The Waxy Maize Starch Market size was USD 3.59 billion in 2022 and is expected to Reach USD 5.59 billion by 2030 and grow at a CAGR of 5.7% over the forecast period of 2023-2030.
Waxy maize starch, commonly known as waxy corn starch, is a starch that is fully composed of amylopectin. Amylopectin is a complex carbohydrate that is easier to digest than amylose, the other form of maize starch. Waxy maize starch is a white, odorless powder that is water-insoluble. It has a wide range of food and industrial applications.
Waxy maize starch is a versatile component with numerous food and industrial applications. It offers a lot of advantages, including easy digestion, neutral flavor and odor, water solubility, heat and moisture resistance, and inexpensive cost.
Based on nature, the conventional segment held a major value share of approximately 73.5% in 2022. The market is projected to grow at a CAGR of 5.8% in the forecast period. The food & beverage industry is evolving at a rapid pace, which is a direct consequence of the growing consumer demand for label-friendly finished products.
KEY DRIVERS
Rising demand in the food industry
Waxy maize starch is a multipurpose component found in a wide range of food applications. It is used in sauces and soups to thicken them, as a binding agent in baked goods, and as a texturizer in confectionary and processed foods. Demand for waxy maize starch is being driven by rising demand for various food products. Waxy maize starch is a gluten-free, low-calorie, and fat-free component. It is also high in complex carbs. Consumer demand for waxy maize starch is increasing as people become more aware of its health benefits.
RESTRAIN
Stringent government regulations
Stringent government regulations may result in higher production costs for waxy maize starch companies. This is due to the fact that producers must comply with these regulations, which may necessitate the purchase of new equipment and processes. The Food and Drug Administration (FDA) in the United States has rigorous restrictions regarding the use of food additives. Because waxy maize starch is classed as a food additive, it must be approved by the FDA. This may cause the introduction of new waxy maize starch products in the United States to be delayed. The European Union requires waxy maize starch to be labeled as a "modified starch." This may discourage consumers from purchasing items containing waxy maize starch.
OPPORTUNITY
The growing popularity of gluten-free diets
Waxy maize starch is a gluten-free component that can be used in various food products to substitute wheat starch. As a result, it is a helpful element for gluten-free diets. Waxy maize starch is being employed in a variety of novel and inventive culinary products, including gluten-free bread and pasta, low-carb sauces and dressings, and vegan meat replacements. Some people suffer from celiac disease, an autoimmune illness caused by gluten. Others suffer from gluten sensitivity, a disorder that causes bloating, gas, and diarrhea after consuming gluten. Others select gluten-free diets for a variety of reasons, including personal choice or the assumption that gluten-free diets are healthier. The increased popularity of gluten-free diets is driving up demand for waxy products.
CHALLENGES
Fluctuating prices of corn
Corn is the primary raw material utilized in the production of waxy maize starch. Corn price fluctuations can have an impact on the profitability of waxy maize starch manufacturers. For example, if corn prices skyrocket, waxy maize starch companies will have to pay more for their raw materials, perhaps resulting in decreased profits. Corn prices will have risen by more than 15% by 2021. This resulted in greater manufacturing costs for waxy maize starch companies, squeezing their earnings.
Russia and Ukraine are important suppliers of waxy maize starch, and the war has hampered production and exports. Russia and Ukraine generated 15.5 and 19.5 million metric tons of maize, respectively, by 2022. Russia and Ukraine will export 14.66% and 10% of global waxy maize starch exports in 2022, respectively. The Food and Agriculture Organization of the United Nations (FAO) predicts that global waxy maize starch production will fall by 1% in 2022, owing mostly to the conflict in Ukraine. Waxy maize starch manufacturers face a number of issues, including less availability, higher prices, and greater production costs. Consumers are also confronting issues, such as rising living costs and less discretionary income.
Ukraine and Russia contribute to less than 5% of world maize production, while Ukraine accounts for the lion's share. Due to low domestic consumption, the majority of their output is exported; Ukraine is the third-highest supplier of maize to global markets. The disruption in the supply of maize led to an increase in price of maize. The Asia Pacific maize starch market fell precipitously in the third quarter of 2022 due to dropping feedstock corn prices and rising recessionary speculation. By the conclusion of the third quarter, the FOB Shanghai price of corn starch had fallen by 9.1% to USD 465/MT.
By Type
Native
Modified
By Nature
Organic
Conventional
By End-use
Food Industry
Infant Nutrition
Soups, Sauces, and Dressings
Bakery & Confectionery
Dairy Products and Frozen Desserts
Other
Foodservice
Non-food Applications
.png)
Asia Pacific is the major regional market, accounting for 50% of worldwide revenue. The region is predicted to grow significantly due to increased product demand from key industries such as food and beverage, pharmaceuticals, detergents, and personal care. Over the forecast period, rising disposable income in emerging economies such as India and China is predicted to support the market growth.
North America region is expected to grow at a CAGR of 5.9% in 2022. The increased development of starches with distinct qualities is likely to increase market value in the region. Waxy maize starches are becoming more widely used in a variety of end-use industries, including food and beverage, cosmetics, and personal care products. Consumer awareness of the health benefits of waxy maize starches is also driving the demand.
Europe had an enormous market share in 2022. The rising demand for fresh meals that are ready to eat (RTE) is anticipated to drive market growth. The increasing health concerns of waxy maize starches in the food industry and industrial sector is anticipated to drive the demand. The Middle East & Africa market is anticipated to grow at a CAGR of 4.2% in the upcoming years.
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
Some major key players in the Waxy Maize Starch Market are Cargill, Ingredion, Penford, Archer Daniels Midland (ADM), Tate & Lyle, Visco Starch, Roquette, Gulshan Polyols Ltd., Western Polymer Corporation, Grain Processing Corporation (GPC), AkzoNobel, Venus Starch Suppliers, Agrana Beteiligungs-AG, Spac Starch Products Ltd., and other key players.
In 2022, Tate & Lyle announced the launch of a new customer innovation and collaboration center in Santiago, Chile for better consumer service and reach. Tate & Lyle is a leading global manufacturer of food & beverage ingredients and solutions.
In 2022, AGRANA built a huge solar system at its potato starch mill in Waldviertel, Gmund, under a contracting basis with RWA Solar Solutions. This installation is ready now and has 890 photovoltaic modules covering 1650 m2 that have been put on the potato starch factory’s roof and will produce 338,000 KWh annually.
| Report Attributes | Details |
| Market Size in 2022 | US$ 3.59 Billion |
| Market Size by 2030 | US$ 5.59 Billion |
| CAGR | CAGR of 5.7 % 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 Type (Native, Modified) • By Nature (Organic, Conventional) • By End-use (Food Industry, Foodservice, Non-food Applications) |
| 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 | Cargill, Ingredion, Penford, Archer Daniels Midland (ADM), Tate & Lyle, Visco Starch, Roquette, Gulshan Polyols Ltd., Western Polymer Corporation, Grain Processing Corporation (GPC), AkzoNobel, Venus Starch Suppliers, Agrana Beteiligungs-AG, Spac Starch Products Ltd. |
| Key Drivers | • Rising demand in the food industry |
| Market Opportunity | • The growing popularity of gluten-free diets |
Ans: Waxy Maize Starch Market is anticipated to expand by 5.7% from 2023 to 2030.
Ans: Waxy Maize Starch Market size was valued at USD 3.59 billion in 2022
Ans: USD 5.59 billion is expected to grow by 2030.
Ans: The growing popularity of gluten-free diets are an opportunity for the Waxy Maize Starch Market.
Ans: Fluctuations in prices of corn are the challenges of the Waxy Maize Starch 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 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. Waxy Maize Starch Market Segmentation, By Type
8.1 Native
8.2 Modified
9. Waxy Maize Starch Market Segmentation, By Nature
9.1 Organic
9.2 Conventional
10. Waxy Maize Starch Market Segmentation, By Application
10.1 Food Industry
10.1.1 Infant Nutrition
10.1.2 Soups, Sauces, and Dressings
10.1.3 Bakery & Confectionery
10.1.4 Dairy Products and Frozen Desserts
10.1.5 Other
10.2 Foodservice
10.3 Food Applications
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Waxy Maize Starch Market by Country
11.2.2 North America Waxy Maize Starch Market by Type
11.2.3 North America Waxy Maize Starch Market by Nature
11.2.4 North America Waxy Maize Starch Market by Application
11.2.5 USA
11.2.5.1 USA Waxy Maize Starch Market by Type
11.2.5.2 USA Waxy Maize Starch Market by Nature
11.2.5.3 USA Waxy Maize Starch Market by Application
11.2.6 Canada
11.2.6.1 Canada Waxy Maize Starch Market by Type
11.2.6.2 Canada Waxy Maize Starch Market by Nature
11.2.6.3 Canada Waxy Maize Starch Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Waxy Maize Starch Market by Type
11.2.7.2 Mexico Waxy Maize Starch Market by Nature
11.2.7.3 Mexico Waxy Maize Starch Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Waxy Maize Starch Market by Country
11.3.1.2 Eastern Europe Waxy Maize Starch Market by Type
11.3.1.3 Eastern Europe Waxy Maize Starch Market by Nature
11.3.1.4 Eastern Europe Waxy Maize Starch Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Waxy Maize Starch Market by Type
11.3.1.5.2 Poland Waxy Maize Starch Market by Nature
11.3.1.5.3 Poland Waxy Maize Starch Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Waxy Maize Starch Market by Type
11.3.1.6.2 Romania Waxy Maize Starch Market by Nature
11.3.1.6.4 Romania Waxy Maize Starch Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Waxy Maize Starch Market by Type
11.3.1.7.2 Turkey Waxy Maize Starch Market by Nature
11.3.1.7.3 Turkey Waxy Maize Starch Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Waxy Maize Starch Market by Type
11.3.1.8.2 Rest of Eastern Europe Waxy Maize Starch Market by Nature
11.3.1.8.3 Rest of Eastern Europe Waxy Maize Starch Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Waxy Maize Starch Market by Type
11.3.2.2 Western Europe Waxy Maize Starch Market by Nature
11.3.2.3 Western Europe Waxy Maize Starch Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Waxy Maize Starch Market by Type
11.3.2.4.2 Germany Waxy Maize Starch Market by Nature
11.3.2.4.3 Germany Waxy Maize Starch Market by Application
11.3.2.5 France
11.3.2.5.1 France Waxy Maize Starch Market by Type
11.3.2.5.2 France Waxy Maize Starch Market by Nature
11.3.2.5.3 France Waxy Maize Starch Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Waxy Maize Starch Market by Type
11.3.2.6.2 UK Waxy Maize Starch Market by Nature
11.3.2.6.3 UK Waxy Maize Starch Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Waxy Maize Starch Market by Type
11.3.2.7.2 Italy Waxy Maize Starch Market by Nature
11.3.2.7.3 Italy Waxy Maize Starch Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Waxy Maize Starch Market by Type
11.3.2.8.2 Spain Waxy Maize Starch Market by Nature
11.3.2.8.3 Spain Waxy Maize Starch Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Waxy Maize Starch Market by Type
11.3.2.9.2 Netherlands Waxy Maize Starch Market by Nature
11.3.2.9.3 Netherlands Waxy Maize Starch Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Waxy Maize Starch Market by Type
11.3.2.10.2 Switzerland Waxy Maize Starch Market by Nature
11.3.2.10.3 Switzerland Waxy Maize Starch Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Waxy Maize Starch Market by Type
11.3.2.11.3 Austria Waxy Maize Starch Market by Nature
11.3.2.11.4 Austria Waxy Maize Starch Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Waxy Maize Starch Market by Type
11.3.2.12.2 Rest of Western Europe Waxy Maize Starch Market by Nature
11.3.2.12.3 Rest of Western Europe Waxy Maize Starch Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Waxy Maize Starch Market by Country
11.4.2 Asia-Pacific Waxy Maize Starch Market by Type
11.4.3 Asia-Pacific Waxy Maize Starch Market by Nature
11.4.4 Asia-Pacific Waxy Maize Starch Market by Application
11.4.5 China
11.4.5.1 China Waxy Maize Starch Market by Type
11.4.5.2 China Waxy Maize Starch Market by Application
11.4.5.3 China Waxy Maize Starch Market by Nature
11.4.6 India
11.4.6.1 India Waxy Maize Starch Market by Type
11.4.6.2 India Waxy Maize Starch Market by Nature
11.4.6.3 India Waxy Maize Starch Market by Application
11.4.7 Japan
11.4.7.1 Japan Waxy Maize Starch Market by Type
11.4.7.2 Japan Waxy Maize Starch Market by Nature
11.4.7.3 Japan Waxy Maize Starch Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Waxy Maize Starch Market by Type
11.4.8.2 South Korea Waxy Maize Starch Market by Nature
11.4.8.3 South Korea Waxy Maize Starch Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Waxy Maize Starch Market by Type
11.4.9.2 Vietnam Waxy Maize Starch Market by Nature
11.4.9.3 Vietnam Waxy Maize Starch Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Waxy Maize Starch Market by Type
11.4.10.2 Singapore Waxy Maize Starch Market by Nature
11.4.10.3 Singapore Waxy Maize Starch Market by Application
11.4.11 Australia
11.4.11.1 Australia Waxy Maize Starch Market by Type
11.4.11.2 Australia Waxy Maize Starch Market by Nature
11.4.11.3 Australia Waxy Maize Starch Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Waxy Maize Starch Market by Type
11.4.12.2 Rest of Asia-Pacific Waxy Maize Starch Market by Nature
11.4.12.3 Rest of Asia-Pacific Waxy Maize Starch Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Waxy Maize Starch Market by Country
11.5.1.2 Middle East Waxy Maize Starch Market by Type
11.5.1.3 Middle East Waxy Maize Starch Market by Nature
11.5.1.4 Middle East Waxy Maize Starch Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Waxy Maize Starch Market by Type
11.5.1.5.2 UAE Waxy Maize Starch Market by Nature
11.5.1.5.3 UAE Waxy Maize Starch Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Waxy Maize Starch Market by Type
11.5.1.6.2 Egypt Waxy Maize Starch Market by Nature
11.5.1.6.3 Egypt Waxy Maize Starch Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Waxy Maize Starch Market by Type
11.5.1.7.2 Saudi Arabia Waxy Maize Starch Market by Nature
11.5.1.7.3 Saudi Arabia Waxy Maize Starch Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Waxy Maize Starch Market by Type
11.5.1.8.2 Qatar Waxy Maize Starch Market by Nature
11.5.1.8.3 Qatar Waxy Maize Starch Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Waxy Maize Starch Market by Type
11.5.1.9.2 Rest of Middle East Waxy Maize Starch Market by Nature
11.5.1.9.3 Rest of Middle East Waxy Maize Starch Market by Application
11.5.2 Africa
11.5.2.1 Africa Transfusion Diagnostics Market by Country
11.5.2.2 Africa Waxy Maize Starch Market by Type
11.5.2.3 Africa Waxy Maize Starch Market by Nature
11.5.2.4 Africa Waxy Maize Starch Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Waxy Maize Starch Market by Type
11.5.2.5.2 Nigeria Waxy Maize Starch Market by Nature
11.5.2.5.3 Nigeria Waxy Maize Starch Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Waxy Maize Starch Market by Type
11.5.2.6.2 South Africa Waxy Maize Starch Market by Nature
11.5.2.6.3 South Africa Waxy Maize Starch Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Waxy Maize Starch Market by Type
11.5.2.7.2 Rest of Africa Waxy Maize Starch Market by Nature
11.5.2.7.3 Rest of Africa Waxy Maize Starch Market by Application
11.6 Latin America
11.6.1 Latin America Waxy Maize Starch Market by Country
11.6.2 Latin America Waxy Maize Starch Market by Type
11.6.3 Latin America Waxy Maize Starch Market by Nature
11.6.4 Latin America Waxy Maize Starch Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Waxy Maize Starch Market by Type
11.6.5.2 Brazil Waxy Maize Starch Market by Nature
11.6.5.3 Brazil Waxy Maize Starch Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Waxy Maize Starch Market by Type
11.6.6.2 Argentina Waxy Maize Starch Market by Nature
11.6.6.3 Argentina Waxy Maize Starch Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Waxy Maize Starch Market by Type
11.6.7.2 Colombia Waxy Maize Starch Market by Nature
11.6.7.3 Colombia Waxy Maize Starch Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Waxy Maize Starch Market by Type
11.6.8.2 Rest of Latin America Waxy Maize Starch Market by Nature
11.6.8.3 Rest of Latin America Waxy Maize Starch Market by Application
12.Company profile
12.1 Cargill
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 Ingredion
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 Archer Daniels Midland (ADM)
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 Penford
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 Tate & Lyle
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 Visco Starch
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 Roquette
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 Gulshan Polyols Ltd.
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 Western Polymer Corporation
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 Grain Processing Corporation (GPC)
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
12.11 AkzoNobel
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
12.12 Venus Starch Suppliers
12.12.1 Company Overview
12.12.2 Financials
12.12.3 Product/Services Offered
12.12.4 SWOT Analysis
12.12.5 The SNS View
12.13 Agrana Beteiligungs-AG
12.13.1 Company Overview
12.13.2 Financials
12.13.3 Product/Services Offered
12.13.4 SWOT Analysis
12.13.5 The SNS View
12.14 Spac Starch Products Ltd.
12.14.1 Company Overview
12.14.2 Financials
12.14.3 Product/Services Offered
12.14.4 SWOT Analysis
12.14.5 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.
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.
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.
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.
The Tequila Market size was USD 9.89 billion in 2022 and is expected to Reach USD 15.4 billion by 2030 and grow at a CAGR of 5.7 % over the forecast period of 2023-2030.
The Spring Water Market size was USD 223.9 billion in 2022 and is expected to Reach USD 420.6 billion by 2030 and grow at a CAGR of 8.2% over the forecast period of 2023-2030.
The Non-Alcoholic RTD Beverages Market size was USD 701.56 billion in 2022 and is expected to Reach USD 1076.6 billion by 2030 and grow at a CAGR of 5.5 % over the forecast period of 2023-2030.
Food Preservatives Market Report Scope & Overview: Food Preservatives Market is expected to grow
Canned Meat Market Report Scope & Overview: Canned Meat Market Size was esteemed
Energy Drinks Market Size was valued at USD 82.26 billion in 2022 and is expected to reach USD 165.11 billion by 2030 and grow at a CAGR of 9.1% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
