Research Methodology on Carbonated Soft Drinks Market
1. Introduction
This research methodology aims to explore the market for carbonated soft drinks by reviewing key data sources and drawing insights from them to inform and shape the market outlook. The approach chosen for this study drew from both quantitative and qualitative research techniques and is conducted through a detailed procedure outlined in the following sections. The research methodology focuses on analyzing and understanding the global carbonated soft drinks market as well as its components, based on data from secondary and primary sources.
2. Research Objectives
The principal objective of this research methodology is to understand and report the potential growth of the global carbonated soft drinks market. Specific objectives include:
- Estimate and forecast the market size of the global carbonated soft drinks market during the forecast period.
- Provide a detailed analysis of key factors (drivers, challenges, opportunities) and their impact on the growth of the market.
- Analyze key market segments and their performance in terms of revenue and volume.
- Analyze regional levels of the carbonated soft drinks market and its significant segments.
- Provide comprehensive analysis of various market participants and strategies adopted by them.
3. Research Design
For this study, a descriptive and exploratory research design is employed, which includes analyzing the global carbonated soft drinks market from both qualitative and quantitative aspects. Secondary research is employed to analyze the global carbonated soft drinks market, while primary research is employed to further analyze the market dynamics and global competitive landscape.
4. Research Methodology
The research methodology for this project includes the following steps:
4.1 Secondary Research
Secondary sources, such as industry reports, company databases, press releases, trade reports, and other published sources such as industry journals and news sources, are used to collect and analyze the required data.
4.2 Primary Research
In order to analyze and forecast the global carbonated soft drinks market, primary research methods such as surveys, interviews, and expert insights are conducted with key stakeholders, such as industry experts, product and technology experts, academics, CEOs, sales and marketing personnel, and other relevant personnel.
4.3 Data Mining
Data mining methods such as Porter’s Five Forces analysis, market positioning analysis, and pricing analysis are employed to understand the overall competitive landscape in the global market.
5. Data Triangulation
A combination of primary and secondary sources is used to validate the data and arrive at the global carbonated soft drinks market size, which includes qualitative and quantitative assessment of the key parameters.
6. Market Ground-Truthing
Data obtained through primary and secondary research is used for ground-truthing the market to validate the market size, estimations, and strategies implemented by the various market players.
7. Market Estimation
The Market Report is estimated by combining data sourced through secondary research, primary research, and data triangulation. The report used exclusion and inclusion criteria to estimate the overall market size and CAGR.
8. Market forecast
The market forecast is based on the collected data from primary, secondary, and market ground-truthing sources to estimate market segment sizes and their respective market share. Market size and growth rate are extrapolated for the forecast period.
9. Assumptions
The global carbonated soft drinks market is estimated based on the following assumptions:
- All markets are considered to have closed for 2020 due to the impact of COVID-19
- All markets are expected to return to their normal growth frameworks post 2021
- There would be no major technological disruptions or any substantial changes in consumer behaviour that may affect the overall market size
- All major market players will remain active and competitive in the market
10. Scope of Study
The scope of the study includes researching and analyzing the global carbonated soft drinks market, with key segments such as product type, packaging, distribution channel, and region. The report also focuses on understanding the present impact of the COVID-19 pandemic, how it has caused shifts in market dynamics, and how it has impacted various regions and market segments.