Vital Wheat Gluten 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: CR0197428
  • Format: Electronic (PDF)
  • Number of Pages: 220
  • Author(s): Joshi, Madhavi

Report Overview

The Vital Wheat Gluten Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Vital Wheat Gluten Market

(Market Size)
$1.2 billion
$2.1 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 1.2 billion
2030 Market Size USD 2.1 billion
Key Players Archer Daniels Midland, Cargill, Tereos, Roquette, Manildra Group

Market Summary

The vital wheat gluten market is a significant segment within the global food and beverages industry, primarily driven by the increasing demand for plant-based protein sources and meat alternatives. Vital wheat gluten, also known as wheat gluten or seitan, is derived from wheat flour by washing away the starch, leaving a high-protein content substance. It is extensively utilized as a key ingredient in bakery products to enhance texture, elasticity, and volume, as well as in the production of vegetarian and vegan meat substitutes. The market is characterized by a growing consumer shift towards healthier and sustainable dietary patterns, alongside the rising prevalence of gluten-free product misconceptions which paradoxically highlight the importance of gluten in specific applications. Key players in the industry are focusing on expanding production capacities and innovating product formulations to cater to diverse consumer needs across various regions.

Key Highlights

The vital wheat gluten market exhibits several key highlights that underscore its dynamic nature and growth potential. One prominent aspect is the robust demand from the bakery and confectionery sector, where vital wheat gluten is indispensable for improving dough strength and product quality. Additionally, the surge in vegetarianism and veganism globally has propelled the adoption of wheat gluten as a primary protein source in meat analog products. The market is also witnessing increased investments in research and development to enhance the functional properties and application scope of vital wheat gluten. Furthermore, regulatory support for clean label and natural ingredients in food products is fostering market expansion. The presence of established manufacturers and the entry of new players are intensifying competition, leading to product diversification and strategic collaborations to capture larger market shares.

Drivers, Opportunities & Restraints

Several drivers are fueling the growth of the vital wheat gluten market, including the rising consumer awareness regarding protein-rich diets and the expanding popularity of plant-based foods. The increasing incidence of lifestyle diseases has prompted individuals to seek healthier food options, thereby boosting demand for products incorporating vital wheat gluten. Opportunities abound in the development of innovative applications beyond traditional uses, such as in snacks, cereals, and nutritional supplements, which can open new revenue streams. However, the market faces restraints such as the growing prevalence of celiac disease and gluten intolerance, which limit consumption among certain consumer segments. Fluctuations in wheat production and pricing due to climatic conditions and geopolitical factors also pose challenges to market stability. Despite these restraints, the ongoing trend towards sustainable and ethical eating habits presents significant growth prospects for the market.

Concentration Insights

The vital wheat gluten market is relatively concentrated, with a few major players dominating the global landscape. Companies such as Archer Daniels Midland Company, Cargill Incorporated, and Manildra Group are key contributors, leveraging their extensive distribution networks and advanced manufacturing capabilities to maintain competitive edges. These industry leaders focus on vertical integration, controlling everything from raw material sourcing to final product delivery, which enhances their market positioning. Regional concentration is also evident, with North America and Europe being prominent markets due to high consumer awareness and demand for protein-enriched foods. However, emerging economies in Asia-Pacific are rapidly catching up, driven by urbanization, changing dietary habits, and increasing disposable incomes. The concentration dynamics are influenced by factors such as technological advancements, mergers and acquisitions, and strategic partnerships aimed at expanding geographic reach and product portfolios.

Type Insights

In the vital wheat gluten market, products are primarily categorized based on their form and functionality, with organic and conventional types being the main segments. Conventional vital wheat gluten holds a larger market share due to its widespread availability and cost-effectiveness, making it the preferred choice for many industrial applications. Organic vital wheat gluten is gaining traction, fueled by the growing consumer preference for natural and chemical-free products, particularly in developed regions. Both types are utilized across various end-use industries, with conventional variants dominating bakery and meat analog sectors, while organic types are increasingly incorporated into health-focused and premium product lines. The differentiation between types also extends to protein content and purity levels, which influence their suitability for specific applications and target consumer demographics.

Application Insights

Vital wheat gluten finds diverse applications across the food and beverages industry, with the bakery segment being the largest consumer. It is essential in bread, pastries, and other baked goods to improve dough elasticity, water absorption, and overall texture, resulting in superior end products. The meat analog segment is another significant application, driven by the rising demand for plant-based proteins in vegetarian and vegan diets, where vital wheat gluten serves as a key ingredient in products like seitan and mock meats. Other applications include its use in pet foods, nutritional supplements, and processed foods to enhance protein content and functional properties. The versatility of vital wheat gluten allows it to be integrated into various formulations, catering to the evolving needs of health-conscious consumers and food manufacturers seeking innovative ingredients.

Regional Insights

Regionally, the vital wheat gluten market is dominated by North America and Europe, where high consumer awareness about health and wellness, coupled with strong demand for plant-based proteins, drives market growth. The United States and countries in Western Europe are key contributors, supported by robust food processing industries and widespread adoption of vegetarian and vegan lifestyles. The Asia-Pacific region is emerging as a lucrative market, with countries like China, India, and Japan witnessing rapid urbanization, increasing disposable incomes, and shifting dietary preferences towards protein-rich foods. Latin America and the Middle East & Africa are also experiencing gradual growth, fueled by rising health consciousness and expanding food manufacturing sectors. Regional variations in wheat production, regulatory frameworks, and consumer preferences shape market dynamics, influencing import-export patterns and local production strategies.

Company Insights

Prominent companies in the vital wheat gluten market include Archer Daniels Midland Company, Cargill Incorporated, Manildra Group, Roquette Fr?res, and Tereos Syral. These players are recognized for their extensive product portfolios, strong research and development capabilities, and global distribution networks. Archer Daniels Midland Company and Cargill Incorporated leverage their expertise in agricultural processing to produce high-quality vital wheat gluten for various applications. Manildra Group is a key player with significant market presence, focusing on innovation and sustainability. Roquette Fr?res and Tereos Syral emphasize technological advancements and customer-centric approaches to maintain competitiveness. Other notable participants include Pioneer Industries Limited and Zhonghe Group, which contribute to market diversity through specialized offerings and regional focus. These companies engage in strategic initiatives such as expansions, acquisitions, and partnerships to strengthen their market positions and cater to evolving consumer demands.

Recent Developments

Recent developments in the vital wheat gluten market highlight ongoing innovations and strategic movements among key players. Archer Daniels Midland Company has expanded its production facilities to meet growing demand, particularly in North America and Asia-Pacific. Cargill Incorporated has invested in research and development to enhance the functional properties of vital wheat gluten for broader applications in plant-based foods. Manildra Group has focused on sustainability initiatives, reducing environmental impact through efficient processing techniques. Roquette Fr?res has launched new product variants tailored for specific dietary needs, such as organic and non-GMO options. Additionally, there has been an increase in mergers and acquisitions, with companies seeking to consolidate market share and expand geographic reach. These developments reflect the industry's response to consumer trends, regulatory changes, and the need for continuous improvement in product quality and availability.

Report Segmentation

The vital wheat gluten market report is segmented based on type, application, and region to provide a comprehensive analysis of industry dynamics. By type, the market is divided into organic and conventional vital wheat gluten, each catering to different consumer preferences and price points. Application segmentation covers bakery products, meat analogs, pet foods, nutritional supplements, and others, highlighting the diverse uses of vital wheat gluten across various sectors. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, offering insights into regional trends, growth opportunities, and competitive landscapes. This segmentation enables stakeholders to identify key growth areas, understand consumer behavior, and make informed decisions regarding investment, production, and marketing strategies in the vital wheat gluten market.

FAQs

What is vital wheat gluten? Vital wheat gluten is a natural protein derived from wheat, obtained by hydrating wheat flour to activate the gluten and then processing it to remove the starch, resulting in a high-protein substance used in food products.

How is vital wheat gluten used in baking? In baking, vital wheat gluten is added to dough to improve elasticity, strength, and rise, leading to better texture and volume in bread and other baked goods, especially when using low-protein flours.

Is vital wheat gluten vegan? Yes, vital wheat gluten is plant-based and vegan, making it a popular protein source in vegetarian and vegan diets, often used as a meat substitute in products like seitan.

What are the health benefits of vital wheat gluten? Vital wheat gluten is high in protein and low in fat and carbohydrates, supporting muscle repair and growth, though it is not suitable for individuals with celiac disease or gluten intolerance.

Can vital wheat gluten be used as a meat substitute? Absolutely, vital wheat gluten is commonly used to create meat analogs such as seitan, providing a chewy, meat-like texture and high protein content for vegetarian and vegan dishes.

Citius Research has developed a research report titled “Vital Wheat Gluten 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

• Vital Wheat Gluten 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 Vital Wheat Gluten 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.

Vital Wheat Gluten Market Segmentation

Market Segmentation

Regions Covered

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

Vital Wheat Gluten Market Analysis

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

• Overview of Vital Wheat Gluten Market
• Research Methodology
• Executive Summary
• Market Dynamics of Vital Wheat Gluten 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 Vital Wheat Gluten Market
• Cost and Gross Margin Analysis of Vital Wheat Gluten Market
• Vital Wheat Gluten 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 “Vital Wheat Gluten 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.

Vital Wheat Gluten Market Key Stakeholders

Below are the key stakeholders for the Vital Wheat Gluten Market:

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

Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
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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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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 Vital Wheat Gluten 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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