Pinot Noir 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: CR0195799
  • Format: Electronic (PDF)
  • Number of Pages: 198
  • Author(s): Joshi, Madhavi

Report Overview

The Pinot Noir Market size was estimated at USD 5.2 billion in 2023 and is projected to reach USD 10.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.00% during the forecast period (2024-2030).

Pinot Noir Market

(Market Size)
$5.2 billion
$10.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.00%
2023 Market Size USD 5.2 billion
2030 Market Size USD 10.5 billion
Key Players Moët & Chandon, Veuve Clicquot, Laurent-Perrier, Taittinger, Pommery

Market Summary

The Pinot Noir market represents a significant and dynamic segment within the global wine industry, renowned for its premium positioning and consumer appeal. This grape variety, often termed a 'heartbreak grape' due to its difficult cultivation, thrives in specific cool-climate regions which impart its characteristic delicate and complex flavor profile. The market is characterized by a strong presence of both Old World producers, such as those in Burgundy, France, and New World entrants from regions like California's Sonoma Coast and New Zealand's Central Otago. Consumer demand is largely driven by a growing appreciation for high-quality, terroir-driven wines and an increasing interest in wine education and sommelier culture. The market is highly fragmented with a mix of large-scale commercial wineries and small, artisan producers, each catering to different consumer segments and price points. Distribution channels are diverse, encompassing traditional retail, specialty wine shops, on-trade establishments like restaurants and bars, and a rapidly growing e-commerce sector.

Key Highlights

Key highlights of the Pinot Noir market include its exceptional resilience and ability to command premium prices, often outperforming other red wine varietals in value growth. The wine is celebrated for its food-friendly nature, pairing exceptionally well with a wide range of cuisines from poultry and seafood to earthy dishes like mushrooms, which broadens its appeal in the culinary world. A notable trend is the exploration of new terroirs outside traditional regions, with winemakers in countries like Germany, Chile, and even England successfully producing acclaimed Pinot Noir, expanding the geographic diversity of supply. Sustainability and organic viticulture are becoming increasingly critical differentiators, with many leading producers prominently marketing their environmentally conscious farming and production practices to attract a discerning consumer base. Furthermore, the rise of wine tourism has created an additional revenue stream, with many Pinot Noir-focused wineries developing sophisticated visitor experiences, tastings, and wine club memberships to foster brand loyalty and direct-to-consumer sales.

Drivers, Opportunities & Restraints

The primary drivers propelling the Pinot Noir market are shifting consumer preferences towards premiumization and experimentation, with drinkers increasingly seeking out nuanced, story-driven wines over bulk-produced alternatives. The widespread influence of media, including films and social media, has significantly raised the profile and desirability of Pinot Noir among a younger demographic. Significant opportunities exist in emerging markets across Asia-Pacific and Latin America, where a growing middle class is developing a taste for imported wines. The development of new clones and advanced viticultural techniques also presents opportunities to cultivate Pinot Noir in a wider range of climates, potentially mitigating some production risks. However, the market faces considerable restraints, primarily the inherent viticultural challenges of the grape, which is susceptible to disease and extremely sensitive to climate variations, leading to vintage inconsistency and supply volatility. High production costs associated with its hands-on cultivation and low yields directly translate to higher retail prices, which can limit its market penetration in price-sensitive segments. Furthermore, intense competition from other premium red varietals like Cabernet Sauvignon and Malbec remains a persistent challenge.

Concentration Insights

The concentration landscape of the Pinot Noir market is distinctly bifurcated. On one end, there is a high degree of fragmentation with a vast number of small, family-owned estates and boutique wineries, particularly in its historic European heartlands. These producers often focus on ultra-premium, single-vineyard offerings that emphasize terroir expression and command very high prices. On the other end, the market features a concentration of large, well-capitalized wine conglomerates such as Constellation Brands and Treasury Wine Estates. These companies control significant volumes of production through owned estates and broad portfolios of brands, leveraging economies of scale for wider distribution across mass-market and premium channels. This structure creates a competitive environment where large players compete on brand strength and distribution reach, while smaller players compete on quality, authenticity, and exclusivity. The distribution channel is also concentrated, with a few key importers and distributors in each country often controlling access to the most sought-after labels and regions.

Type Insights

The Pinot Noir market can be segmented by type based on style, production method, and quality tier. The most fundamental distinction is between still wine and sparkling wine, with Pinot Noir being a crucial component in many Champagne and traditional method sparkling wines from around the world. Within still wines, there is a spectrum from lighter-bodied, fruit-forward styles typical of newer wine regions to the more structured, earthy, and complex bottles from Old World regions like Burgundy, which are further classified into hierarchical appellations from regional to Grand Cru. Another growing category is ros? made from Pinot Noir, known for its delicate color and crisp, dry profile. In terms of production methods, there is a clear and growing segment of wines made from organically or biodynamically grown grapes, appealing to the environmentally conscious consumer. Additionally, a niche but notable segment includes orange wines, where Pinot Noir grapes are fermented with their skins, creating a unique, tannic style.

Application Insights

Pinot Noir finds its application across several key channels within the food and beverage industry. The primary application is in the residential segment, where consumers purchase bottles for at-home consumption through retail stores, wine clubs, and online platforms. The second major application is in the on-trade sector, which includes full-service restaurants, hotels, and bars. Here, Pinot Noir is a staple on wine lists due to its versatility with food, often recommended by sommeliers to pair with diverse menus. The variety is also a critical component in the production of premium sparkling wines, constituting a significant application within the winemaking industry itself. Furthermore, Pinot Noir is increasingly used in the culinary world for cooking, reducing into sauces for dishes like coq au vin, and is also featured in wine tourism experiences such as tastings and vineyard tours. Its application is expanding into new product development, including wine-based cocktails and ready-to-drink formats, though these represent a smaller portion of the overall market.

Regional Insights

The production and consumption of Pinot Noir are globally dispersed with distinct regional characteristics. France, specifically the Burgundy region, is the historical epicenter and benchmark for quality, with its meticulously classified vineyard system producing the world's most coveted and expensive examples. The United States, particularly California and Oregon, is a major force in the New World, with regions like the Russian River Valley and Willamette Valley earning international acclaim for their distinct expressions of the grape. New Zealand has emerged as a powerhouse, with Marlborough and Central Otago producing vibrant, fruit-driven styles that have gained massive popularity. Other notable producing regions include Germany, where it is known as Sp?tburgunder, Chile, Australia, and Italy. From a consumption perspective, traditional markets like the United States and Western Europe show mature, stable demand, while emerging markets in Asia, particularly China, are displaying rapid growth as wine culture develops and disposable incomes rise.

Company Insights

The competitive landscape of the Pinot Noir market features a diverse array of companies ranging from historic family-owned domaines to global beverage corporations. Prominent players include Maison Louis Jadot and Domaine de la Roman?e-Conti from Burgundy, which are synonymous with ultra-premium quality and tradition. From the United States, leading companies such as Duckhorn Vineyards, Cakebread Cellars, and Domaine Serene have established strong reputations for their New World interpretations. Constellation Brands, through its extensive portfolio that includes Robert Mondavi Winery, and Treasury Wine Estates, which owns brands like Etude, represent the large-scale corporate side of production. From New Zealand, companies like Villa Maria and Felton Road are recognized leaders. These companies compete not only on the quality and provenance of their wine but also on branding, distribution network strength, and their ability to tell a compelling story about their terroir and winemaking philosophy to connect with consumers.

Recent Developments

The Pinot Noir market has witnessed several pivotal recent developments reflecting broader industry trends. A significant focus has been on climate change adaptation, with wineries investing in research into drought-resistant rootstocks, canopy management techniques, and acquiring vineyard land in cooler, higher-elevation sites to preserve the grape's acid structure. There has been a marked acceleration in the adoption of sustainable, organic, and regenerative viticulture practices, with many prominent estates achieving certification to meet consumer demand for environmentally responsible products. Technological advancements in precision viticulture, using drones and sensors to monitor vine health, are becoming more widespread to optimize quality and manage risks. In the realm of marketing and sales, the pivot towards direct-to-consumer channels through enhanced e-commerce platforms, virtual tastings, and robust wine club subscriptions has been a critical development, allowing producers to build stronger relationships with their customers and improve margins.

Report Segmentation

This comprehensive market research report on the Pinot Noir market provides a detailed segmentation analysis to offer a granular understanding of the industry dynamics. The report is segmented by type, analyzing the market for still wine, sparkling wine, and other emerging styles, providing insights into consumption patterns and growth prospects for each category. It is further segmented by application, examining the distinct dynamics within the residential/retail, on-trade, and winemaking sectors. A critical geographical segmentation delivers an in-depth regional analysis, covering key production and consumption regions including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. This section provides valuable data on regional production volumes, import-export trends, regulatory landscapes, and consumer preference shifts. The company landscape segment profiles major players, analyzing their market share, key brands, business strategies, and recent activities such as mergers, acquisitions, and new product launches.

FAQs

What food pairs best with Pinot Noir?

Pinot Noir is renowned for its exceptional food-pairing versatility. Its moderate tannins and bright acidity make it an ideal companion for a wide array of dishes. Classic pairings include roasted poultry like duck and chicken, grilled salmon and other fatty fish, and earthy ingredients such as mushrooms and truffles. It also pairs wonderfully with charcuterie boards and soft, creamy cheeses like Brie.

What is the difference between Pinot Noir and other red wines?

The primary differences lie in the body, tannin level, and flavor profile. Compared to bolder reds like Cabernet Sauvignon or Syrah, Pinot Noir is typically lighter in body, color, and tannins. It offers more delicate and complex aromas of red berries, cherries, and earthy notes, as opposed to the dark fruit and powerful structure of many other red varietals.

Which country produces the most Pinot Noir?

While France is the historic home and producer of some of the most prestigious Pinot Noir, the United States is a leading producer by volume, with significant plantings in California and Oregon. Other major producing countries include Germany, where it is known as Sp?tburgunder, New Zealand, Australia, and Italy.

Why is Pinot Noir more expensive?

Pinot Noir commands higher prices primarily due to its difficult cultivation. The grape is thin-skinned and highly susceptible to disease and climate variations, resulting in lower, less reliable yields compared to other varieties. This scarcity, combined with the meticulous hands-on labor required in both the vineyard and the winery to produce quality wine, drives up production costs significantly.

Can Pinot Noir be aged?

Yes, high-quality Pinot Noir from reputable producers and strong vintages has excellent aging potential. While many are made for early drinking, premium examples from regions like Burgundy or California can evolve beautifully for a decade or more, developing more complex tertiary aromas of forest floor, leather, and spice while retaining their fruit character.

Citius Research has developed a research report titled “Pinot Noir 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

• Pinot Noir 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 Pinot Noir 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.

Pinot Noir Market Segmentation

Market Segmentation

Regions Covered

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

Pinot Noir Market Analysis

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

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

Pinot Noir Market Key Stakeholders

Below are the key stakeholders for the Pinot Noir Market:

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

Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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 Pinot Noir 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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