Key Insights
The European pea protein market, valued at €204.5 million in 2025, is projected to experience robust growth, driven by the rising consumer demand for plant-based protein sources and the increasing awareness of pea protein's health benefits. The market's Compound Annual Growth Rate (CAGR) of 9.20% from 2025 to 2033 signifies a considerable expansion. This surge is fueled by several key factors: the growing popularity of vegan and vegetarian diets, the increasing prevalence of food allergies and intolerances leading consumers to seek alternative protein options, and the incorporation of pea protein into diverse food applications beyond traditional nutritional supplements, such as bakery products, meat alternatives, beverages, and snacks. Furthermore, the European market's focus on sustainability and reduced environmental impact aligns with the eco-friendly production processes associated with pea protein, further bolstering its market appeal. Key players such as Cargill, Roquette, and ADM are significantly contributing to this growth through product innovation, strategic partnerships, and expansion into new market segments. Germany, France, and the UK are expected to dominate the regional market, due to higher consumer awareness and established vegan/vegetarian food cultures.
However, challenges remain. Fluctuations in pea crop yields due to climate change and the potential for higher production costs compared to other protein sources could act as restraints on market expansion. The need for continuous research and development to improve the taste and texture of pea protein in various applications is another key aspect influencing market growth. Successfully addressing these challenges will be critical for sustaining the projected growth trajectory of the European pea protein market. The market segmentation by application (bakery, meat alternatives, etc.) and form (isolate, concentrate, textured) indicates the diverse opportunities available for companies to capitalize on the growing demand and establish strong market positions. The forecast period, extending to 2033, promises substantial expansion, particularly within the innovative food and beverage sectors.
Europe Pea Protein Market: A Comprehensive Market Report (2019-2033)
This dynamic report provides a detailed analysis of the Europe Pea Protein Market, offering invaluable insights for stakeholders across the value chain. From market size and growth projections to competitive dynamics and key industry trends, this report is a must-have resource for anyone seeking a comprehensive understanding of this rapidly evolving sector. The report covers the period from 2019 to 2033, with a focus on the forecast period from 2025 to 2033. The base year for this analysis is 2025.

Europe Pea Protein Market Structure & Competitive Landscape
The Europe Pea Protein market exhibits a moderately concentrated structure, with several key players vying for market share. The market is characterized by both large multinational corporations and specialized regional producers. Key players include Cargill Incorporated, Roquette Freres SA, Archer Daniels Midland Company (ADM), International Flavors & Fragrances Inc, Ceresal GmbH, Koninklijke DSM N.V., Kerry Group PLC, Emsland Food GmbH, Cosucra Groupe Warcoing SA, and Ingredion Incorporated. This list is not exhaustive. Innovation is a significant driver, with companies continuously developing new pea protein formulations to cater to diverse applications and consumer demands.
Regulatory changes concerning food labeling, sustainability, and health claims significantly influence the market. The increasing popularity of plant-based diets fuels the demand for pea protein, while competitive pressures from other plant-based protein sources (soy, etc.) create challenges. Mergers and acquisitions (M&A) activity has been moderate, primarily focused on strengthening supply chains and expanding product portfolios. The overall concentration ratio (CR4) is estimated to be around xx%, indicating a moderately competitive market. The M&A volume in the period 2019-2024 was approximately xx deals, with a predicted increase to xx deals by 2033. End-user segmentation is diverse, encompassing food and beverage manufacturers, supplement producers, and other industrial users.
Europe Pea Protein Market Market Trends & Opportunities
The Europe Pea Protein market is experiencing robust growth, driven by the rising popularity of plant-based diets and increasing consumer awareness of the health benefits of pea protein. The market size in 2025 is estimated at €xx Million and is projected to reach €xx Million by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of xx% during the forecast period. This growth is fueled by several key trends:
- Technological advancements: Innovations in pea protein processing and formulation are leading to improved taste, texture, and functionality, enhancing its appeal in various applications.
- Changing consumer preferences: Consumers are increasingly seeking healthier, more sustainable, and ethical food options, driving demand for plant-based protein sources like pea protein.
- Competitive landscape: The market is characterized by intense competition, with companies investing heavily in research and development to improve their product offerings and gain market share. Market penetration rates for pea protein in key application areas are gradually increasing. The market penetration rate in the Bakery sector is currently estimated at xx%, and is projected to increase to xx% by 2033.

Dominant Markets & Segments in Europe Pea Protein Market
The largest segment within the Europe Pea Protein Market is likely the Application: Food & Beverage sector, driven by its adaptability and increased utilization in meat alternatives and nutritional products. Germany, France and the United Kingdom represent the leading national markets.
Key Growth Drivers:
- Strong consumer demand for plant-based foods: Growing vegetarian and vegan populations across Europe are driving demand for pea protein as a versatile and sustainable alternative.
- Favorable regulatory environment: Supportive government policies and regulations promoting plant-based alternatives are stimulating market growth.
- Developed food processing infrastructure: Europe boasts a robust food processing infrastructure that supports efficient pea protein production and distribution.
Market Dominance Analysis: The growth of the pea protein market is influenced by factors such as consumer preference for plant-based products, increased investments in research and development within the food processing industry, and supportive government initiatives and policies in certain European regions. Germany and France are likely the most dominant markets within the European region. This is partly due to the higher prevalence of vegan and vegetarian diets within these regions, as well as the robust presence of food processing and manufacturing infrastructure.
Europe Pea Protein Market Product Analysis
Pea protein products are broadly categorized into isolates, concentrates, and textured proteins, each offering unique functionalities and catering to specific applications. Technological advancements have focused on improving the taste, texture, and solubility of pea protein to enhance its appeal in diverse applications. For example, Roquette Freres SA’s recent launch of four multi-functional pea proteins showcases the innovation in this area. These advancements are widening the range of applications and enhancing the competitiveness of pea protein against traditional protein sources. The market fit is continually improving due to these ongoing product innovations.
Key Drivers, Barriers & Challenges in Europe Pea Protein Market
Key Drivers:
The market is driven by the increasing demand for plant-based proteins, supported by growing awareness of health and sustainability benefits. Furthermore, technological advances are leading to superior product formulations with improved taste and texture. Favorable government policies and incentives in several European countries also contribute to market growth.
Challenges & Restraints:
Challenges include price volatility of raw materials (peas), competition from other plant-based protein sources (soy, etc.), and stringent regulatory requirements. Supply chain constraints may also impact production and distribution, leading to potential price fluctuations and reduced availability. Estimated impacts are currently quantifiable.
Growth Drivers in the Europe Pea Protein Market Market
The increasing demand for plant-based protein sources, driven by health and sustainability concerns, is a primary growth driver. Technological advancements resulting in improved product functionalities (taste, texture) also contribute significantly. Government support for plant-based food products through subsidies and incentives further strengthens market growth.
Challenges Impacting Europe Pea Protein Market Growth
Price fluctuations of raw materials (peas) and potential supply chain disruptions present challenges. Stringent regulatory requirements for food labeling and safety standards add complexity and cost. Intense competition from established players and emerging alternatives create additional pressure.
Key Players Shaping the Europe Pea Protein Market Market
- Cargill Incorporated
- Roquette Freres SA
- Archer Daniels Midland Company (ADM)
- International Flavors & Fragrances Inc
- Ceresal GmbH
- Koninklijke DSM N.V.
- Kerry Group PLC
- Emsland Food GmbH
- Cosucra Groupe Warcoing SA
- Ingredion Incorporated
Significant Europe Pea Protein Market Industry Milestones
- June 2023: Cosucra raised EUR 45 Million to expand production capacity.
- July 2023: ADM and Marel launched an innovation center for alternative proteins in the Netherlands.
- February 2024: Roquette Freres SA launched four new multi-functional pea proteins (NUTRALYS® Pea F853M, NUTRALYS® H85, NUTRALYS® T Pea 700FL, and NUTRALYS® T Pea 700M).
Future Outlook for Europe Pea Protein Market Market
The Europe Pea Protein Market is poised for continued strong growth, driven by persistent consumer demand for plant-based alternatives and ongoing product innovations. Strategic partnerships, further investments in R&D, and expansion into new applications will be key to unlocking substantial market potential. The market is expected to witness significant expansion across key European countries, driven by favorable regulatory frameworks and the rising adoption of plant-based diets.
Europe Pea Protein Market Segmentation
-
1. Form
- 1.1. Protein Isolate
- 1.2. Protein Concentrate
- 1.3. Textured Protein
-
2. Application
- 2.1. Bakery
- 2.2. Meat Extender and Substitute
- 2.3. Nutritional Supplement
- 2.4. Beverage
- 2.5. Snacks
- 2.6. Other Applications
Europe Pea Protein Market Segmentation By Geography
- 1. Spain
- 2. United Kingdom
- 3. Germany
- 4. France
- 5. Italy
- 6. Russia
- 7. Rest of Europe

Europe Pea Protein Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 9.20% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Demand for Plant Based Alternatives; Expanding Application of Pea Protein Toward Food Fortification
- 3.3. Market Restrains
- 3.3.1. Low Awareness and Application of the Additive
- 3.4. Market Trends
- 3.4.1. Growing Demand for Plant Based Alternatives
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Form
- 5.1.1. Protein Isolate
- 5.1.2. Protein Concentrate
- 5.1.3. Textured Protein
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Bakery
- 5.2.2. Meat Extender and Substitute
- 5.2.3. Nutritional Supplement
- 5.2.4. Beverage
- 5.2.5. Snacks
- 5.2.6. Other Applications
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Spain
- 5.3.2. United Kingdom
- 5.3.3. Germany
- 5.3.4. France
- 5.3.5. Italy
- 5.3.6. Russia
- 5.3.7. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Form
- 6. Spain Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Form
- 6.1.1. Protein Isolate
- 6.1.2. Protein Concentrate
- 6.1.3. Textured Protein
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Bakery
- 6.2.2. Meat Extender and Substitute
- 6.2.3. Nutritional Supplement
- 6.2.4. Beverage
- 6.2.5. Snacks
- 6.2.6. Other Applications
- 6.1. Market Analysis, Insights and Forecast - by Form
- 7. United Kingdom Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Form
- 7.1.1. Protein Isolate
- 7.1.2. Protein Concentrate
- 7.1.3. Textured Protein
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Bakery
- 7.2.2. Meat Extender and Substitute
- 7.2.3. Nutritional Supplement
- 7.2.4. Beverage
- 7.2.5. Snacks
- 7.2.6. Other Applications
- 7.1. Market Analysis, Insights and Forecast - by Form
- 8. Germany Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Form
- 8.1.1. Protein Isolate
- 8.1.2. Protein Concentrate
- 8.1.3. Textured Protein
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Bakery
- 8.2.2. Meat Extender and Substitute
- 8.2.3. Nutritional Supplement
- 8.2.4. Beverage
- 8.2.5. Snacks
- 8.2.6. Other Applications
- 8.1. Market Analysis, Insights and Forecast - by Form
- 9. France Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Form
- 9.1.1. Protein Isolate
- 9.1.2. Protein Concentrate
- 9.1.3. Textured Protein
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Bakery
- 9.2.2. Meat Extender and Substitute
- 9.2.3. Nutritional Supplement
- 9.2.4. Beverage
- 9.2.5. Snacks
- 9.2.6. Other Applications
- 9.1. Market Analysis, Insights and Forecast - by Form
- 10. Italy Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Form
- 10.1.1. Protein Isolate
- 10.1.2. Protein Concentrate
- 10.1.3. Textured Protein
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Bakery
- 10.2.2. Meat Extender and Substitute
- 10.2.3. Nutritional Supplement
- 10.2.4. Beverage
- 10.2.5. Snacks
- 10.2.6. Other Applications
- 10.1. Market Analysis, Insights and Forecast - by Form
- 11. Russia Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Form
- 11.1.1. Protein Isolate
- 11.1.2. Protein Concentrate
- 11.1.3. Textured Protein
- 11.2. Market Analysis, Insights and Forecast - by Application
- 11.2.1. Bakery
- 11.2.2. Meat Extender and Substitute
- 11.2.3. Nutritional Supplement
- 11.2.4. Beverage
- 11.2.5. Snacks
- 11.2.6. Other Applications
- 11.1. Market Analysis, Insights and Forecast - by Form
- 12. Rest of Europe Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - by Form
- 12.1.1. Protein Isolate
- 12.1.2. Protein Concentrate
- 12.1.3. Textured Protein
- 12.2. Market Analysis, Insights and Forecast - by Application
- 12.2.1. Bakery
- 12.2.2. Meat Extender and Substitute
- 12.2.3. Nutritional Supplement
- 12.2.4. Beverage
- 12.2.5. Snacks
- 12.2.6. Other Applications
- 12.1. Market Analysis, Insights and Forecast - by Form
- 13. Germany Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 14. France Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 15. Italy Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 16. United Kingdom Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 17. Netherlands Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 18. Sweden Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 19. Rest of Europe Europe Pea Protein Market Analysis, Insights and Forecast, 2019-2031
- 20. Competitive Analysis
- 20.1. Market Share Analysis 2024
- 20.2. Company Profiles
- 20.2.1 Cargill Incorporated
- 20.2.1.1. Overview
- 20.2.1.2. Products
- 20.2.1.3. SWOT Analysis
- 20.2.1.4. Recent Developments
- 20.2.1.5. Financials (Based on Availability)
- 20.2.2 Roquette Freres SA
- 20.2.2.1. Overview
- 20.2.2.2. Products
- 20.2.2.3. SWOT Analysis
- 20.2.2.4. Recent Developments
- 20.2.2.5. Financials (Based on Availability)
- 20.2.3 Archer Daniels Midland Company (ADM)
- 20.2.3.1. Overview
- 20.2.3.2. Products
- 20.2.3.3. SWOT Analysis
- 20.2.3.4. Recent Developments
- 20.2.3.5. Financials (Based on Availability)
- 20.2.4 International Flavors & Fragrances Inc
- 20.2.4.1. Overview
- 20.2.4.2. Products
- 20.2.4.3. SWOT Analysis
- 20.2.4.4. Recent Developments
- 20.2.4.5. Financials (Based on Availability)
- 20.2.5 Ceresal Gmbh*List Not Exhaustive
- 20.2.5.1. Overview
- 20.2.5.2. Products
- 20.2.5.3. SWOT Analysis
- 20.2.5.4. Recent Developments
- 20.2.5.5. Financials (Based on Availability)
- 20.2.6 Koninklijke DSM N V
- 20.2.6.1. Overview
- 20.2.6.2. Products
- 20.2.6.3. SWOT Analysis
- 20.2.6.4. Recent Developments
- 20.2.6.5. Financials (Based on Availability)
- 20.2.7 Kerry Group PLC
- 20.2.7.1. Overview
- 20.2.7.2. Products
- 20.2.7.3. SWOT Analysis
- 20.2.7.4. Recent Developments
- 20.2.7.5. Financials (Based on Availability)
- 20.2.8 Emsland Food GmbH
- 20.2.8.1. Overview
- 20.2.8.2. Products
- 20.2.8.3. SWOT Analysis
- 20.2.8.4. Recent Developments
- 20.2.8.5. Financials (Based on Availability)
- 20.2.9 Cosucra Groupe Warcoing SA
- 20.2.9.1. Overview
- 20.2.9.2. Products
- 20.2.9.3. SWOT Analysis
- 20.2.9.4. Recent Developments
- 20.2.9.5. Financials (Based on Availability)
- 20.2.10 Ingredion Incorporated
- 20.2.10.1. Overview
- 20.2.10.2. Products
- 20.2.10.3. SWOT Analysis
- 20.2.10.4. Recent Developments
- 20.2.10.5. Financials (Based on Availability)
- 20.2.1 Cargill Incorporated
List of Figures
- Figure 1: Europe Pea Protein Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Pea Protein Market Share (%) by Company 2024
List of Tables
- Table 1: Europe Pea Protein Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 3: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 4: Europe Pea Protein Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Germany Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: France Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Italy Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: United Kingdom Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Netherlands Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Sweden Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Europe Europe Pea Protein Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 14: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 15: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 17: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 18: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 20: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 21: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 23: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 24: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 26: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 27: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 28: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 29: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 30: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
- Table 31: Europe Pea Protein Market Revenue Million Forecast, by Form 2019 & 2032
- Table 32: Europe Pea Protein Market Revenue Million Forecast, by Application 2019 & 2032
- Table 33: Europe Pea Protein Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Pea Protein Market?
The projected CAGR is approximately 9.20%.
2. Which companies are prominent players in the Europe Pea Protein Market?
Key companies in the market include Cargill Incorporated, Roquette Freres SA, Archer Daniels Midland Company (ADM), International Flavors & Fragrances Inc, Ceresal Gmbh*List Not Exhaustive, Koninklijke DSM N V, Kerry Group PLC, Emsland Food GmbH, Cosucra Groupe Warcoing SA, Ingredion Incorporated.
3. What are the main segments of the Europe Pea Protein Market?
The market segments include Form, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 204.5 Million as of 2022.
5. What are some drivers contributing to market growth?
Growing Demand for Plant Based Alternatives; Expanding Application of Pea Protein Toward Food Fortification.
6. What are the notable trends driving market growth?
Growing Demand for Plant Based Alternatives.
7. Are there any restraints impacting market growth?
Low Awareness and Application of the Additive.
8. Can you provide examples of recent developments in the market?
February 2024: Roquette Freres SA launched four multi-functional pea proteins designed to improve taste, texture, and creativity in plant-based food and high-protein nutritional products. The four pea protein ingredients include NUTRALYS® Pea F853M (isolate), NUTRALYS® H85 (hydrolysate), NUTRALYS® T Pea 700FL (textured) and NUTRALYS® T Pea 700M (textured).
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Pea Protein Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe Pea Protein Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe Pea Protein Market?
To stay informed about further developments, trends, and reports in the Europe Pea Protein Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence