Research Methodology on Matcha Tea Market
The research methodology adopted for assessing the Matcha Tea market involved the collection and analysis of data from various sources such as the secondary data sources and the primary data sources. The various secondary sources of data that have been considered include industry journals, industry publications, financial databases, annual reports, industry reports, websites, and company databases. The primary sources of data have been collected from a series of in-depth interviews and discussions with senior-level executives in the industry, business owners, industry experts, and potential investors.
In order to identify the key market players and understand their business operations, Porter’s Five Forces Framework was used. With the help of the framework, the competitive landscape of the Matcha Tea market was analyzed.
The research process began by conducting a detailed study of all the related documents to identify the key trends and insights from the industry. The secondary data from previous years were used to analyze the overall industry structure and to identify the major opportunities and challenges. The primary research helped in understanding the industry dynamics such as the market drivers, restraints, trends, and potential opportunities.
In order to assess the market size for Matcha Tea, the revenues generated from retail sales, online sales, and company websites were considered. The estimated market size was cross-checked by using different bottom-up and top-down approaches. All the historic market data and current market developments were also incorporated in the estimates.
The primary research was conducted to study customer preferences for Matcha Tea products. The analysis of the interviews conducted was conducted to analyze the current and future trends in the Matcha Tea market. The competitive dynamics of the market were studied by collecting data on the pricing structure and the product specifications and features.
In order to compare the different brands of Matcha Tea, a multi-criteria decision-making technique was used. This analysis was conducted to ascertain customer preferences and identify the leading brands in the Matcha Tea market.
The overall market assessment was further strengthened by conducting a market attractiveness analysis. This analysis was conducted to identify the areas with high potential and to understand the nature of the market in the different regions. The market attractiveness analysis was conducted based on the product types, brands, categories, end-users, and regions.
Finally, the market size was estimated by summing up all the individual segments of the market based on the revenue generated from the sales of each segment. The market size is also considered an indicator of the attractiveness of the market.
The research process was completed by conducting an in-depth analysis of the primary and secondary data collected to obtain a comprehensive understanding of the market structure. The insights gained from the research process will help in the development of effective market strategies for catering to the needs of the customers and exploring new business opportunities.