Industrial Hemp Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Industrial Hemp Market covers analysis by Type (Hemp Seed, Hemp Seed Oil, CBD Hemp Oil, Hemp Fiber); Application (Food, Textiles, Beverages, Personal Care Products, Pharmaceuticals, Others); Source (Conventional, Organic) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00005898
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Industrial hemp is also known as hemp. Industrial hemp is the strain of the cannabis sativa plant species usually which is found in the northern hemisphere. Industrial hemp is cultivated for industrial (non-drug) use and consumer products. Industrial hemp is low in active tetrahydrocannabinol (THC) and high in fiber. Industrial hemp can be used to replace many potentially harmful products such as tree paper, plastics, petroleum-based products which do not decompose quickly. Industrial hemp is produced in various countries across the world. Major producers include Canada, France, and China.

MARKET DYNAMICS

Increasing legalization in the farming of industrial hemp across the globe is driving the demand for industrial hemp market. Furthermore, various functional properties of hemp seed and hemp seed oil are also projected to influence the industrial hemp market significantly. Moreover, increasing use of industrial hemp in different food applications is anticipated to have a robust impact in the industrial hemp market. The growing number of chronic diseases, in turn, are expected to generate untapped opportunity for the market participants.

MARKET SCOPE

The "Global Industrial Hemp Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of industrial hemp market with detailed market segmentation by type, application, source and geography. The global industrial hemp market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading industrial hemp market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global industrial hemp market is segmented on the basis of type, application and source. Based on type, the market is segmented into hemp seed, hemp seed oil, CBD hemp oil, and hemp fiber. On the basis of the application the market is segmented into food, textiles, beverages, personal care products, pharmaceuticals, and others. On the basis of the source the market is segmented into conventional and organic.


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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global industrial hemp market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial hemp market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting industrial hemp market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the industrial hemp market in these regions.

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 overview and forecast of the global industrial hemp market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The industrial hemp market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting industrial hemp market from both demand and supply side and further evaluates market dynamics effecting 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 & Central America after evaluating political, economic, social and technological factors effecting the industrial hemp market in these regions.

MARKET PLAYERS

The reports cover key developments in the industrial hemp 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 expansion of business and customer base of market players. The market payers from industrial hemp market are anticipated to lucrative growth opportunities in the future with the rising demand for industrial hemp in the global market. Below mentioned is the list of few companies engaged in the industrial hemp market.

The report also includes the profiles of key industrial hemp companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
  •  COLORADO HEMP WORKS
  •  Dun Agro
  •  Ecofibre Ltd
  •  GenCanna Global USA, Inc.
  •  Hemp Oil Canada
  •  Hemp Pol and
  •  Hemp, Inc.
  •  Hempco Food and Fiber Inc.
  •  HempFlax BV
  •  The Konoplex Group
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.
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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
1.3.1Industrial Hemp Market - By Type
1.3.2Industrial Hemp Market - By Application
1.3.3Industrial Hemp Market - By Source
1.3.4Industrial Hemp Market - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.INDUSTRIAL HEMP MARKET L and SCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS

5.INDUSTRIAL HEMP 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.INDUSTRIAL HEMP MARKET - GLOBAL MARKET ANALYSIS
6.1.INDUSTRIAL HEMP - GLOBAL MARKET OVERVIEW
6.2.INDUSTRIAL HEMP - GLOBAL MARKET and FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.INDUSTRIAL HEMP MARKET - REVENUE and FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS and ANALYSIS
7.3.HEMP SEED
7.3.1.Overview
7.3.2.Hemp Seed Market Forecast and Analysis
7.4.HEMP SEED OIL
7.4.1.Overview
7.4.2.Hemp Seed Oil Market Forecast and Analysis
7.5.CBD HEMP OIL
7.5.1.Overview
7.5.2.CBD Hemp Oil Market Forecast and Analysis
7.6.HEMP FIBER
7.6.1.Overview
7.6.2.Hemp Fiber Market Forecast and Analysis
8.INDUSTRIAL HEMP MARKET - REVENUE and FORECASTS TO 2028 - APPLICATION
8.1.OVERVIEW
8.2.APPLICATION MARKET FORECASTS and ANALYSIS
8.3.FOOD
8.3.1.Overview
8.3.2.Food Market Forecast and Analysis
8.4.TEXTILES
8.4.1.Overview
8.4.2.Textiles Market Forecast and Analysis
8.5.BEVERAGES
8.5.1.Overview
8.5.2.Beverages Market Forecast and Analysis
8.6.PERSONAL CARE PRODUCTS
8.6.1.Overview
8.6.2.Personal Care Products Market Forecast and Analysis
8.7.PHARMACEUTICALS
8.7.1.Overview
8.7.2.Pharmaceuticals Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.INDUSTRIAL HEMP MARKET - REVENUE and FORECASTS TO 2028 - SOURCE
9.1.OVERVIEW
9.2.SOURCE MARKET FORECASTS and ANALYSIS
9.3.CONVENTIONAL
9.3.1.Overview
9.3.2.Conventional Market Forecast and Analysis
9.4.ORGANIC
9.4.1.Overview
9.4.2.Organic Market Forecast and Analysis

10.INDUSTRIAL HEMP MARKET REVENUE and FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Industrial Hemp Market Overview
10.1.2North America Industrial Hemp Market Forecasts and Analysis
10.1.3North America Industrial Hemp Market Forecasts and Analysis - By Type
10.1.4North America Industrial Hemp Market Forecasts and Analysis - By Application
10.1.5North America Industrial Hemp Market Forecasts and Analysis - By Source
10.1.6North America Industrial Hemp Market Forecasts and Analysis - By Countries
10.1.6.1United States Industrial Hemp Market
10.1.6.1.1United States Industrial Hemp Market by Type
10.1.6.1.2United States Industrial Hemp Market by Application
10.1.6.1.3United States Industrial Hemp Market by Source
10.1.6.2Canada Industrial Hemp Market
10.1.6.2.1Canada Industrial Hemp Market by Type
10.1.6.2.2Canada Industrial Hemp Market by Application
10.1.6.2.3Canada Industrial Hemp Market by Source
10.1.6.3Mexico Industrial Hemp Market
10.1.6.3.1Mexico Industrial Hemp Market by Type
10.1.6.3.2Mexico Industrial Hemp Market by Application
10.1.6.3.3Mexico Industrial Hemp Market by Source
10.2.EUROPE
10.2.1Europe Industrial Hemp Market Overview
10.2.2Europe Industrial Hemp Market Forecasts and Analysis
10.2.3Europe Industrial Hemp Market Forecasts and Analysis - By Type
10.2.4Europe Industrial Hemp Market Forecasts and Analysis - By Application
10.2.5Europe Industrial Hemp Market Forecasts and Analysis - By Source
10.2.6Europe Industrial Hemp Market Forecasts and Analysis - By Countries
10.2.6.1Germany Industrial Hemp Market
10.2.6.1.1Germany Industrial Hemp Market by Type
10.2.6.1.2Germany Industrial Hemp Market by Application
10.2.6.1.3Germany Industrial Hemp Market by Source
10.2.6.2France Industrial Hemp Market
10.2.6.2.1France Industrial Hemp Market by Type
10.2.6.2.2France Industrial Hemp Market by Application
10.2.6.2.3France Industrial Hemp Market by Source
10.2.6.3Italy Industrial Hemp Market
10.2.6.3.1Italy Industrial Hemp Market by Type
10.2.6.3.2Italy Industrial Hemp Market by Application
10.2.6.3.3Italy Industrial Hemp Market by Source
10.2.6.4United Kingdom Industrial Hemp Market
10.2.6.4.1United Kingdom Industrial Hemp Market by Type
10.2.6.4.2United Kingdom Industrial Hemp Market by Application
10.2.6.4.3United Kingdom Industrial Hemp Market by Source
10.2.6.5Russia Industrial Hemp Market
10.2.6.5.1Russia Industrial Hemp Market by Type
10.2.6.5.2Russia Industrial Hemp Market by Application
10.2.6.5.3Russia Industrial Hemp Market by Source
10.2.6.6Rest of Europe Industrial Hemp Market
10.2.6.6.1Rest of Europe Industrial Hemp Market by Type
10.2.6.6.2Rest of Europe Industrial Hemp Market by Application
10.2.6.6.3Rest of Europe Industrial Hemp Market by Source
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Industrial Hemp Market Overview
10.3.2Asia-Pacific Industrial Hemp Market Forecasts and Analysis
10.3.3Asia-Pacific Industrial Hemp Market Forecasts and Analysis - By Type
10.3.4Asia-Pacific Industrial Hemp Market Forecasts and Analysis - By Application
10.3.5Asia-Pacific Industrial Hemp Market Forecasts and Analysis - By Source
10.3.6Asia-Pacific Industrial Hemp Market Forecasts and Analysis - By Countries
10.3.6.1Australia Industrial Hemp Market
10.3.6.1.1Australia Industrial Hemp Market by Type
10.3.6.1.2Australia Industrial Hemp Market by Application
10.3.6.1.3Australia Industrial Hemp Market by Source
10.3.6.2China Industrial Hemp Market
10.3.6.2.1China Industrial Hemp Market by Type
10.3.6.2.2China Industrial Hemp Market by Application
10.3.6.2.3China Industrial Hemp Market by Source
10.3.6.3India Industrial Hemp Market
10.3.6.3.1India Industrial Hemp Market by Type
10.3.6.3.2India Industrial Hemp Market by Application
10.3.6.3.3India Industrial Hemp Market by Source
10.3.6.4Japan Industrial Hemp Market
10.3.6.4.1Japan Industrial Hemp Market by Type
10.3.6.4.2Japan Industrial Hemp Market by Application
10.3.6.4.3Japan Industrial Hemp Market by Source
10.3.6.5South Korea Industrial Hemp Market
10.3.6.5.1South Korea Industrial Hemp Market by Type
10.3.6.5.2South Korea Industrial Hemp Market by Application
10.3.6.5.3South Korea Industrial Hemp Market by Source
10.3.6.6Rest of Asia-Pacific Industrial Hemp Market
10.3.6.6.1Rest of Asia-Pacific Industrial Hemp Market by Type
10.3.6.6.2Rest of Asia-Pacific Industrial Hemp Market by Application
10.3.6.6.3Rest of Asia-Pacific Industrial Hemp Market by Source
10.4.MIDDLE EAST and AFRICA
10.4.1Middle East and Africa Industrial Hemp Market Overview
10.4.2Middle East and Africa Industrial Hemp Market Forecasts and Analysis
10.4.3Middle East and Africa Industrial Hemp Market Forecasts and Analysis - By Type
10.4.4Middle East and Africa Industrial Hemp Market Forecasts and Analysis - By Application
10.4.5Middle East and Africa Industrial Hemp Market Forecasts and Analysis - By Source
10.4.6Middle East and Africa Industrial Hemp Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Industrial Hemp Market
10.4.6.1.1South Africa Industrial Hemp Market by Type
10.4.6.1.2South Africa Industrial Hemp Market by Application
10.4.6.1.3South Africa Industrial Hemp Market by Source
10.4.6.2Saudi Arabia Industrial Hemp Market
10.4.6.2.1Saudi Arabia Industrial Hemp Market by Type
10.4.6.2.2Saudi Arabia Industrial Hemp Market by Application
10.4.6.2.3Saudi Arabia Industrial Hemp Market by Source
10.4.6.3U.A.E Industrial Hemp Market
10.4.6.3.1U.A.E Industrial Hemp Market by Type
10.4.6.3.2U.A.E Industrial Hemp Market by Application
10.4.6.3.3U.A.E Industrial Hemp Market by Source
10.4.6.4Rest of Middle East and Africa Industrial Hemp Market
10.4.6.4.1Rest of Middle East and Africa Industrial Hemp Market by Type
10.4.6.4.2Rest of Middle East and Africa Industrial Hemp Market by Application
10.4.6.4.3Rest of Middle East and Africa Industrial Hemp Market by Source
10.5.SOUTH and CENTRAL AMERICA
10.5.1South and Central America Industrial Hemp Market Overview
10.5.2South and Central America Industrial Hemp Market Forecasts and Analysis
10.5.3South and Central America Industrial Hemp Market Forecasts and Analysis - By Type
10.5.4South and Central America Industrial Hemp Market Forecasts and Analysis - By Application
10.5.5South and Central America Industrial Hemp Market Forecasts and Analysis - By Source
10.5.6South and Central America Industrial Hemp Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Industrial Hemp Market
10.5.6.1.1Brazil Industrial Hemp Market by Type
10.5.6.1.2Brazil Industrial Hemp Market by Application
10.5.6.1.3Brazil Industrial Hemp Market by Source
10.5.6.2Argentina Industrial Hemp Market
10.5.6.2.1Argentina Industrial Hemp Market by Type
10.5.6.2.2Argentina Industrial Hemp Market by Application
10.5.6.2.3Argentina Industrial Hemp Market by Source
10.5.6.3Rest of South and Central America Industrial Hemp Market
10.5.6.3.1Rest of South and Central America Industrial Hemp Market by Type
10.5.6.3.2Rest of South and Central America Industrial Hemp Market by Application
10.5.6.3.3Rest of South and Central America Industrial Hemp Market by Source

11.INDUSTRY L and SCAPE
11.1.MERGERS and ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS and JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS and OTHER STRATEGIC DEVELOPMENTS

12.INDUSTRIAL HEMP MARKET, KEY COMPANY PROFILES
12.1.COLORADO HEMP WORKS
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
12.1.6.Key Developments
12.2.DUN AGRO
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
12.2.6.Key Developments
12.3.ECOFIBRE LTD
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.GENCANNA GLOBAL USA, INC.
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
12.4.6.Key Developments
12.5.HEMP OIL CANADA
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.HEMP POL and
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.HEMP, INC.
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.HEMPCO FOOD and FIBER INC.
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.HEMPFLAX BV
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.THE KONOPLEX GROUP
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments

13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies

1. COLORADO HEMP WORKS2. Dun Agro3. Ecofibre Ltd4. GenCanna Global USA, Inc. 5. Hemp Oil Canada6. Hemp Pol and 7. Hemp, Inc. 8. Hempco Food and Fiber Inc. 9. HempFlax BV10. The Konoplex Group

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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