Murumuru Butter 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: CR0195669
  • Format: Electronic (PDF)
  • Number of Pages: 214
  • Author(s): Joshi, Madhavi

Report Overview

The Murumuru Butter Market size was estimated at USD 85 million in 2023 and is projected to reach USD 160 million by 2030, exhibiting a compound annual growth rate (CAGR) of 10.30% during the forecast period (2024-2030).

Murumuru Butter Market

(Market Size)
$85 million
$160 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.30%
2023 Market Size USD 85 million
2030 Market Size USD 160 million
Key Players AAK, Bunge, OLVEA, Jarchem, Croda

Market Summary

The Murumuru butter market operates within the broader natural and organic personal care and food ingredients sectors, derived from the seeds of the Astrocaryum murumuru palm tree indigenous to the Amazon rainforest. This market is characterized by increasing consumer demand for sustainable, ethically sourced, and multifunctional natural products. Murumuru butter is highly valued for its exceptional emollient properties and unique composition of fatty acids, making it a sought-after ingredient. Its primary applications span across the cosmetics and personal care industry, where it is used in formulations for skin and hair care products, as well as a niche presence in the food industry as a premium vegetable fat. The market is supported by a supply chain deeply connected to South American regions, particularly Brazil, where sustainable harvesting practices are increasingly promoted to ensure both ecological balance and economic benefits for local communities. Companies operating in this space focus on product purity, cold-press extraction methods, and certifications such as organic and fair trade to cater to a discerning consumer base that prioritizes transparency and quality.

Key Highlights

The Murumuru butter market is distinguished by several key factors that underscore its growing prominence. The butter possesses a high melting point close to human body temperature, which provides a unique non-greasy feel upon application, a highly desirable attribute in cosmetic formulations. Its rich concentration of lauric, myristic, and oleic acids offers superior moisturizing, conditioning, and stabilizing benefits. A significant highlight is its role in promoting biodiversity and supporting the bioeconomy of the Amazon region through sustainable agroforestry programs and partnerships with local cooperatives. The market is also witnessing innovation in product applications, extending beyond traditional lotions and creams into solid perfumes, lip balms, luxury soaps, and even vegan food products. Furthermore, leading brands are increasingly leveraging murumuru butter as a key marketing ingredient, highlighting its exotic origin and natural properties to appeal to environmentally conscious and health-aware consumers globally.

Drivers, Opportunities & Restraints

Market growth is primarily driven by the robust expansion of the natural and organic cosmetic industry, where consumers actively seek plant-based alternatives to synthetic ingredients. The multifunctional benefits of murumuru butter, serving as an emollient, thickener, and stabilizer, reduce the need for multiple additives, aligning with the industry's clean-label trend. Additionally, rising disposable incomes and growing awareness of ethical sourcing and sustainability act as significant catalysts. Opportunities abound in product development and geographic expansion. There is potential for increased application within the food sector as a premium cocoa butter equivalent or in gourmet products. Technological advancements in processing can improve yield and quality, opening new avenues. However, the market faces restraints, including the limited and geographically concentrated supply of murumuru nuts, which creates vulnerability to climatic conditions and logistical challenges. Price volatility of raw materials and the high cost of certified organic and fair-trade products can also limit mass-market adoption, posing a challenge for wider penetration.

Concentration Insights

The Murumuru butter market features a concentrated landscape with a mix of specialized ingredient suppliers, cosmetic manufacturers, and companies focused on ethical sourcing. Key players are often those with direct ties to the raw material source in Brazil and Peru, giving them control over the supply chain from harvest to export. Companies like Beraca and AAK are notable for their sustainable sourcing initiatives and partnerships with local communities. The market concentration is also evident among major personal care brands such as L'Or?al and The Body Shop, which have formulated popular product lines featuring murumuru butter, thereby influencing demand and consumer trends. This concentration creates a competitive environment where product quality, certification, and supply chain transparency are critical differentiators. Smaller, niche brands compete by emphasizing artisanal production, unique blends, and a strong narrative around social and environmental impact.

Type Insights

Murumuru butter available in the market is primarily differentiated by its processing method and grade, which directly influences its quality, nutrient retention, and suitability for various applications. The most premium type is unrefined, cold-pressed murumuru butter, which retains its natural color, aroma, and full spectrum of beneficial fatty acids and phytosterols. This type is highly prized in the cosmetics industry for high-end skin and hair care formulations. Refined murumuru butter, which undergoes further processing such as bleaching and deodorizing, has a neutral odor and color, making it preferable for applications where a scent-free base is required or for certain food uses. The market also sees variations in butter blends, where murumuru is combined with other butters like shea or cocoa to create customized functional properties and cost-effective solutions for manufacturers. The choice between types is a strategic decision for formulators based on the desired end-product characteristics.

Application Insights

The application of murumuru butter is predominantly segmented into the cosmetics and personal care industry and the food industry. Within cosmetics, it is a star ingredient in moisturizing creams, lotions, and body butters due to its excellent absorption and non-comedogenic properties. It is extensively used in hair care products like conditioners, masks, and styling creams because it provides remarkable shine, softness, and frizz control without weighing hair down. The butter is also found in lip balms, soaps, and solid perfume formulations for its ability to hold scent and provide a smooth application. In the food sector, though a smaller segment, murumuru butter is used as a vegetable fat in niche, premium food products, sometimes as an alternative to cocoa butter in confectionery. Its stable fat composition also makes it a subject of interest for potential use in biofuels and other industrial applications, though these are not yet commercially significant.

Regional Insights

The Murumuru butter market is intrinsically linked to its geographical origins, with production almost exclusively centered in the Amazon Basin, particularly in Brazil and Peru. These regions are not only the source of raw materials but are also developing local processing capabilities to add value before export. South America, therefore, is a critical hub for both supply and initial processing. In terms of consumption, North America and Europe represent the largest markets, driven by well-established natural personal care industries and high consumer awareness of organic and ethically sourced ingredients. The Asia Pacific region is emerging as a high-growth market, fueled by increasing disposable income, the influence of Western beauty trends, and a growing middle class seeking premium personal care products. Each region exhibits distinct regulatory landscapes and consumer preferences, influencing import regulations, marketing claims, and product formulation strategies for market participants.

Company Insights

The competitive landscape includes companies that specialize in natural ingredients and those with a broader portfolio of oils and butters. Prominent players focus on sustainable and ethical sourcing as a core part of their business model. Beraca, a Brazilian company, is a significant supplier known for its biodiversity ingredients and community partnerships. AAK, a global leader in specialty oils and fats, offers murumuru butter alongside its extensive product line, leveraging its supply chain expertise. In the consumer goods space, companies like The Body Shop, owned by Natura &Co, have been instrumental in popularizing murumuru butter through dedicated product collections, highlighting its ethical provenance. Other players include natural ingredient distributors such as Jedwards International, Inc. and Avi Naturals, which supply to various formulators and brands. The strategies of these companies often involve securing long-term supply agreements, obtaining relevant certifications, and investing in consumer education to build brand loyalty.

Recent Developments

The Murumuru butter market has seen several noteworthy developments reflecting broader industry trends. There has been a marked increase in partnerships between cosmetic giants and Brazilian cooperatives to ensure a transparent and sustainable supply chain, often highlighted in corporate sustainability reports. Product innovation continues, with new launches featuring murumuru butter in hybrid categories, such as skincare-makeup products and solid format products that reduce plastic packaging. Furthermore, advancements in extraction technology are being pursued to enhance yield efficiency while preserving the butter's bioactive compounds. The market is also responding to the clean beauty movement, with more brands touting murumuru butter as a key natural alternative to silicones and synthetic emollients in hair care formulations. These developments indicate a market that is dynamically evolving to meet the demands for sustainability, efficacy, and innovation.

Report Segmentation

This comprehensive market report on Murumuru Butter provides a detailed analysis segmented to offer granular insights. The segmentation is structured by type, categorizing the market into refined and unrefined butter, to analyze the demand, pricing, and application differences between these variants. The application segmentation delves into the specific uses within the cosmetics and personal care industry, further broken down into skin care, hair care, and lip care products, as well as its utilization in the food industry and other industrial applications. Geographically, the report segments the market into key regions including North America, Europe, Asia Pacific, South America, and the Middle East and Africa, providing analysis on consumption patterns, growth potential, and regulatory frameworks unique to each area. This multi-faceted segmentation allows stakeholders to identify precise growth pockets, understand competitive dynamics, and make informed strategic decisions based on targeted market intelligence.

FAQs

What is murumuru butter? Murumuru butter is a vegetable fat extracted from the seeds of the Astrocaryum murumuru palm, native to the Amazon rainforest. It is renowned for its rich, creamy texture and high content of beneficial fatty acids.

What are the benefits of murumuru butter for hair? Murumuru butter is highly beneficial for hair as it provides intense moisture, reduces frizz, adds significant shine, and strengthens hair strands without leaving a heavy or greasy residue, making it ideal for various hair types.

Where does murumuru butter come from? Murumuru butter originates from the Amazon Basin, with Brazil being the primary source. The nuts are harvested from wild murumuru palm trees and processed, often through cold-pressing, to produce the butter.

How is murumuru butter used in cosmetics? In cosmetics, murumuru butter is used as a key emollient and thickening agent in formulations for creams, lotions, body butters, lip balms, conditioners, and soaps due to its excellent skin-softening and stabilizing properties.

Who are the leading companies in the murumuru butter market? Leading companies involved in the supply and development of murumuru butter include Beraca, AAK, Jedwards International, Inc., and Avi Naturals, alongside major brands like The Body Shop that feature it prominently in product lines.

Citius Research has developed a research report titled “Murumuru Butter 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

• Murumuru Butter 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 Murumuru Butter 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.

Murumuru Butter Market Segmentation

Market Segmentation

Regions Covered

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

Murumuru Butter Market Analysis

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

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

Murumuru Butter Market Key Stakeholders

Below are the key stakeholders for the Murumuru Butter Market:

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

Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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 Murumuru Butter 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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