Non-Thermal Processing 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: CR0196190
  • Format: Electronic (PDF)
  • Number of Pages: 179
  • Author(s): Joshi, Madhavi

Report Overview

The Non-Thermal Processing Market size was estimated at USD 5.2 billion in 2023 and is projected to reach USD 11 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Non-Thermal Processing Market

(Market Size)
$5.2 billion
$11 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.50%
2023 Market Size USD 5.2 billion
2030 Market Size USD 11 billion
Key Players Hiperbaric, Avure Technologies, ThyssenKrupp, Elea, Pulsemaster

Market Summary

The non-thermal processing market within the food and beverages industry represents a transformative approach to food preservation and safety, diverging from traditional heat-based methods. This innovative sector focuses on techniques that inactivate microorganisms and enzymes without significantly raising product temperature, thereby better preserving nutritional quality, sensory attributes, and freshness. Key technologies driving this market include High-Pressure Processing (HPP), Pulsed Electric Fields (PEF), Cold Plasma, Ultrasonication, and Irradiation. The adoption is primarily fueled by the escalating consumer demand for minimally processed, clean-label foods that retain their natural goodness. Food manufacturers are increasingly integrating these technologies to extend shelf life, ensure food safety, and meet the stringent regulatory standards for pathogen reduction without compromising on product quality. The market is characterized by continuous research and development efforts aimed at enhancing the efficacy and scalability of these processes for a wider range of food matrices, from juices and dairy to ready-to-eat meals and meat products.

Key Highlights

The non-thermal processing market is distinguished by several pivotal advancements that underscore its growing importance. A primary highlight is the superior ability of these technologies to maintain the organoleptic properties of food?such as taste, texture, color, and aroma?which are often degraded by thermal treatment. This quality preservation is a significant competitive advantage for brands targeting health-conscious consumers. Furthermore, non-thermal methods are exceptionally effective against a broad spectrum of pathogens and spoilage organisms, enhancing food safety profiles. The technology's versatility is another key strength, being applicable to diverse product categories including beverages, fruits and vegetables, meat and poultry, and seafood. Leading food corporations and innovative startups are actively investing in and deploying these systems, signaling strong industry confidence. The regulatory landscape is also evolving to support these novel technologies, with agencies granting approvals for various applications, which facilitates broader commercial adoption and market growth.

Drivers, Opportunities & Restraints

The expansion of the non-thermal processing market is propelled by a confluence of powerful drivers. The most significant is the shifting consumer paradigm towards health and wellness, which fuels demand for fresh-tasting, nutrient-rich food products with no artificial preservatives. This consumer trend is complemented by the food industry's pursuit of sustainable and efficient processing solutions that reduce energy consumption compared to some thermal methods. Stringent global food safety regulations mandating pathogen control further act as a critical driver for adoption. The market presents substantial opportunities in the development of multi-hurdle technology approaches, combining non-thermal techniques with mild heat or natural antimicrobials for synergistic effects. Emerging economies with growing middle classes represent vast untapped markets for premium, safe, and high-quality processed foods. However, the market growth is tempered by notable restraints. The high initial capital investment required for equipment like HPP systems can be a barrier for small and medium-sized enterprises. Technical challenges in processing certain dense or complex food products uniformly also exist. Additionally, a lack of widespread consumer awareness and understanding of these technologies, sometimes leading to perception issues, can hinder market penetration and require concerted educational efforts.

Concentration Insights

The competitive landscape of the non-thermal processing market features a mix of established industrial equipment manufacturers and specialized technology firms. The market concentration is currently moderate, with a handful of key players holding significant technological expertise and patent portfolios, particularly in dominant segments like High-Pressure Processing. Companies such as Hiperbaric S.A. and Avure Technologies are prominent in the HPP domain. However, the market is also witnessing the entry of numerous innovative startups and research spin-offs focusing on emerging technologies like cold plasma and Pulsed Electric Fields, which fosters a dynamic and competitive environment. This activity is concentrated in regions with strong research institutions and a robust food processing industry, notably North America and Europe. Strategic initiatives including mergers and acquisitions, partnerships with food manufacturers for pilot testing, and extensive R&D investments are common as companies strive to enhance their market presence and expand their technological applications across different food verticals.

Type Insights

The non-thermal processing market is segmented by technology type, each with distinct mechanisms and applications. High-Pressure Processing (HPP) is a well-established leader, utilizing extreme isostatic pressure transmitted by water to inactivate pathogens and spoilage microbes in products like juices, guacamole, and deli meats. Pulsed Electric Fields (PEF) uses short bursts of high voltage to electroporate microbial cells, making it highly suitable for liquid foods such as milk and fruit juices, enhancing shelf life without heat. Cold Plasma technology, an emerging method, employs ionized gas to generate reactive species that decontaminate surface microorganisms on fruits, vegetables, and packaging materials. Ultrasonic processing uses high-frequency sound waves to cause cavitation, effective for emulsification, extraction, and microbial inactivation. Irradiation, which uses ionizing radiation, is another method, though it faces more consumer acceptance challenges. Each technology offers a unique value proposition, and their adoption is dictated by factors like food product characteristics, desired shelf life, capital cost, and operational scalability.

Application Insights

The application of non-thermal processing technologies spans the entire spectrum of the food and beverage industry, addressing specific challenges in each category. In the beverage sector, particularly for fruit and vegetable juices, these technologies are extensively used to achieve microbial safety while preserving fresh-like flavors and heat-sensitive vitamins, a clear advantage over pasteurization. The meat and poultry industry leverages HPP to control Listeria and other pathogens in ready-to-eat products, significantly extending shelf life and enhancing safety. For fruits and vegetables, non-thermal methods are used for decontamination of fresh-cut and ready-to-eat produce, maintaining crispness and nutritional quality. The dairy industry applies these technologies to products like milk and yogurt drinks to prevent spoilage without the cooked flavor associated with heating. Furthermore, the seafood industry uses it to address microbial loads in raw and cooked products. The broad applicability underscores the technology's role as a cornerstone for innovation in product development and food safety management across the industry.

Regional Insights

Adoption and growth of non-thermal processing technologies exhibit distinct regional patterns influenced by consumer preferences, regulatory frameworks, and industrial development. North America holds a significant share of the market, driven by high consumer awareness regarding food safety and quality, a strong presence of leading technology providers, and a robust processed food industry eager to innovate. The regulatory environment, particularly from the FDA, which has recognized HPP as an effective intervention, supports this growth. Europe is another major market, characterized by stringent food safety regulations from EFSA and a strong consumer inclination towards natural and organic products, creating a fertile ground for non-thermal technologies. The Asia-Pacific region is anticipated to witness the fastest growth, fueled by rising disposable incomes, urbanization, increasing concern for food safety, and the expansion of modern retail chains that stock products with longer shelf lives. Latin America and the Middle East and Africa are emerging markets, with growth potential linked to economic development and increasing investment in food processing infrastructure.

Company Insights

The non-thermal processing market's competitive environment is shaped by a cohort of innovative companies specializing in different technological domains. Hiperbaric S.A. is a globally recognized leader in High-Pressure Processing equipment, providing systems for a wide array of food industries. JBT Corporation, through its Avure Technologies segment, is another major player in the HPP space, offering large-scale industrial solutions. Companies like Dukane Corporation and Energy Pulse Systems are active in the Pulsed Electric Fields segment, focusing on liquid food preservation. For ultrasonic processing, firms such as Bosch Processing Technology and Hielscher Ultrasonics GmbH provide advanced systems. Beyond equipment manufacturers, key stakeholders also include food processing giants like Hormel Foods, Suja Life, and Fresh Pressery, which have successfully integrated these technologies into their production lines, creating market-leading brands that exemplify the commercial viability and consumer appeal of non-thermally processed foods. These companies collectively drive innovation, market education, and technological adoption.

Recent Developments

The non-thermal processing market is characterized by rapid technological evolution and strategic industry movements. Recent years have seen significant advancements aimed at improving efficiency and reducing costs. There is a notable trend towards the development of more compact, energy-efficient, and continuous-processing HPP systems to make the technology accessible to smaller producers. In the PEF domain, research is focused on expanding applications beyond liquids to include solid food matrices. A key development area is cold plasma, with progress being made in creating systems suitable for inline processing of powders and spices. Furthermore, the industry has witnessed strategic collaborations between equipment manufacturers and food companies to co-develop tailored solutions for specific product challenges. Investment in R&D has also intensified, exploring the synergistic effects of combining non-thermal technologies with natural antimicrobials for hurdle technology approaches. These developments reflect a market that is maturing and innovating to overcome initial barriers and expand its application footprint.

Report Segmentation

This comprehensive market research report on the non-thermal processing market provides a detailed and structured analysis to furnish stakeholders with actionable intelligence. The report is meticulously segmented to allow for a granular understanding of the market dynamics. The segmentation is based on technology type, categorizing the market into High-Pressure Processing, Pulsed Electric Fields, Cold Plasma, Ultrasonic Processing, Irradiation, and other emerging technologies. Further segmentation is conducted by application, detailing the usage across key sectors such as Food and Beverages, with sub-categories including Meat & Poultry, Fruits & Vegetables, Juices & Beverages, Dairy, and Seafood. The report also includes a geographical segmentation, providing regional analysis for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. This multi-dimensional segmentation enables readers to identify specific growth pockets, understand technology adoption patterns in different applications, and assess regional market potential, thereby supporting strategic planning and investment decisions.

FAQs

What is non-thermal food processing?

Non-thermal food processing refers to a suite of technologies used to preserve and ensure the safety of food without applying significant heat. These methods, including High-Pressure Processing and Pulsed Electric Fields, inactivate microorganisms and enzymes through mechanisms like pressure, electric pulses, or radiation, thereby better retaining the food's original nutritional value, flavor, and texture compared to traditional thermal pasteurization or sterilization.

What are the advantages of non-thermal processing?

The primary advantages include superior preservation of sensory and nutritional qualities of food, such as taste, color, aroma, and vitamins. These technologies effectively enhance food safety by eliminating pathogenic and spoilage microorganisms, extend product shelf life, and align with the growing consumer demand for clean-label and minimally processed products without artificial preservatives.

Which non-thermal processing technique is best?

There is no single "best" technique universally; the optimal technology depends entirely on the specific food product and the desired outcome. High-Pressure Processing is excellent for packaged solid and liquid foods like juices and meats. Pulsed Electric Fields are highly effective for pumpable liquid foods. Cold Plasma is ideal for surface decontamination of produce. The choice is based on factors like product type, target microbes, cost, and scale.

What are the challenges of non-thermal processing?

Key challenges include the high initial capital investment required for machinery, which can be a barrier for smaller producers. Some technologies face limitations in effectively treating certain types of dense or heterogeneous food products uniformly. Furthermore, a lack of broad consumer awareness and occasional misconceptions about technologies like irradiation can pose market acceptance challenges, necessitating industry-wide education efforts.

What is driving the growth of the non-thermal processing market?

Market growth is predominantly driven by increasing consumer demand for fresh, natural, and nutritious food products with minimal processing. Stringent government regulations for food safety and pathogen control are compelling manufacturers to adopt effective preservation technologies. Additionally, the food industry's continuous pursuit of innovation to improve product quality, extend shelf life, and meet sustainability goals by reducing energy consumption is a significant growth driver.

Citius Research has developed a research report titled “Non-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing Market Segmentation

Market Segmentation

Regions Covered

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

Non-Thermal Processing Market Analysis

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

• Overview of Non-Thermal Processing Market
• Research Methodology
• Executive Summary
• Market Dynamics of Non-Thermal Processing 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-Thermal Processing Market
• Cost and Gross Margin Analysis of Non-Thermal Processing Market
• Non-Thermal Processing 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-Thermal Processing 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-Thermal Processing Market Key Stakeholders

Below are the key stakeholders for the Non-Thermal Processing Market:

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

Non-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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-Thermal Processing 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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