Wheat Protein 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: CR0196084
  • Format: Electronic (PDF)
  • Number of Pages: 200
  • Author(s): Joshi, Madhavi

Report Overview

The Wheat Protein Market size was estimated at USD 2.8 billion in 2023 and is projected to reach USD 6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2024-2030).

Wheat Protein Market

(Market Size)
$2.8 billion
$6 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 2.8 billion
2030 Market Size USD 6 billion
Key Players ADM, Cargill, Roquette, Tereos, Manildra

Market Summary

The wheat protein market is a significant segment within the global food and beverages industry, driven by the increasing consumer shift towards plant-based protein sources. Wheat protein, derived primarily from wheat gluten, is valued for its functional properties such as elasticity, water absorption, and texture enhancement, making it a versatile ingredient in various food applications. The market is characterized by a growing demand from health-conscious consumers seeking protein-rich and vegetarian or vegan dietary options. Key product forms include wheat gluten, wheat protein isolate, and textured wheat protein, each catering to distinct industry needs. Manufacturers are focusing on product innovation and clean label trends to meet evolving consumer preferences. The market is also influenced by factors such as agricultural production levels, regulatory frameworks, and advancements in processing technologies. Geographically, the market exhibits a diverse demand pattern, with developed regions leading in consumption due to higher awareness and disposable incomes, while emerging economies show rapid growth potential. The competitive landscape includes both global players and regional specialists, all striving to expand their product portfolios and geographic reach.

Key Highlights

The wheat protein market is distinguished by several key highlights that underscore its dynamic nature and growth trajectory. One prominent aspect is the robust demand from the bakery and confectionery sector, where wheat protein is extensively used to improve dough strength, texture, and shelf life of products like bread, cakes, and pastries. Another highlight is the rising adoption in sports nutrition and dietary supplements, leveraging its high protein content and functional benefits. The market is also witnessing increased investment in research and development to enhance product quality and develop application-specific solutions. Sustainability and non-GMO claims are becoming critical differentiators, aligning with consumer preferences for environmentally friendly and natural ingredients. Additionally, strategic collaborations, mergers, and acquisitions among key players are shaping the market structure, facilitating technology transfer and market expansion. The versatility of wheat protein in mimicking meat textures in plant-based meat alternatives is another significant highlight, capitalizing on the growing trend of flexitarian and vegan diets. These factors collectively contribute to the market's resilience and future growth prospects.

Drivers, Opportunities & Restraints

The wheat protein market is propelled by several drivers, including the escalating consumer awareness regarding health and wellness, which fuels the demand for plant-based proteins as alternatives to animal-derived sources. The expanding vegan and vegetarian population globally acts as a strong driver, encouraging food manufacturers to incorporate wheat protein into a variety of products. Additionally, the functional benefits of wheat protein, such as its emulsifying, foaming, and gelling properties, make it indispensable in food processing, further driving adoption. Opportunities in the market abound, particularly in the development of innovative applications like meat analogs, dairy alternatives, and nutritional beverages, which are gaining traction among consumers. The untapped potential in emerging markets presents significant growth opportunities, driven by urbanization, rising disposable incomes, and changing dietary habits. However, the market faces restraints such as the prevalence of gluten intolerance and celiac disease, which limit consumption among certain consumer segments. Fluctuations in wheat production due to climatic conditions and agricultural policies can also impact supply chain stability and raw material prices, posing challenges to market growth. Navigating regulatory requirements and ensuring product labeling compliance across different regions remain critical for market participants.

Concentration Insights

The concentration of the wheat protein market is characterized by the presence of several established players and a competitive landscape that includes both multinational corporations and regional entities. Companies such as Archer Daniels Midland Company, Cargill Incorporated, and Roquette Fr?res are prominent participants, leveraging their extensive distribution networks and broad product portfolios to maintain significant market shares. These players often engage in vertical integration, controlling aspects from raw material sourcing to finished product manufacturing, which enhances their market positioning. The market also features specialized manufacturers like MGP Ingredients and Manildra Group, which focus on niche segments and high-quality wheat protein products. Geographically, production and consumption are concentrated in regions with strong agricultural bases and advanced food processing industries, such as North America, Europe, and Asia Pacific. Strategic initiatives such as capacity expansions, partnerships, and acquisitions are common, aimed at consolidating market presence and catering to evolving consumer demands. The competitive intensity drives innovation and quality improvements, benefiting end-users with a diverse range of products.

Type Insights

In the wheat protein market, products are primarily categorized into wheat gluten, wheat protein isolate, and textured wheat protein, each serving distinct applications and consumer needs. Wheat gluten, also known as vital wheat gluten, is the most widely used form, valued for its high elasticity and binding properties, making it essential in bakery products to enhance dough strength and volume. Wheat protein isolate, with a higher protein concentration and reduced carbohydrate content, is favored in health-focused applications such as sports nutrition and dietary supplements, where purity and protein efficiency are paramount. Textured wheat protein is utilized mainly in meat analogs and convenience foods, providing a meat-like texture and improving nutritional profiles. The choice among these types depends on functional requirements, desired nutritional attributes, and specific application contexts. Manufacturers are continuously innovating to improve the sensory and functional characteristics of these products, addressing challenges like flavor masking and solubility. The diversity in product types allows for tailored solutions across various food segments, supporting market growth and versatility.

Application Insights

Wheat protein finds extensive applications across multiple segments within the food and beverages industry, driven by its functional and nutritional benefits. In the bakery sector, it is indispensable for improving dough handling, texture, and shelf life in products like bread, rolls, and pastries. The confectionery industry utilizes wheat protein for its binding and stabilizing properties in items such as chocolates and candies. Another significant application is in meat analogs and extenders, where textured wheat protein replicates the texture and mouthfeel of meat, catering to the growing plant-based food trend. The sports nutrition and dietary supplements segment leverages wheat protein isolates for their high protein content and amino acid profile, supporting muscle recovery and overall health. Additionally, wheat protein is used in beverages, dairy alternatives, and processed foods to enhance nutritional value and functional properties. Each application demands specific protein characteristics, prompting manufacturers to develop customized solutions. The broadening application scope reflects the ingredient's adaptability and aligns with consumer trends towards health, sustainability, and convenience.

Regional Insights

The wheat protein market exhibits varied dynamics across different regions, influenced by dietary patterns, economic conditions, and regulatory environments. North America holds a substantial market share, driven by high consumer awareness of plant-based diets, robust food processing capabilities, and the presence of key industry players. The United States is a major contributor, with demand fueled by health trends and innovative product launches. Europe follows closely, characterized by stringent food safety regulations and a strong inclination towards organic and non-GMO products, particularly in countries like Germany, France, and the United Kingdom. The Asia Pacific region is identified as a high-growth market, owing to rising populations, increasing disposable incomes, and shifting dietary preferences towards protein-rich foods in nations such as China, India, and Japan. Latin America and the Middle East and Africa are emerging markets, where urbanization and economic development are gradually boosting demand. Regional differences in wheat production and consumption patterns necessitate tailored strategies for market participants to effectively address local needs and capitalize on growth opportunities.

Company Insights

Key companies in the wheat protein market include Archer Daniels Midland Company, Cargill Incorporated, Roquette Fr?res, MGP Ingredients, and Manildra Group, among others. These players are actively engaged in strategies to strengthen their market positions through product innovation, capacity expansion, and geographic diversification. Archer Daniels Midland Company focuses on leveraging its extensive agricultural processing expertise to offer a wide range of wheat protein products for various applications. Cargill Incorporated emphasizes sustainability and clean label solutions, aligning with consumer demands for transparent and environmentally responsible ingredients. Roquette Fr?res is known for its investment in research and development, particularly in enhancing the functional properties of wheat protein for specialized uses. MGP Ingredients specializes in wheat-based proteins and starches, catering to niche markets with high-quality offerings. Manildra Group, as one of the largest wheat gluten producers, emphasizes vertical integration and consistent product quality. These companies also engage in strategic partnerships, acquisitions, and collaborations to expand their product portfolios and reach new customer segments, driving competition and innovation in the market.

Recent Developments

Recent developments in the wheat protein market highlight ongoing innovation and strategic movements among key players. Several companies have announced capacity expansions and new production facilities to meet growing demand, particularly in regions with rising consumption like Asia Pacific. There has been a notable increase in product launches focused on clean label and organic wheat protein options, responding to consumer preferences for natural and minimally processed ingredients. Technological advancements in extraction and processing methods have been reported, aimed at improving protein yield, functionality, and sensory attributes. Strategic acquisitions and partnerships have also been prevalent, enabling companies to enhance their market presence and technological capabilities. For instance, collaborations between wheat protein manufacturers and food tech firms are fostering the development of advanced meat analog products. Additionally, investments in sustainability initiatives, such as reducing water usage and carbon footprint in production processes, are gaining traction. These developments reflect the market's adaptive nature and commitment to meeting evolving consumer and industry demands.

Report Segmentation

This market research report on the wheat protein market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The report is segmented by type, including wheat gluten, wheat protein isolate, and textured wheat protein, each analyzed for their market dynamics, growth potential, and application suitability. Application segmentation covers bakery and confectionery, meat analogs, sports nutrition, dietary supplements, beverages, and others, highlighting demand patterns and future prospects for each segment. Geographic segmentation encompasses North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, providing regional analysis on market size, growth trends, and key influencing factors. The report also includes segmentation by form, such as powder and liquid, addressing their respective usage and preferences in different industries. Additionally, the segmentation by end-use industry focuses on food and beverages, pharmaceuticals, and animal feed, though the primary emphasis remains on food applications. This structured approach enables a thorough understanding of market opportunities, challenges, and competitive landscapes across segments.

FAQs

What is wheat protein used for? Wheat protein is primarily used in the food and beverages industry for its functional properties, such as improving texture, elasticity, and water absorption in products like bakery items, meat analogs, and dietary supplements. It serves as a plant-based protein source in various applications.

Is wheat protein gluten-free? No, wheat protein is derived from wheat and contains gluten, making it unsuitable for individuals with gluten intolerance or celiac disease. Those seeking gluten-free options should avoid products containing wheat protein.

What are the benefits of wheat protein? Wheat protein offers several benefits, including high protein content, functional properties like binding and emulsification, and its role as a plant-based alternative supporting vegetarian and vegan diets. It also contributes to muscle repair and overall nutrition.

How is wheat protein made? Wheat protein is typically produced through the wet milling of wheat flour, which separates starch and gluten. The gluten is then processed further to create various forms like vital wheat gluten, isolates, or textured products, depending on the intended application.

Is wheat protein good for building muscle? Yes, wheat protein can support muscle building due to its high protein content and amino acid profile. It is often used in sports nutrition products like protein powders and bars designed for muscle recovery and growth.

Citius Research has developed a research report titled “Wheat Protein 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

• Wheat Protein 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 Wheat Protein 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.

Wheat Protein Market Segmentation

Market Segmentation

Regions Covered

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

Wheat Protein Market Analysis

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

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

Wheat Protein Market Key Stakeholders

Below are the key stakeholders for the Wheat Protein Market:

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

Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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 Wheat Protein 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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