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Global Food Amino Acids Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 204
  • CATEGORY
  • Food & Beverages

Market Overview:

Food amino acids are natural or synthetic compounds that are used as food additives to enhance the flavor, aroma, and nutritional value of food products. They are essential building blocks of proteins and are required for various biological processes in the human body. The food amino acids market refers to the market for these compounds as food additives, which are used in various food and beverage products.

The global food amino acids market is driven by various factors, including increasing demand for processed food products, growing awareness about the health benefits of amino acids, and the rising trend of vegetarian and vegan diets. The market is also influenced by technological advancements in food processing, increasing demand for convenience foods, and the growing popularity of functional foods and beverages.

The market can be segmented by source, application, and geography. Based on the source, the market can be categorized into plant-based, animal-based, and synthetic amino acids. Based on application, the market can be segmented into food and beverages, pharmaceuticals, and others. Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Major players in the food amino acids market include Ajinomoto Co. Inc., CJ CheilJedang Corp, Sigma-Aldrich Corporation, Archer Daniels Midland Company, Evonik Industries AG, Prinova Group LLC, Kyowa Hakko Bio Co. Ltd., Royal DSM N.V., Brenntag AG, and Novus International Inc.

Covid-19 Impact:

The COVID-19 pandemic has had a mixed impact on the food amino acids market. On the one hand, there has been a surge in demand for health and wellness products, which has driven the demand for amino acids used in dietary supplements and functional foods. On the other hand, the pandemic has disrupted supply chains and logistics, leading to delays in the manufacturing and distribution of food amino acids.

In addition, the pandemic has also led to a shift in consumer preferences towards natural and plant-based products, which could have an impact on the demand for animal-based amino acids. This trend is expected to continue in the post-pandemic period, driving the demand for plant-based amino acids in the food industry.

Overall, the food amino acids market is expected to recover from the pandemic-induced disruptions in the near future, driven by the increasing demand for functional foods and dietary supplements. The market is also likely to benefit from the growing trend of personalized nutrition, which is expected to drive the demand for customized amino acid formulations for specific health conditions.

Market Dynamics:

Drivers:

The food amino acids market refers to the industry that produces and sells amino acids that are used as ingredients in various food and beverage products. Amino acids are organic compounds that are essential for building proteins in the body, and they also have a number of other important functions.

One of the key drivers of the food amino acids market is the growing demand for protein-rich food products, especially in developing countries where diets may be deficient in protein. Amino acids are often added to processed foods and supplements to increase their protein content and improve their nutritional profile. Additionally, the rise of vegan and vegetarian diets has created a need for plant-based protein alternatives, which can be derived from amino acids.

Another driver of the food amino acids market is the increasing use of amino acids in functional foods and dietary supplements. Amino acids have been shown to have a variety of health benefits, including improving muscle growth and repair, supporting immune function, and reducing inflammation. As consumers become more interested in maintaining their health and wellness, the demand for these products is likely to continue to grow.

Finally, advancements in biotechnology and fermentation processes have made it easier and more cost-effective to produce amino acids on a large scale. This has led to increased competition and lower prices, making amino acids more accessible to food and beverage manufacturers.

Regional Analysis:

The food amino acids market is a global market, with manufacturers and suppliers operating in various regions around the world. The market can be analyzed by region to understand the trends, drivers, and challenges that are specific to each region.

  1. North America: The North American market for food amino acids is driven by the increasing demand for protein-rich food and dietary supplements. The market is also supported by the growing popularity of plant-based diets, which has led to increased demand for vegan and vegetarian protein alternatives.
  2. Europe: In Europe, the food amino acids market is driven by the demand for functional foods and supplements. Consumers in the region are increasingly interested in maintaining their health and wellness, which has led to a growing demand for products that provide specific health benefits.
  3. Asia Pacific: The Asia Pacific region is the largest market for food amino acids, driven by the increasing demand for protein-rich food products in countries such as China and India. The region is also a major producer of amino acids, with several large manufacturers located in China.
  4. Latin America: The Latin American market for food amino acids is driven by the increasing demand for processed food products, which often require the addition of amino acids to improve their nutritional profile.
  5. Middle East and Africa: The Middle East and Africa market for food amino acids is driven by the increasing demand for protein-rich food products and the growing popularity of dietary supplements. However, the market is also faced with challenges such as political instability and a lack of infrastructure.

Overall, the global food amino acids market is expected to continue to grow in the coming years, driven by the increasing demand for protein-rich food products, functional foods, and dietary supplements. The market is also likely to be influenced by advancements in biotechnology and fermentation processes, which will make it easier and more cost-effective to produce amino acids.

Market Segmentation:

The food amino acids market can be segmented based on various factors such as type, source, form, application, and region. Here is a list of some of the common segments used to analyze the food amino acids market:

  1. By Type:
  • Glutamic acid
  • Lysine
  • Tryptophan
  • Methionine
  • Threonine
  • Others (including valine, leucine, isoleucine, phenylalanine, and histidine)
  1. By Source:
  • Animal-based amino acids (derived from animal sources such as meat, fish, and dairy)
  • Plant-based amino acids (derived from plant sources such as soy, peas, and rice)
  1. By Form:
  • Powder
  • Liquid
  • Granules
  1. By Application:
  • Food and Beverages (including bakery, confectionery, dairy, meat, and poultry products)
  • Dietary supplements
  • Pharmaceuticals
  • Animal Feed
  1. By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Segmenting the food amino acids market helps to identify trends, demand patterns, and opportunities in each segment. This information is useful for manufacturers, suppliers, and investors to make informed decisions about their product offerings and investments.

Competitive Landscape:

List of some of the major players in the global food amino acids market:

  1. Ajinomoto Co., Inc.
  2. Kyowa Hakko Bio Co., Ltd.
  3. CJ CheilJedang
  4. Evonik Industries AG
  5. Fufeng Group Limited
  6. Archer Daniels Midland Company
  7. Cargill, Incorporated
  8. Novus International, Inc.
  9. Global Bio-Chem Technology Group Company Limited
  10. Prinova Group LLC
  11. Sunrise Nutrachem Group Co., Ltd.
  12. Sigma-Aldrich Corporation
  13. Tianjin Tianan Pharmaceuticals Co., Ltd.
  14. Wuxi Jinghai Amino Acid Co., Ltd.
  15. Amino GmbH

These companies are involved in the production, distribution, and marketing of amino acids used in food and beverage products, dietary supplements, pharmaceuticals, and animal feed. They operate globally and often compete with each other on the basis of quality, price, and innovation.

Why to buy this Report?

The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

§  Business Model

§  Production Capacity, Revenue, Sales, Gross Margin

§  Key Business Strategy

§  SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:

§  Company Share Analysis from 2018-2022

§  Company Analysis by Revenue and Sales

§  Company Production Capacity, Gross Margin

§  Company Share Analysis by Application/End Use

§  Company Share Analysis by Product/Specification

Key Points:
Define, describe and forecast Food Amino Acids product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.

Years considered for this report:
Historical Years: 2016-2021
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2022-2030
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Food Amino Acids Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Food Amino Acids
1.3 Food Amino Acids Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Food Amino Acids
1.4.2 Applications of Food Amino Acids
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Prinova Group LLC Market Performance Analysis
3.1.1 Prinova Group LLC Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Prinova Group LLC Sales, Value, Price, Gross Margin 2016-2021
3.2 Rochem International Inc. Market Performance Analysis
3.2.1 Rochem International Inc. Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Rochem International Inc. Sales, Value, Price, Gross Margin 2016-2021
3.3 Brenntag AG Market Performance Analysis
3.3.1 Brenntag AG Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Brenntag AG Sales, Value, Price, Gross Margin 2016-2021
3.4 Kyowa Hakko Kirin Group Market Performance Analysis
3.4.1 Kyowa Hakko Kirin Group Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Kyowa Hakko Kirin Group Sales, Value, Price, Gross Margin 2016-2021
3.5 Shaoxing Yamei Biotechnology Co., Ltd Market Performance Analysis
3.5.1 Shaoxing Yamei Biotechnology Co., Ltd Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Shaoxing Yamei Biotechnology Co., Ltd Sales, Value, Price, Gross Margin 2016-2021
3.6 Sigma-Aldrich Market Performance Analysis
3.6.1 Sigma-Aldrich Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Sigma-Aldrich Sales, Value, Price, Gross Margin 2016-2021
3.7 Taiyo International Market Performance Analysis
3.7.1 Taiyo International Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Taiyo International Sales, Value, Price, Gross Margin 2016-2021
3.8 Evonik Industries Market Performance Analysis
3.8.1 Evonik Industries Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 Evonik Industries Sales, Value, Price, Gross Margin 2016-2021
3.9 Kraemer Martin GmbH (Azelis) Market Performance Analysis
3.9.1 Kraemer Martin GmbH (Azelis) Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Kraemer Martin GmbH (Azelis) Sales, Value, Price, Gross Margin 2016-2021
3.10 Ajinomoto Co., Inc. Market Performance Analysis
3.10.1 Ajinomoto Co., Inc. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 Ajinomoto Co., Inc. Sales, Value, Price, Gross Margin 2016-2021
3.11 Amino GmbH Market Performance Analysis
3.11.1 Amino GmbH Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Amino GmbH Sales, Value, Price, Gross Margin 2016-2021
3.12 Qingdao Samin Chemical Co., Ltd. Market Performance Analysis
3.12.1 Qingdao Samin Chemical Co., Ltd. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Qingdao Samin Chemical Co., Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.13 Hugestone Enterprise Co., Ltd. Market Performance Analysis
3.13.1 Hugestone Enterprise Co., Ltd. Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Hugestone Enterprise Co., Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.14 Sunrise Nutrachem Group Market Performance Analysis
3.14.1 Sunrise Nutrachem Group Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Sunrise Nutrachem Group Sales, Value, Price, Gross Margin 2016-2021
3.15 Kingchem LLC Market Performance Analysis
3.15.1 Kingchem LLC Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Kingchem LLC Sales, Value, Price, Gross Margin 2016-2021
3.16 CJ Corporation Market Performance Analysis
3.16.1 CJ Corporation Basic Information
3.16.2 Product and Service Analysis
3.16.3 Strategies for Company to Deal with the Impact of COVID-19
3.16.4 CJ Corporation Sales, Value, Price, Gross Margin 2016-2021
3.17 Pacific Rainbow International, Inc. Market Performance Analysis
3.17.1 Pacific Rainbow International, Inc. Basic Information
3.17.2 Product and Service Analysis
3.17.3 Strategies for Company to Deal with the Impact of COVID-19
3.17.4 Pacific Rainbow International, Inc. Sales, Value, Price, Gross Margin 2016-2021
3.18 Monteloeder S.L. Market Performance Analysis
3.18.1 Monteloeder S.L. Basic Information
3.18.2 Product and Service Analysis
3.18.3 Strategies for Company to Deal with the Impact of COVID-19
3.18.4 Monteloeder S.L. Sales, Value, Price, Gross Margin 2016-2021
3.19 Daesang Corporation Market Performance Analysis
3.19.1 Daesang Corporation Basic Information
3.19.2 Product and Service Analysis
3.19.3 Strategies for Company to Deal with the Impact of COVID-19
3.19.4 Daesang Corporation Sales, Value, Price, Gross Margin 2016-2021
3.20 Pangaea Sciences Inc. Market Performance Analysis
3.20.1 Pangaea Sciences Inc. Basic Information
3.20.2 Product and Service Analysis
3.20.3 Strategies for Company to Deal with the Impact of COVID-19
3.20.4 Pangaea Sciences Inc. Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Food Amino Acids Production and Value by Type
4.1.1 Global Food Amino Acids Production by Type 2016-2021
4.1.2 Global Food Amino Acids Market Value by Type 2016-2021
4.2 Global Food Amino Acids Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Glutamic Acid Market Production, Value and Growth Rate
4.2.2 Lysine Market Production, Value and Growth Rate
4.2.3 Tryptophan Market Production, Value and Growth Rate
4.2.4 Methionine Market Production, Value and Growth Rate
4.2.5 Phenylalanine Market Production, Value and Growth Rate
4.3 Global Food Amino Acids Production and Value Forecast by Type
4.3.1 Global Food Amino Acids Production Forecast by Type 2021-2026
4.3.2 Global Food Amino Acids Market Value Forecast by Type 2021-2026
4.4 Global Food Amino Acids Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Glutamic Acid Market Production, Value and Growth Rate Forecast
4.4.2 Lysine Market Production, Value and Growth Rate Forecast
4.4.3 Tryptophan Market Production, Value and Growth Rate Forecast
4.4.4 Methionine Market Production, Value and Growth Rate Forecast
4.4.5 Phenylalanine Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Food Amino Acids Consumption and Value by Application
5.1.1 Global Food Amino Acids Consumption by Application 2016-2021
5.1.2 Global Food Amino Acids Market Value by Application 2016-2021
5.2 Global Food Amino Acids Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Nutraceutical & Dietary Supplements Market Consumption, Value and Growth Rate
5.2.2 Infant Formula Market Consumption, Value and Growth Rate
5.2.3 Food Fortification Market Consumption, Value and Growth Rate
5.2.4 Convenience Foods Market Consumption, Value and Growth Rate
5.2.5 Others Market Consumption, Value and Growth Rate
5.3 Global Food Amino Acids Consumption and Value Forecast by Application
5.3.1 Global Food Amino Acids Consumption Forecast by Application 2021-2026
5.3.2 Global Food Amino Acids Market Value Forecast by Application 2021-2026
5.4 Global Food Amino Acids Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Nutraceutical & Dietary Supplements Market Consumption, Value and Growth Rate Forecast
5.4.2 Infant Formula Market Consumption, Value and Growth Rate Forecast
5.4.3 Food Fortification Market Consumption, Value and Growth Rate Forecast
5.4.4 Convenience Foods Market Consumption, Value and Growth Rate Forecast
5.4.5 Others Market Consumption, Value and Growth Rate Forecast

6 Global Food Amino Acids by Region, Historical Data and Market Forecasts
6.1 Global Food Amino Acids Sales by Region 2016-2021
6.2 Global Food Amino Acids Market Value by Region 2016-2021
6.3 Global Food Amino Acids Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Food Amino Acids Sales Forecast by Region 2021-2026
6.5 Global Food Amino Acids Market Value Forecast by Region 2021-2026
6.6 Global Food Amino Acids Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Food Amino Acids Value and Market Growth 2016-2021
7.2 United State Food Amino Acids Sales and Market Growth 2016-2021
7.3 United State Food Amino Acids Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Food Amino Acids Value and Market Growth 2016-2021
8.2 Canada Food Amino Acids Sales and Market Growth 2016-2021
8.3 Canada Food Amino Acids Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Food Amino Acids Value and Market Growth 2016-2021
9.2 Germany Food Amino Acids Sales and Market Growth 2016-2021
9.3 Germany Food Amino Acids Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Food Amino Acids Value and Market Growth 2016-2021
10.2 UK Food Amino Acids Sales and Market Growth 2016-2021
10.3 UK Food Amino Acids Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Food Amino Acids Value and Market Growth 2016-2021
11.2 France Food Amino Acids Sales and Market Growth 2016-2021
11.3 France Food Amino Acids Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Food Amino Acids Value and Market Growth 2016-2021
12.2 Italy Food Amino Acids Sales and Market Growth 2016-2021
12.3 Italy Food Amino Acids Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Food Amino Acids Value and Market Growth 2016-2021
13.2 Spain Food Amino Acids Sales and Market Growth 2016-2021
13.3 Spain Food Amino Acids Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Food Amino Acids Value and Market Growth 2016-2021
14.2 Russia Food Amino Acids Sales and Market Growth 2016-2021
14.3 Russia Food Amino Acids Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Food Amino Acids Value and Market Growth 2016-2021
15.2 China Food Amino Acids Sales and Market Growth 2016-2021
15.3 China Food Amino Acids Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Food Amino Acids Value and Market Growth 2016-2021
16.2 Japan Food Amino Acids Sales and Market Growth 2016-2021
16.3 Japan Food Amino Acids Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Food Amino Acids Value and Market Growth 2016-2021
17.2 South Korea Food Amino Acids Sales and Market Growth 2016-2021
17.3 South Korea Food Amino Acids Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Food Amino Acids Value and Market Growth 2016-2021
18.2 Australia Food Amino Acids Sales and Market Growth 2016-2021
18.3 Australia Food Amino Acids Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Food Amino Acids Value and Market Growth 2016-2021
19.2 Thailand Food Amino Acids Sales and Market Growth 2016-2021
19.3 Thailand Food Amino Acids Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Food Amino Acids Value and Market Growth 2016-2021
20.2 Brazil Food Amino Acids Sales and Market Growth 2016-2021
20.3 Brazil Food Amino Acids Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Food Amino Acids Value and Market Growth 2016-2021
21.2 Argentina Food Amino Acids Sales and Market Growth 2016-2021
21.3 Argentina Food Amino Acids Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Food Amino Acids Value and Market Growth 2016-2021
22.2 Chile Food Amino Acids Sales and Market Growth 2016-2021
22.3 Chile Food Amino Acids Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Food Amino Acids Value and Market Growth 2016-2021
23.2 South Africa Food Amino Acids Sales and Market Growth 2016-2021
23.3 South Africa Food Amino Acids Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Food Amino Acids Value and Market Growth 2016-2021
24.2 Egypt Food Amino Acids Sales and Market Growth 2016-2021
24.3 Egypt Food Amino Acids Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Food Amino Acids Value and Market Growth 2016-2021
25.2 UAE Food Amino Acids Sales and Market Growth 2016-2021
25.3 UAE Food Amino Acids Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Food Amino Acids Value and Market Growth 2016-2021
26.2 Saudi Arabia Food Amino Acids Sales and Market Growth 2016-2021
26.3 Saudi Arabia Food Amino Acids Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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