Pet Grooming 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: CR0192382
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Pet Grooming Products Market size was estimated at USD 8.5 billion in 2023 and is projected to reach USD 15 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2024-2030).

Pet Grooming Products Market

(Market Size)
$8.5 billion
$15 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.50%
2023 Market Size USD 8.5 billion
2030 Market Size USD 15 billion
Key Players Wahl, Andis, Oster, Hertzko, Chris Christensen

Market Summary

The pet grooming products market is a dynamic and expanding segment within the consumer goods industry, characterized by its direct response to the growing humanization of pets and the increasing perception of pets as family members. This market encompasses a wide array of products designed to maintain the hygiene, health, and appearance of companion animals, including shampoos, conditioners, brushes, clippers, and specialized solutions for dental care, ear cleaning, and flea and tick control. The demand is primarily driven by pet owners' heightened awareness of pet health and wellness, alongside a rising disposable income that allows for premium expenditures on pet care. The market demonstrates robust activity across both offline channels like pet specialty stores and veterinary clinics, and online e-commerce platforms, which have significantly broadened product accessibility and consumer choice. Innovation in product formulations, such as organic, natural, and hypoallergenic ingredients, is a central theme, catering to the evolving consumer preference for safe and sustainable products. The competitive landscape is fragmented, featuring a mix of large multinational corporations and smaller niche players, all striving to capture market share through product diversification, strategic marketing, and extensive distribution networks.

Key Highlights

The pet grooming products market is distinguished by several key factors that underscore its current trajectory and future potential. A predominant highlight is the unwavering trend of premiumization, where consumers increasingly opt for high-value, specialized products that promise enhanced benefits for their pets' coat, skin, and overall well-being, often at a higher price point. This is closely linked to the proliferation of product innovation, with companies heavily investing in research and development to introduce offerings with advanced features, such as waterless or no-rinse formulas, aromatherapy-infused shampoos, and ergonomically designed tools for ease of use. The expansion of distribution channels, particularly the robust growth of e-commerce, has been instrumental in market expansion, providing consumers with convenience, a wider selection, and competitive pricing. Furthermore, the market is witnessing a significant surge in demand for products tailored for specific pet needs, including solutions for sensitive skin, different coat types, and various animal breeds, reflecting a move towards hyper-personalization in pet care. The influence of social media and pet influencers in shaping consumer preferences and promoting grooming as an essential aspect of pet ownership also stands as a critical highlight, driving brand awareness and trial.

Drivers, Opportunities & Restraints

The growth of the pet grooming products market is propelled by a confluence of powerful drivers. The most significant driver is the rising pet ownership rates globally, coupled with the deepening emotional bond between owners and their pets, which translates into a greater willingness to spend on pet care and maintenance. Increased awareness regarding pet health and hygiene, often promoted by veterinarians and pet care professionals, encourages the regular use of grooming products to prevent skin disorders, parasites, and other health issues. The growing disposable income in emerging economies presents a substantial opportunity for market players to expand their footprint and introduce premium product lines to a new consumer base. However, the market does face certain restraints. The high cost associated with premium and specialized grooming products can limit their adoption among price-sensitive consumer segments. Furthermore, the market is susceptible to economic downturns, which can lead to reduced discretionary spending on pet care. Stringent regulations concerning the safety and labeling of chemical ingredients in grooming products also pose a challenge for manufacturers, requiring continuous compliance and potential reformulation efforts.

Concentration Insights

The competitive concentration within the pet grooming products market reveals a landscape that is moderately fragmented. The market features a core group of established, multinational players such as Central Garden & Pet Company, Spectrum Brands Holdings, and Hartz Mountain Corporation that hold significant market share due to their extensive brand portfolios, strong distribution capabilities, and considerable marketing resources. These industry leaders compete intensely on the basis of brand reputation, product innovation, and geographic reach. Alongside these giants, there exists a vibrant ecosystem of small and medium-sized enterprises and private label brands that compete effectively by focusing on niche segments, offering organic or natural products, or providing specialized solutions for specific pet types. This concentration dynamic fosters a highly competitive environment where innovation, pricing strategies, and effective channel management are critical for success. The presence of both global and regional players ensures a diverse product offering but also leads to intense price competition, particularly in the mass-market segment.

Type Insights

The pet grooming products market is segmented by type into various categories, each catering to specific grooming needs. Shampoos and conditioners represent the largest and most fundamental product category, with a vast array of formulations available, including medicated, oatmeal-based, flea and tick, whitening, and deodorizing variants. The demand for natural and organic ingredients in these products is a dominant trend. Tools and equipment constitute another major segment, encompassing brushes, combs, nail clippers, hair trimmers, and dryers. Innovation in this category is focused on cordless technology, quieter motors for pet anxiety reduction, and designs that ensure safety and efficiency. Another critical type includes healthcare products such as ear cleaners, eye wipes, and dental care kits, which are gaining traction as pet owners become more proactive about preventive health. Furthermore, the market for sprays, colognes, and detangling agents is growing, driven by the desire for pets to not only be clean but also smell pleasant and have tangle-free fur.

Application Insights

Application insights for the pet grooming products market are primarily distinguished by the type of animal. The market is overwhelmingly dominated by products designed for dogs, which account for the largest share of expenditure. This is due to the high population of dogs as pets and their generally higher grooming requirements compared to other animals. The application segment for cats is also substantial and is experiencing rapid growth, fueled by increasing cat ownership and a growing awareness of the importance of grooming for feline health, including hairball control. Beyond dogs and cats, there is a niche but stable application for other pets such as birds, rabbits, and horses. Products for these animals are often more specialized and may be distributed through different channels, such as equestrian stores or avian specialty shops. The application of grooming products is further influenced by factors such as breed-specific needs, the animal's age, and any existing health conditions, leading to a demand for targeted solutions.

Regional Insights

Geographically, the pet grooming products market exhibits distinct patterns of demand and growth potential across different regions. North America, particularly the United States, represents the largest and most mature market. This dominance is attributed to high pet ownership rates, strong consumer awareness, significant disposable income, and the presence of major market players. Europe follows closely, with countries like the United Kingdom, Germany, and France showing robust markets driven by similar trends of pet humanization and premiumization. The Asia-Pacific region is identified as the fastest-growing market, with tremendous potential fueled by rising urbanization, growing middle-class populations, increasing pet adoption, and shifting cultural attitudes toward pet care in countries such as China, India, and Japan. Latin America and the Middle East and Africa are emerging regions where the market is still in a developing phase but is expected to grow steadily as economic conditions improve and pet care awareness spreads.

Company Insights

The competitive landscape of the pet grooming products market is populated by a diverse set of companies ranging from global conglomerates to specialized private labels. Leading players such as Central Garden & Pet Company leverage their vast portfolio of trusted brands like Aqueon and Farnam to maintain a strong market presence. Spectrum Brands Holdings, through its brands like Tetra and Nature's Miracle, focuses on innovation and broad distribution. Hartz Mountain Corporation is another key competitor known for its extensive range of affordable and accessible grooming solutions. Companies like Groomer's Choice and Earthbath have carved out significant niches by focusing on professional-grade products and natural/organic formulations, respectively. These companies compete through strategies that include continuous product development, strategic mergers and acquisitions to expand brand portfolios, aggressive marketing campaigns, and strengthening relationships with distributors, retailers, and professional groomers to enhance their market penetration.

Recent Developments

The pet grooming products market has been active with recent developments that reflect the industry's innovative and adaptive nature. A prominent trend has been a wave of new product launches emphasizing sustainability, with brands introducing shampoos and conditioners in recyclable packaging and using plant-based, biodegradable formulas. There has been a noticeable increase in mergers and acquisitions as larger companies seek to acquire innovative brands that cater to the natural and organic segment, thereby diversifying their offerings and capturing a growing consumer base. Investment in direct-to-consumer e-commerce platforms and enhanced digital marketing strategies has been a key focus area for companies aiming to build brand loyalty and gather valuable consumer data. Furthermore, collaborations between grooming product brands and veterinary professionals or pet influencers have become a common tactic to enhance product credibility and reach target audiences more effectively, signaling a shift towards more integrated and expert-endorsed marketing approaches.

Report Segmentation

This comprehensive market research report on the pet grooming products industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market dynamics. The segmentation by type delves into the various product categories, including shampoos and conditioners, combs and brushes, clippers and trimmers, and other healthcare products, analyzing the demand and growth prospects for each. The segmentation by application categorizes the market based on animal type, primarily distinguishing between dogs, cats, and other pets, and examining the specific needs and consumption patterns within each group. Furthermore, the report includes a thorough geographic segmentation, breaking down the market into key regions and major countries within those regions to highlight regional trends, growth rates, and opportunities. This multi-faceted segmentation allows for a strategic understanding of which product types are gaining traction in specific applications and geographic areas, providing invaluable insights for stakeholders looking to make informed decisions.

FAQs

What are the key drivers of the pet grooming products market?

The market is primarily driven by the increasing humanization of pets, rising pet ownership rates, growing awareness of pet health and hygiene, and higher disposable income allowing for expenditure on premium pet care products.

Which companies are the top players in the pet grooming products market?

Prominent players in the market include Central Garden & Pet Company, Spectrum Brands Holdings, Hartz Mountain Corporation, Groomer's Choice, and Earthbath, among others.

What are the different types of pet grooming products available?

The market offers a wide variety of products, including shampoos, conditioners, detanglers, brushes, combs, nail clippers, hair clippers, dryers, ear cleaners, dental care kits, and specialized sprays and wipes.

How is the pet grooming products market segmented by application?

The market is segmented by application into dogs, cats, and other pets, with products tailored to the specific grooming and health needs of each animal type.

What is the growth potential in the Asia-Pacific region for this market?

The Asia-Pacific region is expected to exhibit the highest growth rate, fueled by urbanization, a growing middle class, increasing pet adoption, and rising awareness of modern pet care practices.

What are some recent trends in pet grooming products?

Recent trends include a strong shift towards products made with natural, organic, and hypoallergenic ingredients, innovation in waterless and dry shampoo formats, and a focus on sustainable and eco-friendly packaging solutions.

Citius Research has developed a research report titled “Pet Grooming 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

• Pet Grooming 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 Pet Grooming 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.

Pet Grooming Products Market Segmentation

Market Segmentation

Regions Covered

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

Pet Grooming Products Market Analysis

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

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

Pet Grooming Products Market Key Stakeholders

Below are the key stakeholders for the Pet Grooming Products Market:

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

Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming Products 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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 Pet Grooming 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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