Savory Yogurt 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: CR0195923
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Savory Yogurt Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.4 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.00% during the forecast period (2024-2030).

Savory Yogurt Market

(Market Size)
$1.2 billion
$2.4 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.00%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.4 billion
Key Players Danone, Chobani, General Mills, Nestlé, Fage

Market Summary

The savory yogurt market represents a dynamic and rapidly evolving segment within the broader food and beverages industry, characterized by the introduction of yogurt products that incorporate herbs, spices, vegetables, and other non-sweet flavor profiles. This niche has emerged as a significant innovation, challenging the traditional perception of yogurt as a primarily sweet or fruit-based product. The market caters to a growing consumer base seeking healthier snack alternatives, diverse culinary experiences, and products aligned with specific dietary trends such as high-protein, low-sugar, and probiotic-rich diets. Growth is largely fueled by increasing health consciousness, the influence of global cuisines, and a shift towards functional foods that offer benefits beyond basic nutrition. Manufacturers are actively experimenting with flavors and textures, drawing inspiration from international dishes to create products that appeal to adventurous palates and health-focused individuals alike. The competitive landscape is a mix of established dairy giants and agile startups, all vying for market share through product innovation and strategic marketing.

Key Highlights

The savory yogurt market is distinguished by several key trends that underscore its potential. A primary highlight is the successful repositioning of yogurt from a breakfast or dessert item to a versatile snack or meal component suitable for any time of day. This expansion of usage occasions significantly broadens the market's appeal and consumption frequency. Another critical trend is the strong alignment with the plant-based movement, leading to the development of savory yogurts derived from sources like coconut, almond, soy, and oat, thus capturing the vegan and lactose-intolerant demographics. The emphasis on clean-label ingredients, with no artificial preservatives, colors, or sweeteners, is a non-negotiable attribute for modern consumers and a key product development focus for brands. Furthermore, the incorporation of specific probiotic strains for gut health and added protein for satiety are powerful marketing propositions that resonate with a health-aware audience. The market's growth is also propelled by its presence in foodservice channels, where savory yogurt is used as a base for dips, sauces, and marinades, further embedding it into culinary practices.

Drivers, Opportunities & Restraints

The expansion of the savory yogurt market is propelled by several powerful drivers. Chief among them is the global rise in health and wellness consciousness, prompting consumers to seek out nutritious, functional foods. Savory yogurts, often lower in sugar than their sweet counterparts and rich in protein and probiotics, perfectly fit this demand. The growing popularity of international cuisines, particularly Mediterranean, Middle Eastern, and South Asian, which traditionally feature savory yogurt-based dishes like tzatziki and raita, has familiarized Western palates with these flavors, creating a ready market for commercial products. The flexitarian and vegetarian trends also present a substantial opportunity, as savory yogurt serves as a versatile and protein-rich component in plant-forward meals. However, the market faces notable restraints. A significant challenge is consumer skepticism and the deeply ingrained habit of associating yogurt with sweetness, which can be a barrier to trial and adoption. Flavor development is complex, as achieving a palatable and appealing savory profile is more difficult than creating a sweet one. Furthermore, the market faces competition from other healthy snack categories and the availability of homemade alternatives, which can limit commercial sales potential.

Concentration Insights

The competitive concentration within the savory yogurt market reveals a landscape that is currently moderately concentrated, featuring a blend of multinational food conglomerates and specialized niche players. Large, established companies such as Danone, Chobani, and General Mills leverage their extensive distribution networks, robust R&D capabilities, and strong brand recognition to introduce and scale savory product lines. Their strategy often involves extending well-known brands into new flavor territories. Concurrently, a significant number of smaller, artisanal, and startup companies are driving innovation at a rapid pace. These agile firms, including brands like The Coconut Collaborative and Lavva, often focus on specific claims such as organic, plant-based, or unique global flavors, allowing them to capture dedicated consumer segments. This dynamic creates a market where innovation is high, and competition is intensifying. The concentration is expected to evolve, with potential for consolidation as larger players may seek to acquire successful smaller brands to quickly gain access to novel products and loyal customer bases, thereby increasing market concentration over time.

Type Insights

The savory yogurt market is segmented primarily by type, with a fundamental division between dairy-based and plant-based products. Dairy-based savory yogurts are the traditional foundation of the category, typically made from cow's, sheep's, or goat's milk. These products are valued for their authentic texture, rich protein content, and natural probiotic cultures. They often serve as the base for classic flavor profiles like cucumber and dill, herb-infused varieties, and spicy options. In parallel, the plant-based segment is experiencing explosive growth, driven by vegan, lactose-intolerant, and environmentally conscious consumers. This category utilizes a variety of bases, including coconut milk, which provides a rich and creamy texture; almond milk for a lighter option; soy milk for a high-protein alternative; and emerging bases like oat and cashew milk. Plant-based savory yogurts present a unique formulation challenge to achieve a desirable tangy and savory flavor without the use of dairy, often relying on live cultures and natural flavor systems. The coexistence and competition between these two types significantly enrich the overall market offering.

Application Insights

Savory yogurt finds application across multiple channels, reflecting its versatility as a food product. The most direct application is in the retail sector, where products are sold in supermarkets, hypermarkets, and health food stores for direct consumption as a snack or a light meal. This is the primary volume driver for the market. Beyond the spoon, savory yogurt is increasingly used as a culinary ingredient in households and foodservice establishments. Its applications include serving as a healthier base for dips and spreads, a tangy marinade for meats and vegetables, a cooling topping for spicy dishes like curries and chilies, and a substitute for sour cream or mayonnaise in recipes to reduce fat and calorie content. The food industry also incorporates savory yogurt into prepared meals, dressings, and sauces, adding flavor, moisture, and a health halo to finished products. This diversity in application not only drives volume but also enhances brand visibility and embeds the product into daily eating habits, securing its long-term position in the market.

Regional Insights

The adoption and growth of the savory yogurt market vary significantly by region, influenced by culinary traditions and consumer preferences. In North America and Europe, the market is in a growth phase, driven by innovation and the adoption of global food trends. These regions are characterized by high consumer awareness of health and wellness, which makes them receptive to new product categories like savory yogurt. However, success often depends on effective marketing to overcome the initial novelty factor. In contrast, the Asia Pacific region presents a different dynamic. Countries like India, where traditional savory yogurt preparations such as raita and lassi are dietary staples, represent a mature and vast market. Here, the challenge and opportunity lie in the commercialization and branding of these traditional products for modern retail channels. The Middle East is another significant region, with a deep-rooted culinary tradition of using yogurt in savory dishes. Latin America and Africa are emerging as potential growth markets, where increasing urbanization and exposure to global trends are beginning to spur interest in yogurt products beyond conventional sweet flavors.

Company Insights

The savory yogurt market features a diverse array of companies, from global dairy leaders to innovative specialists. Prominent multinational corporations such as Danone, with its extensive portfolio including Oikos and Light & Fit lines exploring savory notes, and Chobani, known for its Flip platform which could incorporate savory mix-ins, hold significant market influence due to their scale and distribution. General Mills, through its Yoplait brand, also has the capacity to enter this space forcefully. Alongside these giants, a vibrant ecosystem of smaller companies is driving much of the product innovation. Brands like Siggi's have explored savory options, leveraging their reputation for low-sugar, high-protein products. In the plant-based arena, companies such as Kite Hill, Forager Project, and Daiya are developing dairy-free savory yogurt alternatives. These players compete on factors including flavor innovation, ingredient quality (organic, non-GMO, clean label), functional benefits (specific probiotics, added protein), and effective branding that communicates a modern, health-conscious, and culinary-adventurous identity to consumers.

Recent Developments

The savory yogurt market has been marked by a series of strategic recent developments focused on innovation and market expansion. A dominant trend has been the launch of numerous new product lines by both large and small players, experimenting with bold and globally-inspired flavors such as everything bagel, roasted garlic and herb, turmeric and ginger, and chili lime. There has been a significant push towards the plant-based segment, with companies launching savory versions of almond, coconut, and oat-based yogurts to capture the growing vegan and flexitarian demographic. Another key development is the emphasis on packaging innovation, with brands introducing convenient, on-the-go formats like cups with separate compartments for savory toppings such as seeds, spices, and crackers, enhancing the consumer experience. Furthermore, strategic partnerships and acquisitions are occurring as larger corporations seek to buy their way into this trendy category by acquiring successful smaller brands that have already achieved product-market fit and cultivated a loyal following, thereby accelerating their own market entry and growth.

Report Segmentation

This comprehensive market research report on the global savory yogurt market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry landscape. The report is meticulously segmented by type, categorizing the market into dairy-based savory yogurt and plant-based savory yogurt, with further breakdowns by milk source and base ingredient. The application segmentation covers key areas such as direct retail consumption, foodservice usage as an ingredient, and industrial application within prepared foods. A crucial component of the report is the regional segmentation, which delivers an in-depth analysis of market dynamics, growth patterns, and consumer preferences across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, the report includes a detailed company landscape, profiling both leading and emerging players, analyzing their market share, product portfolios, and strategic initiatives. This multi-faceted segmentation provides stakeholders with actionable insights to identify high-growth segments, understand regional nuances, assess the competitive environment, and make informed strategic decisions.

FAQs

What is savory yogurt?

Savory yogurt is a category of yogurt that features non-sweet flavor profiles, incorporating ingredients like herbs, spices, vegetables, salt, and pepper. It is positioned as a healthy snack, dip, or culinary ingredient, often boasting high protein and probiotic content with lower sugar levels compared to traditional fruit yogurts.

What are the health benefits of savory yogurt?

Savory yogurt typically offers several health benefits, primarily as an excellent source of protein, which aids in muscle maintenance and promotes satiety. It is also a natural source of probiotics, beneficial bacteria that support gut health and digestion. Furthermore, most savory yogurts are significantly lower in sugar than sweetened varieties, making them a favorable option for those monitoring their sugar intake.

Which companies are the leading players in the savory yogurt market?

The market includes a mix of large established corporations and innovative smaller brands. Key players exploring or active in this space include major names like Danone, Chobani, and General Mills. Significant contributions also come from specialized and plant-focused companies such as Siggi's, Kite Hill, Forager Project, and The Coconut Collaborative.

How is savory yogurt used in cooking?

Savory yogurt is an extremely versatile culinary ingredient. It is commonly used as a base for creamy dips and spreads like tzatziki or raita. It serves as a tenderizing marinade for meats, a nutritious topping for baked potatoes and chili, a tangy substitute for sour cream or mayonnaise in recipes, and a key component in salad dressings and sauces.

Is savory yogurt popular in specific regions?

Yes, the popularity of savory yogurt has strong regional ties. It is a traditional staple in many parts of Asia, particularly in India with dishes like raita, and across the Middle East. In Western markets like North America and Europe, it is an emerging, fast-growing category driven by health trends and culinary experimentation, rather than a long-standing tradition.

Citius Research has developed a research report titled “Savory Yogurt 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

• Savory Yogurt 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 Savory Yogurt 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.

Savory Yogurt Market Segmentation

Market Segmentation

Regions Covered

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

Savory Yogurt Market Analysis

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

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

Savory Yogurt Market Key Stakeholders

Below are the key stakeholders for the Savory Yogurt Market:

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

Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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 Savory Yogurt 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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