Hemp Seed Oil Market by Type (Food Grade, Pharmaceutical Grade), Application (Food, Cosmetic, Pharmaceutical), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Feb, 2020
  • Report ID: 411559
  • Category: Food
  • Pages: 179
$4,700

The global hemp seed oil market is expected to grow from USD 81.58 million in 2019 to USD 967.03 million by 2027, at a CAGR of 36.33% during the forecast period from 2020-2027. Growing demand for hemp seed oil in the food and beverage industry is one of the key factor driving the growth of market.

In addition to this, rising applications of hemp seed oil in the cosmetics and personal care industry, further augmenting the growth of market. Hemp seed oil is widely being used in the personal care and pharmaceutical products, as it contains proteins, unsaturated fatty acids, omega 3 and omega 6.  However, lack of processing facilities and planting & harvesting equipment could hamper the market growth over the forecast period.

The market has been segmented on the basis of type, application and region. The type segment includes food grade and pharmaceutical grade. Food grade held largest market share of 58.90% and valued at USD 47.32 million in 2019. Hemp seed oil is rich in omega-6 and omega-3 polyunsaturated fatty acids. In fact, it’s the only edible oil that contains greater than 80% polyunsaturated essential fatty acids. Linoleic acid (LA) and linolenic acid (LNA) are found in a ratio of 3:1, which is widely believed by nutritionists to be the optimal ratio. Another benefit of hemp seed oil is the high levels of vitamin E. On average, 100g of hemp seed oil contains 100–150mg of vitamin E. This vitamin is known for its antioxidant properties.

The application segment includes food, cosmetic and pharmaceutical. Cosmetic segment held the largest market share of 47.77% in 2019. The presence of omega 3 and omega 6 in skin care products create the perfect balance for optimal skin health and the addition of linoleic acid can help reduce inflammation and aid in acne treatment.

The market has been divided into North America, Europe, Asia Pacific, Middle East and Africa, India and South America. North America held the largest market share of 35.09% in 2019, owing to the highest consumption of hemp seed oil in countries such as the U.S. and Canada.

Key players in the hemp seed oil market are ENDOCA, Hemp Oil Canada, Suyash Herbs, Gaia Botanicals, Isodiol, Medical Marijuana, Aurora Cannabis (AC), Cannoid, Canopy Growth Corporation, CV Sciences, IRIE CBD, Elixinol, NuLeaf Naturals, PharmaHemp, and Folium Bioscience among others. Developing and developed countries are offering greater opportunities and major players are continuously focused on new developments, strategic partnerships, acquisitions and venture capital investments to obtain high growth in the market.

In September 2019, CV Sciences, Inc. announced the expansion of its brand, PlusCBD Oil, with the launch of seven new body care products at Natural Products Expo East to offer innovative solutions to consumer who are seeking alternatives to traditional body care. Each body care product is free from artificial dyes and fragrances, phthalates, sulfates, parabens and certified by US Hemp Authority.

This study forecasts revenue growth at global, regional, and country levels from 2014 to 2027. Fior Markets has segmented the on the basis of below mentioned segments:

  • Global Hemp Seed Oil Market Analysis And Forecast, By Type
    • Food Grade
    • Pharmaceutical Grade
  • Global Hemp Seed Oil Market Analysis And Forecast, By Application
    • Food
    • Cosmetic
    • Pharmaceutical
  • Global Hemp Seed Oil Market Analysis And Forecast, By Regional Analysis
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • Sweden
      • Netherland
      • The U.K.
      • Italy
      • Spain
      • Turkey
      • Switzerland
      • Belgium
      • Rest Of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
      • Malaysia
      • Thailand
      • Indonesia
      • Philippines
      • Rest Of APAC
    • South America
      • Brazil
      • Argentina
      • Peru
      • Colombia
      • Rest Of South America
    • The Middle East And Africa
      •  UAE
      •  Saudi Arabia
      •  Egypt
      •  Nigeria
      •  South Africa
      • Rest Of MEA

Chapter 1 Introduction 12
    1.1 Research Methodology 12
    1.2 FMR desk research 13
          1.2.1 FMR data synthesis 14
          1.2.2 Data validation and market feedback 14
          1.2.3 FMR data sources 15
 

Chapter 2 Global Hemp Seed Oil Market Overview 17
    2.1 Product Overview and Scope of Hemp Seed Oil 17
    2.2 Commercial Types of Hemp Seed Oil 20
          2.2.1 Food Grade 21
          2.2.2 Pharmaceutical Grade 22
    2.3 Commercial Application of Hemp Seed Oil 23
          2.3.1 Food 24
          2.3.2 Cosmetic 25
          2.3.3 Pharmaceutical 26
    2.4 Development History of Hemp Seed Oil 27
    2.5 Market Status and Trend of Hemp Seed Oil 2014-2027 28
          2.5.1 Global Hemp Seed Oil Market Status and Trend 2014-2027 28
          2.5.2 Regional Hemp Seed Oil Market Status and Trend 2014-2027 30
                   2.5.2.1 North America Market Status and Trend 2014-2027 30
          2.5.3 Europe Market Status and Trend 2014-2027 32
          2.5.4 Asia Pacific Market Status and Trend 2014-2027 34
          2.5.5 Middle East and Africa Market Status and Trend 2014-2027 36
          2.5.7 Latin America Market Status and Trend 2014-2027 40
 

Chapter 3 Global Market Status by Regions 42
    3.1 Market Development of Hemp Seed Oil 2014-2018 42
    3.2 Production Market of Hemp Seed Oil by Regions 44
          3.2.1 Production Volume of Hemp Seed Oil by Regions 44
          3.2.2 Regions Production Value of Hemp Seed Oil by Regions 49
    3.3 Demand Market of Hemp Seed Oil by Regions 54
    3.4 Production and Demand Status of Hemp Seed Oil by Regions 59
          3.4.1 Global Production (Tons) and Demand (Tons) Status of Hemp Seed Oil 2014-2018 59
    3.5 Import and Export Status of Hemp Seed Oil by Regions 2014-2018 62
    3.6 Market Forecast of Hemp Seed Oil by Regions 2019-2027 64
          3.7.1 Demand Market Forecast of Hemp Seed Oil by Regions 2019-2027 68
 

Chapter 4 Global Hemp Seed Oil Production by Type 70
    4.1 Production Volume of Hemp Seed Oil by Types 70
    4.2 Production Value of Hemp Seed Oil by Types 75
    4.3 Market Forecast of Hemp Seed Oil by Types 80
 

Chapter 5 Global Hemp Seed Oil Production by Application 85
    5.1 Demand Volume of Hemp Seed Oil by Downstream Industry 85
    5.2 Market Forecast of Hemp Seed Oil by Downstream Industry 90
 

Chapter 6 Market Driving Factor Analysis of Hemp Seed Oil 93
    6.1 Global Economy Situation and Trend Overview 93
    6.2 Hemp Seed Oil Downstream Industry Situation and Trend Overview 94
 

Chapter 7 Hemp Seed Oil Market Competition Status by Major Manufacturers 95
    7.1 Production Volume of Hemp Seed Oil by Major Manufacturers 95
    7.2 Production Value of Hemp Seed Oil by Major Manufacturers 99
    7.3 Market Competition News and Trend 103
          7.3.1 Plant Location and Established Time of Hemp Seed Oil Major Manufacturer 103
    7.4 Market Competition News and Trend 104
 

Chapter 8 Hemp Seed Oil Major Manufacturers 106
    8.1 Endoca 106
          8.1.1 Company Profile 106
          8.1.2 Representative Hemp Seed Oil Industry Product 108
    8.2 Hemp Oil Canada (acquired by Fresh Hemp Foods Ltd) 109
          8.2.1 Company Profile 109
          8.2.2 Representative Hemp Seed Oil Industry Product 111
          8.2.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Hemp Oil Canada 112
    8.3 Suyash Group 114
          8.3.1 Company Profile 114
          8.3.2 Representative Hemp Seed Oil Industry Product 115
    8.4 Bluebird Botanicals 116
          8.4.1 Company Profile 116
          8.4.2 Representative Hemp Seed Oil Industry Product 117
    8.5 Isodiol International, Inc 118
          8.5.1 Company Profile 118
          8.5.2 Representative Hemp Seed Oil Industry Product 119
          8.5.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Isodiol International, Inc 119
    8.6 Medical Marijuana, Inc. 121
          8.6.1 Company Profile 121
          8.6.2 Representative Hemp Seed Oil Industry Product 123
          8.6.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Medical Marijuana, Inc. 123
    8.7 Aurora Cannabis Inc. 125
          8.7.1 Company Profile 125
          8.7.2 Representative Hemp Seed Oil Industry Product 126
          8.7.3 Hemp Seed Oil Industry Sales, Revenue, Price and Gross Margin of Aurora Cannabis Inc. 126
    8.8 Cannoid, LLC 128
          8.8.1 Company Profile 128
          8.8.2 Representative Hemp Seed Oil Industry Product 129
    8.9 Canopy Growth Corporation 130
          8.9.1 Company Profile 130
          8.9.2 Representative Hemp Seed Oil Industry Product 131
    8.10 CV Sciences, Inc. 132
          8.10.1 Company Profile 132
          8.10.2 Representative Hemp Seed Oil Industry Product 133
    8.11 IrieCBD 135
          8.11.1 Company Profile 135
          8.11.2 Representative Hemp Seed Oil Industry Product 136
    8.12 Elixinol Global Limited 137
          8.12.1 Company Profile 137
          8.12.2 Representative Hemp Seed Oil Industry Product 138
    8.13 NuLeaf Naturals, LLC 139
          8.13.1 Company Profile 139
          8.13.2 Representative Hemp Seed Oil Industry Product 140
    8.14 PharmaHemp 141
          8.14.1 Company Profile 141
          8.14.2 Representative Hemp Seed Oil Industry Product 142
    8.15 Folium Biosciences 143
          8.15.1 Company Profile 143
          8.15.2 Representative Hemp Seed Oil Industry Product 144
 

Chapter 9 Upstream and Downstream Market Analysis of Hemp Seed Oil 145
          9.1.1 Industry Chain of Hemp Seed Oil 145
    9.2 Upstream Market and Representative Suppliers Analysis 146
          9.2.1 Upstream Raw Material Market Analysis 146
          9.2.2 Upstream Raw Material Representative Suppliers Analysis 147
    9.3 Downstream Market and Representative Companies 148
          9.3.1 Food 148
          9.3.2 Cosmetic 148
          9.3.3 Pharmaceutical 148
          9.3.4 Representative Consumers of Hemp Seed Oil by Industry 149
 

Chapter 10 Cost and Gross Margin Analysis of Hemp Seed Oil 150
    10.1 Proportion of Manufacturing Cost Structure 150
          10.1.1 Labor Cost Analysis 151
                   10.1.1.1 USA Labor Cost Analysis 152
    10.1 Manufacturing Process Analysis 156
 

Chapter 11 Marketing Status Analysis of Hemp Seed Oil 157
    11.1 Marketing Channel 157
          11.1.1 Direct Marketing 159
          11.1.2 Indirect Marketing 160
    11.2 Market Positioning 162
          11.2.1 Marketing Channel Future Trend 162
          11.2.2 Pricing Strategy 163
          11.2.3 Brand Strategy 166
    11.3 Distributors/Traders List 168
 

Chapter 12 Research Findings and Conclusion 169
 


List of Figures 

FIG. 1 Representative Commercial Product Picture of Hemp Seed Oil 19

FIG. 2 Global Shipments Volume Share of Hemp Seed Oil by Types in 2018 20

FIG. 3 Demand Volume Share of Hemp Seed Oil by Downstream Industry in 2018 23

FIG. 4 Global Hemp Seed Oil Market Status and Trend 2014-2027 28

FIG. 5 Global Hemp Seed Oil Market Size Comparison in 2014, 2018 and 2027 29

FIG. 6 North America Hemp Seed Oil Revenue and Growth Rate 2014-2027 30

FIG. 7 Europe Hemp Seed Oil Revenue and Growth Rate 2014-2027 32

FIG. 8 Asia Pacific Hemp Seed Oil Revenue and Growth Rate 2014-2027 34

FIG. 9 Middle East and Africa Hemp Seed Oil Revenue and Growth Rate 2014-2027 36

FIG. 11 Latin America Hemp Seed Oil Revenue and Growth Rate 2014-2027 40

FIG. 12 Production Volume and Growth Rate of Hemp Seed Oil 2014-2018 42

FIG. 13 Production Value and Growth Rate of Hemp Seed Oil 2014-2018 43

FIG. 14 Production Volume Share of Hemp Seed Oil by Regions in 2015 46

FIG. 15 Production Volume Share of Hemp Seed Oil by Regions in 2017 47

FIG. 16 Production Volume Growth Rate Comparison of Hemp Seed Oil by Regions 2014-2018 48

FIG. 17 Production Value Share of Hemp Seed Oil by Regions in 2015 51

FIG. 18 Production Value Share of Hemp Seed Oil by Regions in 2018 52

FIG. 19 Production Value Growth Rate Comparison of Hemp Seed Oil by Regions 2014-2018 53

FIG. 20 Demand Volume Share of Hemp Seed Oil by Regions in 2015 56

FIG. 21 Demand Volume Share of Hemp Seed Oil by Regions in 2018 57

FIG. 22 Demand Volume Growth Rate Comparison of Hemp Seed Oil by Regions2014-2018 58

FIG. 23 Production Volume Forecast Share of Hemp Seed Oil by Regions in 2027 65

FIG. 24 Production Value Forecast Share of Hemp Seed Oil by Regions in 2027 67

FIG. 25 Demand Volume Forecast Share of Hemp Seed Oil by Regions in 2027 69

FIG. 26 Production Volume Share of Hemp Seed Oil by Types in 2015 72

FIG. 27 Production Volume Share of Hemp Seed Oil by Types in 2018 73

FIG. 28 Production Volume Growth Rate Comparison of Hemp Seed Oil by Types 2014-2018 74

FIG. 29 Production Value Share of Hemp Seed Oil by Types in 2015 77

FIG. 30 Production Volume Share of Hemp Seed Oil by Types in 2018 78

FIG. 31 Production Volume Growth Rate Comparison of Hemp Seed Oil by Types 2014-2018 79

FIG. 32 Production Volume Share Forecast of Hemp Seed Oil by Types in 2027 81

FIG. 33 Production Value Share Forecast of Hemp Seed Oil by Types in 2027 83

FIG. 34 Production Value Growth Rate Comparison of Hemp Seed Oil by Types 2019-2027 84

FIG. 35 Demand Volume Share of Hemp Seed Oil by Applications in 2015 87

FIG. 36 Demand Volume Share of Hemp Seed Oil by Applications in 2018 88

FIG. 37 Demand Volume Market Share Comparison of Hemp Seed Oil by Applications 2014-2018 89

FIG. 38 Demand  Volume  Share  Forecast  of  Hemp  Seed  Oil  by Downstream Industry in 2027 91

FIG. 39 Demand Volume  Growth  Rate Comparison of Hemp Seed Oil by Downstream Industry 2019-2027 92

FIG. 40 Production Volume Share of Hemp Seed Oil by Major Manufacturers in 2015 97

FIG. 41 Production Volume Share of Hemp Seed Oil by Major Manufacturers in 2018 98

FIG. 42 Production Value Share of Hemp Seed Oil by Major Manufacturers in 2015 101

FIG. 43 Production Value Share of Hemp Seed Oil by Major Manufacturers in 2018 102

FIG. 44 Hemp Oil Canada  Hemp Seed Oil Business Revenue And Market Share 113

FIG. 45 Isodiol International, Inc Hemp Seed Oil Business Revenue And Market Share 120

FIG. 46 Medical Marijuana, Inc. Hemp Seed Oil Business Revenue And Market Share 124

FIG. 47 Aurora Cannabis Inc. Hemp Seed Oil Business Revenue And Market Share 127

FIG. 48 Industry Chain of Hemp Seed Oil 145

FIG. 49 Manufacturing Cost Structure 150

FIG. 50 USA Overview of Average Hourly Wages 2015-2016 (USD/Hour) 152

FIG. 51 Middle East and Africa  CPI  (2017-2018) 154

FIG. 52 Europe CPI (2014-2018) 155

FIG. 53 Manufacturing Process 156

FIG. 54 Marketing Channels 157

FIG. 55 Direct Marketing 160

FIG. 56 Inirect Marketing 161

FIG. 57 Marketing Channel 163

FIG. 58 Pricing Strategy 165

FIG. 59 Brand Strategy 167

 

List of Tables

TABLE 1 North America Hemp Seed Oil Market Main Driving Factors Analysis 31

TABLE 2 Europe Hemp Seed Oil Market Main Driving Factors Analysis 33

TABLE 3 Asia Pacific Hemp Seed Oil Market Main Driving Factors Analysis 35

TABLE 4 Middle East and Africa Hemp Seed Oil Market Main Driving Factors Analysis 37

TABLE 6 Latin America Hemp Seed Oil Market Main Driving Factors Analysis 41

TABLE 7 Production Volume (Tons) of Hemp Seed Oil by Regions 2014-2018 44

TABLE 8 Production Volume Share of Hemp Seed Oil by Regions 2014-2018 45

TABLE 9 Production Value (USD Million) of Hemp Seed Oil by Regions 49

TABLE 10 Production Value Share of Hemp Seed Oil by Regions 2014-2018 50

TABLE 11 Demand Volume (Tons) of Hemp Seed Oil by Regions 2014-2018 54

TABLE 12 Demand Volume Share of Hemp Seed Oil by Regions 2014-2018 55

TABLE 13 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 59

TABLE 14 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 59

TABLE 15 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60

TABLE 16 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60

TABLE 17 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 60

TABLE 18 Production and Demand Status of Hemp Seed Oil by Regions 2014-2018 61

TABLE 19 Import Volume of Hemp Seed Oil by Regions 2014-2018 62

TABLE 20 Export Volume of Hemp Seed Oil by Regions 2014-2018 63

TABLE 21 Production Market Forecast of Hemp Seed Oil by Regions 2019-2027 64

TABLE 22 Production Value Forecast of Hemp Seed Oil by Regions 2019-2027 66

TABLE 23 Demand Volume Forecast of Hemp Seed Oil by Regions 2019-2027 68

TABLE 24 Production Volume of Hemp Seed Oil by Types 2014-2018 70

TABLE 25 Production Volume Share of Hemp Seed Oil by Types 2014-2018 71

TABLE 26 Production Value of Hemp Seed Oil by Types 2014-2018 75

TABLE 27 Production Value Share of Hemp Seed Oil by Types 2014-2018 76

TABLE 28 Production Volume Forecast of Hemp Seed Oil by Types 2019-2027 80

TABLE 29 Production Value Forecast of Hemp Seed Oil by Types 2019-2027 82

TABLE 30 Demand Volume of Hemp Seed Oil by Applications 2014-2018 85

TABLE 31 Demand Volume Share of Hemp Seed Oil by Applications 2014-2018 86

TABLE 32 Demand Volume Forecast of Hemp Seed Oil by Applications 2019-2027 90

TABLE 33 Global Production Volume (Tons) of Hemp Seed Oil by Major Manufacturers 2015-2018 95

TABLE 34 Production Volume Share of Hemp Seed Oil by Major Manufacturers 2015-2018 96

TABLE 35 Production Value (USD Million) of Hemp Seed Oil by Major Manufacturers 2015-2018 99

TABLE 36 Global Hemp Seed Oil Revenue Share by Major Manufacturers (2015-2018) 100

TABLE 37 Company Profile of Endoca 106

TABLE 38 Company Profile of Hemp Oil Canada 109

TABLE 39 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Hemp Oil Canada  2015-2018 112

TABLE 40 Company Profile of Suyash Group 114

TABLE 41 Company Profile of Bluebird Botanicals 116

TABLE 42 Company Profile of Isodiol International, Inc 118

TABLE 43 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Isodiol International, Inc 2015-2018 119

TABLE 44 Company Profile of Medical Marijuana, Inc. 121

TABLE 45 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Medical Marijuana, Inc. 2015-2018 123

TABLE 46 Company Profile of Aurora Cannabis Inc. 125

TABLE 47 Hemp Seed Oil Industry Sales, Revenue and Gross Margin of Aurora Cannabis Inc. 2015-2018 126

TABLE 48 Company Profile of Cannoid, LLC 128

TABLE 49 Company Profile of Canopy Growth Corporation 130

TABLE 50 Company Profile of CV Sciences, Inc. 132

TABLE 51 Company Profile of IrieCBD 135

TABLE 52 Company Profile of Elixinol Global Limited 137

TABLE 53 Company Profile of NuLeaf Naturals, LLC 139

TABLE 54 Company Profile of PharmaHemp 141

TABLE 55 Company Profile of Folium Biosciences 143

TABLE 56 Key Suppliers of Raw Materials 146

TABLE 57 Representative Consumers of Hemp Seed Oil by Industry 149

TABLE 58 Manufacturing Cost Structure 150

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & 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, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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