Fish Products Market – Insights

Fish products are consumed all over the world as it is one of the major sources of high quality proteins. According to the World Health Organization (WHO), more than one billion people depend on fish and fish products as their primary source of proteins. Fish is processed into various food and non-food products. Fish products are segmented into fish oil, fish meal, and others. The consumption of fish products is increasing globally owing to various benefits of these products. In addition to being a rich source of proteins, fish products also contain iodine and zinc, which has led to an increase in consumption of these product. Countries such as Portugal and Japan are witnessing an increase in the consumption of ready-to-eat and processed fish products. The main application of fish products are food, feed, pharmaceuticals and others.

The global fish market was pegged at 177.70 million tons in 2018 and is expected to exhibit a CAGR of 3.2% in terms of volume over the forecast period (2019 – 2027), and expected to reach 228.25 million tons by 2027.

Figure 1. Global Fish Products Market Share (%), By Region, 2018

Fish Products  | Coherent Market Insights

Source: Coherent Market Insights, 2017-18

Asia Pacific held the largest market share of 38.5% by volume in the global fish products market in 2018. This is attributed to increasing population which is propelling growth of the fish products market in this region. For instance, according to the United Nations report published in June 2019, Indian population is likely to grow at a faster pace, adding 273 million people by 2050. India is also projected to overtake China as the most populous country in the world by 2027.

Asia Pacific is the fastest growing region in the global fish products market owing to increasing demand from countries such as China and India. According to the World Health Organization, major countries from Asia Pacific have exhibited a double digit volume growth in the aquaculture market.

Among product type, fish oil segment accounted for a volume share of 81.5% in the global fish product market in 2018. For instance, according to the International Fishmeal and Fish Oil Organization, fish oil is one of the main sources of omega-3 fatty acids, EPA and DHA and its use in fish products ensures a protein healthy product for consumption.

In terms of application, food segment is expected to witness the fastest growth during the forecast period (2019-2027) due to higher demand for fermented fish products. According to National Research Council (US), countries in Asia Pacific are inclined towards using fermented fish products, as fermented fish products can overcome the perishable nature of these products. Consumers are attracted towards such products owing to characteristics of the products such as aroma, texture, and flavor.

In developed economies, higher priced fish products such as tuna, salmon, shrimp, and prawns are mainly exported. Moreover, fisheries are also engaged in diversifying their product range by expanding their presence in the aquaculture sector.

According to the food and agricultural organization (U.S), the country contributing to highest growth of the global fish product market is Peru, and the output of fish oil and fish meal in Peru rose from 735,000 tons in 2017 to 141,000 tons in 2018. In Peru, in the two fishing seasons, the total allowable catch accounted for 5.42 million tons.

In addition to this, during 2018, the double digit increase in production of fishmeal was also observed in countries such as Chile and the U.S., accounting for 371,800 and 342,500 tons, respectively.

70% of the fishmeal and fish oil products are derived from captured whole fish, and the rest from by-products of aquaculture. Moreover, the percentage of by-products would increase owing to its increased availability.

The non-tariff trade barriers play a major role in determining market access for fish and fishery products. Strategic business decisions with regards to export of unprocessed fish products are taken after considering the tariffs. The major barrier in increasing the trade exports among emerging economies is the lack of adherence to safety and quality related import requirements.

Major player’s operating in the fish products market include Omega Protein Corporation, FMC Corporation, Corpesca S.A., TripleNine Group A/S, Colpex International, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V, TASA, American Marine Ingredients, Croda Inc., GC Rieber Oils, and Pelagia.

Fish products are a major source of proteins, iodine and zinc. Major types of fish products include fish oil and fishmeal. Other fish products include fermented fish, fish sauce, and fish emulsions. Fish oil is used as a flavoring agent in the food industry and as a main ingredient for manufacturing Omega-3 fatty acid supplements. Fish meal is mainly used in aquaculture and animal feed (pigs, chicken, etc.).

The use of fish oil in the pharmaceutical industry is expected to facilitate growth of the fish products market globally. Fish oil is very helpful in regulating cardiovascular functioning and reduce the risk of heart disease. Moreover, regulatory agencies such as the FDA also promote the use of fish oil in manufacturing drugs. For instance, in November 2019, USFDA (United States Food and Drug Administration) backed the advisory panel of USFDA that recommended the use of 'Vescepa' – a fish oil based drug manufactured by Amarin PLC.

Market Dynamics

Among applications, the food segment is expected to witness the fastest growth over the forecast period, owing to increasing demand for fermented fish, fish oil, and fish sauce. According to a research published in the Journal of Ethnic Foods (2015), there is wide demand for fermented fish among the adult population in North European countries such as Sweden, Norway, and Iceland.

Among the product type, fish oil segment accounted for the largest market share followed by fish meal. Increasing use of fish oil for drug manufacturing is driving growth of the global fish product market. Fish oil helps in reducing inflammation, increasing cardiovascular activity and reducing risk of heart disease. According to an article published on Harvard Health blog on July 2019, due to numerous health benefits of using fish oil as a daily supplement, over US$ 1 billion are spent in the U.S. on fish oil supplements.

The use of fishmeal as feed for aquatic animals is driving demand for fish products in the aquaculture sector. According to a research conducted by the University of Florida, fishmeal contains high energy per unit weight and is mainly used as feed for fish and shrimps in aquaculture industry. The increasing demand for fishmeal is met by countries like Peru, Chile, China, U.S, and Thailand.

Key features of the study:

  • This report provides in-depth analysis of fish products market, market size (US$ Billion and Million Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global fish products market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Omega Protein Corporation, FMC Corporation, Corpesca S.A., TripleNine Group A/S, Colpex International, FF Skagen A/S, Pesquera Diamante S.A., Marvesa Holding N.V, TASA, American Marine Ingredients, Croda Inc., GC Rieber Oils, and Pelagia
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global fish products market report caters to various stakeholders in this industry including investors, suppliers, fish products manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global fish products market

Detailed Segmentation:

  • Global Fish products Market, By Product Type:
    • Fish Oil
    • Fish Meal
    • Others (Fish Sauce, Fermented Fish, etc.)
  • Global Fish products Market, By Application:
    • Food
    • Feed
    • Pharmaceutical
    • Others (Fertilizer, etc.)
  • Global Fish products Market, By Region:
    • North America
      • U.S.
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Canada
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
    • Europe
      • U.K.
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Germany
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Italy
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • France
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Russia
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Rest of Europe
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
    • Asia Pacific
      • China
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • India
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Japan
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • ASEAN
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Australia
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • South Korea
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Rest of Asia Pacific
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
    • Latin America
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Mexico
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Rest of Latin America
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
    • Middle East
      • GCC
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Israel
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Rest of Middle East
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
    • Africa
      • North Africa
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Central Africa
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • South Africa
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
      • Rest of Africa
        • By Product Type:
          • Fish Oil
          • Fish Meal
          • Others (Fish Sauce, Fermented Fish, etc.)
        • By Application:
          • Food
          • Feed
          • Pharmaceutical
          • Others (Fertilizer, etc.)
  • Company Profiles
    • Omega Protein Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • FMC Corporation
    • Corpesca S.A.
    • TripleNine Group A/S
    • Colpex International
    • FF Skagen A/S
    • Pesquera Diamante S.A.
    • Marvesa Holding N.V.
    • TASA, American Marine Ingredients
    • Croda Inc.
    • GC Rieber Oils
    • Pelagia

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
  4. Global Fish Products Market, By Product Type, 2017 - 2027 (US$ Billion & Million Tons)
    • Introduction
      • Market Share Analysis, 2018 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
    • Fish Oil
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion & Million Tons)
    • Fishmeal
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion & Million Tons)
    • Others (Fish Sauce, Fermented Fish, etc.)
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2019 - 2027, (US$ Billion & Million Tons)
  5. Global Fish Products Market, By Application, 2017 - 2027 (US$ Billion & Million Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2019 - 2027
      • Segment Trends
        • Food
        • Feed
        • Pharmaceutical
        • Others (Fertilizer, etc.)
  6. Global Fish Products Market, By Region, 2017- 2027 (US$ Billion & Million Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2019 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • France
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
          •  
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
    • Middle East
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
    • Africa
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2019 - 2027
        • North Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
        • Rest of Africa
          • Country Trends
          • Market Size and Forecast, By Product Type, 2017- 2027 (US$ Billion & Million Tons)
          • Market Size and Forecast, By Application, 2017- 2027 (US$ Billion & Million Tons)
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Omega Protein Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FMC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Corpesca S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • TripleNine Group A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Colpex International
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FF Skagen A/S
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Pesquera Diamante S.A.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Marvesa Holding N.V.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • TASA, American Marine Ingredients
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Croda Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • GC Rieber Oils
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Pelagia
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 35 market data tables* and 24 figures* on "Fish Products Market" - Global forecast to 2027.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users