A company involved in the animal rendering business sought information about fluctuations in demand for animal by-products and price volatility to formulate effective strategies.
Straits has worked on multiple reports related to the food and animal service market. The methodology, however, is different as the two markets are not the same.
Our team conducted secondary research to gain a basic understanding of the market, its drivers, restraints, potential opportunities, and influential trends. There were price fluctuations in the market due to the abundant availability of animal by-products due to initiatives focusing on animal husbandry's growth.
Several industry experts actively involved in the field were interviewed about price fluctuations, the supply chain, and the strategies undertaken by other players involved in the animal rendering market. These interviews revealed that local abattoirs were partnering with leading food and meat producers, acquiring animal waste processing plants. This vertical integration posed a threat to the industry players who were solely involved in animal rendering.
The client was solely involved in rendering and looking to venture to other opportunities and markets. Our team formulated a model considering the functioning of farms, the level of automation, the distance of the farm from the nearest slaughterhouses, the state's stand in promoting animal husbandry, and regulatory policies guarding the pricing and animal slaughter practices.
Using this methodology, we provided the client with the market forecasts and growth strategies adopted by various market players. The analysis of environmental factors and regulatory policies regarding the disposal of animal carcasses helped the company enhance its supply chain operations.
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An investment firm wanted to invest in a company in the food and beverage services sector and sought insights into market potential.
The client wanted insights into the leading competitors and potential of the global coffee pods market. We conducted a detailed market assessment, which included market estimates and forecasts for every region and country. Also, we surveyed the potential end-users and distribution channels profitable for the market.
Our team had a detailed conversation with the client to provide concise market information and decide the report's flow. Understanding any market requires a basic understanding of the industry; thus, our team conducted secondary research. We studied journals and news articles to identify the factors affecting the market, learn about consumer behavior, and understand the manufacturing of coffee pods.
We conducted primary interviews with industry experts and knowledge brokers to validate that data extracted from secondary research and understand the micro and macro-economic factors affecting the market.
Understanding the external factors affecting the market is essential for the estimation and forecasting of numbers. The report was focused on consumer behavior as it was among the primary factors influencing the market. The study of geopolitical factors was also critical in understanding the continuation of raw materials and price estimation.
Our report helped the client understand the market trends, developments, competitive landscape, and key players' strategies. It also provided recent trends in the coffee pods market to shed light on consumer preference, enabling the client to develop products accordingly.