Beneficial Insects (Macrobials) Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0185637
  • Format: Electronic (PDF)
  • Number of Pages: 193
  • Author(s): Joshi, Madhavi

Report Overview

The Beneficial Insects (Macrobials) Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Beneficial Insects (Macrobials) Market

(Market Size)
$650 million
$1.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 650 million
2030 Market Size USD 1.1 billion
Key Players BASF, Bayer, Syngenta, Corteva, FMC Corporation

Market Summary

The Beneficial Insects (Macrobials) Market represents a rapidly expanding segment within the agricultural biologicals sector, focused on the utilization of living organisms for natural pest control. This market is driven by the increasing global demand for sustainable farming practices and the reduction of chemical pesticide usage. Macrobials include a range of insects such as predatory mites, parasitic wasps, ladybugs, and lacewings, which are deployed to manage pest populations effectively. These solutions are integral to Integrated Pest Management (IPM) programs, offering an eco-friendly alternative that minimizes environmental impact and supports biodiversity. The adoption is particularly strong in high-value crops like fruits, vegetables, and ornamental plants, where residue-free produce is a significant market advantage. Leading agricultural regions across North America and Europe are at the forefront of this adoption, with growing interest in Asia-Pacific and Latin America. The market is characterized by continuous research and development efforts to enhance the efficacy and application methods of these biological control agents, ensuring they meet the rigorous demands of modern agriculture.

Key Highlights

The Beneficial Insects (Macrobials) Market is distinguished by several key factors that underscore its growing importance. A primary highlight is the strong alignment with global trends towards organic farming and sustainable agriculture, positioning macrobials as a critical tool for reducing chemical inputs. The market benefits from stringent regulatory policies in regions like the European Union, which are increasingly restricting synthetic pesticides and thus creating a favorable environment for biological alternatives. Technological advancements in mass rearing, packaging, and distribution have significantly improved the viability and shelf-life of these living products, making them more accessible to farmers. Another notable aspect is the high efficacy of certain species; for instance, predatory mites are exceptionally effective against spider mites in protected cultivation systems like greenhouses. The market also sees active involvement from both specialized biological control firms and major agribusiness corporations, indicating robust industry validation and investment. These factors collectively highlight the market's potential for sustained growth and its critical role in the future of crop protection.

Drivers, Opportunities & Restraints

The growth of the Beneficial Insects (Macrobials) Market is propelled by several powerful drivers. Increasing consumer demand for organic and sustainably produced food is a fundamental force, compelling growers to adopt biological pest control methods. Stringent government regulations aimed at reducing the environmental and health impacts of chemical pesticides further accelerate this shift, particularly in developed economies. The proven effectiveness of macrobials in Integrated Pest Management (IPM) systems, which can lead to long-term pest suppression and reduced resistance issues, provides a strong technical driver for adoption. Significant opportunities exist in the expansion into new geographic markets, especially in Asia-Pacific and Latin America, where awareness and adoption are still growing. The development of novel application technologies and combination products with other biologicals also presents substantial growth avenues. However, the market faces notable restraints, including the high cost of production and distribution compared to conventional chemicals, which can be a barrier for price-sensitive farmers. The perishable nature of living organisms demands sophisticated cold chain logistics, adding to complexity and cost. A lack of awareness and technical knowledge among farmers in certain regions also hinders broader adoption, requiring extensive educational efforts.

Concentration Insights

The Beneficial Insects (Macrobials) Market exhibits a specific concentration in terms of industry players and application focus. The industry is composed of a mix of long-established, specialized biological control companies and newer entrants, including divisions of large agribusiness conglomerates. Key players such as Bioline Agrosciences, Koppert Biological Systems, and Applied Bio-nomics have deep expertise and a significant market share, often developed over decades. The market is moderately concentrated, with these leading firms holding a substantial portion of the revenue, particularly in the North American and European markets. Their strength lies in extensive research and development capabilities, global distribution networks, and strong relationships with large-scale commercial growers. Geographically, the market is highly concentrated in regions with advanced agricultural sectors and supportive regulations, namely North America and Europe. However, the concentration of end-use is also evident in specific crop types; the majority of beneficial insects are applied in high-value protected environments like greenhouses and nurseries, as well as in orchards and vineyards, where the economic return on investment is most clearly demonstrated.

Type Insights

The Beneficial Insects (Macrobials) Market is segmented by the type of organism, each with distinct predatory or parasitic functions targeting specific pests. Predatory mites, such as Phytoseiulus persimilis, form a dominant segment due to their high efficacy against common pests like spider mites in a wide array of crops. Parasitoids, particularly various species of parasitic wasps like Encarsia formosa and Aphidius colemani, are extensively used for controlling whiteflies and aphids in greenhouse settings. Beetles, including the widely recognized ladybugs (Coccinellidae) and ground beetles, are valued for their voracious appetite for soft-bodied pests like aphids and mites. True bugs, such as minute pirate bugs (Orius spp.), are another important category effective against thrips and mite eggs. Furthermore, entomopathogenic nematodes are often included in the macrobials category and are used for soil-dwelling pest control. The selection of the appropriate beneficial insect is highly dependent on the target pest, the crop ecosystem, and environmental conditions, necessitating expert guidance for successful implementation.

Application Insights

The application of beneficial insects is primarily focused on key agricultural sectors where pest pressure is high and the value of the crop justifies the investment. The fruit and vegetable segment represents the largest application area, encompassing both open-field and protected cultivation. In greenhouses and nurseries, which provide a controlled environment, macrobials are a cornerstone of pest management for crops like tomatoes, cucumbers, peppers, and ornamental plants. Field crops are also a significant application, with usage growing in orchards (e.g., citrus, apples) and vineyards for managing pests that can cause substantial economic damage. Beyond commercial agriculture, there is increasing adoption in non-crop applications such as public gardens, landscaping, and forestry, driven by urban greening initiatives and a desire to minimize public exposure to pesticides. The method of application varies from periodic inundative releases, where large numbers of insects are introduced to quickly suppress a pest population, to inoculative releases, which aim to establish a reproducing population for longer-term control.

Regional Insights

The adoption and development of the Beneficial Insects (Macrobials) Market vary significantly by region, influenced by agricultural practices, regulatory frameworks, and levels of farmer awareness. Europe stands as the most mature and largest regional market, driven by the European Union's stringent regulations on chemical pesticides and strong government support for integrated pest management and organic farming. Countries like the Netherlands, Spain, and France are leaders in adoption, particularly in greenhouse horticulture. North America follows closely, with a well-established market in the United States and Canada, supported by advanced agricultural infrastructure and growing consumer demand for organic produce. The Asia-Pacific region is identified as a high-growth market, with countries such as China, India, and Australia increasingly investing in sustainable agriculture, though adoption rates are currently lower than in the West. Latin America and the Middle East & Africa are emerging regions where the market is in nascent stages, offering significant untapped potential as awareness grows and distribution channels develop.

Company Insights

The competitive landscape of the Beneficial Insects (Macrobials) Market features a blend of specialized pioneers and expanding divisions of global agribusiness firms. Koppert Biological Systems, a Dutch company, is widely recognized as a global leader with a comprehensive portfolio of beneficial insects and a strong international presence. Bioline Agrosciences, part of the Syngenta Group, is another major player known for its innovative rearing and formulation technologies. Applied Bio-nomics Ltd. in Canada is a key competitor in North America, specializing in a wide range of beneficial arthropods. Other significant companies include Biobest Group NV, Andermatt Group AG, and Arbico Organics. These companies compete on factors such as product efficacy, reliability, species diversity, technical support services, and the strength of their distribution networks. Many are investing heavily in research to discover new species, improve strain efficacy, and develop more user-friendly application systems. Partnerships with agricultural distributors and cooperatives are crucial for expanding their reach to end-users.

Recent Developments

The Beneficial Insects (Macrobials) Market is dynamic, with recent developments focusing on innovation, strategic expansion, and sustainability. A prominent trend is the increased investment in research and development to identify and commercialize new species or more effective strains of existing beneficial insects for a broader range of pests and crops. Companies are also advancing their production technologies to achieve greater efficiency, lower costs, and improve the shelf life and shipping stability of these living products. There has been a noticeable rise in mergers, acquisitions, and partnerships, as larger agribusiness companies seek to strengthen their biologicals portfolio by integrating specialized beneficial insect producers. Furthermore, the development of digital tools and platforms for monitoring pest levels and recommending precise release strategies is gaining traction, enhancing the integration of macrobials into smart farming practices. Educational initiatives aimed at demonstrating the economic and agronomic benefits to farmers continue to be a critical area of focus for industry players to drive adoption.

Report Segmentation

This market research report on the Beneficial Insects (Macrobials) Market provides a detailed analysis structured through a methodical segmentation. The report is segmented by type, which includes key categories such as predatory mites, parasitoids, beetles, true bugs, and entomopathogenic nematodes, analyzing the market dynamics and demand for each organism type. It is further segmented by application, covering critical areas like fruits and vegetables, field crops, and non-crop applications, providing insights into usage patterns and growth potential across these sectors. The regional segmentation offers a thorough geographical analysis, examining the market landscape and trends in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. This multi-faceted segmentation allows for a comprehensive understanding of the market, identifying specific growth pockets, competitive intensity, and emerging opportunities within each segment, thereby providing stakeholders with actionable intelligence for strategic decision-making.

FAQs

What are beneficial insects? Beneficial insects, or macrobials, are living organisms such as predatory mites, parasitic wasps, and ladybugs that are intentionally released into agricultural environments to control pest populations naturally. They act as predators or parasitoids, providing a biological alternative to chemical pesticides.

How do beneficial insects work? Beneficial insects work through two primary mechanisms: predation and parasitism. Predatory insects directly consume their prey, while parasitoids lay their eggs on or inside a host pest; the developing larvae eventually kill the host. This provides targeted, sustainable pest control.

What crops use beneficial insects? Beneficial insects are predominantly used in high-value crops, including fruits like berries and citrus, vegetables such as tomatoes and peppers grown in greenhouses and open fields, ornamental plants, and increasingly in field crops like cotton and orchards.

What are the advantages of using beneficial insects? The key advantages include reducing reliance on chemical pesticides, minimizing pesticide residues on food, lowering the risk of pests developing resistance, supporting biodiversity and pollinator health, and aligning with organic certification standards and consumer demand for sustainably produced food.

What are the challenges of using beneficial insects? Challenges include their higher initial cost compared to conventional chemicals, the need for precise timing and application knowledge, their perishable nature requiring cold chain logistics, and the potential for slower initial pest knockdown compared to broad-spectrum insecticides.

Citius Research has developed a research report titled “Beneficial Insects (Macrobials) Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Beneficial Insects (Macrobials) Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Beneficial Insects (Macrobials) Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Beneficial Insects (Macrobials) Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Beneficial Insects (Macrobials) Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Beneficial Insects (Macrobials) Market
• Research Methodology
• Executive Summary
• Market Dynamics of Beneficial Insects (Macrobials) Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Beneficial Insects (Macrobials) Market
• Cost and Gross Margin Analysis of Beneficial Insects (Macrobials) Market
• Beneficial Insects (Macrobials) Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Beneficial Insects (Macrobials) Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Beneficial Insects (Macrobials) Market Key Stakeholders

Below are the key stakeholders for the Beneficial Insects (Macrobials) Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Beneficial Insects (Macrobials) Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Beneficial Insects (Macrobials) Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Beneficial Insects (Macrobials) Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Beneficial Insects (Macrobials) Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Beneficial Insects (Macrobials) Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Beneficial Insects (Macrobials) Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Beneficial Insects (Macrobials) Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Beneficial Insects (Macrobials) Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Beneficial Insects (Macrobials) Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Beneficial Insects (Macrobials) Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Beneficial Insects (Macrobials) Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports