Agarwood Essential Oil Market by Application, Type and Geography - Forecast and Analysis 2023-2027

Published: Dec 2022

Pages: 161

SKU: IRTNTR71468

Snapshot

The Agarwood Essential Oil Market is projected to increase by USD 1,075.28 million from 2022 to 2027. The market is estimated to grow at a CAGR of 6.86% between 2022 and 2027. In 2017 the market size was valued at USD 1,075.28 million.

The expansion in retail space across the globe is a key factor driving the market growth. The most common distribution formats of agarwood essential oils are supermarkets and hypermarkets, convenience stores, discount stores, and online portals. The retail chain sales of these products have been increasing over the past few years. The sale of essential oils through supermarkets and hypermarkets is rising as consumers are increasingly preferring agarwood essential oil products for health benefits such as moisturizing and skin softening, reduction of microbial infections, and sun protection.

This market is segmented by application into cosmetics and personal care, incense, therapeutics, and others. The cosmetics and personal care segment will contribute 40% to the growth of the market. The increasing health and skincare awareness among consumers has enhanced the need for agarwood essential oils for cosmetics and personal care applications. Agarwood is considered 'liquid gold' owing to its high cost. Moreover, only certain specific and old Agarwood trees contain this resin, which makes agarwood among the most luxurious cosmetic extracts in the world. The increasing applications of agarwood essential oil for skin and hair care are growing significantly, owing to its benefits.

Agarwood Essential Oil Market: Overview

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Key Trend and Challenge

The rising demand for aromatherapy is notably driving the market growth, although factors such as the increasing availability of counterfeit products may impede the market growth. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.

Trend

The rising demand for aromatherapy is a major factor supporting the market growth. Aromatherapy is an alternative medicinal practice that enhances energy levels, hastens the healing process, gets rid of headaches, improves digestion and circulation, induces sleep, boosts cognitive function, reduces anxiety, and eases depression. The demand for aromatherapy is increasing globally, and various players are coming up with essential oils exclusively for aromatherapy practices.

For instance, Plant Therapy Essential Oils' new line of limited-edition essential oil is set under the brand name Dear Mom. The product is aimed at promoting relaxation and reducing worry and tension among mothers. The company claims that the new product will create a smooth, sweet aroma and promote calmness and relaxation. Thus, the growing popularity of aromatherapy among consumers will positively influence the global agarwood essential oil market during the forecast period.

Challenge

The increasing availability of counterfeit products will be a major challenge for market share growth. Agarwood essential oils are extracted from plants through the distillation process, and they exhibit a characteristic fragrance and properties of the plants they are extracted from. However, counterfeit products contain cheap seed oils and do not have any properties of essential oils. Some counterfeit products are mixed with synthetics to make them resemble the scent of the plant.

As agarwood essential oil is a highly-priced oil, owing to which it becomes a prime target for adulteration and results in the formation of counterfeit products. Such counterfeit products damage the brand image of leading essential oil brands. Thus, the increasing prevalence of counterfeit products can hamper the growth of the global agarwood essential oil market during the forecast period.

Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Agarwood Essential Oil Market Customer Landscape

Vendor Overview

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering - Biofinest offers agarwood essential oil of therapeutic grade.
Key Offering - Biolandes offers agarwood essential oil such as agarwood P2 cites.
Key Offering - Deveherbes offers agarwood essential oil such as aquilaria agallacha.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Agarwood Essential Oil Market Segmentation by Type

The agarwood essential oil market segmentation by type consists of natural agarwood essential oil and organic agarwood essential oil. The increasing use of natural agarwood essential oil in different applications such as cosmetics and personal care, medication, therapeutics, and household cleaning will augment the demand for natural agarwood essential oil, which in turn will propel the growth of the global agarwood essential oil market during the forecast period.

Agarwood Essential Oil Market Segmentation by Application

The agarwood essential oil market segmentation by application consists of cosmetics and personal care, incense, therapeutics, and others. The market share growth of the cosmetics and personal segment will be significant during the forecast period. The cosmetics and personal care segment constitute the largest market share of the global agarwood oil market. The increasing health and skincare awareness among consumers has enhanced the need for agarwood essential oils for cosmetics and personal care applications. Agarwood is considered 'liquid gold' owing to its high cost. Moreover, only certain specific and old Agarwood trees contain this resin, which makes agarwood among the most luxurious cosmetic extracts in the world.

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The cosmetics and personal segment were valued at USD 719.92 million in 2017 and continued to grow until 2021. The increasing applications of agarwood essential oil for skin and hair care are growing significantly, owing to its benefits. Such benefits have increased the adoption of agarwood essential oil in the cosmetic and personal use segment. Thus, the growing demand for updated and enhanced skincare products will accelerate the cosmetic and personal care segment of the global agarwood essential oil market during the forecast period.

Key Regions for the Agarwood Essential Oil Market

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Europe is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Europe is observing high demand for agarwood essential oils due to various health benefits and multiple applications across multiple industries, such as therapeutics, cosmetics, and personal care. Germany, the UK, France, and Spain are some of the leading markets for the sales of agarwood essential oils in Europe. Cosmetic producers are coming up with new cosmetic products that contain agarwood essential oils as an ingredient. The growing demand for aromatherapy products in Europe is also contributing to the growth of the agarwood essential oil market in Europe.

In Europe, the premium cosmetics sector witnessed a shift as many consumers opted for at-home skin treatment solutions following COVID-19. However, the increase in the launch of new products containing agarwood essential oils as an ingredient will drive the growth of the essential oils market in Europe during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Application Outlook (USD Million, 2017 - 2027)
- Cosmetics and personal care
- Incense
- Therapeutics
- Others
Type Outlook (USD Million, 2017 - 2027)
- Natural agarwood essential oil
- Organic agarwood essential oil
Region Outlook (USD Million, 2017 - 2027)
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- North America
  - The U.S.
  - Canada
- APAC
  - China
  - India
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Agarwood Essential Oil Market Scope
Report Coverage	Details
Page number	161
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.86%
Market growth 2023-2027	USD 1,075.28 million
Market structure	Fragmented
YoY growth 2022-2023(%)	6.34
Regional analysis	Europe, North America, APAC, South America, and Middle East and Africa
Performing market contribution	Europe at 36%
Key countries	US, Canada, Japan, Germany, and The Netherlands
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Biofinest, Biolandes SAS, Deve Herbes, Edens Garden Inc., Essential Oil Wizardry, Flowers Shining Everywhere Inc., Grandawood, Gritman Corp., Hoang Giang Agarwood Ltd., HYSSES Pte Ltd., JiAn ZhongXiang Natural Plants Co. Ltd., Katyani Exports, Mangalam Agro, Maruti Natural Fragrances, Nusaroma, Oud and Musk, Shiv Sales Corporation, Thai Borai Agarwood Co. Ltd., Tram Huong Viet, and Treedom Oud
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Agarwood Essential Oil Market Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the agarwood essential oil market between 2023 and 2027
Precise estimation of the size of the agarwood essential oil market size and its contribution of the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of agarwood essential oil market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global agarwood essential oil market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global agarwood essential oil market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Type Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Cosmetics and personal care - Market size and forecast 2022-2027
- Exhibit 34: Chart on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Cosmetics and personal care - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Cosmetics and personal care - Year-over-year growth 2022-2027 (%)

6.4 Incense - Market size and forecast 2022-2027
- Exhibit 38: Chart on Incense - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Incense - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Incense - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Incense - Year-over-year growth 2022-2027 (%)

6.5 Therapeutics - Market size and forecast 2022-2027
- Exhibit 42: Chart on Therapeutics - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Therapeutics - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Therapeutics - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Therapeutics - Year-over-year growth 2022-2027 (%)

6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Application
- Exhibit 50: Market opportunity by Application ($ million)

7 Market Segmentation by Type

7.1 Market segments
- Exhibit 51: Chart on Type - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Type - Market share 2022-2027 (%)

7.2 Comparison by Type
- Exhibit 53: Chart on Comparison by Type
- Exhibit 54: Data Table on Comparison by Type

7.3 Natural agarwood essential oil - Market size and forecast 2022-2027
- Exhibit 55: Chart on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Natural agarwood essential oil - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Natural agarwood essential oil - Year-over-year growth 2022-2027 (%)

7.4 Organic agarwood essential oil - Market size and forecast 2022-2027
- Exhibit 59: Chart on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Organic agarwood essential oil - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Organic agarwood essential oil - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Type
- Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.10 The Netherlands - Market size and forecast 2022-2027
- Exhibit 97: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027
- Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption

11.4 Industry risks
- Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 114: Vendors covered

12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification

12.3 Biofinest
- Exhibit 116: Biofinest - Overview
- Exhibit 117: Biofinest - Product / Service
- Exhibit 118: Biofinest - Key offerings

12.4 Biolandes SAS
- Exhibit 119: Biolandes SAS - Overview
- Exhibit 120: Biolandes SAS - Product / Service
- Exhibit 121: Biolandes SAS - Key offerings

12.5 Deve Herbes
- Exhibit 122: Deve Herbes - Overview
- Exhibit 123: Deve Herbes - Product / Service
- Exhibit 124: Deve Herbes - Key offerings

12.6 Essential Oil Wizardry
- Exhibit 125: Essential Oil Wizardry - Overview
- Exhibit 126: Essential Oil Wizardry - Product / Service
- Exhibit 127: Essential Oil Wizardry - Key offerings

12.7 Grandawood
- Exhibit 128: Grandawood - Overview
- Exhibit 129: Grandawood - Product / Service
- Exhibit 130: Grandawood - Key offerings

12.8 Gritman Corp.
- Exhibit 131: Gritman Corp. - Overview
- Exhibit 132: Gritman Corp. - Product / Service
- Exhibit 133: Gritman Corp. - Key offerings

12.9 Hoang Giang Agarwood Ltd.
- Exhibit 134: Hoang Giang Agarwood Ltd. - Overview
- Exhibit 135: Hoang Giang Agarwood Ltd. - Product / Service
- Exhibit 136: Hoang Giang Agarwood Ltd. - Key news
- Exhibit 137: Hoang Giang Agarwood Ltd. - Key offerings

12.10 HYSSES Pte Ltd.
- Exhibit 138: HYSSES Pte Ltd. - Overview
- Exhibit 139: HYSSES Pte Ltd. - Product / Service
- Exhibit 140: HYSSES Pte Ltd. - Key offerings

12.11 JiAn ZhongXiang Natural Plants Co. Ltd.
- Exhibit 141: JiAn ZhongXiang Natural Plants Co. Ltd. - Overview
- Exhibit 142: JiAn ZhongXiang Natural Plants Co. Ltd. - Product / Service
- Exhibit 143: JiAn ZhongXiang Natural Plants Co. Ltd. - Key offerings

12.12 Katyani Exports
- Exhibit 144: Katyani Exports - Overview
- Exhibit 145: Katyani Exports - Product / Service
- Exhibit 146: Katyani Exports - Key offerings

12.13 Maruti Natural Fragrances
- Exhibit 147: Maruti Natural Fragrances - Overview
- Exhibit 148: Maruti Natural Fragrances - Product / Service
- Exhibit 149: Maruti Natural Fragrances - Key offerings

12.14 Nusaroma
- Exhibit 150: Nusaroma - Overview
- Exhibit 151: Nusaroma - Product / Service
- Exhibit 152: Nusaroma - Key offerings

12.15 Oud and Musk
- Exhibit 153: Oud and Musk - Overview
- Exhibit 154: Oud and Musk - Product / Service
- Exhibit 155: Oud and Musk - Key offerings

12.16 Thai Borai Agarwood Co. Ltd.
- Exhibit 156: Thai Borai Agarwood Co. Ltd. - Overview
- Exhibit 157: Thai Borai Agarwood Co. Ltd. - Product / Service
- Exhibit 158: Thai Borai Agarwood Co. Ltd. - Key offerings

12.17 Tram Huong Viet
- Exhibit 159: Tram Huong Viet - Overview
- Exhibit 160: Tram Huong Viet - Product / Service
- Exhibit 161: Tram Huong Viet - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources

13.5 List of abbreviations
- Exhibit 168: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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