Crayfish Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,Canada,China,Germany,UK - Size and Forecast 2023-2027

Published: Feb 2023

Pages: 155

SKU: IRTNTR72442

Snapshot

Crayfish Market Forecast 2023-2027

The crayfish market is forecast to increase by USD 2,272.09 million at a CAGR of 6.48% between 2022 and 2027. The growth of the market depends on several factors, including growing demand for aquaculture-based fish varieties, affordable aquaculture methods, and health benefits of crayfish consumption.

It also includes an in-depth analysis of market dynamics, customer landscape, Competitive analysis and market segmentation alng with regions. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Crayfish Market during the Forecast Period?

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Crayfish Market Segmentation

This report extensively covers market segmentation by type (farmed and wild crayfish), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Type

The market share growth of the farmed crayfish segment will be significant during the forecast period. Most of the varieties sold in the market are of the farmed variety. Farmed varieties are mostly meant for the export market. Farming makes it possible to meet the demand of consumers for processed varieties such as tail meat. Additionally, more rice farmers are entering the farmed market intending to earn additional income or because of crop rotation.

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The farmed segment was valued at USD 4,230.44 million in 2017 and continued to grow until 2021. Due to the increased demand for fish protein from aquaculture consumers across the world, farmers are focusing more on farmed varieties to sustain in the market. Some common varieties of farmed are red swamp crawfish, Red Claw, noble, Marron crayfish, and common yabby. The market segment will witness growth during the forecast period.

Crayfish Market Dynamic

The affordable aquaculture methods are notably driving the market growth, although factors such as lack of marketing and capital in the market may impede the growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

Affordable aquaculture methods are notably driving market growth. The most common method of farming is in cultivated forage ponds or in double-crop rotation systems, especially in rice fields. Crayfish cultivation in rice fields is expected to boost the growth of the market as many farmers are turning to farming in their farmlands to earn an extra income.

Good quality water sources are another important factor in farming. Any land chosen for cultivation must have a clay content of above 20%. Also, other important factors needed to carry out farming effectively include the appropriate equipment, harvest bait, labor, electricity, and fuel. Accordingly, all the necessary equipment and supplies are locally sourced and do not require huge investments for new people entering farming. This is one of the major reasons why more agriculture farmers are opting to enter the market.

Accordingly, more farmers are attracted to the crayfish industry because the farming method is affordable and does not require high levels of investment. Such factors are expected to fuel the growth of the market during the forecast period.

Significant Trend

The growth of organized retailing in the market is an emerging trend. The growth of organized retailing has ensured the effectiveness of the supply chain and logistics in the crustacean (including crayfish) industry. Large retail chains such as Walmart, Inc. (Walmart), Costco Wholesale Corp. (Costco), and Tesco PLC (Tesco), among others, sell different varieties of processed and packaged fish in both online and offline stores. These retail giants are driving high sales volumes of processed crustaceans. Moreover, these large retailers can secure high-profit margins by reducing their external production costs.

Different processed varieties are increasingly being sold in large retail chains. For instance, Walmart provides both in-store purchases and online sales of different products and processed varieties such as tail meat, whole seasoned, frozen cooked, and balls through its own brands as well as other private labels. Additionally, restaurants and quick-service restaurants (QSR) in China and the US are increasingly using the product in their cuisine. Accordingly, the varieties are reaching end-consumers through large retailers, online retailers, and food chains, among others. Such factors are expected to fuel the growth of the market during the forecast period.

Major Challenge

Lack of marketing and capital is the major challenge in the market. The market structure of the market in various countries, such as China, the US, and Australia, is fragmented. Also, the market faces various marketing challenges due to the lack of regional and international efforts. Various vendors that operate in the market in focus are mid-to small-sized. These vendors mostly form small cooperative groups in their localities and, therefore, are able only to undertake limited marketing and promotional activities. The lack of marketing and promotional activities leads to low consumer awareness of locally produced products. Hence, the low focus on marketing and promotional activities of locally produced varieties hinders the supply of these varieties beyond the local fish markets.

In addition, mid-to-small-sized vendors cannot focus on increasing their production volumes owing to the lack of capital. Accordingly, focusing on expanding their business to capitalize on market demand is challenging for such small- and medium-sized players. This further creates problems in the supply of varieties to consumers.

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 Market Customer Landscape

Who are the Major Crayfish Market Companies?

Companies 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.

Mah Protein Inc. - The company's main business includes the export, import, processing, packaging, and distribution of seafood products. The company offers crayfish which has omega-3 fatty acids, thus helping to promote mental health.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, 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.

Regional Analysis

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North America is estimated to contribute 40% 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. The products that are farmed in North America are used for both the domestic and international markets. The major growth factors in the region are technological innovations and geography/location. As the falling production from wild fisheries is leading to a shortfall in the supply of fish, regional consumers are increasingly opting for crustaceans to satisfy their craving for fish. Additionally, North America is witnessing higher consumption of frozen and processed forms of fish varieties.

Research Analyst Overview

The Market is witnessing notable growth due to the increasing demand for freshwater crustaceans like crawdads, particularly in Chinese cuisine, driven by their popularity in the food and beverage industry. Despite concerns about high costs, changing consumer preferences, and low iron-related health disorders, the market remains buoyant. With disposable income rising, there's a growing interest in crayfish as a culinary delicacy. Moreover, with chronic diseases and cancer incidence on the rise, there's increased attention on the nutritional benefits of crayfish, as recognized by organizations like the World Health Organization. Overall, the crayfish market presents promising opportunities for growth and innovation in the food industry.

Segment Overview

The market 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.

Type Outlook (USD Million, 2017 - 2027)
- Farmed Crayfish
- Wild Crayfish

Distribution Channel Outlook (USD Million, 2017 - 2027)
- Offline
- Online

Region Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- APAC
  - China
  - India
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- South America
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Crayfish Market Scope
Report Coverage	Details
Page number	155
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.48%
Market growth 2023-2027	USD 2,272.09 million
Market structure	Fragmented
YoY growth 2022-2023(%)	5.5
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 40%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Acadia Crawfish Co. LLC, Alfocan SA, American Seafoods Co. LLC, Bocage Crawfish, Cajun Crawfish Co., Day Boat Seafood LLC, Domstein AS, Fruge Seafood Co., Happy Crab Seafood, Harlons LA Fish, Kenney Seafood, Live Aquaponics, Louisiana Crawfish Co., Louisiana Seafood Co., Mackay Reef Fish Pty Ltd., Mah Protein Inc., Riceland Crawfish, Seven star ocean fisheries, and Siam Canadian Group Ltd.
Market dynamics	Parent market analysis, Market forecasting, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market research 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 Market Research and Growth Report?

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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- 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 crayfish market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global crayfish market 2017 - 2021 ($ million)

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

4.3 Distribution channel Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Distribution channel 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 Type

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

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

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

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

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Exhibit 44: Chart on Distribution Channel - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Distribution Channel - Market share 2022-2027 (%)

7.2 Comparison by Distribution Channel
- Exhibit 46: Chart on Comparison by Distribution Channel
- Exhibit 47: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2022-2027
- Exhibit 48: Chart on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Offline - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Offline - Year-over-year growth 2022-2027 (%)

7.4 Online - Market size and forecast 2022-2027
- Exhibit 52: Chart on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Online - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Online - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Online - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Distribution Channel
- Exhibit 56: Market opportunity by Distribution Channel ($ million)
- Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2022-2027 (%)
- Exhibit 60: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027
- Exhibit 63: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027
- Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027
- Exhibit 75: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027
- Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 UK - Market size and forecast 2022-2027
- Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.12 Canada - Market size and forecast 2022-2027
- Exhibit 99: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on 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 105: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Acadia Crawfish Co. LLC
- Exhibit 111: Acadia Crawfish Co. LLC - Overview
- Exhibit 112: Acadia Crawfish Co. LLC - Product / Service
- Exhibit 113: Acadia Crawfish Co. LLC - Key offerings

12.4 Alfocan SA
- Exhibit 114: Alfocan SA - Overview
- Exhibit 115: Alfocan SA - Product / Service
- Exhibit 116: Alfocan SA - Key offerings

12.5 Bocage Crawfish
- Exhibit 117: Bocage Crawfish - Overview
- Exhibit 118: Bocage Crawfish - Product / Service
- Exhibit 119: Bocage Crawfish - Key offerings

12.6 Cajun Crawfish Co.
- Exhibit 120: Cajun Crawfish Co. - Overview
- Exhibit 121: Cajun Crawfish Co. - Product / Service
- Exhibit 122: Cajun Crawfish Co. - Key offerings

12.7 Day Boat Seafood LLC
- Exhibit 123: Day Boat Seafood LLC - Overview
- Exhibit 124: Day Boat Seafood LLC - Product / Service
- Exhibit 125: Day Boat Seafood LLC - Key offerings

12.8 Fruge Seafood Co.
- Exhibit 126: Fruge Seafood Co. - Overview
- Exhibit 127: Fruge Seafood Co. - Product / Service
- Exhibit 128: Fruge Seafood Co. - Key offerings

12.9 Happy Crab Seafood
- Exhibit 129: Happy Crab Seafood - Overview
- Exhibit 130: Happy Crab Seafood - Product / Service
- Exhibit 131: Happy Crab Seafood - Key offerings

12.10 Harlons LA Fish
- Exhibit 132: Harlons LA Fish - Overview
- Exhibit 133: Harlons LA Fish - Product / Service
- Exhibit 134: Harlons LA Fish - Key offerings

12.11 Kenney Seafood
- Exhibit 135: Kenney Seafood - Overview
- Exhibit 136: Kenney Seafood - Product / Service
- Exhibit 137: Kenney Seafood - Key offerings

12.12 Live Aquaponics
- Exhibit 138: Live Aquaponics - Overview
- Exhibit 139: Live Aquaponics - Product / Service
- Exhibit 140: Live Aquaponics - Key offerings

12.13 Louisiana Crawfish Co.
- Exhibit 141: Louisiana Crawfish Co. - Overview
- Exhibit 142: Louisiana Crawfish Co. - Product / Service
- Exhibit 143: Louisiana Crawfish Co. - Key offerings

12.14 Louisiana Seafood Co.
- Exhibit 144: Louisiana Seafood Co. - Overview
- Exhibit 145: Louisiana Seafood Co. - Product / Service
- Exhibit 146: Louisiana Seafood Co. - Key offerings

12.15 Mackay Reef Fish Pty Ltd.
- Exhibit 147: Mackay Reef Fish Pty Ltd. - Overview
- Exhibit 148: Mackay Reef Fish Pty Ltd. - Product / Service
- Exhibit 149: Mackay Reef Fish Pty Ltd. - Key offerings

12.16 Mah Protein Inc.
- Exhibit 150: Mah Protein Inc. - Overview
- Exhibit 151: Mah Protein Inc. - Product / Service
- Exhibit 152: Mah Protein Inc. - Key offerings

12.17 Riceland Crawfish
- Exhibit 153: Riceland Crawfish - Overview
- Exhibit 154: Riceland Crawfish - Product / Service
- Exhibit 155: Riceland Crawfish - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 156: Inclusions checklist
- Exhibit 157: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 158: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 159: Research methodology
- Exhibit 160: Validation techniques employed for market sizing
- Exhibit 161: Information sources

13.5 List of abbreviations
- Exhibit 162: 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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