Feed Premixes Market

Feed Premixes Market Size by Ingredient (Vitamins, Minerals, Amino Acids, Antibiotics, Antioxidants, Others), By Livestock (Poultry, Ruminants, Swine, Aquatic Animals, Equine, Pets), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14153
  • Published Date: Feb, 2024
  • Pages: 236
  • Category: Food & Beverages
  • Format: PDF
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The Feed Premixes Market was valued at USD 13.1 billion in 2023 and grew at a CAGR of 5.2% from 2024 to 2033. Many factors, such as an increasing need for animal protein, growing knowledge of animal nutrition and health issues, technological improvements, and the widespread use of livestock farming practices, are projected to drive growth in the worldwide feed premix market. The need for feed premixes to improve animal well-being and efficiency is rising as people grow more aware of the safety and quality of goods obtained from animals. Technological developments have produced more complex and efficient feed premix goods, which are anticipated to propel the market's expansion even more.

Market Introduction:

A number of causes, such as the growing global population, rising meat consumption, growing understanding of animal health and nutrition, and a shift towards intensive animal farming practices, have contributed to the steady increase in demand for feed premixes. The market for feed premixes, which supplies vital nutrients, vitamins, minerals, and other additions to animal feed, is also very important to the animal nutrition sector. These premixes are designed to satisfy certain dietary needs for different kinds of poultry, fish, and pets. In order to guarantee the best possible growth, health, and performance for the animals, they are usually added to feed formulas in exact proportions.

Feed Premixes Market Size

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Recent Development
  • In October 2022: In order to increase the production of shrimp feed in Ecuador, Cargill (US) and its partner Naturisa S.A. (Ecuador) have reached an agreement with Skyvest EC Holding SA to establish a joint venture. Built in 2018, this feed facility, which employs more than 200 people and has a production capacity of 156,000 tons, will be run by Cargill (US).
  • In September 2022: In order to meet the increasing demand for starches, sweeteners, and feed in Asia and Indonesia, Cargill (US) opened a maize wet mill in Pandaan, Indonesia. It is anticipated that this project will further advance the growth of Indonesia's feed, beverage, and food industries.

Market Dynamics:

Drivers

The demand for animal products such as meat, dairy, and eggs is rising due to the growing global population and rising income levels. The demand for feed premixes to maximize animal nutrition and performance is driven by this trend, which also fuels the need for effective and sustainable animal production systems. Moreover, there is a growing movement towards more intensive methods of animal farming, which are distinguished by bigger operations and denser stocking levels. Specialized feed premixes are in high demand because intensive production systems necessitate careful nutritional management to maintain ideal animal health, growth, and productivity.

Restraints:

The adoption of commercial feed premixes by small-scale and subsistence farmers may encounter obstacles because of various causes, including restricted access to distribution channels, financial constraints, and insufficient knowledge about the advantages of premix usage. To overcome adoption difficulties, targeting these categories calls for specialized marketing techniques, educational initiatives, and distribution networks.

Opportunities:

Probiotics, prebiotics, enzymes, and organic acids are examples of specialty and functional feed additives that are in high demand due to growing understanding of the importance of nutrition for animal health and performance. Producers can benefit from this trend by creating novel premix formulations that target particular immune, gastrointestinal, and health issues in animals. Also, feed premix producers have a lot of prospects due to the aquaculture sector's explosive growth. Specialized feed formulations that are suited to the nutritional needs of various aquatic species are required as aquaculture output expands to satisfy the growing demand for seafood. Creating premixes for diets containing shrimp and fish can open up new markets and revenue sources.

Regional segmentation analysis:

North America led the market in 2023 with the largest market share of 33.7%. Due to the region's high levels of livestock production and animal protein consumption, North America is one of the world's biggest markets for feed premixes. The market has been steadily expanding as a result of things like rising demand for premium dairy, meat, and eggs as well as developments in the science and technology of animal feeding. Additionally, the feed premix market in North America provides services to a wide range of livestock industries, such as aquaculture, pets, swine, cattle, and poultry. Due to the distinct nutritional needs and production methods of each industry, there is a need for customized premix formulas suited to certain species, life phases, and production methods.

North America Region Feed Premixes Market Share in 2023 - 33.7%

 

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Ingredient Segment Analysis

The Amino acids segment dominated the global market in 2023 with a market share of 43.1%. Fundamental building blocks of proteins, amino acids are necessary for many animal physiological functions, such as growth, development, reproduction, immunity, and metabolism. Certain amino acids, referred to as essential amino acids, are not synthesized internally by mammals and must be acquired from diet. Additionally, feed premixes with added amino acids are designed to provide animals with extra amino acids in their diets that may be lacking or restricted in traditional feed ingredients. These could comprise non-essential amino acids like glutamine, glycine, and serine as well as essential amino acids like lysine, methionine, threonine, tryptophan, and valine.

Livestock Segment Analysis

The poultry segment dominated the global market in 2023 with a market share of 32.9%. The production of chickens for eggs and meat, known as layers and broilers, is a significant portion of the worldwide livestock market. The efficiency, scalability, and comparatively short production cycles of poultry farming contribute significantly to the demand for feed premixes. Additionally, certain dietary needs are necessary for the growth, generation of eggs, and general health of poultry. Feed premixes are critical for satisfying these needs because they contain essential nutrients in precisely the right amounts to support maximum productivity and performance, such as vitamins, minerals, amino acids, and other additives.

Some of the Key Market Players:
  • Koninklijke DSM N.V.
  • Nutreco N.V.
  • Cargill
  • Archer Daniels Midland Company
  • BEC Feed Solutions
  • DLG Group
  • Charoen Pokphand Foods PCL
  • Land O'Lakes
  • AB Agri Ltd.
  • Phibro Animal Health Corporation
  • KG Group
  • Devenish Nutrition LLC.
  • Lexington Enterprises Pte Ltd.
  • Agrofeed Ltd.

Report Description:

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2023 USD 13.1 Billion
Market size value in 2033 USD 21.7 Billion
CAGR (2024 to 2033) 5.2%
Historical data 2020-2022
Base Year 2023
Forecast 2024-2033
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Ingredient, Livestock

Frequesntly Asked Questions

As per The Brainy Insights, the size of the feed premixes market was valued at USD 13.1 billion in 2023 to USD 21.7 billion by 2033.

The global feed premixes market is growing at a CAGR of 5.2% during the forecast period 2024-2033.

The North America region emerged as the largest market for the feed premixes.

The increasing demand for animal protein will influence the market's growth.

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 Ingredient
          4.3.2. Market Attractiveness Analysis by Livestock
          4.3.3. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing Demand for Animal Protein
    5.3. Restraints
          5.3.1. Fluctuating Raw Material Prices
    5.4. Opportunities
          5.4.1. Rising Demand for Specialty and Functional Feed Ingredients
    5.5. Challenges
          5.5.1. Competition from Alternative Feed Additives

6. Global Feed Premixes Market Analysis and Forecast, By Ingredient
    6.1. Segment Overview
    6.2. Vitamins
    6.3. Minerals
    6.4. Amino Acids
    6.5. Antibiotics
    6.6. Antioxidants
    6.7. Others

7. Global Feed Premixes Market Analysis and Forecast, By Livestock
    7.1. Segment Overview
    7.2. Poultry
    7.3. Ruminants
    7.4. Swine
    7.5. Aquatic Animals
    7.6. Equine
    7.7. Pets

8. Global Feed Premixes Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Feed Premixes Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Feed Premixes Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Koninklijke DSM N.V.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Nutreco N.V.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Cargill
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Archer Daniels Midland Company
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. BEC Feed Solutions
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. DLG Group
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Charoen Pokphand Foods PCL
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Land O'Lakes
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. AB Agri Ltd.
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Phibro Animal Health Corporation
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. KG Group
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Devenish Nutrition LLC.
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Lexington Enterprises Pte Ltd.
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Agrofeed Ltd.
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
 

List of Table

1. Global Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

2. Global Vitamins Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

3. Global Minerals Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

4. Global Amino Acids Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

5. Global Antibiotics Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

6. Global Antioxidants Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

7. Global Others Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

8. Global Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

9. Global Poultry Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

10. Global Ruminants Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

11. Global Swine Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

12. Global Aquatic Animals Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

13. Global Equine Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

14. Global Pets Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

15. Global Feed Premixes Market, By Region, 2020-2033 (USD Billion) 

16. North America Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

17. North America Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

18. U.S. Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

19. U.S. Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

20. Canada Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

21. Canada Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

22. Mexico Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

23. Mexico Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

24. Europe Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

25. Europe Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

26. Germany Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

27. Germany Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

28. France Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

29. France Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

30. U.K. Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

31. U.K. Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

32. Italy Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

33. Italy Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

34. Spain Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

35. Spain Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

36. Asia Pacific Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

37. Asia Pacific Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

38. Japan Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

39. Japan Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

40. China Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

41. China Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

42. India Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

43. India Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

44. South America Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

45. South America Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

46. Brazil Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

47. Brazil Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

48. Middle East and Africa Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

49. Middle East and Africa Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

50. UAE Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

51. UAE Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

52. South Africa Feed Premixes Market, By Ingredient, 2020-2033 (USD Billion) 

53. South Africa Feed Premixes Market, By Livestock, 2020-2033 (USD Billion) 

List of Figures 

1. Global Feed Premixes Market Segmentation

2. Feed Premixes 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 Feed Premixes Market Attractiveness Analysis by Ingredient

9. Global Feed Premixes Market Attractiveness Analysis by Livestock

10. Global Feed Premixes Market Attractiveness Analysis by Region

11. Global Feed Premixes Market: Dynamics

12. Global Feed Premixes Market Share by Ingredient (2023 & 2033)

13. Global Feed Premixes Market Share by Livestock (2023 & 2033)

14. Global Feed Premixes Market Share by Regions (2023 & 2033)

15. Global Feed Premixes 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 feed premixes market based on below-mentioned segments:

Global Feed Premixes Market by Ingredient:

  • Vitamins
  • Minerals
  • Amino Acids
  • Antibiotics
  • Antioxidants
  • Others

Global Feed Premixes Market by Livestock:

  • Poultry
  • Ruminants
  • Swine
  • Aquatic Animals
  • Equine
  • Pets

Global Feed Premixes Market 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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