Key Insights
The African confectionery market, valued at approximately $XX million in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) of 8.40% from 2025 to 2033. This growth is fueled by several key drivers. Rising disposable incomes across several African nations, particularly in urban centers, are leading to increased spending on discretionary items like confectionery. A burgeoning young population, with a significant portion of consumers in the 15-35 age bracket, represents a large and increasingly influential consumer base. Furthermore, the growing popularity of convenient formats, such as individually wrapped chocolates and smaller packs of sweets, caters to evolving consumer preferences and lifestyles. The expansion of organized retail channels like supermarkets and hypermarkets, coupled with the emergence of online retail platforms, further enhances market accessibility and drives sales. However, the market also faces challenges. Economic volatility in certain regions, along with fluctuating raw material prices (sugar, cocoa, etc.), can impact profitability and production costs. Additionally, competition from both established international players and local brands necessitates continuous innovation and effective marketing strategies for success within the market. The chocolate confectionery segment currently dominates the market due to its appeal across various demographics, while the convenience store distribution channel leads in sales volume reflecting consumer preference for quick and easy access to treats. Within the Middle East and Africa region, countries like the UAE, South Africa, and Saudi Arabia represent significant market pockets, fueled by higher per capita incomes and Westernized consumption patterns. The forecast suggests continued growth in this segment, though the actual rate will depend on factors like economic stability and successful marketing campaigns.
The market's segmentation by product type (chocolate, sugar, other confectionery), distribution channel (convenience stores, online retail, supermarkets), and confection type reveals key consumer preferences and industry trends. Significant opportunities exist for companies to tailor their offerings and marketing strategies to meet the specific needs of different consumer segments and regional markets. For instance, focusing on healthier options, locally sourced ingredients, and innovative flavors could provide a competitive edge. International players are likely to continue to dominate the market given their established brand recognition and wider product portfolios. However, smaller, local companies possess the potential for strong growth by capitalizing on regional preferences and offering competitive pricing. Continued investment in infrastructure, particularly in distribution networks, will also significantly contribute to the overall market expansion throughout the forecast period.
This detailed report provides a comprehensive analysis of the Africa confectionery market, offering invaluable insights for industry stakeholders, investors, and businesses seeking to navigate this dynamic landscape. The report covers the period 2019-2033, with a focus on the estimated year 2025, and includes historical data (2019-2024) and future projections (2025-2033). The market is segmented by product type (chocolate confectionery, sugar confectionery, other confectionery), distribution channel (convenience store, online retail store, supermarket/hypermarket, others), and confection type (chocolate, others). Key players analyzed include Afrikoa, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle BV, General Mills Inc, PepsiCo Inc, Tiger Brands, August Storck KG, Ferrero International SA, Mars Incorporated, Yıldız Holding AŞ, Arcor S.A.I.C, HARIBO Holding GmbH & Co KG, Mondelēz International Inc, The Hershey Company, and Kellogg Company. The report's value surpasses xx Million USD.

Africa Confectionery Market Market Concentration & Innovation
This section analyzes the competitive landscape, innovation trends, and regulatory influences shaping the African confectionery market. Market concentration is assessed through market share analysis of key players, revealing a moderately concentrated market with several dominant players and numerous smaller regional brands. The report quantifies market share for each key player, revealing a xx% market share held by the top 5 players in 2024. Innovation is driven by evolving consumer preferences towards healthier options, premiumization, and unique flavor profiles. Regulatory frameworks concerning food safety, labeling, and import/export regulations influence market dynamics. Product substitution, driven by health-conscious consumers opting for alternatives, is also discussed. M&A activity is analyzed, examining deal values and strategic implications, with a xx Million USD total value observed in M&A transactions in the historical period. End-user trends focusing on changing consumption patterns (e.g., increased snacking, growing demand for convenience) are also considered.
- Market Share Analysis: xx% held by top 5 players in 2024.
- M&A Activity: Total deal value of xx Million USD during 2019-2024.
- Key Innovation Drivers: Healthier options, premiumization, unique flavors.
- Regulatory Impacts: Food safety, labeling, import/export regulations.
Africa Confectionery Market Industry Trends & Insights
The African confectionery market exhibits strong growth potential, driven by factors such as rising disposable incomes, urbanization, and changing consumer preferences. The report projects a CAGR of xx% during the forecast period (2025-2033). Technological advancements in production and packaging enhance efficiency and product quality. Consumer preferences are shifting towards healthier and more convenient options, influencing product development. Competitive dynamics are analyzed, examining strategies employed by key players, including brand building, product diversification, and distribution expansion. Market penetration varies across regions, with higher penetration in urban areas compared to rural regions. The report also identifies significant consumer preference shifts toward ethically sourced ingredients and sustainable packaging as key growth drivers. The penetration of online retail channels is growing rapidly, presenting both opportunities and challenges for confectionery companies.

Dominant Markets & Segments in Africa Confectionery Market
This section identifies the leading regions, countries, and segments within the African confectionery market. The analysis considers various factors driving market dominance, including economic growth, population demographics, consumer spending patterns, and infrastructure development.
- Leading Region: South Africa, due to its strong economy and established retail infrastructure.
- Dominant Product Type: Chocolate confectionery, driven by high consumer demand and increasing affordability.
- Leading Distribution Channel: Supermarket/hypermarket, owing to its extensive reach and established supply chains.
- Key Drivers of Dominance (South Africa):
- Stronger economic growth compared to other African nations.
- Established retail infrastructure and efficient distribution networks.
- Higher disposable incomes, enabling increased confectionery consumption.
Detailed analysis of each segment is included in the report, including an assessment of market size and growth projections for each segment. The report explains the factors contributing to the dominance of each segment in detail.
Africa Confectionery Market Product Developments
The African confectionery market witnesses continuous innovation in product offerings. Companies are introducing new flavors, formats, and product lines tailored to local preferences. Health-conscious options such as reduced sugar, vegan, and protein-rich confectionery are gaining traction. Technological advancements in production enhance efficiency and minimize waste. Competitive advantages arise from superior product quality, unique flavor profiles, and effective branding. Companies are adopting sustainable packaging and incorporating ethically sourced ingredients to appeal to environmentally and socially conscious consumers. The market is witnessing strong trends towards convenient packaging options and the integration of advanced technologies in production to improve efficiency and product quality.
Report Scope & Segmentation Analysis
This report comprehensively segments the Africa confectionery market based on product type, distribution channel, and confection type.
- Product Type: Chocolate confectionery, Sugar confectionery, Other confectionery. Growth projections and market sizes are provided for each segment, along with an analysis of competitive dynamics.
- Distribution Channel: Convenience store, Online retail store, Supermarket/hypermarket, Others. Each channel's market size, growth projections, and competitive landscape are detailed.
- Confection Type: Chocolate, Others. The report analyzes the growth potential and competitive dynamics within each confection type segment.
Each segment's growth is projected using a variety of market research techniques. The competitive analysis focuses on the main players in each segment.
Key Drivers of Africa Confectionery Market Growth
Several factors fuel the growth of the African confectionery market. Rising disposable incomes are leading to increased discretionary spending on treats. Rapid urbanization is increasing the accessibility of confectionery products. A young and growing population provides a large consumer base. The increasing penetration of modern retail channels facilitates wider product distribution.
Challenges in the Africa Confectionery Market Sector
The African confectionery market faces challenges such as fluctuating raw material prices, impacting production costs and profitability. Infrastructure limitations in some regions hinder efficient distribution. Intense competition among established and emerging brands puts pressure on profit margins. Regulatory hurdles and import/export complexities can increase operational costs. The fluctuating exchange rates in some African countries also pose a risk for international players. These factors combine to restrict the market's growth to some extent.
Emerging Opportunities in Africa Confectionery Market
Opportunities lie in expanding into underserved rural markets. Catering to growing health consciousness by offering healthier options presents a significant opportunity. Leveraging e-commerce to broaden distribution channels enhances market reach. Partnering with local manufacturers and distributors strengthens market penetration. Adapting product offerings to cater to diverse regional preferences enables customization and boosts market appeal. The report identifies specific areas of opportunity in detail, with recommendations on how confectionery companies can leverage these opportunities.
Leading Players in the Africa Confectionery Market Market
- Afrikoa
- Nestlé SA
- Chocoladefabriken Lindt & Sprüngli AG
- Perfetti Van Melle BV
- General Mills Inc
- PepsiCo Inc
- Tiger Brands
- August Storck KG
- Ferrero International SA
- Mars Incorporated
- Yıldız Holding AŞ
- Arcor S.A.I.C
- HARIBO Holding GmbH & Co KG
- Mondelēz International Inc
- The Hershey Company
- Kellogg Company
Key Developments in Africa Confectionery Market Industry
- July 2023: Chocoladefabriken Lindt & Sprüngli AG launched a vegan chocolate range in South Africa, introducing Lindt Vegan Smooth Chocolate and Lindt Vegan Hazelnut Chocolate. This caters to the growing demand for plant-based alternatives.
- May 2023: Mondelēz International Inc. launched three new special edition Dairy Milk flavors (Fudge Cookie Crumble, Fudge Mint Crisp, and Dream Coconut & Hazelnut Bliss), adding excitement to the market.
- April 2023: The Hershey Company introduced a ONE brand Peanut Butter & Jelly Flavored Protein Bar, capitalizing on health-conscious consumer preferences. These developments demonstrate the industry's responsiveness to changing consumer demand and preferences.
Strategic Outlook for Africa Confectionery Market Market
The Africa confectionery market is poised for continued growth, driven by rising incomes, urbanization, and shifting consumer preferences. Companies that effectively adapt to local tastes, leverage technological advancements, and adopt sustainable practices are best positioned for success. The focus on health-conscious options and strategic distribution strategies will be critical in maximizing market share. The long-term outlook remains positive, with significant potential for market expansion and innovation.
Africa Confectionery Market Segmentation
-
1. Confections
-
1.1. Chocolate
-
1.1.1. By Confectionery Variant
- 1.1.1.1. Dark Chocolate
- 1.1.1.2. Milk and White Chocolate
-
1.1.1. By Confectionery Variant
-
1.2. Gums
- 1.2.1. Bubble Gum
-
1.2.2. Chewing Gum
-
1.2.2.1. By Sugar Content
- 1.2.2.1.1. Sugar Chewing Gum
- 1.2.2.1.2. Sugar-free Chewing Gum
-
1.2.2.1. By Sugar Content
-
1.3. Snack Bar
- 1.3.1. Cereal Bar
- 1.3.2. Fruit & Nut Bar
- 1.3.3. Protein Bar
-
1.4. Sugar Confectionery
- 1.4.1. Hard Candy
- 1.4.2. Lollipops
- 1.4.3. Mints
- 1.4.4. Pastilles, Gummies, and Jellies
- 1.4.5. Toffees and Nougats
- 1.4.6. Others
-
1.1. Chocolate
-
2. Distribution Channel
- 2.1. Convenience Store
- 2.2. Online Retail Store
- 2.3. Supermarket/Hypermarket
- 2.4. Others
Africa Confectionery Market Segmentation By Geography
-
1. Africa
- 1.1. Nigeria
- 1.2. South Africa
- 1.3. Egypt
- 1.4. Kenya
- 1.5. Ethiopia
- 1.6. Morocco
- 1.7. Ghana
- 1.8. Algeria
- 1.9. Tanzania
- 1.10. Ivory Coast

Africa Confectionery 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 8.40% 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. Increasing Focus on Maintaining Health and Well-Being; Launching Supplements For Specific Purposes and Targeted Population
- 3.3. Market Restrains
- 3.3.1. Supplement Consumption and Their Side-effects; Inclination Towards Substitute Products
- 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. Africa Confectionery Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Confections
- 5.1.1. Chocolate
- 5.1.1.1. By Confectionery Variant
- 5.1.1.1.1. Dark Chocolate
- 5.1.1.1.2. Milk and White Chocolate
- 5.1.1.1. By Confectionery Variant
- 5.1.2. Gums
- 5.1.2.1. Bubble Gum
- 5.1.2.2. Chewing Gum
- 5.1.2.2.1. By Sugar Content
- 5.1.2.2.1.1. Sugar Chewing Gum
- 5.1.2.2.1.2. Sugar-free Chewing Gum
- 5.1.2.2.1. By Sugar Content
- 5.1.3. Snack Bar
- 5.1.3.1. Cereal Bar
- 5.1.3.2. Fruit & Nut Bar
- 5.1.3.3. Protein Bar
- 5.1.4. Sugar Confectionery
- 5.1.4.1. Hard Candy
- 5.1.4.2. Lollipops
- 5.1.4.3. Mints
- 5.1.4.4. Pastilles, Gummies, and Jellies
- 5.1.4.5. Toffees and Nougats
- 5.1.4.6. Others
- 5.1.1. Chocolate
- 5.2. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.2.1. Convenience Store
- 5.2.2. Online Retail Store
- 5.2.3. Supermarket/Hypermarket
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Africa
- 5.1. Market Analysis, Insights and Forecast - by Confections
- 6. UAE Africa Confectionery Market Analysis, Insights and Forecast, 2019-2031
- 7. South Africa Africa Confectionery Market Analysis, Insights and Forecast, 2019-2031
- 8. Saudi Arabia Africa Confectionery Market Analysis, Insights and Forecast, 2019-2031
- 9. Rest of MEA Africa Confectionery Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Afrikoa
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Nestlé SA
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Chocoladefabriken Lindt & Sprüngli AG
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Perfetti Van Melle BV
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 General Mills Inc
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 PepsiCo Inc
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Tiger Brands
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 August Storck KG
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Ferrero International SA
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Mars Incorporated
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Yıldız Holding A
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.12 Arcor S A I C
- 10.2.12.1. Overview
- 10.2.12.2. Products
- 10.2.12.3. SWOT Analysis
- 10.2.12.4. Recent Developments
- 10.2.12.5. Financials (Based on Availability)
- 10.2.13 HARIBO Holding GmbH & Co KG
- 10.2.13.1. Overview
- 10.2.13.2. Products
- 10.2.13.3. SWOT Analysis
- 10.2.13.4. Recent Developments
- 10.2.13.5. Financials (Based on Availability)
- 10.2.14 Mondelēz International Inc
- 10.2.14.1. Overview
- 10.2.14.2. Products
- 10.2.14.3. SWOT Analysis
- 10.2.14.4. Recent Developments
- 10.2.14.5. Financials (Based on Availability)
- 10.2.15 The Hershey Company
- 10.2.15.1. Overview
- 10.2.15.2. Products
- 10.2.15.3. SWOT Analysis
- 10.2.15.4. Recent Developments
- 10.2.15.5. Financials (Based on Availability)
- 10.2.16 Kellogg Company
- 10.2.16.1. Overview
- 10.2.16.2. Products
- 10.2.16.3. SWOT Analysis
- 10.2.16.4. Recent Developments
- 10.2.16.5. Financials (Based on Availability)
- 10.2.1 Afrikoa
List of Figures
- Figure 1: Africa Confectionery Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Africa Confectionery Market Share (%) by Company 2024
List of Tables
- Table 1: Africa Confectionery Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Africa Confectionery Market Revenue Million Forecast, by Confections 2019 & 2032
- Table 3: Africa Confectionery Market Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 4: Africa Confectionery Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Africa Confectionery Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: UAE Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: South Africa Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Saudi Arabia Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Rest of MEA Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Africa Confectionery Market Revenue Million Forecast, by Confections 2019 & 2032
- Table 11: Africa Confectionery Market Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 12: Africa Confectionery Market Revenue Million Forecast, by Country 2019 & 2032
- Table 13: Nigeria Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: South Africa Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Egypt Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Kenya Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 17: Ethiopia Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Morocco Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Ghana Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Algeria Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Tanzania Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Ivory Coast Africa Confectionery Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Africa Confectionery Market?
The projected CAGR is approximately 8.40%.
2. Which companies are prominent players in the Africa Confectionery Market?
Key companies in the market include Afrikoa, Nestlé SA, Chocoladefabriken Lindt & Sprüngli AG, Perfetti Van Melle BV, General Mills Inc, PepsiCo Inc, Tiger Brands, August Storck KG, Ferrero International SA, Mars Incorporated, Yıldız Holding A, Arcor S A I C, HARIBO Holding GmbH & Co KG, Mondelēz International Inc, The Hershey Company, Kellogg Company.
3. What are the main segments of the Africa Confectionery Market?
The market segments include Confections, Distribution Channel.
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?
Increasing Focus on Maintaining Health and Well-Being; Launching Supplements For Specific Purposes and Targeted Population.
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?
Supplement Consumption and Their Side-effects; Inclination Towards Substitute Products.
8. Can you provide examples of recent developments in the market?
July 2023: Chocoladefabriken Lindt & Sprüngli AG launched a vegan chocolate range in South Africa. The products are available in two vegan flavors – Lindt Vegan Smooth Chocolate (made with oats and almonds to deliver a smooth, creamy texture) and Lindt Vegan Hazelnut Chocolate (made with roasted hazelnuts and premium vegan chocolate for a nutty flavor).May 2023: Under its brand, Mondelēz International Inc. launched three new special edition flavors that deliver indulgence with much-loved flavor combinations. The 150 g slabs include Dairy Milk Fudge Cookie Crumble, Fudge Mint Crisp, and Dream Coconut & Hazelnut Bliss.April 2023: Under the ONE brand, The Hershey Company launched the Peanut Butter & Jelly Flavored Protein Bar. The ONE Limited Edition Peanut Butter & Jelly flavored bars are packed with 20 g of protein, 1 g of sugar, and the familiar taste of peanut butter and strawberry jelly flavors.
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 "Africa Confectionery 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 Africa Confectionery 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 Africa Confectionery Market?
To stay informed about further developments, trends, and reports in the Africa Confectionery 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