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

Coverage: Tapioca pearls Market covers analysis by Size (Small (<5mm), Medium (5-8mm), Large (>8mm).); End Use (Desserts, Household/ Retail, Beverages, Confectionery, Others.); Distribution Channel (Hypermarkets/ Supermarkets, Grocery Stores, Specialty Stores, Others.) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00012711
  • Category : Food and Beverages
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Tapioca pearls are starchy food that has a texture of gummy-like spheres made from the starch of the cassava root. It gets its name from its shape, and the cassava starch is formed into spheres ranging from about 1 to 8 millimeters in diameter. Tapioca pearls are the most common form of tapioca products worldwide, though the starch may also be formed into powder, flakes, or sticks. Pearl tapioca is also called boba and is a popular ingredient in Asian desserts. Nowadays, very small tapioca pearls are also available in the market, which can be used just by soaking them in hot water. It can be quickly used in desserts, that why people prefer it.

MARKET DYNAMICS

The increasing demand for tapioca pearl due to the bubble tea concept is gaining traction. This was originated in Taiwan, but in recent years the bubble- tea has become a part of their social life, and hence it has increased the demand for tapioca pearls. Previously the tapioca pearls required for the bubble tea were imported from Taiwan, but now many companies are also producing it to cut down on cost. Some of the major reasons for increasing demands of tapioca pearls are that they are gluten-free, may help in digestion, aid with the production of red blood cells, and it contains low sodium. In North America and European regions, the high demand for a bubble tea is observed. As a binder and ingredient stabilizer, it can be added to ground products such as chicken nuggets, burger patties, etc.

MARKET SCOPE

The "Global Tapioca Pearls 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 tapioca pearls market with detailed market segmentation by size, end use, distribution channel and geography. The global tapioca pearls market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading tapioca pearls market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global tapioca pearls market is segmented on the basis of size, end use, and distribution channel On the basis of size the global tapioca pearls market is segmented into small(8mm). By end use the tapioca pearls market is classified into desserts, household/retail, beverages, confectionery and others. Based on distribution channel the global tapioca pearls market is segmented into hypermarkets/ supermarkets, grocery stores, specialty store and others

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 tapioca pearls market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tapioca pearlsmarket 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 tapioca pearls 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 tapioca pearlsmarket in these regions.

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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 tapioca pearls market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The tapioca pearlsmarket 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 tapioca pearls 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 tapioca pearlsmarket in these regions.

MARKET PLAYERS

The reports cover key developments in the tapioca pearls 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 tapioca pearls market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the tapioca pearls market.

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


    - US Boba Company
  •   American Key Food Products
  •   Universal Thai International Enterprise Co. Ltd.
  •   Thai Wah Public Company Limited
  •   Andes Foods Ltd.
  •   Sunnysyrup Food
  •   TING JEAN FOODS
  •   Vernica Herbs
  •   Venus Starch
  •   Grain Milers


The Insight Partner 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
1.3.1Tapioca Pearls - By Size
1.3.2Tapioca Pearls - By End Use
1.3.3Tapioca Pearls - By Distribution Channel
1.3.4Tapioca Pearls - By Region
1.3.4.1By Country

2.KEY TAKEAWAYS

3.RESEARCH METHODOLOGY

4.TAPIOCA PEARLS LANDSCAPE
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.TAPIOCA PEARLS - 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.TAPIOCA PEARLS - GLOBAL MARKET ANALYSIS
6.1.TAPIOCA PEARLS - GLOBAL MARKET OVERVIEW
6.2.TAPIOCA PEARLS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE

7.TAPIOCA PEARLS - REVENUE AND FORECASTS TO 2028 " SIZE
7.1.OVERVIEW
7.2.SIZE MARKET FORECASTS AND ANALYSIS
7.3.SMALL (8mm). Market Forecast and Analysis
8.TAPIOCA PEARLS - REVENUE AND FORECASTS TO 2028 " END USE
8.1.OVERVIEW
8.2.END USE MARKET FORECASTS AND ANALYSIS
8.3.DESSERTS
8.3.1.Overview
8.3.2.Desserts Market Forecast and Analysis
8.4.HOUSEHOLD/ RETAIL
8.4.1.Overview
8.4.2.Household/ Retail Market Forecast and Analysis
8.5.BEVERAGES
8.5.1.Overview
8.5.2.Beverages Market Forecast and Analysis
8.6.CONFECTIONERY
8.6.1.Overview
8.6.2.Confectionery Market Forecast and Analysis
8.7.OTHERS.
8.7.1.Overview
8.7.2.Others. Market Forecast and Analysis
9.TAPIOCA PEARLS - REVENUE AND FORECASTS TO 2028 " DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.HYPERMARKETS/ SUPERMARKETS
9.3.1.Overview
9.3.2.Hypermarkets/ Supermarkets Market Forecast and Analysis
9.4.GROCERY STORES
9.4.1.Overview
9.4.2.Grocery Stores Market Forecast and Analysis
9.5.SPECIALTY STORES
9.5.1.Overview
9.5.2.Specialty Stores Market Forecast and Analysis
9.6.OTHERS.
9.6.1.Overview
9.6.2.Others. Market Forecast and Analysis

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

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.TAPIOCA PEARLS, KEY COMPANY PROFILES
12.1.US BOBA COMPANY
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.AMERICAN KEY FOOD PRODUCTS
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.UNIVERSAL THAI INTERNATIONAL ENTERPRISE CO. 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.THAI WAH PUBLIC COMPANY LIMITED
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.ANDES FOODS LTD.
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.SUNNYSYRUP FOOD
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.TING JEAN FOODS
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.VERNICA HERBS
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.VENUS STARCH
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.GRAIN MILERS
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. US Boba Company
2. American Key Food Products
3. Universal Thai International Enterprise Co. Ltd.
4. Thai Wah Public Company Limited
5. Andes Foods Ltd.
6. Sunnysyrup Food
7. TING JEAN FOODS
8. Vernica Herbs
9. Venus Starch
10. Grain Milers

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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