Beta Glucan 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: CR0196322
  • Format: Electronic (PDF)
  • Number of Pages: 218
  • Author(s): Joshi, Madhavi

Report Overview

The Beta Glucan Market size was estimated at USD 450 million in 2023 and is projected to reach USD 950 million by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Beta Glucan Market

(Market Size)
$450 million
$950 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 450 million
2030 Market Size USD 950 million
Key Players Kerry, Tate & Lyle, DSM, Lesaffre, Ceapro

Market Summary

The beta glucan market within the food and beverages industry is experiencing notable growth driven by increasing consumer awareness of its health benefits. Beta glucans are naturally occurring polysaccharides found in sources such as oats, barley, yeast, and mushrooms, recognized for their functional properties including immune support, cholesterol management, and digestive health. The market caters to a wide range of applications, from dietary supplements and functional foods to beverages and bakery products. Companies are innovating with beta glucan-enriched offerings to meet the rising demand for clean-label and health-oriented products. The market is characterized by a blend of established players and emerging entrants focusing on research and development to enhance product efficacy and application scope. Regulatory approvals and scientific validations further bolster market credibility, encouraging adoption across various demographic segments. Geographically, North America and Europe lead in consumption due to high health consciousness, while Asia-Pacific shows rapid growth potential fueled by increasing disposable incomes and wellness trends. The market's evolution is closely tied to advancements in extraction technologies and sustainable sourcing practices, ensuring consistent quality and supply chain reliability.

Key Highlights

The beta glucan market is distinguished by several key highlights that underscore its dynamic nature. Scientifically backed health claims, particularly regarding heart health and immune function, serve as primary drivers for product incorporation in functional foods and beverages. Innovation in product formulations is evident, with companies developing soluble and insoluble beta glucan variants to suit diverse application needs, such as viscosity modification in beverages or fiber enhancement in baked goods. The market sees robust activity in mergers, acquisitions, and partnerships aimed at expanding geographic reach and portfolio diversification. Leading companies like Kerry Group, Tate & Lyle, and Lesaffre are actively investing in production capacity and R&D to maintain competitive edges. Sustainability initiatives are gaining prominence, with focus on eco-friendly extraction methods and traceable sourcing from non-GMO and organic raw materials. The rise of e-commerce and digital marketing strategies is enhancing consumer accessibility and education, further propelling market penetration. Additionally, regulatory frameworks in regions like Europe and North America support market growth through approved health claims, while emerging regions are gradually aligning standards to foster local industry development.

Drivers, Opportunities & Restraints

Several drivers propel the beta glucan market forward, primarily the growing consumer inclination toward preventive healthcare and functional ingredients. Increased incidence of lifestyle-related diseases such as obesity and cardiovascular issues has heightened demand for natural solutions like beta glucans, which are endorsed for their cholesterol-lowering and glycemic control properties. Opportunities abound in expanding applications within the food and beverage sector, including infant nutrition, sports drinks, and vegan products, where beta glucans serve as texturizers and health enhancers. Emerging markets in Asia-Pacific and Latin America present significant growth potential due to rising health awareness and urbanization. However, the market faces restraints including high production costs associated with extraction and purification processes, which can limit affordability and widespread adoption. Regulatory hurdles and varying approval standards across regions also pose challenges, requiring companies to navigate complex compliance landscapes. Additionally, consumer skepticism regarding efficacy and taste integration in products may hinder acceptance. Despite these restraints, technological advancements in processing and increasing investment in consumer education are expected to mitigate barriers and unlock new opportunities.

Concentration Insights

The beta glucan market exhibits a moderately concentrated landscape with a mix of global players and niche specialists dominating the space. Key companies such as Kerry Group, Tate & Lyle, Lesaffre, and Koninklijke DSM NV hold significant market shares due to their extensive product portfolios, robust R&D capabilities, and strong distribution networks. These players focus on strategic initiatives like acquisitions and collaborations to enhance their market presence and cater to diverse regional demands. For instance, partnerships with academic institutions for clinical research help validate health claims and strengthen product credibility. Regionally, North America and Europe are hubs for concentration, housing major manufacturers and advanced processing facilities. Meanwhile, Asia-Pacific is emerging as a focal point for production and consumption, with local companies increasing investments to capture growing demand. The market also sees participation from smaller firms specializing in organic or non-GMO beta glucan sources, catering to premium segments. Overall, the competitive intensity is high, driven by innovation, pricing strategies, and regulatory compliance, prompting continuous efforts toward differentiation and value addition.

Type Insights

Beta glucans in the food and beverages industry are primarily categorized based on their source, with key types including oat beta glucan, barley beta glucan, yeast beta glucan, and mushroom beta glucan. Oat beta glucan is widely utilized due to its strong scientific backing for heart health benefits and its solubility, making it ideal for beverages, dairy alternatives, and bakery products. Barley beta glucan shares similar properties and is often incorporated into cereals and snacks for its fiber content. Yeast-derived beta glucan, particularly from Saccharomyces cerevisiae, is valued for its immune-boosting properties and is commonly used in dietary supplements and functional foods. Mushroom beta glucan, sourced from varieties like Reishi and Shiitake, is gaining traction for its antioxidant and immune-modulating effects, finding applications in health drinks and supplements. Each type offers distinct functional benefits, influencing their selection based on desired health claims and formulation requirements. Innovation continues around blending these types or developing modified versions to improve stability, taste, and bioavailability, addressing specific industry needs and enhancing consumer acceptance.

Application Insights

Applications of beta glucan in the food and beverages industry are diverse and expanding rapidly. In functional foods, beta glucans are incorporated into items like breakfast cereals, nutrition bars, and pasta to enhance fiber content and support heart health claims. The beverages segment sees significant usage in health drinks, smoothies, and dairy alternatives, where soluble beta glucans act as thickeners and stability agents while delivering health benefits. Dietary supplements represent a major application area, with beta glucan capsules, powders, and tablets catering to consumers seeking immune support and cholesterol management. Bakery products utilize beta glucans as fat replacers and textural modifiers, improving nutritional profiles without compromising quality. Infant nutrition is an emerging application, with beta glucans added to formulas for their prebiotic and immune-supporting properties. Additionally, sports nutrition products leverage beta glucans for energy modulation and recovery benefits. The versatility of beta glucan allows for innovation across categories, driven by consumer demand for clean-label, natural ingredients that offer tangible health advantages.

Regional Insights

Regionally, the beta glucan market demonstrates varied dynamics influenced by consumer behavior, regulatory frameworks, and economic factors. North America leads in terms of consumption and innovation, driven by high health awareness, well-established functional food industries, and supportive regulations such as FDA-approved health claims for cholesterol reduction. Europe follows closely, with countries like Germany and the UK showing strong demand for natural and organic beta glucan products, bolstered by EFSA endorsements and a proactive approach to preventive healthcare. The Asia-Pacific region is the fastest-growing market, fueled by rising disposable incomes, urbanization, and increasing prevalence of lifestyle diseases, particularly in China, Japan, and India. Local manufacturers are expanding production capacities to meet domestic and export demands. Latin America and the Middle East & Africa are emerging regions, with growth opportunities linked to growing health consciousness and investments in food processing infrastructure. Each region presents unique challenges and opportunities, necess tailored strategies for market entry and expansion, including adaptation to local tastes, regulatory compliance, and partnership with regional distributors.

Company Insights

Prominent companies in the beta glucan market include Kerry Group, Tate & Lyle, Lesaffre, Koninklijke DSM NV, and Super Beta Glucan. Kerry Group leverages its extensive ingredient technology expertise to offer beta glucan solutions for various applications, focusing on sustainability and clean-label trends. Tate & Lyle emphasizes innovation in fiber ingredients, providing oat-based beta glucans for heart health products. Lesaffre utilizes its yeast fermentation proficiency to produce high-purity yeast beta glucans targeted at immune health segments. Koninklijke DSM NV integrates beta glucans into its nutritional portfolio, supported by strong R&D and global reach. Super Beta Glucan specializes in proprietary formulations, often partnering with health brands for customized solutions. These companies engage in strategies like capacity expansions, product launches, and collaborative research to strengthen their positions. Additionally, niche players and startups are entering the market with focus on organic, non-GMO, or novel source beta glucans, intensifying competition and driving innovation. The competitive landscape is marked by efforts to secure supply chains, achieve regulatory approvals, and educate consumers through marketing and clinical studies.

Recent Developments

Recent developments in the beta glucan market reflect ongoing innovation and strategic movements. Companies have launched new beta glucan-enriched products, such as functional beverages and snacks, to capitalize on health trends. For instance, collaborations between ingredient suppliers and food manufacturers have resulted in products with enhanced bioavailability and improved taste profiles. Investments in production facilities are evident, with expansions aimed at meeting growing demand, particularly in Asia-Pacific and North America. Research and development activities have intensified, focusing on clinical trials to validate new health claims, such as gut health and mental wellness benefits. Regulatory advancements include approvals for beta glucan health claims in emerging markets, facilitating market entry. Sustainability initiatives have gained traction, with companies adopting green extraction methods and promoting transparent sourcing practices. Partnerships with academic institutions and health organizations are common, aimed at fostering innovation and consumer education. Additionally, mergers and acquisitions continue to shape the market landscape, enabling companies to diversify portfolios and access new technologies. These developments collectively drive market growth, enhancing product offerings and expanding consumer reach.

Report Segmentation

The beta glucan market report is segmented to provide detailed analysis across multiple dimensions. Segmentation by type includes oat beta glucan, barley beta glucan, yeast beta glucan, and mushroom beta glucan, each analyzed for their market share, growth trends, and application suitability. By application, the report covers functional foods, beverages, dietary supplements, bakery products, and others, highlighting demand patterns and innovation areas. Geographic segmentation encompasses North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, examining regional drivers, competitive landscapes, and growth opportunities. Additional segmentation may focus on form (powder, liquid) and functionality (solubility, purity), offering insights into product preferences and technological advancements. The report also assesses consumer demographics, regulatory impacts, and distribution channels, providing a holistic view of market dynamics. This structured approach enables stakeholders to identify niche opportunities, understand competitive pressures, and make informed strategic decisions based on comprehensive data and trend analysis.

FAQs

What are the main sources of beta glucan? Beta glucan is primarily sourced from oats, barley, yeast, and mushrooms. Each source offers unique health benefits and is used in various food and beverage applications based on solubility, purity, and functional properties.

How does beta glucan benefit health? Beta glucan supports health by aiding cholesterol reduction, improving immune function, and enhancing digestive health. Its soluble fiber properties help regulate blood sugar levels and promote satiety, making it valuable for weight management.

Which industries use beta glucan the most? The food and beverages industry is the largest user of beta glucan, incorporating it into functional foods, dietary supplements, beverages, and bakery products. The pharmaceutical and cosmetics industries also utilize it for its health and skincare benefits.

Is beta glucan safe for everyone? Beta glucan is generally safe for most people when consumed in amounts found in foods. However, individuals with allergies to sources like yeast or grains should exercise caution, and consulting a healthcare provider is advised for those with specific health conditions.

What is the difference between soluble and insoluble beta glucan? Soluble beta glucan dissolves in water, forming a gel-like substance that aids cholesterol and blood sugar control. Insoluble beta glucan does not dissolve, adding bulk to stool and supporting digestive health. Both types are used in food formulations based on desired outcomes.

Citius Research has developed a research report titled “Beta Glucan 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

• Beta Glucan 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 Beta Glucan 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.

Beta Glucan Market Segmentation

Market Segmentation

Regions Covered

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

Beta Glucan Market Analysis

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

• Overview of Beta Glucan Market
• Research Methodology
• Executive Summary
• Market Dynamics of Beta Glucan 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 Beta Glucan Market
• Cost and Gross Margin Analysis of Beta Glucan Market
• Beta Glucan 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 “Beta Glucan 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.

Beta Glucan Market Key Stakeholders

Below are the key stakeholders for the Beta Glucan Market:

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

Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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 Beta Glucan 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.

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