image

Food Amino Acids Market Report Scope & Overview:

The Food Amino Acids Market size was USD $25.21 billion in 2022 and is expected to Reach USD 47.01 billion by 2030 and grow at a CAGR of 8.1 % over the forecast period of 2023-2030.

The increased demand for amino acids as functional foods and the expanding usage of glutamic acid as a taste enhancer in a variety of foods and beverages are expected to propel market growth during the upcoming years. Amino acids are used for a variety of purposes, including the development and maintenance of flavours, as nutrients or protein building blocks, and in specialty products like aspartame. It is predicted that these usage would propel the sector.

Food Amino Acids Market Revenue Analysis

Protein powders constituted the bulk of protein supplements bought in Australia in 2022, according to 58% of respondents who said they had recently bought one. Comparatively, just 13% of customers purchased protein-based ready-to-drink products. The growing preference to include protein in daily meals has facilitated the development of dietary amino acids.

Consumer interest and demand are rising as a result of amino acids' numerous health advantages. It is understandable why athletes, bodybuilders, and fitness fanatics adore them because they are crucial for muscle development, regeneration, and maintenance. Leucine, valine, and isoleucine are among the most prized branch-chain amino acids (BCAAs) for building muscle protein.

MARKET DYNAMICS

KEY DRIVERS:  

  • Increasing consumer demand for dietary supplements:

  • Growing knowledge of the advantages of amino acids for health

Amino acids are included in many functional foods and drinks, which are frequently advertised for their health advantages. The availability of amino acid supplements is expanding, and they are frequently touted for their potential to enhance health. Only 25% of respondents were aware of the advantages amino acids have for health. This number had climbed to 50% by 2022. More than 75% of individuals will reportedly be aware of amino acids' positive effects on health by 2025.

RESTRAIN:

  • Strict labeling and regulatory restrictions.

  • Changing the flavor of food items.

A developing trend in the food business is the use of amino acids to alter the flavor of food products. Foods that are tasty and healthy are in demand as people grow more health-conscious. According to research from the University of Toronto, arginine upped the perceived meatiness of vegetarian burgers by 20%.

OPPORTUNITY: 

  • Increasing consumer demand for nutrient-dense functional meals.

  • Individualized diet and health are receiving more attention.

Individualized nutrition and health are getting increased attention for a variety of reasons. People's growing awareness of the significance of diet for their general health is one factor. Another factor is that technological advancements are making it simpler to gather and analyze personal data that can be used to develop customized diets and healthcare regimens. According to a poll conducted in 2022 by the International Food Information Council Foundation, 70% of Americans think their diet is individualized to meet their requirements. From 2022, 63% of Americans are interested in custom nutrition regimens.

CHALLENGES:

  • Preserving the flavor and consistency of food after adding amino acids.

  • Balancing affordability and manufacturing expenses.

Use of environmentally friendly production techniques A 2021 World Economic Forum research found that employing sustainable manufacturing techniques can cut manufacturing costs by up to 20%. For instance, utilizing recycled materials may save material prices by up to 10%, while using renewable energy sources can cut energy expenses by up to 15%. Effective manufacturing techniques A McKinsey Global Institute research from 2022 claims that effective production techniques may save manufacturing costs by up to 30%. Lean manufacturing approaches, for instance, may cut waste by up to 20% while reducing labor costs by up to 25%.

IMPACT OF RUSSIAN-UKRAINE WAR

The Russian-Ukrainian war had a considerable influence on the market for food amino acids, both in terms of supply and demand. Cost increases because Russia and Ukraine are major producers of food amino acids, and as a result of the conflict, their costs have increased. For instance, the price of lysine has increased by 20% since the dispute started. Because of the war's interruption of exports from Russia and Ukraine, food amino acids are now less easily accessible. For instance, since the start of the war, exports of methionine, which is manufactured in significant amounts in Ukraine, have decreased by 50%.

The war has also increased the demand for dietary amino acids as individuals look for ways to improve their diets and fortify their immune systems. For instance, sales of protein powders have increased by 10% since the crisis began. The Russian-Ukrainian war is expected to have a detrimental effect on the market for food amino acids soon. The war's long-term impact will depend on a number of factors, including how long it lasts, how much the supply chain is disrupted, and how it affects consumer demand.

IMPACT OF ONGOING RECESSION

The present recession may have an impact on the market for food amino acids, possibly leading to a fall in demand as individuals prioritize essential requirements over luxury products. Due to economic considerations, manufacturers may also search for less expensive components, which might affect the amount of amino acids used in food products.

The market for food amino acids is predicted to expand between 2-3% less than anticipated due to the current recession. Food amino acids are projected to become more expensive as a result of increased raw material prices and declining production capacity. For instance, lysine, a crucial dietary amino acid, has seen a 15% price increase in the last year.

The demand for dietary amino acids is predicted to fall by 5–10% as a result of the recession. The price of food amino acids is expected to increase by 10% to 15% as a result of the recession. Consumers are expected to spend less on luxuries like food and amino acids as they prioritize more important purchases. For instance, shoppers are expected to cut down on their discretionary spending by 10% on average in 2023, according to data from the National Retail Federation.

KEY MARKET SEGMENTS

By Application

  • Nutraceuticals & dietary supplements

  • Infant formula

  • Food fortification

  • Convenience food

  • Others

By Type

  • Glutamic acid

  • Lysine

  • Tryptophan

  • Methionine

  • Phenylalanine

  • Others

 By Source

  • Plant

  • Animal

  • Synthetic

Food Amino Acids Market Segmentation Analysis

REGIONAL ANALYSIS

North America continues to be the world's largest market for food amino acids, with a market share of 35% in 2022. The demand for functional foods and beverages is growing in North America, and consumer knowledge of the beneficial benefits of amino acids on health is also rising.

Asia Pacific constitute the second-largest market for food amino acids in 2022, with a share of 25%. Due to rising disposable incomes, a rise in the demand for convenience foods, and increased awareness of the benefits of amino acids for health, the market in Asia Pacific is growing.

Europe is the third-largest market for amino acids used in food in 2022, with a market share of 20%. The demand for functional foods and beverages is growing in Europe, and people are becoming more aware of the benefits of amino acids for their health.

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:

Some major key players in the Food Amino Acids Market are Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Co., Ltd. (Japan), Sigma-Aldrich, Co. LLC. (US), Prinova Group LLC. (US), Daesang Corporation (Korea), CJ Cheiljedang Corp., Wacker Chemie AG, IRIS Biotech GmBH, Evonik Industries AG, and other players.

Ajinomoto Co. Inc. (Japan)-Company Financial Analysis

RECENT DEVELOPMENT

  • On March 8, 2023, Ajinomoto Corporation announced that it has reached a deal with DuPont to work together to develop and market innovative culinary items based on amino acids.

  • On February 25, 2023, Kyowa Hakko Kirin said that it has created a new technique for creating threonine, a crucial dietary amino acid.

Food Amino Acids Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 25.21 Billion
Market Size by 2030  US$ 47.01 Billion
CAGR   CAGR of 8.1 % 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 Application (Nutraceutical & Dietary Supplements, Infant Formula, Food Fortification, Convenience Foods)
• By Type (Glutamic Acid, Lysine, Tryptophan, Methionine)
• By Source (Plant, Animal, Synthetic)
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 Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Co., Ltd. (Japan), Sigma-Aldrich, Co. LLC. (US), Prinova Group LLC. (US), Daesang Corporation (Korea), CJ Cheiljedang Corp., Wacker Chemie AG, IRIS Biotech GmBH, Evonik Industries AG
Key Drivers • Increasing consumer demand for dietary supplements:
• Growing knowledge of the advantages of amino acids for health
Market Opportunity • Increasing consumer demand for nutrient-dense functional meals.
• Individualized diet and health are receiving more attention.

 

Frequently Asked Questions

Ans:  The Food Amino Acids Market is expected to grow at a CAGR of 8.1%.

Ans: The Food Amino Acids Market size was USD $25.21 billion in 2022 and is expected to Reach USD 47.01 billion by 2030.

Ans: Growing Interest in Functional Foods is growing the demand for the market.

Ans: Threats from Other Ingredients may restrict the market growth.

Ans: North America region is dominating the market.

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 Ukraine- Russia 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. Food Amino Acids Market Segmentation, By Application
8.1 Nutraceuticals & dietary supplements
8.2 Infant formula
8.3 Food fortification
8.4 Convenience food
8.5 Others

9. Food Amino Acids Market Segmentation, By Type
9.1 Glutamic acid
9.2 Lysine
9.3 Tryptophan
9.4 Methionine
9.5 Phenylalanine
9.6 Others

10. Food Amino Acids Market Segmentation, By Source
10.1 Plant
10.2 Animal
10.3 Synthetic

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

12. Company profile
12.1 Ajinomoto Co. Inc. (Japan)
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 Kyowa Hakko Kirin Co. Ltd. (Japan)
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 Sigma-Aldrich
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 Co. LLC. (US)
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 Prinova Group LLC. (US)
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 Daesang Corporation (Korea)
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 CJ Cheiljedang Corp.
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 Wacker Chemie AG
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 IRIS Biotech GmBH
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 Evonik Industries AG
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