Processed Poultry Meat 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: CR0196873
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The Processed Poultry Meat Market size was estimated at USD 180 billion in 2023 and is projected to reach USD 260 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024-2030).

Processed Poultry Meat Market

(Market Size)
$180 billion
$260 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 5.50%
2023 Market Size USD 180 billion
2030 Market Size USD 260 billion
Key Players Tyson, JBS, Pilgrim's Pride, BRF

Market Summary

The processed poultry meat market represents a significant and expanding segment within the global food and beverages industry, characterized by the transformation of raw poultry through various methods such as cooking, curing, smoking, or adding preservatives and flavorings. This market caters to the growing consumer demand for convenient, ready-to-eat, and protein-rich food products. The industry encompasses a wide array of products including sausages, nuggets, deli meats, and patties, derived primarily from chicken and turkey. Key factors propelling this market include rising disposable incomes, rapid urbanization, and shifting dietary preferences towards animal-based proteins. The supply chain is complex, involving integrators, processors, distributors, and retail outlets, all working to meet stringent safety and quality standards. Continuous innovation in product development, focusing on health and wellness attributes like reduced sodium and antibiotic-free offerings, is a central theme. The competitive landscape is intense, with major players investing heavily in capacity expansion, strategic acquisitions, and branding to capture a larger market share and cater to evolving consumer tastes across different geographies.

Key Highlights

The processed poultry meat market is distinguished by several critical highlights that define its current trajectory and future potential. A paramount trend is the escalating consumer inclination towards convenience foods, which has drastically increased the consumption of processed poultry products that offer ease of preparation. Health and wellness represent another dominant highlight, with a noticeable surge in demand for products perceived as healthier, including those with clean labels, organic certifications, and claims of being free from antibiotics and added hormones. Sustainability and animal welfare concerns are increasingly influencing purchasing decisions, prompting companies to adopt more transparent and ethical sourcing practices. Technological advancements in processing and packaging are enhancing product shelf life, safety, and overall quality, which is crucial for market growth. Furthermore, the expansion of quick-service restaurants (QSRs) and foodservice outlets globally acts as a significant distribution channel, driving volume sales. The market is also witnessing robust growth in emerging economies, where changing lifestyles and dietary habits are creating new consumer bases for processed meat products.

Drivers, Opportunities & Restraints

The growth of the processed poultry meat market is propelled by a confluence of powerful drivers. The primary driver is the increasing global population coupled with rising disposable incomes, particularly in developing nations, which enhances the affordability and consumption of protein-rich foods. Urbanization leads to busier lifestyles, creating a strong demand for convenient and time-saving meal solutions, a niche perfectly filled by processed poultry products. The expansion of retail networks, including hypermarkets, supermarkets, and online grocery platforms, improves product accessibility for consumers. Significant opportunities lie in product innovation, such as developing value-added products with functional benefits, ethnic flavors, and plant-based hybrid alternatives to appeal to a broader demographic. Targeting the health-conscious segment with fortified, low-fat, and high-protein options presents another substantial growth avenue. However, the market faces considerable restraints. Stringent government regulations concerning food safety, labeling, and animal welfare can increase compliance costs. Volatility in raw material prices and feed costs impacts profit margins for producers. Furthermore, growing health concerns related to the high sodium and preservative content in some processed meats, along with the rising popularity of vegan and flexitarian diets, pose challenges to unchecked market expansion.

Concentration Insights

The global processed poultry meat market exhibits a moderately concentrated landscape, dominated by a handful of large multinational corporations that hold significant market share. These industry leaders, including Tyson Foods, JBS S.A., BRF S.A., and Cargill, Incorporated, benefit from extensive vertically integrated operations, controlling everything from breeding and feed production to processing and distribution. This integration provides them with cost advantages and greater control over supply chain quality and safety. Their strong brand recognition, vast distribution networks, and substantial investment in research and development allow them to introduce innovative products and quickly adapt to market trends. However, the market also features a long tail of numerous small and medium-sized enterprises (SMEs) that often compete by specializing in regional delicacies, organic or free-range products, or serving local niche markets. The concentration is highest in North America and Europe, where these giants are headquartered, while markets in Asia-Pacific and Latin America are more fragmented but are experiencing consolidation as larger players acquire local brands to gain a foothold in these high-growth regions.

Type Insights

The processed poultry meat market is segmented by type, primarily into chicken and turkey, with chicken holding a dominant position due to its widespread availability, lower cost, and general consumer acceptance. Processed chicken products are incredibly diverse, encompassing items like sausages, nuggets, frankfurters, deli slices, and ready-to-eat meals. Within this segment, further innovation is seen in product forms such as grilled strips, popcorn chicken, and marinated cuts designed for specific culinary applications. The turkey segment, while smaller, is significant, especially in North America and Europe, where it is often marketed as a leaner and healthier alternative to other processed meats. Processed turkey commonly appears as ground meat, deli slices, sausages, and whole smoked or roasted products, particularly prominent during holiday seasons. Both segments are experiencing a sub-trend of value-addition, where basic cuts are transformed into flavored, pre-cooked, or pre-marinated offerings that command higher price points and cater to the demand for convenience without compromising on taste or perceived quality.

Application Insights

Processed poultry meat finds application across several key channels, primarily segmented into retail/household and foodservice. The retail segment is a major application, where products are sold through various outlets such as supermarkets, hypermarkets, convenience stores, and online retailers for home consumption. This channel thrives on offering a wide variety of products, from frozen nuggets and sausages to chilled ready-to-eat meals and sandwich slices, catering to the daily needs of families and individuals. The foodservice application segment is equally vital and includes sales to hotels, restaurants, cafes, catering services, and most notably, quick-service restaurant (QSR) chains. This channel drives high-volume sales of products like patties for burgers, chicken strips for appetizers, and pre-cooked meat for pizzas and salads. The specifications for foodservice often differ, focusing on consistency, ease of preparation in bulk, and cost-effectiveness. Another growing application is in the industrial sector, where processed poultry meat is used as an ingredient in other food products like soups, frozen dinners, and baby food.

Regional Insights

The demand for processed poultry meat displays distinct regional patterns influenced by cultural preferences, economic development, and dietary habits. North America represents a mature and highly developed market, characterized by high per capita consumption and a strong presence of leading processing companies. Consumer demand here is increasingly shaped by health trends, leading to growth in organic, antibiotic-free, and minimally processed products. Europe is another significant market with strict regulatory standards focusing on animal welfare and food safety. Western European countries show a demand for high-quality, premium products, while Eastern Europe presents growth opportunities driven by rising incomes. The Asia-Pacific region is the fastest-growing market, fueled by rapid urbanization, a growing middle class, and the westernization of diets in countries like China, India, and Japan. The region has a high consumption of street food and a booming QSR industry, which heavily utilizes processed poultry. Latin America and the Middle East and Africa are emerging markets with growing potential, though they are currently more fragmented and influenced by local traditions and economic conditions.

Company Insights

The competitive arena of the processed poultry meat market is led by global powerhouses that have established strong brand equity and extensive operational footprints. Tyson Foods, Inc. stands as a behemoth in the industry, with a vast portfolio spanning fresh and processed chicken products and a massive distribution network primarily in North America. JBS S.A., a Brazilian multinational, is another key player with a significant global presence through its poultry subsidiary, Pilgrim's Pride Corporation, offering a wide range of processed items. BRF S.A., also based in Brazil, is a major global exporter known for brands like Sadia and Perdig?o, focusing on value-added and frozen products. Cargill, Incorporated, through its protein division, is a critical player involved in every stage of the supply chain, providing processed poultry to both retail and foodservice channels globally. Other notable companies include Hormel Foods Corporation, known for its Jennie-O Turkey Store brand, and Koch Foods, Inc. These companies compete on factors such as product quality, brand reputation, price, distribution reach, and continuous innovation to align with consumer trends like sustainability and health.

Recent Developments

The processed poultry meat market is dynamic, with recent developments focusing on expansion, sustainability, and product innovation. Major players have been actively engaging in strategic acquisitions and partnerships to bolster their market position and geographic reach. For instance, there has been a trend of companies acquiring smaller brands that specialize in organic or free-range poultry to cater to the health-conscious consumer segment. Investment in new processing facilities and technological upgrades to enhance efficiency, automation, and food safety protocols is another key development. On the sustainability front, leading companies are making significant commitments to reduce their environmental footprint by implementing water conservation measures, reducing greenhouse gas emissions, and sourcing feed sustainably. Product innovation remains at the forefront, with recent launches including plant-based blended products, air-fried options with lower fat content, and products featuring global and ethnic flavors to attract adventurous consumers. Furthermore, enhancing traceability and transparency through blockchain and other technologies has become a priority to build consumer trust regarding animal welfare and product origin.

Report Segmentation

This comprehensive market research report on the processed poultry meat industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market dynamics. The segmentation by type categorizes the market into key product categories such as chicken and turkey, with further breakdowns into specific product forms like sausages, nuggets, and deli meats to analyze consumption patterns and growth rates for each sub-segment. The application segmentation delves into the key end-use sectors, namely retail/household consumption and the foodservice industry, providing insights into purchasing behavior, distribution channel preferences, and demand drivers unique to each application. Geographically, the report is segmented into major regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for key markets to highlight regional trends, regulatory landscapes, and growth opportunities. This multi-faceted segmentation allows stakeholders to identify niche markets, understand competitive intensity in different segments, and make informed strategic decisions regarding investment, marketing, and expansion.

FAQs

What are the key drivers of the processed poultry meat market? The market is primarily driven by rising consumer demand for convenient and protein-rich food products, urbanization leading to busier lifestyles, growth in disposable income, and the expansion of quick-service restaurants and retail channels globally.

Which companies are the major players in this market? The market is dominated by large multinational corporations including Tyson Foods, Inc., JBS S.A. (through Pilgrim's Pride), BRF S.A., and Cargill, Incorporated. Other significant players include Hormel Foods Corporation and Koch Foods.

What are the different types of processed poultry meat? The market is primarily segmented by type into processed chicken and processed turkey products. These encompass a wide range of items such as sausages, nuggets, patties, frankfurters, deli slices, and ready-to-eat meals.

How is consumer health awareness affecting the market? Growing health consciousness is significantly shaping the market, leading to increased demand for products with clean labels, reduced sodium and fat content, and those that are antibiotic-free, organic, or perceived as minimally processed.

Which region shows the highest growth potential? The Asia-Pacific region is identified as having the highest growth potential for the processed poultry meat market, fueled by economic development, urbanization, changing dietary habits, and the expansion of modern retail and foodservice sectors.

Citius Research has developed a research report titled “Processed Poultry Meat 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

• Processed Poultry Meat 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 Processed Poultry Meat 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.

Processed Poultry Meat Market Segmentation

Market Segmentation

Regions Covered

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

Processed Poultry Meat Market Analysis

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

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

Processed Poultry Meat Market Key Stakeholders

Below are the key stakeholders for the Processed Poultry Meat Market:

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

Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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 Processed Poultry Meat 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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