Low Intensity Sweeteners Market

Low Intensity Sweeteners Market Size by Type (Xylitol,Sorbitol, Maltitol, D-Tagatose, Mannitol, Erythritol, Allulose, Others), Applications (Beverages, Food, Pharmaceuticals, Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2030

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12634
  • Published Date: Dec, 2021
  • Pages: 110
  • Category: Food & Beverages
  • Format: PDF
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Global low intensity sweeteners market is expected to reach USD 1.45 billion by 2030, at a CAGR of 5% from 2021 to 2030. Low-calorie diets are becoming more popular, which is driving the market for low-intensity sweeteners to rise. The market for low intensity sweeteners is growing due to the rising prevalence of obesity and other health risks associated with the intake of sweet foods. The food and beverage industry's increasing need for low intensity sweeteners is propelling the expansion of the low intensity sweeteners market. The market for low intensity sweeteners is growing due to changing eating patterns and an increase in demand for low-calorie alternatives. The expansion of the low intensity sweeteners market is aided by increased research & development spending in low intensity sweeteners.

Market Overview:

A sweetener is a type of material that is added to food to give it a sweet taste. This substance is commonly known as a sugar substitute. Sweeteners are food additives that are used or intended to be used as a tabletop sweetener or to lend a sweet taste to food. Tabletop sweeteners are goods that contain or include any authorised sweetener and are intended for sale to the end user, typically as a sugar substitute. Sweetening foods, such as sugar and honey, are not additives and are therefore exempt from official regulations. Low-intensity sweeteners are a low-calorie or zero-calorie sugar alternative that provides a sweet taste while keeping the calories in check. It is really important in the weight-loss process. Low-intensity sweeteners are different from high-intensity sweeteners in that they do not impact insulin levels. It is widely used in the food and beverage industry, as well as pharmaceuticals, confectionary, and other industries.Low-intensity sweeteners also aid to maintain insulin levels after they've been consumed. Drinks with minimal to no sugar content are being produced by beverage manufacturers. Low-intensity sweeteners are used by diabetics and obese people. People all throughout the world, for example, are becoming more health-conscious. The Low Intensity Sweeteners Market is predicted to grow at a faster rate in the future years.

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Market Dynamics:

Drivers:
  • Increasing demand for healthy and low-calorie food & beverages

Within the projected period, rising demand for healthy and low-calorie foods and beverages is expected to support the growth of the global low-intensity sweeteners market. Low-intensity sweeteners are fast expanding and are expected to continue to do so in the future years.

Restraints:
  • Higher cost of production

Low intensity sweeteners' adoption in the industry is limited by the rising cost of production associated with employing them as a sugar substitute. Because of the expensive equipment necessary for extractions, low intensity sweeteners are substantially more expensive than sugar.

Opportunities:
  • Other application fields offer growth and diversification opportunities

Sorbitol, xylitol, mannitol, and erythritol are low intensity sweeteners with useful qualities that can be used in a variety of sectors. Xylitol is a low-intensity sweetener that is tooth-friendly and non-fermentable. When compared to other low-intensity sweeteners, it has better oral health benefits. All these elements combine to create a great opportunity for low-intensity producers to serve the health and dental care industries.

Challenges:
  • Consumer resistance to these sweeteners

The increased expense of introducing new goods, as well as customer resistance to these sweeteners, particularly polyols like sorbitol, mannitol, and erythritol, in a variety of food products consumed on a regular basis, are limiting the market's growth.

  • COVID-19 Impact

Due to government-imposed lockdowns to prevent the spread of COVID, the Global Low-Intensity Sweeteners Market has seen a drop in total food and beverage sales. Because people had no choice but to stay inside, product consumption had dropped. Various countries' regulations to contain COVID had halted manufacturing, causing disruption across the supply chain. However, the global markets are gradually opening to their full potential, and demand for Global Low-Intensity Sweeteners is increasing.

Segmentation Analysis:

The global low intensity sweeteners market has been segmented based on type, application, and regions.

  • The type segment is divided into sorbitol, maltitol, xylitol, d-tagatose, erythritol, mannitol, allulose, others. Over the forecast period, the allulose segment is anticipated to increase at the fastest CAGR of around 5.7%. Because it is a low-calorie sugar with the same clean and sweet flavour as tabletop sugar, demand for allulose has increased.
  • The application segment is divided into beverages, food, pharmaceuticals, others. The food segment led the market with a market share of around 24.5% in 2020. The functional features that make them excellent for use in most food applications are principally responsible for this segment's dominance.
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region emerged as the largest market for the global low intensity sweeteners market with a 34.6%share of the market revenue in 2020.

  • The market for low intensity sweeteners in Asia-Pacific is growing due to the presence of prominent product producers in the region.
  • In the market for low-intensity sweeteners, North America is also a leading region. Because of growing health consciousness and increasing disposable income, the United States has proven to be the largest consumer, with the highest demand for these items in the region.

Asia Pacific region Low Intensity Sweeteners Market Share in 2020 - 34.6%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances, and partnerships to improve their market position in the global low intensity sweeteners industry.

Tate & Lyle expanded their DOLCIA PRIMA Allulose offering with a crystalline version certified as non-GMO Project Verified in January 2021. Manufacturers will be able to increase the quantity of retail items bearing the NON-GMO Project Verified label and certification because of this expansion.

Roquette, for example, acquired a majority stake in Crest Cellulose, a large pharmaceutical packaging manufacturer in India.

List of Key Market Players:

  • ADM
  • Anderson Advanced Ingredients
  • Apura Ingredients
  • Bonumose Inc.
  • CJ CheilJedang
  • Daesang Corporation
  • Foodchem International Corporation
  • Fooding Group Limited
  • Hylen Co., Ltd
  • Icon Foods
  • Ingredion Incorporated
  • Matsutani Chemical Industry Co., Ltd
  • Roquette Frères
  • Samyang Corporation
  • Savanna Ingredients
  • Shandong Saigo Group Corporation
  • Sweeteners Plus
  • Tate & Lyle
  • Van Wankum Ingredients
  • Whole Earth Brands

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting And Research Firm
  • Venture capitalists
  • Third-party knowledge providers

Report Description:

  • Global Low Intensity Sweeteners Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2030 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2030 are the forecast years. The global low intensity sweeteners market is based on revenue (USD Billion). The report incorporates the market study based on revenue. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global low intensity sweeteners market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America, and Middle East &Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts across the globe. The research report also delivers an outline of the attractiveness of low intensity sweeteners based on type, application and regions which are deduced and formulated based on their growth rate (CAGR), market size, and attractiveness by analyzing the present and prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global low intensity sweeteners market. This offers vital and in-depth insights to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global low intensity sweeteners market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the product (market related i.e., global low intensity sweeteners market) is covered to comprehend the adoption rate and evaluate the market size. 

Frequesntly Asked Questions

As per The Brainy Insights, the size of the low intensity sweeteners market was valued at USD 1.45 billion in 2020 to USD 2.36 billion by 2030.

Global low intensity sweeteners market is growing at a CAGR of 5% during the forecast period 2021-2030.

The global low intensity sweeteners market has been segmented based on type, application, and regions. The allulose segment is projected to observe the fastest CAGR in the low intensity sweeteners market over the forecast period.

Asia Pacific region emerged as the largest market for the low intensity sweeteners.

The market's growth will be influenced by increasing demand for healthy and low-calorie food & beverages.

Higher cost of production could hamper the market growth.

Other application fields offer growth and diversification opportunities to the market.

Key players includeADM, Anderson Advanced Ingredients, Apura Ingredients, Bonumose Inc., CJ CheilJedang, Daesang Corporation, Foodchem International Corporation, Fooding Group Limited, Hylen Co., Ltd

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 Type
          4.3.2. Market Attractiveness Analysis ByApplication
          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 healthy and low-calorie food& beverages
    5.3. Restraints
          5.3.1. Higher cost of production
    5.4. Opportunities
          5.4.1. Other application fields offer growth and diversification opportunities
    5.5. Challenges
          5.5.1. Consumer resistance to these sweeteners
          5.5.2. COVID-19 impact

6. Global Low Intensity Sweeteners Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Xylitol
    6.3. Sorbitol
    6.4. Maltitol
    6.5. D-Tagatose
    6.6. Mannitol
    6.7. Erythritol
    6.8. Allulose
    6.9. Others

7. Global Low Intensity Sweeteners Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Food
    7.3. Beverages
    7.4. Pharmaceuticals
    7.5. Others

8. Global Low Intensity Sweeteners 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 Low Intensity Sweeteners Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Low Intensity Sweeteners 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. Component Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. ADM
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Component Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Anderson Advanced Ingredients
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Component Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Apura Ingredients
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Component Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Bonumose Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Component Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. CJ CheilJedang
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Component Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Daesang Corporation
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Component Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Foodchem International Corporation
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Component Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Fooding Group Limited
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Component Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Hylen Co., Ltd
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Component Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Icon Foods
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Component Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Ingredion Incorporated
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Component Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. Matsutani Chemical Industry Co. Ltd.
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Component Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Roquette Frères
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Component Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Samyang Corporation
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Component Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. Savanna Ingredients
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Component Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. Shandong Saigo Group Corporation
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Component Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis
    10.17. Sweeteners Plus
          10.17.1. Business Overview
          10.17.2. Company Snapshot
          10.17.3. Company Market Share Analysis
          10.17.4. Company Component Portfolio
          10.17.5. Recent Developments
          10.17.6. SWOT Analysis
    10.18. Tate & Lyle
          10.18.1. Business Overview
          10.18.2. Company Snapshot
          10.18.3. Company Market Share Analysis
          10.18.4. Company Component Portfolio
          10.18.5. Recent Developments
          10.18.6. SWOT Analysis
    10.19. Van Wankum Ingredients
          10.19.1. Business Overview
          10.19.2. Company Snapshot
          10.19.3. Company Market Share Analysis
          10.19.4. Company Component Portfolio
          10.19.5. Recent Developments
          10.19.6. SWOT Analysis
    10.20. Whole Earth Brands
          10.20.1. Business Overview
          10.20.2. Company Snapshot
          10.20.3. Company Market Share Analysis
          10.20.4. Company Component Portfolio
          10.20.5. Recent Developments
          10.20.6. SWOT Analysis

List of Table

1. Global Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

2. Global Xylitol,Low Intensity SweetenersMarket, By Region, 2018-2030 (USD Billion) 

3. Global SorbitolLow Intensity SweetenersMarket, By Region, 2018-2030 (USD Billion) 

4. Global MaltitolLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

5. Global D-TagatoseLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

6. Global MannitolLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

7. Global ErythritolLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

8. Global AlluloseLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

9. Global Others Low Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

10. Global Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

11. Global FoodLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

12. Global BeveragesLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

13. Global PharmaceuticalsLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

14. Global OthersLow Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

15. Global Low Intensity Sweeteners Market, By Region, 2018-2030 (USD Billion) 

16. North America Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

17. North America Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

18. U.S. Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

19. U.S. Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

20. Canada Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

21. Canada Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

22. Mexico Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

23. Mexico Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

24. Europe Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

25. Europe Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

26. Germany Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

27. Germany Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

28. France Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

29. France Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

30. U.K. Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

31. U.K. Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

32. Italy Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

33. Italy Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

34. Spain Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

35. Spain Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

36. Asia Pacific Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

37. Asia Pacific Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

38. Japan Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

39. Japan Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

40. China Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

41. China Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

42. India Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

43. India Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

44. South America Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

45. South America Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

46. Brazil Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

47. Brazil Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

48. Middle East and Africa Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

49. Middle East and Africa Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

50. UAE Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

51. UAE Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

52. South Africa Low Intensity Sweeteners Market, By Type, 2018-2030 (USD Billion) 

53. South Africa Low Intensity Sweeteners Market, By Application, 2018-2030 (USD Billion) 

List of Figures 

1. Global Low Intensity Sweeteners Market Segmentation

2. Low Intensity Sweeteners 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 Low Intensity Sweeteners MarketAttractiveness Analysis By Type

9. Global Low Intensity Sweeteners MarketAttractiveness Analysis ByApplication

10. Global Low Intensity Sweeteners MarketAttractiveness Analysis By Region

11. Global Low Intensity Sweeteners Market: Dynamics

12. Global Low Intensity Sweeteners MarketShare by Type (2020 & 2030)

13. Global Low Intensity Sweeteners MarketShare by Application (2020 & 2030)

14. Global Low Intensity Sweeteners MarketShare by Regions (2020 & 2030)

15. Global Low Intensity Sweeteners MarketShare by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2030. The Brainy Insights has segmented the global low intensity sweeteners market based on below mentioned segments:

Global Low Intensity Sweeteners Market by Type:

  • Xylitol
  • Sorbitol
  • Maltitol
  • D-Tagatose
  • Mannitol
  • Erythritol
  • Allulose
  • Others

Global Low Intensity SweetenersMarket by Application:

  • Food
  • Beverages
  • Pharmaceuticals
  • Others

Global Low Intensity Sweeteners 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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