Saudi Arabia Poultry Meat Market Analysis by Mordor Intelligence
The Saudi poultry market size stood at USD 5.30 billion in 2025 and is forecast to reach USD 6.91 billion by 2030, advancing at a 1.79% CAGR over the period. Robust public-sector funding, Vision 2030 food-security mandates, and accelerating private investment anchor the medium-term expansion outlook. The Agricultural Development Fund now finances up to 70% of qualified projects, spurring capacity scale-ups such as Balady’s SAR 1.1 billion program to process 500,000 birds daily[1]Source: Saudi Poultry, “Baladi Poultry Announces Expansion Plan with Investments of 1.13 Billion SAR", saudipoultry.net. Technology adoption is deepening; Tanmiah’s AI-enabled farms and Almarai’s fully automated Ha’il plant raise output per bird while trimming mortality rates. Meanwhile, enhanced halal certification, volatile global feed prices, and import competition from Brazilian processors create a dynamic risk-reward landscape that favors vertically integrated incumbents able to control inputs and compliance.
Key Report Takeaways
- By form, fresh/chilled products led with 53.28% of the Saudi poultry market share in 2024, while processed poultry is projected to expand at a 9.17% CAGR to 2030.
- By distribution channel, supermarkets and hypermarkets accounted for 47.94% of sales in 2024; online channels registered the fastest growth at an 8.68% CAGR through 2030.
Saudi Arabia Poultry Meat Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Vision 2030 subsidies and investment incentives | +1.8% | Saudi Arabia, with spillover to Gulf Cooperation Council | Long term (≥ 4 years) |
| Rising population and per-capita poultry intake | +1.2% | Saudi Arabia, concentrated in urban centers | Medium term (2-4 years) |
| Expansion of modern retail and e-commerce | +0.9% | Saudi Arabia, led by Riyadh, Jeddah, Dammam | Short term (≤ 2 years) |
| Halal-certified fresh poultry preference | +0.7% | Global Muslim markets, anchored in Saudi Arabia | Medium term (2-4 years) |
| Private-label OEM opportunities | +0.5% | Saudi Arabia, extending to regional export markets | Medium term (2-4 years) |
| AI-enabled mega-broiler efficiency gains | +0.3% | Saudi Arabia, pilot implementations in major facilities | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Vision 2030 subsidies and investment incentives
Vision 2030's SAR 17 billion allocation to poultry development represents the Kingdom's most aggressive food security investment, targeting 90% self-sufficiency by 2030 from current 72% levels. The Agricultural Development Fund now covers 70% of project costs for poultry facilities, with additional incentives for organic and sustainable production methods[2]Source: Agricultural Development Fund, "Modern Techniques", adf.gov.sa. The program's strategic focus on technology integration and environmental sustainability creates competitive advantages for domestic producers while establishing Saudi Arabia as a regional poultry hub. SFDA's parallel investment in unified electronic systems for registration, licensing, and inspection streamlines regulatory compliance, reducing time-to-market for new facilities and product innovations.
Rising population and per-capita poultry intake
Saudi Arabia's population growth, coupled with increasing per-capita poultry consumption driven by urbanization and dietary shifts, creates sustained demand expansion beyond traditional market dynamics. The Kingdom's middle-class expansion, supported by Vision 2030's economic diversification, drives preference for premium poultry products, including organic, free-range, and value-added processed options. This demographic transition coincides with changing consumption patterns, with 79% of Saudi consumers regularly purchasing private-label products, creating opportunities for domestic producers to capture higher margins through direct retail partnerships[4]Source: The Saudi Food Show, "Unlocking Success in Saudi Arabia’s Grocery Retail Landscape", thesaudifoodshow.com. The trend accelerates as younger consumers prioritize convenience and quality, driving demand for ready-to-cook marinated products and premium fresh poultry that align with health-conscious lifestyles. Government nutrition awareness campaigns further support poultry consumption as a lean protein source, reinforcing long-term demand stability.
Expansion of modern retail and e-commerce
Modern retail infrastructure and e-commerce platforms are rapidly reshaping poultry distribution, with online food delivery markets experiencing robust growth. Major retailers are making significant moves: Spinneys aims to grow its operations to 12 stores by 2028, and Circle K has set its sights on establishing 300 convenience stores within the next 5 years. These expansions are creating extensive distribution networks for both fresh and processed poultry products. Such infrastructure developments pave the way for direct-to-consumer sales models, slashing intermediary costs and boosting profit margins for producers. Furthermore, the fusion of cold-chain logistics with IoT sensors and AI-driven inventory management not only guarantees product quality but also broadens the geographic reach to areas that were previously underserved.
Halal-certified fresh poultry preference
SFDA's enhanced halal certification requirements through the Saudi Halal Center platform establish stringent quality standards that favor domestic producers while creating barriers for international competitors. The mandatory certification for all poultry imports and processed products, effective October 2024, requires exclusive approval from SFDA-recognized bodies, strengthening domestic market protection. This regulatory framework extends beyond compliance to encompass slaughter methods, processing standards, and supply chain traceability, creating competitive advantages for producers with integrated operations. The global halal food market's expansion provides export opportunities for Saudi producers meeting these elevated standards, particularly in Southeast Asian and African markets seeking premium halal-certified products. Recent regulatory updates requiring batch-level certification for all shipments further consolidate market position for established domestic players with robust quality management systems.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Volatile imported feed prices | -1.5% | Saudi Arabia, affecting entire value chain | Short term (≤ 2 years) |
| Low-cost Brazilian frozen imports | -0.8% | Saudi Arabia, concentrated in price-sensitive segments | Medium term (2-4 years) |
| Dependence on imported hatching eggs | -0.6% | Saudi Arabia, affecting breeding operations nationwide | Medium term (2-4 years) |
| Strict halal slaughter (no stunning) rules | -0.4% | Saudi Arabia, with export implications to global halal markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Volatile imported feed prices
In 2024-25, corn imports surged by 29%, reaching 4.5 million metric tons, and making up 60% of the total poultry feed composition. This volatility in feed costs poses the sector's most significant challenge. The bulk of feed ingredients comes from Brazil and Argentina, which leaves Saudi producers vulnerable to currency fluctuations, weather-related supply disruptions, and geopolitical tensions that can sway commodity markets. A technical regulation on feed contaminants adds compliance costs by requiring testing for mycotoxins, heavy metals, and microbiological criteria, further pressuring margins. In response, companies are adopting vertical integration strategies. Some producers are not only investing in domestic feed mills but are also delving into alternative protein sources, such as insect-based feeds and locally-grown barley. While the Agricultural Development Fund backs feed crop production to curb import reliance, achieving a significant reduction in dependency will take 3-5 years to influence cost structures materially.
Low-cost Brazilian frozen imports
Brazilian poultry giants BRF and JBS leverage substantial local investments to compete directly with domestic producers, challenging traditional import-based competition models. JBS's USD 50 million Jeddah facility, operational since November 2024, focuses on chicken nugget production with 500 employees, while BRF expands processing capabilities through strategic partnerships. These investments enable Brazilian companies to circumvent import tariffs and halal certification complexities while maintaining cost advantages through established supply chains and operational expertise. The strategy particularly threatens processed poultry segments where Brazilian companies excel in value-added products and private-label manufacturing. However, domestic producers counter through technology adoption, premium positioning, and government support, while Brazilian companies face challenges adapting to local consumer preferences and regulatory requirements.
Segment Analysis
By Form: Fresh Products Dominate Amid Processing Innovation
Fresh/chilled poultry commands 53.28% market share in 2024, reflecting Saudi consumer preferences for traditional preparation methods and perceived quality advantages over frozen alternatives. This segment benefits from robust cold-chain infrastructure development and modern retail expansion, with major producers like At its Ha'il operations, Almarai is investing in integrated processing facilities designed to significantly enhance its poultry processing capabilities. This development aligns with the company's strategy to strengthen its position in the poultry market by increasing efficiency and meeting growing consumer demand. The fresh segment's dominance aligns with halal slaughter requirements and cultural preferences for whole birds and traditional cuts, supported by SFDA regulations ensuring strict temperature control and traceability throughout distribution networks.
Processed poultry emerges as the fastest-growing segment at 9.17% CAGR through 2030, driven by urbanization, convenience trends, and expanding foodservice demand. Companies like Tanmiah develop extensive processed ranges including marinated products, ready-to-cook items, and value-added preparations targeting busy urban consumers and commercial kitchens. JBS's new Jeddah facility specifically focuses on chicken nugget production, indicating strong market potential for convenience-oriented processed products. This segment benefits from private-label opportunities, with 79% of Saudi consumers regularly purchasing store-brand products, enabling processors to capture higher margins through direct retail partnerships while meeting growing demand for portion-controlled, ready-to-cook solutions.
Note: Segment shares of all individual segments available upon report purchase
By Distribution Channel: Digital Transformation Accelerates Retail Evolution
Supermarkets and hypermarkets maintain a 47.94% market share in 2024, leveraging extensive geographic coverage and established consumer relationships built over decades of market development. These channels benefit from ongoing expansion plans, with Spinneys targeting 12 stores by 2028 and Circle K planning 300 convenience locations within 5 years, creating comprehensive distribution networks for both fresh and processed poultry products. The segment's strength stems from integrated cold-chain capabilities, promotional flexibility, and the ability to showcase premium products through in-store displays and butcher services that reinforce quality perceptions among traditional consumers.
Online channels represent the fastest-growing distribution segment at 8.68% CAGR through 2030, reflecting fundamental shifts in consumer behavior accelerated by digital adoption and convenience preferences.The online food delivery market is witnessing remarkable growth, offering significant opportunities for poultry producers to connect directly with consumers. This channel enables producers to position their products as premium by emphasizing detailed product information, traceability features, and subscription models that foster customer loyalty while optimizing distribution costs. The integration of advanced cold-chain logistics, supported by IoT sensors and AI-driven inventory management, ensures that product quality is maintained throughout the last-mile delivery process. These advancements effectively address traditional concerns about the freshness of poultry in e-commerce. Additionally, they allow producers to extend their market reach to underserved regions, ensuring greater accessibility and a wider consumer base.
Geography Analysis
Saudi Arabia dominates the regional poultry market through comprehensive government support, strategic investments, and regulatory frameworks designed to achieve food security objectives under Vision 2030. The Kingdom's current self-sufficiency in poultry positions it for substantial growth toward achieving its long-term targets by 2030. This progress is supported by significant investments in the sector and financial backing from the Agricultural Development Fund, which plays a crucial role in facilitating project development. Major production centers in Riyadh, Eastern Province, and Ha'il regions benefit from a robust and integrated infrastructure. This includes hatcheries, processing facilities, and distribution networks that effectively address domestic consumption needs while also capitalizing on emerging export opportunities to Gulf Cooperation Council markets.
The geographic concentration creates competitive advantages through cluster effects, shared infrastructure, and regulatory alignment that streamlines operations for major producers like Al-Watania, Almarai, and Tanmiah. Balady is set to bolster domestic production in the Kingdom through a significant investment plan. This initiative includes the establishment of advanced facilities and numerous broiler houses strategically distributed across key locations, reflecting a strong commitment to enhancing local poultry production capabilities. SFDA's unified electronic systems for registration, licensing, and inspection create operational efficiencies that benefit domestic producers while establishing quality standards that support export competitiveness.
International partnerships enhance the Kingdom's geographic advantages through technology transfer and operational expertise, exemplified by the Saudi-Brazilian collaboration investing over USD 150 million in production and processing capabilities[3]Source: Ministry of Environment, Water and Agriculture, "Saudi-Brazilian Partnership to Invest Over $150 Million in Poultry Production and Processing", mewa.gov.sa. These strategic alliances combine Saudi financial resources and market access with international technical capabilities, creating integrated operations that serve domestic food security objectives while building export capacity for regional markets seeking premium halal-certified products.
Competitive Landscape
The Saudi poultry market demonstrates a hmoderate consolidation. The market is dominated by established players who leverage integrated operations, strong government relationships, and brand recognition to maintain their competitive positions. Al-Watania Poultry leads the market with a 24.7% share, followed by Almarai's Alyoum brand at 21.2% and Tanmiah Food Company at 13.0%. Collectively, these three companies control nearly 60% of the market through vertical integration strategies encompassing breeding, processing, and distribution. The competitive environment is further intensified by the adoption of advanced technologies. For example, Tanmiah has partnered with Poulta Inc. to implement AI-enabled farming solutions that improve feed conversion ratios and reduce mortality rates. Similarly, Almarai has invested in high-capacity automated processing facilities capable of handling 37,000 birds per hour.
Opportunities are emerging in the processed products and private-label manufacturing segments. Approximately 79% of Saudi consumers regularly purchase store-brand items, presenting a significant opportunity for smaller producers to capture higher margins through direct retail partnerships. International players such as JBS and BRF are also disrupting the traditional competitive landscape by making local investments to bypass import barriers while maintaining cost advantages. JBS has invested USD 50 million in a facility in Jeddah focused on chicken nugget production, while BRF is expanding its processing capabilities through strategic alliances. These developments highlight the growing competition and the evolving dynamics of the market.
The Saudi Food and Drug Authority's (SFDA) enhanced halal certification requirements have created competitive advantages for established domestic producers with robust quality management systems. These regulations simultaneously raise entry barriers for new players who lack integrated operations and regulatory expertise. As a result, established companies are better positioned to navigate these requirements, while new entrants face significant challenges in meeting the stringent standards. This regulatory environment underscores the importance of operational integration and compliance expertise for sustained success in the Saudi poultry market.
Saudi Arabia Poultry Meat Industry Leaders
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Al-Watania Poultry
-
Almarai
-
Tanmiah Food Company
-
Fakieh Poultry Farms
-
Entaj
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- September 2025: Tanmiah Food Company has announced the establishment of two new facilities in the central region of Saudi Arabia: a poultry processing plant located in Al Majmaa and a feed mill situated in Dahna.
- July 2025: BRF, a prominent Brazilian meat processor, has announced the launch of its first line of chilled chicken products produced locally in Saudi Arabia. This initiative represents a strategic effort by BRF to enhance its presence in Saudi Arabia.
- July 2025: Brazilian meat processor BRF introduced its first line of chilled chicken products manufactured in Saudi Arabia, aiming to capture a 10% market share within 18 months. Saudi Arabia's chilled chicken demand reached 300,000+ metric tons in 2024. Expansion includes a production facility in Dammam and a new processing plant in Jeddah for diverse meat products.
- August 2024: JBS is investing USD 50 million in a new breaded chicken facility in Jeddah, aiming to quadruple production and generate around 500 new jobs. This expansion aligns with Saudi Arabia’s Vision 2030 push for local food industry growth and reflects JBS’s strategy to shift from export to local value-added production.
Saudi Arabia Poultry Meat Market Report Scope
Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel.| Canned | |
| Fresh / Chilled | |
| Frozen | |
| Processed | Deli Meats |
| Marinated / Tenders | |
| Meatballs | |
| Nuggets | |
| Sausages | |
| Other Processed Poultry |
| Off-Trade | Convenience Stores |
| Online Channel | |
| Supermarkets and Hypermarkets | |
| Others | |
| On-Trade | Hotels |
| Restaurants | |
| Catering |
| By Form | Canned | |
| Fresh / Chilled | ||
| Frozen | ||
| Processed | Deli Meats | |
| Marinated / Tenders | ||
| Meatballs | ||
| Nuggets | ||
| Sausages | ||
| Other Processed Poultry | ||
| By Distribution Channel | Off-Trade | Convenience Stores |
| Online Channel | ||
| Supermarkets and Hypermarkets | ||
| Others | ||
| On-Trade | Hotels | |
| Restaurants | ||
| Catering | ||
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 |
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.