Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 12.46 Billion |
Market Size (2030) | USD 16.2 Billion |
CAGR (2025 - 2030) | 5.40 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
UK Chocolate Market Analysis
The UK Chocolate Market size is estimated at 12.46 billion USD in 2025, and is expected to reach 16.2 billion USD by 2030, growing at a CAGR of 5.40% during the forecast period (2025-2030).
The UK chocolate industry continues to evolve with changing consumer preferences and retail dynamics. The market demonstrates strong UK chocolate consumption patterns, with the average annual chocolate consumption reaching approximately 11 kg per capita in 2022, equivalent to three chocolate bars weekly. This robust consumption is supported by an extensive retail network, with over 47,000 convenience stores operating nationwide as of 2023, complementing the traditional supermarket infrastructure. The retail landscape has witnessed significant expansion, with major players like Lidl operating more than 1,500 stores and Sainsbury's maintaining 2,869 supermarkets across the country, ensuring widespread product accessibility and visibility.
The industry is experiencing a notable shift toward premium chocolate and artisanal chocolate offerings, reflecting consumers' growing sophistication and willingness to pay for quality. Specialized chocolate retailers and artisanal manufacturers are gaining prominence, introducing innovative flavors and unique product formulations to cater to evolving consumer preferences. This trend is particularly evident in the rising popularity of single-origin chocolates, ethical sourcing practices, and specialized production techniques that emphasize quality over quantity.
Sustainability and ethical sourcing have become central themes in the UK chocolate market, with increasing consumer awareness driving industry transformation. In 2022, approximately 65% of UK consumers emphasized the importance of including Fairtrade products in their shopping choices, while 22% reported making weekly Fairtrade product purchases. This growing consciousness has prompted manufacturers to strengthen their sustainability commitments, implement transparent sourcing practices, and develop products that align with consumers' ethical values.
Digital transformation is reshaping the chocolate retail landscape, with e-commerce emerging as a crucial distribution channel. The high digital adoption rate among UK consumers, with 88% of those aged 16 to 74 purchasing goods online, has encouraged both traditional retailers and specialized chocolate manufacturers to enhance their digital presence. This shift has facilitated greater product discovery, enabled direct-to-consumer relationships, and provided platforms for premium and artisanal chocolate brands to reach broader audiences while maintaining their premium positioning.
UK Chocolate Market Trends
Strong demand during various festive seasons and especially occasions like Christmas, easter, and others, along with the introduction of innovative flavors, drive the market growth
- The United Kingdom has a significant affinity for chocolate and has a long tradition of chocolate consumption. In 2022, globally, the country ranked 7th largest consumer of chocolate and 4th in Europe.
- Consumer Preference for different flavor profiles associated with innovative flavors in chocolate products is a major factor driving the market in the country. As of 2022, one in six people in the United Kingdom consumed chocolate every day, while only 5% of consumers in the country do not eat chocolate.
- Pricing is one of the crucial factors influencing the consumer’s chocolate buying behavior in the United Kingdom. Chocolates are available at various prices in the Country. In 2022, the retail price of average chocolate stood at USD 4, and higher-end chocolate ranged at more than 74.9.
- Consumers in the country prefer various types of chocolate bars, including milk chocolate and dark chocolate, due to the health benefits associated with it. In 2022, 67% of consumers in the United Kingdom opted for milk chocolate, 22% of consumers consumed dark chocolate, and just 11% preferred white chocolate.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Strong demand for nutritionally fortified chocolates propels the sales growth of the segment
Segment Analysis: Confectionery Variant
Milk and White Chocolate Segment in UK Chocolate Market
The milk and white chocolate segment dominates the UK chocolate market, accounting for approximately 79% of the total market volume in 2024. This significant chocolate market share is driven by the innovative flavor offerings possible in white chocolate and the widespread consumer preference for varied taste profiles in the country. Major brands like Cadbury Dairy Milk, which holds around 34% market share, have built strong consumer loyalty through their milk chocolate offerings. The segment's growth is supported by continuous product innovations, including the introduction of new flavored variants and premium offerings. Manufacturers are increasingly focusing on sustainable sourcing practices and ethical production methods to meet growing consumer demands for responsible consumption. The preference for milk chocolate remains particularly strong among younger consumers, while white chocolate continues to gain popularity in premium chocolate and artisanal chocolate product categories.

Dark Chocolate Segment in UK Chocolate Market
The dark chocolate market segment is experiencing robust growth in the UK chocolate market, with an expected growth rate of approximately 6% during 2024-2029. This accelerated growth is primarily driven by increasing consumer awareness of the health benefits associated with dark chocolate consumption, including its antioxidant properties and potential cardiovascular benefits. The segment's expansion is further supported by the rising trend of mindful eating and wellness-focused consumption patterns among UK consumers. Premium and artisanal chocolate manufacturers are capitalizing on this trend by introducing single-origin varieties and products with higher cocoa content. The segment is also benefiting from the growing demand for vegan and organic chocolate products, as dark chocolate naturally aligns with these dietary preferences. Manufacturers are increasingly focusing on innovative flavor combinations and premium packaging to attract health-conscious consumers.
Segment Analysis: Distribution Channel
Convenience Store Segment in UK Chocolate Market
The convenience store channel dominates the UK chocolate market, holding approximately 40% market share in 2024. This significant market position is attributed to the extensive network of over 47,000 convenience stores operating nationwide, offering easy access to both private label and mainstream retail chocolate brands. Major retail chains like Asda, Tesco, Sainsbury, Bestway, and Co-op Group have been expanding their convenience store footprint across the country. The segment's success is driven by strategic product placement, broader reach, and the increasing consumer preference for quick, accessible shopping options. Dark chocolate sales through convenience stores have shown particularly strong performance, reflecting growing consumer awareness of health benefits and premium chocolate options.
Online Retail Store Segment in UK Chocolate Market
The online retail channel is experiencing remarkable growth in the UK chocolate market, with an expected growth rate of approximately 6% between 2024 and 2029. This acceleration is primarily driven by the increasing adoption of e-commerce platforms and the growing presence of specialized online chocolate retailers. Notable platforms like Fazer Store, craftchocolate.shop, BritSuperstore, and Germanfoods.shop have established a strong digital presence, offering extensive chocolate product selections. The segment's growth is further supported by the high internet penetration rate in the UK, with 88% of consumers aged 16 to 74 actively engaging in online shopping. Premium and artisanal chocolate brands have particularly benefited from this channel, as it allows them to reach a broader consumer base while maintaining their premium positioning.
Remaining Segments in Distribution Channel
The supermarket/hypermarket and other distribution channels continue to play vital roles in the UK chocolate market. Supermarkets and hypermarkets leverage their large-scale retail shelves for strategic product positioning and impulse purchases, while offering competitive pricing through economies of scale. The 'others' category, which includes vending machines, specialist stores, drug stores, and warehouse clubs, serves specific consumer needs and occasions. Vending machines provide convenience for on-the-go purchases, particularly in high-traffic locations like railway stations and airports, while specialist stores cater to premium and artisanal chocolate enthusiasts with curated selections and personalized shopping experiences.
UK Chocolate Industry Overview
Top Companies in UK Chocolate Market
The UK chocolate market features prominent global players like Mondelez International, Mars Incorporated, Nestlé SA, Ferrero International, and Lindt & Sprüngli leading the competitive landscape. These chocolate companies in the UK are actively engaged in product innovations, particularly focusing on premium offerings, healthier alternatives, and sustainable sourcing practices. Operational agility is demonstrated through investments in chocolate manufacturing capabilities, with companies expanding production facilities and implementing advanced technologies. Strategic partnerships, especially in logistics and marketing communications, have become increasingly important for market penetration and distribution efficiency. Companies are also expanding their presence through both organic growth and strategic acquisitions, while simultaneously developing their digital capabilities to capture the growing online retail segment.
Global Giants Dominate Consolidated Market Structure
The UK chocolate market exhibits a highly consolidated structure dominated by multinational conglomerates with diverse product portfolios and established brand equity. These global players leverage their extensive research and development capabilities, sophisticated distribution networks, and economies of scale to maintain their chocolate market share. Local specialists and artisanal British chocolate companies, while present in the market, primarily operate in premium and niche segments, focusing on craft chocolate production and unique flavor innovations.
The market demonstrates limited merger and acquisition activity among major players, as the leading companies focus more on organic growth and strategic partnerships. Instead of traditional M&A, companies are increasingly investing in collaborative ventures, particularly in areas of sustainability, supply chain optimization, and digital transformation. The presence of well-established manufacturing facilities and strong brand loyalty creates significant barriers to entry for new players, further reinforcing the consolidated market structure.
Innovation and Sustainability Drive Future Growth
For incumbent players to maintain and expand their market share, focus on product innovation, particularly in premium and health-conscious segments, remains crucial. Companies need to strengthen their sustainability initiatives, including responsible sourcing of cocoa and environmentally friendly packaging solutions. Digital transformation, including e-commerce capabilities and direct-to-consumer channels, represents another key area for competitive advantage. Additionally, developing strong relationships with retailers and investing in marketing communications helps maintain brand visibility and consumer loyalty.
Contenders looking to gain ground in the market must focus on identifying and serving niche segments with unique value propositions. This includes developing innovative flavors, addressing specific dietary requirements, or targeting particular consumer demographics. The risk of substitution from alternative snacking options necessitates continuous product innovation and strong brand differentiation. While regulatory requirements, particularly regarding sugar content and sustainability practices, pose challenges, they also create opportunities for companies to differentiate themselves through compliance and proactive adoption of sustainable practices.
UK Chocolate Market Leaders
-
Chocoladefabriken Lindt & Sprüngli AG
-
Ferrero International SA
-
Mars Incorporated
-
Mondelēz International Inc.
-
Nestlé SA
- *Disclaimer: Major Players sorted in no particular order
UK Chocolate Market News
- March 2023: Whitakers Chocolates unveiled its investment in enhancing its printing process and flow wrapping capabilities as it expands its chocolate production focused on private label ranges. The company’s launch product is a 90-gram flow wrap square pack of dark chocolate Fondant Creams.
- October 2022: Barry Callebaut introduced the second generation of chocolate. By design, the second generation of chocolate puts ‘cocoa first, sugar last.’ Dark chocolate is only made from cocoa and sugar; milk chocolate contains dairy as well.
- February 2022: Nestlé unveiled new chocolates and sweets, including KitKat Biscoff Giant Egg and Aero Melts. Nestlé unveiled an array of new goodies for chocolate and sweet lovers that will land on UK shelves.
Free With This Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.
UK Chocolate Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Regulatory Framework
- 4.2 Consumer Buying Behavior
- 4.3 Ingredient Analysis
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
-
5.1 Confectionery Variant
- 5.1.1 Dark Chocolate
- 5.1.2 Milk and White Chocolate
-
5.2 Distribution Channel
- 5.2.1 Convenience Store
- 5.2.2 Online Retail Store
- 5.2.3 Supermarket/Hypermarket
- 5.2.4 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
6.4 Company Profiles
- 6.4.1 Artisan du Chocolat Ltd
- 6.4.2 Barry Callebaut AG
- 6.4.3 Charbonnel et Walker
- 6.4.4 Chocoladefabriken Lindt & Sprüngli AG
- 6.4.5 Ferrero International SA
- 6.4.6 Hotel Chocolat Group Plc
- 6.4.7 Land Chocolate Ltd
- 6.4.8 Mars Incorporated
- 6.4.9 Mondelēz International Inc.
- 6.4.10 Montezuma's Chocolates Ltd
- 6.4.11 Moo Free Ltd
- 6.4.12 Nestlé SA
- 6.4.13 Premier Chocolate Ltd
- 6.4.14 Whitakers Chocolates Ltd
- 6.4.15 Yıldız Holding AS
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
8. APPENDIX
-
8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF CONFECTIONERY MARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 2:
- VALUE OF CONFECTIONERY MARKET, USD, UNITED KINGDOM, 2018 - 2030
- Figure 3:
- VOLUME OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 4:
- VALUE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, USD, UNITED KINGDOM, 2018 - 2030
- Figure 5:
- VOLUME SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, UNITED KINGDOM, 2018 VS 2024 VS 2030
- Figure 6:
- VALUE SHARE OF CHOCOLATE MARKET BY CONFECTIONERY VARIANT, %, UNITED KINGDOM, 2018 VS 2024 VS 2030
- Figure 7:
- VOLUME OF DARK CHOCOLATE MARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 8:
- VALUE OF DARK CHOCOLATE MARKET, USD, UNITED KINGDOM, 2018 - 2030
- Figure 9:
- VALUE SHARE OF DARK CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2023 VS 2030
- Figure 10:
- VOLUME OF MILK AND WHITE CHOCOLATE MARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 11:
- VALUE OF MILK AND WHITE CHOCOLATE MARKET, USD, UNITED KINGDOM, 2018 - 2030
- Figure 12:
- VALUE SHARE OF MILK AND WHITE CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2023 VS 2030
- Figure 13:
- VOLUME OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 14:
- VALUE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, USD, UNITED KINGDOM, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2018 VS 2024 VS 2030
- Figure 16:
- VALUE SHARE OF CHOCOLATE MARKET BY DISTRIBUTION CHANNEL, %, UNITED KINGDOM, 2018 VS 2024 VS 2030
- Figure 17:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 18:
- VALUE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE, USD, UNITED KINGDOM, 2018 - 2030
- Figure 19:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030
- Figure 20:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 21:
- VALUE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE, USD, UNITED KINGDOM, 2018 - 2030
- Figure 22:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030
- Figure 23:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 24:
- VALUE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, UNITED KINGDOM, 2018 - 2030
- Figure 25:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030
- Figure 26:
- VOLUME OF CONFECTIONERY MARKET SOLD VIA OTHERS, METRIC TONNES, UNITED KINGDOM, 2018 - 2030
- Figure 27:
- VALUE OF CONFECTIONERY MARKET SOLD VIA OTHERS, USD, UNITED KINGDOM, 2018 - 2030
- Figure 28:
- VALUE SHARE OF CONFECTIONERY MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, UNITED KINGDOM, 2023 VS 2030
- Figure 29:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, UNITED KINGDOM, 2018 - 2023
- Figure 30:
- MOST ADOPTED STRATEGIES, COUNT, UNITED KINGDOM, 2018 - 2023
- Figure 31:
- VALUE SHARE OF MAJOR PLAYERS, %, UNITED KINGDOM
UK Chocolate Industry Segmentation
Dark Chocolate, Milk and White Chocolate are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel.Confectionery Variant | Dark Chocolate |
Milk and White Chocolate | |
Distribution Channel | Convenience Store |
Online Retail Store | |
Supermarket/Hypermarket | |
Others |
Market Definition
- Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
- Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
- Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
- Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword | Definition |
---|---|
Dark Chocolate | Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk. |
White Chocolate | White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent. |
Milk Chocolate | Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product. |
Hard Candy | A candy made of sugar and corn syrup boiled without crystallizing. |
Toffees | A hard, chewy, often brown sweet that is made from sugar boiled with butter. |
Nougats | A chewy or brittle candy containing almonds or other nuts and sometimes fruit. |
Cereal bar | A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup. |
Protein bar | Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats. |
Fruit & Nut bar | These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings. |
NCA | The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats. |
CGMP | Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies. |
Unstandardized foods | Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner. |
GI | The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time |
Skimmed milk powder | Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying. |
Flavanols | Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages. |
WPC | Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein. |
LDL | Low density Lipoprotein- the bad cholesterol |
HDL | High density Lipoprotein- the good cholesterol |
BHT | butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative. |
Carrageenan | Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks. |
Free form | Not containing certain ingredients, such as gluten, dairy, or sugar. |
Cocoa butter | It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery. |
Pastellies | A type of of Brazilian candy made from sugar, eggs, and milk. |
Draggees | Small, round candies that are coated with a hard sugar shell |
CHOPRABISCO | Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry. |
European Directive 2000/13 | A European Union directive that regulates the labeling of food products |
Kakao-Verordnung | The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany. |
FASFC | Federal Agency for the Safety of the Food Chain |
Pectin | A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture. |
Invert sugars | A type of sugar that is made up of glucose and fructose. |
Emulsifier | A substance that helps to mix to liquids that does not mix together. |
Anthocyanins | A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery. |
Functional Foods | Foods that have been modified to provide additional health benefits beyond basic nutrition. |
Kosher certificate | This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law |
Chicory root extract | A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate |
RDD | Recommended daily dose |
Gummies | A chewy gelatin-based candy that is often flavored with fruit. |
Nutraceuticals | Food or dietary supplements that are claimed to have health benefits. |
Energy bars | Snack bars that are high in carbohydrates and calories are designed to provide energy on the go. |
BFSO | Belgian Food Safety Organization for the food chain. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms