Rice Noodles 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: CR0192972
  • Format: Electronic (PDF)
  • Number of Pages: 199
  • Author(s): Joshi, Madhavi

Report Overview

The Rice Noodles Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Rice Noodles Market

(Market Size)
$3.2 billion
$6 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 3.2 billion
2030 Market Size USD 6 billion
Key Players Nissin Foods, Uni-President, Acecook Vietnam, Thai President Foods, Jinmailang

Market Summary

The rice noodles market is a significant segment within the global food and consumer goods industry, characterized by widespread consumption particularly across Asia and increasingly in Western countries. These noodles, made primarily from rice flour and water, are a staple food in many Asian cuisines and are valued for their gluten-free properties, versatility, and mild flavor that pairs well with various dishes. The market caters to diverse consumer needs, ranging from instant noodles to fresh, dried, and frozen varieties, each serving different culinary applications. Key consumers include households, food service providers, and food processing industries. The market is driven by the growing popularity of Asian cuisine globally, rising health consciousness leading to increased demand for gluten-free products, and the convenience offered by instant and ready-to-eat formats. Manufacturers are continuously innovating in terms of flavors, packaging, and health-oriented product development to capture a larger market share and meet evolving consumer preferences.

Key Highlights

The rice noodles market is distinguished by several key factors that underscore its dynamic nature and growth potential. A primary highlight is the product's inherent gluten-free attribute, which aligns perfectly with the rising global consumer trend towards gluten-free and healthier food alternatives. This has significantly expanded the consumer base beyond traditional markets. Another critical aspect is the extensive variety available, including vermicelli, flat noodles, stick noodles, and instant noodles, each catering to specific regional tastes and culinary uses. The market also benefits from strong growth in the food service sector, where rice noodles are a fundamental ingredient in numerous popular dishes like pho, pad thai, and chow mein. Furthermore, the expansion of retail distribution channels, especially hypermarkets, supermarkets, and online grocery platforms, has greatly improved product accessibility for consumers worldwide. Leading companies are focusing on strategic initiatives such as product launches, capacity expansion, and geographical diversification to strengthen their market position.

Drivers, Opportunities & Restraints

The growth of the rice noodles market is propelled by several powerful drivers. The increasing global adoption of Asian cuisines, fueled by globalization and cultural exchange, is a fundamental driver. Concurrently, the rising prevalence of celiac disease and gluten intolerance, coupled with a general shift towards healthier eating habits, is boosting demand for gluten-free staples like rice noodles. The convenience offered by instant and ready-to-cook variants resonates strongly with the fast-paced lifestyles of urban consumers. Significant opportunities lie in market penetration and product innovation. There is substantial potential for growth in emerging economies where disposable incomes are rising, and Western dietary patterns are being adopted. Innovation in flavors, organic offerings, and fortified products presents a lucrative avenue for manufacturers to differentiate themselves. However, the market faces certain restraints. Price volatility of raw materials, primarily rice, can impact production costs and profit margins. Furthermore, intense competition from other pasta and noodle alternatives, including those made from wheat, quinoa, and lentils, poses a challenge to market growth. Navigating stringent food safety and labeling regulations across different countries also requires significant investment from market players.

Concentration Insights

The global rice noodles market exhibits a varied concentration landscape. The market is highly concentrated in the Asia-Pacific region, which represents both the largest production hub and the most significant consumer base due to deep-rooted culinary traditions. Countries like China, Thailand, Vietnam, and India are central to the market's ecosystem. In terms of competitive landscape, the market features a mix of large multinational food conglomerates and numerous regional and local players. Leading international companies such as Nissin Foods, CJ CheilJedang, and Toyo Suisan Kaisha hold considerable market share through their extensive distribution networks and strong brand recognition. These players compete fiercely on factors including price, product variety, quality, and brand value. Meanwhile, many small and medium-sized enterprises (SMEs) dominate local markets by offering traditional, artisanal products that cater to specific regional tastes. This blend of global giants and local specialists creates a competitive yet fragmented market environment where innovation and understanding of local preferences are key to success.

Type Insights

The rice noodles market is segmented by type, primarily into fresh, dried, and instant noodles, each with distinct characteristics and consumer appeal. Fresh rice noodles are highly popular in East and Southeast Asia for their soft texture and are typically used in soups and stir-fry dishes; however, they have a shorter shelf life, which limits their geographical distribution. Dried rice noodles represent a large segment due to their excellent shelf stability, ease of transportation, and storage, making them widely available in international markets. They require rehydration before cooking and are a pantry staple. The instant rice noodles segment is experiencing rapid growth, driven by the overwhelming demand for convenience foods. These are pre-cooked and often come with flavoring packets, allowing for quick preparation. Instant noodles cater to students, working professionals, and anyone seeking a fast meal solution. Manufacturers are innovating within each type, introducing organic, non-GMO, and fortified options to meet the discerning demands of health-conscious consumers.

Application Insights

Rice noodles find application across several key channels, primarily segmented into household consumption, food service industry, and food processing. Household consumption constitutes a substantial portion of the market, where rice noodles are purchased for regular meal preparation at home. This segment is driven by the product's versatility as a base for countless recipes. The food service industry is another major application area, encompassing restaurants, hotels, fast-food chains, and street food vendors. In this segment, rice noodles are a key ingredient in many signature Asian dishes, and their demand is directly correlated with the growth of the hospitality sector and the popularity of ethnic cuisines. The third significant application is within the food processing industry, where rice noodles are used as a component in ready-to-eat meals, canned soups, and other processed food products. The growth of this segment is linked to the expansion of the packaged food industry and the continuous consumer demand for innovative and convenient meal solutions.

Regional Insights

The geographical distribution of the rice noodles market shows clear dominance by the Asia-Pacific region, which is the traditional heartland for both production and consumption. Countries such as China, Thailand, Vietnam, and Indonesia have deeply ingrained culinary cultures where rice noodles are a daily staple. This region benefits from high local demand, established supply chains, and a strong presence of local manufacturers. North America and Europe represent important and growing markets, largely driven by the increasing multicultural population and the rising popularity of Asian food trends. In these regions, demand is fueled by health-conscious consumers seeking gluten-free alternatives and by the expanding network of Asian restaurants. The markets in Latin America and the Middle East and Africa are currently smaller but are anticipated to exhibit growth potential. This growth will be supported by increasing urbanization, rising disposable incomes, and the gradual introduction of global cuisines into these regions, creating new opportunities for market players.

Company Insights

The competitive landscape of the rice noodles market includes a roster of prominent players who employ various strategies to maintain and enhance their market positions. Key global players such as Nissin Foods Holdings Co., Ltd., a pioneer in instant noodles, and CJ CheilJedang, a major South Korean food manufacturer, have a significant international footprint. Other notable companies include Toyo Suisan Kaisha, Ltd., Thai President Foods PLC, and Nongshim Co., Ltd. These corporations compete on the basis of brand strength, extensive product portfolios, robust research and development capabilities, and vast distribution networks. They frequently engage in new product launches, often emphasizing health and wellness attributes like low sodium, organic ingredients, or added nutrients. Alongside these multinationals, a vast number of regional companies and local brands hold strong positions in their domestic markets. These smaller players often compete by offering authentic, traditional products that resonate with local consumer preferences, creating a diverse and dynamic competitive environment.

Recent Developments

The rice noodles market has witnessed several noteworthy developments recently, reflecting the industry's adaptive and innovative nature. A prominent trend is the surge in product innovation focused on health and wellness. Major companies are launching new lines of organic rice noodles, clean-label products with minimal additives, and functional noodles fortified with vitamins, minerals, or plant-based proteins to cater to the health-conscious demographic. Sustainability has also become a critical focus area, with leading brands investing in eco-friendly packaging solutions, such as biodegradable or recyclable materials, to reduce environmental impact and appeal to environmentally aware consumers. Furthermore, strategic market expansion remains a key activity. Companies are actively seeking to penetrate untapped markets in Latin America and Africa through partnerships with local distributors and targeted marketing campaigns. There is also a noticeable increase in mergers and acquisitions as larger firms aim to consolidate their market presence and acquire innovative brands or technologies to bolster their product offerings.

Report Segmentation

This comprehensive market research report on the rice noodles industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market dynamics. The report is systematically segmented by type, which includes fresh, dried, and instant rice noodles, analyzing the consumption patterns, growth rates, and future potential of each category. It is further segmented by application, covering the household, food service, and food processing sectors, providing insights into the demand drivers and trends within each application area. Geographically, the report offers an in-depth regional analysis, covering key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Each regional analysis assesses the local competitive landscape, consumer behavior, regulatory environment, and growth opportunities. This multi-faceted segmentation allows stakeholders to identify specific niche markets, understand regional peculiarities, and make informed strategic decisions regarding investment, marketing, and product development.

FAQs

What are rice noodles made from?

Rice noodles are primarily made from rice flour and water. The mixture is often formed into a paste, which is then steamed or boiled and shaped into various forms like strands, sheets, or sticks before being sold fresh or dried.

Are rice noodles gluten-free?

Yes, authentic rice noodles are naturally gluten-free as they are made solely from rice flour, making them a suitable and popular carbohydrate choice for individuals with celiac disease or gluten sensitivity.

How do you cook dried rice noodles?

Dried rice noodles are typically rehydrated by soaking in warm water until they become pliable, which usually takes between 5 to 30 minutes depending on their thickness. They can then be drained and added to stir-fries, soups, or salads.

What is the difference between rice noodles and vermicelli?

Vermicelli is a type of very thin rice noodle. While all vermicelli made from rice flour is a rice noodle, not all rice noodles are vermicelli, as they come in a wide variety of widths and shapes, including flat, wide ribbons.

Can rice noodles be used in stir-fry?

Absolutely, rice noodles are exceptionally versatile and are commonly used in stir-fry dishes. It is important to ensure they are not overcooked to maintain a desirable texture and prevent them from becoming mushy.

How should rice noodles be stored?

Dried rice noodles should be stored in a cool, dry place in an airtight container. Fresh rice noodles have a much shorter shelf life and must be refrigerated and consumed within a few days, as indicated on the packaging.

Citius Research has developed a research report titled “Rice Noodles 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

• Rice Noodles 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 Rice Noodles 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.

Rice Noodles Market Segmentation

Market Segmentation

Regions Covered

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

Rice Noodles Market Analysis

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

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

Rice Noodles Market Key Stakeholders

Below are the key stakeholders for the Rice Noodles Market:

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

Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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 Rice Noodles 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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