Men Personal Care 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: CR0192307
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Men Personal Care Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Men Personal Care Market

(Market Size)
$45 billion
$75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 7.80%
2023 Market Size USD 45 billion
2030 Market Size USD 75 billion
Key Players L’Oréal, Beiersdorf, Procter & Gamble, Unilever, Estée Lauder

Market Summary

The men personal care market represents a dynamic and rapidly evolving segment within the global consumer goods industry. Historically overshadowed by women's beauty and grooming, this market has experienced a significant transformation driven by shifting societal norms and increased male engagement with skincare and grooming routines. The market encompasses a wide array of products specifically formulated for men, including skincare items like moisturizers, anti-aging creams, and cleansers, hair care products such as shampoos, conditioners, and styling agents, as well as shaving essentials and fragrances. This sector's growth is fundamentally linked to the modern man's increasing desire to project a well-groomed and professional appearance, which is now widely recognized as integral to personal and professional success. The proliferation of digital media and influencer marketing has further normalized and encouraged men's participation in personal care rituals, making it a mainstream and accepted aspect of daily life. Brands are continuously innovating to meet the sophisticated demands of today's male consumer, who seeks efficacy, premium ingredients, and brand authenticity.

Key Highlights

The men personal care market is distinguished by several pivotal developments that underscore its current trajectory and future potential. A primary highlight is the robust expansion of the premium and natural/organic product segments, where consumers demonstrate a willingness to invest in higher-quality, sustainably sourced formulations that deliver tangible results. The direct-to-consumer (DTC) business model has been a game-changer, enabling niche and established brands alike to forge stronger connections with their audience, gather valuable first-party data, and respond swiftly to emerging trends. The influence of e-commerce cannot be overstated; online platforms have become the primary discovery and purchasing channel for many consumers, offering unparalleled convenience and access to a global assortment of products. Furthermore, the market is witnessing a blurring of traditional gender lines in beauty, with a growing emphasis on products that are inclusive and appeal to a broader definition of masculinity. This is complemented by significant investment in research and development focused on addressing specific male skin and hair concerns, such as thicker facial hair and oilier skin types.

Drivers, Opportunities & Restraints

The expansion of the men personal care market is propelled by a confluence of powerful drivers. A major force is the profound shift in cultural perceptions surrounding masculinity and self-care, which has dismantled long-standing stigmas and encouraged open discussion and adoption of grooming products. Rising disposable incomes in emerging economies allow consumers to allocate more spending to non-essential and premium personal care items. The pervasive influence of social media and digital content creators provides constant exposure to new products and grooming techniques, effectively educating and enticing a male audience. Significant opportunities lie in the largely untapped potential of markets in Asia-Pacific and Latin America, where urbanization and western cultural influences are accelerating demand. The development of personalized care regimens, powered by AI and skin diagnostics, presents a frontier for customization and brand loyalty. However, the market faces restraints including intense competition that pressures pricing and margins, and the challenge of consumer skepticism towards marketing claims, demanding greater transparency and clinical validation for products. Economic volatility can also impact discretionary spending on premium grooming products.

Concentration Insights

The competitive landscape of the men personal care market features a blend of well-established multinational corporations and a vibrant ecosystem of agile, digitally-native startups. The market is moderately concentrated, with leading players like Procter & Gamble, Unilever, and L'Or?al leveraging their extensive distribution networks, massive marketing budgets, and portfolio of powerhouse brands like Gillette, Dove Men+Care, and L'Or?al Men Expert to maintain significant market share. These incumbents are increasingly focusing on innovation and brand revitalization to stay relevant. Concurrently, the market has seen a surge of specialist brands such as Harry's, Bulldog Skincare, and Beardbrand, which have successfully carved out substantial niches by focusing on specific consumer needs, authentic brand storytelling, and a strong DTC presence. This has created a competitive environment where deep consumer insight, agility, and the ability to build a loyal community are just as critical as scale. The concentration is evolving as larger players often acquire successful independents to gain access to new audiences and innovative product categories.

Type Insights

The men personal care market is segmented by product type, each demonstrating distinct growth patterns and consumer engagement levels. The skincare category is among the fastest-growing, moving beyond basic aftershaves to encompass sophisticated serums, face masks, eye creams, and sun protection specifically engineered for male skin biology. Consumers are increasingly seeking multifunctional products that offer anti-aging, hydration, and acne control benefits. The hair care segment remains a cornerstone, encompassing not only traditional shampoo and conditioner but also a expanding range of specialized products for beard maintenance, hair loss treatments, and high-performance styling aids. The shaving segment, while mature, continues to innovate with subscription services, advanced razor systems, and complementary pre- and post-shave products designed to enhance the shaving experience and minimize irritation. Finally, the fragrances and deodorants category is experiencing a shift towards more nuanced, artisanal scents and long-lasting, natural formulations, reflecting a desire for individuality and quality in daily grooming.

Application Insights

Application insights reveal how and where men personal care products are purchased and used, highlighting critical commercial channels. The online application or e-commerce segment has witnessed explosive growth, becoming the preferred channel for a large segment of consumers. This is due to the convenience of home delivery, access to extensive product reviews, and the ability to discover niche brands not available in physical stores. Subscription box services have also gained traction within this channel, offering curated product experiences and regular replenishment. Conversely, offline applications, including hypermarkets, supermarkets, specialty stores, pharmacies, and drugstores, continue to play a vital role. These brick-and-mortar outlets offer the immediate gratification of in-person purchases, the ability to physically examine products, and the opportunity for personalized advice from beauty consultants. The modern retail landscape often features a hybrid approach, where consumers research products online but make final purchases in-store, or vice versa, emphasizing the need for brands to maintain a strong omnichannel presence.

Regional Insights

Geographically, the demand for men personal care products exhibits varied dynamics across different regions. North America and Europe represent mature markets characterized by high consumer awareness, established brand loyalty, and a strong presence of both mass-market and premium products. In these regions, growth is driven by product premiumization and the adoption of multi-step skincare regimens. The Asia-Pacific region is undoubtedly the engine of global market growth, fueled by rapidly expanding economies, a huge youth population, increasing westernization of lifestyles, and growing male consciousness about aesthetics and grooming. Countries like China, South Korea, and Japan are particularly influential, often setting trends in skincare innovation. Latin America and the Middle East and Africa are emerging as promising regions with rising disposable incomes, growing urbanization, and increasing penetration of international brands, which are tailoring their offerings to suit local preferences and climatic conditions.

Company Insights

The competitive arena is populated by a diverse mix of companies employing distinct strategies to capture market share. Industry titans such as Procter & Gamble Co. (Gillette), Unilever PLC (Dove Men+Care, Axe), and L'Or?al S.A. (L'Or?al Men Expert) dominate through immense scale, widespread retail distribution, and continuous innovation in their core product lines like razors and shampoos. Beiersdorf AG (NIVEA Men) is another key player with a strong focus on dermatologically-tested skincare. Challenging these incumbents is a new generation of companies that have leveraged digital platforms to build dedicated followings. Edgewell Personal Care (Jack Black), Harry's Inc., and The Beard Club have successfully identified gaps in the market, offering subscription models, transparent branding, and products that speak directly to modern male consumers. These companies compete not only on product efficacy but also on brand values, customer experience, and community building, forcing the entire industry to elevate its engagement strategies.

Recent Developments

The men personal care market is characterized by a fast pace of innovation and strategic maneuvering. A dominant recent development is the accelerated push towards sustainability and clean beauty, with leading brands reformulating products to eliminate harmful chemicals, incorporating natural and organic ingredients, and introducing packaging made from recycled or biodegradable materials. There has been a marked increase in mergers and acquisitions as large conglomerates seek to acquire digitally-native brands to gain instant access to new consumer demographics and innovative product portfolios. Product development has focused heavily on science-backed solutions targeting specific concerns like blue light protection from digital devices, pollution defense, and advanced hair growth technologies. Furthermore, brands are increasingly leveraging technology such as augmented reality for virtual try-ons and AI-driven algorithms to provide hyper-personalized product recommendations, enhancing the online shopping experience and building deeper customer relationships.

Report Segmentation

This comprehensive market research report on the men personal care market provides a detailed and structured analysis to furnish businesses with actionable intelligence. The report is meticulously segmented to allow for a granular understanding of every market facet. The segmentation is based on type, which includes crucial categories such as shaving care, hair care, skin care, fragrances & deodorants, and other emerging product types. It is further broken down by application, distinguishing between online channels like e-commerce websites and brand-owned platforms, and offline channels including supermarkets/hypermarkets, convenience stores, specialty outlets, and others. A critical component of the report is its regional analysis, which offers in-depth coverage of key geographies including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This multi-dimensional segmentation empowers stakeholders to identify precise growth pockets, understand channel dynamics, and tailor their strategies to specific regional consumer behaviors and competitive landscapes.

FAQs

What are the key trends driving the men's personal care market?

The market is primarily driven by the normalization of male grooming, the rise of premium and natural products, the influence of digital media and e-commerce, and a growing demand for multifunctional and personalized skincare solutions.

Which regions show the highest growth potential?

The Asia-Pacific region demonstrates the highest growth potential due to its large population, rising disposable income, increasing influence of Western culture, and growing awareness of personal grooming among men.

Who are the leading players in this market?

Prominent players include Procter & Gamble Co., Unilever PLC, L'Or?al S.A., Beiersdorf AG, and Edgewell Personal Care, alongside successful newer entrants like Harry's Inc. and Bulldog Skincare.

What product categories are growing the fastest?

The skincare category is experiencing the most rapid growth, expanding beyond basic products to include advanced serums, anti-aging creams, and specialized treatments for concerns like acne and sensitivity.

How is e-commerce impacting the market?

E-commerce has revolutionized the market by serving as a primary channel for product discovery, education, and purchase, enabling the rise of direct-to-consumer brands and providing consumers with unparalleled access to a global product range.

What challenges does the market face?

Key challenges include navigating intense competition from both established and new brands, overcoming consumer skepticism regarding product claims, and managing economic factors that can affect spending on discretionary items like premium grooming products.

Citius Research has developed a research report titled “Men Personal Care 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

• Men Personal Care 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 Men Personal Care 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.

Men Personal Care Market Segmentation

Market Segmentation

Regions Covered

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

Men Personal Care Market Analysis

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

• Overview of Men Personal Care Market
• Research Methodology
• Executive Summary
• Market Dynamics of Men Personal Care 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 Men Personal Care Market
• Cost and Gross Margin Analysis of Men Personal Care Market
• Men Personal Care 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 “Men Personal Care 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.

Men Personal Care Market Key Stakeholders

Below are the key stakeholders for the Men Personal Care Market:

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

Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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 Men Personal Care 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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