Sports Food 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: CR0195998
  • Format: Electronic (PDF)
  • Number of Pages: 188
  • Author(s): Joshi, Madhavi

Report Overview

The Sports Food Market size was estimated at USD 18 billion in 2023 and is projected to reach USD 35 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 10.50% during the forecast period (2024-2030).

Sports Food Market

(Market Size)
$18 billion
$35 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 10.50%
2023 Market Size USD 18 billion
2030 Market Size USD 35 billion
Key Players Glanbia, Abbott, Nestlé, PepsiCo, Post Holdings

Market Summary

The sports food market represents a specialized segment within the broader food and beverages industry, catering to athletes, fitness enthusiasts, and health-conscious consumers seeking nutritional support for physical activity and recovery. This market encompasses a wide array of products scientifically formulated to enhance performance, boost energy, and aid muscle repair. The core product categories include energy bars, protein powders, sports drinks, and nutritional gels, all designed to meet the specific dietary needs associated with strenuous exercise and training regimens. The increasing global participation in sports and fitness activities, coupled with a rising awareness of the importance of targeted nutrition, serves as the primary foundation for this market's existence and growth. Consumer demand is increasingly driven by a desire for products that are not only effective but also made from clean, natural, and transparently sourced ingredients. The market is characterized by continuous innovation, with manufacturers developing new formulations that cater to specific dietary preferences, including vegan, gluten-free, and lactose-free options. This dynamic environment makes the sports food market a highly competitive and rapidly evolving space.

Key Highlights

The sports food market is distinguished by several key trends that underscore its current trajectory and future potential. A significant highlight is the robust innovation in product development, where companies are increasingly focusing on plant-based proteins, such as those derived from pea, rice, and hemp, to appeal to the growing vegan and vegetarian demographic. Another critical trend is the premiumization of products, with consumers showing a willingness to pay more for items featuring organic certifications, non-GMO labels, and added functional benefits like enhanced recovery or cognitive support. The direct-to-consumer sales channel has also emerged as a powerful force, allowing brands like Ghost and RxBar to build strong communities and gather valuable consumer data directly. Furthermore, the blurring lines between sports nutrition and general wellness mean these products are no longer exclusively for athletes but are also consumed by everyday individuals seeking a healthy, active lifestyle. This expansion of the target audience significantly broadens the market's scope and opportunity.

Drivers, Opportunities & Restraints

The growth of the sports food market is propelled by a confluence of powerful drivers. The most prominent is the escalating global health and wellness movement, which encourages individuals to adopt healthier lifestyles, including regular exercise and better nutrition. The proliferation of fitness centers, the popularity of athletic events, and the influence of social media fitness influencers further amplify this trend. A significant opportunity lies in personalization, where advancements in technology could allow for products tailored to an individual's specific physiology, fitness goals, and dietary restrictions. Emerging markets in Asia-Pacific and Latin America present substantial growth opportunities due to rising disposable incomes and increasing health awareness. However, the market also faces notable restraints. Stringent government regulations concerning health claims and ingredient safety can impede product launches and innovation. Furthermore, the high cost of research, development, and premium ingredients often results in higher retail prices, which can limit market penetration in price-sensitive consumer segments. Competition from conventional healthy snacks and whole foods also poses a persistent challenge.

Concentration Insights

The competitive landscape of the sports food market features a mix of well-established multinational corporations and agile, innovative niche players, leading to a moderately concentrated market structure. Large entities such as Glanbia, The Coca-Cola Company, and PepsiCo wield significant influence through their extensive distribution networks, robust marketing budgets, and portfolios of trusted brands like Optimum Nutrition and Gatorade. These incumbents benefit from economies of scale and strong retailer relationships. Concurrently, the market has seen a surge of smaller, digitally-native brands that have successfully carved out substantial market share by focusing on specific consumer niches, clean labels, and authentic brand storytelling. Companies like Clif Bar & Company and Grenade have demonstrated that agility and a direct connection with consumers can compete effectively against larger rivals. This dynamic creates a competitive environment where innovation, brand authenticity, and effective supply chain management are critical differentiators for success.

Type Insights

The sports food market is segmented by type, with each category serving distinct nutritional purposes and consumer needs. Sports drinks represent a foundational category, designed primarily for hydration and electrolyte replenishment during prolonged physical activity. Energy bars and gels are formulated to provide a quick and convenient source of carbohydrates for immediate energy boost before or during exercise. The largest and most dynamic segment is protein-based products, which include powders, ready-to-drink shakes, and bars. These products are essential for muscle protein synthesis and recovery post-exercise. Within this segment, whey protein continues to hold a dominant share due to its complete amino acid profile, but plant-based proteins are experiencing the fastest growth, driven by dietary trends and sustainability concerns. Other product types include amino acid supplements, weight management products, and creatine, each catering to highly specific athletic and body composition goals.

Application Insights

The application of sports foods is broadly categorized based on the intended use and timing of consumption relative to physical activity. Pre-workout nutrition involves consuming products designed to maximize energy stores and increase endurance; these often contain caffeine, beta-alanine, and nitric oxide precursors. During-workout application focuses on maintaining hydration and energy levels, typically through the consumption of isotonic sports drinks and easily digestible carbohydrate gels. The most significant application segment is post-workout recovery, where the primary goal is to repair muscle tissue and replenish glycogen stores. This is predominantly achieved through the intake of protein-rich shakes and bars. Beyond these core athletic applications, a growing segment of consumers uses these products for general wellness, meal replacement, and healthy snacking throughout the day, indicating a significant broadening of the traditional use case for sports nutrition products.

Regional Insights

The demand for sports food products exhibits distinct regional variations influenced by economic development, cultural attitudes toward fitness, and dietary habits. North America, particularly the United States, has historically been the largest and most mature market, characterized by high consumer awareness, a strong fitness culture, and the presence of major global brands. Europe follows closely, with countries like Germany and the United Kingdom showing robust markets driven by health consciousness and high participation rates in sports. The Asia-Pacific region is identified as the fastest-growing market, fueled by a burgeoning middle class, increasing health expenditure, and the growing influence of Western lifestyles in countries such as China and India. Latin America and the Middle East and Africa are emerging as promising regions with untapped potential, though market growth is often tempered by economic volatility and lower per capita disposable income in certain areas.

Company Insights

The sports food market is populated by a diverse array of companies employing varied strategies to capture market share. Leading players include Glanbia plc, with its powerful portfolio featuring brands like Optimum Nutrition and BSN; Clif Bar & Company, renowned for its organic and natural energy bars; and Post Holdings, Inc., owner of the PowerBar brand. The Coca-Cola Company and PepsiCo maintain a strong presence primarily through their iconic sports drink brands, Gatorade and Gatorade (owned by PepsiCo) and BodyArmor, respectively. Abbott Laboratories is another key player with its Ensure and EAS lines. The competitive intensity is heightened by successful niche brands such as Grenade, known for its high-protein, low-sugar Carb Killa bars, and Vega (acquired by Danone), a pioneer in plant-based nutrition. These companies compete fiercely on factors including product efficacy, ingredient quality, brand positioning, taste, and distribution reach.

Recent Developments

The sports food market is continuously shaped by recent strategic developments as companies adapt to evolving consumer demands and competitive pressures. A dominant theme has been a wave of mergers and acquisitions, as large food and beverage conglomerates seek to acquire innovative brands to quickly gain access to new product categories and consumer demographics. There has been a significant push towards sustainability, with companies investing in eco-friendly packaging solutions, such as compostable wrappers for bars and recyclable containers for powders, to appeal to environmentally conscious consumers. Formulation innovation remains relentless, with a clear focus on reducing sugar content, eliminating artificial additives, and incorporating novel functional ingredients like adaptogens, collagen, and MCT oil for added health benefits. Furthermore, brands are increasingly leveraging digital marketing and e-commerce platforms to engage directly with their consumer base, gather real-time feedback, and drive personalized marketing campaigns.

Report Segmentation

This comprehensive market research report on the sports food market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The report is systematically segmented by type, categorizing the market into key product groups such as sports drinks, protein powders, energy bars, and nutritional gels to analyze the size, growth trends, and competitive dynamics within each category. It is further segmented by application, examining usage across pre-workout, during-workout, post-workout recovery, and general health segments. Distribution channel segmentation provides insights into sales through supermarkets/hypermarkets, specialty stores, online retail, and convenience stores. Geographically, the report offers a thorough regional analysis covering North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, highlighting key growth drivers, challenges, and opportunities specific to each region. This multi-faceted segmentation allows for a strategic and nuanced assessment of the market.

FAQs

What are the best plant-based protein sources for athletes?

Excellent plant-based protein sources for athletes include pea protein, which is rich in iron and branched-chain amino acids; brown rice protein, known for its easy digestibility; and hemp protein, which provides a good balance of omega-3 and omega-6 fatty acids. Soy protein remains a popular complete protein option, while blends that combine multiple plant sources are often formulated to create a complete amino acid profile, making them highly effective for muscle recovery and growth.

How do energy gels work during endurance sports?

Energy gels work by delivering a highly concentrated and rapidly digestible source of carbohydrates, typically in the form of simple sugars like maltodextrin and fructose. This provides a quick boost of glucose to the bloodstream, which muscles use as fuel to prevent depletion of glycogen stores and stave off fatigue during prolonged endurance activities such as long-distance running or cycling. They are designed for easy consumption and minimal digestive distress during intense physical exertion.

What is the difference between whey and casein protein?

The primary difference between whey and casein protein lies in their digestion and absorption rates. Whey protein is a fast-digesting protein, leading to a rapid spike in amino acid levels in the bloodstream, making it ideal for consumption immediately after a workout to kickstart muscle recovery. Casein protein, on the other hand, is slow-digesting, coagulating in the stomach and providing a slow, steady release of amino acids over several hours, which is often recommended as a bedtime protein to aid muscle repair throughout the night.

Are sports drinks better than water for hydration?

Sports drinks are not universally better than water for hydration. For short-duration or low-intensity exercise, water is perfectly sufficient for rehydration. Sports drinks become beneficial during prolonged, intense physical activity lasting longer than 60 minutes, as they are designed to replenish electrolytes (like sodium and potassium) lost through sweat and provide carbohydrates for energy, which plain water cannot do. For the average person engaged in moderate activity, water remains the best and most efficient choice for hydration.

What should I look for in a pre-workout supplement?

When selecting a pre-workout supplement, key ingredients to look for include caffeine for increased energy and focus, beta-alanine to help buffer muscle acid and delay fatigue, and citrulline malate to improve blood flow and nutrient delivery to muscles. It is equally important to scrutinize the label for proprietary blends that hide specific ingredient amounts, excessive sugar content, and artificial additives. Consumers should choose a product whose ingredient profile aligns with their specific fitness goals and tolerance to stimulants.

Citius Research has developed a research report titled “Sports Food 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

• Sports Food 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 Sports Food 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.

Sports Food Market Segmentation

Market Segmentation

Regions Covered

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

Sports Food Market Analysis

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

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

Sports Food Market Key Stakeholders

Below are the key stakeholders for the Sports Food Market:

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

Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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 Sports Food 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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