Hair Styling Products Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0193693
  • Format: Electronic (PDF)
  • Number of Pages: 192
  • Author(s): Joshi, Madhavi

Report Overview

The Hair Styling Products Market size was estimated at USD 18 billion in 2023 and is projected to reach USD 32 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Hair Styling Products Market

(Market Size)
$18 billion
$32 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 18 billion
2030 Market Size USD 32 billion
Key Players L'Oréal, Procter & Gamble, Unilever, Kao, Henkel

Market Summary

The hair styling products market represents a significant and dynamic segment within the global consumer goods industry. This market encompasses a wide array of products designed to style, shape, and hold hair, including gels, mousses, sprays, waxes, creams, and serums. The demand is primarily fueled by evolving fashion trends, increasing consumer focus on personal grooming, and the growing influence of social media and celebrity culture. Manufacturers are continuously innovating to meet consumer expectations for high-performance, long-lasting hold, and added benefits like heat protection and nourishment. The market is characterized by intense competition among established multinational corporations and emerging niche brands, all vying for consumer attention through product innovation, effective marketing strategies, and expansive distribution networks. The shift towards organic, natural, and sustainably sourced ingredients is a prominent trend, reflecting a broader consumer movement towards health, wellness, and environmental consciousness. This evolution is reshaping product formulations and marketing messages across the industry.

Key Highlights

The hair styling products market is distinguished by several key factors that underscore its current trajectory and future potential. A primary highlight is the robust innovation in product formulations, with companies investing heavily in research and development to create products that offer superior performance, such as 24-hour hold, humidity resistance, and added hair care benefits like keratin and argan oil infusions. The rise of the male grooming segment represents another significant highlight, with an expanding range of styling products specifically targeted at men, driving considerable market growth. E-commerce has emerged as a dominant sales channel, providing consumers with convenience, a wider product selection, and detailed reviews, which significantly influences purchasing decisions. Furthermore, the proliferation of professional hairstyling tutorials on digital platforms has democratized expert techniques, encouraging higher product experimentation and consumption among everyday users. Strategic collaborations between brands and celebrity hairstylists or influencers are also a critical tactic for building brand credibility and reaching target audiences effectively.

Drivers, Opportunities & Restraints

The growth of the hair styling products market is propelled by several powerful drivers. Increasing disposable income, particularly in emerging economies, allows consumers to spend more on premium grooming products. The pervasive influence of social media platforms and beauty influencers constantly introduces new trends and creates demand for specific styling products to achieve desired looks. Furthermore, the rising working-class population and the importance of professional appearance in corporate settings sustain consistent demand for reliable styling solutions. Significant opportunities lie in the untapped potential of emerging markets in Asia-Pacific and Latin America, where urbanization and westernization of lifestyles are accelerating. The growing consumer preference for clean-label, vegan, and cruelty-free products opens avenues for brands to differentiate themselves and capture a loyal customer base. However, the market faces restraints including stringent regulations concerning the chemical composition of products, particularly in North America and Europe. The availability of counterfeit products and the high cost associated with premium and organic styling items can also hinder market expansion in price-sensitive regions.

Concentration Insights

The global hair styling products market exhibits a moderately concentrated landscape, dominated by a handful of major multinational players who command significant market share. Key companies such as L'Or?al Professional, Unilever (with brands like Dove and TRESemm?), Procter & Gamble (Pantene, Herbal Essences), and Kao Corporation hold substantial influence through their extensive product portfolios, strong brand recognition, and global distribution capabilities. These giants compete intensely on the basis of product innovation, brand positioning, marketing spend, and strategic acquisitions of promising smaller brands. Alongside these leaders, there is a vibrant ecosystem of specialized and niche brands, including Olaplex, Moroccanoil, and Living Proof, which compete by focusing on specific consumer needs, such as salon-quality results, ingredient purity, or addressing particular hair concerns. This structure creates a competitive environment where large-scale advertising and distribution compete with targeted, authenticity-driven marketing approaches.

Type Insights

The hair styling products market is segmented by type, with each category serving distinct styling needs and consumer preferences. Hairsprays remain a foundational product, valued for their strong hold and ability to set a style in place, with innovations focusing on flexible hold and brushable formulas to avoid stiffness. Styling gels are favored for creating defined looks, such as spikes and slick-backs, and now often include conditioning agents to prevent dryness. Styling creams and waxes are popular for providing pliable hold and texture, offering a more natural finish that is highly sought after in contemporary men's grooming. Mousses are typically used for adding volume and body to hair, especially before blow-drying. A growing category includes finishing products like serums and oils, which are used to tame frizz, add shine, and protect hair from heat styling tools without providing a strong hold. The development of multi-functional products that combine styling with treatment benefits is a key innovation trend across all types.

Application Insights

Application insights for the hair styling products market reveal usage patterns across different contexts and consumer groups. The primary application segment is individual at-home use, where consumers utilize these products for daily styling as part of their personal care routine. This segment is heavily influenced by advertising, online reviews, and recommendations from hairstylists. The professional application segment, encompassing salons and barbershops, is another critical pillar of the market. Salon professionals rely on high-performance, professional-grade products to achieve precise results for their clients, and their recommendations carry significant weight in influencing consumer purchasing decisions. Furthermore, there is a growing application in special occasions such as weddings, photoshoots, and formal events, where demand for premium, long-lasting styling products peaks. The men's grooming application has seen exponential growth, with products specifically formulated for shorter hairstyles and beards becoming increasingly mainstream.

Regional Insights

Regionally, the demand for hair styling products demonstrates distinct patterns. North America and Europe are mature markets characterized by high per capita consumption, a strong presence of leading brands, and consumers who are early adopters of new trends, particularly those related to natural and organic formulations. The Asia-Pacific region is the fastest-growing market, driven by a large youth population, rising disposable incomes, increasing urbanization, and the growing influence of K-beauty and J-beauty trends. Countries like China, India, Japan, and South Korea are major contributors to this growth. Latin America shows strong potential with a culture that highly values personal appearance and hair care, making Brazil and Mexico key markets. The Middle East and Africa present emerging opportunities, though growth can be uneven and is often concentrated in more urbanized and affluent areas. Each region requires tailored marketing strategies that consider local hair types, cultural preferences, and climatic conditions.

Company Insights

The competitive landscape features a mix of global powerhouses and agile niche players. L'Or?al S.A. maintains a leading position through its diverse portfolio that includes L'Or?al Professionnel, K?rastase, and Redken, catering to both salon professionals and retail consumers. Unilever PLC leverages its massive distribution network to market popular brands like Dove, TRESemm?, and Suave. The Procter & Gamble Company competes effectively with its Herbal Essences, Pantene, and Aussie lines. Kao Corporation, with its John Frieda and Jergens brands, holds a significant share, particularly in the Asian market. Henkel AG & Co. KGaA (Schwarzkopf) and Godrej Consumer Products Limited are also key participants with strong regional influences. Notable niche players that have gained considerable traction include Olaplex LLC, known for its bond-building technology, and Amika, which emphasizes vegan and cruelty-free products. These companies compete on innovation, brand storytelling, and effective omnichannel distribution.

Recent Developments

The hair styling products market has been active with strategic moves aimed at capturing growth and responding to consumer trends. A prominent development is the surge in launches of products featuring clean, natural, and sustainably sourced ingredients, with brands reformulating existing lines to eliminate sulfates, parabens, and silicones. Major acquisitions have continued, with large conglomerates acquiring digitally-native and indie brands to gain access to new consumer segments and innovative product technologies. There has been a significant push towards enhancing sustainability, not just in formulations but also in packaging, with many companies introducing refillable containers and using recycled materials. The integration of technology is another key development, including the use of augmented reality for virtual try-ons and AI-powered tools for personalized product recommendations on brand websites and apps. Collaborations with high-profile celebrities, hairstylists, and social media influencers for limited-edition collections remain a popular tactic for generating buzz and driving sales.

Report Segmentation

This comprehensive market research report on the hair styling products industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market dynamics. The segmentation by type categorizes the market into key product categories such as hairsprays, styling gels, mousses, styling creams and waxes, and others including serums and oils. The segmentation by application distinguishes between individual use at home and professional use within salons and barbershops, with further breakdowns often analyzing usage by gender. Distribution channel segmentation is crucial, covering hypermarkets and supermarkets, specialty stores, convenience stores, and the rapidly growing online retail sector. Furthermore, the report provides a detailed geographical segmentation, analyzing the market across key regions including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa, with country-level analysis for major markets within these regions. This multi-faceted segmentation allows for targeted strategic planning and identification of specific growth pockets.

FAQs

What are the current trends in the hair styling products market?

Current dominant trends include a strong consumer shift towards products made with natural, organic, and vegan ingredients, driven by health and environmental concerns. There is also high demand for multi-functional products that offer styling benefits along with hair treatment properties like heat protection, frizz control, and nourishment. The men's grooming segment continues to expand rapidly with specialized products.

How is e-commerce impacting the hair styling products market?

E-commerce has revolutionized the market by providing a platform with unparalleled convenience, a vast product selection, and access to detailed customer reviews that heavily influence purchasing decisions. It allows niche and indie brands to reach a global audience without the need for extensive physical retail networks, thereby increasing competition and consumer choice.

What are the key factors driving growth in this market?

Key growth drivers include rising disposable incomes, particularly in developing nations, which enables spending on premium grooming products. The powerful influence of social media and digital content creators who set and popularize hair trends is also a major driver. Additionally, the growing emphasis on personal appearance in both social and professional contexts sustains consistent demand.

Which regions offer the most growth potential for hair styling products?

The Asia-Pacific region is identified as having the highest growth potential due to its large population, rapidly expanding middle class, increasing western cultural influence, and growing awareness of personal grooming. Latin America and certain parts of the Middle East are also seen as promising emerging markets for future expansion.

Who are the leading companies in the hair styling products market?

The market is led by global consumer goods giants such as L'Or?al S.A., Unilever PLC, The Procter & Gamble Company, and Kao Corporation. These companies possess extensive brand portfolios, significant research and development capabilities, and robust global distribution channels that solidify their market positions.

What is the demand for organic hair styling products?

The demand for organic and naturally derived hair styling products is experiencing robust growth. Consumers are increasingly seeking transparency in ingredients and are opting for products free from harsh chemicals like sulfates, parabens, and synthetic fragrances. This trend is pushing both large and small brands to innovate and expand their clean beauty offerings.

Citius Research has developed a research report titled “Hair Styling Products 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

• Hair Styling Products 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 Hair Styling Products 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.

Hair Styling Products Market Segmentation

Market Segmentation

Regions Covered

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

Hair Styling Products Market Analysis

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

• Overview of Hair Styling Products Market
• Research Methodology
• Executive Summary
• Market Dynamics of Hair Styling Products 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 Hair Styling Products Market
• Cost and Gross Margin Analysis of Hair Styling Products Market
• Hair Styling Products 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 “Hair Styling Products 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.

Hair Styling Products Market Key Stakeholders

Below are the key stakeholders for the Hair Styling Products Market:

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

Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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.
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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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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 Hair Styling Products 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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