Key Insights
The European sourdough market, valued at €1.32 billion in 2025, is projected to experience robust growth, driven by increasing consumer demand for healthier and artisan bread products. The rising popularity of sourdough bread, attributed to its perceived health benefits (improved digestion, higher nutritional value) and unique flavor profile, fuels this expansion. Furthermore, the burgeoning craft bakery sector and the growing preference for natural, fermented foods are significant contributing factors. The market is segmented by application (bread and buns holding the largest share, followed by pizza bases and cakes) and end-user (industrial bakeries, foodservice, and retail, with foodservice experiencing notable growth due to increasing sourdough offerings in restaurants and cafes). Germany, France, Italy, and the UK are key regional markets, reflecting established bread-making cultures and strong consumer preferences for sourdough. While rising raw material costs and potential supply chain disruptions pose challenges, the overall market outlook remains positive, with a projected Compound Annual Growth Rate (CAGR) of 5.84% from 2025 to 2033. This growth trajectory is expected to be sustained by continued innovation in sourdough production techniques, the emergence of new product variations (e.g., sourdough crackers, pretzels), and the growing adoption of sourdough in various food applications beyond traditional bread. Competitive landscape analysis reveals a mix of large multinational companies and smaller artisan bakeries, highlighting the market’s diverse nature and opportunities for both established players and new entrants.
The sustained growth of the European sourdough market is anticipated to be influenced by several factors, including increasing consumer awareness regarding gut health and the role of probiotics in sourdough. Furthermore, the growing demand for gluten-free and other specialized sourdough varieties is opening new market segments. Marketing efforts focusing on the artisan and handcrafted nature of sourdough bread further enhance its premium image and command higher prices. Expansion into emerging markets within Europe and innovative product development, such as sourdough-based snacks and convenience foods, promise to further drive market expansion over the forecast period. However, maintaining consistent quality and supply, especially in the face of fluctuating raw material prices and seasonal variations in ingredient availability, remains a crucial challenge for market players. Effective supply chain management and strategic partnerships will be pivotal in ensuring consistent product availability and maintaining market competitiveness.

Europe Sourdough Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the Europe Sourdough Market, encompassing market size, growth drivers, competitive landscape, and future outlook. The study period covers 2019-2033, with 2025 as the base year and forecast period extending to 2033. This report is invaluable for industry stakeholders, investors, and businesses seeking to understand and capitalize on opportunities within this dynamic market. The report details market segmentation by application (Bread and Buns, Pizza Bases, Cakes, Other Applications) and end-user (Industrial Bakeries, Foodservice, Retail). Key players analyzed include The Bread Factory Limited, Lotus Bakeries, BREAD BREAD BAKERY LTD, Puratos Group, Portland French Bakery, Ernst Bocker GmbH & Co KG, Aryzta, Real Bread and Food Company, IREKS GmbH, and Riverside Sourdough.
Europe Sourdough Market Concentration & Innovation
This section analyzes the competitive landscape, innovation drivers, and regulatory aspects of the European sourdough market. Market concentration is moderate, with several key players holding significant but not dominant market share. The exact market share for each company is not available, therefore, using predicted values xx for the report. For instance, Puratos Group holds approximately xx% market share, followed by Aryzta with xx%, and other players holding the remaining xx%. Innovation is driven by consumer demand for healthier and more sustainable products, leading to increased R&D in sourdough starters and formulations. Regulatory frameworks concerning food safety and labeling significantly impact market operations. Product substitutes like yeast-leavened bread pose a competitive challenge. Mergers and acquisitions (M&A) activity is moderate, with deals primarily focused on expanding product portfolios and strengthening supply chains. Examples include Puratos Group's acquisition of Profimix in 2022 (value: xx Million). This illustrates companies' focus on acquiring businesses specializing in the production of healthy and well-being products for consumers.
- Market Concentration: Moderate, with no single dominant player.
- Innovation Drivers: Consumer demand for healthier and sustainable options.
- Regulatory Framework: Stringent food safety and labeling regulations.
- Product Substitutes: Yeast-leavened bread.
- M&A Activity: Moderate, focused on portfolio expansion and supply chain enhancement. Recent deals include Puratos Group's acquisitions and partnerships, valued at xx Million.
Europe Sourdough Market Industry Trends & Insights
The Europe Sourdough Market exhibits a robust growth trajectory, driven by increasing consumer awareness of sourdough bread's health benefits and unique flavor profile. The market is witnessing a shift towards premium and artisan sourdough products, catering to the growing demand for high-quality, natural ingredients. Technological advancements in sourdough fermentation and processing are improving efficiency and consistency. E-commerce platforms are expanding market access for artisanal bakers. The market CAGR for the forecast period (2025-2033) is estimated at xx%. Market penetration of sourdough bread within the overall bread market currently stands at xx%, with projections of xx% by 2033. Competitive dynamics are marked by innovation, brand building, and strategic partnerships. Consumer preferences are evolving towards sourdough products perceived as healthier, sustainable, and artisanal.

Dominant Markets & Segments in Europe Sourdough Market
The dominant segment in the European sourdough market is Bread and Buns by Application, capturing approximately xx% of the market share in 2025, with Retail being the leading end-user segment. The increase in the retail market is due to the growing adoption of online shopping.
- Germany: Strong established baking traditions and a large population.
- France: Rich history of artisanal bread making.
- UK: Rising consumer awareness of sourdough benefits.
Key Drivers:
- Strong established baking traditions and culture in several European countries.
- Growing consumer preference for healthier and artisan bread.
- Retail sector expansion with online channels and increasing adoption.
Dominance Analysis: The Retail segment dominates due to the wide availability of sourdough products through supermarkets and bakeries. The high demand for convenience products coupled with increased consumer purchasing power is boosting this segment.
Europe Sourdough Market Product Developments
Recent product innovations focus on improving the nutritional profile of sourdough products through the incorporation of whole grains, seeds, and sustainable ingredients. There’s an increasing trend towards developing gluten-free and other specialty sourdough products to cater to diverse dietary requirements. These innovations leverage technological advancements in sourdough fermentation and baking processes, offering improvements in texture, flavor, and shelf life. The market fit is strong, driven by consumer demand for healthier and more flavorful bread alternatives.
Report Scope & Segmentation Analysis
This report segments the Europe Sourdough Market by Application (Bread and Buns, Pizza Bases, Cakes, Other Applications) and End-User (Industrial Bakeries, Foodservice, Retail). Each segment exhibits distinct growth dynamics and competitive landscapes.
Application:
- Bread and Buns: Largest segment, expected to maintain strong growth due to high consumer demand.
- Pizza Bases: Growing segment benefiting from increasing pizza consumption.
- Cakes: Smaller segment, but with potential for growth due to innovation in recipes.
- Other Applications: Includes crackers and other baked goods.
End-User:
- Industrial Bakeries: Significant segment due to high-volume production.
- Foodservice: Growth driven by increasing demand in restaurants and cafes.
- Retail: Largest segment, capturing majority market share.
Key Drivers of Europe Sourdough Market Growth
The Europe Sourdough Market's growth is propelled by several factors. The rising awareness of sourdough's health benefits, including improved digestibility and nutrient bioavailability, is a key driver. Growing consumer preference for natural and artisanal products fuels demand for sourdough. Technological advancements in fermentation processes and baking equipment enhance efficiency and product quality. Government support for sustainable and local food systems also contributes to market growth.
Challenges in the Europe Sourdough Market Sector
The Europe Sourdough Market faces several challenges, including fluctuations in raw material prices (primarily flour), impacting production costs. Intense competition among established and new entrants necessitates continuous innovation and differentiation. Maintaining consistent sourdough quality and flavor can be challenging, requiring specialized expertise. Regulatory compliance and maintaining high safety standards in food production are critical factors. The overall impact of these challenges is an estimated xx% reduction in potential market growth.
Emerging Opportunities in Europe Sourdough Market
The emergence of specialized sourdough products catering to specific dietary needs (gluten-free, vegan) presents considerable opportunities. Growing interest in sustainable and ethical sourcing of ingredients creates avenues for companies promoting environmentally friendly practices. Leveraging e-commerce and online channels offers access to wider consumer bases. The expansion into new product categories like sourdough-based snacks and beverages further opens new markets.
Leading Players in the Europe Sourdough Market Market
- The Bread Factory Limited
- Lotus Bakeries
- BREAD BREAD BAKERY LTD
- Puratos Group
- Portland French Bakery
- Ernst Bocker GmbH & Co KG
- Aryzta
- Real Bread and Food Company
- IREKS GmbH
- Riverside Sourdough
Key Developments in Europe Sourdough Market Industry
- January 2021: Puratos Group collaborated with EverGrain to develop nutritious bakery products using sustainable barley ingredients.
- January 2022: Puratos Group acquired Profimix, expanding its product portfolio in health and well-being bakery items.
- August 2022: Puratos Group partnered with Shiru to explore sustainable plant-based protein ingredients for baked goods.
Strategic Outlook for Europe Sourdough Market Market
The Europe Sourdough Market shows promising future potential, driven by sustained consumer demand for healthy and artisanal foods. Further innovation in sourdough formulations and processing technologies will play a crucial role in market expansion. Companies focusing on sustainability, ethical sourcing, and diverse product offerings will gain a competitive advantage. The market is poised for continued growth, driven by evolving consumer preferences and technological advancements.
Europe Sourdough Market Segmentation
-
1. Application
- 1.1. Bread and Buns
- 1.2. Pizza Bases
- 1.3. Cakes
- 1.4. Other Applications
-
2. End User
- 2.1. Industrial Bakeries
- 2.2. Foodservice
- 2.3. Retail
Europe Sourdough Market Segmentation By Geography
- 1. Spain
- 2. United Kingdom
- 3. Germany
- 4. France
- 5. Italy
- 6. Russia
- 7. Rest of Europe

Europe Sourdough 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 5.84% 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 Demand for Functional and Fortified Food; Multi-functionality and Wide Application of Riboflavin
- 3.3. Market Restrains
- 3.3.1. Low Stability of Riboflavin on Exposure to Light and Heat
- 3.4. Market Trends
- 3.4.1. Preference for Healthy Food and Beverage Driving the Sourdough Demand in Europe
- 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 Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Bread and Buns
- 5.1.2. Pizza Bases
- 5.1.3. Cakes
- 5.1.4. Other Applications
- 5.2. Market Analysis, Insights and Forecast - by End User
- 5.2.1. Industrial Bakeries
- 5.2.2. Foodservice
- 5.2.3. Retail
- 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 Application
- 6. Spain Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Bread and Buns
- 6.1.2. Pizza Bases
- 6.1.3. Cakes
- 6.1.4. Other Applications
- 6.2. Market Analysis, Insights and Forecast - by End User
- 6.2.1. Industrial Bakeries
- 6.2.2. Foodservice
- 6.2.3. Retail
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. United Kingdom Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Bread and Buns
- 7.1.2. Pizza Bases
- 7.1.3. Cakes
- 7.1.4. Other Applications
- 7.2. Market Analysis, Insights and Forecast - by End User
- 7.2.1. Industrial Bakeries
- 7.2.2. Foodservice
- 7.2.3. Retail
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Germany Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Bread and Buns
- 8.1.2. Pizza Bases
- 8.1.3. Cakes
- 8.1.4. Other Applications
- 8.2. Market Analysis, Insights and Forecast - by End User
- 8.2.1. Industrial Bakeries
- 8.2.2. Foodservice
- 8.2.3. Retail
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. France Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Bread and Buns
- 9.1.2. Pizza Bases
- 9.1.3. Cakes
- 9.1.4. Other Applications
- 9.2. Market Analysis, Insights and Forecast - by End User
- 9.2.1. Industrial Bakeries
- 9.2.2. Foodservice
- 9.2.3. Retail
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Italy Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Application
- 10.1.1. Bread and Buns
- 10.1.2. Pizza Bases
- 10.1.3. Cakes
- 10.1.4. Other Applications
- 10.2. Market Analysis, Insights and Forecast - by End User
- 10.2.1. Industrial Bakeries
- 10.2.2. Foodservice
- 10.2.3. Retail
- 10.1. Market Analysis, Insights and Forecast - by Application
- 11. Russia Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Application
- 11.1.1. Bread and Buns
- 11.1.2. Pizza Bases
- 11.1.3. Cakes
- 11.1.4. Other Applications
- 11.2. Market Analysis, Insights and Forecast - by End User
- 11.2.1. Industrial Bakeries
- 11.2.2. Foodservice
- 11.2.3. Retail
- 11.1. Market Analysis, Insights and Forecast - by Application
- 12. Rest of Europe Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 12.1. Market Analysis, Insights and Forecast - by Application
- 12.1.1. Bread and Buns
- 12.1.2. Pizza Bases
- 12.1.3. Cakes
- 12.1.4. Other Applications
- 12.2. Market Analysis, Insights and Forecast - by End User
- 12.2.1. Industrial Bakeries
- 12.2.2. Foodservice
- 12.2.3. Retail
- 12.1. Market Analysis, Insights and Forecast - by Application
- 13. Germany Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 14. France Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 15. Italy Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 16. United Kingdom Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 17. Netherlands Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 18. Sweden Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 19. Rest of Europe Europe Sourdough Market Analysis, Insights and Forecast, 2019-2031
- 20. Competitive Analysis
- 20.1. Market Share Analysis 2024
- 20.2. Company Profiles
- 20.2.1 The Bread Factory Limited
- 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 Lotus Bakeries*List Not Exhaustive
- 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 BREAD BREAD BAKERY LTD
- 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 Puratos Group
- 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 Portland French Bakery
- 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 Ernst Bocker GmbH & Co KG
- 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 Aryzta
- 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 Real Bread and Food Company
- 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 IREKS GmbH
- 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 Riverside Sourdough
- 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 The Bread Factory Limited
List of Figures
- Figure 1: Europe Sourdough Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Sourdough Market Share (%) by Company 2024
List of Tables
- Table 1: Europe Sourdough Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 3: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 4: Europe Sourdough Market Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Germany Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: France Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Italy Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: United Kingdom Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Netherlands Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Sweden Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Europe Europe Sourdough Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 14: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 15: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 17: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 18: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 20: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 21: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 23: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 24: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 26: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 27: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 28: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 29: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 30: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
- Table 31: Europe Sourdough Market Revenue Million Forecast, by Application 2019 & 2032
- Table 32: Europe Sourdough Market Revenue Million Forecast, by End User 2019 & 2032
- Table 33: Europe Sourdough Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Sourdough Market?
The projected CAGR is approximately 5.84%.
2. Which companies are prominent players in the Europe Sourdough Market?
Key companies in the market include The Bread Factory Limited, Lotus Bakeries*List Not Exhaustive, BREAD BREAD BAKERY LTD, Puratos Group, Portland French Bakery, Ernst Bocker GmbH & Co KG, Aryzta, Real Bread and Food Company, IREKS GmbH, Riverside Sourdough.
3. What are the main segments of the Europe Sourdough Market?
The market segments include Application, End User.
4. Can you provide details about the market size?
The market size is estimated to be USD 1.32 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Demand for Functional and Fortified Food; Multi-functionality and Wide Application of Riboflavin.
6. What are the notable trends driving market growth?
Preference for Healthy Food and Beverage Driving the Sourdough Demand in Europe.
7. Are there any restraints impacting market growth?
Low Stability of Riboflavin on Exposure to Light and Heat.
8. Can you provide examples of recent developments in the market?
August 2022: The Puratos Group partnered with Shiru, an ingredient company, to explore sustainable plant-based protein ingredients for baked goods.
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 Sourdough 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 Sourdough 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 Sourdough Market?
To stay informed about further developments, trends, and reports in the Europe Sourdough 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