Europe Sports Nutrition 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: CR0196502
  • Format: Electronic (PDF)
  • Number of Pages: 191
  • Author(s): Joshi, Madhavi

Report Overview

The Europe Sports Nutrition Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 16 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.20% during the forecast period (2024-2030).

Europe Sports Nutrition Market

(Market Size)
$8.5 billion
$16 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.20%
2023 Market Size USD 8.5 billion
2030 Market Size USD 16 billion
Key Players Glanbia, PepsiCo, The Coca-Cola Company, Post Holdings, Abbott

Market Summary

The Europe sports nutrition market represents a dynamic and rapidly evolving segment within the broader food and beverages industry, characterized by increasing consumer health consciousness and active lifestyle adoption. This market encompasses a wide array of products specifically formulated to enhance athletic performance, support muscle recovery, and improve overall physical wellbeing. The region's strong fitness culture, bolstered by a high number of gym memberships and participation in recreational sports, provides a solid foundation for sustained demand. Key product categories include protein powders, energy bars, supplements, and ready-to-drink formulations, catering to both professional athletes and the general fitness-minded population. Market dynamics are further influenced by stringent European Union regulations concerning health claims and ingredient safety, which ensure product quality and consumer protection. The competitive landscape is diverse, featuring a mix of global giants and specialized local manufacturers all vying for market share through innovation and targeted marketing strategies.

Key Highlights

The Europe sports nutrition market is distinguished by several pivotal factors that underscore its growth and sophistication. A significant trend is the premiumization of products, with manufacturers increasingly focusing on clean-label, organic, and plant-based formulations to meet the demand for natural and sustainable ingredients. The convergence of sports nutrition with general wellness is another critical highlight, expanding the consumer base beyond traditional athletes to include lifestyle users seeking health optimization. E-commerce has emerged as a dominant and fast-growing distribution channel, offering consumers convenience, a wider product selection, and competitive pricing, a trend accelerated by recent shifts in shopping behavior. Innovation in delivery formats, such as convenient on-the-go gels, chews, and liquid shots, is also a key market characteristic, enhancing user experience and compliance. Furthermore, strategic partnerships between sports nutrition brands and fitness influencers, gyms, and sports teams are crucial for brand building and consumer engagement in this highly competitive space.

Drivers, Opportunities & Restraints

The growth of the Europe sports nutrition market is propelled by a confluence of powerful drivers, primarily the rising health and fitness consciousness among the European population. An aging demographic seeking to maintain an active lifestyle and manage age-related muscle loss also contributes significantly to market expansion. Increased participation in endurance sports, recreational activities, and gym culture further fuels demand for performance-enhancing products. Opportunities abound in the untapped potential of female consumers, with tailored products addressing specific nutritional needs representing a significant growth avenue. The expansion into mainstream retail channels like supermarkets and drugstores also presents a considerable opportunity to reach a broader audience. However, the market faces notable restraints, including the high cost of premium products which can limit accessibility for some consumer segments. Stringent and complex regulatory frameworks across different European countries regarding ingredient approval and health claims can impede innovation and slow down product launches. Additionally, consumer skepticism and confusion over product efficacy and ingredient safety remain persistent challenges that the industry must address through education and transparency.

Concentration Insights

The competitive concentration within the Europe sports nutrition market is characterized by a blend of well-established multinational corporations and a vibrant ecosystem of niche, specialized players. A handful of global leaders, such as Glanbia plc (through its Optimum Nutrition and BSN brands), Hormel Foods Corporation (owner of the CytoSport brand, maker of Muscle Milk), and PepsiCo (through its Rockstar Energy acquisition), hold significant market share due to their extensive distribution networks, strong brand recognition, and substantial marketing budgets. These companies compete fiercely on innovation, brand loyalty, and portfolio diversity. Alongside these giants, there is a high degree of fragmentation with numerous small and medium-sized enterprises (SMEs) and private-label brands that focus on specific niches, such as vegan proteins, clean-label products, or regionally sourced ingredients. This structure creates a competitive environment where large players leverage scale, while smaller companies compete on agility, specialization, and direct consumer engagement, often through digital channels.

Type Insights

The Europe sports nutrition market is segmented by type into several key categories, each serving distinct consumer needs and occasions. Protein supplements dominate the market, with whey protein continuing to be the most popular variant due to its complete amino acid profile and high bioavailability. However, plant-based proteins derived from sources like pea, soy, rice, and hemp are experiencing the fastest growth, driven by the rising vegan, vegetarian, and flexitarian trends. Creatine remains a staple supplement for strength and power athletes seeking improved performance and muscle gains. Branched-Chain Amino Acids (BCAAs) are widely consumed for their role in reducing muscle soreness and accelerating recovery post-exercise. The market also includes a range of other product types such as glutamine, beta-alanine, and nitric oxide boosters, each targeting specific athletic performance goals. Furthermore, there is a growing category of multifunctional products that combine various ingredients to offer comprehensive benefits like energy enhancement, focus improvement, and fat loss, reflecting consumer demand for convenience and efficacy.

Application Insights

Application insights reveal the diverse end-use scenarios for sports nutrition products across Europe. The primary application remains bodybuilding and strength training, where consumers utilize high-protein products, creatine, and pre-workout supplements to support muscle hypertrophy and enhance gym performance. Endurance sports represent another critical application segment, with athletes in running, cycling, and triathlon consuming energy gels, chews, and electrolyte-replenishing drinks to sustain energy levels and maintain hydration during prolonged activity. Weight management is a significant and growing application, where products like meal replacement shakes and lean protein powders are used as part of a calorie-controlled diet to support fat loss while preserving muscle mass. General wellness and recovery constitute an increasingly important application, appealing to casual gym-goers and lifestyle users who seek products to aid muscle repair, reduce soreness, and support overall health outside of intense training regimes. This diversification of applications is crucial for market expansion beyond the core athlete demographic.

Regional Insights

Regional analysis of the Europe sports nutrition market reveals distinct patterns of consumption and growth potential across the continent. Western Europe, particularly the United Kingdom, Germany, and France, represents the most mature and largest markets. These regions benefit from high disposable incomes, a deeply ingrained fitness culture, and widespread availability of products through various retail channels. The UK, for instance, has a very strong gym and bodybuilding community, while Germany has a high penetration of sports clubs and endurance event participation. Southern European countries, such as Italy and Spain, are exhibiting robust growth, fueled by increasing health awareness and rising participation in fitness activities. The Nordic countries, including Sweden and Denmark, are notable for their high adoption of healthy lifestyles and early adoption of trends like organic and clean-label products, making them a key innovation hub. Eastern Europe is anticipated to be a high-growth region, with markets like Poland and Russia experiencing rising disposable incomes and growing interest in health and fitness, though from a smaller base, presenting significant future opportunity.

Company Insights

The Europe sports nutrition market features a competitive roster of companies ranging from diversified food and beverage conglomerates to pure-play nutrition specialists. Prominent players include Glanbia plc, a global nutrition leader with a powerful portfolio featuring brands like Optimum Nutrition (ON), BSN, and Isopure, known for their high-quality protein products. Hormel Foods Corporation is a key competitor through its CytoSport subsidiary, the maker of the widely recognized Muscle Milk line of protein powders and ready-to-drink shakes. PepsiCo has a growing presence in the energy and active nutrition space through its ownership of the Rockstar Energy brand. Abbott Laboratories, through its EAS and Ensure brands, has a significant foothold, particularly in the medical and lifestyle nutrition segments that overlap with sports. European players also hold strong positions, such as the German company QNT, known for its metallic line of supplements, and the UK's Science in Sport, which specializes in products for endurance athletes. The landscape is also populated by agile digital-native brands like Myprotein (owned by THG) that have successfully leveraged direct-to-consumer e-commerce models.

Recent Developments

The Europe sports nutrition market has been a hotbed of recent activity characterized by innovation, strategic moves, and adaptation to consumer trends. A predominant development is the significant investment in and launch of plant-based and vegan product lines by nearly all major players, responding to the surge in demand for dairy-free and sustainable alternatives. There has been a noticeable wave of merger and acquisition activity as large corporations seek to acquire innovative brands to quickly gain access to new consumer segments and product technologies. Companies are increasingly focusing on sustainability initiatives, incorporating recycled packaging, and promoting transparent and ethical sourcing of ingredients to appeal to environmentally conscious consumers. The regulatory landscape continues to evolve, with recent discussions at the EU level focusing on clearer guidelines for novel ingredients and health claims, impacting how companies market their products. Furthermore, the integration of technology, such as personalized nutrition apps that recommend supplements based on user data, represents a cutting-edge development blurring the lines between nutrition, technology, and wellness.

Report Segmentation

This comprehensive market research report on the Europe sports nutrition industry provides a detailed and structured analysis through multiple layers of segmentation. The report is meticulously segmented by type to provide deep insights into categories including protein supplements, creatine, amino acids (BCAAs), and other specialized supplements, analyzing the growth dynamics, trends, and consumer preferences within each segment. It is further segmented by application, examining the usage across key areas such as bodybuilding, endurance sports, weight management, and general wellness, highlighting the specific demands and product requirements for each application. The distribution channel segmentation offers a critical view of the market landscape across hypermarkets/supermarkets, specialty stores, online retailers, and drugstores, assessing the shifting patterns of consumer purchasing behavior. Geographically, the report delivers a country-level analysis, providing specific insights for major markets like the UK, Germany, France, Italy, Spain, and the Rest of Europe, detailing regional trends, growth rates, and competitive environments. This multi-faceted segmentation allows for a granular understanding of the market, enabling stakeholders to identify precise opportunities and make informed strategic decisions.

FAQs

What are the key drivers of the Europe sports nutrition market?

The primary drivers include rising health and fitness consciousness, growing participation in sports and gym activities, an aging population seeking active lifestyles, and the expansion of product availability into mainstream retail channels.

Which companies are the leading players in this market?

Leading players include global giants like Glanbia plc with its Optimum Nutrition brand, Hormel Foods Corporation through its CytoSport subsidiary (Muscle Milk), PepsiCo with Rockstar Energy, and Abbott Laboratories. Significant European players include QNT and Science in Sport.

What are the popular types of sports nutrition products in Europe?

Protein supplements, particularly whey and the rapidly growing plant-based variants, are the most popular. Other key product types include creatine for strength, branched-chain amino acids (BCAAs) for recovery, and a range of energy and endurance products like gels and drinks.

How is the plant-based trend impacting the market?

The plant-based trend is significantly impacting the market, driving rapid innovation and new product development. Nearly all major manufacturers are launching vegan protein powders, bars, and ready-to-drink shakes made from pea, soy, rice, and hemp to cater to the growing demand for dairy-free and sustainable options.

Which European countries have the highest demand for sports nutrition?

The United Kingdom, Germany, and France represent the largest and most mature markets with the highest current demand, driven by strong fitness cultures and high consumer awareness. However, Southern European nations like Italy and Spain, along with Nordic countries, are exhibiting strong growth rates.

Citius Research has developed a research report titled “Europe Sports Nutrition Market Report - 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

• Europe Sports Nutrition 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 Europe Sports Nutrition 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.

Europe Sports Nutrition Market Segmentation

Market Segmentation

Regions Covered

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

Europe Sports Nutrition Market Analysis

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

• Overview of Europe Sports Nutrition Market
• Research Methodology
• Executive Summary
• Market Dynamics of Europe Sports Nutrition 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 Europe Sports Nutrition Market
• Cost and Gross Margin Analysis of Europe Sports Nutrition Market
• Europe Sports Nutrition Market Report - 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 “Europe Sports Nutrition Market Report - 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.

Europe Sports Nutrition Market Key Stakeholders

Below are the key stakeholders for the Europe Sports Nutrition Market:

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

Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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 Europe Sports Nutrition 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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