Glucuronolactone Market

Glucuronolactone Market Size by Application (Processing Aids & Additives, Preservatives, Energy Supplements, Antioxidants, and Others), Type (Liquid, Powder, and Tablet/Capsule), End-User (Energy Drinks, Dietary Supplements, Pharmaceuticals, Functional Food, and Cosmetics), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2022 Historical Data: 2020-21
  • Report ID: TBI-13234
  • Published Date: Jan, 2023
  • Pages: 236
  • Category: Consumer Goods
  • Format: PDF
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The global glucuronolactone market was valued at USD 388.07 million in 2022, increasing at a CAGR of 5.46% from 2022 to 2030 and anticipated to reach USD 593.76 million by 2030. Asia Pacific is expected to grow the fastest during the forecast period. Further, the increasing innovation by key companies and the ageing population's increasing spending on healthy diets are expected to propel the market growth during the forecast period.

Market Introduction:

Glucuronolactone (D-glucuronic-gamma-lactone) is an innately occurring solid white compound that has applications for exercise and bodybuilding. Glucuronolactone refers to a chemical that mainly finds usage in the manufacturing of energy drinks. Glucuronolactone is utilized as it can help enhance attention and improve athletic performance. Glucuronolactone is a naturally occurring substance and a critical component in nearly all connective tissues. In vitro, D-glucuronolactone can be metabolized by a dehydrogenase into D-Glucaro-1,4-Lactone (G14L), where D-glucuronolactone appears to metabolize into a dilactone (d-glucaric-1,4-3,6-dilactone) & then spontaneously degrade into G14L. Glucuronolactone is present in many commercial products as a mixture of active components. These cocktails have been investigated relatively well in mental and physical performance. Glucuronolactone is found in combined supplements together with taurine and caffeine. It can also be stacked with other pre-workout ingredients like creatine, beta-alanine, and citrulline. Glucuronolactone is known for physical energy & mental focus, and it is an ingredient found in some concentrated pre-workout supplements, pre-workout supplements, and fat-loss proteins.

Glucuronolactone Market Size

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Market Dynamics:

Drivers

The rising demand for sports supplements: The increasing adoption of a sedentary lifestyle and growing consumption of an unhealthy diet are propelling market growth. Further, the increasing demand for instant energy-releasing products like Rockstar, Red Bull, and Monster is helping to boost the market growth. Further, a growing preference for healthy, active living and the rising demand for clean-label and plant-based products are helping to drive the market growth during the forecast period. Additionally, manufacturers' increasing use of social media platforms like Instagram and YouTube to promote sports products is expected to propel market growth over the forecast period. Moreover, the increasing disposable income of the consumers, and rising focus on sports nutrition encourage new product development, coupled with the rising awareness of sports nutrition are stimulating the market growth during the forthcoming year.

Restraints:

The stringent regulations on energy drinks: The glucuronolactone's unfavourable health effects are a restraining factor of the market growth. Furthermore, the high cost of nutritional supplements and the different side effects caused by dietary supplements hamper the market growth. Also, the main concern with energy drinks is the need for more safety regulations. The additives in the drinks (such as taurine, ginseng, and guarana) have yet to be well-studied and must be carefully regulated by the FDA. Moreover, energy drink firms sometimes label their products as "supplements" to avoid rules applied to other beverages. Thus, these factors are restraining the market growth.

Opportunities:

The rise in the consumption of energy drinks: Energy drinks are distributed through supermarkets/hypermarkets, convenience stores, pharmacies/health stores, and online retailers. These energy drinks are packed in bottles, cans, and other. Additionally, energy drinks are carbonated drinks that contain sugar and caffeine to increase physical performance & mental alertness. Further, the high consumer purchasing power, rising health consciousness, changes in consumer lifestyle, and growing awareness of health and wellness products are helping to boost the market growth. Moreover, the ever-increasing living standards and the rising demand for alcoholic energy drinks propel the market growth during the forecast period.

Regional segmentation analysis:

The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. North America emerged as the largest global glucuronolactone market, with a 42.39% market revenue share in 2022. North America dominates the glucuronolactone market due to the increasing demand for energy drinks and nutritional supplements. Further, the rising old age population coupled with a deskbound working lifestyle is also helping to propel the market growth in this region. Additionally, the increasing consumption of food and the rising awareness of the health benefits of antioxidants are helping to boost the market growth in this region. Asia Pacific is expected to grow the fastest during the forecast period due to the abundant product availability in China. Furthermore, government support, increasing investment in R&D, and the changing lifestyles of consumers are expected to drive market growth in this region. Apart from this, the changing demographics, consumers' tastes and drinking habits, and the growing awareness regarding health consciousness are expected to propel market growth over the forecast period.

North America Region Glucuronolactone Market Share in 2022 - 42.39%

 

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Application Segment Analysis

The application segment is divided into processing aids & additives, preservatives, energy supplements, antioxidants, and others. The energy supplements segment dominated, with a market share of 27.32% in 2022. This growth is attributed to the rising awareness among consumers about health and fitness. Further, by 2030, the antioxidants segment will likely dominate the market due to the increasing requirement for the long shelf life of packaged food. Also, customer awareness of the health advantages of natural antioxidant consumption is helping to boost the segment's market growth.

Type Segment Analysis

The type segment is divided into liquid, powder, and tablet/capsule. In 2022, the powder segment dominated the market with the largest market share of 42.25% and market revenue of 163.96 million. This growth is attributed to the increasing health awareness among the populace. Further, by 2030, the liquid segment will likely dominate the market due to the rising disposable income.

End-User Segment Analysis

The end-user segment is divided into energy drinks, dietary supplements, pharmaceuticals, functional food, and cosmetics. In 2022, the pharmaceutical segment dominated the market, accounting for around 29.19% of global revenue. This growth is attributed to the increasing usage of glucuronolactone-based tablets and supplements to cure arthritis, hepatitis, and hepatocirrhosis. Further, by 2030, the energy drinks segment will likely dominate the market due to the emergence of multiple players in the domestic and international industries with constant ingredients. However, energy drinks are a component of the broader soft drinks or non-alcoholic drinks industry, including carbonated drinks, sports drinks, fruit & vegetable juices, bottled water, caffeinated beverages, ready-to-drink coffee & tea, non-carbonated packaged drinks, and other functional beverages. Also, dietary supplements include vitamins, amino acids, enzymes, minerals, and herbs. These nutritional supplements are sold in forms like liquids, gel caps, tablets, capsules, soft gels, and powders.

Some of the Key Market Players:
  • Hubei Yitai Pharmaceutical Co.Ltd.,
  • Anhui Fubore Pharmaceutical & Chemical Co.Ltd.
  • Shaoxing Marina Biotechnology Co.Ltd.
  • Merck Millipore Corporation
  • Jungbunzlauer
  • Functional Food chem International Corporation
  • Ceto Corporation
  • Shandong Fuyuan Bio-Tech CO.LTD.
  • Shandong Xinhong Pharmaceutical Co., Ltd.
  • Roquette Frères
  • Creative Compound
  • Foodchem International
  • Shandong Baisheng Biotechnology Co., Ltd.

Report Description: 

Attribute Description
Market Size Revenue (USD Million)
Market size value in 2022 USD 388.07 Million
Market size value in 2030 USD 593.76 Million
CAGR (2022 to 2030) 5.46%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Segments Key Segments are application, type, end-user, and regions
Regional Segments The key regions are North America, South America, Europe, Asia Pacific, and Middle East & Africa.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the glucuronolactone market was valued at USD 388.07 million in 2022 to USD 593.76 million by 2030.

The global glucuronolactone market is growing at a CAGR of 5.46% during the forecast period 2022-2030.

The global glucuronolactone market has been segmented based on application, type, end-user, and region. The energy supplements segment led the application segment in 2021. The powder segment led the type segment in 2021.

North America region emerged as the largest market for glucuronolactone.

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 Application
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By End-User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. The high consumer purchasing power
          5.2.2. The rising demand for sports supplements
          5.2.3. The increasing investment in R&D
    5.3. Restraints
          5.3.1. The stringent regulations on energy drinks
          5.3.2. The high glucuronolactone prices
    5.4. Opportunities
          5.4.1. The rapid technological advancements

6. Global Glucuronolactone Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Processing Aids & Additives
    6.3. Preservatives
    6.4. Energy Supplements
    6.5. Antioxidants
    6.6. Others

7. Global Glucuronolactone Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Liquid
    7.3. Powder
    7.4. Tablet/Capsule

8. Global Glucuronolactone Market Analysis and Forecast, By End-User
    8.1. Segment Overview
    8.2. Energy Drinks
    8.3. Dietary Supplements
    8.4. Pharmaceuticals
    8.5. Functional Food
    8.6. Cosmetics

9. Global Glucuronolactone Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Glucuronolactone Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in Global Glucuronolactone Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Hubei Yitai Pharmaceutical Co.Ltd.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Anhui Fubore Pharmaceutical & Chemical Co.Ltd.
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Shaoxing Marina Biotechnology Co.Ltd.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Merck Millipore Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Jungbunzlauer
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Functional Food chem International Corporation
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Ceto Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Shandong Fuyuan Bio-Tech CO.LTD.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Shandong Xinhong Pharmaceutical Co., Ltd.
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Roquette Frères
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
    11.11. Creative Compound
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
          11.11.6. SWOT Analysis
    11.12. Foodchem International
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis
    11.13. Shandong Baisheng Biotechnology Co., Ltd.
          11.13.1. Business Overview
          11.13.2. Company Snapshot
          11.13.3. Company Market Share Analysis
          11.13.4. Company Product Portfolio
          11.13.5. Recent Developments
          11.13.6. SWOT Analysis
 

List of Table

1. Global Glucuronolactone Market, By Application, 2019-2030 (USD Million)

2. Global Processing Aids & Additives, Glucuronolactone Market, By Region, 2019-2030 (USD Million) 

3. Global Preservatives, Glucuronolactone Market, By Region, 2019-2030 (USD Million) 

4. Global Energy Supplements, Glucuronolactone Market, By Region, 2019-2030 (USD Million) 

5. Global Antioxidants, Glucuronolactone Market, By Region, 2019-2030 (USD Million) 

6. Global Others, Glucuronolactone Market, By Region, 2019-2030 (USD Million) 

7. Global Glucuronolactone Market, By Type, 2019-2030 (USD Million)

8. Global Liquid, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

9. Global Powder, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

10. Global Tablet/Capsule, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

11. Global Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

12. Global Energy Drinks, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

13. Global Dietary Supplements, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

14. Global Pharmaceuticals, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

15. Global Cosmetics, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

16. Global Functional Food, Glucuronolactone Market, By Region, 2019-2030 (USD Million)

17. North America Glucuronolactone Market, By Application, 2019-2030 (USD Million)

18. North America Glucuronolactone Market, By Type, 2019-2030 (USD Million)

19. North America Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

20. U.S. Glucuronolactone Market, By Application, 2019-2030 (USD Million)

21. U.S. Glucuronolactone Market, By Type, 2019-2030 (USD Million)

22. U.S. Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

23. Canada Glucuronolactone Market, By Application, 2019-2030 (USD Million)

24. Canada Glucuronolactone Market, By Type, 2019-2030 (USD Million)

25. Canada Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

26. Mexico Glucuronolactone Market, By Application, 2019-2030 (USD Million)

27. Mexico Glucuronolactone Market, By Type, 2019-2030 (USD Million)

28. Mexico Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

29. Europe Glucuronolactone Market, By Application, 2019-2030 (USD Million)

30. Europe Glucuronolactone Market, By Type, 2019-2030 (USD Million)

31. Europe Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

32. Germany Glucuronolactone Market, By Application, 2019-2030 (USD Million)

33. Germany Glucuronolactone Market, By Type, 2019-2030 (USD Million)

34. Germany Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

35. France Glucuronolactone Market, By Application, 2019-2030 (USD Million)

36. France Glucuronolactone Market, By Type, 2019-2030 (USD Million)

37. France Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

38. U.K. Glucuronolactone Market, By Application, 2019-2030 (USD Million)

39. U.K. Glucuronolactone Market, By Type, 2019-2030 (USD Million)

40. U.K. Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

41. Italy Glucuronolactone Market, By Application, 2019-2030 (USD Million)

42. Italy Glucuronolactone Market, By Type, 2019-2030 (USD Million)

43. Italy Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

44. Spain Glucuronolactone Market, By Application, 2019-2030 (USD Million)

45. Spain Glucuronolactone Market, By Type, 2019-2030 (USD Million)

46. Spain Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

47. Asia Pacific Glucuronolactone Market, By Application, 2019-2030 (USD Million)

48. Asia Pacific Glucuronolactone Market, By Type, 2019-2030 (USD Million)

49. Asia Pacific Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

50. Japan Glucuronolactone Market, By Application, 2019-2030 (USD Million)

51. Japan Glucuronolactone Market, By Type, 2019-2030 (USD Million)

52. Japan Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

53. China Glucuronolactone Market, By Application, 2019-2030 (USD Million)

54. China Glucuronolactone Market, By Type, 2019-2030 (USD Million)

55. China Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

56. India Glucuronolactone Market, By Application, 2019-2030 (USD Million)

57. India Glucuronolactone Market, By Type, 2019-2030 (USD Million)

58. India Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

59. South America Glucuronolactone Market, By Application, 2019-2030 (USD Million)

60. South America Glucuronolactone Market, By Type, 2019-2030 (USD Million)

61. South America Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

62. Brazil Glucuronolactone Market, By Application, 2019-2030 (USD Million)

63. Brazil Glucuronolactone Market, By Type, 2019-2030 (USD Million)

64. Brazil Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

65. Middle East and Africa Glucuronolactone Market, By Application, 2019-2030 (USD Million)

66. Middle East and Africa Glucuronolactone Market, By Type, 2019-2030 (USD Million)

67. Middle East and Africa Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

68. UAE Glucuronolactone Market, By Application, 2019-2030 (USD Million)

69. UAE Glucuronolactone Market, By Type, 2019-2030 (USD Million)

70. UAE Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

71. South Africa Glucuronolactone Market, By Application, 2019-2030 (USD Million)

72. South Africa Glucuronolactone Market, By Type, 2019-2030 (USD Million)

73. South Africa Glucuronolactone Market, By End-User, 2019-2030 (USD Million)

List of Figures 

1. Global Glucuronolactone Market Segmentation

2. Global Glucuronolactone Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top- Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Glucuronolactone Market Attractiveness Analysis By Application

9. Global Glucuronolactone Market Attractiveness Analysis By Type 

10. Global Glucuronolactone Market Attractiveness Analysis By End-User

11. Global Glucuronolactone Market Attractiveness Analysis By Region

12. Global Glucuronolactone Market: Dynamics

13. Global Glucuronolactone Market Share By Application (2022 & 2030)

14. Global Glucuronolactone Market Share By Type (2022 & 2030)

15. Global Glucuronolactone Market Share By End-User (2022 & 2030)

16. Global Glucuronolactone Market Share By Regions (2022 & 2030)

17. Global Glucuronolactone Market Share By Company (2021)

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global glucuronolactone based on below mentioned segments:

Global Glucuronolactone Market by Application:

  • Processing Aids & Additives
  • Preservatives
  • Energy Supplements
  • Antioxidants
  • Others

 Global Glucuronolactone Market by Type:

  • Liquid
  • Powder
  • Tablet/Capsule

Global Glucuronolactone Market by End-User:

  • Energy Drinks
  • Dietary Supplements
  • Pharmaceuticals
  • Functional Food
  • Cosmetics

Global Glucuronolactone 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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