Porridges 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: CR0195832
  • Format: Electronic (PDF)
  • Number of Pages: 211
  • Author(s): Joshi, Madhavi

Report Overview

The Porridges Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 6.8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Porridges Market

(Market Size)
$3.2 billion
$6.8 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 3.2 billion
2030 Market Size USD 6.8 billion
Key Players Nestlé, PepsiCo, Kellogg's, General Mills, Post Holdings

Market Summary

The porridges market represents a significant and evolving segment within the global food and beverages industry, characterized by its deep-rooted cultural significance and modern health-oriented adaptations. Traditionally consumed as a warm breakfast cereal, porridge is primarily made from grains like oats, rice, wheat, and corn, or from pseudocereals such as quinoa and amaranth. The market caters to a diverse consumer base seeking nutritious, convenient, and affordable meal options. Current trends indicate a strong shift towards products that are organic, gluten-free, and fortified with additional proteins, vitamins, and minerals to meet the demands of health-conscious individuals. The market is also witnessing innovation in flavor profiles and instant preparation formats, making it appealing to a broader demographic, including busy professionals and families. Established food conglomerates and niche health food brands are actively competing, driving product development and marketing strategies focused on wellness and sustainability.

Key Highlights

The porridges market is distinguished by several key factors that underscore its growth and dynamism. A primary highlight is the robust consumer inclination towards breakfast foods that offer both convenience and nutritional density, positioning porridge as an ideal choice. The proliferation of product varieties, including single-serve instant packets, ready-to-eat cups, and artisanal grain blends, demonstrates the industry's response to diverse consumption occasions and lifestyle needs. Furthermore, the market is experiencing increased penetration in retail channels, from supermarkets and hypermarkets to online grocery platforms, enhancing product accessibility globally. The strategic use of clean-label ingredients, non-GMO claims, and sustainable sourcing practices by leading companies like The Quaker Oats Company (PepsiCo), Bob?s Red Mill, and Nature's Path Foods serves as a significant market differentiator. These elements collectively highlight a market that is traditional yet innovative, consistently adapting to contemporary dietary trends and consumer preferences.

Drivers, Opportunities & Restraints

Market growth is propelled by several powerful drivers, with the escalating global focus on health and wellness standing paramount. The increasing prevalence of lifestyle-related diseases has prompted consumers to seek out heart-healthy, high-fiber food options, for which porridge is exceptionally well-suited. The rising demand for convenient breakfast solutions among the urban working population further accelerates market expansion. Significant opportunities lie in untapped geographical markets, particularly in developing regions of Asia-Pacific and Latin America, where urbanization and disposable incomes are rising. Product innovation, such as developing porridges with exotic superfoods, plant-based proteins, and catered to specific dietary regimes like keto or paleo, presents substantial growth potential. However, the market faces restraints including intense competition from other breakfast alternatives like cereals, yogurt, and breakfast bars. Price volatility of raw materials and the need for continuous marketing investments to educate consumers and build brand loyalty also pose challenges to widespread adoption and profitability.

Concentration Insights

The competitive landscape of the porridges market is characterized by a mix of high concentration among a few multinational giants and a fragmented presence of numerous small-to-medium-sized specialty players. A significant portion of the market share is held by large-scale food and beverage corporations such as PepsiCo through its Quaker Oats brand, which commands a formidable global presence with extensive distribution networks and strong brand equity. Alongside these leaders, there is a vibrant segment of companies focusing on organic, natural, and specialty products, including Bob?s Red Mill, Nature's Path Foods, and Bagrry's India Ltd. These players compete effectively by emphasizing their health credentials, ethical sourcing, and artisanal quality. The market concentration is further influenced by regional champions who dominate specific geographies with culturally tailored products. This structure creates a competitive environment where scale, brand recognition, and niche marketing strategies are all critical for success and market penetration.

Type Insights

The porridges market is segmented by type based on the primary ingredient used, with oat-based porridges constituting a dominant and highly popular category due to their well-established health benefits, particularly for heart health and cholesterol management. Other significant segments include rice porridge, commonly known as congee in Asian cuisines, and corn-based porridges like grits, which are staples in certain regional diets. There is a growing and influential segment comprising porridges made from alternative grains and pseudocereals such as quinoa, millet, amaranth, and buckwheat. These are gaining traction for being gluten-free and nutritionally superior, appealing to consumers with celiac disease or those simply seeking variety. Furthermore, the market offers multi-grain blends that combine the nutritional profile of several grains, providing a comprehensive health solution. The diversity in product types allows manufacturers to target specific consumer needs and dietary restrictions effectively.

Application Insights

Porridge products find application across several key distribution channels, reflecting their widespread consumption patterns. The primary application is through retail outlets, which include large-scale supermarkets, hypermarkets, convenience stores, and specialty health food stores. This channel makes products readily available to a mass consumer audience. There is a rapidly growing application in the online retail space, where e-commerce platforms and brand-owned websites offer a vast array of choices and subscription models, catering to the convenience-seeking modern shopper. Beyond retail, the foodservice industry represents a substantial application segment, with porridge being featured on the menus of cafes, hotels, restaurants, and corporate cafeterias, often positioned as a healthy and wholesome meal option. Some manufacturers also engage in business-to-business (B2B) applications, supplying their products as ingredients to other food producers or for institutional catering purposes, further broadening the market's reach.

Regional Insights

The demand and characteristics of the porridges market exhibit notable variation across different global regions. North America and Europe are mature markets characterized by high consumer awareness of health and wellness, driving demand for premium, organic, and fortified porridge products. These regions are hubs of innovation, with frequent new product launches. The Asia-Pacific region is emerging as a highly lucrative and fast-growing market, driven by the traditional consumption of porridge in countries like China, Japan, and India, where it is a dietary staple. Rising disposable incomes, urbanization, and the adoption of Western breakfast habits are further fueling growth in this region. Latin America and the Middle East and Africa present developing markets with growing potential, although penetration is currently lower. Cultural dietary preferences significantly influence product formulations and marketing strategies in each region, leading to a diverse global market landscape.

Company Insights

The porridges market features a competitive array of companies ranging from global food giants to focused organic brands. The Quaker Oats Company, a subsidiary of PepsiCo, is a universally recognized leader with a vast portfolio of oat-based products and immense marketing power. Bob?s Red Mill Natural Foods is another major player renowned for its whole grain and gluten-free offerings, commanding strong loyalty among health-conscious consumers. Nature's Path Foods, a leading organic breakfast company, has a significant presence with its sustainably sourced and environmentally conscious products. Other notable participants include Weetabix Limited, known for its Ready Brek brand in certain markets, and Bagrry's India Ltd., a key player in the Indian health food segment. These companies compete on factors such as product innovation, brand reputation, nutritional value, price positioning, and the expansiveness of their distribution networks to capture and maintain market share.

Recent Developments

The porridges market has been active with recent developments focused on innovation, expansion, and sustainability. Leading companies have been launching new product lines that cater to evolving dietary trends, such as high-protein porridges, keto-friendly options with low net carbohydrates, and blends featuring ancient grains and superfoods like chia seeds and flax seeds. There is a marked increase in packaging innovations aimed at enhancing convenience and reducing environmental impact, including compostable sachets and reduced plastic use. Market players are also engaging in strategic acquisitions and partnerships to expand their geographic footprint and enter new consumer segments. Furthermore, there is a heightened emphasis on transparent labeling and sourcing practices, with many brands promoting stories of ethical sourcing and support for sustainable agriculture to build stronger connections with ethically minded consumers.

Report Segmentation

This comprehensive market research report on the porridges market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation by type categorizes the market into oat-based, wheat-based, rice-based, corn-based, and multi-grain porridges, among others. The segmentation by application covers key distribution channels such as supermarkets/hypermarkets, convenience stores, online retail, and others. Geographically, the report provides an in-depth analysis of regional markets including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. Each regional analysis covers key countries, market trends, and growth factors specific to that area. Additional segmentation may include analysis based on product nature, such as conventional versus organic porridges, and by packaging type. This multi-faceted segmentation allows for a thorough understanding of market dynamics, opportunities, and competitive scenarios across different segments.

FAQs

What are the main ingredients used in porridge?

Porridge is traditionally made from a variety of grains simmered in water or milk. The most common base ingredient is oats, leading to the popular dish known as oatmeal. Other widely used grains include rice, wheat, corn (often as grits or polenta), and rye. In modern variations, pseudocereals like quinoa, amaranth, and buckwheat are also used to create gluten-free and nutrient-dense porridge options.

Is porridge considered a healthy breakfast option?

Yes, porridge is widely regarded as a very healthy breakfast choice. It is typically high in dietary fiber, particularly beta-glucan found in oats, which is known to support heart health by helping to lower cholesterol levels. Porridge provides complex carbohydrates for sustained energy release, is often low in fat, and can be a good source of essential vitamins and minerals, especially when made from whole grains and fortified varieties.

What is the difference between porridge and oatmeal?

The terms are often used interchangeably, but there is a technical difference. Porridge is a broad term for any dish made by boiling ground, crushed, or chopped starchy plant material?most often a grain?in water or milk. Oatmeal is a specific type of porridge that is made exclusively from oats. Therefore, all oatmeal is porridge, but not all porridge is oatmeal, as it can be made from other grains like rice or corn.

How is instant porridge made?

Instant porridge is made through a process that pre-cooks the grains. Typically, the oats or other grains are steamed for a prolonged period and then rolled very thin. This precooking process allows the starches to gelatinize, meaning they can absorb hot water very quickly. The product is then dried. This manufacturing process enables consumers to prepare a serving simply by adding hot water or milk and stirring, making it a convenient option for quick preparation.

Can porridge be eaten on a gluten-free diet?

Porridge can be eaten on a gluten-free diet, but careful selection of ingredients is crucial. Traditional porridge made from oats is inherently gluten-free, but oats are frequently contaminated with gluten-containing grains like wheat, barley, or rye during growing and processing. Therefore, individuals with celiac disease or gluten sensitivity must choose porridge made from certified gluten-free oats. Alternatively, they can opt for porridges made from inherently gluten-free grains like rice, corn, quinoa, millet, or amaranth.

Citius Research has developed a research report titled “Porridges 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

• Porridges 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 Porridges 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.

Porridges Market Segmentation

Market Segmentation

Regions Covered

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

Porridges Market Analysis

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

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

Porridges Market Key Stakeholders

Below are the key stakeholders for the Porridges Market:

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

Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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 Porridges 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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