Sunflower Seeds 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: CR0196017
  • Format: Electronic (PDF)
  • Number of Pages: 218
  • Author(s): Joshi, Madhavi

Report Overview

The Sunflower Seeds Market size was estimated at USD 5.2 billion in 2023 and is projected to reach USD 11 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Sunflower Seeds Market

(Market Size)
$5.2 billion
$11 billion
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 5.2 billion
2030 Market Size USD 11 billion
Key Players Conagra Brands, Giant Snacks, Chinook Seedery, David Seeds, Frito-Lay

Market Summary

The sunflower seeds market represents a significant and growing segment within the global food and beverages industry, characterized by steady demand driven by their nutritional profile and versatile applications. Sunflower seeds are primarily cultivated for their oil content and for direct consumption as a snack food, with key producing regions including Ukraine, Russia, Argentina, and several European nations. The market encompasses a diverse value chain from agricultural production and processing to distribution and retail, catering to both consumer packaged goods and industrial ingredient sectors. Industry dynamics are influenced by agricultural yields, commodity pricing, and evolving consumer preferences towards healthy and natural snack alternatives. The processed forms include roasted and salted seeds, kernels, oil, and meal, each serving distinct market channels. This market is integral to the broader edible nuts and seeds category, demonstrating resilience and potential for value-added product development to meet modern dietary trends.

Key Highlights

The sunflower seeds market is distinguished by several key factors that underscore its commercial importance. The high vitamin E and healthy fat content in sunflower seeds positions them favorably within the health and wellness trend, driving consumption among health-conscious demographics. Product innovation is a critical highlight, with manufacturers expanding into new flavor profiles, organic offerings, and convenient packaging formats to capture market share. The industry is also marked by significant vertical integration among leading agribusinesses, which control large portions of the supply chain from seed breeding to packaged product distribution. Sustainability and traceability have emerged as pivotal themes, with companies increasingly investing in responsible sourcing practices to meet consumer and regulatory expectations. Furthermore, the use of sunflower meal as a high-protein animal feed additive adds a crucial revenue stream, enhancing the overall economics of sunflower processing and contributing to a circular economy within the sector.

Drivers, Opportunities & Restraints

Market growth is propelled by powerful drivers, including the global shift towards plant-based nutrition and the increasing popularity of snacking. The recognition of sunflower seeds as a source of essential nutrients like selenium and magnesium supports their inclusion in functional foods and dietary supplements. A significant opportunity lies in expanding into emerging economies where disposable incomes are rising, and Western snacking habits are being adopted. The development of new product applications, such as sunflower seed butter as an alternative to nut spreads, also presents a substantial growth avenue. However, the market faces notable restraints. Production is highly susceptible to climatic volatility, with droughts or excessive rainfall in key growing regions impacting yield and quality, leading to price instability. Furthermore, stringent food safety regulations and quality standards across different countries can pose challenges for international trade and market entry for new players, potentially limiting expansion.

Concentration Insights

The global sunflower seeds market exhibits a moderate level of concentration, with a mix of large multinational corporations and numerous regional players. A handful of major agribusiness and food processing giants, such as Conagra Brands, PepsiCo (through its Frito-Lay division), and Archer Daniels Midland, hold considerable market share due to their extensive distribution networks, strong brand portfolios, and control over significant processing capacities. These companies often have a global footprint, sourcing raw materials from multiple regions. Alongside these leaders, there is a vibrant ecosystem of smaller, specialized companies and cooperatives that focus on specific niches, including organic, non-GMO, or locally-sourced products. This structure creates a competitive landscape where scale and efficiency compete with specialization and premium branding. Mergers and acquisitions activity is ongoing as larger entities seek to consolidate market position and gain access to new technologies or distribution channels.

Type Insights

The market is segmented by type, primarily distinguished by the variety of sunflower seed and its intended use. The two main categories are oilseed and confectionery sunflower seeds. Oilseed varieties are cultivated predominantly for crushing to produce sunflower oil, which is a major edible oil globally prized for its light taste and high smoke point. These seeds have a black hull and a high oil content. Confectionery sunflower seeds, characterized by their striped hull, are grown for direct human consumption as snack foods. This segment includes a wide array of products such as in-shell seeds that are roasted and seasoned, as well as hulled kernels which are used as ingredients in bakery products, cereals, trail mixes, and nutrition bars. The demand dynamics for each type are distinct, with oilseed prices closely tied to the vegetable oil commodity market, while confectionery seeds are more influenced by consumer snack food trends and retail performance.

Application Insights

Sunflower seeds find application across a diverse spectrum within the food and beverages industry, demonstrating their versatility. The most prominent application is in the snack food segment, where roasted and flavored in-shell seeds are a popular product. Hulled kernels are a key ingredient in the bakery and confectionery industry, added to bread, muffins, granola, and chocolate bars for texture and nutritional enhancement. A rapidly growing application is in the production of sunflower seed butter, which serves as a nutritious and allergen-friendly alternative to peanut and tree nut butters. Beyond direct food consumption, a substantial portion of the harvest is processed for oil extraction. Sunflower oil is a staple cooking oil in many parts of the world and is also used in the manufacturing of margarine, mayonnaise, and other dressings. The by-product of oil extraction, sunflower meal, is a valuable high-protein component used in livestock and poultry feed formulations.

Regional Insights

The production and consumption of sunflower seeds display distinct regional patterns. Eastern Europe, particularly Ukraine and Russia, dominates global production, accounting for a massive share of the world's sunflower oil and seed output. This region benefits from favorable climatic conditions and vast agricultural land dedicated to this crop. South America, with Argentina as a key producer, is another major exporting region. In terms of consumption, Europe and North America represent mature markets with high per capita consumption of snack seeds and sunflower-based products. The Asia-Pacific region is identified as a high-growth market, driven by increasing urbanization, rising health awareness, and the growing influence of Western food cultures. Countries like China, India, and Turkey are witnessing expanding domestic production to meet rising local demand, while also remaining significant importers of sunflower oil. Regional preferences also vary, influencing factors like favored flavors and packaging sizes.

Company Insights

The competitive landscape features a roster of established players with significant influence. Leading companies include Conagra Brands, known for its David Seeds brand which is a major player in the North American snack seed market. PepsiCo's Frito-Lay division holds a strong position with its popular snack products. Archer Daniels Midland and Cargill are pivotal as major agricultural processors and traders, involved in the sourcing, crushing, and global distribution of sunflower seeds and oil. Limagrain is a notable player focused on seed breeding and agriculture. Beyond these giants, successful specialized companies like Giant Snacks and Chinova Brands have carved out significant market share through targeted branding and product innovation. These companies compete on factors including brand recognition, product quality, distribution network reach, supply chain efficiency, and the ability to innovate with new flavors and healthier product formulations, such as low-sodium or organic options.

Recent Developments

The sunflower seeds market is continuously evolving, with recent developments reflecting broader industry trends. A major focus has been on sustainability, with leading companies announcing initiatives for sustainable sourcing, water conservation, and reducing the carbon footprint of their supply chains. There has been a notable surge in product launches featuring clean-label attributes, such as non-GMO project verification, organic certification, and simple ingredient lists with no artificial preservatives. Flavor innovation remains intense, with manufacturers introducing exotic and spicy flavors to cater to adventurous consumers. In the realm of technology, companies are investing in advanced processing equipment to improve yield, efficiency, and product quality. Furthermore, the market has seen increased marketing efforts emphasizing the health benefits of sunflower seeds, aligning with the wellness movement. Geopolitical events in key producing regions have also significantly impacted trade flows and global pricing, prompting companies to diversify their sourcing strategies.

Report Segmentation

This comprehensive market research report on the sunflower seeds market provides a detailed analysis segmented across multiple dimensions to offer granular insights. The segmentation by type categorizes the market into oilseed and confectionery sunflower seeds, analyzing the production, pricing, and demand trends for each. Application segmentation delves into the various end-uses, including direct consumption snacks, bakery and confectionery ingredients, oil extraction, and animal feed. The report further provides a geographical segmentation, offering detailed analysis for key regions and major countries within North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. This regional analysis covers production statistics, consumption patterns, import-export dynamics, and regulatory landscapes. An additional segmentation may focus on product form, such as in-shell, kernel, butter, and oil, as well as by distribution channel, covering supermarkets/hypermarkets, convenience stores, online retail, and others. This multi-faceted segmentation allows for a thorough understanding of the market dynamics at every level.

FAQs

What are the health benefits of sunflower seeds?

Sunflower seeds are a nutrient-dense food, offering significant health benefits. They are an excellent source of vitamin E, a powerful antioxidant that supports skin health and immune function. They are also rich in selenium, magnesium, and healthy fats, particularly linoleic acid. Regular consumption is associated with supporting cardiovascular health, reducing inflammation, and providing a good source of plant-based protein and fiber, which aids in digestion and promotes satiety.

Which country is the largest producer of sunflower seeds?

Ukraine and Russia are consistently the world's largest producers of sunflower seeds, collectively accounting for a predominant share of global production. These countries possess vast areas of agricultural land with ideal growing conditions for sunflowers. Their massive output primarily serves the global vegetable oil market, making them crucial exporters of sunflower oil, while also supplying significant quantities of seeds for the confectionery and snack industries worldwide.

What is the difference between black oil and striped sunflower seeds?

The primary difference lies in their cultivation purpose and physical characteristics. Black oil sunflower seeds have a solid black hull and are cultivated specifically for oil production due to their high oil content. Striped sunflower seeds, also known as confectionery seeds, have a distinctive striped hull and a larger kernel. They are primarily grown for direct human consumption as snack foods, as they are easier to shell and are considered to have a superior flavor for eating.

How are sunflower seeds used in cooking?

Sunflower seeds are incredibly versatile in cooking. Hulled kernels can be eaten raw or roasted for a richer flavor. They are commonly sprinkled on salads, yogurt, and oatmeal for added crunch and nutrition. They are a key ingredient in granola, bread, muffins, and energy bars. Ground sunflower seeds can be used as a gluten-free alternative to breadcrumbs or to make sunflower seed butter. The oil is widely used for frying, baking, and in salad dressings.

What is driving the growth of the sunflower seeds market?

Market growth is predominantly driven by the increasing consumer shift towards healthy snacking and plant-based nutrition. The recognition of sunflower seeds as a wholesome source of essential vitamins, minerals, and healthy fats aligns perfectly with modern wellness trends. Furthermore, product innovation in flavors and formats, the growth of sunflower seed butter as a popular allergen-friendly spread, and expanding retail distribution in emerging economies are all significant factors contributing to the market's expansion.

Citius Research has developed a research report titled “Sunflower Seeds 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

• Sunflower Seeds 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 Sunflower Seeds 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.

Sunflower Seeds Market Segmentation

Market Segmentation

Regions Covered

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

Sunflower Seeds Market Analysis

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

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

Sunflower Seeds Market Key Stakeholders

Below are the key stakeholders for the Sunflower Seeds Market:

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

Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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 Sunflower Seeds 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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