Market Overview
| Study Period | 2017 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 1.01 Billion |
| Market Size (2030) | USD 1.19 Billion |
| Growth Rate (2025 - 2030) | 3.53% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Canada Feed Additives Market Analysis by Mordor Intelligence
The Canada feed additives market size stands at USD 1.01 billion in 2025 and is forecast to reach USD 1.19 billion by 2030, expanding at a CAGR of 3.53%. Steady growth is underpinned by the Canadian Food Inspection Agency (CFIA) Feeds Regulations 2024, which streamlines approvals for innovative inputs while keeping strict safety guardrails[1]Source: Canadian Food Inspection Agency, “Feeds Regulations 2024,” inspection.canada.ca. Heightened demand for amino-acid balancing, wider use of acidifiers as antibiotic alternatives, and an expanding aquaculture base in Atlantic Canada collectively lift volume demand. Federal clean-technology grants further encourage methane-cutting solutions, prompting dairy and beef operators to test products like 3-nitrooxypropanol. At the same time, supply-chain vulnerability for imported amino acids and vitamins encourages domestic valorization of brewery grains, recycled maple syrup, and insect proteins. Competitive differentiation increasingly hinges on digital precision-feeding platforms able to match additive inclusion with real-time animal performance.
Key Report Takeaways
- By additive, amino acids led with 17.5% of Canada feed additives market share in 2024, while acidifiers are projected to expand at a 5.01% CAGR through 2030.
- By animal, swine accounted for 37.7% of the Canada feed additives market size in 2024, whereas poultry is poised for the fastest growth at 3.78% CAGR to 2030.
Canada Feed Additives Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising demand for functional proteins in animal diets | +0.8% | National, with a concentration in Ontario and Quebec livestock operations | Medium term (2-4 years) |
| Ban on antibiotic growth promoters boosting alternative additives | +0.9% | National, with early adoption in Quebec dairy operations | Short term (≤ 2 years) |
| Expansion of aquaculture in Atlantic Canada | +0.4% | Atlantic Canada, with spillover to feed manufacturing in Central Canada | Long term (≥ 4 years) |
| Adoption of precision-feeding digital platforms by large integrators | +0.6% | National, with early gains in Prairie grain-livestock operations | Medium term (2-4 years) |
| Valorization of brewery grains into yeast-rich additives | +0.3% | National, concentrated in brewery-dense regions of Ontario and Quebec | Long term (≥ 4 years) |
| Federal clean-tech funding for methane-cutting feed innovations | +0.5% | National, with emphasis on dairy-intensive regions | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Rising Demand for Functional Proteins in Animal Diets
Canadian livestock producers aim to tighten feed conversion efficiency as input costs climb and labor remains scarce. Tailored amino-acid profiles limit nitrogen excretion and comply with tougher emission caps, notably in Manitoba, where precision lysine and methionine dosing is gaining traction[2]Source: Animal Nutrition Association of Canada, “ANAC Warns of US Tariff Impacts on Feed Ingredients,” anac.ca. Carbon-pricing signals amplify the incentive because every incremental gain in protein utilization reduces methane and nitrous oxide intensity. Import dependence, however, exposes cost exposures that further reinforce the case for fine-tuned formulations. Together, these forces lift demand for high-purity amino-acid blends, peptide concentrates, and functional soy proteins across swine, poultry, and aquaculture channels.
Ban on Antibiotic Growth Promoters Boosting Alternative Additives
Quebec’s restrictions on Category 1 antimicrobials triggered industry-wide shifts toward acidifiers, phytogenics, and prebiotics. The regulation helped cut multidrug-resistant E. coli prevalence. Producers now pair organic acids with essential-oil blends to sustain growth rates without antibiotics, while veterinarians emphasize vaccination and dry-cow therapy. The Canadian Food Inspection Agency's (CFIA’s) updated feed framework accelerates market entry for such alternatives, driving product-development pipelines to center on antimicrobial-free efficacy.
Expansion of Aquaculture in Atlantic Canada
Atlantic salmon farms deliver USD 234.6 million (CAD 312.8 million) in annual exports and operate 86 licensed sites in New Brunswick[3]Source: Government of New Brunswick, “Aquaculture Statistics,” gnb.ca. Rising biomass lifts demand for astaxanthin, omega-3 concentrates, and pathogen-control agents formulated for cold-water species. Nova Scotia’s growing kelp sector, worth USD 28.5 million in potential yearly receipts, stimulates interest in seaweed-derived binders and prebiotics. Frequent disease-related losses, such as the USD 5 million fish mortality at Sustainable Blue in 2023, underscore the value of health-supporting additives in recirculating systems. The development of alternative feed ingredients, including black soldier fly larvae and microalgae, positions Atlantic Canada as a testing ground for next-generation aquaculture nutrition solutions.
Adoption of Precision-Feeding Digital Platforms by Large Integrators
Investors funneled USD 15 million into BinSentry in 2024 to scale IoT sensors that track on-farm feed inventories. Similar pilots within the Pan-Canadian Smart Farm Network show real-time additive adjustments lifting feed-conversion ratios by 5-8%. Early adopters among Prairie swine and cattle operations gain cost visibility and traceability advantages, setting a performance benchmark that smaller herds struggle to match. The technology's adoption accelerates in larger operations where data collection infrastructure and technical expertise support implementation, creating a competitive advantage that may pressure smaller producers to consolidate or adopt similar systems.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Price volatility of key amino acid imports | -0.6% | National, with particular impact on Prairie livestock operations | Short term (≤ 2 years) |
| Supply-chain disruptions in vitamin premixes | -0.4% | National, affecting all livestock sectors | Short term (≤ 2 years) |
| Low adoption among small ruminant farmers | -0.2% | National, concentrated in sheep and goat operations | Long term (≥ 4 years) |
| Tightening organic-label rules limiting synthetic antioxidants | -0.3% | National, with emphasis on organic-certified operations | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Price Volatility of Key Amino Acid Imports
Lysine and methionine prices swung during 2024 as energy markets tightened and Asian producers trimmed output. Canadian buyers face added currency risk and cross-border tariff uncertainty, as highlighted by the Animal Nutrition Association of Canada. Small and medium-sized feed manufacturers lack the purchasing power and storage capacity to hedge against price volatility, forcing them to either absorb costs or pass them to livestock producers already facing margin pressure. The situation is exacerbated by limited domestic amino acid production capacity, with most Canadian facilities focused on downstream feed manufacturing rather than raw material production.
Supply-Chain Disruptions in Vitamin Premixes
Vitamin A and E shortages emerged in 2024 when a U.S. supplier’s plant outage collided with rail congestion in the Pacific corridor. Dairy and poultry integrators scrambled for substitutions, leading to ration adjustments and localized production dips. The incident exposed over-reliance on a narrow set of import channels, prompting calls for domestic micro-encapsulation capacity but adding near-term uncertainty to inclusion planning.
Segment Analysis
By Additive: Amino Acids Retain Leadership while Acidifiers Gain Pace
Amino acids captured 17.5% of the Canada feed additives market share in 2024. Lysine and methionine dominate within the category, driven by swine and poultry growers in Ontario and Quebec that benchmark feed-conversion ratios against United States peers. Cost pass-through pressures in 2025 sustain careful dose optimization, and precision formulating tools reinforce demand for crystalline amino-acid concentrates. Enzyme pairs such as phytase-carbohydrase combos score traction across Prairie wheat-based rations that otherwise exhibit lower phosphorus availability.
Acidifiers expand at a forecast 5.01% CAGR through 2030 as the preferred antibiotic-free growth promoter. Organic acid blends featuring fumaric, lactic, and formic acids simultaneously lower gut pH and suppress pathogenic loads, positioning them as versatile across swine starter feeds and broiler finisher diets. Within specialty lanes, phytogenics infused with thymol or carvacrol compete on organoleptic benefits, yet remain a niche until pricing aligns. Yeast-based additives produced from brewery-spent grain advance circular-economy goals and provide low-cost protein fractions that displace a share of imported soybean meal.
Note: Segment shares of all individual segments available upon report purchase
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By Animal: Swine Dominates while Poultry Shows Fastest Expansion
Swine operations held 37.7% of the Canada feed additives market size in 2024, translating to nearly USD 380 million in additive spending across grow-finish barns. Strict odor and nutrient-management rules in Ontario and Quebec drive usage of amino acids, enzymes, and acidifiers to minimize nitrogen and phosphorus excretion. Canadian pork packers further reward farms documenting reduced antimicrobial use, prompting continuous reformulation toward organic acids, probiotics, and copper chelates.
Poultry leads growth, advancing at a 3.78% CAGR to 2030 as broiler output scales in the Prairies and Atlantic Canada. High feed-density recipes incorporate xylanase and beta-mannanase to unlock energy from wheat and barley. Producers add synbiotic blends that combine probiotics with chicory-based prebiotics to sustain gut integrity under tighter stocking densities. Dairy and beef cattle follow, with DSM-Firmenich’s 3-nitrooxypropanol now available commercially to curb enteric emissions while delivering feed-efficiency gains. Aquaculture remains small in absolute value but posts double-digit additive intensity per ton of feed due to pigment and omega-3 enrichment needs unique to salmonids.
Note: Segment shares of all individual segments available upon report purchase
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
Geography Analysis
Ontario and Quebec together account for a majority share of the Canada feed additives market, supported by dense swine and dairy populations and proximity to Saint Lawrence and Great Lakes ports that simplify amino-acid and vitamin imports. Large integrators in these provinces adopt precision-feeding software early, leveraging broadband connectivity and established veterinary advisory networks to fine-tune nutrient delivery. The Canadian Food Inspection Agency's (CFIA) headquarters location in Ottawa accelerates dialogue on novel single-ingredient approvals, enabling regional mills to commercialize recycled maple-syrup and yeast derivative products faster than out-of-province rivals.
The Prairie corridor of Alberta, Saskatchewan, and Manitoba represents the primary growth frontier. Abundant grain supplies favor domestic enzyme and yeast production hubs that lower feed ingredient freight costs. Alberta’s sizable cattle feedlots participate in methane-reduction pilots funded under federal clean-tech grants, fostering on-farm trials of nitrates, tannins, and 3-nitrooxypropanol. Saskatchewan’s extension service disseminates Vitamin A and E supplementation guidelines suited to long winter housing periods. Manitoba contributes crop-generated mycotoxin data layers to smart-farm dashboards that trigger real-time toxin-binder inclusion adjustments.
Atlantic Canada, though smaller in land-based livestock, exhibits the highest additive spend per kilogram of biomass due to salmon aquaculture’s specialized nutrient demands. New Brunswick operations refine pigment levels to meet Japanese sashimi coloration standards, and Nova Scotia kelp farms supply local seaweed meals for experimental grow-out diets. Logistics limitations tied to Atlantic Canada’s scattered rural roads incentivize modular feed-mill designs with on-site acidifier dosing systems.
Competitive Landscape
Market concentration is moderate. Archer Daniels Midland Co., DSM-Firmenich, Elanco Animal Health Inc., IFF(Danisco Animal Nutrition), and Evonik Industries AG form the top tier, each holding broad additive portfolios and vertically integrated grain origination to buffer ingredient price swings. Their combined share is estimated at 55%, grounded in long-term supply contracts with multi-species integrators. Multinationals deploy regulatory teams fluent in CFIA dossiers, granting first-mover advantage when novel ingredients such as post-biotic yeast extracts gain clearance.
Mid-tier challengers differentiate through technology or niche biology. Jefo Nutrition packages micro-encapsulated acidifier blends that survive pelleting temperatures, while Nutreco’s Selko brand coordinates data capture platforms that pair additive inclusion with milk-carbon auditing. Local innovators leverage federal and provincial grants to unlock coproduct streams; Camlin Fine Sciences’ acquisition of Vitafor for EUR 1 (USD 1.08) delivered distribution reach for natural antioxidant lines well positioned for organic-label demand.
Insect-protein producers mark the newest wave of disruption. Entosystem and Oberland convert municipal and food-processing waste into black-soldier-fly larvae rich in lauric acid, a natural antimicrobial. Early life-stage trials in broilers and trout show inclusion rates of 4-6% delivering equal or improved feed conversion relative to fishmeal. Scaling capacity and achieving CFIA ingredient recognition remain the next competitive hurdles.
Canada Feed Additives Industry Leaders
-
Elanco Animal Health Inc.
-
Evonik Industries AG
-
IFF(Danisco Animal Nutrition)
-
DSM-Firmenich
-
Archer Daniels Midland Co.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Recent Industry Developments
- October 2024: Entosystem secured CAD 58 million (USD 78.3 million) in Series C funding to scale black-soldier-fly larvae output to 36,000 metric tons of waste capacity and 3,500 metric tons of insect protein.
- June 2024: CFIA issued Feeds Regulations 2024, embedding “single-ingredient feeds by reference” and expediting recycled maple-syrup approvals for livestock energy feeds.
- May 2024: HealthTech Bioactives partnered with Abolis Biotechnologies to create polyphenol antioxidants via precision fermentation for Canadian distribution.
Canada Feed Additives Market Report Scope
Acidifiers, Amino Acids, Antibiotics, Antioxidants, Binders, Enzymes, Flavors & Sweeteners, Minerals, Mycotoxin Detoxifiers, Phytogenics, Pigments, Prebiotics, Probiotics, Vitamins, Yeast are covered as segments by Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal.
Additive
| Acidifiers | By Sub Additive | Fumaric Acid |
| Lactic Acid | ||
| Propionic Acid | ||
| Other Acidifiers | ||
| Amino Acids | By Sub Additive | Lysine |
| Methionine | ||
| Threonine | ||
| Tryptophan | ||
| Other Amino Acids | ||
| Antibiotics | By Sub Additive | Bacitracin |
| Penicillins | ||
| Tetracyclines | ||
| Tylosin | ||
| Other Antibiotics | ||
| Antioxidants | By Sub Additive | Butylated Hydroxyanisole (BHA) |
| Butylated Hydroxytoluene (BHT) | ||
| Citric Acid | ||
| Ethoxyquin | ||
| Propyl Gallate | ||
| Tocopherols | ||
| Other Antioxidants | ||
| Binders | By Sub Additive | Natural Binders |
| Synthetic Binders | ||
| Enzymes | By Sub Additive | Carbohydrases |
| Phytases | ||
| Other Enzymes | ||
| Flavors and Sweeteners | By Sub Additive | Flavors |
| Sweeteners | ||
| Minerals | By Sub Additive | Macrominerals |
| Microminerals | ||
| Mycotoxin Detoxifiers | By Sub Additive | Binders |
| Biotransformers | ||
| Phytogenics | By Sub Additive | Essential Oil |
| Herbs and Spices | ||
| Other Phytogenics | ||
| Pigments | By Sub Additive | Carotenoids |
| Curcumin and Spirulina | ||
| Prebiotics | By Sub Additive | Fructo Oligosaccharides |
| Galacto Oligosaccharides | ||
| Inulin | ||
| Lactulose | ||
| Mannan Oligosaccharides | ||
| Xylo Oligosaccharides | ||
| Other Prebiotics | ||
| Probiotics | By Sub Additive | Bifidobacteria |
| Enterococcus | ||
| Lactobacilli | ||
| Pediococcus | ||
| Streptococcus | ||
| Other Probiotics | ||
| Vitamins | By Sub Additive | Vitamin A |
| Vitamin B | ||
| Vitamin C | ||
| Vitamin E | ||
| Other Vitamins | ||
| Yeast | By Sub Additive | Live Yeast |
| Selenium Yeast | ||
| Spent Yeast | ||
| Torula Dried Yeast | ||
| Whey Yeast | ||
| Yeast Derivatives |
Animal
| Aquaculture | By Sub Animal | Fish |
| Shrimp | ||
| Other Aquaculture Species | ||
| Poultry | By Sub Animal | Broiler |
| Layer | ||
| Other Poultry Birds | ||
| Ruminants | By Sub Animal | Beef Cattle |
| Dairy Cattle | ||
| Other Ruminants | ||
| Swine | ||
| Other Animals |
| Additive | Acidifiers | By Sub Additive | Fumaric Acid |
| Lactic Acid | |||
| Propionic Acid | |||
| Other Acidifiers | |||
| Amino Acids | By Sub Additive | Lysine | |
| Methionine | |||
| Threonine | |||
| Tryptophan | |||
| Other Amino Acids | |||
| Antibiotics | By Sub Additive | Bacitracin | |
| Penicillins | |||
| Tetracyclines | |||
| Tylosin | |||
| Other Antibiotics | |||
| Antioxidants | By Sub Additive | Butylated Hydroxyanisole (BHA) | |
| Butylated Hydroxytoluene (BHT) | |||
| Citric Acid | |||
| Ethoxyquin | |||
| Propyl Gallate | |||
| Tocopherols | |||
| Other Antioxidants | |||
| Binders | By Sub Additive | Natural Binders | |
| Synthetic Binders | |||
| Enzymes | By Sub Additive | Carbohydrases | |
| Phytases | |||
| Other Enzymes | |||
| Flavors and Sweeteners | By Sub Additive | Flavors | |
| Sweeteners | |||
| Minerals | By Sub Additive | Macrominerals | |
| Microminerals | |||
| Mycotoxin Detoxifiers | By Sub Additive | Binders | |
| Biotransformers | |||
| Phytogenics | By Sub Additive | Essential Oil | |
| Herbs and Spices | |||
| Other Phytogenics | |||
| Pigments | By Sub Additive | Carotenoids | |
| Curcumin and Spirulina | |||
| Prebiotics | By Sub Additive | Fructo Oligosaccharides | |
| Galacto Oligosaccharides | |||
| Inulin | |||
| Lactulose | |||
| Mannan Oligosaccharides | |||
| Xylo Oligosaccharides | |||
| Other Prebiotics | |||
| Probiotics | By Sub Additive | Bifidobacteria | |
| Enterococcus | |||
| Lactobacilli | |||
| Pediococcus | |||
| Streptococcus | |||
| Other Probiotics | |||
| Vitamins | By Sub Additive | Vitamin A | |
| Vitamin B | |||
| Vitamin C | |||
| Vitamin E | |||
| Other Vitamins | |||
| Yeast | By Sub Additive | Live Yeast | |
| Selenium Yeast | |||
| Spent Yeast | |||
| Torula Dried Yeast | |||
| Whey Yeast | |||
| Yeast Derivatives | |||
| Animal | Aquaculture | By Sub Animal | Fish |
| Shrimp | |||
| Other Aquaculture Species | |||
| Poultry | By Sub Animal | Broiler | |
| Layer | |||
| Other Poultry Birds | |||
| Ruminants | By Sub Animal | Beef Cattle | |
| Dairy Cattle | |||
| Other Ruminants | |||
| Swine | |||
| Other Animals | |||
Need A Different Region or Segment?
Customize Now
Market Definition
- FUNCTIONS - For the study, feed additives are considered to be commercially manufactured products that are used to enhance characteristics such as weight gain, feed conversion ratio, and feed intake when fed in appropriate proportions.
- RESELLERS - Companies engaged in reselling feed additives without value addition have been excluded from the market scope, to avoid double counting.
- END CONSUMERS - Compound feed manufacturers are considered to be end-consumers in the market studied. The scope excludes farmers buying feed additives to be used directly as supplements or premixes.
- INTERNAL COMPANY CONSUMPTION - Companies engaged in the production of compound feed as well as the manufacturing of feed additives are part of the study. However, while estimating the market sizes, the internal consumption of feed additives by such companies has been excluded.
| Keyword | Definition |
|---|---|
| Feed additives | Feed additives are products used in animal nutrition for purposes of improving the quality of feed and the quality of food from animal origin, or to improve the animals’ performance and health. |
| Probiotics | Probiotics are microorganisms introduced into the body for their beneficial qualities. (It maintains or restores beneficial bacteria to the gut). |
| Antibiotics | Antibiotic is a drug that is specifically used to inhibit the growth of bacteria. |
| Prebiotics | A non-digestible food ingredient that promotes the growth of beneficial microorganisms in the intestines. |
| Antioxidants | Antioxidants are compounds that inhibit oxidation, a chemical reaction that produces free radicals. |
| Phytogenics | Phytogenics are a group of natural and non-antibiotic growth promoters derived from herbs, spices, essential oils, and oleoresins. |
| Vitamins | Vitamins are organic compounds, which are required for normal growth and maintenance of the body. |
| Metabolism | A chemical process that occurs within a living organism in order to maintain life. |
| Amino acids | Amino acids are the building blocks of proteins and play an important role in metabolic pathways. |
| Enzymes | Enzyme is a substance that acts as a catalyst to bring about a specific biochemical reaction. |
| Anti-microbial resistance | The ability of a microorganism to resist the effects of an antimicrobial agent. |
| Anti-microbial | Destroying or inhibiting the growth of microorganisms. |
| Osmotic balance | It is a process of maintaining salt and water balance across membranes within the body's fluids. |
| Bacteriocin | Bacteriocins are the toxins produced by bacteria to inhibit the growth of similar or closely related bacterial strains. |
| Biohydrogenation | It is a process that occurs in the rumen of an animal in which bacteria convert unsaturated fatty acids (USFA) to saturated fatty acids (SFA). |
| Oxidative rancidity | It is a reaction of fatty acids with oxygen, which generally causes unpleasant odors in animals. To prevent these, antioxidants were added. |
| Mycotoxicosis | Any condition or disease caused by fungal toxins, mainly due to contamination of animal feed with mycotoxins. |
| Mycotoxins | Mycotoxins are toxin compounds that are naturally produced by certain types of molds (fungi). |
| Feed Probiotics | Microbial feed supplements positively affect gastrointestinal microbial balance. |
| Probiotic yeast | Feed yeast (single-cell fungi) and other fungi used as probiotics. |
| Feed enzymes | They are used to supplement digestive enzymes in an animal’s stomach to break down food. Enzymes also ensure that meat and egg production is improved. |
| Mycotoxin detoxifiers | They are used to prevent fungal growth and to stop any harmful mold from being absorbed in the gut and blood. |
| Feed antibiotics | They are used both for the prevention and treatment of diseases but also for rapid growth and development. |
| Feed antioxidants | They are used to protect the deterioration of other feed nutrients in the feed such as fats, vitamins, pigments, and flavoring agents, thus providing nutrient security to the animals. |
| Feed phytogenics | Phytogenics are natural substances, added to livestock feed to promote growth, aid in digestion, and act as anti-microbial agents. |
| Feed vitamins | They are used to maintain the normal physiological function and normal growth and development of animals. |
| Feed flavors and sweetners | These flavors and sweeteners help to mask tastes and odors during changes in additives or medications and make them ideal for animal diets undergoing transition. |
| Feed acidifiers | Animal feed acidifiers are organic acids incorporated into the feed for nutritional or preservative purposes. Acidifiers enhance congestion and microbiological balance in the alimentary and digestive tracts of livestock. |
| Feed minerals | Feed minerals play an important role in the regular dietary requirements of animal feed. |
| Feed binders | Feed binders are the binding agents used in the manufacture of safe animal feed products. It enhances the taste of food and prolongs the storage period of the feed. |
| Key Terms | Abbreviation |
| LSDV | Lumpy Skin Disease Virus |
| ASF | African Swine Fever |
| GPA | Growth Promoter Antibiotics |
| NSP | Non-Starch Polysaccharides |
| PUFA | Polyunsaturated Fatty Acid |
| Afs | Aflatoxins |
| AGP | Antibiotic Growth Promoters |
| FAO | The Food And Agriculture Organization of the United Nations |
| USDA | The United States Department of Agriculture |
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.
- 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
