The chocolate liqueur is meant to provide chocolate flavored liqueur made from a base liqueur of whisky or vodka. It is to be consumed straight as an after-dinner drink and is also mixed in drinks and desserts, especially in desert sauces, cakes, and truffles. Increase in popularity of chocolate-based products in the food & beverage sector continues to influence companies toward increasing the production of chocolate liqueur. Different products are being made from chocolate liqueur. These include chocolate butter chocolate-based creams and other chocolate solids.
The application of chocolate liqueur in drinks has increased particularly among the working population as the time required for the preparation of these drinks is less. Manufacturers across the world are introducing chocolate infused drinks to increase their respective customer base.
The demand for chocolate liqueur has increased drastically in recent years owing to consumer preference for new flavors. However, the production has not increased as per demand; thus, high investment to ramp up production capacities and enhanced R&D to develop chocolate liqueur-based products that appeals the consumer in terms of taste is the primary focus for market players. Consumer preference for new texture, flavor along with taste and health benefits of cocoa is inspiring key market players to develop new products.
The mixing of chocolate liqueur with beetroot in cakes is an example of new consumer trend that attracts the consumer attention toward chocolate liqueur. In addition, inclination of consumers toward premium cocoa-based chocolate liqueur has increased consumption in the U. S., Germany, the UK, and other developed countries. This ultimately led to chocolate companies such as Ferrero to invest in expanding their offerings and incorporating chocolate liqueur in their products.
During the initial stage of the COVID-19 lockdown, there was a negative impact on the chocolate liqueur market, as sales and production facilities of chocolate liqueur products were completely shut down. However, relaxation in the protocols in both import and export of cocoa as well as opening of production facilities has helped the market to stabilize in recent times. The consumption of chocolates at home increased dramatically and the chocolate consumable products were purchased in bulk resulting in higher volume of sales through supermarket, hypermarket, and online sales channel during lockdown.
Europe dominated the global chocolate liqueur market owing to high consumer demand and preference for chocolate liqueur-based confectionery and food products. The demand for chocolate liqueur has also increased as preference of chocolate liqueur as ingredient in various confectionery and beverage products. In addition, increase in demand for premium chocolates has led chocolate manufacturers to expand their product line which includes new flavors such as chocolate liqueur caramel for the premium chocolate consumers. Also, countries such as Germany, Belgium, and The Netherlands, have higher consumption of chocolate liqueur products per person as compared to various countries across the globe. Also, the European countries are major exporters of chocolate across the globe. Moreover, developing economies such as China, India, Thailand, and South Africa has also seen increased demand for chocolate liqueur-based products mainly in confectionery and bakery industry.
However, some of the malpractices in the chocolate liqueur market which includes using of low-quality sugar and addition of minerals to increase final product weight has hampered the market growth. Also, inclusion of starch during the manufacturing of chocolates and use of non-permitted artificial colors are projected to impact with the taste and quality of the chocolate liqueur.
The chocolate liqueur market is segmented into product type, cocoa variety, form, application, and region. On the basis of product type, it is bifurcated into Dutch, and natural cocoa liquor. On the basis of cocoa variety, the market is classified into forastero, criollo, and trinitario. On the basis of form, it is categorized into wafers, blocks, chips, and liquid. On the basis of application, it is fragmented into chocolate and confectionery, ice cream, food & beverage coatings, and bakery. Region wise, it is analyzed across North America (the U. S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, The Netherlands, Switzerland and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Thailand, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East & Africa).
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the chocolate liqueur market analysis from 2021 to 2031 to identify the prevailing chocolate liqueur 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 chocolate liqueur 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 chocolate liqueur market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Form
- Wafers
- Blocks
- Chips
- Liquid
By Application
- Chocolate and Confectionery
- Sales channel
- Hypermarket and supermarket
- Specialty stores
- Convenience stores
- Online sales channel
- Ice Cream
- Food and Beverage Coatings
- Bakery
- Sales channel
- Hypermarket and supermarket
- Specialty stores
- Convenience stores
- Online sales channel
By Product Type
- Dutch
- Natural Cocoa Liquor
By Cocoa Variety
- Forastero
- Criollo
- Trinitario
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Italy
- Germany
- France
- Spain
- The Netherlands
- Switzerland
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Thailand
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Cargill, Incorporated
- ADM
- United Cocoa Processor, Inc.
- Blommer Chocolate Company
- Nestlé S. A
- Barry Callebaut
- JB Cocoa
- Delfi Limited
- Tootsie Roll Industries
- Mars Incorporated
- Mondelez International Inc.
- Ferrero International S. A
- The Hershey Company
- Olam Group
- Ciranda, Inc.
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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: CHOCOLATE LIQUEUR MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Dutch
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 Natural Cocoa Liquor
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
CHAPTER 5: CHOCOLATE LIQUEUR MARKET, BY COCOA VARIETY
5.1 Overview
5.1.1 Market size and forecast
5.2 Forastero
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 Criollo
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 Trinitario
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: CHOCOLATE LIQUEUR MARKET, BY FORM
6.1 Overview
6.1.1 Market size and forecast
6.2 Wafers
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 Blocks
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
6.4 Chips
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Liquid
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: CHOCOLATE LIQUEUR MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2 Chocolate and Confectionery
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.2.4 Chocolate and Confectionery Chocolate Liqueur Market by Sales channel
7.3 Ice Cream
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Food and Beverage Coatings
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Bakery
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
7.5.4 Bakery Chocolate Liqueur Market by Sales channel
CHAPTER 8: CHOCOLATE LIQUEUR MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Product Type
8.2.3 North America Market size and forecast, by Cocoa Variety
8.2.4 North America Market size and forecast, by Form
8.2.5 North America Market size and forecast, by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Product Type
8.2.6.1.2 Market size and forecast, by Cocoa Variety
8.2.6.1.3 Market size and forecast, by Form
8.2.6.1.4 Market size and forecast, by Application
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Product Type
8.2.6.2.2 Market size and forecast, by Cocoa Variety
8.2.6.2.3 Market size and forecast, by Form
8.2.6.2.4 Market size and forecast, by Application
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Product Type
8.2.6.3.2 Market size and forecast, by Cocoa Variety
8.2.6.3.3 Market size and forecast, by Form
8.2.6.3.4 Market size and forecast, by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Product Type
8.3.3 Europe Market size and forecast, by Cocoa Variety
8.3.4 Europe Market size and forecast, by Form
8.3.5 Europe Market size and forecast, by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Product Type
8.3.6.1.2 Market size and forecast, by Cocoa Variety
8.3.6.1.3 Market size and forecast, by Form
8.3.6.1.4 Market size and forecast, by Application
8.3.6.2 Italy
8.3.6.2.1 Market size and forecast, by Product Type
8.3.6.2.2 Market size and forecast, by Cocoa Variety
8.3.6.2.3 Market size and forecast, by Form
8.3.6.2.4 Market size and forecast, by Application
8.3.6.3 Germany
8.3.6.3.1 Market size and forecast, by Product Type
8.3.6.3.2 Market size and forecast, by Cocoa Variety
8.3.6.3.3 Market size and forecast, by Form
8.3.6.3.4 Market size and forecast, by Application
8.3.6.4 France
8.3.6.4.1 Market size and forecast, by Product Type
8.3.6.4.2 Market size and forecast, by Cocoa Variety
8.3.6.4.3 Market size and forecast, by Form
8.3.6.4.4 Market size and forecast, by Application
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Product Type
8.3.6.5.2 Market size and forecast, by Cocoa Variety
8.3.6.5.3 Market size and forecast, by Form
8.3.6.5.4 Market size and forecast, by Application
8.3.6.6 The Netherlands
8.3.6.6.1 Market size and forecast, by Product Type
8.3.6.6.2 Market size and forecast, by Cocoa Variety
8.3.6.6.3 Market size and forecast, by Form
8.3.6.6.4 Market size and forecast, by Application
8.3.6.7 Switzerland
8.3.6.7.1 Market size and forecast, by Product Type
8.3.6.7.2 Market size and forecast, by Cocoa Variety
8.3.6.7.3 Market size and forecast, by Form
8.3.6.7.4 Market size and forecast, by Application
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Product Type
8.3.6.8.2 Market size and forecast, by Cocoa Variety
8.3.6.8.3 Market size and forecast, by Form
8.3.6.8.4 Market size and forecast, by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Product Type
8.4.3 Asia-Pacific Market size and forecast, by Cocoa Variety
8.4.4 Asia-Pacific Market size and forecast, by Form
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Product Type
8.4.6.1.2 Market size and forecast, by Cocoa Variety
8.4.6.1.3 Market size and forecast, by Form
8.4.6.1.4 Market size and forecast, by Application
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Product Type
8.4.6.2.2 Market size and forecast, by Cocoa Variety
8.4.6.2.3 Market size and forecast, by Form
8.4.6.2.4 Market size and forecast, by Application
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Product Type
8.4.6.3.2 Market size and forecast, by Cocoa Variety
8.4.6.3.3 Market size and forecast, by Form
8.4.6.3.4 Market size and forecast, by Application
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Product Type
8.4.6.4.2 Market size and forecast, by Cocoa Variety
8.4.6.4.3 Market size and forecast, by Form
8.4.6.4.4 Market size and forecast, by Application
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Product Type
8.4.6.5.2 Market size and forecast, by Cocoa Variety
8.4.6.5.3 Market size and forecast, by Form
8.4.6.5.4 Market size and forecast, by Application
8.4.6.6 Indonesia
8.4.6.6.1 Market size and forecast, by Product Type
8.4.6.6.2 Market size and forecast, by Cocoa Variety
8.4.6.6.3 Market size and forecast, by Form
8.4.6.6.4 Market size and forecast, by Application
8.4.6.7 Thailand
8.4.6.7.1 Market size and forecast, by Product Type
8.4.6.7.2 Market size and forecast, by Cocoa Variety
8.4.6.7.3 Market size and forecast, by Form
8.4.6.7.4 Market size and forecast, by Application
8.4.6.8 Rest of Asia-Pacific
8.4.6.8.1 Market size and forecast, by Product Type
8.4.6.8.2 Market size and forecast, by Cocoa Variety
8.4.6.8.3 Market size and forecast, by Form
8.4.6.8.4 Market size and forecast, by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Product Type
8.5.3 LAMEA Market size and forecast, by Cocoa Variety
8.5.4 LAMEA Market size and forecast, by Form
8.5.5 LAMEA Market size and forecast, by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Product Type
8.5.6.1.2 Market size and forecast, by Cocoa Variety
8.5.6.1.3 Market size and forecast, by Form
8.5.6.1.4 Market size and forecast, by Application
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Product Type
8.5.6.2.2 Market size and forecast, by Cocoa Variety
8.5.6.2.3 Market size and forecast, by Form
8.5.6.2.4 Market size and forecast, by Application
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Product Type
8.5.6.3.2 Market size and forecast, by Cocoa Variety
8.5.6.3.3 Market size and forecast, by Form
8.5.6.3.4 Market size and forecast, by Application
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 Cargill, Incorporated
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 ADM
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 United Cocoa Processor, Inc.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Blommer Chocolate Company
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Nestlé S. A
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Barry Callebaut
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 JB Cocoa
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Delfi Limited
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Tootsie Roll Industries
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Mars Incorporated
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Mondelez International Inc.
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Ferrero International S. A
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 The Hershey Company
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Olam Group
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 ciranda, inc.
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Chocolate Liqueur Market,' the Chocolate Liqueur Market Size was valued at $4.6 billion in 2021, and is estimated to reach $6.9 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.Chocolate liqueur is available in two types, Dutch and natural, both of which are very popular amongst people owing to their taste and flavor. On the basis of taste, the Dutch chocolate is sweet in taste whereas gives the cocoa a sharp, almost citrus fruit finish. Increase in demand for chocolate liqueur mainly due to change in consumer taste and Chocolate Liqueur Market Demand for innovative products among younger generation boosts the market growth. In addition, increased penetration of handmade confectioneries using chocolate liqueur as a main ingredient is a major factor contributing toward the Chocolate Liqueur Market Growth.
Chocolate liqueur is an alcoholic beverage made using whiskey or vodka base and chocolate to impart a distinct chocolate flavor. Chocolate liqueur is generally offered in dark or light variants. It. The basic liqueur is a strong and sugary alcoholic beverage made from chocolate-flavored distilled spirits with added sugar for sweet taste.
The chocolate liqueur market is segmented into product type, cocoa variety, form, application, and region. On the basis of product type, the market is classified into Dutch and natural cocoa liquor. Among these, the Dutch segment occupied the major Chocolate Liqueur Market Share of the market in 2021, and is projected to maintain its dominance during the forecast period. The growth of the Dutch segment is attributed to increase in adoption of the Dutching process among producers of chocolate products in the global food & beverage sector. However, the natural segment is anticipated to grow in the Chocolate Liqueur Market Trends.
On the basis of cocoa type, the market is divided into forastero, criollo, trinitario and other. Among these, the forastero segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the forecast period. This is attributed to its disease-resistance and high-yielding characteristics.
On the basis of form, the chocolate liqueur market is classified into wafers, blocks, chips, and liquid. The wafer segment holds the major share in the chocolate liqueur market owing to versatility of the wafer. In addition, it melts easily and can be used in a variety of baked items, thus increasing its popularity among the end users.
On the basis of application, the market is divided into chocolate and confectionery, ice cream, food and beverage coatings, beverages, and bakery. The chocolate & confectionary segment holds the major share, attributed to the increase in popularity of liqueur-infused foods. In addition, cocoa liqueur is an essential component of chocolate and confections, and it may be utilized in a variety of ways, including baking, chocolate sauces, chocolate bark, and frosting.
In 2021, Europe accounted for 42.8% share in the global chocolate liqueur market, and is expected to maintain its dominance during the forecast period. However, Asia-Pacific and North America are expected to possess the highest CAGRs of 5.1% and 4.2% respectively, owing to rise in health concerns among people and increase in popularity of liqueur chocolates in these regions. Chocolate liqueur products are available in attractive packaging of different colors and shapes. This gains attention of the buyers, which increases the sale of chocolate liqueur.
The major players analyzed across the global chocolate liqueur industry include Cargill Inc. The Archer Daniels Midland Company, United Cocoa Processor, Inc., Blommer Chocolate Company, Nestlé S.A., Valrhona, Barry Callebaut, Cemoi, JBCOCOA, India Cocoa, and Charley's. These major market players have adopted various strategies such as product launch and acquisition to expand their market reach.
Key findings of the study
On the basis of product type, the Dutch segment dominated the market in the year 2021.On the basis of cocoa variety, the trinitario segment is likely to be the fastest growing segment with the CAGR of 6.3% during the forecast period.
On the basis of form, the liquid segment is likely to be the fastest growing segment with the CAGR of 5.9% during the forecast period.
On the basis of application, the food & beverage coatings segment is likely to be the fastest growing segment with the CAGR of 5.5% during the forecast period.
Region wise, Europe dominated the chocolate liqueur market from 2021 to 2031.
Companies Mentioned
- Cargill, Incorporated
- Adm
- United Cocoa Processor, Inc.
- Blommer Chocolate Company
- Nestlé S.A
- Barry Callebaut
- Jb Cocoa
- Delfi Limited
- Tootsie Roll Industries
- Mars Incorporated
- Mondelez International Inc.
- Ferrero International S.A
- the Hershey Company
- Olam Group
- Ciranda, Inc.
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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 330 |
Published | October 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 4548.7 million |
Forecasted Market Value ( USD | $ 6885.8 million |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |