The Yogurt Powder Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Yogurt Powder Market covers analysis by Nature (Organic, Conventional); Product Type (Skimmed Yogurt Powder, Semi-Skimmed Yogurt Powder, Whole Yogurt Powder); Flavour (Regular, Flavoured); Application (Food and Beverage Industry, Cosmetics and Personal Care), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Yogurt powder, also known as dried yogurt, is a dairy product derived by removing water content from yogurt. Yogurt powder has nearly similar nutritional content as that of fresh yogurt. It is rich in vitamin B6, vitamin B12, calcium, vitamin D, protein, and riboflavin, among others.
Purpose of the ReportThe report Yogurt Powder Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Yogurt Powder Market Segmentation
Nature- Organic
- Conventional
- Skimmed Yogurt Powder
- Semi-Skimmed Yogurt Powder
- Whole Yogurt Powder
- Regular
- Flavoured
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Yogurt Powder Market Growth Drivers- Rising Demand for Convenient and Shelf-Stable Products: With the increasing demand for convenient and long-term food products, yogurt powder became one of the most profitable opportunities for consumers and businesses. Unlike fresh yogurt, it has a longer shelf life and does not require labor to be stored. Therefore, yogurt powder is very suitable for consumers who need an easy, portable option on the go. It is yet one of the important components in various ready-to-eat food products, like smoothies, meal replacement bars, health supplements, etc.
- Increasing Health Awareness and Demand for Nutrient-Dense Foods: Growing awareness about health and wellness among consumers has brought in the demand for nutrient-rich foods. Yogurt powder, which is rich in probiotics, protein, calcium, and vitamins, organically fits this trend for required nutrients. It is basically used in dietary supplements, functional foods, and beverages to improve gut health, digestion, and well-being. Such health-driven demand is the main driver behind the yogurt powder market.
- Growth of the Functional Foods and Beverages Industry: Functional foods and beverages are experiencing explosive growth across the world, and an increasingly large number of consumers are interested in products that bring nutritionally more than the usual product. Yogurt powder is gaining wide acceptance in producing numerous functional foods and beverages, including protein shakes, health drinks, and fortified snack bars, owing to its probiotic content enhancing nutritional value in such products. This industry development significantly augments the demand for yogurt powder.
- Flavored Yogurt Powders for Enhanced Consumer Appeal: Manufacturers are creating flavored yogurt powders to reach more markets and fulfill the varied tastes of consumers. Strawberry, vanilla, and blueberry flavors are most commonly applied in yogurt powder formulations. Flavored products are widely used for smoothies, shakes, and desserts because consumers want to enjoy varied taste experiences with the healthy benefits of yogurt powder.
- Plant-Based and Lactose-Free Yogurt Powders: A continuously high surge in popularity for plant-based diets and a lactose-intolerant consumer is increasing demand for plant-based and lactose-free yogurt powder. Manufacturers have developed non-dairy alternatives to yogurt powder, specifically from almond, coconut, soy, and oat milk, to accommodate consumers without exposure to animal products or experiencing difficulties digesting lactose products. This trend is opening up the market for yogurt powder, making it more inclusive for a variety of dietary preferences.
- Clean Label and Organic Yogurt Powders: Consumers increasingly want to know what's in their food, and this is driving an upward trend for clean-label and organic products. More and more of them are looking for fewer additives and preservatives and fewer artificial ingredients in their products. Yogurt powder manufacturers focus on organic, minimal-processed powders that have transparent labels of the origin of the product towards healthiness. Most yogurt powder manufacturers see these trends by health- and environment-conscious consumers as extremely powerful.
- Expansion in Emerging Markets: Emerging markets in the Asia-Pacific, Latin America, and the Middle East represent great growth opportunities for yogurt powder. Increasing disposable incomes and urbanization in these regions translate to an increased demand for convenient and healthy food products. Yogurt powder will meet this need as it provides a stable product on the shelf that is healthy and fits into consumers' fast-moving lifestyles, especially in ready-to-eat meals and functional beverages.
- Growth in the Sports Nutrition and Dietary Supplement Market: Yogurt powder is a high-protein and probiotic product that would be great for sports nutrition and dietary supplements. As the global demand for protein supplements and functional foods grows, the scope exists to develop yogurt powder-based products for athletes, fitness enthusiasts, and health-conscious consumers. Growth in this high-margin segment will be sparked by protein powders, meal replacement shakes, and pre-or post-workout supplements featuring yogurt powder.
- Innovation in Packaging and Product Formats: Companies can take further opportunities to innovate new product packaging and formats that can further expand the yogurt powder market. Some single-serve, travel-friendly packaging trends pop up to serve on-the-go consumers, making the powder more accessible for busy lifestyles. Also, if the yogurt powder is in capsular or ready-to-mix packet formats, it will most likely make usage easier and thus market appeal to a wider audience who want to have a product that helps them in health and wellness in an effortless way.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Yogurt Powder Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Yogurt Powder Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The growing demand for plant-based and sustainable products is an emerging trend in the yogurt powder market.
The growing number of health conscious consumers is a key driver in the yogurt powder market.
ACE International LLP, Almil AG, Ballantyne Foods Pty. Ltd, C.P. Ingredients Ltd, Epi Ingrédients, Glanbia Nutritionals, Kerry Inc, PreGel AMERICA, Inc., Prolactal GmbH, and Schwarzwaldmilch GmbH are some of the key players operating in the market.
The flavoured product type segment is expected to growt at a fastest CAGR during the forecast period.
Based on geography, North America held the largest share of the yogurt powder market due to increasing number of health conscious consumers in the region.
The Yogurt Powder Market is estimated to witness a CAGR of 7% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Yogurt Powder Market - By Nature
1.3.2 Yogurt Powder Market - By Product Type
1.3.3 Yogurt Powder Market - By Flavor
1.3.4 Yogurt Powder Market - By Application
1.3.5 Yogurt Powder Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. YOGURT POWDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. YOGURT POWDER 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. YOGURT POWDER MARKET - GLOBAL MARKET ANALYSIS
6.1. YOGURT POWDER - GLOBAL MARKET OVERVIEW
6.2. YOGURT POWDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. YOGURT POWDER MARKET - REVENUE AND FORECASTS TO 2028 - NATURE
7.1. OVERVIEW
7.2. NATURE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC
7.3.1. Overview
7.3.2. Organic Market Forecast and Analysis
7.4. CONVENTIONAL
7.4.1. Overview
7.4.2. Conventional Market Forecast and Analysis
8. YOGURT POWDER MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
8.1. OVERVIEW
8.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
8.3. SKIMMED YOGURT POWDER
8.3.1. Overview
8.3.2. Skimmed Yogurt Powder Market Forecast and Analysis
8.4. SEMI-SKIMMED YOGURT POWDER
8.4.1. Overview
8.4.2. Semi-Skimmed Yogurt Powder Market Forecast and Analysis
8.5. WHOLE YOGURT POWDER
8.5.1. Overview
8.5.2. Whole Yogurt Powder Market Forecast and Analysis
9. YOGURT POWDER MARKET - REVENUE AND FORECASTS TO 2028 - FLAVOR
9.1. OVERVIEW
9.2. FLAVOR MARKET FORECASTS AND ANALYSIS
9.3. REGULAR
9.3.1. Overview
9.3.2. Regular Market Forecast and Analysis
9.4. FLAVORED
9.4.1. Overview
9.4.2. Flavored Market Forecast and Analysis
10. YOGURT POWDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. FOOD AND BEVERAGE INDUSTRY
10.3.1. Overview
10.3.2. Food and Beverage Industry Market Forecast and Analysis
10.4. COSMETICS AND PERSONAL CARE
10.4.1. Overview
10.4.2. Cosmetics and Personal Care Market Forecast and Analysis
11. YOGURT POWDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Yogurt Powder Market Overview
11.1.2 North America Yogurt Powder Market Forecasts and Analysis
11.1.3 North America Yogurt Powder Market Forecasts and Analysis - By Nature
11.1.4 North America Yogurt Powder Market Forecasts and Analysis - By Product Type
11.1.5 North America Yogurt Powder Market Forecasts and Analysis - By Flavor
11.1.6 North America Yogurt Powder Market Forecasts and Analysis - By Application
11.1.7 North America Yogurt Powder Market Forecasts and Analysis - By Countries
11.1.7.1 United States Yogurt Powder Market
11.1.7.1.1 United States Yogurt Powder Market by Nature
11.1.7.1.2 United States Yogurt Powder Market by Product Type
11.1.7.1.3 United States Yogurt Powder Market by Flavor
11.1.7.1.4 United States Yogurt Powder Market by Application
11.1.7.2 Canada Yogurt Powder Market
11.1.7.2.1 Canada Yogurt Powder Market by Nature
11.1.7.2.2 Canada Yogurt Powder Market by Product Type
11.1.7.2.3 Canada Yogurt Powder Market by Flavor
11.1.7.2.4 Canada Yogurt Powder Market by Application
11.1.7.3 Mexico Yogurt Powder Market
11.1.7.3.1 Mexico Yogurt Powder Market by Nature
11.1.7.3.2 Mexico Yogurt Powder Market by Product Type
11.1.7.3.3 Mexico Yogurt Powder Market by Flavor
11.1.7.3.4 Mexico Yogurt Powder Market by Application
11.2. EUROPE
11.2.1 Europe Yogurt Powder Market Overview
11.2.2 Europe Yogurt Powder Market Forecasts and Analysis
11.2.3 Europe Yogurt Powder Market Forecasts and Analysis - By Nature
11.2.4 Europe Yogurt Powder Market Forecasts and Analysis - By Product Type
11.2.5 Europe Yogurt Powder Market Forecasts and Analysis - By Flavor
11.2.6 Europe Yogurt Powder Market Forecasts and Analysis - By Application
11.2.7 Europe Yogurt Powder Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Yogurt Powder Market
11.2.7.1.1 Germany Yogurt Powder Market by Nature
11.2.7.1.2 Germany Yogurt Powder Market by Product Type
11.2.7.1.3 Germany Yogurt Powder Market by Flavor
11.2.7.1.4 Germany Yogurt Powder Market by Application
11.2.7.2 France Yogurt Powder Market
11.2.7.2.1 France Yogurt Powder Market by Nature
11.2.7.2.2 France Yogurt Powder Market by Product Type
11.2.7.2.3 France Yogurt Powder Market by Flavor
11.2.7.2.4 France Yogurt Powder Market by Application
11.2.7.3 Italy Yogurt Powder Market
11.2.7.3.1 Italy Yogurt Powder Market by Nature
11.2.7.3.2 Italy Yogurt Powder Market by Product Type
11.2.7.3.3 Italy Yogurt Powder Market by Flavor
11.2.7.3.4 Italy Yogurt Powder Market by Application
11.2.7.4 United Kingdom Yogurt Powder Market
11.2.7.4.1 United Kingdom Yogurt Powder Market by Nature
11.2.7.4.2 United Kingdom Yogurt Powder Market by Product Type
11.2.7.4.3 United Kingdom Yogurt Powder Market by Flavor
11.2.7.4.4 United Kingdom Yogurt Powder Market by Application
11.2.7.5 Russia Yogurt Powder Market
11.2.7.5.1 Russia Yogurt Powder Market by Nature
11.2.7.5.2 Russia Yogurt Powder Market by Product Type
11.2.7.5.3 Russia Yogurt Powder Market by Flavor
11.2.7.5.4 Russia Yogurt Powder Market by Application
11.2.7.6 Rest of Europe Yogurt Powder Market
11.2.7.6.1 Rest of Europe Yogurt Powder Market by Nature
11.2.7.6.2 Rest of Europe Yogurt Powder Market by Product Type
11.2.7.6.3 Rest of Europe Yogurt Powder Market by Flavor
11.2.7.6.4 Rest of Europe Yogurt Powder Market by Application
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Yogurt Powder Market Overview
11.3.2 Asia-Pacific Yogurt Powder Market Forecasts and Analysis
11.3.3 Asia-Pacific Yogurt Powder Market Forecasts and Analysis - By Nature
11.3.4 Asia-Pacific Yogurt Powder Market Forecasts and Analysis - By Product Type
11.3.5 Asia-Pacific Yogurt Powder Market Forecasts and Analysis - By Flavor
11.3.6 Asia-Pacific Yogurt Powder Market Forecasts and Analysis - By Application
11.3.7 Asia-Pacific Yogurt Powder Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Yogurt Powder Market
11.3.7.1.1 Australia Yogurt Powder Market by Nature
11.3.7.1.2 Australia Yogurt Powder Market by Product Type
11.3.7.1.3 Australia Yogurt Powder Market by Flavor
11.3.7.1.4 Australia Yogurt Powder Market by Application
11.3.7.2 China Yogurt Powder Market
11.3.7.2.1 China Yogurt Powder Market by Nature
11.3.7.2.2 China Yogurt Powder Market by Product Type
11.3.7.2.3 China Yogurt Powder Market by Flavor
11.3.7.2.4 China Yogurt Powder Market by Application
11.3.7.3 India Yogurt Powder Market
11.3.7.3.1 India Yogurt Powder Market by Nature
11.3.7.3.2 India Yogurt Powder Market by Product Type
11.3.7.3.3 India Yogurt Powder Market by Flavor
11.3.7.3.4 India Yogurt Powder Market by Application
11.3.7.4 Japan Yogurt Powder Market
11.3.7.4.1 Japan Yogurt Powder Market by Nature
11.3.7.4.2 Japan Yogurt Powder Market by Product Type
11.3.7.4.3 Japan Yogurt Powder Market by Flavor
11.3.7.4.4 Japan Yogurt Powder Market by Application
11.3.7.5 South Korea Yogurt Powder Market
11.3.7.5.1 South Korea Yogurt Powder Market by Nature
11.3.7.5.2 South Korea Yogurt Powder Market by Product Type
11.3.7.5.3 South Korea Yogurt Powder Market by Flavor
11.3.7.5.4 South Korea Yogurt Powder Market by Application
11.3.7.6 Rest of Asia-Pacific Yogurt Powder Market
11.3.7.6.1 Rest of Asia-Pacific Yogurt Powder Market by Nature
11.3.7.6.2 Rest of Asia-Pacific Yogurt Powder Market by Product Type
11.3.7.6.3 Rest of Asia-Pacific Yogurt Powder Market by Flavor
11.3.7.6.4 Rest of Asia-Pacific Yogurt Powder Market by Application
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Yogurt Powder Market Overview
11.4.2 Middle East and Africa Yogurt Powder Market Forecasts and Analysis
11.4.3 Middle East and Africa Yogurt Powder Market Forecasts and Analysis - By Nature
11.4.4 Middle East and Africa Yogurt Powder Market Forecasts and Analysis - By Product Type
11.4.5 Middle East and Africa Yogurt Powder Market Forecasts and Analysis - By Flavor
11.4.6 Middle East and Africa Yogurt Powder Market Forecasts and Analysis - By Application
11.4.7 Middle East and Africa Yogurt Powder Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Yogurt Powder Market
11.4.7.1.1 South Africa Yogurt Powder Market by Nature
11.4.7.1.2 South Africa Yogurt Powder Market by Product Type
11.4.7.1.3 South Africa Yogurt Powder Market by Flavor
11.4.7.1.4 South Africa Yogurt Powder Market by Application
11.4.7.2 Saudi Arabia Yogurt Powder Market
11.4.7.2.1 Saudi Arabia Yogurt Powder Market by Nature
11.4.7.2.2 Saudi Arabia Yogurt Powder Market by Product Type
11.4.7.2.3 Saudi Arabia Yogurt Powder Market by Flavor
11.4.7.2.4 Saudi Arabia Yogurt Powder Market by Application
11.4.7.3 U.A.E Yogurt Powder Market
11.4.7.3.1 U.A.E Yogurt Powder Market by Nature
11.4.7.3.2 U.A.E Yogurt Powder Market by Product Type
11.4.7.3.3 U.A.E Yogurt Powder Market by Flavor
11.4.7.3.4 U.A.E Yogurt Powder Market by Application
11.4.7.4 Rest of Middle East and Africa Yogurt Powder Market
11.4.7.4.1 Rest of Middle East and Africa Yogurt Powder Market by Nature
11.4.7.4.2 Rest of Middle East and Africa Yogurt Powder Market by Product Type
11.4.7.4.3 Rest of Middle East and Africa Yogurt Powder Market by Flavor
11.4.7.4.4 Rest of Middle East and Africa Yogurt Powder Market by Application
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Yogurt Powder Market Overview
11.5.2 South and Central America Yogurt Powder Market Forecasts and Analysis
11.5.3 South and Central America Yogurt Powder Market Forecasts and Analysis - By Nature
11.5.4 South and Central America Yogurt Powder Market Forecasts and Analysis - By Product Type
11.5.5 South and Central America Yogurt Powder Market Forecasts and Analysis - By Flavor
11.5.6 South and Central America Yogurt Powder Market Forecasts and Analysis - By Application
11.5.7 South and Central America Yogurt Powder Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Yogurt Powder Market
11.5.7.1.1 Brazil Yogurt Powder Market by Nature
11.5.7.1.2 Brazil Yogurt Powder Market by Product Type
11.5.7.1.3 Brazil Yogurt Powder Market by Flavor
11.5.7.1.4 Brazil Yogurt Powder Market by Application
11.5.7.2 Argentina Yogurt Powder Market
11.5.7.2.1 Argentina Yogurt Powder Market by Nature
11.5.7.2.2 Argentina Yogurt Powder Market by Product Type
11.5.7.2.3 Argentina Yogurt Powder Market by Flavor
11.5.7.2.4 Argentina Yogurt Powder Market by Application
11.5.7.3 Rest of South and Central America Yogurt Powder Market
11.5.7.3.1 Rest of South and Central America Yogurt Powder Market by Nature
11.5.7.3.2 Rest of South and Central America Yogurt Powder Market by Product Type
11.5.7.3.3 Rest of South and Central America Yogurt Powder Market by Flavor
11.5.7.3.4 Rest of South and Central America Yogurt Powder Market by Application
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. YOGURT POWDER MARKET, KEY COMPANY PROFILES
13.1. ACE INTERNATIONAL LLP
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. ALMIL AG
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. BALLANTYNE FOODS PTY. LTD.
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. C.P. INGREDIENTS LTD.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. EPI INGRéDIENTS
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. GLANBIA NUTRITIONALS
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. KERRY INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. PREGEL AMERICA, INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. PROLACTAL GMBH
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. SCHWARZWALDMILCH GMBH
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
1. ACE International LLP
2. Almil AG
3. Ballantyne Foods Pty. Ltd.
4. C.P. Ingredients Ltd.
5. Epi Ingrédients
6. Glanbia Nutritionals
7. Kerry Inc.
8. PreGel AMERICA, Inc.
9. Prolactal GmbH
10. Schwarzwaldmilch GmbH
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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