Research Methodology on Feed Additives Market
Background
Market Research Future (MRFR) reports help clients gain a better understanding of the markets for various products and services. This marketing report aims to provide insight into the market for feed additives and to estimate its current and future market potential. The report is a combination of both primary and secondary research and investigates industry experts, market surveys, and reviews from secondary data sources for the purpose.
Research Approach
A bottom-up approach was taken when preparing this report. This approach is a methodological approach where the detailed market trends and forecast are studied first, before using various forecasting models to conclude with an estimate for the market. In addition, a top-down approach was also taken, where macroeconomic factors such as population growth, GDP growth, and buying power parity are studied and used to understand the overall market trends.
Primary Data
MRFR gathered and collated the primary data from various sources. These included interviews with industry experts, surveys of key stakeholders, and market analysis of key products and services.
Secondary Data
Secondary data was primarily collected through published sources and databases of corporations, government and non-governmental organizations, academic institutions, and research institutions in the feed additives market. The data was validated with external sources, such as industry publications, university publications, and other sources.
Time-Series Analysis
Time-series analysis was used to evaluate past trends in the feed additives market and understand the current state of the market. The market trends were analyzed from historical data of the past five years. Specific products, regions, and companies were chosen as references for the time-series analysis, and their sales in respective regions and segments were tracked over time.
Demand Side and Supply Side Data Triangulation
MRFR also used the demand side and supply side triangulation that takes into account sellers' and buyers' perspectives for estimating the market size. Suppliers, manufacturers, and dealers in the feed additives market were surveyed and asked about the quantity of products they supplied and manufacturers' production capabilities. The data was validated through interviews and feedback from the suppliers, and the sales of the products were tracked.
Furthermore, data from the buyers’ side was collected by conducting consumer surveys and interviews to understand their buying decisions and preferences for the feed additives market.
Factor Analysis
MRFR conducted a factor analysis to study the impact of market drivers and restraints on the industry. Factors such as population growth, demand for quality feed, economic growth, and the cost of feed additives were taken into account. Additionally, environmental and social factors such as environmental regulations and waste management policies were studied.
Market Modelling
The market size and growth were modelled using the bottom-up and top-down approaches. The value of the feed additives market was estimated for different regions and segments, and the growth of the market was predicted using the historical trends in the market.
Finally, the regional and segmental models were combined to estimate the global market size of the feed additives market. The value was validated with the actual market data gathered from secondary sources, and the trends established from the primary sources.
Conclusion
The research methodology adopted for this report is a combination of primary and secondary research and is based on bottom-up and top-down approaches. The primary research was conducted based on interviews with industry experts, surveys of key stakeholders, and market analysis of products. Secondary data was collected through published sources and databases. Time-series analysis, demand-side and supply-side data triangulation, factor analysis, and market modelling were used to gain further insights into the market analyze the drivers and restraints of the market and provide the market forecast for 2023 to 2030.