North America Plant Based Protein Market – Industry Trends and Forecast to 2028

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North America Plant Based Protein Market – Industry Trends and Forecast to 2028

  • Food & Beverage
  • Published Report
  • Jul 2021
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 30

North America Plant Based Protein Market, By Source (Soy Protein, Wheat Protein, Pea Protein, Canola Protein, Potato Protein, Rice Protein, Corn Protein, Oat Protein, Flaxseeds Protein, Hemp Protein, Quinoa Protein, Chia Protein and Others), Protein Concentration (Concentrate, Isolate and Hydrolysate),  Level Of Hydrolisation (Intact, Mildly Hydrolized, and Strongly Hydrolized), Nature (Organic and Conventional), Form (Dry and Liquid), Function (Solubility, Gelation, Emulsification, Water Binding, Foaming and Others) Application (Food & Beverages and Animal Feed),  Country (U.S., Canada, Mexico) Industry Trends and Forecast 2028

North America Plant Based Protein Market

Market Analysis and Insights: North America Plant Based Protein Market

North America plant based protein market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.8% in the forecast period of 2021 to 2028 and is expected to reach USD 10,191.50 million by 2028.  Increasing demand of plant based proteins in food and beverages industry is a major driver for the plant based protein market.

Proteins are the essential nutrient required by the human body. They help in making enzymes, hormones and other body chemicals. It is the important building block of cartilage, bones, muscles, blood and skin. Plant based proteins are manufactured using plant based sources such as soy, pea, wheat among others and are further processed to make a final product. It is also considered as a substitute for animal sourced proteins. They have extensive applications in food & beverages industry and animal feed industry. These plant based proteins comes in various forms and they are used as a meat replacer in several food applications. The plant based proteins are used in beverages to add extra nutritional benefits of plant-based proteins such as chick peas, and pea protein among others. These proteins are used in various food products because of their nutritional content. Thus, various health conscious people are turning towards the plant based proteins.

The factors driving the growth of the plant based protein market are increase in number of health conscious consumers, rise in population with lactose intolerant consumers, increase in awareness about the benefits of plant based proteins, investments & collaborations in the plant based proteins business and the growing usage of plant based proteins in various applications.

However, the factors restraining the growth of the plant based protein market are the higher costs of proteins and use of GMO and allergy associated with it.

This North America plant based protein market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.

North America Plant Based Protein Market

North America Plant Based Protein Market Scope and Market Size

North America plant based protein market is segmented into seven notable segments based on source, protein concentration, level of hydrolisation, form, nature, function and application.

  • On the basis of source, the North America plant based protein market is segmented into soy protein, wheat protein, pea protein, canola protein, potato protein, rice protein, corn protein, oat protein, flaxseeds protein, hemp protein, quinoa protein, chia protein and others. In 2021, soy protein segment is expected to dominate the market due to the high fiber content that aids in the weight loss.
  • On the basis of protein concentration, the North America plant based protein market is segmented into concentrate, isolate and hydrolysate. In 2021, isolate segment is expected to dominate the market in the plant based protein market as isolate is the containing the enhanced protein content.
  • On the basis of level of hydrolisation, the North America plant based protein market is segmented into intact, mildly hydrolized, and strongly hydrolized. In 2021, mildly hydrolized segment is expected to dominate the market in due to high digestibility of the form.
  • On the basis of form, the North America plant based protein market is segmented into dry and liquid. In 2021, dry segment is expected to dominate the market as it can be used for a longer period of time for various food preparations.
  • On the basis of nature, the North America plant based protein market is segmented into organic and conventional. In 2021, conventional segment is expected to dominate the market due to the ease of manufacturing compared to the organic products.
  • On the basis of function, the North America plant based protein market is segmented into solubility, gelation, emulsification, water binding, foaming and others. In 2021, emulsification segment is expected to dominate the market due to the stabilizing activity in the food preperations.
  • On the basis of application, the North America plant based protein market is segmented into food & beverages and animal feed. In 2021, food and beverages segment is expected to dominate the market due to the increasing vegan trend among the consumers.

Plant Based Protein Market: Country Level Analysis

The North America plant based protein market is analysed and market size information is provided by country, source, protein concentration, level of hydrolisation, form, nature, function and application as referenced above.

The countries covered in the North America Plant based protein market report are U.S., Canada and Mexico.

U.S. is dominating the North America region in global plant protein market with the highest CAGR and the highest market share due to increase in the vegan trend among the consumers.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America plant based protein brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Rising Demand of Plant Based Protein in Food Industry

North America plant based protein market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in plant based protein and changes in regulatory scenarios with their support for the plant based protein product market. The data is available for historic period 2010-2019.

Competitive Landscape and North America Plant Based Protein Market Share Analysis

North America plant based protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the plant based protein market.

Some of the major players operating in the North America plant based protein market are market DSM, Sotexpro, Batory Foods, Glanbia Plc, AGT Food and Ingredients, Axiom Foods, Inc, Prolupin GmbH, ADM, Wilmar International Ltd, Emsland Group, Cargill, Incorporated, DuPont, Ingredion Incorporated, Roquette Frères, The Green Labs LLC, PURIS and Shandong Jianyuan group among others.

Many expansions are also initiated by the companies worldwide which are also accelerating the growth of North America plant based protein market.

For instance,

  • In June 2020, Roquette Frères and la Prairie collaborated with Canada’s Protein Industries for joint R&D project which will help Canada’s plant protein ecosystem to advance. This will help company to lead and expand its research and development, skills development and the capacity for the value-chain by boosting technical compatibility of collaborative research organizations and working on new plant proteins product development

Collaboration, joint ventures and other strategies by the market players is enhancing the company footprints in the plant based protein market which also provides the benefit for organisation in its growth pace.


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF NORTH AMERICA PLANT BASED PROTEIN MARKET

1.4 LIMITATIONS

1.5 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 CURRENCY AND PRICING

2.5 DBMR TRIPOD DATA VALIDATION MODEL

2.6 MULTIVARIATE MODELLING

2.7 SOURCE LIFELINE CURVE

2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.9 DBMR MARKET POSITION GRID

2.1 VENDOR SHARE ANALYSIS

2.11 MARKET APPLICATIONS COVERAGE GRID

2.12 SECONDARY SOURCES

2.13 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 NORTH AMERICA PLANT BASED PROTEIN MARKET: REGULATORY FRAMEWORK

5.1 FDA

5.1.1 REGULATIONS ON ALLERGEN LABELING

5.1.2 ACCORDING TO THE EUROPEAN UNION (EU)

5.2 ASIA-PACIFIC:

5.3 REGULATIONS IN THE U.S.:

5.4 REGULATIONS IN CANADA:

6 PATENT ANALYSIS OF NORTH AMERICA PLANT BASED PROTEIN MARKET

6.1 DBMR ANALYSIS

6.2 COUNTRY-LEVEL ANALYSIS

6.3 YEARWISE ANALYSIS

7 NORTH AMERICA PLANT BASED PROTEIN MARKET: NEW PRODUCT LAUNCH STRATEGY

7.1 GROWING DEMAND OF PLANT BASED MEAT ALTERNATIVE

7.2 LAUNCHING ORGANIC, CLEAN AND SUSTAINABLE PLANT BASED PRODUCTS FOR HEALTH-CONSCIOUS CONSUMER

7.3 PROMOTING BY HIGHLIGHTING ON GLUTEN-FREE PRODUCTS

7.4 LAUNCHES

8 SUPPLY& DEMAND SCENARIO OF KEY PROTEIN SOURCE COMMODITIES

8.1 PRODUCTION, CONSUMPTION, EXPORT AND IMPORT DATA FOR WHEAT, MAIZE, RICE, SOY, BY COUNTRY (2019-2028)

8.2 PRODUCTION, CONSUMPTION, EXPORT, IMPORT DATA FOR PEA, BY COUNTRY (2012-2014)

8.3 PRODUCTION DATA FOR OAT, BY COUNTRY (2014-2019)

8.4 CONSUMPTION DATA FOR OATS, BY COUNTRY (2021)

8.5 6. PRODUCTION DATA FOR FLEX FIBER, BY COUNTRY (2014-2019)

8.6 PRODUCTION DATA FOR CANOLA (RAPESEED), BY COUNTRY (2014-2019)

8.7 PRODUCTION DATA FOR POTATO, BY COUNTRY (2014-2019)

8.8 PRODUCTION DATA FOR QUINOA, BY COUNTRY (AVERAGE OF 2014-2019)

8.9 PRODUCTION DATA FOR CHIA, BY COUNTRY (2013-2014)

8.1 ANNUAL CROP PRODUCTION GROWTH FORECAST (% PER ANNUM)

9 BRAND COMPETITIVE ANALYSIS

10 NORTH AMERICA PLANT BASED PROTEIN MARKET SUPPLY CHAIN ANALYSIS

10.1 RAW MATERIAL PROCUREMENT

10.2 MANUFACTURING

10.3 MARKETING AND DISTRIBUTION

10.4 END-USER

11 MARKET OVERVIEW

11.1 DRIVERS

11.1.1 GROWING USAGE OF PLANT BASED PROTEIN IN VARIOUS APPLICATIONS

11.2 GROWTH IN INVESTMENTS & COLLABORATIONS IN PLANT BASED PROTEIN BUSINESS

11.3 RISE IN POPULATION WITH LACTOSE-INTOLERANT CONSUMERS

11.4 GROWING AWARENESS REGARDING THE BENEFITS OF PLANT BASED PROTEIN

11.5 RISING VEGAN POPULATION AND INCREASING DEMAND FOR MEAT ALTERNATIVES

11.6 RESTRAINTS

11.6.1 HIGHER COSTS OF PROTEINS

11.6.2 CONSUMING PLANT BASED PROTEINS SOMETIMES LEADS TO ALLERGIES AND SEVERE SIDE EFFECTS

11.7 CHANGE IN THE MARKET CONDITIONS WITH GEOPOLITICAL INSTABILITY

11.8 OPPORTUNITIES

11.8.1 GROWING DEMAND FOR FOOD & BEVERAGES WITH ORGANIC INGREDIENTS

11.8.2 EASY AVAILABILITY OF A VARIETY OF SOURCES FOR THE PRODUCTION OF PLANT BASED PROTEIN

11.8.3 INCREASING NUMBER OF PRODUCT LAUNCHES BY KEY PLAYERS FOR THE PLANT BASED PROTEIN PRODUCTS

11.8.4 RISE IN USE OF PLANT BASED PROTEIN IN NUTRACEUTICAL AND SPORT & ENERGY INDUSTRY

11.9 CHALLENGES

11.9.1 OFF-FLAVORS IN PLANT BASED PROTEIN PRODUCTS DECLINES THE DEMAND

11.9.2 HIGH INITIAL INVESTMENT COSTS INVOLVED FOR SMALL & MEDIUM ENTERPRISES

12 IMPACT OF COVID-19 ON NORTH AMERICA PLANT BASED PROTEIN MARKET

12.1 IMPACT ON THE DEMAND OF PLANT BASED PROTEIN MARKET

12.2 IMPACT ON THE SUPPLY CHAIN OF THE NORTH AMERICA PLANT BASED PROTEIN MARKET

12.3 STRATEGIC DECISIONS AND INITIATIVES BY MANUFACTURERS

12.4 CONCLUSION

13 NORTH AMERICA PLANT BASED PROTEINS MARKET, BY FORM

13.1 OVERVIEW

13.2 DRY

13.3 LIQUID

14 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY FUNCTION

14.1 OVERVIEW

14.2 SOLUBILITY

14.3 GELATION

14.4 EMULSIFICATION

14.5 WATER BINDING

14.6 FOAMING

14.7 OTHERS

15 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY PROTEIN CONCENTRATION

15.1 OVERVIEW

15.2 CONCENTRATE

15.3 ISOLATE

15.4 HYDROLYSATE

16 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY APPLICATION

16.1 OVERVIEW

16.2 FOOD & BEVERAGES

16.3 ANIMAL FEED

17 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY LEVEL OF HYDROLIZATION

17.1 OVERVIEW

17.2 INTACT

17.3 MILDLY HYDROLYZED

17.4 STRONGLY HYDROLYZED

18 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY NATURE

18.1 OVERVIEW

18.2 ORGANIC

18.3 CONVENTIONAL

19 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY SOURCE

19.1 OVERVIEW

19.2 SOY PROTEIN

19.3 WHEAT PROTEIN

19.4 PEA PROTEIN

19.5 CANOLA PROTEIN

19.6 POTATO PROTEIN

19.7 RICE PROTEIN

19.8 CORN PROTEIN

19.9 OAT PROTEIN

19.1 FLAXSEED PROTEIN

19.11 HEMP PROTEIN

19.12 QUINOA PROTEIN

19.13 CHIA PROTEIN

19.14 OTHERS

20 NORTH AMERICA PLANT BASED PROTEIN MARKET BY GEOGRAPHY

20.1 NORTH AMERICA

21 NORTH AMERICA PLANT BASED PROTEIN MARKET: COMPANY LANDSCAPE

21.1 COMPANY SHARE ANALYSIS: NORTH AMERICA

22 SWOT ANALYSIS

23 COMPANY PROFILES

23.1 CARGILL, INCORPORATED

23.1.1 COMPANY SNAPSHOT

23.1.2 REVENUE ANALYSIS

23.1.3 COMPANY SHARE ANALYSIS

23.1.4 PRODUCT PORTFOLIO

23.1.5 RECENT DEVELOPMENT

23.2 WILMAR INTERNATIONAL LTD

23.2.1 COMPANY SNAPSHOT

23.2.2 REVENUE ANALYSIS

23.2.3 COMPANY SHARE ANALYSIS

23.2.4 PRODUCT PORTFOLIO

23.2.5 RECENT DEVELOPMENT

23.3 INGREDION

23.3.1 COMPANY SNAPSHOT

23.3.2 REVENUE ANALYSIS

23.3.3 COMPANY SHARE ANALYSIS

23.3.4 PRODUCT PORTFOLIO

23.3.5 RECENT DEVELOPMENTS

23.4 KERRY

23.4.1 COMPANY SNAPSHOT

23.4.2 REVENUE ANALYSIS

23.4.3 COMPANY SHARE ANALYSIS

23.4.4 PRODUCT PORTFOLIO

23.4.5 RECENT DEVELOPMENT

23.5 DSM

23.5.1 COMPANY SNAPSHOT

23.5.2 REVENUE ANALYSIS

23.5.3 COMPANY SHARE ANALYSI

23.5.4 PRODUCT PORTFOLIO

23.5.5 RECENT DEVELOPMENT

23.6 ADM

23.6.1 COMPANY SNAPSHOT

23.6.2 REVENUE ANALYSIS

23.6.3 PRODUCT PORTFOLIO

23.6.4 RECENT DEVELOPMENTS

23.7 AGT FOOD AND INGREDIENTS

23.7.1 COMPANY SNAPSHOT

23.7.2 PRODUCT PORTFOLIO

23.7.3 RECENT DEVELOPMENT

23.8 AXIOM FOODS, INC.

23.8.1 COMPANY SNAPSHOT

23.8.2 PRODUCT PORTFOLIO

23.8.3 RECENT DEVELOPMENT

23.9 BATORY FOODS

23.9.1 COMPANY SNAPSHOT

23.9.2 PRODUCT PORTFOLIO

23.9.3 RECENT DEVELOPMENTS

23.1 BURCON

23.10.1 COMPANY SNAPSHOT

23.10.2 REVENUE ANALYSIS

23.10.3 PRODUCT PORTFOLIO

23.10.4 RECENT DEVELOPMENT

23.11 COSUCRA

23.11.1 COMPANY SNAPSHOT

23.11.2 PRODUCT PORTFOLIO

23.11.3 RECENT DEVELOPMENT

23.12 DUPONT

23.12.1 COMPANY SNAPSHOT

23.12.2 REVENUE ANALYSIS

23.12.3 PRODUCT PORTFOLIO

23.12.4 RECENT DEVELOPMENTS

23.13 EMSLAND GROUP

23.13.1 COMPANY SNAPSHOT

23.13.2 PRODUCT PORTFOLIO

23.13.3 RECENT DEVELOPMENTS

23.14 ETCHEM

23.14.1 COMPANY SNAPSHOT

23.14.2 PRODUCT PORTFOLIO

23.14.3 RECENT DEVELOPMENT

23.15 GLANBIA PLC

23.15.1 COMPANY SNAPSHOT

23.15.2 REVENUE ANALYSIS

23.15.3 PRODUCT PORTFOLIO

23.15.4 RECENT DEVELOPMENT

23.16 PURIS

23.16.1 COMPANY SNAPSHOT

23.16.2 PRODUCT PORTFOLIO

23.16.3 RECENT DEVELOPMENT

23.17 PROLUPIN GMBH

23.17.1 COMPANY SNAPSHOT

23.17.2 PRODUCT PORTFOLIO

23.17.3 RECENT DEVELOPMENT

23.18 ROQUETTE FRÈRES

23.18.1 COMPANY SNAPSHOT

23.18.2 PRODUCT PORTFOLIO

23.18.3 RECENT DEVELOPMENTS

23.19 SHANDONG JIANYUAN GROUP

23.19.1 COMPANY SNAPSHOT

23.19.2 PRODUCT PORTFOLIO

23.19.3 RECENT DEVELOPMENT

23.2 SOTEXPRO

23.20.1 COMPANY SNAPSHOT

23.20.2 PRODUCT PORTFOLIO

23.20.3 RECENT DEVELOPMENT

23.21 THE GREEN LABS LLC

23.21.1 COMPANY SNAPSHOT

23.21.2 PRODUCT PORTFOLIO

23.21.3 RECENT DEVELOPMENT

23.22 YANTAI SHUANGTA FOOD CO., LTD

23.22.1 COMPANY SNAPSHOT

23.22.2 PRODUCT PORTFOLIO

23.22.3 RECENT DEVELOPMENT

24 QUESTIONNAIRE

25 RELATED REPORTS

List of Figure

FIGURE 1 NORTH AMERICA PLANT BASED PROTEIN MARKET : SEGMENTATION

FIGURE 2 NORTH AMERICA PLANT BASED PROTEIN MARKET : DATA TRIANGULATION

FIGURE 3 NORTH AMERICA PLANT BASED PROTEIN MARKET : DROC ANALYSIS

FIGURE 4 NORTH AMERICA PLANT BASED PROTEIN MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS

FIGURE 5 NORTH AMERICA PLANT BASED PROTEIN MARKET : COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA PLANT BASED PROTEIN MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 NORTH AMERICA PLANT BASED PROTEIN MARKET : DBMR MARKET POSITION GRID

FIGURE 9 NORTH AMERICA PLANT BASED PROTEIN MARKET: MARKET APPLICATIONS COVERAGE GRID

FIGURE 10 NORTH AMERICA PLANT BASED PROTEIN MARKET: SEGMENTATION

FIGURE 11 INCREASING USAGE OF PLANT BASED PROTEIN IN VARIOUS APPLICATIONS IS DRIVING THE NORTH AMERICA PLANT BASED PROTEIN MARKET IN THE FORECAST PERIOD OF 2020 TO 2028

FIGURE 12 SOY PROTEIN SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA PLANT BASED PROTEIN MARKET IN 2020 & 2028

FIGURE 13 FIGURE 1: PATENT REGISTERED FOR PLANT BASED PROTEIN, BY COUNTRY

FIGURE 14 FIGURE 2: PATENT REGISTERED YEAR (2017 - 2021)

FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES OF NORTH AMERICA PLANT BASED PROTEIN MARKET

FIGURE 16 BELOW IS THE DATA MENTIONED FOR SOME OF THE RAW MATERIALS SOURCES PRODUCTION ACROSS THE WORLD FROM 2020 - 2021:

FIGURE 17 BELOW MENTIONED ARE SOME OF THE LAUNCHES FOR THE PLANT BASED PROTEIN IN 2017:

FIGURE 18 NORTH AMERICA PLANT BASED PROTEINS MARKET, BY FORM

FIGURE 19 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY FUNCTION

FIGURE 20 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY PROTEIN CONCENTRATION

FIGURE 21 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY APPLICATION

FIGURE 22 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY LEVEL OF HYDROLIZATION

FIGURE 23 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY NATURE

FIGURE 24 NORTH AMERICA PLANT BASED PROTEIN MARKET, BY SOURCE

FIGURE 25 NORTH AMERICA PLANT BASED PROTEIN MARKET: SNAPSHOT (2020)

FIGURE 26 NORTH AMERICA PLANT BASED PROTEIN MARKET: BY REGION (2020)

FIGURE 27 NORTH AMERICA PLANT BASED PROTEIN MARKET: BY REGION (2021 & 2028)

FIGURE 28 NORTH AMERICA PLANT BASED PROTEIN MARKET: BY REGION (2020 & 2028)

FIGURE 29 NORTH AMERICA PLANT BASED PROTEIN MARKET BY RAW MATERIAL (2021-2028)

FIGURE 30 NORTH AMERICA PLANT BASED PROTEIN MARKET: COMPANY SHARE 2020 (%)

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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