Market, by Sales Channel
11.1.2.2 China: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.2.1 China: Date Sugar Market, by From
11.1.2.2.2 China: Date Sugar Market, by End Use
11.1.2.2.3 China: Date Sugar Market, by Origin
11.1.2.2.4 China: Date Sugar Market, by Sales Channel
11.1.2.3 India: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.3.1 India: Date Sugar Market, by From
11.1.2.3.2 India: Date Sugar Market, by End Use
11.1.2.3.3 India: Date Sugar Market, by Origin
11.1.2.3.4 India: Date Sugar Market, by Sales Channel
11.1.2.4 Japan: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.4.1 Japan: Date Sugar Market, by From
11.1.2.4.2 Japan: Date Sugar Market, by End Use
11.1.2.4.3 Japan: Date Sugar Market, by Origin
11.1.2.4.4 Japan: Date Sugar Market, by Sales Channel
11.1.2.5 South Korea: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.5.1 South Korea: Date Sugar Market, by From
11.1.2.5.2 South Korea: Date Sugar Market, by End Use
11.1.2.5.3 South Korea: Date Sugar Market, by Origin
11.1.2.5.4 South Korea: Date Sugar Market, by Sales Channel
11.1.2.6 Indonesia: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.6.1 Indonesia: Date Sugar Market, by From
11.1.2.6.2 Indonesia: Date Sugar Market, by End Use
11.1.2.6.3 Indonesia: Date Sugar Market, by Origin
11.1.2.6.4 Indonesia: Date Sugar Market, by Sales Channel
11.1.2.7 Rest of Asia-Pacific: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
11.1.2.7.1 Rest of Asia-Pacific: Date Sugar Market, by From
11.1.2.7.2 Rest of Asia-Pacific: Date Sugar Market, by End Use
11.1.2.7.3 Rest of Asia-Pacific: Date Sugar Market, by Origin
11.1.2.7.4 Rest of Asia-Pacific: Date Sugar Market, by Sales Channel
12. Company Profiles
12.1 NOW Foods
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Ario Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Hain Daniels Group
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 MGT Dried Fruit
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
13. Appendix
13.1 About the Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. Asia PacificDate Sugar Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Asia PacificDate Sugar Market Revenue and Forecasts to 2027 – By Products (US$ Mn)
Table 3. Australia: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 4. Australia: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 5. Australia: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 6. Australia: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 7. China: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 8. China: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 9. China: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 10. China: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 11. India: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 12. India: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 13. India: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 14. India: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 15. Japan: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 16. Japan: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 17. Japan: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 18. Japan: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 19. South Korea: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 20. South Korea: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 21. South Korea: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 22. South Korea: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 23. Indonesia: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 24. Indonesia: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 25. Indonesia: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 26. Indonesia: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 27. Rest of Asia-Pacific: Date Sugar Market, by From –Revenue and Forecast to 2027 (US$ Million)
Table 28. Rest of Asia-Pacific: Date Sugar Market, by End Use –Revenue and Forecast to 2027 (US$ Million)
Table 29. Rest of Asia-Pacific: Date Sugar Market, by Origin –Revenue and Forecast to 2027 (US$ Million)
Table 30. Rest of Asia-Pacific: Date Sugar Market, by Sales Channel –Revenue and Forecast to 2027 (US$ Million)
Table 31. Glossary of Terms,Asia PacificDate Sugar Market
LIST OF FIGURES
Figure 1. Asia Pacific Date Sugar Market Segmentations
Figure 2. Asia Pacific Date Sugar Market Segmentation – By Country
Figure 3. Asia Pacific Date Sugar Market Overview
Figure 4.
Figure 5. Powdered Held Largest Share In The Asia Pacific Date Sugar Market By Form
Figure 6. Australia Dominated The Asia Pacific Date Sugar Market In 2018
Figure 7. Asia Pacific – Pest Analysis
Figure 8. Asia Pacific Date Sugar Market Impact Analysis of Driver and Restraints
Figure 9. Asia PacificDate Sugar Market Forecast and Analysis, (US$ Mn)
Figure 10. Asia PacificDate Sugar Market Breakdown by Products, 2018 & 2027 (%)
Figure 11. Asia Pacific Granules and Crystal: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 12. Asia Pacific Powdered: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 13. Asia Pacific Syrup/Liquid: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 14. Asia Pacific Date Sugar Market Breakdown, By End Use (2018 and 2027)
Figure 15. Asia Pacific Bakery: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 16. Asia Pacific Confectionery: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 17. Asia Pacific Dressings and Condiments: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 18. Asia Pacific Sauces and Spreads: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 19. Asia Pacific Date Sugar Market Breakdown, By Origin (2018 and 2027)
Figure 20. Asia Pacific Conventional: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 21. Asia Pacific Organic: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 22. Asia Pacific Date Sugar Market Breakdown, By Sales Channel (2018 and 2027)
Figure 23. Asia Pacific Hypermarkets and Supermarkets: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 24. Asia Pacific Specialty Stores: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 25. Asia Pacific Traditional Grocery Stores: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 26. Asia Pacific Online Retail: Date Sugar Market - Revenue and Forecast, to 2027 (US$ Million)
Figure 27. Asia PacificDate Sugar Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 28. Asia PacificDate Sugar Market Breakdown by Key Countries, 2018 & 2027(%)
Figure 29. Australia: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. China: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. India: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Japan: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 33. South Korea: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 34. Indonesia: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 35. Rest of Asia-Pacific: Date Sugar Market – Revenue, and Forecast to 2027 (US$ Million)
The List of Companies - Asia Pacific Date Sugar Market
- NOW Foods
- Ario Co.
- Hain Daniels Group
- MGT Dried Fruit
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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Mar 2020
Edible Oils and Fats Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type [Oil (Soybean Oil, Sunflower Oil, Palm Oil, Canola Oil/Rapeseed Oil, and Others) and Fats (Butter, Margarine, Palm Oil Based Shortening, and Vegetable Oil Based Shortening, and Others)] and Application [Food and Beverages (Bakery and Confectionery, Dairy and Frozen Desserts, RTE and RTC Meals, Snacks, and Others), Animal Nutrition, and Pharmaceuticals and Nutraceuticals]
Mar 2020
Flavor Masking Agents for Food and Beverages Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Sweet, Salt, Fat, Bitter, and Others) and Application (Bakery and Confectionery; Dairy and Frozen Desserts; Beverages; Meat, Poultry, and Seafood; Meat Substitutes; Dairy Alternatives; RTE and RTC Meals; and Others)
Mar 2020
Chicken Powder Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Type (Low-Fat and Conventional) and Application [Food & Beverages (RTE and RTC Meals; Soups, Sauces, and Dressings; Savory Snacks; Noodles and Pastas; and Others), Dietary Supplements, Pet Food, and Animal Feed]