Crystalline fructose is a processed sweetener derived from corn that is almost entirely fructose. It can also be made from sucrose by splitting the fructose and glucose molecules. Crystalline fructose consists of at least 98% pure fructose, any remainder being water and trace minerals. It is used as a sweetener in the likes of beverages and yogurts, where it substitutes for high-fructose corn syrup and table sugar. Crystalline fructose is estimated to be about 20 percent sweeter than table sugar, and 5% sweeter than HFCS.
USA is the largest market with about 24% market share. Followed by Europe, accounting for about 21% market share.
The key players are Tate & Lyle, ADM, GALAM, DANISCO, Gadot, Xiwang Group, Hebei Huaxu, Spring Young etc. Top 3 companies occupied about 57% sales market share.
The global Crystalline Fructose market was valued at US$ 616 million in 2020 and is expected to reach US$ 818.4 million by the end of 2029, growing at a CAGR of 4.2% during 2021-2029.
This report focuses on Crystalline Fructose volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Crystalline Fructose market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
Global Crystalline Fructose Market: Segment Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2016 to 2029. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Starch Hydrolysis
Sucrose Hydrolysis
Segment by Application
Food
Beverage
Pharmaceutical
Cosmetics
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
Tate & Lyle
ADM
GALAM
DANISCO
Gadot
Xiwang Group
Hebei Huaxu
Spring Young
1 Crystalline Fructose Market Overview
1.1 Product Overview and Scope of Crystalline Fructose
1.2 Crystalline Fructose Segment by Type
1.2.1 Global Crystalline Fructose Sales Growth Rate Comparison by Type (2021-2029)
1.2.2 Starch Hydrolysis
1.2.3 Sucrose Hydrolysis
1.3 Crystalline Fructose Segment by Application
1.3.1 Global Crystalline Fructose Sales Comparison by Application: (2021-2029)
1.3.2 Food
1.3.3 Beverage
1.3.4 Pharmaceutical
1.3.5 Cosmetics
1.3.6 Others
1.4 Global Crystalline Fructose Market Size Estimates and Forecasts
1.4.1 Global Crystalline Fructose Revenue 2016-2029
1.4.2 Global Crystalline Fructose Sales 2016-2029
1.4.3 Crystalline Fructose Market Size by Region: 2016 Versus 2021 Versus 2029
2 Crystalline Fructose Market Competition by Manufacturers
2.1 Global Crystalline Fructose Sales Market Share by Manufacturers (2016-2021)
2.2 Global Crystalline Fructose Revenue Market Share by Manufacturers (2016-2021)
2.3 Global Crystalline Fructose Average Price by Manufacturers (2016-2021)
2.4 Manufacturers Crystalline Fructose Manufacturing Sites, Area Served, Product Type
2.5 Crystalline Fructose Market Competitive Situation and Trends
2.5.1 Crystalline Fructose Market Concentration Rate
2.5.2 The Global Top 5 and Top 10 Largest Crystalline Fructose Players Market Share by Revenue
2.5.3 Global Crystalline Fructose Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.6 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Crystalline Fructose Retrospective Market Scenario by Region
3.1 Global Crystalline Fructose Retrospective Market Scenario in Sales by Region: 2016-2021
3.2 Global Crystalline Fructose Retrospective Market Scenario in Revenue by Region: 2016-2021
3.3 North America Crystalline Fructose Market Facts & Figures by Country
3.3.1 North America Crystalline Fructose Sales by Country
3.3.2 North America Crystalline Fructose Revenue by Country
3.3.3 U.S.
3.3.4 Canada
3.4 Europe Crystalline Fructose Market Facts & Figures by Country
3.4.1 Europe Crystalline Fructose Sales by Country
3.4.2 Europe Crystalline Fructose Revenue by Country
3.4.3 Germany
3.4.4 France
3.4.5 U.K.
3.4.6 Italy
3.4.7 Russia
3.5 Asia Pacific Crystalline Fructose Market Facts & Figures by Region
3.5.1 Asia Pacific Crystalline Fructose Sales by Region
3.5.2 Asia Pacific Crystalline Fructose Revenue by Region
3.5.3 China
3.5.4 Japan
3.5.5 South Korea
3.5.6 India
3.5.7 Australia
3.5.8 Taiwan
3.5.9 Indonesia
3.5.10 Thailand
3.5.11 Malaysia
3.5.12 Philippines
3.5.13 Vietnam
3.6 Latin America Crystalline Fructose Market Facts & Figures by Country
3.6.1 Latin America Crystalline Fructose Sales by Country
3.6.2 Latin America Crystalline Fructose Revenue by Country
3.6.3 Mexico
3.6.4 Brazil
3.6.5 Argentina
3.7 Middle East and Africa Crystalline Fructose Market Facts & Figures by Country
3.7.1 Middle East and Africa Crystalline Fructose Sales by Country
3.7.2 Middle East and Africa Crystalline Fructose Revenue by Country
3.7.3 Turkey
3.7.4 Saudi Arabia
3.7.5 U.A.E
4 Global Crystalline Fructose Historic Market Analysis by Type
4.1 Global Crystalline Fructose Sales Market Share by Type (2016-2021)
4.2 Global Crystalline Fructose Revenue Market Share by Type (2016-2021)
4.3 Global Crystalline Fructose Price by Type (2016-2021)
5 Global Crystalline Fructose Historic Market Analysis by Application
5.1 Global Crystalline Fructose Sales Market Share by Application (2016-2021)
5.2 Global Crystalline Fructose Revenue Market Share by Application (2016-2021)
5.3 Global Crystalline Fructose Price by Application (2016-2021)
6 Key Companies Profiled
6.1 Tate & Lyle
6.1.1 Tate & Lyle Corporation Information
6.1.2 Tate & Lyle Description and Business Overview
6.1.3 Tate & Lyle Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.1.4 Tate & Lyle Crystalline Fructose Product Portfolio
6.1.5 Tate & Lyle Recent Developments/Updates
6.2 ADM
6.2.1 ADM Corporation Information
6.2.2 ADM Description and Business Overview
6.2.3 ADM Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.2.4 ADM Crystalline Fructose Product Portfolio
6.2.5 ADM Recent Developments/Updates
6.3 GALAM
6.3.1 GALAM Corporation Information
6.3.2 GALAM Description and Business Overview
6.3.3 GALAM Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.3.4 GALAM Crystalline Fructose Product Portfolio
6.3.5 GALAM Recent Developments/Updates
6.4 DANISCO
6.4.1 DANISCO Corporation Information
6.4.2 DANISCO Description and Business Overview
6.4.3 DANISCO Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.4.4 DANISCO Crystalline Fructose Product Portfolio
6.4.5 DANISCO Recent Developments/Updates
6.5 Gadot
6.5.1 Gadot Corporation Information
6.5.2 Gadot Description and Business Overview
6.5.3 Gadot Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.5.4 Gadot Crystalline Fructose Product Portfolio
6.5.5 Gadot Recent Developments/Updates
6.6 Xiwang Group
6.6.1 Xiwang Group Corporation Information
6.6.2 Xiwang Group Description and Business Overview
6.6.3 Xiwang Group Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.6.4 Xiwang Group Crystalline Fructose Product Portfolio
6.6.5 Xiwang Group Recent Developments/Updates
6.7 Hebei Huaxu
6.6.1 Hebei Huaxu Corporation Information
6.6.2 Hebei Huaxu Description and Business Overview
6.6.3 Hebei Huaxu Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.4.4 Hebei Huaxu Crystalline Fructose Product Portfolio
6.7.5 Hebei Huaxu Recent Developments/Updates
6.8 Spring Young
6.8.1 Spring Young Corporation Information
6.8.2 Spring Young Description and Business Overview
6.8.3 Spring Young Crystalline Fructose Sales, Revenue and Gross Margin (2016-2021)
6.8.4 Spring Young Crystalline Fructose Product Portfolio
6.8.5 Spring Young Recent Developments/Updates
7 Crystalline Fructose Manufacturing Cost Analysis
7.1 Crystalline Fructose Key Raw Materials Analysis
7.1.1 Key Raw Materials
7.1.2 Key Suppliers of Raw Materials
7.2 Proportion of Manufacturing Cost Structure
7.3 Manufacturing Process Analysis of Crystalline Fructose
7.4 Crystalline Fructose Industrial Chain Analysis
8 Marketing Channel, Distributors and Customers
8.1 Marketing Channel
8.2 Crystalline Fructose Distributors List
8.3 Crystalline Fructose Customers
9 Crystalline Fructose Market Dynamics
9.1 Crystalline Fructose Industry Trends
9.2 Crystalline Fructose Growth Drivers
9.3 Crystalline Fructose Market Challenges
9.4 Crystalline Fructose Market Restraints
10 Global Market Forecast
10.1 Crystalline Fructose Market Estimates and Projections by Type
10.1.1 Global Forecasted Sales of Crystalline Fructose by Type (2022-2029)
10.1.2 Global Forecasted Revenue of Crystalline Fructose by Type (2022-2029)
10.2 Crystalline Fructose Market Estimates and Projections by Application
10.2.1 Global Forecasted Sales of Crystalline Fructose by Application (2022-2029)
10.2.2 Global Forecasted Revenue of Crystalline Fructose by Application (2022-2029)
10.3 Crystalline Fructose Market Estimates and Projections by Region
10.3.1 Global Forecasted Sales of Crystalline Fructose by Region (2022-2029)
10.3.2 Global Forecasted Revenue of Crystalline Fructose by Region (2022-2029)
11 Research Finding and Conclusion
12 Methodology and Data Source
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Author List
12.4 Disclaimer
List of Tables
Table 1. Global Crystalline Fructose Sales (K MT) Growth Rate Comparison by Type (2021-2029)
Table 2. Global Crystalline Fructose Sales (K MT) Comparison by Application (2021-2029)
Table 3. Global Crystalline Fructose Market Size by Region (US$ Million) (2016 VS 2021 VS 2029)
Table 4. Key Manufacturers Crystalline Fructose Covered in This Study
Table 5. Global Crystalline Fructose Sales (K MT) of Key Manufacturers (2016-2021)
Table 6. Global Crystalline Fructose Sales Market Share by Manufacturers (2016-2021)
Table 7. Global Crystalline Fructose Revenue (US$ Million) by Manufacturers (2016-2021)
Table 8. Global Crystalline Fructose Revenue Share by Manufacturers (2016-2021)
Table 9. Global Market Crystalline Fructose Average Price (USD/MT) of Key Manufacturers (2016-2021)
Table 10. Manufacturers Crystalline Fructose Manufacturing Sites and Area Served
Table 11. Manufacturers Crystalline Fructose Product Type
Table 12. Global Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 13. Global Crystalline Fructose by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Crystalline Fructose as of 2020)
Table 14. Manufacturers Mergers & Acquisitions, Expansion Plans
Table 15. Global Crystalline Fructose Sales by Region (2016-2021) & (K MT)
Table 16. Global Crystalline Fructose Sales Market Share by Region (2016-2021)
Table 17. Global Crystalline Fructose Revenue by Region (2016-2021) & (US$ Million)
Table 18. North America Crystalline Fructose Sales by Country (2016-2021) & (K MT)
Table 19. North America Crystalline Fructose Sales Market Share by Country (2016-2021)
Table 20. North America Crystalline Fructose Revenue by Country (2016-2021) & (US$ Million)
Table 21. North America Crystalline Fructose Revenue Market Share by Country (2016-2021)
Table 22. Europe Crystalline Fructose Sales by Country (2016-2021) & (K MT)
Table 23. Europe Crystalline Fructose Sales Market Share by Country (2016-2021)
Table 24. Europe Crystalline Fructose Revenue by Country (2016-2021) & (US$ Million)
Table 25. Europe Crystalline Fructose Revenue Market Share by Country (2016-2021)
Table 26. Asia Pacific Crystalline Fructose Sales by Region (2016-2021) & (K MT)
Table 27. Asia Pacific Crystalline Fructose Sales Market Share by Region (2016-2021)
Table 28. Asia Pacific Crystalline Fructose Revenue by Region (2016-2021) & (US$ Million)
Table 29. Asia Pacific Crystalline Fructose Revenue Market Share by Region (2016-2021)
Table 30. Latin America Crystalline Fructose Sales by Country (2016-2021) & (K MT)
Table 31. Latin America Crystalline Fructose Sales Market Share by Country (2016-2021)
Table 32. Latin America Crystalline Fructose Revenue by Country (2016-2021) & (US$ Million)
Table 33. Latin America Crystalline Fructose Revenue Market Share by Country (2016-2021)
Table 34. Middle East and Africa Crystalline Fructose Sales by Country (2016-2021) & (K MT)
Table 35. Middle East and Africa Crystalline Fructose Sales Market Share by Country (2016-2021)
Table 36. Middle East and Africa Crystalline Fructose Revenue by Country (2016-2021) & (US$ Million)
Table 37. Middle East and Africa Crystalline Fructose Revenue Market Share by Country (2016-2021)
Table 38. Global Crystalline Fructose Sales (K MT) by Type (2016-2021)
Table 39. Global Crystalline Fructose Sales Market Share by Type (2016-2021)
Table 40. Global Crystalline Fructose Revenue (Million US$) by Type (2016-2021)
Table 41. Global Crystalline Fructose Revenue Share by Type (2016-2021)
Table 42. Global Crystalline Fructose Price (USD/MT) by Type (2016-2021)
Table 43. Global Crystalline Fructose Sales (K MT) by Application (2016-2021)
Table 44. Global Crystalline Fructose Sales Market Share by Application (2016-2021)
Table 45. Global Crystalline Fructose Revenue (Million US$) by Application (2016-2021)
Table 46. Global Crystalline Fructose Revenue Share by Application (2016-2021)
Table 47. Global Crystalline Fructose Price (USD/MT) by Application (2016-2021)
Table 48. Tate & Lyle Corporation Information
Table 49. Tate & Lyle Description and Business Overview
Table 50. Tate & Lyle Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 51. Tate & Lyle Crystalline Fructose Product
Table 52. Tate & Lyle Recent Developments/Updates
Table 53. ADM Corporation Information
Table 54. ADM Description and Business Overview
Table 55. ADM Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 56. ADM Crystalline Fructose Product
Table 57. ADM Recent Developments/Updates
Table 58. GALAM Corporation Information
Table 59. GALAM Description and Business Overview
Table 60. GALAM Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 61. GALAM Crystalline Fructose Product
Table 62. GALAM Recent Developments/Updates
Table 63. DANISCO Corporation Information
Table 64. DANISCO Description and Business Overview
Table 65. DANISCO Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 66. DANISCO Crystalline Fructose Product
Table 67. DANISCO Recent Developments/Updates
Table 68. Gadot Corporation Information
Table 69. Gadot Description and Business Overview
Table 70. Gadot Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 71. Gadot Crystalline Fructose Product
Table 72. Gadot Recent Developments/Updates
Table 73. Xiwang Group Corporation Information
Table 74. Xiwang Group Description and Business Overview
Table 75. Xiwang Group Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 76. Xiwang Group Crystalline Fructose Product
Table 77. Xiwang Group Recent Developments/Updates
Table 78. Hebei Huaxu Corporation Information
Table 79. Hebei Huaxu Description and Business Overview
Table 80. Hebei Huaxu Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 81. Hebei Huaxu Crystalline Fructose Product
Table 82. Hebei Huaxu Recent Developments/Updates
Table 83. Spring Young Corporation Information
Table 84. Spring Young Description and Business Overview
Table 85. Spring Young Crystalline Fructose Sales (K MT), Revenue (Million US$), Price (USD/MT) and Gross Margin (2016-2021)
Table 86. Spring Young Crystalline Fructose Product
Table 87. Spring Young Recent Developments/Updates
Table 88. Production Base and Market Concentration Rate of Raw Material
Table 89. Key Suppliers of Raw Materials
Table 90. Crystalline Fructose Distributors List
Table 91. Crystalline Fructose Customers List
Table 92. Crystalline Fructose Market Trends
Table 93. Crystalline Fructose Growth Drivers
Table 94. Crystalline Fructose Market Challenges
Table 95. Crystalline Fructose Market Restraints
Table 96. Global Crystalline Fructose Sales Forecast by Type (2022-2029) & (K MT)
Table 97. Global Crystalline Fructose Sales Market Share Forecast by Type (2022-2029)
Table 98. Global Crystalline Fructose Revenue Forecast by Type (2022-2029) & (US$ Million)
Table 99. Global Crystalline Fructose Revenue Market Share Forecast by Type (2022-2029)
Table 100. Global Crystalline Fructose Sales Forecast by Application (2022-2029) & (K MT)
Table 101. Global Crystalline Fructose Sales Market Share Forecast by Application (2022-2029)
Table 102. Global Crystalline Fructose Revenue Forecast by Application (2022-2029) & (US$ Million)
Table 103. Global Crystalline Fructose Revenue Market Share Forecast by Application (2022-2029)
Table 104. Global Crystalline Fructose Sales Forecast by Region (2022-2029) & (K MT)
Table 105. Global Crystalline Fructose Sales Market Share Forecast by Region (2022-2029)
Table 106. Global Crystalline Fructose Revenue Forecast by Region (2022-2029) & (US$ Million)
Table 107. Global Crystalline Fructose Revenue Market Share Forecast by Region (2022-2029)
Table 108. Research Programs/Design for This Report
Table 109. Key Data Information from Secondary Sources
Table 110. Key Data Information from Primary Sources
List of Figures
Figure 1. Product Picture of Crystalline Fructose
Figure 2. Global Crystalline Fructose Market Share by Type in 2020 & 2029
Figure 3. Starch Hydrolysis Product Picture
Figure 4. Sucrose Hydrolysis Product Picture
Figure 5. Global Crystalline Fructose Market Share by Application in 2020 & 2029
Figure 6. Food
Figure 7. Beverage
Figure 8. Pharmaceutical
Figure 9. Cosmetics
Figure 10. Others
Figure 11. Global Crystalline Fructose Revenue, (US$ Million), 2016 VS 2021 VS 2029
Figure 12. Global Crystalline Fructose Market Size 2016-2029 (US$ Million)
Figure 13. Global Crystalline Fructose Sales 2016-2029 (K MT)
Figure 14. Global Crystalline Fructose Market Size Market Share by Region: 2016 VS 20210 VS 2029
Figure 15. Crystalline Fructose Sales Share by Manufacturers in 2020
Figure 16. Global Crystalline Fructose Revenue Share by Manufacturers in 2020
Figure 17. The Global 5 and 10 Largest Crystalline Fructose Players: Market Share by Revenue in 2020
Figure 18. Crystalline Fructose Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2016 VS 2021
Figure 19. Global Crystalline Fructose Sales Market Share by Region (2016-2021)
Figure 20. Global Crystalline Fructose Sales Market Share by Region in 2020
Figure 21. Global Crystalline Fructose Revenue Market Share by Region (2016-2021)
Figure 22. Global Crystalline Fructose Revenue Market Share by Region in 2020
Figure 23. U.S. Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 24. Canada Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 25. Germany Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 26. France Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 27. U.K. Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 28. Italy Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 29. Russia Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 30. China Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 31. Japan Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 32. South Korea Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 33. India Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 34. Australia Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 35. Taiwan Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 36. Indonesia Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 37. Thailand Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 38. Malaysia Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 39. Philippines Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 40. Vietnam Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 41. Mexico Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 42. Brazil Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 43. Argentina Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 44. Turkey Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 45. Saudi Arabia Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 46. U.A.E Crystalline Fructose Revenue Growth Rate (2016-2021) (US$ Million)
Figure 47. Sales Market Share of Crystalline Fructose by Type (2016-2021)
Figure 48. Sales Market Share of Crystalline Fructose by Application (2016-2021)
Figure 49. Sales Market Share of Crystalline Fructose by Application in 2020
Figure 50. Revenue Share of Crystalline Fructose by Application (2016-2021)
Figure 51. Revenue Share of Crystalline Fructose by Application in 2020
Figure 52. Manufacturing Cost Structure of Crystalline Fructose
Figure 53. Manufacturing Process Analysis of Crystalline Fructose
Figure 54. Crystalline Fructose Industrial Chain Analysis
Figure 55. Channels of Distribution
Figure 56. Distributors Profiles
Figure 57. Bottom-up and Top-down Approaches for This Report
Figure 58. Data Triangulation
Figure 59. Key Executives Interviewed
The research methodology employed by VICResearch has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of VICResearch. VICResearch’s methodology can be divided into five stages:
Stage 1: Secondary research
The research team first works with magazines, industry trade group, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Stage 2: Primary research: interviews with trade sources
After the first stage, the research team conducts large number of face-to-face or telephone interviews with the representative companies operating in the research field. The analysts attempt to obtain a chance to talk with leading players in the field as well as with small companies. The upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers are all included in the interviews. The data gathered during the interview is then carefully checked and compared with the secondary research.
Stage 3: Analysis of the gathered data
The analysis team checks and synthesizes the data gathered during the first two stages. To validate the data, a second series of interviews can be conducted.
Stage 4: Quantitative data
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by VICResearch. The data is based on the estimates obtained during stage 3.
The research team also provides appreciation and analysis of the market and the quantitative data contained in the reports. The data is consequently unique to VICResearch.
Stage 5: Quality control
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the VICResearch’s internal quality process.
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