Umeshu(Plum Wine) 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: CR0197417
  • Format: Electronic (PDF)
  • Number of Pages: 187
  • Author(s): Joshi, Madhavi

Report Overview

The Umeshu(Plum Wine) Market size was estimated at USD 650 million in 2023 and is projected to reach USD 1.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Umeshu(Plum Wine) Market

(Market Size)
$650 million
$1.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 650 million
2030 Market Size USD 1.1 billion
Key Players Suntory Holdings, Takara Shuzo, Choya Umeshu, Asahi Group, Kirin Holdings

Market Summary

The Umeshu or plum wine market represents a significant and culturally rich segment within the global alcoholic beverages industry. This traditional Japanese liqueur, crafted from steeping ume plums in alcohol and sugar, has transcended its national origins to captivate a growing international audience. The market is characterized by a blend of artisanal heritage and modern commercial production, appealing to consumers seeking authentic and unique flavor experiences. Demand is increasingly driven by the global popularity of Japanese cuisine and culture, alongside a broader consumer shift towards premium and craft spirits. The product's versatility, being enjoyed neat, on the rocks, or as a cocktail mixer, further broadens its appeal across different drinking occasions and demographics. Key markets include Japan, other parts of Asia, North America, and Europe, where distribution is expanding through specialty liquor stores, Japanese restaurants, and major retail chains. The competitive landscape features a mix of long-established breweries and distilleries alongside newer entrants aiming to innovate with flavors and marketing strategies.

Key Highlights

The Umeshu market is distinguished by several pivotal factors that underscore its current trajectory and future potential. A primary highlight is the product's unique positioning at the intersection of tradition and innovation, where centuries-old recipes coexist with contemporary flavor infusions and packaging designs aimed at younger consumers. The health perception associated with the ume plum, often linked to digestive benefits and antioxidant properties, provides a compelling narrative in an era where functional beverages are gaining traction. Another significant highlight is its role as a gateway beverage for newcomers to Japanese alcohol, often perceived as more approachable than sake or shochu due to its sweeter, fruit-forward profile. The market is also witnessing a premiumization trend, with high-end offerings using superior ingredients, longer aging processes, and limited editions commanding higher price points and attracting discerning consumers. Furthermore, the active involvement of major beverage conglomerates and strategic investments in marketing and global distribution networks are crucial highlights accelerating market penetration and brand awareness internationally.

Drivers, Opportunities & Restraints

Market growth is propelled by several powerful drivers, with the escalating global fascination with Japanese food and culture, often termed the "Cool Japan" effect, being paramount. This cultural export stimulates curiosity and trial of traditional beverages like Umeshu. The rising consumer preference for low-alcohol content and flavored alcoholic drinks also serves as a significant driver, aligning perfectly with Umeshu's typical characteristics. Additionally, the growing popularity of home cocktail crafting presents a substantial opportunity for Umeshu as a versatile mixer. Significant opportunities lie in market expansion into untapped regions, product innovation with new fruit infusions and reduced-sugar variants to cater to health-conscious demographics, and leveraging e-commerce platforms for direct-to-consumer sales. However, the market faces notable restraints. These include the seasonality and availability of high-quality ume plums, which can impact production consistency and cost. Regulatory hurdles and varying import duties on alcoholic beverages across different countries can also complicate international expansion and affect final pricing. Furthermore, the market must contend with competition from other fruit wines and liqueurs, as well as the challenge of educating international consumers about the traditional aspects and correct consumption methods of Umeshu to foster deeper adoption.

Concentration Insights

The competitive concentration within the Umeshu market reveals a landscape with a core of dominant, established players and a periphery of smaller, niche producers. The market is relatively concentrated in its homeland of Japan, where a few key companies, often with histories spanning decades, hold significant market share and brand recognition. These major players benefit from extensive distribution networks, economies of scale, and strong relationships with suppliers, which can create barriers to entry for new competitors. However, the market is not monolithic. There is a vibrant segment of smaller, craft producers, including local breweries and distilleries that focus on artisanal, small-batch Umeshu, often using locally sourced plums and traditional methods. These niche players compete on quality, uniqueness, and story-telling rather than price. Internationally, the market concentration is lower, with distribution often handled by importers who may carry a portfolio of brands from various Japanese producers, alongside a few brands that have managed to establish a direct and strong presence in foreign markets through partnerships or owned subsidiaries.

Type Insights

The Umeshu market can be segmented by type, primarily distinguished by the base spirit used in the steeping process and the production methodology. The most traditional and common type is shochu-based Umeshu, where the plum is steeped in shochu, a distilled Japanese beverage. This type is widely popular for its clean taste that allows the plum flavor to shine. Another significant category is sake-based Umeshu, which uses sake as the base alcohol, resulting in a softer, more nuanced flavor profile that appeals to sake enthusiasts. A third prominent type is brandy-based Umeshu, which offers a richer, deeper, and more complex character, often associated with premium and aged offerings. Beyond these, there is a growing segment of innovative types that include Umeshu made with rum or whiskey bases, catering to consumers seeking novel taste experiences. Furthermore, the market includes variations in sweetness levels, from very sweet to dry, and the presence of whole plums inside the bottle, which is often seen as a mark of quality and authenticity.

Application Insights

The application of Umeshu, referring to its primary consumption channels, is diverse and expanding. The dominant application remains direct consumption in food service establishments, particularly Japanese izakayas (pubs) and restaurants worldwide, where it is commonly served chilled or on the rocks as an aperitif or digestif. Retail for home consumption represents another massive application segment, with products sold in supermarkets, liquor stores, and online platforms for consumers to enjoy at their leisure. A rapidly growing application is within the mixology and cocktail sector. Bartenders are increasingly utilizing Umeshu as a key ingredient in creative cocktails, leveraging its sweet and sour profile to balance drinks, which introduces the product to a broader audience that may not typically seek out traditional Japanese liquors. Additionally, Umeshu finds application in cooking and culinary arts, used in sauces, marinades, and desserts, adding a unique umami and fruity acidity to dishes. This versatility across drinking and culinary applications significantly enhances its market potential.

Regional Insights

Regionally, the Umeshu market exhibits distinct patterns of demand and growth. Japan is the undisputed hub, accounting for the largest share of both production and consumption. It is a deeply ingrained part of the drinking culture, with widespread availability and a vast array of brands. The Asia-Pacific region outside Japan, particularly South Korea, China, and Taiwan, represents a major and growing market, driven by geographical proximity, cultural similarities, and a shared appreciation for plum-based products. North America and Europe are key growth frontiers for Umeshu. In these regions, demand is fueled by the proliferation of Japanese restaurants, a growing consumer interest in international and craft spirits, and the influence of wellness trends that appreciate the natural fruit origin of the drink. Market penetration strategies in these Western regions often focus on education, premium positioning, and cocktail-driven marketing. Other regions, such as Oceania and parts of the Middle East, are emerging markets where presence is currently niche but shows potential for growth as global culinary trends continue to evolve.

Company Insights

The Umeshu market features a roster of companies ranging from specialty producers to diversified beverage giants. Leading players from Japan, such as Choya Umeshu, Takara Shuzo Co., Ltd., and Suntory Holdings Limited, are instrumental in shaping the global market. Choya is particularly notable for its extensive range and aggressive international marketing, making it one of the most recognizable brands worldwide. Takara Shuzo is another major force, known for its quality and innovation. Suntory leverages its massive global distribution network to promote its Umeshu offerings alongside its other spirits. Besides these giants, there are esteemed breweries like Matsuyuki Shuzo and Hakugetsuru Sake Brewery Co., Ltd. that produce highly regarded Umeshu, often focusing on craft and regional authenticity. The competitive strategies employed by these companies include continuous product innovation with new flavors and premium lines, strategic marketing campaigns that highlight tradition and quality, and forging strong distribution partnerships both domestically and internationally to expand their global footprint.

Recent Developments

The Umeshu market is dynamic, with recent developments reflecting trends in innovation, sustainability, and market expansion. A prominent trend has been the launch of new flavor variants by leading brands, extending beyond the classic plum to include yuzu, green tea, honey, and even spicy notes to attract a broader palate and encourage repeat purchases. There is a noticeable push towards premiumization, with companies introducing aged Umeshu, single-origin plum varieties, and limited-edition releases packaged in high-end bottles to capture the luxury segment. Sustainability initiatives are also emerging as a key development area, with some producers focusing on organic plum farming, reducing packaging waste, and implementing eco-friendly production processes to appeal to environmentally conscious consumers. In terms of market expansion, companies are increasingly leveraging e-commerce and digital marketing strategies to reach consumers directly, especially in international markets where physical retail presence may be limited. Collaborations with popular restaurants and bars for exclusive offerings and cocktail menus are another strategic development enhancing brand visibility and trial.

Report Segmentation

This comprehensive market research report on the Umeshu market provides a detailed and structured analysis segmented to deliver granular insights. The segmentation is designed to help businesses identify specific opportunities and understand nuanced market dynamics. The report is segmented by type, categorizing the market into key variants such as shochu-based, sake-based, and brandy-based Umeshu, among others, to analyze the demand and growth prospects for each. It is further segmented by application, examining the consumption patterns across direct consumption, retail, and food service channels, including the burgeoning mixology segment. A crucial segmentation is by region, offering a thorough geographical analysis that covers established markets like Japan and emerging high-growth potential markets across North America, Europe, Asia-Pacific, and the rest of the world. This multi-dimensional segmentation allows stakeholders to gain a holistic view of the market, understand regional preferences, identify leading and niche product types, and pinpoint the most lucrative application channels for strategic planning and investment.

FAQs

What is Umeshu made from? Umeshu is a traditional Japanese liqueur primarily made by steeping unripe ume plums in a base spirit, most commonly shochu, and adding rock sugar. The mixture is left to mature for a period of time, allowing the flavors of the plum to infuse into the alcohol, resulting in a sweet, sour, and aromatic beverage.

How do you drink Umeshu? Umeshu is highly versatile and can be enjoyed in several ways. It is most commonly served straight, on the rocks, or mixed with cold water. It is also popularly used as a cocktail mixer, blended with soda water for a refreshing highball, or even enjoyed warm during colder months, similar to sake.

What does Umeshu taste like? Umeshu typically boasts a harmonious balance of sweet and sour flavors, driven by the tartness of the ume plum and the sweetness from the added sugar. The specific taste profile can vary significantly depending on the base spirit used, the type of plum, the sugar content, and the aging period, ranging from light and fruity to rich and complex.

Is Umeshu the same as plum wine? While often referred to as plum wine in English for simplicity, traditional Umeshu is technically a liqueur because it is made by steeping fruit in distilled spirits and adding sugar. True plum wine involves fermenting plum juice, similar to grape wine. The term "Umeshu" specifically denotes the Japanese liqueur preparation method.

Does Umeshu have health benefits? Umeshu is often associated in traditional culture with certain health benefits, primarily linked to the ume plum itself, which contains citric acid believed to aid with fatigue recovery and digestion. However, it is important to note that it is an alcoholic beverage and should be consumed in moderation, as any potential benefits must be weighed against the risks associated with alcohol consumption.

Citius Research has developed a research report titled “Umeshu(Plum Wine) 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

• Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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.

Umeshu(Plum Wine) Market Segmentation

Market Segmentation

Regions Covered

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

Umeshu(Plum Wine) Market Analysis

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

• Overview of Umeshu(Plum Wine) Market
• Research Methodology
• Executive Summary
• Market Dynamics of Umeshu(Plum Wine) 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 Umeshu(Plum Wine) Market
• Cost and Gross Margin Analysis of Umeshu(Plum Wine) Market
• Umeshu(Plum Wine) 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 “Umeshu(Plum Wine) 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.

Umeshu(Plum Wine) Market Key Stakeholders

Below are the key stakeholders for the Umeshu(Plum Wine) Market:

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

Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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 Umeshu(Plum Wine) 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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