Global Pork Market is expected to be US$ 418.37 Billion by 2028, according to the publisher. Pork is the most widely and popular consumed meat source worldwide. The global swine industries are very dynamic and the primary protein source for millions across numerous cultures. Pork is cheaper than any other meat source, which is a significant factor in its high consumption. A significant middle-class population, growing disposable income, and changing consumer preferences are levitating pork demand. However, the rise in the adoption of veganism and stringent law against the animal cruelty act are the major restraints of the global pork meat market.Worldwide Pork Market was valued US$ 254.53 Billion in 2022
The growth of the pork meat market can be attributed to changes in the food consumption pattern of people worldwide. In addition, the expansion of the retail market and easy availability of the product through various sales channels make it convenient for consumers to purchase packaged pork meat, which drives the sales figures. Worldwide Pork Market was valued US$ 254.53 Billion in 2022.
Some of the Pork Market Trends are
Frozen pork meat is growing manifold due to the rapid increase in consumption of meat.The growth in the online application of pork purchasing can be directly attributed to the surge in the working population and the trend of consuming meals outside homes.
Increasing the popularity of organic pork meat and clean-label products is expected to offer lucrative opportunities for expansion and the growth of the global pork meat market.
Consumers increasingly demand ready-to-eat and ready-to-cook pork meat products with better taste and quality. The increasing awareness about the risks associated with using nitrate for curing purposes in processed meat has enabled manufacturers to replace nitrate with other curing agents, such as celery powder, to achieve the same effect. Such factors register a significant demand for nitrite-free processed meat products such as bacon in European countries.
Household consumption of pork has increased considerably because it is a staple food and has various benefits associated with pork meat, such as its rich source of proteins and vitamins and its luscious taste.
Global Pork Industry is expected to grow with a CAGR of nearly 8.64% from 2022 to 2028
The pig industry continues to thrive in areas with plentiful access to grains and protein sources. Pigs are adaptable to various climatic conditions, as evidenced by a large number of breeds present throughout the world. According to USDA, in 2021, worldwide, over 752 million pigs, increasing from the previous year. In this same period, China was home to the most pig and head. In other meaning, China produced more than half of the global pig population, and Europe and the United States were second and third. Brazil, Canada, Mexico, the Philippines, South Korea, Japan, and Hong Kong was in the top 10 producing countries.Pork consumption is very high in North America, Europe, and developing Asian regions, such as Japan and China. According to the United States Department of Agriculture's National Agricultural report, the most commonly consumed meat in the world is pork and poultry. The factors influencing change are generally related to economic efficiency and competition from alternative protein sources. The global trend is for fewer producers responsible for more significant numbers of pigs and more concentration within the swine industry. The ability to maintain economic viability is a function of providing optimal facilities, genetics, nutrition, and health programs to the pig in a system that addresses the cost of production and generates revenue from the marketing of a high-quality product.
Asia is the leading pork consumer, with more than half of the world's production. Apart from this, South Korea, Taiwan, and Japan are the markets for pork consumption, while Vietnam and the Philippines are emerging markets. Pork meat has been consumed in the East Asian region since ancient times and is the most preferred meat due to its taste and fat content.
The Five biggest imported pork markets are Japan, mainland China, Mexico, Italy, and South Korea. During 2022, Asian countries imported the highest worth of pork, of the world’s total. Europe is also one of the biggest pork importer. Some of import were bought by customers in Latin America excluding Mexico but including the Caribbean, Oceania led by Australia and New Zealand, and Africa.
Asia Pacific is the world's largest exporter of pork, followed by Europe and North America. In contrast, China, the U.S., Canada, Brazil, and European countries are the major pork exporters. In global pork exports, European Union maintained its leadership. The U.S., Canada, and Brazil ranked top five in world pork exports.
The pork meat players have adopted new product launches as their key development strategy to maintain their presence in the pork meat market. Some key players in the report include JBS S.A., Tyson Foods, Pilgrim's pride corporation, Danish crown group, Vion Food Group, WH Groups, Hormel Foods Corporation, and Muyuan Foods.
The report titled “Global Pork Market By Production (China, European Union, United States, Brazil, Russia, Vietnam, Philippines, Canada, South Korea, Mexico, Japan and Others), Consumption (China, European Union, United States, Russia, Brazil, Vietnam, Japan, Mexico, South Korea, United Kingdom, Philippines and Others.), Import (Japan, China, Mexico, United Kingdom, South Korea, United States, Hong Kong, Philippines, Canada, Australia, Vietnam and Other), Export (European Union, United States, Canada, Brazil, United Kingdom, Mexico, China, Chile, Russia, Australia, Singapore and Others) Company (JBS S.A., Tyson Foods, Pilgrim's pride corporation, Danish crown group, Vion Food Group, WH Groups, Hormel Foods Corporation, and Muyuan Foods)” provides a complete analysis of global Pork industry.
Global Pork Producing Countries:
1. China2. European Union
3. United States
4. Brazil
5. Russia
6. Vietnam
7. Philippines
8. Canada
9. South Korea
10. Mexico
11. Japan
12. Others
Global Pork Consuming Countries
1. China2. European Union
3. United States
4. Russia
5. Brazil
6. Vietnam
7. Japan
8. Mexico
9. South Korea
10. United Kingdom
11. Philippines
12. Others
Global Pork Importing Countries
1. Japan2. China
3. Mexico
4. United Kingdom
5. South Korea
6. United States
7. Hong Kong
8. Philippines
9. Canada
10. Australia
11. Vietnam
12. Other
Global Pork Exporting Countries
1. European Union2. United States
3. Canada
4. Brazil
5. United Kingdom
6. Mexico
7. China
8. Chile
9. Russia
10. Australia
11. Singapore
12. Others
Company Analysis: All the companies have been studied from three points
- Overview
- Recent Developments
- Sales Analysis
Companies Covered
1. JBS S.A.2. Tyson Foods
3. Pilgrim's pride corporation
4. Danish crown group
5. Vion Food Group
6. WH Groups
7. Hormel Foods Corporation
8. Muyuan Foods
Table of Contents
1. Introduction2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Pork Meat Market
6. Consuming Countries Market share- Global Pork Meat Market
7. Volume Share- Global Pork Meat
7.1 Consuming Countries
7.2 Producing Countries
7.3 Importing Countries
7.4 Exporting Countries
8. Consuming Countries- Global Pork Meat Market and Volume
8.1 China
8.1.1 Market
8.1.2 Volume
8.2 European Union
8.2.1 Market
8.2.2 Volume
8.3 United States
8.3.1 Market
8.3.2 Volume
8.4 Russia
8.4.1 Market
8.4.2 Volume
8.5 Brazil
8.5.1 Market
8.5.2 Volume
8.6 Vietnam
8.6.1 Market
8.6.2 Volume
8.7 Japan
8.7.1 Market
8.7.2 Volume
8.8 Mexico
8.8.1 Market
8.8.2 Volume
8.9 South Korea
8.9.1 Market
8.9.2 Volume
8.10 United Kingdom
8.10.1 Market
8.10.2 Volume
8.11 Philippines
8.11.1 Market
8.11.2 Volume
8.12 Others
8.12.1 Market
8.12.2 Volume
9. Producing Countries- Global Pork Meat Volume
9.1 China
9.2 European Union
9.3 United States
9.4 Brazil
9.5 Russia
9.6 Vietnam
9.7 Philippines
9.8 Canada
9.9 South Korea
9.10 Mexico
9.11 Japan
9.12 Others
10. Importing Countries- Global Pork Meat Volume
10.1 Japan
10.2 China
10.3 Mexico
10.4 United Kingdom
10.5 South Korea
10.6 United States
10.7 Hong Kong
10.8 Philippines
10.9 Canada
10.10 Australia
10.11 Vietnam
10.12 Other
11. Exporting Countries- Global Pork Meat Volume
11.1 European Union
11.2 United States
11.3 Canada
11.4 Brazil
11.5 United Kingdom
11.6 Mexico
11.7 China
11.8 Chile
11.9 Russia
11.10 Australia
11.11 Singapore
11.12 Others
12. Key Players Analysis
12.1 JBS S.A
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Financial Insight
12.2 Tyson Foods
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Financial Insight
12.3 Pilgrim's pride corporation
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Financial Insight
12.4 Danish crown group
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Financial Insight
12.5 Vion Food Group
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Financial Insight
12.6 WH Group
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Financial Insight
12.7 Hormel Foods Corporation
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Financial Insight
12.8 Muyuan Foods
12.8.1 Overview
12.8.2 Recent Development
12.8.3 Financial Insight
List of Figures:
Figure 01: Global - Pork Meat Market (Billion US$), 2018 - 2022
Figure 02: Global - Forecast for Pork Meat Market (Billion US$), 2023 - 2028
Figure 03: China - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 04: China - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 05: China - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 06: China - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 07: European Union - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 08: European Union - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 09: European Union - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 10: European Union - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 11: United States - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 12: United States - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 13: United States - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 14: United States - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 15: Russia - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 16: Russia - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 17: Russia - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 18: Russia - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 19: Brazil - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 20: Brazil - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 21: Brazil - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 22: Brazil - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 23: Vietnam - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 24: Vietnam - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 25: Vietnam - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 26: Vietnam - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 27: Japan - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 28: Japan - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 29: Japan - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 30: Japan - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 31: Mexico - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 32: Mexico - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 33: Mexico - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 34: Mexico - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 35: South Korea - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 36: South Korea - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 37: South Korea - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 38: South Korea - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 39: United Kingdom - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 40: United Kingdom - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 41: United Kingdom - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 42: United Kingdom - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 43: Philippines - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 44: Philippines - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 45: Philippines - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 46: Philippines - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 47: Others - Pork Meat Consumption Market (Billion US$), 2018 - 2022
Figure 48: Others - Forecast for Pork Meat Consumption Market (Billion US$), 2023 - 2028
Figure 49: Others - Pork Meat Consumption Volume (Thousand Metric Ton), 2018 - 2022
Figure 50: Others - Forecast for Pork Meat Consumption Volume (Thousand Metric Ton), 2023 - 2028
Figure 51: China - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 52: China - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 53: European Union - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 54: European Union - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 55: United States - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 56: United States - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 57: Brazil - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 58: Brazil - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 59: Russia - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 60: Russia - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 61: Vietnam - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 62: Vietnam - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 63: Philippines - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 64: Philippines - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 65: Canada - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 66: Canada - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 67: South Korea - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 68: South Korea - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 69: Mexico - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 70: Mexico - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 71: Japan - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 72: Japan - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 73: Others - Pork Meat Production Volume (Thousand Metric Ton), 2018 - 2022
Figure 74: Others - Forecast for Pork Meat Production Volume (Thousand Metric Ton), 2023 - 2028
Figure 75: Japan - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 76: Japan - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 77: China - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 78: China - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 79: Mexico - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 80: Mexico - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 81: United Kingdom - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 82: United Kingdom - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 83: South Korea - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 84: South Korea - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 85: United States - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 86: United States - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 87: Hong Kong - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 88: Hong Kong - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 89: Philippines - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 90: Philippines - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 91: Canada - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 92: Canada - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 93: Australia - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 94: Australia - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 95: Vietnam - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 96: Vietnam - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 97: Other - Pork Meat Import Volume (Thousand Metric Ton), 2018 - 2022
Figure 98: Other - Forecast for Pork Meat Import Volume (Thousand Metric Ton), 2023 - 2028
Figure 99: European Union - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 100: European Union - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 101: United States - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 102: United States - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 103: Canada - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 104: Canada - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 105: Brazil - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 106: Brazil - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 107: United Kingdom - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 108: United Kingdom - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 109: Mexico - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 110: Mexico - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 111: China - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 112: China - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 113: Chile - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 114: Chile - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 115: Russia - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 116: Russia - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 117: Australia - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 118: Australia - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 119: Singapore - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 120: Singapore - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 121: Others - Pork Meat Export Volume (Thousand Metric Ton), 2018 - 2022
Figure 122: Others - Forecast for Pork Meat Export Volume (Thousand Metric Ton), 2023 - 2028
Figure 123: JBS S.A - Global Revenue (Billion US$), 2018 - 2022
Figure 124: JBS S.A - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 125: Tyson Foods - Global Revenue (Billion US$), 2018 - 2022
Figure 126: Tyson Foods - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 127: Pilgrim's pride corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 128: Pilgrim's pride corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 129: Danish crown group - Global Revenue (Billion US$), 2018 - 2022
Figure 130: Danish crown group - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 131: Vion Food Group - Global Revenue (Billion US$), 2018 - 2022
Figure 132: Vion Food Group - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 133: WH Group - Global Revenue (Billion US$), 2018 - 2022
Figure 134: WH Group - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 135: Hormel Foods Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 136: Hormel Foods Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 137: Muyuan Foods - Global Revenue (Billion US$), 2018 - 2022
Figure 138: Muyuan Foods - Forecast for Global Revenue (Billion US$), 2023 - 2028
List of Tables:
Table 1: Global - Pork Market Share by Consuming Countries (Percent), 2018 - 2022
Table 2: Global - Forecast for Pork Market Share by Consuming Countries (Percent), 2023 - 2028
Table 3: Global - Pork Volume Share by Consuming Countries (Percent), 2018 - 2022
Table 4: Global - Forecast for Pork Volume Share by Consuming Countries (Percent), 2023 - 2028
Table 5: Global - Pork Volume Share by Producing Countries (Percent), 2018 - 2022
Table 6: Global - Forecast for Pork Volume Share by Producing Countries (Percent), 2023 - 2028
Table 7: Global - Pork Volume Share by Importing Countries (Percent), 2018 - 2022
Table 8: Global - Forecast for Pork Volume Share by Importing Countries (Percent), 2023 - 2028
Table 9: Global - Pork Volume Share by Exporting Countries (Percent), 2018 - 2022
Table 10: Global - Forecast for Pork Volume Share by Exporting Countries (Percent), 2023 - 2028
Companies Mentioned
- JBS S.A.
- Tyson Foods
- Pilgrim's pride corporation
- Danish crown group
- Vion Food Group
- WH Groups
- Hormel Foods Corporation
- Muyuan Foods
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 325 |
| Published | January 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 254.53 Billion |
| Forecasted Market Value ( USD | $ 418.37 Billion |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
