image

Culinary Sauces Market Report Scope & Overview:

The Culinary Sauces Market size was USD 45.43 billion in 2022 and is expected to Reach USD 59.82 billion by 2030 and grow at a CAGR of 3.5 % over the forecast period of 2023-2030. 
Culinary sauces are semi-solid ingredients that are used to enhance the flavor, wetness, and texture of meals. They can be produced with a wide range of components, such as vegetables, fruits, meats, seafood, dairy products, and spices.

Based on type they are segmented into wet sauces, Dry sauces. Wet culinary sauces, such as dressings, gravies, and marinades, are versatile and can be used in a variety of recipes. They can be used as cooking bases, coatings for grilling or roasting, salad dressings, or as accompaniments for diverse cuisines. Wet sauces' extensive application possibilities boost their market appeal and recognition.

Based on End Users they are categorized as Restaurants, Households, Food Processor, and others. Due to the rise in home cooking trends, the household application segment has become the dominating one. The performance of the market is boosted by the extensive accessibility and availability of a variety of sauces. Additionally, adding various non-native sauces to traditional dishes helps to improve their flavor and texture, complimenting the dish and making it more appetizing. It is anticipated that the aforementioned factors will increase product demand.  

MARKET DYNAMICS

KEY DRIVERS

  • Growing trend of vegetarian and vegan people

The global population of vegetarians and vegans is growing due to a variety of issues, including worries about animal welfare, health, and the environment. This is increasing demand for vegetarian and vegan sauces. Plant-based components such as tomatoes, vegetables, fruits, and spices are used to make vegetarian and vegan sauces. They are high in nutrients and can be utilized to enhance the flavor and variety of vegetarian and vegan cuisine.

RESTRAIN

  • Fluctuation in raw material prices  

Raw material prices, such as tomatoes, fruits, vegetables, spices, and herbs, can fluctuate due to a variety of factors such as weather, crop yields, and demand and supply. When the prices of raw materials rise, culinary sauce manufacturers may face higher costs. This can make it harder for companies to sustain profit margins, and it can also contribute to increased consumer pricing.

OPPORTUNITY

  • Demand for Exotic Sauce in Restaurants, Hotel, and Cafes

  • Investment in research and development for new flavors, texture

Consumers are continuously looking for new and intriguing flavors to add to their cuisine. Many customers are increasingly looking for healthier options when it comes to eating. Culinary sauce manufacturers can appeal to this rising market group by improving the nutritional profile of their sauces. They are also working on dry sauce concentrates with additions such as soy pepper, soy mushroom, and others.

CHALLENGES

  • Stringent government regulations

Government regulations that are too stringent can hinder innovation in the culinary sauces sector. Manufacturers may be cautious about producing new items if they are unsure whether they will be able to comply with all of the rules. They generally require the following information to be provided on the label including the name of the ingredients & preservatives and any potential negative effects. The rigorous requirements can make it impossible for culinary sauce manufacturers to export their products to select regions in some situations. This may limit their sales and growth prospects.

IMPACT OF RUSSIA UKRAINE WAR

The war has harmed the culinary sauces sector by disrupting supply lines for several commodities, including materials used in culinary sauces like oil, vegetables, fruits, and others. This has resulted in sauce shortages and expensive pricing. In addition to the growth in food prices, global oil and gas prices have risen due to high demand. Russia is a key supplier of oil and gas, and oil prices have risen beyond $100 per barrel since the start of the Russia-Ukraine conflict.

IMPACT OF ONGOING RECESSION

Food and vegetable costs have risen globally as a result of the recession. According to a study from the UN Food and Agriculture Organization, the worldwide Food Price Index (FPI) averaged 159.3 points in March 2022, an increase of 17.9 points (12.6%) from February. Several of these countries saw more food price inflation than the global average (12.6%) during this time period. Hence, the rise in food inflation has indirectly led to an increase in the prices of culinary sauces.

MARKET SEGMENTATION

by Product Type

  • Dry Sauces

  • Wet Sauces

by Distribution Channel

  • Supermarket/Hypermarket

  • Convenience Stores

  • Online

by End User

  • Restaurants

  • Households

  • Food Processor

  • Other

Culinary Sauces Market Segmentation Analysis

REGIONAL ANALYSIS

North America is the largest market for culinary sauces, accounting for a share of over 30% of the global market. The market is driven by the growing demand for convenience foods, as well as the increasing popularity of ethnic cuisines. The United States is the largest market in North America, followed by Canada.

Asia Pacific's culinary sauces market in 2022 stood at USD 17.3 billion and is anticipated to register the fastest growth rate during the forecasted period. Increased sales of culinary sauces in this region is driven by a changed lifestyle and willingness to experiment with various flavors and taste. Asian cuisines are known for their diverse, vibrant, and varied flavors imparted by using a wide range of condiments such as culinary sauces.

Europe’s culinary sauces market share is growing by the robust growth in the sauces and condiments industry across the region. The rising demand for spicy ethnic foods and their increasing popularity in European countries, such as Italy, Germany, France, and others, is encouraging key international market players such as McCormick and Hormel to invest in the European market.

REGIONAL COVERAGE

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS

Ken’s Foods, Hormel Foods Corporation, Yamasa Corporation, The Kraft Heinz Company, Conagra Brands, Del Monte Foods, Unilever PLC, McCormick & Company, McllhennyCompany, Hormel Foods Corporation, and other key players are mentioned in the final report.

Hormel Foods Corporation-Company Financial Analysis

RECENT DEVELOPMENTS

In 2023 Mother's Recipe, India's top food brand, recently announced the launch of a new category of "Exotic Global Sauces" under the brand 'Recipe' - available in Green Chili, Red Chili, Soya bean, Garlic Chilli, Sriracha Sauce, and Chilli Vinegar.

In 2023 Heinz is introducing "Culinary Tomatoes," a new line that includes only its "finest" tomatoes that are "sun-ripened and grown in Italy for incomparable flavor." The product line comprises chopped and peeled tomatoes, pizza sauce, tomato puree, and a variety of tomato bases for cooking sauces (passata, chilli, curry, and frito).

In 2022 Sonia Group Holding, a culinary and solutions producer, purchased the sauce experts Sauces etCreations and Atelier D2i in France to broaden its product offering range with sweet and savory made-to-measure sauces.

Culinary Sauces Market Report Scope:

Report Attributes Details
Market Size in 2022  US$ 45.43 Billion
Market Size by 2030  US$ 59.82 Billion
CAGR   CAGR of 3.5 % From 2023 to 2030
Base Year 2022
Forecast Period  2023-2030
Historical Data  2019-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Wet Sauces, Dry Sauces)
• By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online)
• By End User (Restaurants, Households, Food Processor, Other)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles Ken’s Foods, Hormel Foods Corporation, Yamasa Corporation, The Kraft Heinz Company, Conagra Brands, Del Monte Foods, Unilever PLC, McCormick & Company, McllhennyCompany, Hormel Foods Corporation
Key Drivers • Growing trend of vegetarian and vegan people
Market Challenges • Stringent government regulations

 

Frequently Asked Questions

Ans: Culinary Sauces Market is anticipated to expand by 3.5 % from 2023 to 2030.

Ans: Culinary Sauces Market size was valued at USD 45.43 billion in 2022

Ans: USD 59.82 billion is expected to grow by 2030.

 

Ans: Challenges are Stringent government regulations

Ans: Opportunities are Demand for Exotic Sauce in Restaurants, Hotel, and Cafes and investment in research and development for new flavors, texture

Table of Contents

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges

4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Culinary Sauces Market Segmentation, By Product Type
8.1 Wet Sauces
8.2 Dry Sauces

9. Culinary Sauces Market Segmentation, By Distribution Channel
9.1 Supermarket/Hypermarket
9.2 Convenience Stores
9.3 Online

10. Culinary Sauces Market Segmentation, By End User
10.1 Restaurants
10.2 Households
10.3 Food Processor
10.4 Other

11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Culinary Sauces Market by Country
11.2.2 North America Culinary Sauces Market by Product Type
11.2.3 North America Culinary Sauces Market by Distribution Channel
11.2.4 North America Culinary Sauces Market by End User
11.2.5 USA
11.2.5.1 USA Culinary Sauces Market by Product Type
11.2.5.2 USA Culinary Sauces Market by Distribution Channel
11.2.5.3 USA Culinary Sauces Market by End User
11.2.6 Canada
11.2.6.1 Canada Culinary Sauces Market by Product Type
11.2.6.2 Canada Culinary Sauces Market by Distribution Channel
11.2.6.3 Canada Culinary Sauces Market by End User
11.2.7 Mexico
11.2.7.1 Mexico Culinary Sauces Market by Product Type
11.2.7.2 Mexico Culinary Sauces Market by Distribution Channel
11.2.7.3 Mexico Culinary Sauces Market by End User
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Culinary Sauces Market by Country
11.3.1.2 Eastern Europe Culinary Sauces Market by Product Type
11.3.1.3 Eastern Europe Culinary Sauces Market by Distribution Channel
11.3.1.4 Eastern Europe Culinary Sauces Market by End User
11.3.1.5 Poland
11.3.1.5.1 Poland Culinary Sauces Market by Product Type
11.3.1.5.2 Poland Culinary Sauces Market by Distribution Channel
11.3.1.5.3 Poland Culinary Sauces Market by End User
11.3.1.6 Romania
11.3.1.6.1 Romania Culinary Sauces Market by Product Type
11.3.1.6.2 Romania Culinary Sauces Market by Distribution Channel
11.3.1.6.4 Romania Culinary Sauces Market by End User
11.3.1.7 Turkey
11.3.1.7.1 Turkey Culinary Sauces Market by Product Type
11.3.1.7.2 Turkey Culinary Sauces Market by Distribution Channel
11.3.1.7.3 Turkey Culinary Sauces Market by End User
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Culinary Sauces Market by Product Type
11.3.1.8.2 Rest of Eastern Europe Culinary Sauces Market by Distribution Channel
11.3.1.8.3 Rest of Eastern Europe Culinary Sauces Market by End User
11.3.2 Western Europe
11.3.2.1 Western Europe Culinary Sauces Market by Product Type
11.3.2.2 Western Europe Culinary Sauces Market by Distribution Channel
11.3.2.3 Western Europe Culinary Sauces Market by End User
11.3.2.4 Germany
11.3.2.4.1 Germany Culinary Sauces Market by Product Type
11.3.2.4.2 Germany Culinary Sauces Market by Distribution Channel
11.3.2.4.3 Germany Culinary Sauces Market by End User
11.3.2.5 France
11.3.2.5.1 France Culinary Sauces Market by Product Type
11.3.2.5.2 France Culinary Sauces Market by Distribution Channel
11.3.2.5.3 France Culinary Sauces Market by End User
11.3.2.6 UK
11.3.2.6.1 UK Culinary Sauces Market by Product Type
11.3.2.6.2 UK Culinary Sauces Market by Distribution Channel
11.3.2.6.3 UK Culinary Sauces Market by End User
11.3.2.7 Italy
11.3.2.7.1 Italy Culinary Sauces Market by Product Type
11.3.2.7.2 Italy Culinary Sauces Market by Distribution Channel
11.3.2.7.3 Italy Culinary Sauces Market by End User
11.3.2.8 Spain
11.3.2.8.1 Spain Culinary Sauces Market by Product Type
11.3.2.8.2 Spain Culinary Sauces Market by Distribution Channel
11.3.2.8.3 Spain Culinary Sauces Market by End User
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Culinary Sauces Market by Product Type
11.3.2.9.2 Netherlands Culinary Sauces Market by Distribution Channel
11.3.2.9.3 Netherlands Culinary Sauces Market by End User
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Culinary Sauces Market by Product Type
11.3.2.10.2 Switzerland Culinary Sauces Market by Distribution Channel
11.3.2.10.3 Switzerland Culinary Sauces Market by End User
11.3.2.11.1 Austria
11.3.2.11.2 Austria Culinary Sauces Market by Product Type
11.3.2.11.3 Austria Culinary Sauces Market by Distribution Channel
11.3.2.11.4 Austria Culinary Sauces Market by End User
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Culinary Sauces Market by Product Type
11.3.2.12.2 Rest of Western Europe Culinary Sauces Market by Distribution Channel
11.3.2.12.3 Rest of Western Europe Culinary Sauces Market by End User
11.4 Asia-Pacific
11.4.1 Asia-Pacific Culinary Sauces Market by Country
11.4.2 Asia-Pacific Culinary Sauces Market by Product Type
11.4.3 Asia-Pacific Culinary Sauces Market by Distribution Channel
11.4.4 Asia-Pacific Culinary Sauces Market by End User
11.4.5 China
11.4.5.1 China Culinary Sauces Market by Product Type
11.4.5.2 China Culinary Sauces Market by End User
11.4.5.3 China Culinary Sauces Market by Distribution Channel
11.4.6 India
11.4.6.1 India Culinary Sauces Market by Product Type
11.4.6.2 India Culinary Sauces Market by Distribution Channel
11.4.6.3 India Culinary Sauces Market by End User
11.4.7 Japan
11.4.7.1 Japan Culinary Sauces Market by Product Type
11.4.7.2 Japan Culinary Sauces Market by Distribution Channel
11.4.7.3 Japan Culinary Sauces Market by End User
11.4.8 South Korea
11.4.8.1 South Korea Culinary Sauces Market by Product Type
11.4.8.2 South Korea Culinary Sauces Market by Distribution Channel
11.4.8.3 South Korea Culinary Sauces Market by End User
11.4.9 Vietnam
11.4.9.1 Vietnam Culinary Sauces Market by Product Type
11.4.9.2 Vietnam Culinary Sauces Market by Distribution Channel
11.4.9.3 Vietnam Culinary Sauces Market by End User
11.4.10 Singapore
11.4.10.1 Singapore Culinary Sauces Market by Product Type
11.4.10.2 Singapore Culinary Sauces Market by Distribution Channel
11.4.10.3 Singapore Culinary Sauces Market by End User
11.4.11 Australia
11.4.11.1 Australia Culinary Sauces Market by Product Type
11.4.11.2 Australia Culinary Sauces Market by Distribution Channel
11.4.11.3 Australia Culinary Sauces Market by End User
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Culinary Sauces Market by Product Type
11.4.12.2 Rest of Asia-Pacific Culinary Sauces Market by Distribution Channel
11.4.12.3 Rest of Asia-Pacific Culinary Sauces Market by End User
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Culinary Sauces Market by Country
11.5.1.2 Middle East Culinary Sauces Market by Product Type
11.5.1.3 Middle East Culinary Sauces Market by Distribution Channel
11.5.1.4 Middle East Culinary Sauces Market by End User
11.5.1.5 UAE
11.5.1.5.1 UAE Culinary Sauces Market by Product Type
11.5.1.5.2 UAE Culinary Sauces Market by Distribution Channel
11.5.1.5.3 UAE Culinary Sauces Market by End User
11.5.1.6 Egypt
11.5.1.6.1 Egypt Culinary Sauces Market by Product Type
11.5.1.6.2 Egypt Culinary Sauces Market by Distribution Channel
11.5.1.6.3 Egypt Culinary Sauces Market by End User
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Culinary Sauces Market by Product Type
11.5.1.7.2 Saudi Arabia Culinary Sauces Market by Distribution Channel
11.5.1.7.3 Saudi Arabia Culinary Sauces Market by End User
11.5.1.8 Qatar
11.5.1.8.1 Qatar Culinary Sauces Market by Product Type
11.5.1.8.2 Qatar Culinary Sauces Market by Distribution Channel
11.5.1.8.3 Qatar Culinary Sauces Market by End User
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Culinary Sauces Market by Product Type
11.5.1.9.2 Rest of Middle East Culinary Sauces Market by Distribution Channel
11.5.1.9.3 Rest of Middle East Culinary Sauces Market by End User
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Culinary Sauces Market by Product Type
11.5.2.3 Africa Culinary Sauces Market by Distribution Channel
11.5.2.4 Africa Culinary Sauces Market by End User
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Culinary Sauces Market by Product Type
11.5.2.5.2 Nigeria Culinary Sauces Market by Distribution Channel
11.5.2.5.3 Nigeria Culinary Sauces Market by End User
11.5.2.6 South Africa
11.5.2.6.1 South Africa Culinary Sauces Market by Product Type
11.5.2.6.2 South Africa Culinary Sauces Market by Distribution Channel
11.5.2.6.3 South Africa Culinary Sauces Market by End User
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Culinary Sauces Market by Product Type
11.5.2.7.2 Rest of Africa Culinary Sauces Market by Distribution Channel
11.5.2.7.3 Rest of Africa Culinary Sauces Market by End User
11.6 Latin America
11.6.1 Latin America Culinary Sauces Market by Country
11.6.2 Latin America Culinary Sauces Market by Product Type
11.6.3 Latin America Culinary Sauces Market by Distribution Channel
11.6.4 Latin America Culinary Sauces Market by End User
11.6.5 Brazil
11.6.5.1 Brazil Culinary Sauces Market by Product Type
11.6.5.2 Brazil Culinary Sauces Market by Distribution Channel
11.6.5.3 Brazil Culinary Sauces Market by End User
11.6.6 Argentina
11.6.6.1 Argentina Culinary Sauces Market by Product Type
11.6.6.2 Argentina Culinary Sauces Market by Distribution Channel
11.6.6.3 Argentina Culinary Sauces Market by End User
11.6.7 Colombia
11.6.7.1 Colombia Culinary Sauces Market by Product Type
11.6.7.2 Colombia Culinary Sauces Market by Distribution Channel
11.6.7.3 Colombia Culinary Sauces Market by End User
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Culinary Sauces Market by Product Type
11.6.8.2 Rest of Latin America Culinary Sauces Market by Distribution Channel
11.6.8.3 Rest of Latin America Culinary Sauces Market by End User

12. Company profile
12.1 Ken’s Foods
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Yamasa Corporation
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Hormel Foods Corporation
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 The Kraft Heinz Company
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Conagra Brands
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Del Monte Foods
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Unilever PLC
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 McllhennyCompany
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 McCormick & Company
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Hormel Foods Corporation
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View

13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone