Key Industry Insights
The report covers forecast and analysis for the cannabis beverages market on a global and regional level. The study provides historic data from 2018 to 2023 along with a forecast from 2024 to 2030 based on revenue (USD Million). The study includes drivers and restraints for the cannabis beverages market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the cannabis beverages market on a global as well as regional level.
The global cannabis beverages market was estimated at XX (USD Million) in 2023 and is projected to be valued at XX (USD Million) by 2030 at a CAGR of XX%.
Market Key Trends Analysis
The report also provides an in-depth analysis of different drivers, restraints and opportunities in the cannabis beverages Market. Key drivers are discussed in the report, along with its impact on the growth of this industry during the historic period as well as throughout the forecast years.
The report will also help all the prospective readers to identify major restraining factors for the industry participants. As well, major growth opportunities prevailing in the industry will help understand the rapidly changing dynamics of industry and plan for the future strategies accordingly.
Market Strategic Analysis
Also, the report covers key strategic developments of the market including acquisitions & mergers, new type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the cannabis beverages market on a global and regional basis.
To give the users of this report a comprehensive view on the cannabis beverages market competitive landscape and analysis of Porter’s Five Forces model for the market are included in the report. The study encompasses market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.
Market Key Segment Analysis
The study provides a crucial view on the cannabis beverages by segmenting the market based on product type, application, and region. All the segments of cannabis beverages market have been analyzed based on present and future trends and the market is estimated from 2024 to 2030. This report will identify dominating sub-segments in terms of revenue contribution for the base year as well as during the forecast period. The fastest-growing sub-segments with its major growth driving factors are also presented in the report.
Based on Product Type, global cannabis beverages market is bifurcated into Alcoholic, Non-Alcoholic. Detailed qualitative as well as quantitative product type segment analysis will be provided in the report from 2018 to 2030.
Based on Application market is segmented into Mass Merchandisers, Specialty Stores, Online Retail, Others. Trend analysis amongst the application will be provided in detail.
The market has huge growth prospects and this will help industry players with different potential opportunities to explore the market. The segment analysis will help in determining how each segment will influence the market growth in the coming years will be displayed in the report.
Market Regional Trends and Market Player’s Analysis
Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa. Wherein, North America dominated the global cannabis beverages market in 2023. Asia Pacific region will be a rapidly growing market for cannabis beverages. On the other hand, Latin America will experience moderate growth in the coming years. The Middle East and Africa will register slower growth in the years to come.
Cannabis Beverages Market Size By Region
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The report provides company market share analysis to give a broader overview of the key players in the cannabis beverages market. Major players in cannabis beverages market are Aurora Cannabis, Aphria Inc., Canopy Growth Corporation, MedReleaf Corp., Cronos Group Inc., GW Pharmaceuticals plc., CannTrust Holdings Inc., VIVO Cannabis Inc., Tilray, OrganiGram Holdings, among others.
Scope of the report
Attribute |
Details |
Base year for estimation |
2023 |
Actual estimates/Historical data |
2018 - 2022 |
Forecast period |
2024 - 2030 |
Market representation |
Revenue in USD Million & CAGR from 2024 to 2030 |
Regional scope |
North America, Europe, Asia Pacific, Central & South America & MEA |
Country scope |
U.S., Germany, U.K., Italy, China, Japan, Brazil |
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
Free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
The report segment of the global cannabis beverages market as follows:
Global Cannabis Beverages Market: By Product Type
Global Cannabis Beverages Market: By Application
- Mass Merchandisers
- Specialty Stores
- Online Retail
- Others
Global Cannabis Beverages Market: By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Key Highlights & Touch Points of the Global Cannabis Beverages Market for the Forecast Years 2024-2030:
- CAGR of the market during the forecast period of 2024-2030
- Extensive information on factors that will amplify the growth of the cannabis beverages market over the upcoming seven years
- Accurate estimation of the global cannabis beverages market size
- Exact estimations of the upcoming trends and changes observed in the consumer behavior
- Growth of the global cannabis beverages industry across the North & South America, EMEA, Asia Pacific, and Latin America
- Information about cannabis beverages market growth potential
- In-depth analysis of the industry’s competitive landscape and detailed information vis-a-vis on various vendors
- Furnishing of detailed information on the factors that will restrain the growth of the cannabis beverages manufacturers
Frequently Asked Questions
These players adopted different strategies so as to hold major market share in this market. Some of the major players in Cannabis Beverages industry includes.
- Aurora Cannabis
- Aphria Inc.
- Canopy Growth Corporation
- MedReleaf Corp.
- Cronos Group Inc.
- GW Pharmaceuticals plc.
- CannTrust Holdings Inc.
- VIVO Cannabis Inc.
- Tilray
- OrganiGram Holdings
Based on the Cannabis Beverages market analysis, North America is predicted to held the highest share in the Cannabis Beverages market during the forecast period.
The statistical data of the top market players of Cannabis Beverages industry can be obtained from the company profile section specified in the report. This section incorporates analysis of top player’s operating in the Cannabis Beverages industry as well as their last five-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue produced.
The study offers a decisive view on the Cannabis Beverages by segmenting the market based on Product Type, Application, and region.
The report gives a nitty-gritty assessment of the market by featuring data on various viewpoints that incorporate drivers, restraints, opportunities, and threats. This data can assist stakeholders in making suitable decisions before investing.
The sample for Cannabis Beverages market report can be received on-demand from the website as and when required.Direct call services or 24*7 chat support are provided to procure the sample report.
- Preface
- Report Description and Scope
- Research Scope
- Research Methodology
- Market Research Process
- Market Research Methodology
- Executive Summary
- Cannabis Beverages Market, 2018-2030 (USD Million)
- Cannabis Beverages Market: Snapshot
- Cannabis Beverages - Industry Analysis
- Cannabis Beverages: Market Dynamics
- Market Drivers
- Driver 1
- Driver 2
- Restraints
- Restraint 1
- Restraint 2
- Opportunity
- Government funding and support
- Porter’s Five Forces Analysis
- Market Attractiveness Analysis
- Market attractiveness analysis By Product
- Market attractiveness analysis By Application
- Market attractiveness analysis by Region
- Cannabis Beverages Market - Competitive Landscape
- Company market share analysis
- Global Cannabis Beverages Market: company market share, 2019
- Strategic development
- Acquisitions & mergers
- New Product launches
- Agreements, partnerships, collaborations and joint ventures
- Research and development and Regional expansion
- Price trend analysis
- Global Cannabis Beverages Market -Product Type Analysis
- Global Cannabis Beverages Market overview: By Product Type
- Global Cannabis Beverages Market share, By Product Type,2019 and 2026
- Alcoholic
- Global Cannabis Beverages Market by Alcoholic, 2018-2030 (USD Million)
- Non-Alcoholic
- Global Cannabis Beverages Market by Non-Alcoholic, 2018-2030 (USD Million)
- Global Cannabis Beverages Market -Application Analysis
- Global Cannabis Beverages Market overview: By Application
- Global Cannabis Beverages Market share, By Application,2019 and 2026
- Mass Merchandisers
- Global Cannabis Beverages Market by Mass Merchandisers, 2018-2030 (USD Million)
- Specialty Stores
- Global Cannabis Beverages Market by Specialty Stores, 2018-2030 (USD Million)
- Online Retail
- Global Cannabis Beverages Market by Online Retail, 2018-2030 (USD Million)
- Others
- Global Cannabis Beverages Market by Others, 2018-2030 (USD Million)
Global Cannabis Beverages Market - Regional Analysis
- Global Cannabis Beverages Market overview: by Region
- Global Cannabis Beverages Market share, by Region, 2019 and 2026
- North America
- North America Cannabis Beverages Market, 2018-2030 (USD Million)
- North America Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- North America Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- North America Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- North America Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- U.S. Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- U.S. Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- U.S. Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- U.S. Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Canada Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Canada Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Canada Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Canada Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Mexico Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Mexico Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Mexico Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Mexico Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Europe
- Europe Cannabis Beverages Market, 2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- UK Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- UK Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- UK Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- UK Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Germany Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Germany Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Germany Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Germany Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- France Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- France Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- France Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- France Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Italy Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Italy Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Italy Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Italy Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Spain Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Spain Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Spain Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Spain Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Netherlands Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Netherlands Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Netherlands Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Netherlands Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Rest of Europe Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Europe Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Europe Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Rest of Europe Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Asia Pacific
- Asia Pacific Cannabis Beverages Market, 2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- China Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- China Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- China Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- China Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Japan Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Japan Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Japan Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Japan Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- India Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- India Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- India Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- India Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Australia Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Australia Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Australia Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Australia Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- South East Asia Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- South East Asia Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- South East Asia Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- South East Asia Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- South Korea Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- South Korea Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- South Korea Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- South Korea Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Rest of Asia Pacific Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Asia Pacific Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Asia Pacific Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Rest of Asia Pacific Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Latin America
- Latin America Cannabis Beverages Market, 2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Brazil Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Brazil Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Brazil Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Brazil Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Argentina Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Argentina Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Argentina Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Argentina Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Chile Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Chile Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Chile Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Chile Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Rest of Latin America Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Latin America Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Latin America Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Rest of Latin America Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Middle East & Africa
- Middle East & Africa Cannabis Beverages Market, 2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- GCC Countries Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- GCC Countries Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- GCC Countries Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- GCC Countries Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Nigeria Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Nigeria Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Nigeria Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Nigeria Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- South Africa Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- South Africa Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- South Africa Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- South Africa Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
- Rest of Middle East & Africa Cannabis Beverages Market revenue, By Product Type, 2018-2030 (USD Million)
- Rest of Middle East & Africa Cannabis Beverages Market revenue, By Application, 2018-2030 (USD Million)
- Rest of Middle East & Africa Cannabis Beverages Market revenue, By product type, 2018-2030 (USD Million)
- Rest of Middle East & Africa Cannabis Beverages Market revenue, By application, 2018-2030 (USD Million)
Company Profiles
- Aurora Cannabis
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Aphria Inc.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Canopy Growth Corporation
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- MedReleaf Corp.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Cronos Group Inc.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- GW Pharmaceuticals plc.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- CannTrust Holdings Inc.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- VIVO Cannabis Inc.
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- Tilray
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
- OrganiGram Holdings
- Overview
- Financials
- Product Portfolio
- Business Strategy
- Recent Developments
List of Figures
List of Tables
- Global Cannabis Beverages Market: snapshot
- Drivers of the Cannabis Beverages Market: impact analysis
- Restraints of the Cannabis Beverages Market: impact analysis
- North America Cannabis Beverages Market revenue, By Product Type,2018-2030 (USD Million)
- North America Cannabis Beverages Market revenue, By Application,2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By Product Type,2018-2030 (USD Million)
- Europe Cannabis Beverages Market revenue, By Application,2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By Product Type,2018-2030 (USD Million)
- Asia Pacific Cannabis Beverages Market revenue, By Application,2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By Product Type,2018-2030 (USD Million)
- Latin America Cannabis Beverages Market revenue, By Application,2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By Product Type,2018-2030 (USD Million)
- Middle East & Africa Cannabis Beverages Market revenue, By Application,2018-2030 (USD Million)
- Aurora Cannabis
- Aphria Inc.
- Canopy Growth Corporation
- MedReleaf Corp.
- Cronos Group Inc.
- GW Pharmaceuticals plc.
- CannTrust Holdings Inc.
- VIVO Cannabis Inc.
- Tilray
- OrganiGram Holdings
An Overview on Research Methodology used at Syndicate Market Research:
1.1 Research Methodology
The process of market research at Syndicate Market Research is an iterative in nature and usually follows following path. Information from secondary is used to build data models, further the results obtained from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new information is again incorporated into data model. The process continues till desired level of information is not generated.
To calculate the market size, the report considers the revenue generated from the sales of the market providers. The revenue generated from the sales of market is calculated through primary and secondary research. The key players operating in the market across the globe are identified through secondary research and a corresponding detailed analysis of the top vendors in the market is done. The market size calculation also includes clinical trial phase segmentation determined using secondary sources and verified through primary sources.
1.2 Secondary Research
The secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- Internal and external proprietary databases, relevant patent and regulatory databases
- National government documents, statistical databases and market reports
- News articles, press releases and web-casts specific to the companies operating in the market
The sources for secondary research includes but is not limited to: Factiva, Hoovers and Statista
1.3 Primary Research
We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
- It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
- Helps in validating and strengthening the secondary research findings
- Further develops the analysis team’s expertise and market understanding
- Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/ clinical trial phase managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
- Key opinion leaders specializing in different areas corresponding to different industry end users
1.4 Models
Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data types to produce estimates:
- Demographic data: Population split by segment
- Macro-economic indicators: GDP, etc.
- Industry indicators: Expenditure, infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
1.4.1 Company Share Analysis Model
Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:
1.4.2 Revenue Based Modeling
Revenue based models can be built in two ways - Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
1.5 Research Limitations
Inflation is not a part of pricing in this report. Prices of the products and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each type has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down this market by end user in each region.