U.S. Frozen Food 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: CR0193077
  • Format: Electronic (PDF)
  • Number of Pages: 179
  • Author(s): Joshi, Madhavi

Report Overview

The U.S. Frozen Food Market size was estimated at USD 65 billion in 2023 and is projected to reach USD 80 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024-2030).

U.S. Frozen Food Market

(Market Size)
$65 billion
$80 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 3.50%
2023 Market Size USD 65 billion
2030 Market Size USD 80 billion
Key Players Nestlé, Conagra Brands, General Mills, Kellogg’s, McCain Foods

Market Summary

The U.S. frozen food market represents a significant segment within the consumer goods industry, characterized by a wide array of products designed for convenience and extended shelf life. This market caters to evolving consumer lifestyles where time-saving solutions are increasingly valued. The assortment includes frozen vegetables, fruits, ready-to-eat meals, meat and seafood products, and plant-based alternatives, meeting diverse dietary needs and preferences. The infrastructure supporting this market, including advanced freezing technologies and robust cold chain logistics, ensures product quality and safety from production to retail. Supermarkets and hypermarkets remain dominant distribution channels, though online grocery platforms are gaining substantial traction. The competitive landscape is dynamic, with established players continuously innovating to introduce healthier options, cleaner labels, and premium products to capture market share and respond to the demand for nutritious and convenient food choices.

Key Highlights

Several key trends define the current state of the U.S. frozen food market. There is a pronounced shift towards products perceived as healthier, including organic, non-GMO, and additive-free options, driven by heightened health consciousness among consumers. Innovation in packaging is also a critical highlight, with a focus on sustainable materials and resealable designs that enhance user convenience and align with environmental values. The expansion of private label offerings from major retailers provides consumers with quality alternatives at competitive price points, intensifying competition with national brands. Furthermore, the market is witnessing a surge in demand for international and ethnic cuisine options, reflecting the diverse palate of American consumers. The resilience of the frozen food sector was notably demonstrated during recent global challenges, where its longer shelf life and reliability in supply chains made it a staple for household pantries, solidifying its essential role in the American diet.

Drivers, Opportunities & Restraints

The growth of the U.S. frozen food market is propelled by several powerful drivers. The fast-paced lifestyle of modern consumers creates a sustained demand for convenient and quick meal solutions. Technological advancements in freezing techniques, such as Individual Quick Freezing (IQF), better preserve the taste, texture, and nutritional value of food, enhancing product appeal. The expanding retail landscape, particularly the rapid growth of e-commerce and online grocery delivery services, provides easier access to a vast selection of frozen products. Significant opportunities exist in the development and marketing of healthier, premium, and specialty dietary options, including gluten-free, keto-friendly, and plant-based frozen meals. However, the market faces restraints, including a persistent consumer perception that frozen food is less nutritious than fresh alternatives. Stringent government regulations concerning food safety, labeling, and storage also present challenges for manufacturers. Additionally, the high costs associated with maintaining an unbroken cold chain from production to the consumer's freezer can impact overall profitability.

Concentration Insights

The U.S. frozen food market features a moderately concentrated competitive environment. A handful of large, well-established multinational corporations hold significant market share due to their extensive brand portfolios, vast distribution networks, and considerable spending on marketing and research and development. Key players such as Nestl? SA (with brands like Stouffer's and Lean Cuisine), Conagra Brands (owner of Healthy Choice and Marie Callender's), and General Mills (with its Green Giant and Pillsbury lines) are dominant forces. Alongside these giants, a considerable number of mid-sized and smaller specialized companies compete by focusing on niche segments, such as organic frozen foods, ethnic cuisines, or artisanal products. Private label brands offered by major retailers like Walmart, Kroger, and Costco have also become formidable competitors, often providing high-quality products at lower price points, which increases competitive pressure across the entire market.

Type Insights

The market is segmented by type into several key categories, each with its own dynamics. Frozen fruits and vegetables constitute a foundational segment, valued for their year-round availability and retention of nutrients. The frozen ready meals category is expansive and includes a diverse range of products from pizzas and entrees to breakfast items and snacks, catering to the core demand for convenience. The frozen meat and seafood segment remains a staple, providing essential proteins with extended storage capability. A rapidly growing sub-segment is plant-based frozen food, which includes meat alternatives, vegan meals, and dairy-free desserts, driven by increasing vegetarian, vegan, and flexitarian diets. Other notable types include frozen potatoes, bakery products, and soups. Each category is subject to continuous innovation, with manufacturers reformulating products to reduce sodium, eliminate artificial ingredients, and incorporate whole grains to meet the evolving health and wellness expectations of consumers.

Application Insights

In terms of application, the U.S. frozen food market is primarily divided into retail and food service segments. The retail application, which involves sales to individual consumers through various channels, is the largest. This includes supermarkets, hypermarkets, convenience stores, and online grocery platforms. Within retail, there is a noticeable trend towards stocking a wider variety of premium and specialty frozen items to attract health-conscious and adventurous shoppers. The food service application encompasses sales to restaurants, hotels, cafes, catering services, and institutional providers like schools and hospitals. This segment demands products that offer consistency, ease of preparation, and cost-effectiveness for large-scale cooking. The performance of the food service sector is closely tied to economic conditions and consumer dining-out trends, which can fluctuate. Both application areas are increasingly influenced by the demand for transparent sourcing, sustainable practices, and high-quality, chef-inspired options.

Regional Insights

Demand for frozen food exhibits some variation across different regions of the United States, influenced by cultural preferences, demographic composition, and economic factors. The Northeastern and Western regions often show a higher propensity for purchasing premium, organic, and innovative frozen food products, aligned with generally higher health awareness and disposable incomes in many areas. These regions are also early adopters of trends like plant-based eating. The Southern and Midwestern regions demonstrate strong demand for traditional frozen staples, including vegetables, prepared meals, and meat products, often driven by established dietary habits. However, urban centers across all regions, such as New York, Los Angeles, and Chicago, tend to have similar consumption patterns characterized by a desire for convenience, diversity, and international flavors. Distribution network strength and the penetration of major retail chains ensure that a wide variety of frozen food products are readily available to consumers nationwide, though localized tastes can influence the product mix in stores.

Company Insights

The competitive landscape is led by a mix of global food conglomerates and strong regional players. Nestl? SA is a behemoth in this space, leveraging its powerful portfolio that includes Stouffer's, Lean Cuisine, and DiGiorno. Conagra Brands has a significant presence with iconic brands like Healthy Choice, Marie Callender's, and Banquet. General Mills competes effectively with its Green Giant frozen vegetables and Totino's pizza rolls. Beyond these, other important companies include The Kraft Heinz Company, known for its Ore-Ida potato products, and Ajinomoto Co., Inc., with its popular Marie Callender's brand (acquired from Conagra) and other frozen offerings. Bellisio Foods (a subsidiary of Charoen Pokphand Foods) is another key player with a diverse range of products. These companies compete on multiple fronts, including product innovation, brand loyalty, pricing strategies, and extensive distribution agreements with major retail chains to secure prominent shelf space.

Recent Developments

The U.S. frozen food market has been active with strategic movements aimed at growth and adaptation. A prominent trend is the wave of product innovation focused on health and wellness, with companies launching new lines featuring organic ingredients, plant-based proteins, and meals with improved nutritional profiles, such as reduced sodium and added nutrients. Sustainability has become a critical focus, leading to investments in recyclable and compostable packaging solutions to reduce environmental impact. There has also been significant merger and acquisition activity as larger companies seek to acquire innovative smaller brands that cater to emerging consumer trends, such as ethnic cuisine or specific dietary needs. Furthermore, companies are heavily investing in optimizing their e-commerce capabilities and forming partnerships with third-party delivery services to capture the growing online grocery shopper base and enhance direct-to-consumer engagement.

Report Segmentation

This comprehensive market research report on the U.S. frozen food market provides a detailed analysis structured through meticulous segmentation. The report is segmented by type, which includes categories such as frozen fruits and vegetables, frozen ready meals, frozen meat and seafood, and other product types like potatoes and bakery products. It is further segmented by application, distinguishing between the retail sector, encompassing sales to individual consumers, and the food service sector, which includes sales to hospitality and institutional clients. Additional segmentation may cover distribution channels, such as store-based retailing versus online retail, and potentially by region to provide geographical analysis. This multi-faceted segmentation allows for a granular examination of market dynamics, identifying growth trajectories, consumer preferences, and competitive intensity within each specific segment, thereby offering actionable intelligence for strategic decision-making.

FAQs

What are the key drivers of the U.S. frozen food market?

The market is primarily driven by the demand for convenience from consumers with busy lifestyles, advancements in freezing technology that improve quality, and the expanding accessibility of products through online grocery platforms.

What are the latest trends in frozen food?

Current trends include a strong shift towards healthier options like organic and plant-based products, innovation in sustainable packaging, and the introduction of global and ethnic flavors to cater to diverse tastes.

How is the competitive landscape structured?

The landscape is moderately concentrated, featuring large multinational corporations like Nestl? and Conagra Brands that compete with private label offerings from major retailers and smaller niche companies specializing in premium or specialty products.

Which frozen food category is growing the fastest?

The plant-based frozen food category, encompassing meat alternatives, vegan meals, and dairy-free desserts, is experiencing notably rapid growth due to increasing adoption of flexitarian, vegetarian, and vegan diets.

How did recent global events affect the market?

Recent events highlighted the market's resilience, as consumers stockpiled frozen goods for their long shelf life, leading to a surge in sales and reinforcing the category's role as a pantry staple during uncertain times.

What are the main challenges facing manufacturers?

Key challenges include overcoming the perception that frozen food is less healthy than fresh, adhering to stringent food safety and labeling regulations, and managing the high costs associated with cold chain logistics.

Citius Research has developed a research report titled “U.S. Frozen Food Market Report - 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

• U.S. Frozen Food 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 U.S. Frozen Food 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.

U.S. Frozen Food Market Segmentation

Market Segmentation

Regions Covered

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

U.S. Frozen Food Market Analysis

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

• Overview of U.S. Frozen Food Market
• Research Methodology
• Executive Summary
• Market Dynamics of U.S. Frozen Food 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 U.S. Frozen Food Market
• Cost and Gross Margin Analysis of U.S. Frozen Food Market
• U.S. Frozen Food Market Report - 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 “U.S. Frozen Food Market Report - 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.

U.S. Frozen Food Market Key Stakeholders

Below are the key stakeholders for the U.S. Frozen Food Market:

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

U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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 U.S. Frozen Food 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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