Research Methodology on Herbal Tea Market
This research project aims to analyze the Herbal Teas Market across the globe. To do this, a systematic and scientific approach is adopted. This research is a qualitative and quantitative approach, which enables an in-depth understanding of the Herbal Teas Market and sub-categories.
Research Process and Model:
The research process begins with in-depth secondary research to understand the existing market trends, market players, technology, developments and industry verticals. Secondary research sources such as factsheets, annual reports and regulatory databases are used for data collection. Additionally, interviews and surveys are included in the secondary source research.
Qualitative and quantitative data is gathered from primary sources such as health professionals, industry experts, company executives and other key personnel are consulted to build a complete and accurate picture of the Herbal Teas Market. Primary research data includes parameters such as company profile and product consumption in different countries to understand the market size.
Data Analysis Methodology
Both qualitative and quantitative data analysis is performed using the Global Herbal Teas Market data gathered from various sources. The statistical techniques used include market trend analysis, monthly trend analysis and Y-o-Y trend analysis, technical trend analysis.
Data Collection Methodology
The data collection methods include surveys, interviews, focus group discussions and user research studies. In addition, structured interviews and surveys are used to gather data from stakeholders such as health professionals, industry experts, and potential customers.
Survey data is generated by a combination of desk research, published sources and through the use of a self-completed questionnaire.
Secondary research includes magazine articles, financial reports, published research studies, company websites and interviews with industry participants.
Market Size Calculation
The global Herbal Teas Market size is estimated by combining the top-down and bottom-up approaches. The top-down approach is used to define the regional and global market size which is further divided into segments by country.
In the bottom-up approach, the market size is calculated by combining the identified data points for each of the market segments.
The data is analyzed and the report is created using at least four independent sources.
Market Forecasting
To ascertain the overall market size and the expected market growth in the coming years, a combination of proven market forecasting methods such as the market share analysis, Porter’s Five Forces Analysis and market trend analysis is applied to the collected data.
The historical data is analyzed and compared with recent trends to project market growth in the future. Additionally, the multiple factors influencing the market growth such as industry trends, informed opinion, government regulations and technological advancements are included in the analysis to arrive at accurate market forecasts.