Club Soda 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: CR0196404
  • Format: Electronic (PDF)
  • Number of Pages: 203
  • Author(s): Joshi, Madhavi

Report Overview

The Club Soda Market size was estimated at USD 2.5 billion in 2023 and is projected to reach USD 4.2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2024-2030).

Club Soda Market

(Market Size)
$2.5 billion
$4.2 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 2.5 billion
2030 Market Size USD 4.2 billion
Key Players The Coca-Cola Company, PepsiCo, National Beverage Corp., Danone, Nestlé

Market Summary

The club soda market is a significant segment within the non-alcoholic beverage industry, characterized by its use as a mixer and standalone refreshment. Club soda, which is carbonated water infused with minerals like sodium bicarbonate and potassium sulfate, is distinct from other sparkling waters due to its added mineral content. The market caters to both retail consumers and the hospitality sector, including bars, restaurants, and hotels, where it is commonly used in cocktails and other beverages. Growing consumer preference for low-calorie and sugar-free drinks has bolstered demand, alongside rising health consciousness and the trend towards moderation in alcohol consumption. The market is competitive, with numerous global and regional players offering various products, including flavored and unflavored options. Innovation in packaging and flavor profiles continues to drive growth, while sustainability concerns influence production and distribution practices. The market is also shaped by economic factors, supply chain dynamics, and regulatory standards governing food and beverage safety.

Key Highlights

The club soda market is defined by several key trends and developments. Health and wellness trends are paramount, with consumers increasingly seeking beverages that offer hydration without added sugars or calories, positioning club soda as a favorable alternative to soft drinks. The rise of home mixology, accelerated by global events such as the pandemic, has increased household consumption, as consumers experiment with creating cocktails and mocktails at home. Environmental sustainability is another critical highlight, with leading companies investing in eco-friendly packaging solutions, such as recyclable cans and reduced plastic use, to meet consumer expectations and regulatory demands. Flavor innovation is also a significant driver, with manufacturers introducing citrus, berry, and herbal variants to attract diverse taste preferences. Additionally, the market sees robust growth in emerging economies, where rising disposable incomes and urbanization expand the consumer base. These factors collectively underscore the market's evolution and its alignment with broader consumer and industry shifts.

Drivers, Opportunities & Restraints

Several drivers propel the club soda market forward, including increasing health awareness and the demand for low-sugar beverages. Consumers are shifting away from high-calorie soft drinks, opting for club soda as a healthier alternative, which supports market growth. The hospitality industry's reliance on club soda as a key mixer in beverages also drives consistent demand, particularly in regions with a vibrant nightlife and dining culture. Opportunities abound in product innovation, such as the development of organic and natural ingredient-based club sodas, which cater to the premium segment and health-conscious buyers. Expanding into untapped markets in Asia-Pacific and Latin America presents significant growth potential due to rising urbanization and changing lifestyles. However, the market faces restraints, including intense competition from other sparkling waters and soft drinks, which can limit market share. Regulatory challenges related to food safety standards and environmental policies on packaging may also pose hurdles. Additionally, fluctuations in raw material costs and supply chain disruptions can impact profitability and pricing strategies for manufacturers.

Concentration Insights

The club soda market features a mix of large multinational corporations and smaller regional players, leading to a moderately concentrated competitive landscape. Key companies such as The Coca-Cola Company, PepsiCo, and Nestl? Waters hold significant market shares due to their extensive distribution networks, strong brand recognition, and diverse product portfolios. These industry giants leverage their global presence to dominate in multiple regions, often through well-known brands like Schweppes and Perrier. Regional players, such as National Beverage Corp. in the United States with its LaCroix brand, also command substantial influence by catering to local tastes and preferences. The market concentration is influenced by factors like mergers and acquisitions, which allow larger entities to consolidate their positions and enter new markets. Innovation and marketing strategies play crucial roles in maintaining competitive advantage, with companies investing in advertising, product development, and sustainable practices to differentiate themselves. This concentration dynamic ensures that while a few players lead, there is room for niche and specialty brands to thrive by addressing specific consumer needs.

Type Insights

Club soda products are primarily categorized into flavored and unflavored types, each serving distinct consumer preferences and applications. Unflavored club soda remains the traditional choice, widely used as a mixer in alcoholic and non-alcoholic beverages due to its neutral taste that complements other ingredients without overpowering them. It is favored in professional settings like bars and restaurants for cocktails and as a refreshing standalone drink. Flavored club soda has gained significant traction, offering varieties such as lemon, lime, berry, and exotic fruits to enhance taste and appeal to consumers seeking more exciting options. This segment benefits from the growing trend of functional beverages, where added flavors are often combined with natural ingredients and vitamins to provide health benefits. The demand for flavored club soda is particularly high among younger demographics and health-conscious individuals looking for low-calorie alternatives to sugary sodas. Both types are available in various packaging formats, including cans, bottles, and multipacks, to suit different consumption occasions and retail channels.

Application Insights

Club soda finds applications across multiple sectors, primarily in the food and beverage industry. In retail, it is sold directly to consumers through supermarkets, convenience stores, and online platforms for household consumption, where it is used as a refreshing drink, a mixer for home cocktails, or a base for mocktails. The hospitality sector is another major application area, with bars, restaurants, hotels, and catering services utilizing club soda extensively in beverage preparation, particularly in cocktails, spritzers, and non-alcoholic drinks. Its role in enhancing the taste and presentation of beverages makes it a staple in this segment. Additionally, club soda is used in culinary applications, such as in cooking and baking, where its carbonation can leaven batters or add lightness to recipes. The growing trend of healthy eating and drinking has also led to its use in fitness and wellness contexts, such as in sports clubs and health-focused establishments. These diverse applications ensure steady demand and drive innovation tailored to specific use cases.

Regional Insights

The club soda market exhibits varying dynamics across different regions, influenced by cultural preferences, economic conditions, and consumption patterns. North America holds a substantial share, driven by high consumer awareness of health and wellness, strong demand for mixers in the beverage industry, and the presence of major players like The Coca-Cola Company and PepsiCo. The United States, in particular, sees significant consumption due to the popularity of cocktails and carbonated beverages. Europe is another key market, with countries like the United Kingdom, Germany, and France showing robust demand linked to their established hospitality sectors and growing preference for low-sugar drinks. The Asia-Pacific region is emerging as a high-growth area, fueled by rising disposable incomes, urbanization, and changing lifestyles in countries such as China, India, and Japan. Latin America and the Middle East & Africa also present opportunities, though growth is moderated by economic variability and competition from other beverages. Regional regulatory frameworks and distribution networks further shape market performance and strategic focus for companies operating globally.

Company Insights

Leading companies in the club soda market include The Coca-Cola Company, PepsiCo, Nestl? Waters, National Beverage Corp., and Dr Pepper Snapple Group, among others. The Coca-Cola Company, through brands like Schweppes, leverages its extensive global distribution and marketing prowess to maintain a strong market position. PepsiCo competes with products such as Sodastream and its portfolio of sparkling waters, emphasizing innovation and sustainability. Nestl? Waters offers club soda under brands like Perrier and San Pellegrino, focusing on premiumization and natural mineral content. National Beverage Corp., known for LaCroix, has carved a niche with its flavored sparkling waters, appealing to health-conscious consumers in North America. These companies invest heavily in research and development to introduce new flavors and healthier formulations, while also engaging in strategic acquisitions to expand their reach. Marketing strategies often highlight product benefits such as low calories, natural ingredients, and environmental credentials, aiming to differentiate in a competitive landscape. Smaller players and regional brands also contribute to market diversity by addressing local tastes and preferences.

Recent Developments

Recent developments in the club soda market reflect ongoing innovation and strategic moves by key players. Companies are increasingly launching new flavor variants and limited-edition products to attract consumers and capitalize on seasonal trends. For instance, there has been a surge in offerings with natural and organic ingredients, responding to demand for cleaner labels and healthier options. Sustainability initiatives have gained prominence, with brands introducing recyclable packaging, reducing plastic use, and implementing eco-friendly production processes to align with consumer environmental concerns. Mergers and acquisitions continue to shape the market, as larger entities acquire smaller brands to diversify their portfolios and enter new geographic regions. Technological advancements in carbonation and filtration are also being adopted to enhance product quality and efficiency. Additionally, marketing campaigns have shifted towards digital and social media platforms to engage younger audiences and promote club soda as a versatile, modern beverage. These developments indicate a dynamic market adapting to evolving consumer preferences and global challenges.

Report Segmentation

This report on the club soda market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type, distinguishing between flavored and unflavored club soda, each analyzed for their market share, growth trends, and consumer adoption patterns. Application segmentation covers key areas such as retail consumption, hospitality usage, and other applications including culinary and industrial uses, highlighting demand drivers and sector-specific dynamics. Geographical segmentation breaks down the market into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, examining regional trends, competitive landscapes, and growth opportunities. Additionally, the report includes segmentation by distribution channel, covering supermarkets/hypermarkets, convenience stores, online retail, and others, to understand sales patterns and consumer purchasing behavior. Each segment is evaluated based on historical data, current market conditions, and future projections, providing stakeholders with actionable intelligence for strategic decision-making and market positioning.

FAQs

What is club soda? Club soda is a carbonated water beverage that contains added minerals such as sodium bicarbonate, potassium sulfate, and disodium phosphate, giving it a slightly salty taste and making it popular as a mixer in drinks.

How is club soda different from seltzer? Club soda contains added minerals for taste, while seltzer is plain carbonated water without any minerals, resulting in a neutral flavor that differs from the slightly mineral taste of club soda.

Is club soda healthy? Club soda is generally considered a healthy alternative to sugary soft drinks because it is calorie-free and sugar-free, though it contains sodium, which should be monitored by individuals on low-sodium diets.

Can club soda be used in cooking? Yes, club soda is often used in cooking and baking to add lightness to batters, such as in tempura or pancake recipes, due to its carbonation which helps create a fluffy texture.

What are the popular brands of club soda? Popular brands include Schweppes by The Coca-Cola Company, Canada Dry by Keurig Dr Pepper, Seagram's, and LaCroix by National Beverage Corp., each offering various flavored and unflavored options.

Citius Research has developed a research report titled “Club Soda 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

• Club Soda 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 Club Soda 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.

Club Soda Market Segmentation

Market Segmentation

Regions Covered

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

Club Soda Market Analysis

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

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

Club Soda Market Key Stakeholders

Below are the key stakeholders for the Club Soda Market:

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

Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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 Club Soda 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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