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Fish Protein Hydrolysate Market

Fish Protein Hydrolysate Market Size by Form (Powder, Paste and Liquid), Technology (Enzymatic Hydrolysis, Acid Hydrolysis and Autolytic Hydrolysis), Application (Pharmaceuticals, Food Industries, Animal Feed Industries, Agriculture and Others), Source (Salmon, Tuna, Anchovy, Herring and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14363
  • Published Date: Jun, 2024
  • Pages: 237
  • Category: Food & Beverages
  • Format: PDF
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Market Introduction

The global Fish Protein Hydrolysate market was valued at USD 254.52 Million in 2023 and growing at a CAGR of 4.75% from 2024 to 2033. The market is expected to reach USD 404.81 Million by 2033. Fish protein hydrolysate has a good water-holding capacity, helps in growth performance, and provides nutritious feed for livestock species like cattle, poultry, equine, and swine.  It is a protein sourced from fish meat or fish processing by-products using enzymatic or chemical processes. Enzymatically produced hydrolysates are broadly accepted, and they consist of a mixture of peptides in different sizes and free amino acids. Fish protein hydrolysates are present in many forms but are broadly available as amorphous powders and are hygroscopic. It consists of more than 81% to 93% protein, 3% to 8% ash, 1% to 8% moisture and less than 5% of fat. Fish protein hydrolysate (FPH) is broadly manufactured using lean fish species that have no commercial values or use processing waste products. It has broad applications as an emulsifier, food binder, gelling agent and nutritional supplement.  These factors are driving the growth of the Fish Protein Hydrolysate market.

The breakdown of the fish protein product is called fish protein hydrolysate, which has smaller peptides and amino acids. It consists of several bioactive peptides and amino acids, which have shown benefits to human health, and animal feed is a supplement. Fish protein hydrolysates are broadly used in aquaculture feeds because they have better protein content and perfect amino acid balance for marine animals. Also, compared with other plants and animals, Fish is considered a good source of protein. Earlier, fish protein hydrolysate was only used as animal feed. As people became more aware of the high protein content of Fish, they started using it in several sectors.  Hence, the fish protein hydrolysate is now used in many products like food & beverages, medicines, cosmetics, nutraceuticals, pet food and animal & poultry feed.  Also, the proteins that are found in fish change based on the species. Based on one of the studies, the world population will cross 9.7 billion by 2050, and there will be a growing need for nutrition and food for such a large population. The food supply must increase by 25% to 70%  to feed such a large population. Fish is considered one of the crucial food sources; hence, it can broadly contribute to maintaining human nutrition and the global food supply. It is considered a good source of myriad micronutrients and nutrients like crucial amino acids, health-boosting omega-3 acids or LC-PUFA, high-quality protein, and important minerals like iodine, iron, zinc, calcium, phosphorous, selenium, vitamins A and B, and D, etc. Fish, hence, become an important component in many diets worldwide. Fish is considered a good source of protein; hence, the demand for fish protein hydrolysate (FPH) is growing. FPH is derived from the breakdown of fish protein, which consists of peptides and smaller amino acids. FPH is generally derived from treating fish meat or its byproducts with trypsin, pepsin, alcalase, chymotrypsin or other similar enzymes under defined pH and temperature conditions. FPH is a bioactive ingredient that can be used as organic fertilizer for plants. It has broad application in pharmaceutical supplements and food processing as it is rich in protein and crucial vitamins.  All these factors are driving the Fish Protein Hydrolysate market.

Fish Protein Hydrolysate Market Size

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Recent Development

  • In May 2021: Biomega Group invested in expanding its biorefinery footprint in Hirtshales, Denmark. This investment supports the company’s plan to expand the production of the new Biomega PURE salmon peptide segment for the human health and nutrition market. It will eventually help the organization gain a share in the Fish Protein Hydrolysate market.

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  • Segmentation on the basis of any specific country or region
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Form
          4.3.2. Market Attractiveness Analysis By Technology
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Source
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The benefit of FPH as aquafeed formulation
    5.3. Restraints
          5.3.1. Shortage of quality materials
    5.4. Opportunities
          5.4.1. Demand from several sectors
    5.5. Challenges
          5.5.1. Economic slowdown

6. Global Fish Protein Hydrolysate Market Analysis and Forecast, By Form
    6.1. Segment Overview
    6.2. Powder
    6.3. Paste
    6.4. Liquid

7. Global Fish Protein Hydrolysate Market Analysis and Forecast, By Technology
    7.1. Segment Overview
    7.2. Enzymatic Hydrolysis
    7.3. Acid Hydrolysis
    7.4. Autolytic Hydrolysis

8. Global Fish Protein Hydrolysate Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Pharmaceuticals
    8.3. Food Industries
    8.4. Animal Feed Industries
    8.5. Agriculture
    8.6. Others

9. Global Fish Protein Hydrolysate Market Analysis and Forecast, By Source
    9.1. Segment Overview
    9.2. Salmon
    9.3. Tuna
    9.4. Anchovy
    9.5. Herring
    9.6. Others

10. Global Fish Protein Hydrolysate Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Fish Protein Hydrolysate Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in Global Fish Protein Hydrolysate Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Biomega
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Janatha Fish Meal & Oil Products
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. Diana Group (Symrise)
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Copalis
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Scanbio Marine Group AS
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Hofseth BioCare ASA
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Bio-marine Ingredients Ireland
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. Shenzhen Taier
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Neptune’s Harvest
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Omega Protein Corporation
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Pelagia
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
 

List of Table

1. Global Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

2. Global Powder, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

3. Global Paste, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

4. Global Liquid, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

5. Global Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million) 

6. Global Pharmaceuticals, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

7. Global Food Industries, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

8. Global Animal Feed Industries, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

9. Global Agriculture, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

10. Global Others, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

11. Global Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million) 

12. Global Enzymatic Hydrolysis, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

13. Global Acid Hydrolysis, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

14. Global Autolytic Hydrolysis, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

15. Global Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million) 

16. Global Salmon, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

17. Global Tuna, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

18. Global Anchovy, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

19. Global Herring, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

20. Global Others, Fish Protein Hydrolysate Market, By Region, 2020-2033 (USD Million) 

21. North America Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

22. North America Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

23. North America Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

24. North America Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

25. U.S. Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

26. U.S. Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

27. U.S. Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

28. U.S. Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

29. Canada Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

30. Canada Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

31. Canada Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

32. Canada Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

33. Mexico Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

34. Mexico Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

35. Mexico Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

36. Mexico Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

37. Europe Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

38. Europe Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

39. Europe Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

40. Europe Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

41. Germany Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

42. Germany Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

43. Germany Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

44. Germany Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

45. France Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

46. France Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

47. France Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

48. France Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

49. U.K. Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

50. U.K. Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

51. U.K. Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

52. U.K. Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

53. Italy Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

54. Italy Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

55. Italy Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

56. Italy Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

57. Spain Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

58. Spain Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

59. Spain Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

60. Spain Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

61. Asia Pacific Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

62. Asia Pacific Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

63. Asia Pacific Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

64. Asia Pacific Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

65. Japan Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

66. Japan Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

67. Japan Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

68. Japan Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

69. China Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

70. China Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

71. China Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

72. China Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

73. India Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

74. India Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

75. India Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

76. India Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

77. South America Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

78. South America Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

79. South America Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

80. South America Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

81. Brazil Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

82. Brazil Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

83. Brazil Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

84. Brazil Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

85. Middle East and Africa Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

86. Middle East and Africa Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

87. Middle East and Africa Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

88. Middle East and Africa Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

89. UAE Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

90. UAE Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

91. UAE Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

92. UAE Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

93. South Africa Fish Protein Hydrolysate Market, By Form, 2020-2033 (USD Million)

94. South Africa Fish Protein Hydrolysate Market, By Application, 2020-2033 (USD Million)

95. South Africa Fish Protein Hydrolysate Market, By Technology, 2020-2033 (USD Million)

96. South Africa Fish Protein Hydrolysate Market, By Source, 2020-2033 (USD Million)

List of Figures 

1. Global Fish Protein Hydrolysate Market Segmentation

2. Global Fish Protein Hydrolysate Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Fish Protein Hydrolysate Market Attractiveness Analysis By Form  

9. Global Fish Protein Hydrolysate Market Attractiveness Analysis By Application 

10. Global Fish Protein Hydrolysate Market Attractiveness Analysis By Technology 

11. Global Fish Protein Hydrolysate Market Attractiveness Analysis By Source 

12. Global Fish Protein Hydrolysate Market Attractiveness Analysis By Region

13. Global Fish Protein Hydrolysate Market: Dynamics

14. Global Fish Protein Hydrolysate Market Share By Form (2023 & 2033)

15. Global Fish Protein Hydrolysate Market Share By Application (2023 & 2033)

16. Global Fish Protein Hydrolysate Market Share By Technology (2023 & 2033)

17. Global Fish Protein Hydrolysate Market Share By Source (2023 & 2033)

18. Global Fish Protein Hydrolysate Market Share By Regions (2023 & 2033)

19. Global Fish Protein Hydrolysate Market Share By Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Fish Protein Hydrolysate market based on below mentioned segments:

Global Fish Protein Hydrolysate Market by Form:

  • Powder
  • Paste
  • Liquid

Global Fish Protein Hydrolysate Market by Technology:

  • Enzymatic Hydrolysis
  • Acid Hydrolysis
  • Autolytic Hydrolysis

Global Fish Protein Hydrolysate Market by Application:

  • Pharmaceuticals
  • Food Industries
  • Animal Feed Industries
  • Agriculture
  • Others

Global Fish Protein Hydrolysate Market by Source:

  • Salmon
  • Tuna
  • Anchovy
  • Herring
  • Others

Global Fish Protein Hydrolysate by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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Why choose us

ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems

Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system

Global Outreach6 Major regions and 40+ countries level analysis accomplished

Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery

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