United States Processed Pork Meat Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2029 |
|
Market Size (2024) | USD 4.93 Billion |
|
|
Market Size (2029) | USD 5.56 Billion |
|
Largest Share by Distribution Channel | On-Trade |
|
|
CAGR (2024 - 2029) | 2.44 % |
|
|
Fastest Growing by Distribution Channel | Off-Trade |
|
|
Market Concentration | Medium |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in alphabetical order. |
United States Processed Pork Meat Market Analysis
The United States Processed Pork Meat Market size is estimated at 4.93 billion USD in 2024, and is expected to reach 5.56 billion USD by 2029, growing at a CAGR of 2.44% during the forecast period (2024-2029).
4.93 Billion
Market Size in 2024 (USD)
5.56 Billion
Market Size in 2029 (USD)
4.80 %
CAGR (2017-2023)
2.44 %
CAGR (2024-2029)
Largest Segment by Distribution Channel
53.22 %
value share, On-Trade, 2023
The increasing number of restaurants and the varieties of pork items are attracting more consumers to on-trade channels in the United States.
Fastest-growing Segment by Distribution Channel
3.30 %
Projected CAGR, Off-Trade, 2024-2029
The availability of a wide range of products with several brand options for processed pork and the ease of free checkout and delivery options are aiding the market's growth.
Leading Market Player
17.34 %
market share, Tyson Foods Inc., 2022
An extensive range of product offerings that include processed meat and the brand-conscious consumers of the country support Tyson's domination over the market studied.
Second Leading Market Player
8.50 %
market share, JBS SA, 2022
The company offers more than 10 types of processed pork items made through sustainable methods. It has been implementing various strategies, like new product launches.
Third Leading Market Player
7.88 %
market share, WH Group Limited, 2022
The company provides a wide range of processed pork items to the retail and foodservice sectors, and it has deployed its technology across pork processing facilities.
The incorporation of advanced technologies is improving the shopping experience, thereby increasing sales in off-trade channels
- On-trade dominates the distribution channel for processed pork meat by value. The consumption of pork meat increased through the on-trade channel, accounting for around 15 kg per year. Restaurants and foodservices offer processed pork in the form of deli meats, cooked ham, and rolls with additional flavors and smooth texture, attracting consumer interest. As of 2022, there were more than 45,000 Chinese restaurants across the United States, and pork is an integral part of the menu in Cantonese restaurants, including Pork Chops and Char Siu.
- The off-trade channel is expected to be the fastest-growing distribution channel and register a CAGR of 3.33% by value during the forecast period (2023-2029). Doorstep delivery of processed pork products and easy ordering options, along with the rising demand for processed pork products, are encouraging the use of online channels and supermarkets/hypermarkets. The consumption of processed pork is increasing, as US consumers who prefer beef and fowl are now eating more pork than ever due to its lower price, which is more than 50% less than the beef price per kg.
- Online grocery customers in the United States prefer click-and-collect over home delivery as their preferred fulfillment option. Customers viewed 4.4 times more products, including processed meat products, and spent six times more time on internet sites in 2022, making online grocery channels the fastest-growing. During the forecast period, the online channel is expected to record a CAGR of 18.22% in terms of value. However, modern supermarket technologies such as free checkout, artificial intelligence, and auto-billing with clean-label meat goods are projected to boost the total demand for red meat through the off-trade channel.
Understand The Key Trends Shaping This Market
Download PDF
United States Processed Pork Meat Market Trends
Increased domestic production is driving market growth
- Globally, the United States is the third-largest pork producer. It is also the leading pork producer in the region, accounting for around 75% of the region's pork production in 2022. Pork production in the country has a substantial impact on the US economy. About 140 million market hogs are raised on the 66,000 pig farms in the United States each year, the vast majority of which are family-run, and nearly 27 billion pounds of pork are produced by the hundreds of packing facilities. Hog and pork farming supports more than 610,000 employees and more than USD 57 billion in GDP through value-added activity. Pork production is expected to expand as a result of US hog growers' greater supply of pork meat due to higher farm-level productivity.
- In 2021, more than 66,000 pork producers sold over 140 million hogs worth more than USD 28 billion in gross cash revenue. However, hog production rose from 59.11 million heads in 2000 to 74.15 million heads in December 2021, including 68.02 million market hogs and 6.12 million breeding hogs. About 93% of the hogs in the United States are raised on farms with 2,000 or more hogs, whereas only 7% are raised on farms with fewer than 2,000 animals. Family farms account for 96% of all hog farms and 80% of hog inventories in the United States.
- Despite the declining herd population, hogs slaughtered from January 2021 to May 2021 were up by 1.39 million heads or 2.6% compared to the same period the previous year. Pork production was up by as much as 3.2% to 5.3 million. However, due to the pandemic, there were numerous slaughterhouse closures or capacity restrictions in the United States.
Understand The Key Trends Shaping This Market
Download PDF
Inflation is expected to affect the prices of pork in the country
- In the United States, pork prices grew by 11.74% between 2017 and 2022 due to rising labor expenses across the pork supply chain, supply bottlenecks, and delays. Other issues included a 2.5% decrease in hog packing capacity as a result of a federal court decision prohibiting faster harvesting line speeds, an increase of 23.9% in total costs, a 35.5% increase in feed costs, and, most critically, a labor scarcity that hampered productivity and increased salaries.
- Pork production slightly went down by 2% in 2022. Imports grew by 20%, while exports declined by 9% in the same year. Thus, the per capita pork supply was 0.3 pounds more in 2022 than in 2021. However, the high price of pork in 2022 compared to the previous year was mainly due to the effect of inflation. In October 2022, the retail price of pork averaged USD 5.047 per pound, an increase of 23.1 cents from the previous year. In November 2021, the high average for retail pork was around USD 4.823 per pound.
- The price of pork in the country is expected to stay stable in the coming years, although the domestic supply of pork is anticipated to expand. Compared to around USD 67/cwt in 2021, the average price on a live equivalent basis was USD 71/cwt in 2022, which was anticipated to stay relatively stable at about USD 71/cwt in 2023. Domestic production was expected to increase by 1% in 2023 compared to 2022 due to the consistently rising pig harvests and higher animal weights. Due to a drop in demand from important importers like Mexico and China, US exports were projected to decline in 2023. These factors may coalesce to stability in pork prices in the next few years.
Understand The Key Trends Shaping This Market
Download PDF
United States Processed Pork Meat Industry Overview
The United States Processed Pork Meat Market is moderately consolidated, with the top five companies occupying 44.62%. The major players in this market are JBS SA, Marfrig Global Foods SA, Sysco Corporation, Tyson Foods Inc. and WH Group Limited (sorted alphabetically).
United States Processed Pork Meat Market Leaders
JBS SA
Marfrig Global Foods SA
Sysco Corporation
Tyson Foods Inc.
WH Group Limited
Other important companies include BRF SA, Hormel Foods Corporation, Johnsonville LLC, Marcangelo Foods Inc., NH Foods Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
Need More Details on Market Players and Competitors?
Download PDF
United States Processed Pork Meat Market News
- May 2023: Tyson Foods Claryville announced its newly expanded cocktail sausage manufacturing capacity, allowing the company to meet high customer demand for its Hillshire Farm brand products. This USD 83 million expansion will add 15,000 square feet to its 342,000 square foot facility and state-of-the-art equipment to increase production by 50% to better serve customers.
- April 2023: Hormel Foods Corporation's HERDEZ® brand announced the launch of its HERDEZ™ Mexican Refrigerated Entrées line with two delicious varieties, including HERDEZ™ Chicken Shredded in Mild Chipotle Sauce and HERDEZ™ Carnitas Slow Cooked Pork.
- April 2023: Swift Prepared Food, a subsidiary of JBS USA, launched Principe Foods, which produces high-quality Italian meats and charcuterie.
Free with this Report
We offer a comprehensive and exhaustive set of data pointers. These cover global, regional, and country-level metrics that illustrate the fundamentals of the meat and meat substitutes industry. Clients can access in-depth market analysis through 45+ free charts. This analysis is based on the production of various meat and seafood types, as well as the prices of meat, meat substitutes, and different seafood types. We provide granular-level segmental information, supported by a repository of market data, trends, and expert analysis. Data and analysis on meat types, seafood types, meat substitute types, forms, distribution channels, and more are available. These are provided in the form of comprehensive reports as well as Excel-based data worksheets.
United States Processed Pork Meat Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Price Trends
2.1.1. Pork
2.2. Production Trends
2.2.1. Pork
2.3. Regulatory Framework
2.3.1. United States
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2029 and analysis of growth prospects)
3.1. Distribution Channel
3.1.1. Off-Trade
3.1.1.1. Convenience Stores
3.1.1.2. Online Channel
3.1.1.3. Supermarkets and Hypermarkets
3.1.1.4. Others
3.1.2. On-Trade
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
4.4.1. BRF SA
4.4.2. Hormel Foods Corporation
4.4.3. JBS SA
4.4.4. Johnsonville LLC
4.4.5. Marcangelo Foods Inc.
4.4.6. Marfrig Global Foods SA
4.4.7. NH Foods Ltd
4.4.8. Sysco Corporation
4.4.9. Tyson Foods Inc.
4.4.10. WH Group Limited
5. KEY STRATEGIC QUESTIONS FOR MEAT INDUSTRY CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- PORK PRICE PER METRIC TON, USD, UNITED STATES, 2017 - 2023
- Figure 2:
- PORK PRODUCTION, METRIC TON, UNITED STATES, 2017 - 2029
- Figure 3:
- VOLUME OF PROCESSED PORK MEAT MARKET, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 4:
- VALUE OF PROCESSED PORK MEAT MARKET, USD, UNITED STATES, 2017 - 2029
- Figure 5:
- VOLUME OF PROCESSED PORK MEAT MARKET BY DISTRIBUTION CHANNEL, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 6:
- VALUE OF PROCESSED PORK MEAT MARKET BY DISTRIBUTION CHANNEL, USD, UNITED STATES, 2017 - 2029
- Figure 7:
- VOLUME SHARE OF PROCESSED PORK MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 8:
- VALUE SHARE OF PROCESSED PORK MEAT MARKET SPLIT BY DISTRIBUTION CHANNEL, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 9:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA OFF-TRADE, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 10:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA OFF-TRADE, USD, UNITED STATES, 2017 - 2029
- Figure 11:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 12:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA OFF-TRADE CHANNELS, %, UNITED STATES, 2017 VS 2023 VS 2029
- Figure 13:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA CONVENIENCE STORES, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 14:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA CONVENIENCE STORES, USD, UNITED STATES, 2017 - 2029
- Figure 15:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA ONLINE CHANNEL, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 16:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA ONLINE CHANNEL, USD, UNITED STATES, 2017 - 2029
- Figure 17:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 18:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA SUPERMARKETS AND HYPERMARKETS, USD, UNITED STATES, 2017 - 2029
- Figure 19:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA OTHERS, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 20:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA OTHERS, USD, UNITED STATES, 2017 - 2029
- Figure 21:
- VOLUME OF PROCESSED PORK MEAT MARKET SOLD VIA ON-TRADE, METRIC TONS, UNITED STATES, 2017 - 2029
- Figure 22:
- VALUE OF PROCESSED PORK MEAT MARKET SOLD VIA ON-TRADE, USD, UNITED STATES, 2017 - 2029
- Figure 23:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, UNITED STATES, 2020 - 2023
- Figure 24:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2020 - 2023
- Figure 25:
- VALUE SHARE OF MAJOR PLAYERS, %, UNITED STATES, 2022
United States Processed Pork Meat Industry Segmentation
Off-Trade, On-Trade are covered as segments by Distribution Channel.
- On-trade dominates the distribution channel for processed pork meat by value. The consumption of pork meat increased through the on-trade channel, accounting for around 15 kg per year. Restaurants and foodservices offer processed pork in the form of deli meats, cooked ham, and rolls with additional flavors and smooth texture, attracting consumer interest. As of 2022, there were more than 45,000 Chinese restaurants across the United States, and pork is an integral part of the menu in Cantonese restaurants, including Pork Chops and Char Siu.
- The off-trade channel is expected to be the fastest-growing distribution channel and register a CAGR of 3.33% by value during the forecast period (2023-2029). Doorstep delivery of processed pork products and easy ordering options, along with the rising demand for processed pork products, are encouraging the use of online channels and supermarkets/hypermarkets. The consumption of processed pork is increasing, as US consumers who prefer beef and fowl are now eating more pork than ever due to its lower price, which is more than 50% less than the beef price per kg.
- Online grocery customers in the United States prefer click-and-collect over home delivery as their preferred fulfillment option. Customers viewed 4.4 times more products, including processed meat products, and spent six times more time on internet sites in 2022, making online grocery channels the fastest-growing. During the forecast period, the online channel is expected to record a CAGR of 18.22% in terms of value. However, modern supermarket technologies such as free checkout, artificial intelligence, and auto-billing with clean-label meat goods are projected to boost the total demand for red meat through the off-trade channel.
| Distribution Channel | ||||||
| ||||||
| On-Trade |
Need A Different Region Or Segment?
Customize Now
Market Definition
- Meat - Meat is defined as the flesh or other edible parts of an animal used for food. The end use of the meat industry consists of only human consumption. Meat is generally purchased from retail outlets for home cooking and consumption. For the market studied, only uncooked meat has been considered. This could be processed in various forms, which have been covered under the “Processed” form. The other purchases of meat happen through the consumption of meat at foodservice outlets (restaurants, hotels, catering, etc.).
- Other Meats - The other meat segment includes the meat of camel, horse, rabbit, etc. These are not so commonly consumed meat types but still, have a presence in distinct parts of the world. Regardless of it being part of red meat, we have considered these meat types separately for a better understanding of the market.
- Poultry Meat - Poultry meat also called white meat, comes from birds raised commercially or domestically for human consumption. This includes chicken, turkey, ducks, and geese.
- Red Meat - Red meat typically has a red color when raw and a dark color when cooked. It includes any meat that comes from mammals, such as beef, lamb, pork, goat, veal, and mutton.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
Need More Details on Market Definition?
Ask a Question
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.
Get More Details On Research Methodology
Download PDF
80% of our clients seek made-to-order reports. How do you want us to tailor yours?
