Non-GMO Food Products 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: CR0195705
  • Format: Electronic (PDF)
  • Number of Pages: 208
  • Author(s): Joshi, Madhavi

Report Overview

The Non-GMO Food Products Market size was estimated at USD 45 billion in 2023 and is projected to reach USD 75 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.00% during the forecast period (2024-2030).

Non-GMO Food Products Market

(Market Size)
$45 billion
$75 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.00%
2023 Market Size USD 45 billion
2030 Market Size USD 75 billion
Key Players Nestlé, Danone, General Mills, Kellogg's, Hain Celestial

Market Summary

The non-GMO food products market represents a significant and expanding segment within the global food and beverages industry, driven by a profound shift in consumer consciousness toward health, wellness, and food transparency. This market encompasses a wide array of food items that are produced without the use of genetically modified organisms, spanning categories from fresh produce and packaged goods to beverages and dietary supplements. The core value proposition of these products lies in their perceived naturalness and alignment with a clean-label lifestyle, appealing to a broad demographic that includes health-conscious individuals, families, and ethically-minded consumers. The supply chain for non-GMO products is rigorously monitored, often requiring certification from organizations like the Non-GMO Project to verify compliance from seed to shelf, which in turn builds crucial consumer trust. This market is not merely a niche trend but has firmly established itself in mainstream retail channels, including major supermarkets, specialty health food stores, and robust online platforms, reflecting its widespread acceptance and commercial viability for businesses operating in this space.

Key Highlights

The non-GMO food products market is characterized by several defining features that underscore its dynamic nature. A primary highlight is the powerful influence of consumer advocacy and education, which has been instrumental in raising awareness about GMOs and propelling demand for verified alternatives. This has led to the proliferation of third-party verification and labeling, with the Non-GMO Project Verified seal becoming one of the most recognized and trusted marks in the industry, effectively serving as a key purchasing driver. Another significant highlight is the strategic response from major food corporations and retailers. Industry giants such as General Mills and Danone have reformulated flagship products to be non-GMO, while retailers like Whole Foods Market have built their brand identity around offering transparent and natural food options. Furthermore, innovation in product development is relentless, with companies expanding non-GMO offerings into new categories such as plant-based meats, organic snacks, and non-dairy alternatives, continuously pushing the boundaries of the market and creating new avenues for growth and competition.

Drivers, Opportunities & Restraints

The growth of the non-GMO food products market is propelled by a confluence of powerful drivers. The most prominent is escalating consumer demand for clean-label, transparently sourced, and perceived healthier food options, fueled by greater health awareness and a desire to avoid artificial ingredients. Increased media coverage and documentary films have also played a substantial role in educating the public and shaping purchasing habits. Significant opportunities for market expansion are abundant, particularly in emerging economies where rising disposable incomes and growing health consciousness are creating new consumer bases. There is also considerable potential for innovation in product formulation, packaging, and marketing to capture specific demographic segments. However, the market faces notable restraints. A primary challenge is the higher cost of non-GMO ingredients and the complex, costly supply chain management required to prevent contamination, often resulting in a premium price point that can limit mass-market adoption. Additionally, the existence of competing labels, such as organic and natural, can sometimes create consumer confusion, potentially diluting the specific value proposition of the non-GMO claim.

Concentration Insights

The competitive landscape of the non-GMO food products market features a diverse mix of players, ranging from small, specialized organic brands to large, multinational food conglomerates. The market concentration is relatively fragmented, with numerous dedicated companies like Amy?s Kitchen and Nature?s Path Foods holding strong positions due to their long-standing commitment to natural and organic principles. However, there is a clear trend toward consolidation and increased participation from major players. Corporations such as The Hain Celestial Group and General Mills have made significant acquisitions and investments to bolster their non-GMO and organic portfolios, recognizing the segment's profitability and growth potential. This has led to a competitive environment where scale, distribution networks, and brand trust are critical differentiators. Private label brands from major retailers also represent a growing force, offering consumers certified non-GMO products at more accessible price points, thereby increasing competition and market penetration.

Type Insights

The non-GMO food products market is segmented into a diverse range of product types, each exhibiting unique growth dynamics. Processed food and beverages constitute a substantial portion of the market, including items like breakfast cereals, snack bars, baked goods, and ready-to-eat meals that have been reformulated to meet non-GMO standards. The fresh produce segment is another foundational category, with non-GMO fruits and vegetables being a primary entry point for many consumers. The dairy and meat alternatives segment is experiencing exceptionally rapid growth, driven by the parallel trends of plant-based diets and non-GMO demand, featuring products like almond milk, tofu, and veggie burgers. Furthermore, the market includes staple commodities such as non-GMO grains, legumes, and cooking oils, which are essential ingredients for both consumers and food manufacturers committed to clean-label production. This variety ensures that the market addresses a wide spectrum of consumer needs and meal occasions.

Application Insights

Non-GMO food products find application across multiple channels, catering to both direct consumer consumption and business-to-business ingredient supply. The primary application is through retail distribution, which includes supermarkets and hypermarkets, convenience stores, and specialty health food stores. Within these outlets, products are merchandised to highlight their non-GMO status as a key selling feature. The food service industry represents another significant application segment, with restaurants, cafes, and catering services increasingly sourcing non-GMO ingredients to meet customer demand for healthier and more sustainable menu options. Schools and universities are also emerging as important application areas as part of initiatives to provide healthier meal programs. Additionally, a substantial application exists within the manufacturing sector, where non-GMO raw materials like corn, soy, and sugar are sourced as inputs for producing a vast array of other certified food and beverage products, creating a extensive B2B market within the supply chain.

Regional Insights

The adoption and maturity of the non-GMO food products market vary significantly across different global regions. North America, particularly the United States and Canada, represents the largest and most developed market. This dominance is attributed to high consumer awareness, strong advocacy groups, widespread retail availability, and the early adoption of mandatory GMO labeling laws in some states, which spurred industry-wide reformulation. Europe also represents a major market with a historically cautious stance toward GMOs, leading to stringent regulations and a well-established demand for non-GMO and organic products. The Asia-Pacific region is identified as the fastest-growing market, fueled by rising health consciousness, growing disposable incomes in countries like China and India, and increasing importation of certified non-GMO commodities. While Latin America and the Middle East & Africa are smaller markets currently, they present future growth potential as consumer trends toward health and wellness continue to globalize.

Company Insights

The competitive arena features a strategic blend of dedicated natural food companies and adapting multinational giants. Prominent players who have built their brand identity around non-GMO and organic offerings include Amy?s Kitchen, known for its frozen meals and soups; Nature?s Path Foods, a leader in organic breakfast foods; and The Hain Celestial Group, which owns a vast portfolio of brands like Earth's Best and Arrowhead Mills. Traditional food powerhouses have also made significant inroads. General Mills converted its classic Cheerios cereal to non-GMO, and Danone has expanded its non-GMO dairy and plant-based products. United Natural Foods Inc. (UNFI) and Whole Foods Market play crucial roles as major distributors and retailers, respectively, providing essential channels to market for both large and small brands. This diverse competitive landscape indicates a market that rewards both pure-play specialization and the scale and resources of large corporations.

Recent Developments

The non-GMO food products market continues to evolve rapidly, with recent developments highlighting its maturation and innovation. A key trend is the expansion of non-GMO verification beyond human food into adjacent markets, including pet food, where brands are increasingly promoting non-GMO ingredients to appeal to health-conscious pet owners. There has also been a notable increase in mergers and acquisitions, as larger companies seek to acquire successful niche brands to quickly gain market share and expertise in the natural foods space. Product innovation remains intense, with companies launching non-GMO versions of popular indulgent categories like snacks, chocolates, and beverages to prove that health-conscious options can also be appealing and flavorful. Furthermore, advancements in supply chain technology, including blockchain and other traceability systems, are being adopted to provide even greater transparency and verification from farm to table, addressing consumer demands for proof and building stronger brand loyalty.

Report Segmentation

This comprehensive market research report on the non-GMO food products market provides a detailed and structured analysis segmented to deliver actionable insights. The segmentation is designed to provide a multi-dimensional view of the market landscape. The report is segmented by product type, which includes categories such as cereals & grains, bakery products, dairy alternatives, meat alternatives, beverages, and other processed foods. It is further segmented by application, analyzing the market through the lenses of direct retail sales to consumers and business-to-business sales for use as ingredients. Distribution channel segmentation covers supermarkets/hypermarkets, convenience stores, specialty stores, and online retail platforms. Finally, the report offers a thorough geographical segmentation, providing detailed analysis for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, highlighting regional trends, growth rates, and competitive dynamics specific to each area.

FAQs

What does non-GMO mean?

Non-GMO means non-genetically modified organism. It refers to foods, ingredients, and products that have been produced without genetic engineering techniques. These products are derived from organisms whose genetic material has not been artificially altered in a laboratory through genetic engineering.

Is non-GMO the same as organic?

No, non-GMO and organic are not the same, although they are related. Organic certification standards legally prohibit the use of GMOs, so all certified organic products are inherently non-GMO. However, a product can be non-GMO without being organic, as non-GMO certification does not cover the other strict farming practices required for organic status, such as the prohibition of synthetic pesticides and fertilizers.

What are non-GMO foods examples?

Examples of non-GMO foods are vast and include fruits and vegetables that are traditionally bred, grains like quinoa and oats, legumes such as lentils and chickpeas, and any processed food product that has been verified to contain only ingredients sourced from non-GMO crops. This can range from non-GMO Project Verified tortilla chips and breakfast cereals to tofu made from non-GMO soybeans and cooking oils like olive or sunflower oil.

Why is non-GMO important?

Non-GMO is important to many consumers for several reasons, including concerns about potential long-term health effects of consuming GMOs, a desire for more natural and traditionally produced foods, and environmental considerations regarding the impact of GMO crop cultivation. Choosing non-GMO products is often seen as a way to support agricultural transparency and sustainable farming practices.

How are non-GMO products verified?

Non-GMO products are typically verified through rigorous third-party certification programs. The most prominent standard is administered by the Non-GMO Project, which tests high-risk ingredients and requires ongoing testing and traceability audits throughout the supply chain to ensure compliance. Products that meet the standard are awarded the Non-GMO Project Verified seal, which is a recognized mark for consumers seeking verified non-GMO options.

Citius Research has developed a research report titled “Non-GMO Food Products 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

• Non-GMO Food Products 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 Non-GMO Food Products 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.

Non-GMO Food Products Market Segmentation

Market Segmentation

Regions Covered

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

Non-GMO Food Products Market Analysis

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

• Overview of Non-GMO Food Products Market
• Research Methodology
• Executive Summary
• Market Dynamics of Non-GMO Food Products 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 Non-GMO Food Products Market
• Cost and Gross Margin Analysis of Non-GMO Food Products Market
• Non-GMO Food Products 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 “Non-GMO Food Products 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.

Non-GMO Food Products Market Key Stakeholders

Below are the key stakeholders for the Non-GMO Food Products Market:

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

Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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 Non-GMO Food Products 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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