Research Methodology on Eubiotics Market
Introduction
Eubiotics can be best defined as an agent, compound, or material which beneficially affects the gut microflora i.e., the beneficial bacteria which reside in the human gastrointestinal tract. It has multiple benefits for humans including better digestion, essential vitamins and minerals absorption, and an improved immune system. The global eubiotics market has been growing at a significant rate owing to its multiple benefits such as better digestion, improved metabolism, increased import-export business etc. Regulatory organizations such as the FDA and EFSA have also been providing supportive regulations to ensure the safe use of dietary supplements and eubiotics. The usage of probiotics and prebiotics as eubiotics has gained momentum in recent times. Thus, the food and beverage industry is witnessing a rise in the use of different types of eubiotics such as probiotics, prebiotics, enzymes, fertilizers etc.
Research Objectives
- To assess the factors influencing the growth of the Global Eubiotics Market.
- To evaluate the regional market share of the global eubiotics industry.
- To analyze the recent developments in the global eubiotics market.
- To analyze the competitive strategies adopted by the key players in the global eubiotics market.
- To evaluate the impact of the companies’ strategic actions on the global eubiotics market.
Research Methodology
This study has been carried out using a combination of primary and secondary research approaches. Information procurements were done through secondary research on markets and regulatory bodies such as the FDA, EFSA, and PRTR etc. and online sources such as company websites, industry magazines, industry analysis etc. Primary research was conducted through interviews with companies’ stakeholders and customers, industry experts, and distributors. Both quantitative and qualitative analysis have been done using bottom-up and top-down approaches and factor analysis, time-series analysis etc. to obtain insights into the global market of eubiotics. Additionally, demand and supply side data triangulation has also been done to further confirm the research results.
Secondary Research
Secondary research consists of information collected from studies already done on topics like industry blogs, magazines, whitepapers, industry standards, trade association publications and company literature among others. To understand and assess the market of eubiotics, comprehensive secondary research has been conducted. This includes an in-depth analysis of the regulatory environment of different countries and an understanding of public spending in this field. This has helped the researchers to understand the basis of the market, the competition of the market, key trends, and drivers.
Primary Research
Primary research is mainly done through interviews. Primary interviews and survey responses have been conducted with industry experts, stakeholders, and customers. Primary interviews are conducted one-on-one through emails, telephone calls, and purposeful online interactions such as WhatsApp, Skype etc. This has provided the researchers with valuable insights into the market of eubiotics and its related aspects in the EU region. This has further enhanced the data collected through secondary sources.
Data Triangulation
Data triangulation is a process that is used to verify the accuracy and validity of the input data by combining secondary and primary data. Here, the data collected through secondary and primary sources are utilized and verified such that the generated information is reliable and accurate. To triangulate the data, both demand and supply side data will be combined to gain a better understanding of the market and its related factors.
Approaches used-
For the study, a combination of qualitative and quantitative methods are used which include bottom-up and top-down approaches. Qualitative methods such as factor analysis and time-series analysis are used to analyze the drivers and trends of the Eubiotics Market as well as gain a better understanding of its dynamics. Quantitative methods such as demand and supply-side data triangulation are used to validate the market value.
Conclusion
This research aims to assess the various factors impacting the Global Eubiotics Market such as industry developments, regional market share, competitive strategies adopted by the key players in the market, public expenditure etc. A combination of primary and secondary research methods has been used utilizing interviews, online resources, and trade association publications to obtain an in-depth understanding of the market. Additionally, factor analysis, time-series analysis, and demand and supply-side data triangulation approaches have been used to further confirm the research results and forecast for the period from 2023 to 2030.
