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

Coverage: Pet CBD Market covers analysis By Source Type (Hemp, Marijuana); Indication (Bowel disorders, Sleep disorders, Cancer, Epilepsy, Others.); End-user (Veterinary Hospital Pharmacies, Pet shops, E-commerce websites) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00023217
  • Category : Pharmaceuticals
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

CBD is a cannabidiol that is a natural compound found in the plant named Cannabis sativa. The cannabis plant produces marijuana and hemp that are the two components having various therapeutic properties. For pets, hemp is utilized for medicinal purposes due to the presence of higher CBD and low amounts of toxic THC (Tetrahydrocannabinol) in it. Pet CBD treatment is provided to treat diseases like cancer, seizures, and anxiety. Cannabis oil is an alternative medication to treat such kind of symptoms in the pet CBD market. Per CBD oil improves sleep quality, sleep duration and treats inflammatory bowel disease in pets. The pet CBD is present in various forms such as topical, capsule & tincture form.

MARKET SCOPE

The "Global Pet CBD Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the pet CBD market with detailed market segmentation by source type, indication, end-user, and geography. The report provides key statistics on the market status of the leading pet CBD market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •  Based on source type, the global pet CBD market is segmented into hemp and marijuana.
  •  On the basis of indication, the market is segmented into bowel disorders, sleep disorders, cancer, epilepsy and others.
  •  On the basis of end-users, the market is bifurcated into veterinary hospital pharmacies, pet shops and e-commerce websites.

MARKET DYNAMICS
Drivers

  •   The growing dog adoption with rising demands for pet care as they also suffer from various ailments including digestive imbalance, arthritis, nausea, cancer, and seizures that drive the pet CBD market.
  •   The increasing prevalence of bowel and GIT-related problems in pets and increasing incidences of anxiety disorder in pets, especially dogs, boost the market growth.
  •   Growing demand for CBD derivatives for the veterinary treatment market and increasing demand for plant-based supplements, medicine, and food fuel the market growth.
  •   Increasing research funding, high awareness among pet owners, and large production of CBD oil cake and capsule for the pets propel the market growth.

Restraints

  •   Side effects such as dry mouth, drowsiness & low blood pressure after treatment.

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 pet CBD 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 pet CBD market in these regions.

IMPACT OF COVID-19 ON PET CBD 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. At the beginning of the pandemic, the pet CBD market experienced disruptions due to country-wise lockdown, trade and supply chain disruptions, business shutdown, and so on. However, sales increased as a result of the growing demand for CBD supplements to address issues such as anxiety, pain management, and inflammation in pets. As a result, the manufacturer increased production to meet the demand and found various innovative ways to offer these CBD products like oil tinctures, treats, and gels. Therefore, even though the pet care industry has faced disruptions, still the COVID-19 will contribute towards the increasing sales of pet CBD in the future.

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 America. The pet CBD 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 pet CBD market in these regions.

IMPACT OF COVID-19 ON PET CBD 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, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. At the beginning of the pandemic, the pet CBD market experienced disruptions due to country-wise lockdown, trade and supply chain disruptions, business shutdown, and so on. However, sales increased as a result of the growing demand for CBD supplements to address issues such as anxiety, pain management, and inflammation in pets. As a result, the manufacturer increased production to meet the demand and found various innovative ways to offer these CBD products like oil tinctures, treats, and gels. Therefore, even though the pet care industry has faced disruptions, still the COVID-19 will contribute towards the increasing sales of pet CBD in the future.

MARKET PLAYERS

The report covers key developments in the pet CBD 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 players from pet CBD market are anticipated to have lucrative growth opportunities in the future with the rising demand for pet CBD in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the pet CBD 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.

  •  Fomo Bones
  •  Canna-Pet
  •  Charlotte's Web
  •  Receptra Naturals
  •  Curaleaf
  •  Pure Spectrum
  •  Pet Releaf
  •  Diamond CBD, Inc.
  •  PotNetwork Holdings, Inc.
  •  Bluebird Botanicals

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 Pet CBD Market - By Source Type
1.3.2 Pet CBD Market - By Indication
1.3.3 Pet CBD Market - By End-user
1.3.4 Pet CBD Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. PET CBD 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. PET CBD 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. PET CBD MARKET - GLOBAL MARKET ANALYSIS
6.1. PET CBD - GLOBAL MARKET OVERVIEW
6.2. PET CBD - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE TYPE
7.1. OVERVIEW
7.2. SOURCE TYPE MARKET FORECASTS AND ANALYSIS
7.3. HEMP
7.3.1. Overview
7.3.2. Hemp Market Forecast and Analysis
7.4. MARIJUANA
7.4.1. Overview
7.4.2. Marijuana Market Forecast and Analysis
8. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - INDICATION
8.1. OVERVIEW
8.2. INDICATION MARKET FORECASTS AND ANALYSIS
8.3. BOWEL DISORDERS
8.3.1. Overview
8.3.2. Bowel disorders Market Forecast and Analysis
8.4. SLEEP DISORDERS
8.4.1. Overview
8.4.2. Sleep disorders Market Forecast and Analysis
8.5. CANCER
8.5.1. Overview
8.5.2. Cancer Market Forecast and Analysis
8.6. EPILEPSY
8.6.1. Overview
8.6.2. Epilepsy Market Forecast and Analysis
8.7. OTHERS.
8.7.1. Overview
8.7.2. others. Market Forecast and Analysis
9. PET CBD MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. VETERINARY HOSPITAL PHARMACIES
9.3.1. Overview
9.3.2. Veterinary Hospital Pharmacies Market Forecast and Analysis
9.4. PET SHOPS
9.4.1. Overview
9.4.2. Pet shops Market Forecast and Analysis
9.5. E-COMMERCE WEBSITES
9.5.1. Overview
9.5.2. E-commerce websites Market Forecast and Analysis

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

11. INDUSTRY LANDSCAPE
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. PET CBD MARKET, KEY COMPANY PROFILES
12.1. FOMO BONES
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. CANNA-PET
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. CHARLOTTE'S WEB
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. RECEPTRA NATURALS
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. CURALEAF
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. PURE SPECTRUM
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. PET RELEAF
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. DIAMOND CBD, 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. POTNETWORK HOLDINGS, INC.
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. BLUEBIRD BOTANICALS
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. Fomo Bones
2. Canna-Pet
3. Charlotte's Web
4. Receptra Naturals
5. Curaleaf
6. Pure Spectrum
7. Pet Releaf
8. Diamond CBD, Inc.
9. PotNetwork Holdings, Inc.
10. Bluebird Botanicals

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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