Key Insights
The Canadian feed additive market, valued at approximately $1.2 billion CAD in 2025, is projected to experience steady growth, driven by increasing demand for animal protein and a rising focus on animal health and productivity. The 3.20% CAGR indicates a consistent expansion, influenced by several key factors. The growing aquaculture sector, particularly in British Columbia and Atlantic Canada, significantly contributes to market growth, alongside a robust swine and poultry industry demanding high-quality feed additives for optimal animal performance. Furthermore, increasing consumer awareness of food safety and the need for sustainable livestock farming practices is pushing adoption of advanced feed additives that enhance nutrient utilization and reduce environmental impact. Acidifiers, a major segment, are experiencing strong demand due to their role in improving gut health and reducing disease prevalence. Key players, including Solvay S.A., Nutreco, DSM, and others, are strategically investing in research and development to introduce innovative products catering to specific animal needs and market demands within the Canadian context. Competition is intense, with multinational corporations and regional players vying for market share through product differentiation and strategic partnerships. The regional distribution across Eastern, Western, and Central Canada reflects varying levels of agricultural activity and animal production, influencing the market dynamics within each region.
The market's growth trajectory is expected to remain positive through 2033, propelled by factors including government support for sustainable agriculture, ongoing technological advancements in feed additive formulations, and the increasing adoption of precision livestock farming. However, potential restraints include fluctuating raw material prices, stringent regulatory approvals for novel additives, and potential shifts in consumer preferences influencing demand for specific animal products. Therefore, companies are focusing on building strong distribution networks, enhancing their product portfolios, and developing sustainable and cost-effective solutions to navigate these challenges and secure their market positions. Analyzing the segment performance of acidifiers alongside other additives (such as enzymes, probiotics, and vitamins) is crucial for understanding the overall market composition and future growth potential. The market shows promise for continued expansion, provided that companies can adapt to evolving industry needs and regulatory landscapes.

Canada Feed Additive Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Canada feed additive market, offering invaluable insights for stakeholders seeking to navigate this dynamic sector. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report delivers a robust understanding of past performance, current market dynamics, and future growth projections. The total market value is estimated at xx Million in 2025 and is projected to reach xx Million by 2033.
Canada Feed Additive Market Composition & Trends
This section delves into the intricate composition of the Canadian feed additive market, examining key trends shaping its trajectory. We analyze market concentration, revealing the dominance of key players and their respective market share distribution. Innovation catalysts, such as advancements in biotechnology and precision feeding technologies, are thoroughly explored. The regulatory landscape, including evolving standards and compliance requirements, is critically assessed. The report also identifies substitute products and their potential impact on market dynamics. In-depth profiling of end-users, encompassing various animal production sectors, provides critical insights into consumption patterns and preferences. Finally, we analyze M&A activities, including deal values and their implications for market consolidation.
- Market Concentration: The Canadian feed additive market exhibits a moderately concentrated structure, with the top five players accounting for approximately xx% of the total market share in 2024.
- Innovation Catalysts: Advancements in precision feeding, phytogenics, and microbiome modulation are driving innovation within the market.
- Regulatory Landscape: Stringent regulations concerning feed safety and environmental impact are influencing market practices.
- Substitute Products: The emergence of alternative feed solutions, such as plant-based protein sources, presents both opportunities and challenges for traditional feed additive manufacturers.
- M&A Activities: Recent years have witnessed several significant mergers and acquisitions, with total deal values exceeding xx Million between 2019 and 2024.

Canada Feed Additive Market Industry Evolution
This section charts the evolution of the Canadian feed additive market, analyzing its growth trajectory across the historical (2019-2024) and forecast periods (2025-2033). We examine technological advancements such as the rise of data-driven feed management and the development of novel additive formulations, including enzyme complexes and probiotics. The report also investigates shifting consumer preferences, focusing on the increasing demand for sustainable and environmentally friendly feed additives. Growth rates for various segments are presented, showing the industry's overall expansion and the impact of emerging trends. Adoption rates of new technologies are analyzed, providing insights into their market penetration and overall contribution to growth.
The market has witnessed a CAGR of xx% during 2019-2024, driven by factors such as the growing demand for animal protein, increasing awareness of animal health and welfare, and technological advancements in feed additive development. The forecast period (2025-2033) is expected to see a CAGR of xx%, fueled by the increasing adoption of sustainable feed additives and the expansion of aquaculture.
Leading Regions, Countries, or Segments in Canada Feed Additive Market
This section identifies the dominant segments and regions within the Canadian feed additive market. Detailed analysis reveals the key factors driving their growth and market leadership.
Dominant Segment: The swine segment currently holds the largest market share due to high feed additive usage in intensive swine production systems.
Key Drivers for Swine Segment Dominance:
- High livestock density.
- Focus on improved feed efficiency and growth performance.
- Stringent regulations pertaining to swine health and welfare drive the adoption of advanced feed additives.
Other Key Segments: Other segments such as other ruminants, aquaculture, and other animals also show promising growth trajectories, albeit at a slower pace compared to the swine segment.
The report provides detailed analysis of each segment, discussing the unique factors that influence their performance within the broader market.
Canada Feed Additive Market Product Innovations
Recent years have witnessed significant innovation in the Canadian feed additive market. New products emphasizing improved digestibility, enhanced nutrient utilization, and disease prevention are gaining prominence. Advancements in enzyme technology, such as the development of more efficient and stable enzyme complexes, have improved feed efficiency and reduced environmental impact. Furthermore, the use of precision feeding technologies allows for targeted additive delivery, optimizing animal performance and minimizing waste. The introduction of novel phytogenic additives provides natural alternatives to traditional synthetic products, aligning with the growing demand for sustainable solutions.
Propelling Factors for Canada Feed Additive Market Growth
Several factors contribute to the growth of the Canadian feed additive market. The increasing demand for animal protein, coupled with the need for efficient and sustainable livestock production, is a major driver. Technological advancements in feed additive development and delivery systems further propel market growth. Favorable government regulations and incentives promoting the adoption of advanced feed solutions also contribute to market expansion. The rising awareness of animal health and welfare, particularly regarding the prevention of diseases, drives adoption of specialized feed additives.
Obstacles in the Canada Feed Additive Market
Despite significant growth potential, the Canadian feed additive market faces several challenges. Fluctuations in raw material prices can impact production costs and profitability. Strict regulatory requirements regarding feed safety and environmental compliance add complexity to market operations. Competition from both domestic and international players presents a significant challenge. Supply chain disruptions due to unforeseen events, such as pandemics or natural disasters, can further impact market stability.
Future Opportunities in Canada Feed Additive Market
The Canadian feed additive market presents promising future opportunities. The growing demand for sustainable and environmentally friendly feed solutions creates potential for the adoption of bio-based and circular economy-focused feed additives. Advancements in precision feeding technologies offer opportunities for optimized feed management and improved animal performance. The expanding aquaculture industry presents significant growth potential for specialized feed additives targeted towards aquatic species. The market also holds potential for the development and introduction of novel additives that promote animal health and welfare.
Major Players in the Canada Feed Additive Market Ecosystem
- Solvay S A
- SHV (Nutreco NV)
- DSM Nutritional Products AG
- Elanco Animal Health Inc
- Evonik Industries AG
- Archer Daniel Midland Co
- BASF SE
- Alltech Inc
- Cargill Inc
- IFF(Danisco Animal Nutrition)
Key Developments in Canada Feed Additive Market Industry
- April 2022: Elanco and Royal DSM partnered for Bovaer, a methane-reducing feed additive for cattle, showcasing innovation in sustainable livestock farming.
- June 2022: Delacon and Cargill collaborated to establish a global plant-based phytogenic feed additives business, signifying a move towards natural and sustainable solutions.
- October 2022: Evonik and BASF's partnership for OpteinicsTM highlights the integration of digital solutions to improve efficiency and reduce environmental impact in the animal protein and feed industry.
Strategic Canada Feed Additive Market Forecast
The Canadian feed additive market is poised for robust growth over the forecast period (2025-2033), driven by several factors. The increasing demand for sustainable and efficient livestock production, coupled with ongoing technological advancements, will fuel market expansion. The growing adoption of precision feeding technologies and the increasing focus on animal health and welfare will further contribute to market growth. The emergence of innovative, environmentally friendly feed additives presents significant opportunities for market players. The forecast reflects a positive outlook for the Canadian feed additive market, indicating a substantial growth trajectory in the coming years.
Canada Feed Additive Market Segmentation
-
1. Additive
-
1.1. Acidifiers
-
1.1.1. By Sub Additive
- 1.1.1.1. Fumaric Acid
- 1.1.1.2. Lactic Acid
- 1.1.1.3. Propionic Acid
- 1.1.1.4. Other Acidifiers
-
1.1.1. By Sub Additive
-
1.2. Amino Acids
- 1.2.1. Lysine
- 1.2.2. Methionine
- 1.2.3. Threonine
- 1.2.4. Tryptophan
- 1.2.5. Other Amino Acids
-
1.3. Antibiotics
- 1.3.1. Bacitracin
- 1.3.2. Penicillins
- 1.3.3. Tetracyclines
- 1.3.4. Tylosin
- 1.3.5. Other Antibiotics
-
1.4. Antioxidants
- 1.4.1. Butylated Hydroxyanisole (BHA)
- 1.4.2. Butylated Hydroxytoluene (BHT)
- 1.4.3. Citric Acid
- 1.4.4. Ethoxyquin
- 1.4.5. Propyl Gallate
- 1.4.6. Tocopherols
- 1.4.7. Other Antioxidants
-
1.5. Binders
- 1.5.1. Natural Binders
- 1.5.2. Synthetic Binders
-
1.6. Enzymes
- 1.6.1. Carbohydrases
- 1.6.2. Phytases
- 1.6.3. Other Enzymes
- 1.7. Flavors & Sweeteners
-
1.8. Minerals
- 1.8.1. Macrominerals
- 1.8.2. Microminerals
-
1.9. Mycotoxin Detoxifiers
- 1.9.1. Biotransformers
-
1.10. Phytogenics
- 1.10.1. Essential Oil
- 1.10.2. Herbs & Spices
- 1.10.3. Other Phytogenics
-
1.11. Pigments
- 1.11.1. Carotenoids
- 1.11.2. Curcumin & Spirulina
-
1.12. Prebiotics
- 1.12.1. Fructo Oligosaccharides
- 1.12.2. Galacto Oligosaccharides
- 1.12.3. Inulin
- 1.12.4. Lactulose
- 1.12.5. Mannan Oligosaccharides
- 1.12.6. Xylo Oligosaccharides
- 1.12.7. Other Prebiotics
-
1.13. Probiotics
- 1.13.1. Bifidobacteria
- 1.13.2. Enterococcus
- 1.13.3. Lactobacilli
- 1.13.4. Pediococcus
- 1.13.5. Streptococcus
- 1.13.6. Other Probiotics
-
1.14. Vitamins
- 1.14.1. Vitamin A
- 1.14.2. Vitamin B
- 1.14.3. Vitamin C
- 1.14.4. Vitamin E
- 1.14.5. Other Vitamins
-
1.15. Yeast
- 1.15.1. Live Yeast
- 1.15.2. Selenium Yeast
- 1.15.3. Spent Yeast
- 1.15.4. Torula Dried Yeast
- 1.15.5. Whey Yeast
- 1.15.6. Yeast Derivatives
-
1.1. Acidifiers
-
2. Animal
-
2.1. Aquaculture
-
2.1.1. By Sub Animal
- 2.1.1.1. Fish
- 2.1.1.2. Shrimp
- 2.1.1.3. Other Aquaculture Species
-
2.1.1. By Sub Animal
-
2.2. Poultry
- 2.2.1. Broiler
- 2.2.2. Layer
- 2.2.3. Other Poultry Birds
-
2.3. Ruminants
- 2.3.1. Beef Cattle
- 2.3.2. Dairy Cattle
- 2.3.3. Other Ruminants
- 2.4. Swine
- 2.5. Other Animals
-
2.1. Aquaculture
Canada Feed Additive Market Segmentation By Geography
- 1. Canada

Canada Feed Additive 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 3.20% 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. Increase in Fish Consumption; Rise in Export-oriented Aquaculture
- 3.3. Market Restrains
- 3.3.1. Fluctuating Global Prices of Raw Materials; Increasing Disease Epidemics in Major Markets
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 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. Canada Feed Additive Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Additive
- 5.1.1. Acidifiers
- 5.1.1.1. By Sub Additive
- 5.1.1.1.1. Fumaric Acid
- 5.1.1.1.2. Lactic Acid
- 5.1.1.1.3. Propionic Acid
- 5.1.1.1.4. Other Acidifiers
- 5.1.1.1. By Sub Additive
- 5.1.2. Amino Acids
- 5.1.2.1. Lysine
- 5.1.2.2. Methionine
- 5.1.2.3. Threonine
- 5.1.2.4. Tryptophan
- 5.1.2.5. Other Amino Acids
- 5.1.3. Antibiotics
- 5.1.3.1. Bacitracin
- 5.1.3.2. Penicillins
- 5.1.3.3. Tetracyclines
- 5.1.3.4. Tylosin
- 5.1.3.5. Other Antibiotics
- 5.1.4. Antioxidants
- 5.1.4.1. Butylated Hydroxyanisole (BHA)
- 5.1.4.2. Butylated Hydroxytoluene (BHT)
- 5.1.4.3. Citric Acid
- 5.1.4.4. Ethoxyquin
- 5.1.4.5. Propyl Gallate
- 5.1.4.6. Tocopherols
- 5.1.4.7. Other Antioxidants
- 5.1.5. Binders
- 5.1.5.1. Natural Binders
- 5.1.5.2. Synthetic Binders
- 5.1.6. Enzymes
- 5.1.6.1. Carbohydrases
- 5.1.6.2. Phytases
- 5.1.6.3. Other Enzymes
- 5.1.7. Flavors & Sweeteners
- 5.1.8. Minerals
- 5.1.8.1. Macrominerals
- 5.1.8.2. Microminerals
- 5.1.9. Mycotoxin Detoxifiers
- 5.1.9.1. Biotransformers
- 5.1.10. Phytogenics
- 5.1.10.1. Essential Oil
- 5.1.10.2. Herbs & Spices
- 5.1.10.3. Other Phytogenics
- 5.1.11. Pigments
- 5.1.11.1. Carotenoids
- 5.1.11.2. Curcumin & Spirulina
- 5.1.12. Prebiotics
- 5.1.12.1. Fructo Oligosaccharides
- 5.1.12.2. Galacto Oligosaccharides
- 5.1.12.3. Inulin
- 5.1.12.4. Lactulose
- 5.1.12.5. Mannan Oligosaccharides
- 5.1.12.6. Xylo Oligosaccharides
- 5.1.12.7. Other Prebiotics
- 5.1.13. Probiotics
- 5.1.13.1. Bifidobacteria
- 5.1.13.2. Enterococcus
- 5.1.13.3. Lactobacilli
- 5.1.13.4. Pediococcus
- 5.1.13.5. Streptococcus
- 5.1.13.6. Other Probiotics
- 5.1.14. Vitamins
- 5.1.14.1. Vitamin A
- 5.1.14.2. Vitamin B
- 5.1.14.3. Vitamin C
- 5.1.14.4. Vitamin E
- 5.1.14.5. Other Vitamins
- 5.1.15. Yeast
- 5.1.15.1. Live Yeast
- 5.1.15.2. Selenium Yeast
- 5.1.15.3. Spent Yeast
- 5.1.15.4. Torula Dried Yeast
- 5.1.15.5. Whey Yeast
- 5.1.15.6. Yeast Derivatives
- 5.1.1. Acidifiers
- 5.2. Market Analysis, Insights and Forecast - by Animal
- 5.2.1. Aquaculture
- 5.2.1.1. By Sub Animal
- 5.2.1.1.1. Fish
- 5.2.1.1.2. Shrimp
- 5.2.1.1.3. Other Aquaculture Species
- 5.2.1.1. By Sub Animal
- 5.2.2. Poultry
- 5.2.2.1. Broiler
- 5.2.2.2. Layer
- 5.2.2.3. Other Poultry Birds
- 5.2.3. Ruminants
- 5.2.3.1. Beef Cattle
- 5.2.3.2. Dairy Cattle
- 5.2.3.3. Other Ruminants
- 5.2.4. Swine
- 5.2.5. Other Animals
- 5.2.1. Aquaculture
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Canada
- 5.1. Market Analysis, Insights and Forecast - by Additive
- 6. Eastern Canada Canada Feed Additive Market Analysis, Insights and Forecast, 2019-2031
- 7. Western Canada Canada Feed Additive Market Analysis, Insights and Forecast, 2019-2031
- 8. Central Canada Canada Feed Additive Market Analysis, Insights and Forecast, 2019-2031
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2024
- 9.2. Company Profiles
- 9.2.1 Solvay S A
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 SHV (Nutreco NV)
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 DSM Nutritional Products AG
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 Elanco Animal Health Inc
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 Evonik Industries AG
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Archer Daniel Midland Co
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 BASF SE
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 Alltech Inc
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 Cargill Inc
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 IFF(Danisco Animal Nutrition)
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Solvay S A
List of Figures
- Figure 1: Canada Feed Additive Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Canada Feed Additive Market Share (%) by Company 2024
List of Tables
- Table 1: Canada Feed Additive Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Canada Feed Additive Market Revenue Million Forecast, by Additive 2019 & 2032
- Table 3: Canada Feed Additive Market Revenue Million Forecast, by Animal 2019 & 2032
- Table 4: Canada Feed Additive Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Canada Feed Additive Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Eastern Canada Canada Feed Additive Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: Western Canada Canada Feed Additive Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Central Canada Canada Feed Additive Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Canada Feed Additive Market Revenue Million Forecast, by Additive 2019 & 2032
- Table 10: Canada Feed Additive Market Revenue Million Forecast, by Animal 2019 & 2032
- Table 11: Canada Feed Additive Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Canada Feed Additive Market?
The projected CAGR is approximately 3.20%.
2. Which companies are prominent players in the Canada Feed Additive Market?
Key companies in the market include Solvay S A, SHV (Nutreco NV), DSM Nutritional Products AG, Elanco Animal Health Inc, Evonik Industries AG, Archer Daniel Midland Co, BASF SE, Alltech Inc, Cargill Inc, IFF(Danisco Animal Nutrition).
3. What are the main segments of the Canada Feed Additive Market?
The market segments include Additive, Animal.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increase in Fish Consumption; Rise in Export-oriented Aquaculture.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Fluctuating Global Prices of Raw Materials; Increasing Disease Epidemics in Major Markets.
8. Can you provide examples of recent developments in the market?
October 2022: The partnership between Evonik and BASF allowed Evonik certain non-exclusive licensing rights to OpteinicsTM, a digital solution to improve comprehension and reduce the environmental impact of the animal protein and feed industries.June 2022: Delacon and Cargill collaborated to establish a global plant-based phytogenic feed additives business for enhanced animal nutrition. The partnership has helped in extensive feed additives expertise as well as an increase in the global presence.April 2022: A strategic partnership has been made between Elanco and Royal DSM for Bovaer, an innovative, methane-reducing feed additive for cattle.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 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 "Canada Feed Additive 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 Canada Feed Additive 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 Canada Feed Additive Market?
To stay informed about further developments, trends, and reports in the Canada Feed Additive 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