Sanding Sugar 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: CR0195919
  • Format: Electronic (PDF)
  • Number of Pages: 213
  • Author(s): Joshi, Madhavi

Report Overview

The Sanding Sugar Market size was estimated at USD 320 million in 2023 and is projected to reach USD 650 million by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Sanding Sugar Market

(Market Size)
$320 million
$650 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 320 million
2030 Market Size USD 650 million
Key Players Cargill, Domino Sugar, Tate & Lyle, Südzucker, American Crystal Sugar

Market Summary

The sanding sugar market is a specialized segment within the broader food ingredients industry, primarily serving the bakery and confectionery sectors. This product is characterized by its large, coarse crystals that do not melt easily when exposed to heat, making it ideal for decorative purposes on baked goods, cookies, and candies. The market is driven by consistent demand from both commercial bakeries and home bakers seeking to enhance the visual appeal of their products. Key manufacturers focus on producing a variety of colors and crystal sizes to cater to diverse aesthetic requirements and seasonal trends, such as holidays and celebrations. The market is globally distributed, with significant production and consumption hubs in North America and Europe, though emerging economies in Asia-Pacific are showing increased adoption due to growing disposable incomes and the influence of Western baking trends. The supply chain involves sugar refiners, specialty food ingredient companies, and distributors who ensure product availability for various end-users.

Key Highlights

The sanding sugar market is distinguished by several critical factors that underscore its commercial importance. A primary highlight is the product's unique functional property of heat stability, which allows it to retain its texture and sparkle even after baking, a feature not shared by standard granulated sugars. This has cemented its role as an essential decorative element in quality baked goods. The market exhibits a strong innovation trend, with leading companies continuously expanding their color palettes and introducing naturally derived colorants to meet the growing consumer demand for clean-label products. Furthermore, the market benefits from the robust performance of the broader bakery industry, where visual presentation is directly linked to product premiumization and consumer appeal. The industrial segment remains a major revenue driver, though the direct-to-consumer channel has gained remarkable traction through online retail platforms, making professional-grade decorating sugars accessible to home bakers and small businesses, thereby expanding the overall market reach.

Drivers, Opportunities & Restraints

Growth in the sanding sugar market is propelled by several key drivers. The sustained expansion of the global bakery and confectionery industry, fueled by consumer indulgence trends and the popularity of customized, Instagram-worthy foods, creates a foundational demand for decorative ingredients. The rising disposable income in developing nations allows for greater expenditure on premium and aesthetically pleasing food products. A significant opportunity lies in the development of organic and natural sanding sugars, catering to the health-conscious consumer segment that seeks clean-label options without synthetic dyes. Manufacturers can also explore fortification with vitamins or minerals to add a functional health benefit. However, the market faces notable restraints. The primary challenge is the volatility in the prices of raw sugar, which directly impacts production costs and profit margins. Additionally, increasing health concerns regarding high sugar consumption and the associated regulatory pressures, such as sugar taxes and stricter labeling requirements, pose a threat to market growth by potentially dampening overall demand for sugary decorative products.

Concentration Insights

The competitive landscape of the sanding sugar market is moderately concentrated, featuring a mix of large multinational food ingredient corporations and specialized niche players. A handful of established companies hold significant market share due to their extensive distribution networks, strong brand recognition, and diverse product portfolios that extend beyond sanding sugar into other baking essentials. These key players compete on factors such as product quality, consistency of crystal size, vibrancy and range of colors, and brand reputation. Alongside these giants, there is a vibrant segment of smaller, often regional, manufacturers and private-label producers who compete effectively by offering competitive pricing, customized solutions, or specializing in organic and all-natural product lines. This structure ensures a dynamic market environment with continuous innovation in colors, textures, and sourcing to meet evolving consumer and industrial demands, while also maintaining a balance between global reach and localized supply.

Type Insights

The sanding sugar market is segmented by type, primarily distinguished by color and sourcing. The most fundamental segmentation is between white/neutral sanding sugar and colored varieties. White sanding sugar is a staple, valued for its pure, sparkling appearance that mimics frost or snow, making it a year-round favorite. The colored segment is more dynamic and is further divided into sub-categories based on the source of coloration. Traditionally, colored sanding sugars used synthetic FD&C dyes to achieve bright, consistent hues. However, a growing and influential segment now utilizes natural colorants derived from sources like turmeric, beet juice, spirulina, and paprika. This shift is a direct response to the powerful clean-label trend, where consumers and large food manufacturers alike are actively seeking to eliminate artificial ingredients from their products. The natural segment, though sometimes offering less vibrancy, commands a premium price and is experiencing faster growth rates compared to the conventional segment.

Application Insights

Sanding sugar finds its primary application across several key areas within the food industry, with the bakery sector being the dominant user. In commercial bakeries, it is extensively used for decorating cookies, cupcakes, doughnuts, muffins, and specialty breads, adding visual appeal that can justify a higher price point. The confectionery industry is another major application area, where it is used to coat chocolates, gumdrops, and other sweets to prevent sticking and enhance their appearance. Beyond these, a significant and growing application is in the catering and hospitality sector for decorating desserts and pastries served in restaurants, hotels, and cafes. The rise of home baking, fueled by social media and DIY culture, has also created a substantial consumer-grade application. This segment purchases smaller quantities through craft stores, supermarkets, and online platforms, using the product for birthday cakes, holiday treats, and other special occasions, thereby broadening the market's base beyond purely industrial usage.

Regional Insights

The demand for sanding sugar exhibits distinct regional patterns influenced by culinary traditions, economic development, and consumer preferences. North America and Europe represent the largest and most mature markets. These regions have well-established baking cultures, high consumer spending on premium food products, and a strong presence of major manufacturing companies, making them hubs for both consumption and innovation. The Asia-Pacific region is identified as the fastest-growing market, driven by rapid urbanization, the growing influence of Western dietary habits, and the expansion of retail chains and bakeries. Countries like China, India, and South Korea are seeing increased adoption of decorative baking ingredients. Latin America and the Middle East & Africa are emerging markets with growing potential. Their growth is linked to economic development, the gradual penetration of international bakery chains, and a rising middle class that is increasingly engaging in home baking and celebrating occasions with decorated confectionery.

Company Insights

The sanding sugar market features a competitive arena with players ranging from global food giants to specialized ingredient suppliers. Prominent companies such as Wilton Brands, a leader in the cake decorating space, and Dr. Oetker, a major food manufacturer, have significant brand equity and extensive product lines that include sanding sugars. Kerry Group and Sensient Technologies are key players operating from the ingredient supplier side, providing colors and decorative solutions to industrial food producers. Associated British Foods, through its divisions, is also a formidable participant given its vast experience in sugar production. Alongside these, successful specialized companies like The Sugar Art and CK Products focus intensely on the crafting and professional decorating community, often offering a wider array of colors and specialty products. Private label brands offered by large retailers also capture a considerable market share by providing cost-effective alternatives, ensuring a competitive and diverse landscape for end-users.

Recent Developments

The sanding sugar market has witnessed several noteworthy developments reflecting broader industry trends. A major focus has been on portfolio expansion towards clean-label and natural products. Leading companies have launched new lines of sanding sugars colored exclusively with fruit, vegetable, and plant extracts to meet the robust demand for products free from artificial dyes. Sustainability has also moved to the forefront, with initiatives aimed at improving the sustainability credentials of packaging, often shifting towards recyclable or reduced-plastic materials. Furthermore, there has been a noticeable increase in strategic acquisitions and partnerships, as larger firms seek to acquire niche brands with strong positions in the natural or organic segments to quickly gain market share and expertise. The e-commerce channel has been significantly bolstered, with companies enhancing their direct-to-consumer websites and partnerships with online craft and baking retailers to improve accessibility and product discovery for home bakers and small businesses.

Report Segmentation

This comprehensive market report on sanding sugar provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation by type categorizes the market into white and colored sanding sugar, with further breakdowns often distinguishing between those made with natural versus artificial colorants. Application segmentation is critical, dividing the market into key end-use sectors such as industrial bakery, industrial confectionery, food service, and retail consumers. The geographical segmentation offers a regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for major markets within these regions. An additional segmentation may focus on distribution channels, analyzing sales through direct business-to-business channels, supermarkets/hypermarkets, specialty stores, and the rapidly growing online retail segment. This multi-faceted segmentation allows stakeholders to identify precise growth pockets, understand competitive dynamics in specific segments, and tailor their strategies accordingly.

FAQs

What is a good substitute for sanding sugar?

A suitable substitute for sanding sugar is coarse sugar or pearl sugar, as they share similar large crystal sizes that resist melting. For a visual effect, crushed rock candy or even sprinkles can sometimes be used, though the texture and melting properties will differ.

Does sanding sugar dissolve?

Sanding sugar is specifically designed to dissolve very slowly. Its large, coarse crystals have a high resistance to heat and moisture, which is why they remain intact and sparkly on baked goods after coming out of the oven, unlike finer sugars that would dissolve.

What is the difference between sanding sugar and regular sugar?

The primary difference lies in the crystal size and functionality. Sanding sugar has much larger, coarse crystals that reflect light for a sparkling effect and do not melt easily. Regular granulated sugar has fine to medium-sized crystals that dissolve readily and are used for sweetening, not decorating.

Can you make sanding sugar?

While difficult to perfectly replicate the large, uniform crystals of commercial sanding sugar at home, a coarse sugar can be made by pulsing regular granulated sugar in a food processor for a very short time to break it into larger, irregular pieces. It will not have the same consistency as professionally produced product.

How long does sanding sugar last?

When stored properly in an airtight container in a cool, dry place away from direct sunlight and moisture, sanding sugar has an exceptionally long shelf life, often lasting indefinitely. The main concern is not spoilage but the potential for the sugar to clump together if exposed to humidity.

Citius Research has developed a research report titled “Sanding Sugar 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

• Sanding Sugar 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 Sanding Sugar 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.

Sanding Sugar Market Segmentation

Market Segmentation

Regions Covered

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

Sanding Sugar Market Analysis

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

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

Sanding Sugar Market Key Stakeholders

Below are the key stakeholders for the Sanding Sugar Market:

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

Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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 Sanding Sugar 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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