Gluten Free Foods and Beverages 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: CR0197269
  • Format: Electronic (PDF)
  • Number of Pages: 192
  • Author(s): Joshi, Madhavi

Report Overview

The Gluten Free Foods and Beverages Market size was estimated at USD 6.8 billion in 2023 and is projected to reach USD 12.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.40% during the forecast period (2024-2030).

Gluten Free Foods and Beverages Market

(Market Size)
$6.8 billion
$12.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.40%
2023 Market Size USD 6.8 billion
2030 Market Size USD 12.5 billion
Key Players General Mills, Kellogg’s, The Kraft Heinz Company, Nestlé, Conagra Brands

Market Summary

The gluten free foods and beverages market represents a dynamic and expanding segment within the global food industry, driven by increasing consumer awareness and demand for products catering to specific dietary needs. This market encompasses a wide array of products formulated without gluten, a protein found in wheat, barley, and rye, designed for individuals with celiac disease, gluten sensitivity, or those opting for a gluten free lifestyle. The product portfolio is extensive, ranging from bakery items, snacks, and ready to eat meals to beverages like gluten free beer. The evolution of this market is characterized by significant product innovation, with manufacturers continuously developing improved formulations to enhance taste and texture, which were historically common barriers to adoption. Retail distribution channels have diversified considerably, moving beyond specialty health food stores into mainstream supermarkets, hypermarkets, and online platforms, thereby improving product accessibility. The competitive landscape is a mix of dedicated gluten free brands and large multinational food corporations expanding their portfolios to include free from options, all striving to capture a share of this loyal and growing consumer base.

Key Highlights

Several key factors underscore the significance of the gluten free foods and beverages market. A primary highlight is the robust and sustained growth in consumer demand, which transcends its original medical necessity base and is now strongly influenced by broader health and wellness trends. This has transformed the market from a niche offering into a mainstream phenomenon. Product innovation remains a critical differentiator, with companies investing heavily in research and development to overcome historical challenges associated with taste, texture, and palatability, leading to products that closely mimic their gluten containing counterparts. The expansion and diversification of distribution channels have been pivotal, ensuring these products are readily available to a mass audience through conventional grocery retailers and e commerce platforms. Furthermore, the market has seen increased activity in terms of mergers, acquisitions, and strategic partnerships, as major players like The Hain Celestial Group, General Mills, and Kellogg's seek to strengthen their market positions and expand their geographic footprint. The proliferation of clear and certified labeling has also been crucial in building consumer trust and ensuring product safety.

Drivers, Opportunities & Restraints

The market's trajectory is shaped by a confluence of drivers, opportunities, and restraints. A fundamental driver is the rising prevalence of celiac disease and non celiac gluten sensitivity diagnoses worldwide, creating a essential consumer base. Concurrently, a powerful driver is the pervasive consumer shift towards preventive healthcare and wellness, where gluten free products are often perceived as healthier alternatives, even by those without medical necessities. Significant opportunities exist in untapped and emerging markets, particularly in the Asia Pacific region, where awareness is growing but penetration remains relatively low. There is also a substantial opportunity in product development, especially in categories like gluten free pasta, infant nutrition, and alcoholic beverages, where innovation can meet specific consumer demands. However, the market faces notable restraints. The high cost of gluten free products compared to conventional items remains a significant barrier to adoption for price sensitive consumers, primarily due to more expensive raw materials and complex production processes. Additionally, the risk of cross contamination during manufacturing poses a constant challenge to maintaining product integrity and safety, requiring stringent and costly quality control measures.

Concentration Insights

The competitive concentration within the gluten free foods and beverages market reveals a landscape with a blend of specialized and diversified players. The market is moderately concentrated, featuring a number of key international corporations that hold significant shares. Prominent companies such as The Kraft Heinz Company, Conagra Brands, and PepsiCo have leveraged their extensive distribution networks and brand equity to successfully launch and scale gluten free product lines. Alongside these giants, there are numerous dedicated and often smaller companies, like Enjoy Life Foods and Bob's Red Mill, that have built strong brand loyalty by focusing exclusively on the free from segment and are known for their high quality and innovative offerings. This structure creates a competitive environment where large companies compete on scale, marketing power, and broad distribution, while smaller niche players compete on specialization, product quality, and strong brand community engagement. The concentration is also evident geographically, with North America and Europe representing the most mature and concentrated markets, while other regions present more fragmented competitive landscapes with opportunities for new entrants.

Type Insights

The market is segmented by type into various product categories, each with its own dynamics and growth patterns. Bakery products constitute a dominant segment, encompassing bread, rolls, biscuits, cookies, cakes, and muffins. This category has seen remarkable innovation to improve texture and shelf life, addressing early consumer complaints. Snacks represent another highly popular and fast growing segment, including items like gluten free chips, pretzels, crackers, and nutrition bars, catering to the demand for convenient and healthy on the go options. Ready to eat meals are gaining significant traction, offering convenience for consumers with busy lifestyles who require safe, pre prepared gluten free options. The beverages segment, though smaller, is evolving rapidly, with gluten free beer, ale, and other drinks becoming more widely available. Within each type, there is a continuous trend towards not only being gluten free but also incorporating other health positive attributes such as organic certification, high protein, ancient grains, or non GMO claims, thereby appealing to a multi faceted health conscious consumer.

Application Insights

From an application perspective, gluten free products are consumed through various channels, primarily segmented into retail and food service. The retail application is the largest, comprising sales through supermarkets and hypermarkets, convenience stores, specialty stores, and online retailers. Supermarkets and hypermarkets are the leading channel due to their one stop shopping convenience and increasing allocation of shelf space to free from aisles. The online retail application is experiencing the fastest growth, driven by the ease of product discovery, access to a wider variety of brands, and home delivery services. The food service application is a crucial and expanding segment, encompassing restaurants, cafes, hotels, and catering services. There is growing pressure and opportunity for food service providers to include clear gluten free options on their menus to attract this consumer demographic. Institutions such as schools and hospitals are also increasingly recognizing the need to provide gluten free meals, further expanding this application area and driving market growth.

Regional Insights

Geographically, the market exhibits distinct patterns across different regions. North America, particularly the United States, represents one of the most mature and largest markets for gluten free products. This is attributed to high consumer awareness, well established diagnostic rates for gluten related disorders, and a strong culture of health and wellness trends. Europe follows closely, with countries like the UK, Germany, and Italy showing robust markets supported by strong regulatory frameworks and high consumer awareness. The Asia Pacific region is identified as the fastest growing market, fueled by a large population base, rising disposable incomes, and a gradual increase in awareness about gluten intolerance and healthy eating habits. However, market penetration in many APAC countries is still in its early stages compared to the West. Latin America and the Middle East and Africa are emerging regions with nascent but potential filled markets, where growth is anticipated as distribution networks improve and multinational companies increase their focus on these developing economies.

Company Insights

The competitive landscape features a strategic mix of dedicated gluten free manufacturers and large food conglomerates. Key players have established strong market positions through extensive product portfolios, robust distribution, and consistent branding. Companies like The Hain Celestial Group, through its brands such as Arrowhead Mills and Garden of Eatin', and Conagra Brands with its dedicated gluten free lines, are significant contributors. General Mills has made substantial inroads by reformulating many of its popular brands, like Chex cereal, to be gluten free. Kellogg's offers various gluten free options under its RXBAR and Kashi divisions. Boulder Brands, known for its Glutino and Udi's brands, was a pioneer later acquired by a larger entity, demonstrating the consolidation trend. These companies compete not only on product quality and variety but also on factors such as price positioning, marketing effectiveness, supply chain reliability, and the ability to secure certifications that assure consumers of product safety and quality.

Recent Developments

The market has been active with recent developments that signal its ongoing evolution and competitive intensity. A prominent trend is the wave of product launches that focus on new categories or improved formulations. Companies are expanding beyond traditional bakery into areas like gluten free pasta with superior textures, indulgent desserts, and healthier snack alternatives made with ancient grains or plant based proteins. Another significant development is the continued strategic acquisition of smaller, innovative gluten free brands by larger food corporations seeking to quickly gain expertise and market share. Investment in dedicated manufacturing facilities to minimize cross contamination risks and increase production capacity is also a key activity among leading players. Furthermore, there is a heightened focus on sustainability and transparency, with companies highlighting responsible sourcing of ingredients, eco friendly packaging, and clear, clean label claims to meet the ethical expectations of modern consumers, thereby adding another layer to brand differentiation.

Report Segmentation

This comprehensive market report provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry. The segmentation by type delves into the various product categories, including bakery products, snacks, ready to eat meals, beverages, and others, analyzing the size, growth rate, and trends specific to each category. The segmentation by application examines the key distribution and consumption channels, namely retail distribution such as supermarkets, convenience stores, and online retail, alongside the food service sector which includes restaurants and institutional catering. Geographically, the report is segmented into key regions North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with further country level analysis for major markets within these regions. This multi faceted segmentation allows stakeholders to identify precise growth pockets, understand regional consumer behavior, evaluate the performance of specific product types, and assess the competitive dynamics within each segment, thereby facilitating informed strategic decision making.

FAQs

What are the key drivers of the gluten free foods and beverages market?

The key drivers include the rising diagnosed prevalence of celiac disease and gluten sensitivity, a significant consumer shift towards preventive health and wellness where these products are perceived as healthier, and increased product availability through expanded retail and food service channels.

Who are the leading companies in the gluten free market?

Leading companies include large food conglomerates like The Hain Celestial Group, General Mills, Kellogg's, and Conagra Brands, as well as dedicated specialists such as Enjoy Life Foods and Bob's Red Mill, each competing with extensive product portfolios.

Which region has the largest market for gluten free products?

North America currently holds the position as the largest and most mature market for gluten free foods and beverages, driven by high consumer awareness, established diagnostic rates, and strong adoption of health oriented dietary trends.

What are the main challenges facing the gluten free market?

Primary challenges encompass the high cost of products compared to conventional alternatives, which can limit adoption, and the persistent risk of gluten cross contamination during manufacturing, which requires stringent and costly safety protocols to manage.

How is the food service industry adapting to the gluten free trend?

The food service industry is increasingly adapting by explicitly adding gluten free options to menus, training staff on allergen safety and cross contamination prevention, and often obtaining certifications to assure customers of the safety and integrity of their gluten free offerings.

The Global Gluten Free Foods & Beverages Market size was valued at $XX billion in 2023, and is anticipated to reach $XX billion by 2030, growing at a CAGR of XX% during the forecast period. Citius Research has developed a research report titled “Gluten Free Foods & Beverages 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

• Gluten Free Foods and Beverages 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 Gluten Free Foods & Beverages 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.

Gluten Free Foods and Beverages Market Segmentation

Market Segmentation

Regions Covered

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

Gluten Free Foods and Beverages Market Analysis

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

• Overview of Gluten Free Foods & Beverages Market
• Research Methodology
• Executive Summary
• Market Dynamics of Gluten Free Foods & Beverages 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 Gluten Free Foods & Beverages Market
• Cost and Gross Margin Analysis of Gluten Free Foods & Beverages Market
• Gluten Free Foods & Beverages 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 “Gluten Free Foods & Beverages 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.

Gluten Free Foods and Beverages Market Key Stakeholders

Below are the key stakeholders for the Gluten Free Foods & Beverages Market:

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

Gluten Free Foods & Beverages 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 Gluten Free Foods & Beverages 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 Gluten Free Foods & Beverages 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 Gluten Free Foods & Beverages 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 Gluten Free Foods & Beverages 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 Gluten Free Foods and Beverages 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.
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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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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 Gluten Free Foods and Beverages 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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