Polyphenol 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: CR0196855
  • Format: Electronic (PDF)
  • Number of Pages: 185
  • Author(s): Joshi, Madhavi

Report Overview

The Polyphenol Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Polyphenol Market

(Market Size)
$1.2 billion
$2.8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.8 billion
Key Players Naturex, Indena, Frutarom, Sabinsa, Diana Food

Market Summary

The polyphenol market within the food and beverages industry represents a dynamic and rapidly evolving segment driven by increasing consumer awareness of health and wellness. Polyphenols are naturally occurring compounds found abundantly in plants, known for their antioxidant properties and potential health benefits. The market encompasses a wide array of products, including functional foods, beverages, and dietary supplements, all fortified with these bioactive compounds to cater to the growing demand for nutritious and preventive healthcare solutions. Key sources include fruits, vegetables, tea, coffee, and cocoa, which are extensively processed to extract and incorporate polyphenols into various consumables. The industry is characterized by continuous research and development efforts aimed at discovering new sources and enhancing extraction technologies to improve efficacy and application scope. Major players are strategically focusing on innovation and product diversification to gain a competitive edge and capture larger market shares. The convergence of scientific validation and consumer interest in natural ingredients is fundamentally shaping market dynamics, making it a critical area for investment and growth within the broader food and beverage sector.

Key Highlights

The polyphenol market is distinguished by several pivotal factors that underscore its significance and potential. A primary highlight is the robust scientific backing linking polyphenol consumption to numerous health benefits, such as reduced risk of chronic diseases, anti-inflammatory effects, and enhanced cardiovascular health, which strongly influences consumer purchasing decisions. Another critical aspect is the advancement in extraction and stabilization technologies, enabling manufacturers to produce high-purity polyphenol ingredients with improved bioavailability and shelf stability, thereby expanding their application in various food and beverage matrices. The market is also witnessing a surge in demand for clean-label and organic products, prompting companies to invest in sustainable sourcing and transparent supply chains to meet regulatory standards and consumer expectations. Strategic collaborations between research institutions and industry players are accelerating innovation, leading to the development of novel polyphenol-enriched products that cater to specific health needs and demographic preferences. Additionally, the growing penetration of e-commerce platforms is facilitating easier access to polyphenol-based products, further driving market expansion and consumer engagement on a global scale.

Drivers, Opportunities & Restraints

The growth of the polyphenol market is propelled by several key drivers, primarily the escalating consumer inclination towards preventive healthcare and functional foods that offer additional health benefits beyond basic nutrition. Increasing incidences of lifestyle-related diseases are prompting individuals to seek natural and effective dietary solutions, thereby boosting the demand for polyphenol-rich products. Regulatory support and favorable government initiatives promoting healthy eating habits and natural ingredients further accelerate market development. Significant opportunities lie in the exploration of underutilized plant sources and by-products from the food processing industry, which can be leveraged for polyphenol extraction, promoting sustainability and cost-efficiency. The rising trend of personalized nutrition presents another lucrative avenue, allowing companies to develop tailored polyphenol formulations targeting specific health conditions and consumer segments. However, the market faces certain restraints, including the high cost of advanced extraction technologies and raw material price volatility, which can impact profit margins and product affordability. Additionally, challenges related to the stability and bioavailability of polyphenols in final products necessitate continuous research and innovation to overcome technical hurdles and ensure efficacy.

Concentration Insights

The competitive landscape of the polyphenol market is moderately concentrated, with a mix of established multinational corporations and specialized niche players striving to enhance their market presence through strategic initiatives. Leading companies such as Archer-Daniels-Midland Company, DSM, Naturex, and Ajinomoto Co., Inc. dominate the space, leveraging their extensive R&D capabilities, robust distribution networks, and diverse product portfolios to maintain a competitive advantage. These industry giants are actively engaged in mergers, acquisitions, and partnerships to expand their geographical reach and technological expertise, thereby strengthening their market position. Smaller and medium-sized enterprises are focusing on innovation and specialization, particularly in developing unique polyphenol extracts from novel sources or with enhanced functional properties, to carve out specific market segments. The concentration is also influenced by intellectual property rights and patent protections surrounding extraction methods and applications, which can create barriers to entry for new players. Overall, the market dynamics are shaped by continuous innovation, strategic collaborations, and a strong emphasis on meeting evolving consumer demands for high-quality and efficacious polyphenol ingredients.

Type Insights

Polyphenols are categorized into several types based on their chemical structure and source, each with distinct properties and applications in the food and beverages industry. Flavonoids represent the largest and most diverse group, including subclasses such as flavonols, flavones, flavanones, and anthocyanins, commonly found in fruits, vegetables, tea, and red wine, widely used for their antioxidant and coloring properties. Phenolic acids, including hydroxybenzoic and hydroxycinnamic acids, are prevalent in coffee, berries, and whole grains, valued for their stability and health benefits. Stilbenes, such as resveratrol primarily sourced from grapes and peanuts, are gaining traction for their anti-aging and cardioprotective effects. Lignans, found in seeds, grains, and legumes, are noted for their phytoestrogenic properties and are increasingly incorporated into functional foods targeting hormonal health. Each polyphenol type offers unique functional advantages, influencing their selection for specific applications, from enhancing nutritional profiles to improving sensory attributes like color and taste in final products.

Application Insights

Polyphenols find extensive applications across various segments of the food and beverages industry, driven by their multifunctional benefits. In functional foods, they are incorporated into products such as fortified cereals, snack bars, and dairy alternatives to enhance nutritional value and appeal to health-conscious consumers. The beverage sector is a major application area, with polyphenols being key ingredients in health drinks, teas, juices, and energy drinks, leveraging their antioxidant properties and natural origin for marketing and efficacy. Dietary supplements represent a significant segment, where polyphenols are formulated into capsules, tablets, and powders targeting specific health concerns like inflammation, oxidative stress, and metabolic disorders. Additionally, polyphenols are used as natural preservatives and colorants in processed foods, replacing synthetic additives to meet clean-label demands and regulatory requirements. The versatility of polyphenols allows for innovation in product development, enabling manufacturers to create differentiated offerings that align with current consumer trends towards wellness and sustainability.

Regional Insights

The global polyphenol market exhibits varied dynamics across different regions, influenced by consumer preferences, regulatory frameworks, and agricultural practices. North America holds a substantial share, driven by high consumer awareness of health and wellness, strong demand for functional foods and supplements, and the presence of major market players and advanced research facilities. Europe follows closely, characterized by stringent regulations promoting natural ingredients, a well-established functional food industry, and growing interest in Mediterranean diets rich in polyphenols. The Asia-Pacific region is experiencing rapid growth, fueled by rising disposable incomes, increasing health consciousness, and the traditional consumption of polyphenol-rich products like green tea in countries such as China and Japan. Latin America and the Middle East & Africa are emerging markets, with growing investments in health infrastructure and rising adoption of Western dietary patterns creating new opportunities for polyphenol applications. Each region presents unique challenges and prospects, necessitating tailored strategies for market penetration and expansion.

Company Insights

Prominent companies in the polyphenol market are leveraging their expertise and resources to drive innovation and capture growth opportunities. Archer-Daniels-Midland Company focuses on expanding its portfolio through acquisitions and developing sustainable sourcing practices for plant-based extracts. DSM emphasizes research and development to enhance the bioavailability and efficacy of its polyphenol ingredients, catering to specific health needs. Naturex, a part of Givaudan, specializes in natural ingredient solutions, offering a wide range of polyphenol extracts derived from carefully selected botanicals. Ajinomoto Co., Inc. integrates polyphenols into its amino acid and health product lines, leveraging its strong presence in the functional food sector. Other key players include Indena S.p.A., which is renowned for its patented extraction technologies and high-quality botanical extracts, and Martin Bauer Group, focusing on tea-derived polyphenols and sustainable supply chain management. These companies are actively engaged in strategic initiatives such as partnerships, product launches, and geographic expansion to strengthen their market positions and meet evolving consumer demands.

Recent Developments

The polyphenol market has witnessed several significant developments reflecting the industry's focus on innovation and expansion. Recent advancements include the introduction of novel extraction techniques such as ultrasound-assisted and supercritical fluid extraction, which improve yield, purity, and environmental sustainability. Companies are increasingly investing in clinical trials to validate health claims associated with specific polyphenols, enhancing consumer trust and regulatory compliance. There is a growing trend towards the utilization of waste products from food processing, such as grape pomace and olive mill wastewater, for polyphenol extraction, promoting circular economy practices. Strategic collaborations between ingredient suppliers and food manufacturers are on the rise, aimed at co-developing customized polyphenol solutions for targeted applications. Additionally, market players are expanding their production capacities and establishing new facilities in emerging regions to tap into local sourcing advantages and growing demand. These developments underscore the dynamic nature of the market and the continuous efforts to innovate and adapt to changing industry landscapes.

Report Segmentation

This comprehensive market research report on the polyphenol market is meticulously segmented to provide detailed insights and facilitate informed decision-making. The segmentation is based on type, categorizing polyphenols into flavonoids, phenolic acids, stilbenes, lignans, and others, each analyzed for their market dynamics and application potential. By application, the report covers functional foods, beverages, dietary supplements, and others, examining the demand trends and growth prospects in each segment. Geographical segmentation includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, offering regional analysis of market size, key players, and growth drivers. Additionally, the report provides a detailed competitive landscape, profiling major companies, their market shares, strategies, and recent developments. This structured approach ensures a holistic understanding of the market, enabling stakeholders to identify opportunities, assess risks, and devise effective strategies for growth and competitiveness in the global polyphenol market.

FAQs

What are the main sources of polyphenols? Polyphenols are primarily derived from plant-based sources such as fruits, vegetables, tea, coffee, cocoa, and certain grains and legumes.

What are the health benefits of polyphenols? Polyphenols are known for their antioxidant properties, which help reduce oxidative stress, inflammation, and the risk of chronic diseases like cardiovascular conditions and certain cancers.

How are polyphenols used in the food industry? In the food industry, polyphenols are used as natural antioxidants, preservatives, colorants, and functional ingredients to enhance the nutritional profile and shelf life of products.

What is driving the growth of the polyphenol market? The growth is driven by increasing consumer awareness of health and wellness, demand for natural ingredients, and scientific validation of the health benefits associated with polyphenol consumption.

Which regions are key markets for polyphenols? Key markets include North America and Europe due to high health consciousness, and Asia-Pacific due to traditional consumption and rising disposable incomes.

Citius Research has developed a research report titled “Polyphenol 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

• Polyphenol 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 Polyphenol 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.

Polyphenol Market Segmentation

Market Segmentation

Regions Covered

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

Polyphenol Market Analysis

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

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

Polyphenol Market Key Stakeholders

Below are the key stakeholders for the Polyphenol Market:

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

Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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 Polyphenol 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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