Retort Machine 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: CR0210592
  • Format: Electronic (PDF)
  • Number of Pages: 175
  • Author(s): Joshi, Madhavi

Report Overview

The Retort Machine Market size was estimated at USD 1.1 billion in 2023 and is projected to reach USD 2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Retort Machine Market

(Market Size)
$1.1 billion
$2 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 1.1 billion
2030 Market Size USD 2 billion
Key Players JBT Corporation, GEA Group, Bühler, Heat and Control, Marel

Market Summary

The retort machine market is a critical segment within the packaging industry, specializing in equipment used for thermal processing of packaged food and other products to ensure sterility and extended shelf life. These machines utilize a combination of heat and pressure to eliminate microorganisms, making them indispensable for products packaged in flexible pouches, trays, glass jars, and metal cans. The market is driven by the global expansion of the food processing sector, increasing consumer demand for convenient and ready-to-eat meals, and stringent food safety regulations mandating proper sterilization protocols. Technological advancements are leading to the development of more energy-efficient and automated retort systems, enhancing operational efficiency for manufacturers. Key industry players are continuously innovating to offer machines with better control systems, reduced processing times, and improved compatibility with various packaging materials. The market is characterized by a strong presence of established multinational corporations and specialized regional manufacturers, all competing on the basis of technology, product quality, and after-sales service.

Key Highlights

The retort machine market is distinguished by several key factors that underscore its importance and trajectory. A primary highlight is the accelerating shift from traditional rigid packaging like metal cans towards lightweight and sustainable flexible retort pouches. This transition is fueling demand for retort machines specifically designed to handle these advanced materials efficiently. Another significant highlight is the integration of Industry 4.0 principles, with modern retorts featuring sophisticated programmable logic controllers (PLCs), human-machine interfaces (HMIs), and data logging capabilities for precise process control and traceability. The emphasis on energy conservation has led to the popularity of water-saving and energy-efficient retort designs, which help operators reduce their operational costs and environmental footprint. Furthermore, the market is witnessing growing demand from beyond the food industry, including sectors such as pharmaceuticals and pet food, which require sterile packaging solutions. The consistent need for equipment upgrades and replacements in established food processing plants also provides a stable stream of demand for advanced retorting technologies.

Drivers, Opportunities & Restraints

The growth of the retort machine market is propelled by several powerful drivers. The most significant driver is the rising global consumption of convenience foods, ready-to-eat meals, and packaged goods, which require reliable sterilization to ensure safety and longevity. Strict international food safety standards and regulations compel manufacturers to invest in high-quality thermal processing equipment, creating a consistent demand for retort machines. The expansion of the food processing industry in emerging economies presents a substantial growth driver. Opportunities within this market are abundant, particularly in the development of retort systems for new and innovative packaging formats, including sustainable and bio-based materials. There is also a significant opportunity in providing retrofitting services and upgrading older machines with modern automation and control systems. However, the market faces certain restraints. The high initial capital investment required for advanced retort machines can be a barrier to entry for small and medium-sized enterprises. Additionally, the need for specialized technical knowledge for operation and maintenance can pose a challenge. Market fluctuations in raw material costs used for manufacturing the machines can also impact profitability and pricing strategies.

Concentration Insights

The global retort machine market exhibits a concentration of key players in specific geographic and competitive landscapes. From a regional perspective, the market is concentrated in areas with well-established food processing industries, such as North America, Europe, and parts of Asia-Pacific like Japan. However, manufacturing hubs for this equipment are also significantly concentrated in countries like Germany, Italy, and the United States, known for their high-precision engineering. In terms of competitive concentration, the market is moderately consolidated, with a mix of large multinational corporations and smaller specialized firms. Leading companies such as JBT Corporation, Allpax Products, and Steriflow maintain a strong market presence through extensive product portfolios, global distribution networks, and continuous research and development. These players often compete by offering comprehensive solutions, including installation, training, and maintenance services. Alongside these giants, several niche players concentrate on specific machine types or regional markets, competing on customization, price, and agile customer support. This blend of global leaders and specialized manufacturers creates a dynamic and competitive environment.

Type Insights

Retort machines are categorized based on their operational mechanism and orientation, each suited for different production needs and packaging types. The primary types include steam-air retorts, full-water immersion retorts, water spray retorts, and rotary retorts. Steam-air retorts use a mixture of steam and air to create an overpressure environment, making them ideal for processing flexible packages and plastic containers that might distort under pressure. They are valued for their uniform heat distribution and shorter processing times. Full-water immersion retorts submerge product baskets completely in heated water, providing excellent temperature uniformity and are particularly effective for glass jars and metal cans to prevent thermal shock. Water spray retorts utilize nozzles to spray heated water over the products, offering a balance between immersion and steam systems and are known for their efficiency and water usage optimization. Rotary retorts agitate the product during processing, which enhances heat transfer efficiency and significantly reduces process time, making them suitable for viscous products. The choice of retort type is a critical decision for manufacturers, dependent on their product portfolio, packaging format, required throughput, and efficiency goals.

Application Insights

The application of retort machines spans several industries, with the food and beverage sector being the dominant user. Within this sector, the machines are indispensable for sterilizing a wide array of products, including ready-to-eat meals, meat and poultry products, seafood, vegetables, soups, sauces, and dairy products like flavored milk. The technology ensures these products are commercially sterile and safe for consumption at ambient temperatures. Beyond food, the pharmaceutical industry utilizes retort machines for the terminal sterilization of medical devices, surgical instruments, and certain parenteral solutions packaged in glass or plastic. The cosmetics and personal care industry also employs retorting for products that require preservation and are packaged in jars or tubes. Furthermore, the pet food industry is a significant and growing application area, using retort processing for wet food and treats packaged in pouches and cans to ensure product safety and extend shelf life without refrigeration. The versatility of retort technology to accommodate different products and packaging materials underpins its widespread application across these diverse industries.

Regional Insights

The demand for retort machines varies significantly across different global regions, influenced by the maturity of the food processing sector and consumer lifestyles. North America and Europe represent mature markets characterized by a high concentration of food processing giants and a strong demand for convenience foods. These regions are early adopters of advanced automation and energy-efficient retort technologies, driven by stringent food safety regulations and a focus on sustainable operations. The Asia-Pacific region is identified as the fastest-growing market, fueled by rapid urbanization, rising disposable incomes, and the expansion of the organized retail sector. Countries like India, China, and Japan are witnessing massive investments in food processing infrastructure, creating substantial demand for retort machines. Latin America and the Middle East and Africa are emerging markets with growing potential. Their growth is linked to increasing investments in the food processing sector, rising exports of processed foods, and a gradual shift in consumer preferences towards packaged and ready-to-eat food products, necessitating reliable sterilization equipment.

Company Insights

The competitive landscape of the retort machine market features a blend of internationally recognized corporations and specialized engineering firms. Prominent players such as JBT Corporation, with its extensive range of sterilization systems, hold a significant market share due to their global reach and technological expertise. Companies like Allpax Products, a part of the ProMach portfolio, are renowned for their custom-engineered retort systems and control solutions. Other key contributors include Steriflow, which specializes in horizontal and vertical sterilizers, and Lacor Srl, known for its comprehensive lines of food processing equipment. Mitsubishi Heavy Industries Machinery Systems also maintains a strong presence with its advanced technological offerings. Beyond these leaders, numerous specialized companies and regional manufacturers compete effectively by focusing on specific machine types, offering cost-effective solutions, or providing exceptional after-sales service and technical support. The strategic focus for these companies revolves around innovation in automation, energy efficiency, and developing machines that can handle the latest sustainable packaging materials to meet evolving customer demands.

Recent Developments

The retort machine market is continuously evolving, with recent developments focusing on enhancing efficiency, sustainability, and connectivity. A prominent trend is the increased integration of Internet of Things (IoT) technology and data analytics, allowing for real-time monitoring of the sterilization process, predictive maintenance, and seamless data recording for quality assurance and compliance. Manufacturers are launching new models with advanced features such as reduced water and energy consumption, addressing the industry's growing sustainability goals. There is a noticeable development in the design of retorts to better accommodate the processing of products in stand-up pouches and other innovative flexible packaging formats. Strategic mergers and acquisitions continue to shape the market landscape, as larger entities seek to broaden their technological capabilities and geographic footprint. Furthermore, key players are investing in research and development to create more compact and modular retort systems that offer flexibility for smaller batch production runs, catering to the needs of a wider range of food processors, including niche and artisanal producers.

Report Segmentation

This comprehensive market research report on the retort machine market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation is primarily based on type, which includes categories such as steam-air retorts, full-water immersion retorts, water spray retorts, and rotary retorts, each analyzed for their market dynamics and adoption rates. The report further segments the market by application, delving into key end-use industries like food and beverages, pharmaceuticals, cosmetics, and pet food, examining the specific demands and trends within each vertical. A crucial segment is based on capacity, categorizing machines into small, medium, and large-scale systems to address the needs of different-sized operations. Geographically, the report provides an in-depth regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, highlighting regional growth patterns, key contributing countries, and localized market drivers. This multi-faceted segmentation allows stakeholders to identify precise growth pockets, understand competitive intensities in specific segments, and make informed strategic decisions.

FAQs

What is a retort machine used for? A retort machine is a type of pressure vessel used in the food, pharmaceutical, and other industries for the thermal sterilization of products already sealed in their packaging. This process eliminates harmful microorganisms, ensuring the product is safe for consumption and has a long shelf life without refrigeration.

How does a retort machine work? Retort machines work by creating a high-pressure, high-temperature environment using steam, water, or a combination of both. The packaged products are loaded into the vessel, which is then sealed. The temperature is raised to sterilization levels and maintained for a set time before the products are cooled. The overpressure prevents packaging from bursting or deforming during the process.

What are the different types of retort machines? The main types of retort machines are steam-air retorts, full-water immersion retorts, water spray retorts, and rotary retorts. Each type uses a different method of heat transfer (steam, water immersion, water spray) and may include agitation (rotation) to improve efficiency and are chosen based on the packaging material and product characteristics.

What foods are processed in a retort? A wide variety of foods are processed in retorts, including ready-to-eat meals, meats, poultry, seafood, vegetables, soups, sauces, stews, and dairy products. Essentially, any low-acid food that is packaged and requires commercial sterilization to be shelf-stable is a candidate for retort processing.

What is the difference between retort and autoclave? While both retorts and autoclaves use steam and pressure for sterilization, they are designed for different purposes. An autoclave is typically used in medical and laboratory settings to sterilize unpackaged instruments and equipment. A retort is designed specifically for the thermal processing of products already sealed within their final packaging, such as pouches, cans, or jars.

What are retort pouches made of? Retort pouches are typically multi-laminated flexible packages made from layers of plastic films like polyester (PET), nylon (ONY), and polypropylene (PP), and often include a layer of aluminum foil as a barrier against light, oxygen, and moisture. This structure provides the strength and barrier properties needed to withstand the retort process and protect the product.

Citius Research has developed a research report titled “Retort Machine 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

• Retort Machine 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 Retort Machine 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.

Retort Machine Market Segmentation

Market Segmentation

Regions Covered

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

Retort Machine Market Analysis

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

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

Retort Machine Market Key Stakeholders

Below are the key stakeholders for the Retort Machine Market:

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

Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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.
For further details request a free sample copy of this report here.

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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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 Retort Machine 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.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports