Shampoo 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: CR0192456
  • Format: Electronic (PDF)
  • Number of Pages: 191
  • Author(s): Joshi, Madhavi

Report Overview

The Shampoo Market size was estimated at USD 85 billion in 2023 and is projected to reach USD 145 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Shampoo Market

(Market Size)
$85 billion
$145 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 85 billion
2030 Market Size USD 145 billion
Key Players P&G, Unilever, L’Oréal, Johnson & Johnson, Kao Corporation

Market Summary

The global shampoo market is a dynamic and essential segment within the consumer goods industry, characterized by intense competition and continuous innovation. This market caters to a universal need for hair care, driven by evolving consumer preferences for specialized solutions. The industry encompasses a wide array of products, ranging from mass-market offerings available in supermarkets to premium salon-grade and professional products. Key market activities include extensive research and development to introduce formulations that address specific hair concerns such as dandruff, hair fall, dryness, and damage. The market is also significantly influenced by a growing consumer shift towards products made with natural, organic, and sustainably sourced ingredients. Major corporations and niche players alike are engaged in strategic initiatives including mergers, acquisitions, and aggressive marketing campaigns to capture greater market share and enhance their brand visibility globally.

Key Highlights

The shampoo market is distinguished by several critical factors that underscore its current state and future trajectory. A primary highlight is the robust demand for anti-dandruff and anti-hair fall formulations, which continue to represent substantial product segments due to widespread consumer concerns. The rise of the 'clean beauty' movement has propelled the development and adoption of shampoos free from sulfates, parabens, and silicones, with brands emphasizing transparency in ingredient sourcing. Another significant trend is the personalization of hair care, with companies offering customized shampoo solutions based on individual hair analysis. The market is also witnessing the rapid growth of online retail channels, which have become a crucial platform for brand discovery, consumer education, and direct-to-consumer sales. Furthermore, the expansion of male grooming routines has opened a lucrative new consumer base for specialized men's shampoo products.

Drivers, Opportunities & Restraints

The growth of the shampoo market is propelled by several key drivers, including rising consumer disposable income, increasing awareness of personal grooming, and the influence of digital media and beauty influencers on purchasing decisions. The proliferation of e-commerce platforms has made a vast array of products accessible to a global audience, further stimulating market expansion. Significant opportunities lie in the untapped potential of emerging economies in Asia-Pacific and Latin America, where urbanization and changing lifestyles are creating new consumer bases. The growing demand for vegan, cruelty-free, and environmentally sustainable products presents a fertile ground for innovation and brand differentiation. However, the market also faces considerable restraints. These include stringent government regulations concerning chemical ingredients and product claims, which can delay product launches and increase compliance costs. Furthermore, market saturation in developed regions and the presence of a vast number of brands intensify competition, often leading to price wars and squeezed profit margins.

Concentration Insights

The global shampoo market exhibits a moderately concentrated landscape, dominated by a handful of multinational giants that hold a significant portion of the overall market revenue. Leading players such as Procter & Gamble, Unilever, L'Or?al, and Johnson & Johnson have established extensive distribution networks and possess strong brand equity, giving them a formidable competitive advantage. These companies leverage their vast resources for extensive marketing campaigns, continuous product innovation, and strategic acquisitions of emerging brands to maintain their dominance. Despite the stronghold of these major corporations, the market also features a high degree of fragmentation with a long tail of small and medium-sized enterprises, private label brands, and niche players. These smaller companies often compete by focusing on specific consumer niches, such as organic formulations, ethnic hair care, or direct-to-consumer business models, thereby carving out sustainable market positions.

Type Insights

The shampoo market is segmented into various types based on formulation, function, and consumer target. A fundamental categorization divides products into standard shampoos, conditioning shampoos (2-in-1), and specialized medicated or treatment shampoos. Treatment shampoos designed to combat dandruff, psoriasis, or severe hair loss constitute a critical and high-growth segment, often requiring clinical testing and approval. The market has seen a surge in demand for shampoos based on ingredient profiles, notably those that are keratin-infused for strength repair, argan oil or coconut oil-based for hydration, and tea tree oil variants for scalp health. Another prominent category is dry shampoo, which has gained immense popularity as a quick solution for oil absorption and hair refreshment between washes. The differentiation also extends to consumer demographics, with distinct product lines developed specifically for men, children, and varying ethnic hair types, each with unique formulation requirements.

Application Insights

In terms of application, the shampoo market is primarily divided into two core segments: personal use and professional use. The personal use segment is the largest, encompassing products purchased by consumers for daily hair care routines through retail channels such as hypermarkets, supermarkets, drugstores, and online platforms. This segment is highly influenced by brand marketing, price sensitivity, and widespread availability. The professional use segment includes products used and recommended by hair stylists and beauticians in salons and spas. These products are often of a higher grade, with concentrated formulas and are sometimes only available for purchase through professional distributors or directly in salons. Brand loyalty in the professional segment is built through stylist endorsement and proven performance results. The rise of at-home grooming during global lockdowns temporarily blurred these lines, prompting professional brands to strengthen their direct-to-consumer outreach.

Regional Insights

The geographical analysis of the shampoo market reveals distinct patterns of consumption and growth across different regions. North America and Europe represent mature markets characterized by high per capita consumption, a strong presence of leading international brands, and a high degree of consumer awareness regarding product ingredients and benefits. The Asia-Pacific region is undeniably the fastest-growing market, driven by its large population base, rising middle-class disposable income, and increasing adoption of Western grooming habits. Countries like China, India, and Japan are major contributors to regional growth. Latin America and the Middle East and Africa are emerging as promising markets with significant growth potential, though they face challenges related to economic volatility and underdeveloped distribution networks in rural areas. Each region also displays unique preferences; for instance, demand for herbal and natural ingredients is particularly strong in Asia, while anti-hair fall solutions are highly sought after in many European countries.

Company Insights

The competitive arena of the shampoo market is defined by the strategies of its key players. Procter & Gamble maintains a leadership position with its powerhouse portfolio including Head & Shoulders, Pantene, and Herbal Essences. Unilever competes aggressively with brands like Dove, TRESemm?, and Clear. L'Or?al Professional and K?rastase cater to the high-end salon segment, while their consumer divisions offer brands such as L'Or?al Paris and Garnier. Johnson & Johnson is a significant player with its Neutrogena and clean beauty-focused OGX brand. Other notable companies include Kao Corporation with its John Frieda and Jergens lines, and Henkel AG which markets Syoss and Schwarzkopf. Beyond these giants, successful niche players like Olaplex, focused on bond-building technology, and Moroccanoil, known for its argan oil-infused products, have disrupted the market by addressing specific, high-value consumer needs.

Recent Developments

The shampoo market is continuously evolving, with recent developments centered on sustainability, technology, and portfolio expansion. A major trend has been the industry-wide push towards environmental responsibility, manifesting in the launch of refillable packaging systems, bottles made from recycled ocean plastic, and water-saving solid shampoo bars. Numerous brands have committed to becoming carbon neutral and have reformulated products to be biodegradable. Technological integration is another key development, with companies employing artificial intelligence and augmented reality for virtual hair consultations and personalized product recommendations. There has been a flurry of acquisition activity, with large conglomerates acquiring digitally-native and indie brands to tap into new consumer segments and innovative formulations. Furthermore, brands are increasingly leveraging social media platforms and influencer partnerships for targeted marketing campaigns to engage directly with consumers and build community.

Report Segmentation

This comprehensive market research report on the shampoo industry provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the market dynamics. The report is structured to include segmentation by type, which covers categories such as anti-dandruff, cosmetic, medicated, and kids shampoos, among others. It further breaks down the market by application, distinguishing between personal use and professional use channels. Distribution channel segmentation is a critical component, analyzing sales through hypermarkets and supermarkets, convenience stores, specialty stores, online retail, and other avenues. The report also provides a thorough regional analysis, delivering insights into the market performance and trends in North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. This multi-faceted segmentation allows stakeholders to identify specific growth pockets, understand consumer behavior patterns, and formulate targeted strategies.

FAQs

What are the key drivers of the shampoo market? The market is primarily driven by increasing consumer focus on personal grooming, rising disposable income, the influence of social media beauty trends, and the growing demand for specialized and natural ingredient-based products.

Which region has the highest growth potential in the shampoo market? The Asia-Pacific region exhibits the highest growth potential due to its massive population, rapidly expanding middle class, urbanization, and increasing adoption of premium hair care products.

What are the latest trends in the shampoo industry? Prominent trends include a strong shift towards sulfate-free and clean-label formulations, the popularity of hair wellness products featuring vitamins and supplements, the use of sustainable and refillable packaging, and the growth of personalized hair care solutions.

Who are the leading players in the global shampoo market? The market is led by multinational corporations such as Procter & Gamble Company, Unilever PLC, L'Or?al S.A., Johnson & Johnson Services Inc., and Kao Corporation.

How is e-commerce impacting the shampoo market? E-commerce has significantly transformed the market by providing a platform for direct-to-consumer sales, enabling niche brands to reach a global audience, facilitating detailed product reviews and comparisons, and offering subscription-based models for convenience.

What is the demand outlook for organic shampoos? The demand for organic and natural shampoos is experiencing robust growth, fueled by rising consumer health consciousness, concerns over chemical exposure, and a growing preference for environmentally sustainable and ethically produced beauty products.

Citius Research has developed a research report titled “Shampoo 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

• Shampoo 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 Shampoo 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.

Shampoo Market Segmentation

Market Segmentation

Regions Covered

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

Shampoo Market Analysis

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

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

Shampoo Market Key Stakeholders

Below are the key stakeholders for the Shampoo Market:

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

Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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 Shampoo 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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