Single-strain Probiotics 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: CR0195954
  • Format: Electronic (PDF)
  • Number of Pages: 220
  • Author(s): Joshi, Madhavi

Report Overview

The Single-strain Probiotics Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Single-strain Probiotics Market

(Market Size)
$1.2 billion
$2.5 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 1.2 billion
2030 Market Size USD 2.5 billion
Key Players Chr. Hansen, DuPont, DSM, Kerry, Lallemand

Market Summary

The single-strain probiotics market is a specialized segment within the broader probiotics industry, focusing on products containing a single, well-researched strain of beneficial bacteria. These probiotics are gaining significant traction in the food and beverages sector, particularly in functional foods and dietary supplements. Unlike multi-strain formulations, single-strain probiotics offer targeted health benefits, which appeals to consumers seeking specific solutions for digestive health, immune support, and overall wellness. The market is characterized by rigorous scientific research and clinical trials that validate the efficacy of individual strains, thereby enhancing consumer confidence and product credibility. Key players are investing heavily in strain-specific studies to differentiate their offerings and gain a competitive edge. The demand is further propelled by a growing consumer inclination towards preventive healthcare and a deeper understanding of gut microbiome health. Regulatory bodies are also playing a crucial role in shaping the market dynamics by establishing clear guidelines for health claims and product labeling. This market is poised for steady growth, driven by innovation in product delivery formats such as gummies, shots, and fortified beverages, making probiotics more accessible and appealing to a broader demographic.

Key Highlights

A primary highlight of the single-strain probiotics market is the strong scientific validation behind prominent strains like Lactobacillus acidophilus, Bifidobacterium animalis subsp. lactis (BB-12), and Lactobacillus rhamnosus GG. These strains have extensive clinical data supporting their benefits for gastrointestinal health and immune function, which is a significant factor driving their adoption in functional food and beverage formulations. Another key highlight is the increasing penetration of these products in mainstream retail channels, including supermarkets, hypermarkets, and online platforms, making them readily available to consumers. The market is also witnessing a surge in partnerships between probiotic ingredient suppliers and food and beverage manufacturers, aiming to co-develop innovative products that meet specific consumer needs. Furthermore, there is a notable trend of clean-label and non-GMO product positioning, which resonates well with health-conscious consumers. The emphasis on strain specificity allows for precise marketing and communication, enabling brands to build strong, trust-based relationships with their customers. This focus on transparency and efficacy is a defining characteristic of the high-value segment of the probiotics market.

Drivers, Opportunities & Restraints

The growth of the single-strain probiotics market is primarily driven by the increasing consumer awareness of the direct link between gut health and overall well-being. Scientific advancements that elucidate the mechanisms of action of specific probiotic strains provide a strong foundation for product development and marketing. The rising prevalence of digestive disorders and the growing demand for natural and preventive healthcare solutions are significant drivers propelling market expansion. Opportunities abound in the development of new application areas beyond traditional dairy, such as in plant-based products, baked goods, and confectionery, which can attract a wider consumer base. Personalization and customization present a substantial opportunity, with potential for tailored probiotic solutions based on individual health needs. However, the market faces restraints, including stringent regulatory landscapes that vary by region, which can delay product launches and increase compliance costs. Stability and viability of probiotic strains in different food matrices remain a technical challenge for manufacturers. High production costs associated with ensuring strain purity and potency can also act as a barrier to market growth, particularly for smaller players.

Concentration Insights

The single-strain probiotics market exhibits a moderately concentrated landscape, dominated by a few established players who possess extensive research capabilities and robust patent portfolios for specific strains. Companies like Probi AB, BioGaia AB, and Chr. Hansen Holding A/S are key innovators, controlling significant market shares through their proprietary strains and long-standing industry presence. These leaders compete intensely on the basis of scientific credibility, strain efficacy, and global distribution networks. Alongside these giants, there is a growing number of specialized and niche players focusing on novel strain development and unique delivery systems. The competitive intensity is high, with companies striving to secure exclusive partnerships with food and beverage brands. Mergers and acquisitions are a common strategy to acquire novel technologies or enter new geographic markets. The concentration is also influenced by high barriers to entry, including the capital-intensive nature of R&D and the need for regulatory approvals, which consolidates power among the top firms while allowing agile specialists to capture specific market niches.

Type Insights

The single-strain probiotics market is segmented by the type of bacterial strain, each with distinct characteristics and health benefits. Lactobacillus is a predominant genus, with strains like Lactobacillus acidophilus being widely utilized for its proven benefits in supporting digestive health and nutrient absorption. It is commonly incorporated into yogurt, fermented milk, and dietary supplements. Bifidobacterium is another major category, with Bifidobacterium lactis being renowned for its ability to alleviate symptoms of irritable bowel syndrome and enhance immune response. This strain is frequently found in dairy-based drinks and infant formula. Other strains, such as Bacillus coagulans, are gaining popularity due to their robustness and stability in non-refrigerated products and various pH conditions, making them suitable for a wider array of food and beverage applications, including shelf-stable juices and snack bars. The selection of a specific strain is a critical decision for manufacturers, dictated by the desired health claim, target audience, and the compatibility of the strain with the product's formulation and processing conditions.

Application Insights

In the food and beverages industry, single-strain probiotics are applied across diverse product categories to enhance their functional??. The dietary supplements segment represents a major application area, offering concentrated doses of specific strains in formats like capsules, tablets, and powders targeted at health-conscious adults. Within food products, dairy remains the traditional and largest application segment, with yogurts, kefir, and cheese being fortified with strains like L. acidophilus to promote digestive health. There is a rapidly growing application in non-dairy beverages, including plant-based milk alternatives, fruit and vegetable juices, and functional waters, catering to lactose-intolerant consumers and vegans. Furthermore, probiotics are increasingly being incorporated into everyday food items such as cereals, granola bars, and chocolate, demonstrating the market's expansion into conventional food channels. This diversification into various applications is crucial for market growth, as it increases consumption frequency and makes probiotic intake a seamless part of the daily diet for a larger population.

Regional Insights

The adoption and growth of the single-strain probiotics market vary significantly across different regions, influenced by consumer awareness, regulatory frameworks, and dietary habits. North America holds a prominent position in the global market, driven by high consumer health consciousness, well-established supplement industries, and supportive regulatory guidelines for probiotic claims. The United States is a particularly strong market, with a high prevalence of digestive health concerns fueling demand. Europe follows closely, with countries like Germany, France, and the UK showing robust growth due to a long history of consuming fermented foods and a strong cultural acceptance of functional ingredients. The Asia Pacific region is anticipated to exhibit the fastest growth, propelled by rising disposable incomes, a large population base, and growing awareness of preventive healthcare. Countries such as Japan, China, and India are key contributors, with Japan having a well-developed market for functional foods (FOSHU). Latin America and the Middle East and Africa are emerging regions, where market growth is gradually picking up as major players expand their distribution and marketing efforts.

Company Insights

The competitive landscape of the single-strain probiotics market features a mix of global biotechnology firms and specialized ingredient suppliers. Leading companies such as Chr. Hansen Holding A/S from Denmark and BioGaia AB from Sweden are renowned for their scientifically backed, proprietary strains like BB-12 and L. reuteri Protectis, respectively. These companies invest heavily in clinical research to substantiate health claims and maintain a competitive advantage. Probi AB is another key player, focusing on leveraging its research to develop and patent effective probiotic strains for various health applications. DuPont Nutrition & Biosciences (now part of IFF) is a major force, offering a wide portfolio of probiotic ingredients to the food, beverage, and dietary supplement industries. Alongside these established players, companies like Sabinsa Corporation and Lallemand Inc. are significant contributors, often focusing on specific strains or unique delivery technologies. The strategy for these companies revolves around innovation, strategic partnerships with end-product manufacturers, and expanding their global footprint to capitalize on emerging market opportunities.

Recent Developments

The single-strain probiotics market is dynamic, with recent developments focusing on technological innovation, strategic expansions, and novel product launches. A significant trend is the increased investment in research to discover and commercialize new strains with unique health benefits, such as those targeting mental well-being or skin health. Companies are also advancing encapsulation technologies to improve the stability and survivability of probiotics in challenging food matrices and through the digestive tract. There has been a notable rise in mergers and acquisitions, as larger entities seek to acquire innovative startups with promising probiotic technologies or strains. For instance, recent activity has seen major ingredient firms acquiring specialized probiotic companies to bolster their portfolios. Furthermore, market players are expanding their production capacities to meet the growing global demand, particularly in the Asia-Pacific region. Collaborations between probiotic suppliers and food brands have resulted in the launch of innovative products, such as probiotic-infused snacks, ready-to-drink coffees, and plant-based meats, indicating the continuous evolution and diversification of application areas.

Report Segmentation

This comprehensive market research report on the single-strain probiotics market provides a detailed analysis segmented across multiple dimensions to offer a granular view of the industry. The segmentation is primarily based on type, categorizing the market into key strains such as Lactobacillus, Bifidobacterium, Streptococcus, and others, detailing the unique properties and commercial significance of each. The report further segments the market by application, with in-depth coverage of its use in food products, beverages, and dietary supplements, highlighting trends and growth patterns within each category. A crucial segmentation is by distribution channel, analyzing sales through supermarkets/hypermarkets, pharmacies/drugstores, online stores, and specialty outlets. Geographically, the report offers a thorough regional analysis covering North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, providing insights into regional dynamics, key countries, and growth potential. This multi-faceted segmentation enables stakeholders to identify specific growth pockets, understand consumer preferences in different regions, and formulate targeted strategies for market penetration and expansion.

FAQs

What are single-strain probiotics?

Single-strain probiotics are dietary supplements or fortified foods that contain only one specific type or strain of beneficial bacteria. Unlike multi-strain blends, they are chosen for their well-documented, targeted health benefits, which are often supported by extensive clinical research on that particular strain.

How are single-strain probiotics different from multi-strain?

The primary difference lies in their composition; single-strain probiotics contain one specific bacterial strain, allowing for targeted efficacy and clearer scientific validation for a particular health benefit. Multi-strain probiotics combine several different strains, often with the aim of providing a broader range of benefits, though the interactions between strains can be more complex to study.

What is the most researched probiotic strain?

Lactobacillus rhamnosus GG is among the most extensively researched probiotic strains in the world. It has a vast body of clinical evidence supporting its use for preventing and treating gastrointestinal infections and diarrhea, as well as supporting overall immune health.

Are single-strain probiotics effective?

Yes, single-strain probiotics are highly effective for the specific health conditions they are studied for. Their efficacy is backed by targeted clinical trials that demonstrate the benefits of that particular strain, such as improving digestive regularity, reducing the incidence of common infections, or alleviating symptoms of lactose intolerance.

What foods contain single-strain probiotics?

Many foods are fortified with single-strain probiotics. Common examples include certain yogurts and fermented dairy drinks that feature strains like Lactobacillus acidophilus or Bifidobacterium lactis. They are also increasingly found in non-dairy applications such as probiotic juices, plant-based yogurts, nutrition bars, and some types of granola.

Citius Research has developed a research report titled “Single-strain Probiotics 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

• Single-strain Probiotics 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 Single-strain Probiotics 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.

Single-strain Probiotics Market Segmentation

Market Segmentation

Regions Covered

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

Single-strain Probiotics Market Analysis

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

• Overview of Single-strain Probiotics Market
• Research Methodology
• Executive Summary
• Market Dynamics of Single-strain Probiotics 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 Single-strain Probiotics Market
• Cost and Gross Margin Analysis of Single-strain Probiotics Market
• Single-strain Probiotics 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 “Single-strain Probiotics 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.

Single-strain Probiotics Market Key Stakeholders

Below are the key stakeholders for the Single-strain Probiotics Market:

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

Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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 Single-strain Probiotics 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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