The global insect feed market was valued at $261.5 million in 2021, and is projected to reach $2182 million by 2031, registering a CAGR of 24.5%. The insect feed industry is currently driven by increasing demand for food, growing population, rising urbanization, and growth of the food service sector. Furthermore, increasing demand for organically grown livestock will propel the demand for insect feed market. Insect feed are rich in calcium, amino acid, lysine, and methionine. North America market is estimated to witness steady growth owing to the presence of major market players.
According to Food and Agriculture Organization (FAO), edible insects offer huge potential for enhancing food security. The insect-based diet will produce healthy and stronger livestock. The insect feed can replace around 25 to 100% of fishmeal and soymeal in animals diet with no adverse effects. Also, the consumption of insect feed increase the body weight and yield. Edible insects through a combination of their high and varying nutritional content and ease in availability offers unique feed option.
The shift in pet ownership to parenting has been a very crucial and defining trend in the pet food market, especially in the developed countries. One third of the households in developed countries own a pet. Traditionally, pet owners fed their pet leftovers and scraps from family meals. However, pet owners are getting aware of pet food and supplements, which are manufactured with the focus to improve health of these animals. In addition, there has been a rise in adoption of pets and, owing to various benefits associated with them, such as increase in opportunities to exercise and decline in stress. American Veterinary Medical Foundation (AVMF) study shows that nine out of ten Americans, who own pets, consider them as a part of their families. According to the 2018 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), 68% of households in the U. S. owned a pet. The expenditure on pets in the country increased from 41.2% in 2007 to 69.4% in 2018, out of which the money spent on pet food occupied over 40 to 45%. Collectively, it shows that increasing pet humanization is expected to increase the demand for insect feed during the forecast period.
The increasing demand for meat products will also derive the demand for insect feed among livestock. The livestock industry has undergone major structural changes during past two decades owing to the introduction of modern intensive production methods, improves preventive disease control, genetic improvements, increasing human population and disposable income, and urbanization. These collaboratively offers tremendous opportunity for poultry growers to improve their income. Apart from that, high demand for food security, traceability, and compliance owing to the strict food policies are likely to support the growth of livestock feed market which in turn will propel the demand for insect feed market.
However, allergic reactions among pets are likely to hamper the market growth. The demand for organic feed among growers will create an opportunity among insect feed manufacturers.
The global insect feed market is segmented into product type, end user, end use, and region. On the basis of product type, the market is categorized into meal worms, fly larvae, silkworm, cicadas, and others. By end user, it is fragmented into residential and commercial. Depending on end use, it is segregated into pet food, aquaculture, and livestock. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The key market players included in the insect feeds market analysis are AgriProtein Holdings Ltd, Buhler AG, Protix, Enterra Feed, entofood, enviroflight, Nasekomo, InnovaFEED, Hexafly, Coppens, DeliBugs, Kreca Ento-Feed BV, Ynsect, Nusect, Protenga, Beta Hatch, and Entobel.
According to Food and Agriculture Organization (FAO), edible insects offer huge potential for enhancing food security. The insect-based diet will produce healthy and stronger livestock. The insect feed can replace around 25 to 100% of fishmeal and soymeal in animals diet with no adverse effects. Also, the consumption of insect feed increase the body weight and yield. Edible insects through a combination of their high and varying nutritional content and ease in availability offers unique feed option.
The shift in pet ownership to parenting has been a very crucial and defining trend in the pet food market, especially in the developed countries. One third of the households in developed countries own a pet. Traditionally, pet owners fed their pet leftovers and scraps from family meals. However, pet owners are getting aware of pet food and supplements, which are manufactured with the focus to improve health of these animals. In addition, there has been a rise in adoption of pets and, owing to various benefits associated with them, such as increase in opportunities to exercise and decline in stress. American Veterinary Medical Foundation (AVMF) study shows that nine out of ten Americans, who own pets, consider them as a part of their families. According to the 2018 National Pet Owners Survey, conducted by the American Pet Products Association (APPA), 68% of households in the U. S. owned a pet. The expenditure on pets in the country increased from 41.2% in 2007 to 69.4% in 2018, out of which the money spent on pet food occupied over 40 to 45%. Collectively, it shows that increasing pet humanization is expected to increase the demand for insect feed during the forecast period.
The increasing demand for meat products will also derive the demand for insect feed among livestock. The livestock industry has undergone major structural changes during past two decades owing to the introduction of modern intensive production methods, improves preventive disease control, genetic improvements, increasing human population and disposable income, and urbanization. These collaboratively offers tremendous opportunity for poultry growers to improve their income. Apart from that, high demand for food security, traceability, and compliance owing to the strict food policies are likely to support the growth of livestock feed market which in turn will propel the demand for insect feed market.
However, allergic reactions among pets are likely to hamper the market growth. The demand for organic feed among growers will create an opportunity among insect feed manufacturers.
The global insect feed market is segmented into product type, end user, end use, and region. On the basis of product type, the market is categorized into meal worms, fly larvae, silkworm, cicadas, and others. By end user, it is fragmented into residential and commercial. Depending on end use, it is segregated into pet food, aquaculture, and livestock. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
The key market players included in the insect feeds market analysis are AgriProtein Holdings Ltd, Buhler AG, Protix, Enterra Feed, entofood, enviroflight, Nasekomo, InnovaFEED, Hexafly, Coppens, DeliBugs, Kreca Ento-Feed BV, Ynsect, Nusect, Protenga, Beta Hatch, and Entobel.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the insect feed market analysis from 2021 to 2031 to identify the prevailing insect feed market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the insect feed market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global insect feed market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Meal Worms
- Fly Larvae
- Silkworm
- Cicadas
- Other
By End Use
- Pet Food
- Aquaculture
- Livestock
By End User
- Residential
- Commerical
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Russia
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- New Zealand
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest Of LAMEA
Key Market Players
- Nutrition Technologies
- JR Unique Foods Ltd.
- protix
- senterra corporation
- Endofood Sdn Bhd
- EnviroFlight
- Nasekomo
- innovafeed
- Hexafly
- Alltech Coppens
- DeliBugs
- Kreca Ento-Feed BV
- YNSECT
- Nusect
- Protenga
- Beta Hatch
- Entobel
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: INSECT FEED MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Meal Worms
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Fly Larvae
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Silkworm
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Cicadas
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Other
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: INSECT FEED MARKET, BY END USE
5.1 Overview
5.1.1 Market size and forecast
5.2 Pet Food
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Aquaculture
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Livestock
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: INSECT FEED MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Commerical
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: INSECT FEED MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by End Use
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by End Use
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by End Use
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by End Use
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by End Use
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by End Use
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 UK
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by End Use
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 Italy
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by End Use
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 France
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by End Use
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by End Use
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Russia
7.3.5.6.1 Market size and forecast, by Product Type
7.3.5.6.2 Market size and forecast, by End Use
7.3.5.6.3 Market size and forecast, by End User
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Product Type
7.3.5.7.2 Market size and forecast, by End Use
7.3.5.7.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by End Use
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by End Use
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by End Use
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by End Use
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by End Use
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by End Use
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Singapore
7.4.5.6.1 Market size and forecast, by Product Type
7.4.5.6.2 Market size and forecast, by End Use
7.4.5.6.3 Market size and forecast, by End User
7.4.5.7 New Zealand
7.4.5.7.1 Market size and forecast, by Product Type
7.4.5.7.2 Market size and forecast, by End Use
7.4.5.7.3 Market size and forecast, by End User
7.4.5.8 Rest of Asia-Pacific
7.4.5.8.1 Market size and forecast, by Product Type
7.4.5.8.2 Market size and forecast, by End Use
7.4.5.8.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by End Use
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by End Use
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Argentina
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by End Use
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by End Use
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Saudi Arabia
7.5.5.4.1 Market size and forecast, by Product Type
7.5.5.4.2 Market size and forecast, by End Use
7.5.5.4.3 Market size and forecast, by End User
7.5.5.5 United Arab Emirates
7.5.5.5.1 Market size and forecast, by Product Type
7.5.5.5.2 Market size and forecast, by End Use
7.5.5.5.3 Market size and forecast, by End User
7.5.5.6 Rest of LAMEA
7.5.5.6.1 Market size and forecast, by Product Type
7.5.5.6.2 Market size and forecast, by End Use
7.5.5.6.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Nutrition Technologies
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 JR Unique Foods Ltd.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 protix
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 senterra corporation
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Endofood Sdn Bhd
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 EnviroFlight
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Nasekomo
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 innovafeed
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Hexafly
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Alltech Coppens
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 DeliBugs
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Kreca Ento-Feed BV
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 YNSECT
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Nusect
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
9.15 Protenga
9.15.1 Company overview
9.15.2 Company snapshot
9.15.3 Operating business segments
9.15.4 Product portfolio
9.15.5 Business performance
9.15.6 Key strategic moves and developments
9.16 Beta Hatch
9.16.1 Company overview
9.16.2 Company snapshot
9.16.3 Operating business segments
9.16.4 Product portfolio
9.16.5 Business performance
9.16.6 Key strategic moves and developments
9.17 Entobel
9.17.1 Company overview
9.17.2 Company snapshot
9.17.3 Operating business segments
9.17.4 Product portfolio
9.17.5 Business performance
9.17.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Insect Feed Market,' the Insect Feed Market Size was valued at $261.50 million in 2021, and is estimated to reach $2.2 billion by 2031, growing at a CAGR of 24.5% from 2022 to 2031.Insect offers high-quality protein, amino acids, and vitamins for livestock as well as pet food. Insect based diet for livestock can potentially replace soymeal in their diet. The nutritious quality of fly larvae, meal worms, silkworm, locusts, among others are used in the diets of pigs, poultry, aquaculture, and ruminants. These insects offer 42%-63% higher protein content compared to traditional resources such as soymeal and fishmeal. Also, the palatability of insect feeds is higher and can replace 25 to 100% of soymeal and fishmeal depending on the animal for which it is being used.
The increasing Insect Feed Market Demand for poultry products from the food service industry majorly drives the Insect Feed Market Growth. Improvements in breeding techniques for the development of environmentally low-impacting livestock, further contribute toward market growth. A healthy gut reflects the sufficient amount of protein is being consumed by the animal. Protein is required for healthy metabolism as well. Protein deficiency reduces productivity among animals. Thus, through the consumption of insect feed protein deficiency can be overcome. This factor will fuel the growth of the insect feed market during the forecast period. Moreover, the identification of insects as a more sustainable source of proteins than traditional sources will further contribute toward the market growth and is likely to bring myraid Insect Feed Market Opportunity.
However, the availability of alternative feed options such as corn meal, soy meal, canola meal, whey meal limits the growth of the insect feed market. Also, poor knowledge associated with risks related to insect toxicity, nutritional quality, diseases, and allergic reactions among animals is likely to hamper the growth of the market.
The global insect feed market is segmented into product type, end user, end use, and region. On the basis of product type, the market is categorized into meal worms, fly larvae, silkworm, cicadas, and others. By end user, it is fragmented into residential and commercial. Depending on end use, it is segregated into pet food, aquaculture, and livestock. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Singapore, New Zealand, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
Key findings of the study
On the basis of product type, meal worms segment dominated the global market in 2021 with a Insect Feed Market Share of more than 32%. However, fly larvae segment is attributed to be the fastest growing segment during the forecast period.On the basis of end use, aquaculture dominated the global market in 2021. However, livestock is likely to be the fastest growing segment with the CAGR of 26.0% during the forecast period.
On the basis of end user, commercial segment dominated the global market in the year 2021 with the market share of more than 79%. However, residential segment are likely to be the fastest growing segment during the forecast period with the CAGR of 26.2%.
Based on category, branded segment dominated the global market with the market share of more than 70% in the year 2021. However, private label segment is likely to be the fastest growing segment during the Insect Feed Market Forecast period with the CAGR of 15.1%.
Region-wise, North America was the highest revenue contributor and is estimated to reach $ 704.8 million by 2031, with a CAGR of 22.3%. However, LATAM is likely to be the fastest growing region during the forecast period.
The players operating in the insect feed industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in Insect Feed Market Analysis are AgriProtein Holdings Ltd, Buhler AG, Protix, Enterra Feed, entofood, enviroflight, Nasekomo, InnovaFEED, Hexafly, Coppens, DeliBugs, Kreca Ento-Feed BV, Ynsect, Nusect, Protenga, Beta Hatch, and Entobel.
Companies Mentioned
- Nutrition Technologies
- Jr Unique Foods Ltd.
- Protix
- Senterra Corporation
- Endofood Sdn Bhd
- Enviroflight
- Nasekomo
- Innovafeed
- Hexafly
- Alltech Coppens
- Delibugs
- Kreca Ento-Feed Bv
- Ynsect
- Nusect
- Protenga
- Beta Hatch
- Entobel
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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