Waterless Cosmetic 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: CR0193937
  • Format: Electronic (PDF)
  • Number of Pages: 205
  • Author(s): Joshi, Madhavi

Report Overview

The Waterless Cosmetic Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Waterless Cosmetic Market

(Market Size)
$1.2 billion
$2.2 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 1.2 billion
2030 Market Size USD 2.2 billion
Key Players Lush, Ethique, Pinch of Colour, Ktein, Clensta

Market Summary

The waterless cosmetic market represents a transformative shift within the consumer goods industry, focusing on products formulated with little to no water content. This innovation addresses growing consumer demand for sustainability, concentrated efficacy, and extended shelf life. Traditional cosmetics often contain up to 80% water, which necessitates preservatives and increases the product's weight and carbon footprint associated with shipping. Waterless alternatives, including powder-to-lather formats, solid bars, and anhydrous concentrates, eliminate these inefficiencies. The market is driven by a powerful confluence of environmental consciousness, advancements in cosmetic science, and a discerning consumer base seeking potent, travel-friendly, and ethically produced personal care items. This sector is rapidly evolving from a niche offering to a mainstream category, appealing to a broad demographic from eco-activists to luxury beauty enthusiasts.

Key Highlights

The waterless cosmetic market is distinguished by several pivotal developments that underscore its growing significance. A primary highlight is the profound reduction in packaging waste, as many waterless products are sold in biodegradable, refillable, or minimal packaging, aligning perfectly with the zero-waste movement. Formulation efficacy is another critical advantage; the absence of water allows for a higher concentration of active ingredients, delivering more potent and visible results to consumers. Brands like L'Or?al, Unilever, and numerous indie players such as Lush and Ethique are heavily investing in research and development to expand their anhydrous portfolios. The market is also witnessing a surge in product diversity, moving beyond solid shampoos and conditioners to include waterless serums, moisturizers, and even color cosmetics, demonstrating extensive innovation and market potential.

Drivers, Opportunities & Restraints

The expansion of the waterless cosmetic market is propelled by powerful drivers, primarily the global push towards environmental sustainability. Consumers are increasingly aware of the ecological impact of their purchases, favoring brands that demonstrate a genuine commitment to reducing water usage and plastic waste. This heightened environmental consciousness is a significant market driver. Furthermore, the desire for ingredient transparency and highly efficacious products fuels demand, as waterless formulations often boast purer and more potent ingredient lists. A major opportunity lies in technological innovation, enabling the creation of new product formats that maintain user experience while being anhydrous. Emerging markets in Asia-Pacific present substantial growth opportunities due to rising disposable incomes and growing awareness. However, the market faces restraints, including higher per-unit production costs compared to traditional cosmetics, which can result in premium retail pricing. Consumer education also presents a challenge, as shifting long-established usage habits and perceptions about product application requires significant marketing investment.

Concentration Insights

The competitive landscape of the waterless cosmetic market features a dynamic mix of established multinational corporations and agile, innovative indie brands. Large players like L'Or?al, Procter & Gamble, and Unilever leverage their vast R&D capabilities and global distribution networks to launch and scale waterless lines, often acquiring or developing new technologies to stay competitive. Simultaneously, the market has a low concentration of smaller, niche brands that were early pioneers in this space. Companies such as Lush, Ethique, and Kao Corporation have built strong brand identities centered entirely on sustainability and solid format cosmetics, earning loyal customer bases. This structure creates a competitive environment where large companies compete on scale and market reach, while smaller brands compete on authenticity, ingredient quality, and radical innovation, leading to a vibrant and rapidly evolving marketplace.

Type Insights

Waterless cosmetics are available in a diverse array of types, each catering to specific consumer needs and preferences. Solid bars represent one of the most established and recognizable categories, encompassing shampoo, conditioner, and body soap bars that lather upon contact with water. Powdered formulations are another significant type, which are activated by water to transform into cleansers, masks, or other treatments, offering convenience and a long shelf life. Concentrated oils and balms constitute a premium segment, requiring only a small amount for effective use and often packaged in recyclable or reusable containers. Furthermore, the market includes stick formats for products like deodorant, sunscreen, and makeup, which are portable and minimize mess. This variety in product types ensures that there is a waterless alternative for nearly every traditional cosmetic product, driving adoption across different consumer segments.

Application Insights

The application of waterless cosmetics spans the entire spectrum of personal care and beauty routines, demonstrating their versatility. In hair care, solid shampoo and conditioner bars are the most prevalent application, effectively cleansing and conditioning without the need for liquid formulations. Skin care represents a rapidly growing application area, with waterless facial oils, serum concentrates, and solid moisturizers gaining popularity for their potency and purity. Color cosmetics have also embraced the trend, with products like powder foundations, cream blush sticks, and solid lip tints. Furthermore, oral care applications are emerging with toothpaste tablets and powders. The breadth of applications indicates that waterless technology is not a passing fad but a fundamental reformulation of product categories across the beauty industry, meeting consumer demand for sustainable options in every aspect of their regimen.

Regional Insights

Adoption and growth of the waterless cosmetic market vary significantly by region, influenced by cultural attitudes, environmental awareness, and economic factors. North America and Europe are currently the leading markets, driven by strong consumer demand for sustainable and clean beauty products, stringent environmental regulations, and the presence of major beauty corporations and indie brands pioneering these innovations. The Asia-Pacific region is identified as the fastest-growing market, fueled by a large population, rising disposable incomes, growing middle class, and increasing concerns over water scarcity and pollution in countries like China and India. Markets in Latin America and the Middle East & Africa are in earlier stages of development but show promising growth potential as awareness spreads and global brands expand their distribution networks into these emerging economies, tailoring products to local preferences and climatic conditions.

Company Insights

The competitive arena features a strategic blend of industry titans and disruptive innovators. L'Or?al has made significant strides with its seed phytonutrients brand and other initiatives, focusing on water-saving formulations. Unilever has committed to ambitious sustainability goals, directly influencing its expansion into waterless personal care products under various brands. Kao Corporation, a Japanese giant, has long been a leader with its popular solid soap and shampoo bars. On the indie front, Lush Cosmetics is virtually synonymous with the solid shampoo bar, having championed package-free and waterless products for decades. Ethique is another key player, built entirely on a philosophy of zero-waste, solid beauty products. Other notable companies include The Procter & Gamble Company, which is exploring new formats, and a growing number of direct-to-consumer startups that are leveraging social media to build communities around sustainable beauty.

Recent Developments

The waterless cosmetic market is characterized by relentless innovation and strategic movements. Recent developments highlight a surge in patent filings for novel anhydrous formulation technologies and manufacturing processes that enhance product stability and user experience. Major corporations are actively engaging in mergers and acquisitions to absorb innovative startups and gain access to proprietary waterless technologies, thereby accelerating their market entry and portfolio expansion. There is a pronounced trend towards partnerships between beauty brands and recycling technology firms to create closed-loop systems for product packaging, further solidifying the sustainability credentials of waterless products. Brands are also increasingly leveraging augmented reality and AI for virtual try-ons and personalized product recommendations, crucial for marketing solid and concentrated formats that differ from their liquid counterparts. Investment in consumer education through digital content marketing is also a key focus area to demystify product usage and highlight benefits.

Report Segmentation

This comprehensive market research report on the waterless cosmetic industry provides a detailed and structured analysis to furnish stakeholders with actionable intelligence. The report is meticulously segmented to allow for a granular understanding of the market dynamics. The segmentation is based on type, categorizing the market into solid bars, powders, concentrated oils & balms, and sticks, among others. It is further segmented by application, covering critical areas such as skin care, hair care, color cosmetics, and oral care. A crucial geographical segmentation provides an in-depth regional analysis of North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. This multi-faceted segmentation enables readers to identify precise growth pockets, understand competitive landscapes within specific product categories, and tailor strategies according to regional consumer behaviors and regulatory environments.

FAQs

What are waterless cosmetics? Waterless cosmetics are beauty and personal care products formulated without water as a primary ingredient. They come in various forms like solid bars, powders, concentrates, and sticks, offering benefits such as reduced environmental impact, higher ingredient potency, and longer shelf life.

Why are waterless cosmetics becoming popular? Their popularity is driven by growing consumer awareness of sustainability issues, including water conservation and plastic waste reduction. Additionally, consumers are drawn to their concentrated formulas, which often provide enhanced efficacy and results compared to traditional water-based products.

Are waterless cosmetics effective? Yes, waterless cosmetics are highly effective. The removal of water allows for a greater concentration of active ingredients, making them more potent. Many users report better performance in terms of cleansing, moisturizing, and overall treatment benefits.

How do you use waterless cosmetics? Usage varies by product type. Solid bars like shampoo are rubbed between wet hands or directly on wet hair to create a lather. Powders are typically mixed with a small amount of water to form a paste. Concentrates like oils are applied directly to the skin in small amounts.

What are the benefits of waterless cosmetics? Key benefits include a significantly reduced carbon footprint due to lighter weight for shipping, minimal or plastic-free packaging, more potent formulations with fewer preservatives, extended product shelf life, and convenience for travel.

Which companies make waterless cosmetics? The market includes major players like L'Or?al, Unilever, and Kao Corporation, as well as dedicated brands such as Lush, Ethique, and many emerging direct-to-consumer startups focused exclusively on sustainable and waterless beauty solutions.

Citius Research has developed a research report titled “Waterless Cosmetic 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

• Waterless Cosmetic 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 Waterless Cosmetic 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.

Waterless Cosmetic Market Segmentation

Market Segmentation

Regions Covered

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

Waterless Cosmetic Market Analysis

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

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

Waterless Cosmetic Market Key Stakeholders

Below are the key stakeholders for the Waterless Cosmetic Market:

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

Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
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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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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 Waterless Cosmetic 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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