Postbiotic Supplements Market

Postbiotic Supplements Market Size By Form (Powder, Capsules, Liquid, Tablets, and Others), By Type (Short-chain fatty acids, Lipopolysaccharides, Muramly dipeptide, Indole, Teichoic acid, Lactose Pin, and P40 molecule), By Distribution Channel (Online Retail, Supermarkets/Hypermarkets, Drug Stores, Retail Stores, Convenience Store, and Others), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-13273
  • Published Date: Jan, 2023
  • Pages: 236
  • Category: Healthcare
  • Format: PDF
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The global postbiotic supplements market was valued at USD 10.7 million in 2022 and is anticipated to growing at a CAGR of 10.8% from 2022 to 2030. The global postbiotic supplements market is expected to reach USD 24.3 million by 2030. The Asia Pacific is expected to grow the fastest during the forecast period. 

Market Introduction:

Live bacteria or yeasts that occur naturally in the body are known as probiotics. In the human body, there are both good and bad microorganisms. More harmful bacteria enter the body when a person becomes infected, disrupting the body's systems. Good bacteria are given to humans as supplements to remove the bad bacteria and maintain equilibrium. Postbiotics supplements are dietary supplements, immobilized probiotics that help repair intestinal homeostasis similar to probiotics. These are the wastes left in the human body after the body has digested both prebiotics and probiotics. Amino acids, vitamins B and K, antimicrobial peptides, and other nutrients are healthy postbiotic supplements because they help to inhibit the growth of dangerous bacteria. Short-chain fatty acids, another postbiotic component, promote the growth of beneficial bacteria. Surprisingly, they are accountable for various critical functions that improve our health and are located within the intestines. Postbiotic supplements have been suggested as a potential feed additive that might be used in monogastric animals like chickens and pigs to improve the safety of the animals' diets and their capacity for development. The use of postbiotics as a potentially viable alternative to living probiotic microorganisms is something that deserves more investigation. In addition, postbiotic supplements are employed in the functional food sector and the pharmaceutical industry to provide nutritional advantages, prevent diseases, and provide treatment.

Postbiotic Supplements Market Size

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Recent Development
  • In February 2022, Under the brand name Nutrilite, Amway India introduced its nutritional supplements in fashionable and easy-to-use formats. These formats included mouth-dissolving jelly strips and candies that were very popular. These items promote the health of the immune system as well as the health of the bones and the body as a whole.
  • In March 2022, PharmaNutrics released five distinct dietary supplements in the United States. The products are called SerotomixPlus, GlucanPlus, Gaba 600, EnergixPlux, and CurcumixPlux, and they are designed to assist with various conditions, including stress, tiredness, musculoskeletal, and inflammation.

Market Dynamics:

Drivers

Increasing Health Awareness- A healthy, strong population of gut bacteria (also known as a "balanced microbiome") can produce all of the postbiotics supplements necessary for the body. These treatments are more effective when accompanied by adjustments to the patient's lifestyle, notably adopting a healthy diet, reducing exposure to chemicals and drugs that aren't essential, and practicing stress management. Because postbiotics supplements have fewer storage and shelf-life issues than viable probiotics, they can be an elegant and safe technique for enhancing one's health. It is anticipated that the growing demand for sports nutrition products will play a significant part in promoting the use of postbiotic supplements in North America and Europe. This is due to the growing importance of leading an active lifestyle and the increased awareness of the benefits of increasing one's consumption of postbiotic supplements.

Restraints:

High investment- One of the primary hindrances to this market's growth is the high cost of these supplements, which must be drastically decreased to make them commercially feasible for the patients. In addition, drug failure and wastage of investment also restrain the market’s players from investing in the postbiotic supplements market.

Opportunities:

Increase in the importance of health- Consumers are getting a better understanding of the importance of maintaining a healthy digestive tract to their overall health and wellness. The development of new research areas is prompting manufacturers to create new goods to meet the needs of a wider range of customers. Despite this, the expanding operations of NPD have prompted concerns in the market over the level of openness and the effectiveness of their operations. The microbiota is currently the primary focus of research, and researchers are conducting investigations to find indications to avoid or detect health problems and illnesses. It was believed that the cultures produced by the metabolism of probiotics led to the production of postbiotics, which in turn led to their absorption into the digestive system. It's possible that employing entire bacteria in a probiotic form isn't the best idea, and that's where postbiotics come in. Because postbiotics have entered applications in the sector of personal care that are suitable for commercialization, market participants now have the opportunity to broaden the range of products they provide.

Challenges:

Stringent regulatory issues- Stringent regulatory issues related to drug approvals and drug testing is a challenge to the market’s growth. Furthermore, several countries do not allow the testing of drugs on humans before the proper approval, which challenges the market’s growth.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global postbiotic supplements market, with a 39.8% share of the market revenue in 2022.

Europe currently dominates the postbiotic supplements market. The market players in the food and beverages industry and the pharmaceutical industry would continue their investments, which will help expand the regional market. The regional players are investing in research and development to develop new products that will help consumers of varying ages and genders.

The Asia Pacific is expected to be the fastest-growing region due to the competitive strategies that global companies have implemented. The region is seeing a significant increase in the level of consumer awareness. A significant portion of the expansion may be attributed to nations with robust consumer markets, such as India, China, and Australia. The expansion of the regional market is anticipated to be supported by an increase in population, as well as an increase in personal disposable income and an improvement in the overall level of living. ​

North America Region Postbiotic Supplements Market Share in 2022 - 39.8%

 

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Form segment analysis 

The form segment is divided into powder, capsules, liquid, tablets, and others. The liquid segment dominated the market, with a market share of around 30% in 2022. Probiotic liquid pills, yogurt drinks, and more traditional fermented beverages like kefir and kombucha are all examples of the numerous forms that liquid postbiotics may take. This is expected to propel the segment’s growth. ​

Type segment analysis

The type segment is divided into Short-chain fatty acids, Lipopolysaccharides, Muramly dipeptide, Indole, Teichoic acid, Lactose Pin, and P40 molecule. Over the forecast period, the Short-chain fatty acids segment is expected to grow at the fastest CAGR of 11.2%. The features that postbiotics possess may assist in the enhancement of one's immune system. For instance, the development of regulatory T cells in the gut can be stimulated by postbiotics such as butyrate, which is a short-chain fatty acid. These cells regulate the level of immunological response that occurs within the human body, adding impetus to the segment’s growth.

Distribution Channel segment analysis

The distribution channel segment is divided into online retail, supermarkets/hypermarkets, drug stores, retail stores, convenience stores, and others. The supermarkets/hypermarkets segment dominated, with a market share of around 25.7% in 2022. Due to the ease of shopping and the wide selection of protein-based supplement brands that can be found in supermarkets and hypermarkets, these stores are among the most popular places to buy these kinds of items. It is anticipated that the sector will experience accelerated expansion during the forecast period. Because there is a wide variety of probiotic goods available, customers who make their purchases through these retail channels are likely to approach their purchases with a more discerning mindset.

Some of the Key Market Players:
  • Chambio Co., Ltd.
  • Dr. Emil Nutrition
  • Glac Biotech Co., Ltd.
  • Beekeeper's Naturals
  • Pro Formulations MD
  • ADM
  • INLIFE Healthcare
  • Sabinsa cosmetics
  • Million Cheers
  • Ohhira Probiotics

Report Description: 

Attribute Description
Market Size Revenue (USD Million)
Market size value in 2022 USD 10.7 million
Market size value in 2030 USD 24.3 million
CAGR (2022 to 2030) 10.8%
Historical data 2019-2020
Base Year 2021
Forecast 2022-2030
Regional Segments North America, Asia Pacific, Europe, Latin America, Middle East and Africa
Segments  Form, Type, Distribution Channel

Frequesntly Asked Questions

As per The Brainy Insights, the size of the postbiotic supplements market was valued at USD 10.7 million in 2022 to USD 24.3 million by 2030.

The global postbiotic supplements market is growing at a CAGR of 10.8% during the forecast period 2022-2030.

Europe emerged as the largest market for postbiotic supplements.

Key players in the postbiotic supplements market are Chambio Co., Ltd., Dr. Emil Nutrition, Glac Biotech Co., Ltd., Beekeeper's Naturals, Pro Formulations MD, ADM, INLIFE Healthcare, Sabinsa cosmetics, Million Cheers, and Ohhira Probiotics.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Form
          4.3.2. Market Attractiveness Analysis By Type
          4.3.3. Market Attractiveness Analysis By Distribution Channel
          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. Increasing health awareness
    5.3. Restraints
          5.3.1. High investment
    5.4. Opportunities
          5.4.1. Increase in the importance of health
    5.5. Challenges
          5.5.1. Stringent regulatory issues

1. Global Postbiotic Supplements Market Analysis and Forecast, By Form
    1.1. Segment Overview
    1.2. Powder
    1.3. Capsules
    1.4. Liquid
    1.5. Tablets
    1.6. Others

2. Global Postbiotic Supplements Market Analysis and Forecast, By Type
    2.1. Segment Overview
    2.2. Short-chain fatty acids
    2.3. Lipopolysaccharides
    2.4. Muramly dipeptide
    2.5. Indole
    2.6. Teichoic acid
    2.7. Lactose Pin
    2.8. P40 molecule

3. Global Postbiotic Supplements Market Analysis and Forecast, By Distribution Channel
    3.1. Segment Overview
    3.2. Online Retail
    3.3. Supermarkets/Hypermarkets
    3.4. Drug Stores
    3.5. Retail Stores
    3.6. Convenience Store
    3.7. Others

4. Global Postbiotic Supplements Market Analysis and Forecast, By Regional Analysis
    4.1. Segment Overview
    4.2. North America
          4.2.1. U.S.
          4.2.2. Canada
          4.2.3. Mexico
    4.3. Europe
          4.3.1. Germany
          4.3.2. France
          4.3.3. U.K.
          4.3.4. Italy
          4.3.5. Spain
    4.4. Asia-Pacific
          4.4.1. Japan
          4.4.2. China
          4.4.3. India
    4.5. South America
          4.5.1. Brazil
    4.6. Middle East and Africa
          4.6.1. UAE
          4.6.2. South Africa

5. Global Postbiotic Supplements Market-Competitive Landscape
    5.1. Overview
    5.2. Market Share of Key Players in Global Postbiotic Supplements Market
          5.2.1. Global Company Market Share
          5.2.2. North America Company Market Share
          5.2.3. Europe Company Market Share
          5.2.4. APAC Company Market Share
    5.3. Competitive Situations and Trends
          5.3.1. Product Launches and Developments
          5.3.2. Partnerships, Collaborations, and Agreements
          5.3.3. Mergers & Acquisitions
          5.3.4. Expansions

6. Company Profiles
    6.1. Chambio Co., Ltd.
          6.1.1. Business Overview
          6.1.2. Company Snapshot
          6.1.3. Company Market Share Analysis
          6.1.4. Company Product Portfolio
          6.1.5. Recent Developments
          6.1.6. SWOT Analysis
    6.2. Dr. Emil Nutrition
          6.2.1. Business Overview
          6.2.2. Company Snapshot
          6.2.3. Company Market Share Analysis
          6.2.4. Company Product Portfolio
          6.2.5. Recent Developments
          6.2.6. SWOT Analysis
    6.3. Glac Biotech Co., Ltd.
          6.3.1. Business Overview
          6.3.2. Company Snapshot
          6.3.3. Company Market Share Analysis
          6.3.4. Company Product Portfolio
          6.3.5. Recent Developments
          6.3.6. SWOT Analysis
    6.4. Beekeeper's Naturals
          6.4.1. Business Overview
          6.4.2. Company Snapshot
          6.4.3. Company Market Share Analysis
          6.4.4. Company Product Portfolio
          6.4.5. Recent Developments
          6.4.6. SWOT Analysis
    6.5. Pro Formulations MD
          6.5.1. Business Overview
          6.5.2. Company Snapshot
          6.5.3. Company Market Share Analysis
          6.5.4. Company Product Portfolio
          6.5.5. Recent Developments
          6.5.6. SWOT Analysis
    6.6. ADM
          6.6.1. Business Overview
          6.6.2. Company Snapshot
          6.6.3. Company Market Share Analysis
          6.6.4. Company Product Portfolio
          6.6.5. Recent Developments
          6.6.6. SWOT Analysis
    6.7. INLIFE Healthcare
          6.7.1. Business Overview
          6.7.2. Company Snapshot
          6.7.3. Company Market Share Analysis
          6.7.4. Company Product Portfolio
          6.7.5. Recent Developments
          6.7.6. SWOT Analysis
    6.8. Sabinsa cosmetics.
          6.8.1. Business Overview
          6.8.2. Company Snapshot
          6.8.3. Company Market Share Analysis
          6.8.4. Company Product Portfolio
          6.8.5. Recent Developments
          6.8.6. SWOT Analysis
    6.9. Million Cheers
          6.9.1. Business Overview
          6.9.2. Company Snapshot
          6.9.3. Company Market Share Analysis
          6.9.4. Company Product Portfolio
          6.9.5. Recent Developments
          6.9.6. SWOT Analysis
    6.10. Ohhira Probiotics
          6.10.1. Business Overview
          6.10.2. Company Snapshot
          6.10.3. Company Market Share Analysis
          6.10.4. Company Product Portfolio
          6.10.5. Recent Developments
          6.10.6. SWOT Analysis
    6.11. Wolters Kluwer N.V.
          6.11.1. Business Overview
          6.11.2. Company Snapshot
          6.11.3. Company Market Share Analysis
          6.11.4. Company Product Portfolio
          6.11.5. Recent Developments
          6.11.6. SWOT Analysis

List of Table

1. Global Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

2. Global Powder, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million) 

3. Global Capsules, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

4. Global Liquid, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million) 

5. Global Tablets, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

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

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

8. Global Short-chain fatty acids, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

9. Global Lipopolysaccharides, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

10. Global Muramly dipeptide, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

11. Global Indole, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

12. Global Teichoic acid, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

13. Global Lactose Pin, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

14. Global P40 molecule, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

15. Global Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

16. Global Online Retail, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

17. Global Supermarkets/Hypermarkets, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

18. Global Drug Stores, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

19. Global Retail Stores, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

20. Global Convenience Store, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

21. Global Others, Postbiotic Supplements Market, By Region, 2019-2030 (USD Million)

22. North America Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

23. North America Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

24. North America Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

25. U.S. Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

26. U.S. Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

27. U.S. Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

28. Canada Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

29. Canada Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

30. Canada Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

31. Mexico Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

32. Mexico Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

33. Mexico Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

34. Europe Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

35. Europe Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

36. Europe Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

37. Germany Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

38. Germany Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

39. Germany Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

40. France Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

41. France Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

42. France Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

43. U.K. Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

44. U.K. Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

45. U.K. Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

46. Italy Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

47. Italy Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

48. Italy Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

49. Spain Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

50. Spain Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

51. Spain Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

52. Asia Pacific Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

53. Asia Pacific Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

54. Asia Pacific Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

55. Japan Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

56. Japan Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

57. Japan Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

58. China Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

59. China Postbiotic Supplements  Market, By Type, 2019-2030 (USD Million)

60. China Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

61. India Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

62. India Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

63. India Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

64. South America Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

65. South America Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

66. South America Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

67. Brazil Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

68. Brazil Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

69. Brazil Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

70. Middle East and Africa Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

71. Middle East and Africa Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

72. Middle East and Africa Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

73. UAE Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

74. UAE Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

75. UAE Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

76. South Africa Postbiotic Supplements Market, By Form, 2019-2030 (USD Million)

77. South Africa Postbiotic Supplements Market, By Type, 2019-2030 (USD Million)

78. South Africa Postbiotic Supplements Market, By Distribution Channel, 2019-2030 (USD Million)

List of Figures 

1. Global Postbiotic Supplements  Market Segmentation

2. Global Postbiotic Supplements  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 Postbiotic Supplements Market Attractiveness Analysis By Form

9. Global Postbiotic Supplements Market Attractiveness Analysis By Type

10. Global Postbiotic Supplements Market Attractiveness Analysis By Distribution Channel

11. Global Postbiotic Supplements Market Attractiveness Analysis By Region

12. Global Postbiotic Supplements Market: Dynamics

13. Global Postbiotic Supplements Market Share By Form (2022 & 2030)

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

15. Global Postbiotic Supplements Market Share By Distribution Channel (2022 & 2030)

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

17. Global Postbiotic Supplements Market Share By Company (2021)

This study forecasts global, regional, and country revenue from 2019 to 2030. Brainy Insights has segmented the global postbiotic supplements market based on the below-mentioned segments:

Global Postbiotic Supplements Market by Form:

  • Powder
  • Capsules
  • Liquid
  • Tablets
  • Others

Global Postbiotic Supplements Market by Type:

  • Short-chain fatty acids
  • Lipopolysaccharides
  • Muramly dipeptide
  • Indole
  • Teichoic acid
  • Lactose Pin
  • P40 molecule

Global Postbiotic Supplements Market by Distribution Channel:

  • Online Retail
  • Supermarkets/Hypermarkets
  • Drug Stores
  • Retail Stores
  • Convenience Store
  • Others

Global Postbiotic Supplements 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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