Wheatgrass Product 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: CR0196085
  • Format: Electronic (PDF)
  • Number of Pages: 187
  • Author(s): Joshi, Madhavi

Report Overview

The Wheatgrass Product Market size was estimated at USD 420 million in 2023 and is projected to reach USD 900 million by 2030, exhibiting a compound annual growth rate (CAGR) of 12.50% during the forecast period (2024-2030).

Wheatgrass Product Market

(Market Size)
$420 million
$900 million
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 12.50%
2023 Market Size USD 420 million
2030 Market Size USD 900 million
Key Players Navitas Organics, Pines International, Amazing Grass, Now Foods, Girmes

Market Summary

The wheatgrass product market is a growing segment within the health-focused food and beverages industry, characterized by increasing consumer awareness of nutritional benefits and wellness trends. Wheatgrass, derived from the young grass of the common wheat plant, is celebrated for its high concentration of vitamins, minerals, antioxidants, and chlorophyll. It is available in various forms including fresh juice, powders, tablets, and capsules, catering to diverse consumer preferences and applications. The market is driven by a shift towards natural and organic products, with demand rising in both developed and emerging economies. Key distribution channels include health food stores, supermarkets, online retailers, and specialty outlets, providing broad accessibility. Companies in this space focus on product innovation, quality assurance, and marketing strategies to highlight health advantages, targeting health-conscious consumers, athletes, and individuals seeking dietary supplements. The competitive landscape features a mix of established brands and emerging players, all striving to capture market share through differentiation and expansion into new geographic regions.

Key Highlights

The wheatgrass product market is distinguished by its strong alignment with global health and wellness movements, emphasizing natural detoxification, immune support, and nutritional supplementation. Key highlights include the product's rich nutrient profile, which includes vitamins A, C, and E, iron, magnesium, and amino acids, making it a popular choice for those seeking holistic health solutions. The market benefits from growing consumer preference for plant-based and organic products, driven by increased health consciousness and environmental concerns. Innovation in product formats, such as convenient single-serve packets and blended superfood powders, enhances consumer convenience and adoption. Additionally, strategic partnerships between manufacturers and retail chains, along with robust online presence, facilitate wider distribution and consumer engagement. The involvement of major health and wellness companies, alongside niche specialists, underscores the market's vitality and potential for continued growth, supported by positive media coverage and endorsements from health influencers.

Drivers, Opportunities & Restraints

Primary drivers of the wheatgrass product market include rising health awareness, increasing incidence of lifestyle-related diseases, and a growing preference for preventive healthcare measures. Consumers are actively seeking natural supplements to enhance their diet and overall well-being, fueling demand. Opportunities abound in product diversification, such as incorporating wheatgrass into functional foods, beverages, and skincare products, expanding its application beyond traditional supplements. Emerging markets in Asia-Pacific and Latin America present significant growth potential due to increasing disposable incomes and urbanization. However, restraints include challenges related to taste preferences, as wheatgrass has a distinct, strong flavor that may not appeal to all consumers. Supply chain inconsistencies, seasonal variability in raw material quality, and higher costs associated with organic certification and sustainable sourcing can also impede market growth. Regulatory hurdles and the need for compliance with food safety standards across different regions add complexity to market expansion efforts.

Concentration Insights

The wheatgrass product market exhibits a moderate level of concentration, with several key players holding significant market share while numerous smaller companies operate in niche segments. Leading companies such as Now Foods, Dynamic Greens, and Pines International have established strong brand recognition and distribution networks, leveraging their expertise in health supplements and organic products. These players often engage in vertical integration, controlling aspects from cultivation to retail, ensuring quality and supply chain efficiency. The market also features a proliferation of local and regional brands that cater to specific demographic or geographic preferences, contributing to a diverse competitive landscape. Concentration is higher in North America and Europe, where consumer awareness and demand are more mature, whereas emerging regions show more fragmented competition with opportunities for new entrants. Strategic initiatives such as mergers, acquisitions, and collaborations are common as companies aim to enhance their product portfolios and geographic reach.

Type Insights

Wheatgrass products are available in several types, each catering to different consumer needs and usage preferences. Powdered wheatgrass is the most popular form, favored for its versatility in smoothies, juices, and recipes, as well as its longer shelf life compared to fresh variants. Tablets and capsules offer convenience for those seeking a quick and easy supplement without the taste of wheatgrass, appealing particularly to busy professionals and travelers. Fresh wheatgrass juice is preferred by health enthusiasts who value maximum nutrient retention and immediate consumption, often available at juice bars and specialty stores. Other emerging types include wheatgrass blends mixed with other superfoods like spirulina or chlorella, enhancing nutritional value and flavor profiles. The choice of type often depends on factors such as convenience, desired health benefits, and personal taste preferences, driving manufacturers to innovate and offer a variety of options to meet diverse consumer demands.

Application Insights

Wheatgrass products find applications across multiple domains within the food and beverages industry, primarily as dietary supplements and functional food ingredients. In the health supplement sector, they are consumed for detoxification, energy boosting, and immune support, often marketed as superfoods. The food industry incorporates wheatgrass powder into products like energy bars, green smoothies, and health drinks, enhancing nutritional content and appealing to health-conscious consumers. In the beverage sector, wheatgrass is a key ingredient in fresh juices, shots, and powdered drink mixes, popular in wellness cafes and retail outlets. Additionally, there is growing interest in using wheatgrass in animal feed and pet nutrition products due to its health benefits. The versatility of wheatgrass allows for cross-industry applications, including cosmetics and skincare, where it is valued for its antioxidant and anti-inflammatory properties, though these segments are still emerging compared to dietary uses.

Regional Insights

The wheatgrass product market demonstrates varying dynamics across different regions, influenced by cultural preferences, health awareness, and economic factors. North America holds a significant share, driven by high consumer health consciousness, well-established health food retail channels, and strong presence of major brands. Europe follows closely, with countries like Germany and the UK showing robust demand for organic and natural supplements supported by stringent regulatory standards favoring quality products. The Asia-Pacific region is experiencing rapid growth due to increasing urbanization, rising disposable incomes, and growing adoption of Western health trends, particularly in countries such as China, India, and Japan. Latin America and the Middle East & Africa are emerging markets, where awareness is gradually increasing, and distribution networks are expanding, though challenges related to affordability and market education remain. Regional differences in regulatory frameworks and consumer behavior shape market strategies, with companies adapting offerings to local tastes and preferences.

Company Insights

Prominent companies in the wheatgrass product market include Now Foods, Dynamic Greens, Pines International, Navitas Organics, and Amazing Grass. Now Foods is recognized for its extensive range of health supplements and commitment to quality assurance, offering wheatgrass in powder and tablet forms. Dynamic Greens focuses on fresh and frozen wheatgrass products, emphasizing organic farming and sustainability. Pines International has a long history in the market, providing wheatgrass tablets and powders with a strong emphasis on nutritional integrity and consumer education. Navitas Organics and Amazing Grass are known for their organic superfood blends, incorporating wheatgrass into products that cater to modern health trends. These companies invest in research and development to enhance product efficacy, explore new applications, and improve cultivation techniques. Competitive strategies often include certifications such as USDA Organic and Non-GMO Project Verified to build consumer trust, along with aggressive marketing and distribution expansion to capture broader audiences.

Recent Developments

Recent developments in the wheatgrass product market highlight ongoing innovation and strategic movements aimed at capturing growth and enhancing market presence. Companies are introducing new product formulations, such as flavored wheatgrass powders and ready-to-drink beverages, to overcome taste barriers and attract a wider consumer base. There is increased investment in sustainable and vertical farming techniques to ensure consistent quality and supply of raw materials, addressing challenges related to seasonal variability. Strategic partnerships and acquisitions are prevalent, with larger health and wellness companies acquiring niche brands to diversify their portfolios and enter new markets. For instance, recent collaborations between wheatgrass producers and retail chains have improved product accessibility in mainstream stores. Additionally, advancements in packaging technology focus on extending shelf life and maintaining nutrient potency, while digital marketing efforts and e-commerce expansions enhance brand visibility and consumer engagement, particularly through social media and influencer partnerships.

Report Segmentation

This market research report on the wheatgrass product market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The segmentation is based on type, including powder, tablets, capsules, and fresh juice, each analyzed for market share, growth potential, and consumer preferences. Application segmentation covers dietary supplements, food and beverages, animal feed, and others, highlighting key trends and opportunities in each sector. Regional segmentation divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with each region examined for unique drivers, challenges, and competitive landscapes. Further breakdown may include distribution channels such as supermarkets/hypermarkets, health stores, online retail, and others, assessing their impact on market accessibility and growth. The report also considers qualitative factors like consumer behavior, regulatory environment, and technological advancements, providing stakeholders with actionable intelligence to inform strategic decisions and identify growth avenues.

FAQs

What are the health benefits of wheatgrass? Wheatgrass is rich in nutrients like vitamins, minerals, and antioxidants, supporting detoxification, boosting immunity, improving digestion, and enhancing energy levels. It is also believed to have anti-inflammatory properties and may aid in reducing cholesterol and blood sugar levels.

How is wheatgrass consumed? Wheatgrass can be consumed in various forms, including as fresh juice, powder mixed into smoothies or water, tablets, or capsules. It is often taken as a dietary supplement or incorporated into health foods and beverages.

Is wheatgrass gluten-free? Yes, wheatgrass is gluten-free because it is harvested from the young grass of the wheat plant before the gluten-forming seeds develop. However, cross-contamination during processing is possible, so those with severe gluten sensitivities should look for certified gluten-free products.

What is the difference between wheatgrass powder and fresh wheatgrass? Wheatgrass powder is dried and ground wheatgrass, offering convenience and a longer shelf life, while fresh wheatgrass is juiced immediately after harvesting, retaining more nutrients but requiring prompt consumption. The choice depends on preference for convenience versus maximum freshness.

Can wheatgrass help with weight loss? Wheatgrass may support weight loss as part of a balanced diet due to its low calorie content, high nutrient density, and ability to promote satiety and metabolism. However, it is not a standalone solution and should be combined with healthy eating and exercise.

Citius Research has developed a research report titled “Wheatgrass Product 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

• Wheatgrass Product 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 Wheatgrass Product 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.

Wheatgrass Product Market Segmentation

Market Segmentation

Regions Covered

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

Wheatgrass Product Market Analysis

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

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

Wheatgrass Product Market Key Stakeholders

Below are the key stakeholders for the Wheatgrass Product Market:

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

Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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 Wheatgrass Product 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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