Striped Bass Market
Striped Bass Market Forecasts to 2030 - Global Analysis By Product (Fresh, Frozen and Other Products), Hybrid Type (Wiper, Whiterock and Other Hybrid Types), Water, Form, Sales Channel and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
4.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Striped Bass Market is growing at a CAGR of 4.6% during the forecast period. The Striped Bass (Morone saxatilis) is a highly prized game fish known for its distinctive striped markings along its sides, which give it its name. Found in both salt and freshwater environments, these silvery, elongated fish are native to the Atlantic coast of North America. Striped Bass are known for their strong fighting ability and are popular among anglers for their challenging catch. They have a varied diet, feeding on a range of aquatic organisms, and can adapt to different habitats, including rivers, estuaries, and coastal waters.
According to the Harvard School of Public Health, eating a diet high in fish has a number of health advantages, including protection against cardiovascular disease.
Market Dynamics:
Driver:
Health benefits
The health benefits associated with consuming stripe bass are a significant driver in the market. Striped bass is a rich source of lean protein, omega-3 fatty acids, and essential nutrients such as vitamin B12 and selenium. These nutritional components contribute to heart health, improve cognitive function, and support overall well-being. As consumers increasingly prioritize healthier food choices, the nutritional profile of striped bass positions it as an attractive option, driving demand in the market. The fish's positive impact on cardiovascular health and brain function makes it a sought-after choice among health-conscious individuals, further fueling its market popularity.
Restraint:
Fishing regulations
Fishing regulations play a crucial role in restraining the stripe bass market by imposing limits on catch sizes, seasons, and gear types. These measures aim to ensure sustainable management of the Striped Bass population, preventing overfishing and depletion of the species. Restrictions on the size and quantity of catches help maintain a healthy balance in the ecosystem and protect the bass's breeding populations. By enforcing these regulations, authorities aim to safeguard the long-term viability of the stripe bass market, preserving it for both environmental sustainability and economic reasons.
Opportunity:
Aquaculture and fish farming
By cultivating stripe bass in controlled aquatic environments, producers can ensure a consistent and sustainable supply. This method allows for optimized growth conditions, reducing the reliance on wild stocks and mitigating environmental impacts. Fish farming enables year-round production, meeting the growing demand for stripe bass in the market. Additionally, the controlled environment also allows for the implementation of quality assurance measures, ensuring a high-quality product for consumers.
Threat:
Habitat destruction
The Market poses a significant threat to habitat destruction due to overfishing and associated environmental impacts. As demand for stripe bass increases, commercial fishing practices intensify - leading to overharvesting that can disrupt the delicate balance of ecosystems. Large-scale fishing operations often employ destructive techniques, such as bottom trawling, which can damage crucial habitats like seagrass beds and estuaries. This habitat destruction not only jeopardizes the survival of the stripe bass population but also has cascading effects on other marine species that rely on these habitats.
Covid-19 Impact:
Restaurant closures, restrictions on outdoor activities, and disruptions in the seafood supply chain have led to decreased demand for striped bass. The closure of recreational fishing and reduced tourism has also affected the market negatively. Additionally, challenges in processing and distribution have caused fluctuations in pricing and availability. The overall economic uncertainty and changes in consumer behavior have further contributed to the challenges faced by the stripe bass market during the pandemic.
The fresh segment is expected to be the largest during the forecast period
The Fresh segment in the striped bass market has experienced significant growth due to increasing consumer preference for high-quality, locally sourced seafood. Consumers are increasingly seeking fresh and sustainable options, and Striped Bass, known for its mild flavor and versatile culinary applications, aligns with these preferences. The rise of seafood-centric culinary trends and a growing awareness of the health benefits associated with consuming fresh fish have contributed to the surge in demand.
The filets segment is expected to have the highest CAGR during the forecast period
The growth in the filets segment of the market can be attributed to increasing consumer demand for convenient and ready-to-cook seafood options. Filets offer a hassle-free cooking experience, as they are boneless and easy to prepare. The rising popularity of healthy eating habits has driven the demand for lean protein sources like stripe bass filets. Additionally, the filets segment also benefits from the growing awareness of sustainable and responsibly sourced seafood, with consumers seeking high-quality products.
Region with largest share:
The North American region has experienced significant growth in the striped bass market due to increasing consumer demand for premium seafood products. The popularity of striped bass, known for its delicate flavor and firm texture, has driven higher production and consumption in the region. Improved aquaculture practices and sustainable fishing methods have contributed to a steady and reliable supply of stripe bass, meeting the growing market demand. Additionally, the North American market's growth is also supported by a preference for domestically sourced and fresh seafood, aligning with the region's focus on quality and sustainability in the food industry.
Region with highest CAGR:
The Asia-Pacific region has witnessed substantial growth in the striped bass market due to increasing consumer demand for high-quality seafood. The rising popularity of stripe bass, known for its delicious taste and nutritional benefits, has driven aquaculture production in the region. Favourable environmental conditions, advanced aquaculture technologies, and government initiatives supporting sustainable fisheries have contributed to the expansion of stripe bass farming. Moreover, the growing awareness of health-conscious consumers and their preference for versatile, protein-rich fish products have further fuelled the market's growth in the Asia-Pacific region.
Key players in the market
Some of the key players in Striped Bass market include A&H Seafood Market Partners, Allseas Fisheries Corp., Amacore BV , Aqua Best Seafood Market, Chester River Seafood, Euclid Fish Company, HifreshINTL.CO.LTD, Kent SeaTech, Robert Wholey & Company Inc., Stavis Seafoods and The Town Dock.
Key Developments:
In June 2023, Stavis Seafoods, a Boston-based seafood company owned by Profand Group, announced it would move into a new facility at 1 Seafood Way in the Boston Seaport. The seafood restaurant brand Legal Sea Foods previously owned Stavis’ new home.
In August 2020, Premium Brands Holdings Corporation, a leading producer, marketer and distributor of branded specialty food products, announced that it has acquired Global Gourmet Foods Inc. and signed an agreement to acquire Allseas Fisheries Inc.
Products Covered:
• Fresh
• Frozen
• Whole
• Other Products
Hybrid Types Covered:
• Wiper
• Whiterock
• Sunshine
• Palmetto
• Cherokee
• Other Hybrid Types
Waters Covered:
• Freshwater
• Saltwater
Forms Covered:
• Headed
• Gutted
• Filets
Sales Channels Covered:
• Direct
• Indirect
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Striped Bass Market, By Product
5.1 Introduction
5.2 Fresh
5.3 Frozen
5.4 Whole
5.5 Other Products
6 Global Striped Bass Market, By Hybrid Type
6.1 Introduction
6.2 Wiper
6.3 Whiterock
6.4 Sunshine
6.5 Palmetto
6.6 Cherokee
6.7 Other Hybrid Types
7 Global Striped Bass Market, By Water
7.1 Introduction
7.2 Freshwater
7.3 Saltwater
8 Global Striped Bass Market, By Form
8.1 Introduction
8.2 Headed
8.3 Gutted
8.4 Filets
9 Global Striped Bass Market, By Sales Channel
9.1 Introduction
9.2 Direct
9.3 Indirect
10 Global Striped Bass Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 A&H Seafood Market Partners
12.2 Allseas Fisheries Corp.
12.3 Amacore BV
12.4 Aqua Best Seafood Market
12.5 Chester River Seafood
12.6 Euclid Fish Company
12.7 HifreshINTL.CO.LTD
12.8 Kent SeaTech
12.9 Robert Wholey & Company Inc.
12.10 Stavis Seafoods
12.11 The Town Dock
List of Tables
1 Global Striped Bass Market Outlook, By Region (2021-2030) ($MN)
2 Global Striped Bass Market Outlook, By Product (2021-2030) ($MN)
3 Global Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
4 Global Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
5 Global Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
6 Global Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
7 Global Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
8 Global Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
9 Global Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
10 Global Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
11 Global Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
12 Global Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
13 Global Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
14 Global Striped Bass Market Outlook, By Water (2021-2030) ($MN)
15 Global Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
16 Global Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
17 Global Striped Bass Market Outlook, By Form (2021-2030) ($MN)
18 Global Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
19 Global Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
20 Global Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
21 Global Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
22 Global Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
23 Global Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
24 North America Striped Bass Market Outlook, By Country (2021-2030) ($MN)
25 North America Striped Bass Market Outlook, By Product (2021-2030) ($MN)
26 North America Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
27 North America Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
28 North America Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
29 North America Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
30 North America Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
31 North America Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
32 North America Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
33 North America Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
34 North America Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
35 North America Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
36 North America Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
37 North America Striped Bass Market Outlook, By Water (2021-2030) ($MN)
38 North America Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
39 North America Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
40 North America Striped Bass Market Outlook, By Form (2021-2030) ($MN)
41 North America Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
42 North America Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
43 North America Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
44 North America Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
45 North America Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
46 North America Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
47 Europe Striped Bass Market Outlook, By Country (2021-2030) ($MN)
48 Europe Striped Bass Market Outlook, By Product (2021-2030) ($MN)
49 Europe Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
50 Europe Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
51 Europe Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
52 Europe Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
53 Europe Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
54 Europe Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
55 Europe Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
56 Europe Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
57 Europe Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
58 Europe Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
59 Europe Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
60 Europe Striped Bass Market Outlook, By Water (2021-2030) ($MN)
61 Europe Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
62 Europe Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
63 Europe Striped Bass Market Outlook, By Form (2021-2030) ($MN)
64 Europe Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
65 Europe Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
66 Europe Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
67 Europe Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
68 Europe Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
69 Europe Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
70 Asia Pacific Striped Bass Market Outlook, By Country (2021-2030) ($MN)
71 Asia Pacific Striped Bass Market Outlook, By Product (2021-2030) ($MN)
72 Asia Pacific Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
73 Asia Pacific Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
74 Asia Pacific Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
75 Asia Pacific Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
76 Asia Pacific Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
77 Asia Pacific Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
78 Asia Pacific Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
79 Asia Pacific Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
80 Asia Pacific Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
81 Asia Pacific Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
82 Asia Pacific Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
83 Asia Pacific Striped Bass Market Outlook, By Water (2021-2030) ($MN)
84 Asia Pacific Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
85 Asia Pacific Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
86 Asia Pacific Striped Bass Market Outlook, By Form (2021-2030) ($MN)
87 Asia Pacific Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
88 Asia Pacific Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
89 Asia Pacific Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
90 Asia Pacific Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
91 Asia Pacific Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
92 Asia Pacific Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
93 South America Striped Bass Market Outlook, By Country (2021-2030) ($MN)
94 South America Striped Bass Market Outlook, By Product (2021-2030) ($MN)
95 South America Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
96 South America Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
97 South America Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
98 South America Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
99 South America Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
100 South America Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
101 South America Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
102 South America Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
103 South America Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
104 South America Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
105 South America Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
106 South America Striped Bass Market Outlook, By Water (2021-2030) ($MN)
107 South America Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
108 South America Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
109 South America Striped Bass Market Outlook, By Form (2021-2030) ($MN)
110 South America Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
111 South America Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
112 South America Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
113 South America Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
114 South America Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
115 South America Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
116 Middle East & Africa Striped Bass Market Outlook, By Country (2021-2030) ($MN)
117 Middle East & Africa Striped Bass Market Outlook, By Product (2021-2030) ($MN)
118 Middle East & Africa Striped Bass Market Outlook, By Fresh (2021-2030) ($MN)
119 Middle East & Africa Striped Bass Market Outlook, By Frozen (2021-2030) ($MN)
120 Middle East & Africa Striped Bass Market Outlook, By Whole (2021-2030) ($MN)
121 Middle East & Africa Striped Bass Market Outlook, By Other Products (2021-2030) ($MN)
122 Middle East & Africa Striped Bass Market Outlook, By Hybrid Type (2021-2030) ($MN)
123 Middle East & Africa Striped Bass Market Outlook, By Wiper (2021-2030) ($MN)
124 Middle East & Africa Striped Bass Market Outlook, By Whiterock (2021-2030) ($MN)
125 Middle East & Africa Striped Bass Market Outlook, By Sunshine (2021-2030) ($MN)
126 Middle East & Africa Striped Bass Market Outlook, By Palmetto (2021-2030) ($MN)
127 Middle East & Africa Striped Bass Market Outlook, By Cherokee (2021-2030) ($MN)
128 Middle East & Africa Striped Bass Market Outlook, By Other Hybrid Types (2021-2030) ($MN)
129 Middle East & Africa Striped Bass Market Outlook, By Water (2021-2030) ($MN)
130 Middle East & Africa Striped Bass Market Outlook, By Freshwater (2021-2030) ($MN)
131 Middle East & Africa Striped Bass Market Outlook, By Saltwater (2021-2030) ($MN)
132 Middle East & Africa Striped Bass Market Outlook, By Form (2021-2030) ($MN)
133 Middle East & Africa Striped Bass Market Outlook, By Headed (2021-2030) ($MN)
134 Middle East & Africa Striped Bass Market Outlook, By Gutted (2021-2030) ($MN)
135 Middle East & Africa Striped Bass Market Outlook, By Filets (2021-2030) ($MN)
136 Middle East & Africa Striped Bass Market Outlook, By Sales Channel (2021-2030) ($MN)
137 Middle East & Africa Striped Bass Market Outlook, By Direct (2021-2030) ($MN)
138 Middle East & Africa Striped Bass Market Outlook, By Indirect (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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