Animal Growth Promoters and Performance Enhancers Market

Animal Growth Promoters and Performance Enhancers Market Size by Type (Antibiotic, Non-Antibiotic), Animal (Poultry, Livestock, Porcine, Aquaculture, Equine) Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12490
  • Published Date: Oct, 2021
  • Pages: 227
  • Category: Food & Beverages
  • Format: PDF
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Global animal growth promoters and performance enhancers market is expected to reach USD 21.57 billion by 2028, at a CAGR of 7.74% from 2021 to 2028. Global animal growth promoters and performance enhancers market is experiencing a significant growth due to rising global demand for meat, research into antibiotic alternatives, and the need to tackle epidemics and environmental factors.

Market Overview:

Animal growth promoters and performance enhancers are described as drugs or chemicals which help animals grow more easily, by digesting their food efficiently, making the most of it, and enabling animals to develop to healthy and strong adults. These chemicals also shield animals from various kinds of infectious diseases. Cattle producers use growth promoters to increase growth rates and improve product quality and overall efficiency. Multiple compounds have been tried for growth promotion, including antimicrobial agents and hormones. The animal growth promoters are mainly of two types i.e., antibiotic and non-antibiotic growth promoters. The term “antibiotic growth promoter” refers to any pharmaceutical drug that kills or inhibits bacteria and is given at small, sub-therapeutic dosage. With the intensification of livestock farming, the use of antibiotics for growth promotion has emerged. Different types of food additives for animals are known as non-antibiotic growth promoters or natural growth promoters. In livestock production, they are generally seen as attractive substitutes for antibiotic growth promoters.

Non-antibiotic growth promoters include primarily organic acids, prebiotics, phytogenics, probiotics, synbiotics, tannins, immune stimulants, and feed enzymes; a continuous search for substitutes has produced a wide variety of non-antibiotic growth promoters for pigs, ruminants, poultry, and aquatic species. Acidifiers, like organic acids or their salts, are utilized to avoid microbial deterioration of finished feeds or raw materials, in particular under bad storage conditions (e.g., high mold contamination levels, high humidity level). Probiotics are viable spores or live microorganisms that help to develop efficient gut microflora. Probiotic bacteria counteract harmful microorganisms like E. Colior Salmonella by blocking receptors on the gut wall, development of antimicrobials, or by stimulating immune system. Prebiotics are carbohydrates that are non-digestible by host animal. Where as They are fermented selectively by favorable gut bacteria, and ultimately foster a healthy gut microflora, phytogenic are produced from herbs, spices and aromatic plants display antimicrobial, antiviral, antioxidant or sedative effects. They are known for their appetizing effects as they make feed more palatable and activate endogenous digestive enzymes.

Animal feeds comprise differing amounts of indigestible nutrients and undesirable ingredients such as phytate, protein, or antigenic proteins. Specific feed enzymes such as carbohydrases, proteases, or phytases may be used in feeds to maximize the intake of energy and nutrients or to remove certain undesirable components.

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Market Dynamics:

Drivers:
  • A rise in the global meat demand

The growing worldwide demand for meat is a significant factor that will drive the future market of animal growth promoters and performance enhancers. Animal growth promoters make the animal accumulate fat and weight, resulting in more meat production and more costly animal selling.

  • A rise in animal epidemics

The increasing incidence of animal epidemics will drive the growth of good quality and rich meat products, thereby boosting the market for growth promoters and performance enhancers.

Moreover, increasing awareness regarding meat health stimulates the need for natural growth promoters to improve healthy animal production.

Restraints:
  • Stringent regulatory policies

Strict rules set by the US and European governments on the use of animal growth promoters and performance enhancers are curbing the animal growth promoter and performance enhancers markets.

Opportunities:
  • R&D investments

R & D investments in developing natural growth promoters and performance enhancers will provide massive opportunity to market participants. Safe, innovative, and improved animal growth promoters & performance enhancers further add to the opportunities for the industry participants.

Segmentation Analysis:

The global animal growth promoters and performance enhancers market has been segmented based on type, animal, and regions.

  • The type segment is divided into antibiotic and non-antibiotic.The non-antibiotic segment led the animal growth promoters and performance enhancers market with a market share of around 71.23% in 2020 because of their economic benefits, a broad range of substances with a variety of uses for various production animals, sustainability of ecosystem, and increasing regulations on antibiotics and hormones.
  • The animal segment includes poultry, porcine, livestock, aquaculture, and equine. The poultry segment led the animal growth promoters and performance enhancers market with a market share of around 34.33% in 2020 due to increasing demand for poultry meat and eggs worldwide, new dietary design techniques introduced in poultry, and phase-out antibiotics contributing to the development of alternative growth promotion strategies.
Regional Segmentation Analysis:

The regions evaluated for the animal growth promoters and performance enhancers market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia-Pacific region emerged as the largest market for the animal growth promoters and performance enhancers market with a 36.14% share of market revenue in 2020.

  • The large share of this market was due to a high population creating greater demand for domestic meat, attempts by governments to promote animal producers, indistinct regulatory scenario, and the involvement of several prominent animal producer nations.
  • The European regional market is projected to register the highest growth over the forecast periodowing to increasing domestic livestock, poultry and pork production, reducing meat imports due to a ban on certain growth promoters in Europe, and non-compliance by import countries with these regulations, along with technological advances in the production of animals.

Asia-Pacific Animal Growth Promoters and Performance Market Share in 2020- 36.14%

 

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Competitive Analysis:

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

In August 2018, Archer Daniels Midland acquired Probiotics International Ltd, which is a producer of probiotics for the consumption of human, pet and commercial animals operating under the brand ADM Protexin Limited. Protexin would provide a broad variety of probiotics and nutraceutical items that will in turn enhance the safety of humans and animals consuming animal meat.

In October 2015, Novozymes, a leader in biologic solutions, acquired Pacific Vet Group-USA, Inc. (PVG) to improve and broaden its role in the market for animal growth promoters and performance enhancers. PVG manufactures and designs microbial technologies that enhance and upgrade the gut flora in poultry. It would increase the usage of antibiotics in animal farming.

  • Alltech Inc.
  • Cargill Inc.
  • CHR Hansen
  • Elanco Animal Health Inc.
  • Merck and Co. Inc.
  • Royal DSM N.V.
  • Vetoquinol
  • Simfa Labs Pvt. Ltd.

Key Target Audience

  • Drug Manufacturer
  • Pharmaceutical Companies
  • Consulting And Research Firm
  • Government Authorities and R&D Institutions
  • World Health Organization
  • Food and Drug Administration
  • End users (Livestock farmers, farming organizations and poultry farmers)

Report Description

  • Global Animal Growth Promoters and Performance Enhancers Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global animal growth promoters and performance enhancers market is based on revenue (USD Million/Billion), volume and price. The report incorporates the market study on the basis of revenue, and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global animal growth promoters and performance enhancers market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of animal growth promoters and performance enhancers and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to fathom market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global animal growth promoters and performance enhancers market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global animal growth promoters and performance enhancers market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario.
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which acts as a key potential for the investors.
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global animal growth promoters and performance enhancers market) is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per the brainy insights, the size of the animal growth promoters and performance enhancers market was valued at USD 11.08 billion in 2020 and is anticipated to reach USD 21.57 billion by 2028.

Global animal growth promoters and performance enhancers market is growing at a CAGR of 7.74% during the forecast period 2021-2028.

The global animal growth promoters and performance enhancers market has been segmented based on type, animal and regions. The non-antibiotic segment led the animal growth promoters and performance enhancers market.

The Asia-Pacific region emerged as the largest market for the animal growth promoters and performance enhancers market.

The increasing demand for meat worldwide is a major factor which will propel the animal growth promoters and performance enhancers market in the future.

Stringent regulations set by the government may hamper the market growth.

R&D investments to develop natural growth promoters& performance enhancers will provide ample opportunities to the market participants.

Key players are AlltechInc, Cargill Inc, CHR Hansen,Elanco Animal Health Inc, Merck and Co. Inc.

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

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Animal
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rise in the global meat demand
          5.2.2. Rise in animal epidemics
    5.3. Restrains
          5.3.1. Stringent regulatory policies
    5.4. Opportunities
          5.4.1. R&D investments

6. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Antibiotic
    6.3. Non-Antibiotic

7. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Animal
    7.1. Segment Overview
    7.2. Poultry
    7.3. Porcine
    7.4. Livestock
    7.5. Aquaculture
    7.6. Equine

8. Global Animal Growth Promoters and Performance Enhancers Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Animal Growth Promoters and Performance Enhancers Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Animal Growth Promoters and Performance Enhancers Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. Alltech Inc.
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Component Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Cargill Inc.
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Component Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. CHR Hansen
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Component Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Elanco Animal Health Inc.
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Component Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Merck and Co. Inc.
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Component Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Royal DSM N.V.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Component Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Vetoquinol
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Component Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Simfa Labs Pvt. Ltd.
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Component Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
          10.8.7. Recent Developments
          10.8.8. SWOT Analysis

List of Table

1. Global Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

2. Global Antibiotic, Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

3. Global Non-Antibiotic, Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

4. Global Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

5. Global Poultry Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

6. Global Porcine Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

7. Global Livestock Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

8. Global Aquaculture Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

9. Global Equine Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

10. Global Animal Growth Promoters and Performance Enhancers Market, By Region, 2018-2028 (USD Billion)

11. Global Animal Growth Promoters and Performance Enhancers Market, By North America, 2018-2028 (USD Billion)

12. North America Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

13. North America Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

14. U.S. Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

15. U.S. Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

16. Canada Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

17. Canada Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

18. Mexico Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

19. Mexico Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

20. Europe Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

21. Europe Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

22. Germany Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

23. Germany Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

24. France Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

25. France Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

26. U.K. Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

27. U.K. Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

28. Italy Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

29. Italy Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

30. Spain Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

31. Spain Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

32. Asia Pacific Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

33. Asia Pacific Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

34. Japan Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

35. Japan Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

36. China Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

37. China Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

38. India Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

39. India Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

40. South America Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

41. South America Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

42. Brazil Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

43. Brazil Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

44. Middle East and Africa Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

45. Middle East and Africa Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

46. UAE Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

47. UAE Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

48. South Africa Animal Growth Promoters and Performance Enhancers Market, By Type, 2018-2028 (USD Billion)

49. South Africa Animal Growth Promoters and Performance Enhancers Market, By Animal, 2018-2028 (USD Billion)

List of Figures 

1. Global Animal Growth Promoters and Performance Enhancers Market Segmentation

2. Animal Growth Promoters and Performance Enhancers 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 Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Type

9. Global Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Animal

10. Global Animal Growth Promoters and Performance Enhancers Market Attractiveness Analysis By Region

11. Global Animal Growth Promoters and Performance Enhancers Market: Dynamics

12. Global Animal Growth Promoters and Performance Enhancers Market Share by Type (2021& 2028 )

13. Global Animal Growth Promoters and Performance Enhancers Market Share by Animal (2021& 2028 )

14. Global Animal Growth Promoters and Performance Enhancers Market Share by Regions (2021& 2028 )

15. Global Animal Growth Promoters and Performance Enhancers Market Share by Company (2020)

This study forecasts revenue growth at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global animal growth promoters and performance enhancers market on the basis of below mentioned segments:

Global Animal Growth Promoters and Performance Enhancers Market by Type:

  • Antibiotic
  • Non-Antibiotic

Global Animal Growth Promoters and Performance Enhancers Market by Animal:

  • Poultry
  • Porcine
  • Livestock
  • Aquaculture
  • Equine

Global Animal Growth Promoters and Performance Enhancers 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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