Frozen Chicken 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: CR0197232
  • Format: Electronic (PDF)
  • Number of Pages: 194
  • Author(s): Joshi, Madhavi

Report Overview

The Frozen Chicken Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 70 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2024-2030).

Frozen Chicken Market

(Market Size)
$45 billion
$70 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.50%
2023 Market Size USD 45 billion
2030 Market Size USD 70 billion
Key Players Tyson Foods, Pilgrim's Pride, Sanderson Farms

Market Summary

The frozen chicken market is a significant and dynamic segment within the global food and beverages industry, characterized by the preservation of chicken products through freezing techniques to extend shelf life and ensure year-round availability. This market caters to a diverse range of end-users, from individual households to large-scale food service providers and food processors. The demand is primarily driven by the product's convenience, longer storage capability, and the growing consumer shift towards protein-rich diets. The supply chain is well-established, involving poultry farmers, processing plants, freezing facilities, distributors, and retail outlets, ensuring a consistent flow of products to meet global consumption patterns. The market is highly competitive, with numerous players striving to enhance their product portfolios through innovation in processing, packaging, and value-added offerings. Geographically, consumption and production are widespread, though certain regions exhibit higher growth rates due to evolving dietary habits and economic development. The market's resilience is evident in its ability to adapt to challenges such as supply chain disruptions and shifting consumer preferences, maintaining a steady trajectory in the broader food industry landscape.

Key Highlights

The frozen chicken market is distinguished by several key attributes that underscore its importance. A primary highlight is the extensive application across various food sectors, including ready-to-eat meals, fast-food chains, and household consumption, demonstrating its versatility. The advancement in freezing technologies, such as individual quick freezing (IQF), has significantly improved product quality, preserving taste, texture, and nutritional value, which is a critical factor for consumer acceptance. Furthermore, the market benefits from robust logistical and cold chain infrastructure developments, enabling efficient distribution and minimizing wastage. Another notable aspect is the increasing penetration of private label brands alongside established multinational corporations, intensifying competition and fostering innovation. The market also reflects a growing trend towards value-added products, such as marinated, pre-cooked, and portion-controlled chicken items, catering to the demand for convenience and variety. These highlights collectively contribute to the market's sustained growth and its pivotal role in the global food supply chain, appealing to a broad spectrum of business stakeholders.

Drivers, Opportunities & Restraints

The growth of the frozen chicken market is propelled by several drivers, including rising urbanization, busier lifestyles, and the consequent demand for convenient and time-saving food options. The expansion of retail networks, particularly hypermarkets, supermarkets, and online grocery platforms, has enhanced product accessibility, further stimulating consumption. Additionally, the cost-effectiveness of chicken compared to other meat proteins makes it an attractive choice for budget-conscious consumers, bolstering market expansion. Opportunities abound in emerging economies, where increasing disposable incomes and westernization of diets are creating new consumer bases. Product innovation, such as organic, antibiotic-free, and sustainably sourced frozen chicken, presents significant growth potential by aligning with health and wellness trends. However, the market faces restraints, including health concerns related to processed and frozen foods, which can deter some health-aware consumers. Fluctuations in raw material prices and stringent regulations regarding food safety and animal welfare also pose challenges. Moreover, logistical complexities and the high energy costs associated with maintaining cold chains can impact profitability, requiring continuous operational efficiencies.

Concentration Insights

The frozen chicken market exhibits a moderate level of concentration, with a mix of large multinational corporations and regional players dominating the landscape. Key companies such as Tyson Foods, JBS S.A., and Cargill Incorporated hold substantial market shares due to their extensive production capacities, diversified product portfolios, and strong distribution networks. These industry leaders often engage in strategic initiatives like mergers, acquisitions, and partnerships to consolidate their positions and expand geographical reach. Simultaneously, numerous smaller and medium-sized enterprises operate in niche segments or specific regions, focusing on specialized products like organic or halal-certified frozen chicken to cater to distinct consumer demographics. The competitive intensity is high, driven by factors such as brand loyalty, pricing strategies, and product quality. Market concentration varies by region; for instance, North America and Europe are more consolidated, while Asia-Pacific shows a fragmented structure with local players holding significant sway. This dynamic necessitates continuous innovation and strategic planning for companies to maintain competitiveness and capitalize on growth opportunities.

Type Insights

The frozen chicken market is segmented into various product types based on cuts and processing levels, each catering to specific consumer needs and applications. Common categories include whole chicken, chicken cuts (such as breasts, thighs, wings, and drumsticks), and further processed products like nuggets, strips, and patties. Whole frozen chicken is popular for traditional cooking and festive occasions, while cuts offer convenience for targeted meal preparation. The processed segment, encompassing ready-to-cook and ready-to-eat items, is experiencing rapid growth due to the increasing demand for convenience foods among urban populations. Additionally, value-added products, which are often marinated, pre-cooked, or seasoned, are gaining traction as they reduce preparation time and enhance flavor profiles. The choice of product type is influenced by factors such as cultural preferences, dietary habits, and occasion-based consumption. Manufacturers are continuously innovating within these segments to introduce healthier options, such as gluten-free or low-sodium variants, to align with evolving consumer health consciousness and dietary restrictions.

Application Insights

Frozen chicken finds applications across a broad spectrum of end-use sectors, primarily segmented into food service, retail, and industrial uses. The food service industry, including restaurants, hotels, fast-food chains, and catering services, is a major consumer, utilizing frozen chicken for its consistency, ease of storage, and cost efficiency in bulk preparations. Retail applications involve sales through various channels like supermarkets, hypermarkets, convenience stores, and online platforms, where products are purchased by individual consumers for household consumption. Within retail, there is a growing trend towards premium and organic frozen chicken products aimed at health-conscious shoppers. Industrial applications include the use of frozen chicken as an ingredient in processed food manufacturing, such as in ready meals, soups, and snacks. Each application segment has distinct requirements regarding packaging, portion sizes, and quality standards, driving manufacturers to tailor their offerings accordingly. The diversification of applications underscores the integral role of frozen chicken in modern food systems, supporting both commercial and domestic culinary practices.

Regional Insights

The frozen chicken market demonstrates varied dynamics across different geographical regions, influenced by cultural, economic, and dietary factors. North America and Europe are mature markets characterized by high per capita consumption, advanced cold chain infrastructure, and a strong presence of major industry players. These regions exhibit a preference for value-added and convenience-oriented products, driven by busy lifestyles. The Asia-Pacific region is a rapidly growing market, fueled by rising populations, urbanization, increasing disposable incomes, and the growing influence of Western food habits. Countries like China, India, and Japan are significant contributors to demand, with local and international companies expanding their footprint. Latin America and the Middle East & Africa are emerging markets where economic development and changing consumption patterns are fostering growth, though challenges such as infrastructure gaps persist. Each region has its regulatory environment and consumer preferences, necessitating localized strategies for market participants to effectively address regional specifics and capitalize on growth potentials.

Company Insights

The competitive landscape of the frozen chicken market features a blend of global giants and specialized regional firms. Leading companies such as Tyson Foods Inc., JBS S.A., BRF S.A., Cargill Incorporated, and Pilgrim's Pride Corporation dominate with extensive product ranges, robust supply chains, and strong brand recognition. These corporations often engage in vertical integration, controlling stages from poultry farming to processing and distribution, which enhances cost efficiency and quality control. They invest significantly in research and development to innovate in product offerings, such as introducing antibiotic-free, organic, or plant-based blended chicken products to meet contemporary consumer demands. Regional players, including companies like Marfrig Global Foods S.A. in South America and LDC Group in Europe, focus on leveraging local insights and preferences to maintain competitive advantages. The market also sees participation from private label brands offered by major retailers, which compete on price and quality. Strategic activities such as mergers, acquisitions, and expansions into new geographical areas are common as companies seek to strengthen their market positions and tap into emerging opportunities.

Recent Developments

The frozen chicken market has witnessed several noteworthy developments reflecting industry trends and strategic movements. There has been a significant push towards sustainability, with companies adopting environmentally friendly practices in packaging, such as using recyclable materials, and in operations, like reducing water and energy consumption. Technological advancements in freezing techniques and cold chain logistics have been emphasized to enhance product quality and extend shelf life further. Many key players have launched new product lines focused on health and wellness, including offerings that are organic, free from antibiotics, and lower in sodium, responding to growing consumer health consciousness. Expansion strategies have been prominent, with investments in new production facilities, particularly in high-growth regions like Asia-Pacific, to increase capacity and market penetration. Additionally, partnerships and collaborations between manufacturers and retail or food service chains have strengthened distribution networks. The industry has also seen increased scrutiny and adaptation to regulatory changes concerning food safety, animal welfare, and labeling requirements, ensuring compliance and maintaining consumer trust.

Report Segmentation

This comprehensive market research report on the frozen chicken industry provides detailed segmentation to offer granular insights for strategic decision-making. The report is segmented by product type, which includes whole chicken, cuts, and processed products, allowing analysis of demand patterns and growth prospects for each category. Application segmentation covers food service, retail, and industrial applications, highlighting consumption trends across different end-use sectors. Geographical segmentation breaks down the market into key regions and major countries, providing insights into regional dynamics, growth rates, and competitive landscapes. Additionally, the report may include segmentation by distribution channel, such as store-based retail and online retail, to understand shifting purchase behaviors. Each segment is analyzed in terms of market dynamics, including drivers, restraints, and opportunities, supported by qualitative and quantitative assessments. This structured approach enables businesses, investors, and stakeholders to identify niche opportunities, understand competitive intensity, and formulate targeted strategies based on comprehensive, segmented market intelligence.

FAQs

What is the shelf life of frozen chicken?

Frozen chicken typically has a shelf life of up to nine months when stored consistently at 0?F (-18?C) or below. Proper packaging is crucial to prevent freezer burn and maintain quality.

Is frozen chicken healthy?

Yes, frozen chicken can be a healthy option as the freezing process preserves nutritional value, including protein content. However, consumers should check labels for added sodium or preservatives in processed varieties.

How is frozen chicken processed?

Frozen chicken is processed through steps including slaughter, evisceration, cutting if required, and then rapid freezing using methods like blast freezing to retain texture and prevent bacterial growth.

What are the major companies in the frozen chicken market?

Major companies include Tyson Foods, JBS S.A., Cargill, BRF S.A., and Pilgrim's Pride Corporation, which are global leaders with extensive production and distribution networks.

Can you refreeze thawed chicken?

It is not recommended to refreeze thawed chicken due to safety concerns, as it can lead to bacterial growth and quality degradation if not handled properly during thawing.

Citius Research has developed a research report titled “Frozen Chicken 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

• Frozen Chicken 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 Frozen Chicken 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.

Frozen Chicken Market Segmentation

Market Segmentation

Regions Covered

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

Frozen Chicken Market Analysis

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

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

Frozen Chicken Market Key Stakeholders

Below are the key stakeholders for the Frozen Chicken Market:

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

Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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 Frozen Chicken 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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