Kid Snacks 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: CR0195545
  • Format: Electronic (PDF)
  • Number of Pages: 203
  • Author(s): Joshi, Madhavi

Report Overview

The Kid Snacks Market size was estimated at USD 25 billion in 2023 and is projected to reach USD 36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.80% during the forecast period (2024-2030).

Kid Snacks Market

(Market Size)
$25 billion
$36 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.80%
2023 Market Size USD 25 billion
2030 Market Size USD 36 billion
Key Players PepsiCo, Mondelez, General Mills, Kellogg's, Nestlé

Market Summary

The kid snacks market represents a dynamic and essential segment within the broader food and beverages industry, characterized by consistent demand and evolving consumer preferences. This market caters specifically to children, offering a wide array of products designed for convenience, nutrition, and taste. Key product categories include fruit snacks, savory snacks, dairy-based snacks, and baked goods, each competing for shelf space and consumer attention. The industry is highly responsive to parental concerns regarding health and wellness, driving innovation in ingredient sourcing, nutritional profiling, and packaging. Major distribution channels encompass supermarkets, hypermarkets, convenience stores, and the rapidly growing e-commerce sector, which provides unparalleled accessibility for busy families. The competitive landscape is intense, with both multinational corporations and niche players vying for market share through product diversification, strategic marketing, and robust supply chain management. Understanding the nuances of this market is crucial for stakeholders aiming to capitalize on its steady growth and shifting trends.

Key Highlights

The kid snacks market is distinguished by several pivotal factors that underscore its commercial significance and potential. A primary highlight is the unwavering influence of health and wellness trends, compelling manufacturers to reformulate products to reduce sugar, sodium, and artificial additives while incorporating functional ingredients like whole grains, proteins, and vitamins. Another critical aspect is the powerful role of marketing and branding, where character licensing, vibrant packaging, and digital engagement strategies are instrumental in capturing the interest of both children and their parents. The market also demonstrates remarkable resilience to economic fluctuations, as snacks are often considered essential household items rather than discretionary purchases. Furthermore, there is a noticeable surge in demand for organic and clean-label products, reflecting a broader societal shift towards transparency and natural ingredients. The expansion of private label offerings by major retailers also presents a formidable challenge to established brands, intensifying competition and pushing innovation across the value chain.

Drivers, Opportunities & Restraints

The growth trajectory of the kid snacks market is propelled by a combination of powerful drivers, promising opportunities, and notable restraints. A significant driver is the increasingly busy lifestyles of parents, which amplifies the need for convenient, ready-to-eat snack options that require minimal preparation time. The rising disposable income in emerging economies further facilitates premiumization, allowing families to spend more on perceived higher-quality or specialized products for their children. Concurrently, growing health consciousness acts as a dual-edged sword; it drives demand for healthier alternatives but also imposes restraints by limiting the acceptance of traditional, less nutritious snacks. Regulatory pressures concerning marketing to children and stricter labeling requirements represent additional restraints that companies must navigate. Opportunities abound in product innovation, particularly in developing snacks that cater to specific dietary needs such as gluten-free, allergen-free, or plant-based formulations. The untapped potential in developing regions and the expansion of e-commerce platforms offer substantial growth avenues for forward-thinking enterprises.

Concentration Insights

The competitive concentration within the kid snacks market reveals a landscape dominated by a mix of large, diversified food conglomerates and specialized, agile players. Leading companies such as PepsiCo, through its Frito-Lay division, Mondelez International, General Mills, and The Kellogg Company command significant market share due to their extensive distribution networks, strong brand portfolios, and substantial marketing budgets. These incumbents benefit from economies of scale and deep retailer relationships. However, the market is far from monolithic. A growing segment of concentration is found among smaller, niche brands that focus on organic, non-GMO, or ethically sourced ingredients. These players often gain traction by appealing to specific consumer values that larger corporations may be slower to address. Private label brands offered by major retail chains also represent a concentrated and growing force, competing aggressively on price and quality. This blend of large-scale competition and focused niche activity creates a vibrant and challenging environment for all participants.

Type Insights

The kid snacks market is segmented by type into several distinct categories, each with its own consumer base and growth dynamics. Savory snacks, including items like potato chips, pretzels, and cheese puffs, remain a perennial favorite due to their taste and convenience, though they face scrutiny over sodium and fat content. Fruit-based snacks, such as dried fruit strips, fruit pouches, and applesauce cups, have experienced robust growth, buoyed by their perception as a healthier alternative rich in vitamins and natural sugars. Dairy-based snacks, including yogurt tubes and cheese sticks, are valued for their protein and calcium content, aligning well with nutritional guidelines for children. Baked goods, encompassing cookies, crackers, and cereal bars, represent another substantial category, often fortified with vitamins and minerals. A emerging and rapidly expanding type is the free-from segment, which includes snacks that are gluten-free, nut-free, or made with alternative grains to accommodate children with allergies or specific dietary preferences, reflecting the market's increasing diversification.

Application Insights

Application insights for the kid snacks market primarily revolve around the various consumption occasions and retail environments where these products are purchased and consumed. The primary application is for everyday snacking at home, which constitutes the bulk of demand as parents seek to provide quick nourishment between meals. This is closely followed by snacks intended for on-the-go consumption, such as in lunchboxes for school, during travel, or for extracurricular activities, emphasizing the need for portable and non-perishable packaging. Another significant application is for celebratory or treat-oriented occasions, where indulgence is a key factor, though this segment is increasingly influenced by demands for better-for-you options even in indulgent products. Furthermore, there is a growing application in institutional settings like daycare centers and schools, where nutritional standards are often mandated, creating a market for snacks that meet specific health criteria. Understanding these diverse applications is critical for manufacturers to tailor their product development, marketing messages, and distribution strategies effectively.

Regional Insights

Regional analysis of the kid snacks market reveals pronounced variations in consumer preferences, regulatory frameworks, and market maturity across the globe. North America represents a highly developed market characterized by a high degree of health consciousness, stringent regulations, and a strong presence of major international brands. However, it also shows a high saturation level, pushing growth towards innovation and premium products. Europe follows a similar pattern, with particularly robust demand for organic and eco-friendly snacks, driven by strict EU regulations on food safety and marketing. The Asia-Pacific region is identified as the most promising growth engine, fueled by rising middle-class populations, urbanization, and changing dietary habits in countries like China and India. Latin America and the Middle East & Africa are emerging regions where economic development is gradually increasing the affordability and availability of packaged kid snacks, though they remain price-sensitive markets with vast potential for future expansion as disposable incomes rise.

Company Insights

Strategic insights into leading companies provide a clear view of the competitive maneuvers shaping the kid snacks market. PepsiCo leverages its vast portfolio, including brands like Quaker and Sun Chips, to offer a range of products from indulgent to better-for-you, supported by massive marketing campaigns. Mondelez International capitalizes on its powerful global brands such as Oreo and Cadbury but is actively reformulating recipes to reduce sugar and meet health trends. General Mills, with iconic brands like Annie's Homegrown and Nature Valley, emphasizes natural and organic ingredients, appealing directly to health-conscious parents. The Kellogg Company focuses on fortification and nutrition, often highlighting the vitamin and mineral content in its snacks like Rice Krispies Treats. Beyond these giants, companies like Plum Organics and That's It. have carved out significant niches by focusing exclusively on clean-label, organic, or simple-ingredient products, demonstrating the market's receptivity to specialized propositions that address specific consumer concerns about health and transparency.

Recent Developments

The kid snacks market is continuously evolving, with recent developments highlighting a strong industry focus on adaptation and innovation. A predominant trend has been the accelerated pace of product reformulation, where major brands are proactively reducing sugar, removing artificial colors and flavors, and incorporating whole food ingredients to align with clean-label demands. Acquisitions and partnerships have been frequent, as large conglomerates seek to acquire innovative smaller brands that have gained consumer trust in the organic or free-from spaces, thereby quickly expanding their healthier product portfolios. Sustainability has moved to the forefront, with companies investing in recyclable packaging, reducing plastic use, and promoting ethical sourcing practices to appeal to environmentally conscious consumers. Furthermore, the digital transformation of the market is undeniable, with enhanced e-commerce capabilities, direct-to-consumer sales models, and sophisticated social media marketing strategies becoming standard tools for engagement and distribution, reflecting a new era of consumer interaction.

Report Segmentation

This comprehensive market research report on the kid snacks market offers a detailed segmentation to provide clients with actionable intelligence. The report is meticulously segmented by type, categorizing the market into savory snacks, fruit snacks, dairy snacks, baked goods, and other emerging categories to analyze the size, growth, and trends within each segment. It is further segmented by distribution channel, providing insights into the performance and future potential of hypermarkets & supermarkets, convenience stores, online retail, and other specialty stores. A crucial geographic segmentation delivers a country-level analysis for key regions including North America, Europe, Asia-Pacific, and the rest of the world, highlighting regional drivers and opportunities. This multi-faceted segmentation allows businesses to identify not only the overall market dynamics but also to pinpoint specific growth pockets, understand competitive landscapes at a granular level, and make informed strategic decisions regarding product development, marketing, and market entry strategies.

FAQs

What are the key factors driving the kid snacks market?

The market is primarily driven by rising demand for convenient and healthy snack options, increasing parental awareness regarding nutrition, and the growing influence of children in purchase decisions.

Which companies are the top players in the kid snacks market?

Prominent players include PepsiCo, Mondelez International, General Mills, The Kellogg Company, and a growing number of niche brands focused on organic and health-specific products.

What are the major challenges faced by the kid snacks market?

Significant challenges include stringent government regulations on sugar content and marketing to children, rising competition from private label brands, and the high cost of natural and organic ingredients.

How is e-commerce impacting the kid snacks market?

E-commerce is significantly boosting market growth by enhancing product accessibility, providing a platform for niche brands to reach a wider audience, and offering convenience for time-poor parents.

What are the latest trends in kid snacks?

Current trends include a strong shift towards clean-label and organic products, innovative packaging for portability and sustainability, and the incorporation of functional ingredients like probiotics and plant-based proteins.

Citius Research has developed a research report titled “Kid Snacks 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

• Kid Snacks 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 Kid Snacks 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.

Kid Snacks Market Segmentation

Market Segmentation

Regions Covered

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

Kid Snacks Market Analysis

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

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

Kid Snacks Market Key Stakeholders

Below are the key stakeholders for the Kid Snacks Market:

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

Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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 Kid Snacks 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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