Research Methodology on Fermented Plant Extract Market
Abstract
This research methodology focuses on the Market Research Future (MRFR) report on the Fermented Plant Extracts market. The report offers an analysis of the production process and applications of fermented plant extract products. It is based on primary and secondary research and includes a market overview, current industry trends, trends affecting the market, and competitive analysis. The research methodology also describes data sources, methodologies, statistical tools and analysis techniques used in the report and related assumptions.
Introduction
Fermented Plant Extracts are organic or inorganic substances derived from plants that have undergone a fermentation process. The process involves the breaking down of solid plant materials, such as fruit, vegetables, and grains, to release their beneficial components. Fermentation is an energy-efficient process that helps in increasing the digestibility of plant materials. Besides, the process increases the antioxidant properties of the plant matter, while preserving the original nutrients and their bioavailability. Fermented Plant Extracts are used in a wide range of industries, such as food and beverage production, animal feed, and health and dietary supplements. In terms of their use, fermented plant extract products are mainly classified into whole food extracts, concentrated extracts, and liposomal extracts.
Market Research Future (MRFR) presents an extensive market report on the Fermented Plant Extracts market. The report covers current market trends and reveals the potential of the market to grow during 2023 to2030. An in-depth analysis of the production process and applications of fermented plant extracts is presented in the report. Additionally, market overview, trends affecting the market, competitive analysis, and key insights are discussed in the report.
Research Methodology
MRFR’s research methodology for the report on the Fermented Plant Extracts market includes primary and secondary research methods. Primary research includes interviews with key stakeholders in the industry and market experts. These interviews offer an understanding of both the current and the potential future market landscape. Secondary research includes delving into existing research papers, reports from industry associations, articles related to the industry, and government entities.
Data Sources
The data sources used in this research are as follows:
- Primary Data: Interviews of industry experts and stakeholders have been used for primary data collection.
- Secondary Data: Industry whitepapers, research papers, government data, press releases, and industry associations have been used as secondary sources. In addition, various online sources such as company websites, trade journals, and academic journals were used for secondary data collection.
Methodologies
The following methodologies were used in this research:
- Qualitative research methods: Qualitative research methods, such as an expert opinion poll, were used in order to gain insights into how the market will evolve in the foreseeable future and how it is likely to be affected by external factors.
- Quantitative research methods: Quantitative research methods, such as survey methods, were employed in order to gain an in-depth insight into the market size, market dynamics, growth drivers, and key opportunities.
Statistical Tools
The following statistical tools were used to further analyze the collected data:
- Analytical hierarchy process (AHP): AHP was used to evaluate and compare the various opportunities available for the fermentation process.
- Regression model: Regression models were used to analyze the potential of the various fermented plant extracts and monitor their trends in the coming years.
- SWOT analysis: SWOT analysis was used to identify the strengths, weaknesses, opportunities, and threats to the fermentation process.
Analysis Techniques
The following analysis techniques were used in the study:
- Descriptive Analysis: Descriptive analysis was used in order to summarize the collected data.
- Exploratory Analysis: Exploratory analysis was used to identify patterns and trends in the data.
- Data Mining: Data mining techniques were used in order to gain insights into the behaviour and preferences of manufacturers, suppliers, and other stakeholders in the industry.
- Porter’s Five Forces Analysis: Porter’s Five Forces Analysis was used to analyze the competitive landscape and the various challenges faced by the market participants.
Related Assumptions
The following assumptions have been made in this study:
- The research methodology assumes that the fermented plant extract market is expected to grow during the forecast period of 2023–2030.
- It is assumed that fermentation is an energy-efficient process that helps in increasing the digestibility of the plant materials and preserves the original nutrients and their bioavailability.
- It is assumed that fermentation is expected to generate tremendous benefits for the food industry due to its efficiency in preserving the flavour, colour, and nutrients of the plant materials.
Conclusion
To summarize, this research methodology focuses on the report presented by Market Research Future (MRFR) on the Fermented Plant Extracts market. Primary research and secondary research methods were used for data collection. Descriptive, exploratory, and data mining techniques were used for data analysis. Qualitative and quantitative research methods were employed and the data were analyzed using an analytical hierarchy process, regression model, and SWOT analysis. The assumptions related to the report have also been discussed in this research methodology.
