Product Code: PMRREP29176
Modified Starch Market: Report Scope
A latest market report by Persistence Market Research on the global modified starch market evaluates the opportunities and current market scenario, providing insights and updates about corresponding segments involved in the market for the forecast period of 2023-2033. The report provides detailed assessment of key market dynamics, and comprehensive information about the structure of the market. This study contains detailed insights into how the market is anticipated to grow during the forecast period of 2023-2033.
The primary objective of the report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with modified starch. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the market, and to discover lucrative opportunities in this space.
This report also provides an estimate of market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the market. Furthermore, new and emerging players in the global modified starch market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global market.
The study is relevant for manufacturers, suppliers, distributors, and investors in the modified starch market. All stakeholders, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in the report.
Key Market Segments
Persistence Market Research's report on the global modified starch market offers information divided into four segments -form, ingredient, sales channel and region.
Source
Maize/Corn
Wheat
Potato
Tapioca
Rice
Product Type
Acetylated Starch
Physically Modified Starch
Enzyme Modified Starch
Anionic Starch
Cationic Starch
Dextrin
Oxidized Starch
Thinned Starch
Pre-gelatinized Starch
Others
End Use
Food and Beverage Industry
Bakery Products
Dairy Products
Meat & Poultry
Convenience Food
Others
Animal Feed
Cosmetic & Personal Care
Papermaking
Textiles
Pharmaceuticals
Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa
Key Questions Answered in Study
Which region will hold the highest market share over the forecast period?
Which region is experiencing the highest growth (CAGR)?
Which factors are impacting the global modified starch market?
What are the global trends impacting the market?
What strategies must emerge players adopt to capture opportunities in various regions in the market?
What is the structure of the global modified starch market?
Research Methodology
Persistence Market Research is committed to providing unbiased market research solutions to its clients. The company follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global modified starch market, and reach conclusions about the future growth factors of the market. The research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.
A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over six regions - North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa which Persistence Market Research considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level, to create global market measurements. Our main sources of research include:
Primary Research
Secondary Research
Trade Research
Social Media Research
Table of Contents
1. Executive Summary
- 1.1. Global Market Outlook
- 1.2. Demand Side Trends
- 1.3. Supply Side Trends
- 1.4. Technology Roadmap
- 1.5. Analysis and Recommendations
2. Market Overview
- 2.1. Market Coverage / Taxonomy
- 2.2. Market Definition / Scope / Limitations
3. Key Market Trends
- 3.1. Key Trends Impacting the Market
- 3.1.1. Rising Consumption of Convenience Food.
- 3.1.2. Growing Demand for Gluten-free Products.
- 3.1.3. Increasing Awareness for use of Clean Label Ingredients.
- 3.1.4. Others
- 3.2. Product Innovation / Development Trends
4. Key Success Factors
- 4.1. Product USPs / Features
- 4.2. Strategic Promotional Strategies
- 4.3. Product Differentiation and Brand's Strategy Analysis
5. Production and Trade Analysis of by Country - HS Code 110813
- 5.1. Global Production Trend & Estimates of Modified Starches
- 5.2. Top Exporting Countries for Modified Starches (Value and Volume)
- 5.3. Top Importing Countries for Modified Starches (Value and Volume)
6. Global Market Demand Analysis 2018-2022 and Forecast, 2023-2033
- 6.1. Historical Market Volume (Metric Tons) Analysis, 2018-2022
- 6.2. Current and Future Market Volume (Metric Tons) Projections, 2023-2033
- 6.3. Y-o-Y Growth Trend Analysis
7. Global Market - Pricing Analysis
- 7.1. Regional Pricing Analysis, by Source
- 7.2. Pricing Break-up
- 7.2.1. Manufacturer Level Pricing (Key players)
- 7.2.2. Gross Margin Analysis
- 7.3. Global Average Pricing Analysis Benchmark
8. Global Market Demand (in Value or Size in US$ Mn) Analysis 2018-2022 and Forecast, 2023-2033
- 8.1. Historical Market Value (US$ Mn) Analysis, 2018-2022
- 8.2. Current and Future Market Value (US$ Mn) Projections, 2023-2033
- 8.2.1. Y-o-Y Growth Trend Analysis
- 8.2.2. Absolute $ Opportunity Analysis
9. Market Background
- 9.1. Macro-Economic Factors
- 9.1.1. Global GDP Growth Outlook
- 9.1.2. Global GDP and Infrastructure Investment
- 9.1.3. International Trade
- 9.1.4. Global Industry Outlook
- 9.2. Global Food & Beverage Industry Outlook
- 9.3. Global Animal Feed Industry Outlook
- 9.4. Key Regulations
- 9.5. Forecast Factors - Relevance & Impact
- 9.5.1. Top Companies Historical Growth
- 9.5.2. GDP Growth forecast
- 9.5.3. Manufacturing Industry forecast
- 9.5.4. Global Urbanization Growth Outlook
- 9.5.5. Business Climate
- 9.6. Value Chain
- 9.6.1. Raw Material Suppliers
- 9.6.2. Product Manufacturers
- 9.6.3. End Users
- 9.7. Market Dynamics
- 9.7.1. Drivers
- 9.7.2. Restraints
- 9.7.3. Opportunity Analysis
10. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Source
- 10.1. Introduction / Key Findings
- 10.2. Historical Market Size (US$ Mn) and Volume (Metric Tons) Analysis By Source, 2018-2022
- 10.3. Current and Future Market Size (US$ Mn) and Volume (Metric Tons) Analysis and Forecast By Source, 2023-2033
- 10.3.1. Maize/Corn
- 10.3.2. Wheat
- 10.3.3. Potato
- 10.3.4. Tapioca
- 10.3.5. Rice
- 10.4. Market Attractiveness Analysis By Source
11. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Product Type
- 11.1. Introduction / Key Findings
- 11.2. Historical Market Size (US$ Mn) and Volume (Metric Tons) Analysis By Product Type, 2018-2022
- 11.3. Current and Future Market Size (US$ Mn) and Volume (Metric Tons) Analysis and Forecast By Product Type, 2023-2033
- 11.3.1. Acetylated Starch
- 11.3.2. Physically Modified Starch
- 11.3.3. Enzyme Modified Starch
- 11.3.3.1. Anionic Starch
- 11.3.3.2. Cationic Starch
- 11.3.3.3. Dextrin
- 11.3.3.4. Oxidized Starch
- 11.3.3.5. Thinned Starch
- 11.3.3.6. Pre-gelatinized Starch
- 11.3.3.7. Others
- 11.4. Market Attractiveness Analysis By Product Type
12. Global Market Analysis 2018-2022 and Forecast 2023-2033, by End Use
- 12.1. Introduction / Key Findings
- 12.2. Historical Market Size (US$ Mn) and Volume (Metric Tons) Analysis By End Use, 2018-2022
- 12.3. Current and Future Market Size (US$ Mn) and Volume (Metric Tons) Analysis and Forecast By End Use, 2023-2033
- 12.3.1. Food and Beverage Industry
- 12.3.1.1. Bakery Products
- 12.3.1.2. Dairy Products
- 12.3.1.3. Meat & Poultry
- 12.3.1.4. Convenience Food
- 12.3.1.5. Others
- 12.3.2. Animal Feed
- 12.3.3. Cosmetic & Personal Care
- 12.3.4. Papermaking
- 12.3.5. Textiles
- 12.3.6. Pharmaceuticals
- 12.4. Market Attractiveness Analysis By End Use
13. Global Market Analysis 2018-2022 and Forecast 2023-2033, by Region
- 13.1. Introduction
- 13.2. Historical Market Size (US$ Mn) and Volume (Metric Tons) Analysis By Region, 2018-2022
- 13.3. Current Market Size (US$ Mn) and Volume (Metric Tons) Analysis and Forecast By Region, 2023-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia and Pacific
- 13.3.6. Middle East and Africa (MEA)
- 13.4. Market Attractiveness Analysis By Region
14. North America Market Analysis 2018-2022 and Forecast 2023-2033
- 14.1. Introduction
- 14.2. Pricing Analysis
- 14.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 14.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 14.4.1. By Country
- 14.4.1.1. U.S.
- 14.4.1.2. Canada
- 14.4.2. By Source
- 14.4.3. By Product Type
- 14.4.4. By End Use
- 14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Source
- 14.5.3. By Product Type
- 14.5.4. By End Use
- 14.6. Market Trends
- 14.7. Key Market Participants - Intensity Mapping
- 14.8. Drivers and Restraints - Impact Analysis
15. Latin America Market Analysis 2018-2022 and Forecast 2023-2033
- 15.1. Introduction
- 15.2. Pricing Analysis
- 15.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 15.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 15.4.1. By Country
- 15.4.1.1. Brazil
- 15.4.1.2. Mexico
- 15.4.1.3. Chile
- 15.4.1.4. Argentina
- 15.4.1.5. Columbia
- 15.4.1.6. Rest of Latin America
- 15.4.2. By Source
- 15.4.3. By Product Type
- 15.4.4. By End Use
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Source
- 15.5.3. By Product Type
- 15.5.4. By End Use
- 15.6. Market Trends
- 15.7. Key Market Participants - Intensity Mapping
- 15.8. Drivers and Restraints - Impact Analysis
16. Europe Market Analysis 2018-2022 and Forecast 2023-2033
- 16.1. Introduction
- 16.2. Pricing Analysis
- 16.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 16.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 16.4.1. By Country
- 16.4.1.1. Germany
- 16.4.1.2. Italy
- 16.4.1.3. France
- 16.4.1.4. U.K.
- 16.4.1.5. Spain
- 16.4.1.6. BENELUX
- 16.4.1.7. Russia
- 16.4.1.8. Rest of Europe
- 16.4.2. By Source
- 16.4.3. By Product Type
- 16.4.4. By End Use
- 16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Source
- 16.5.3. By Product Type
- 16.5.4. By End Use
- 16.6. Market Trends
- 16.7. Key Market Participants - Intensity Mapping
- 16.8. Drivers and Restraints - Impact Analysis
17. South Asia and Pacific Market Analysis 2018-2022 and Forecast 2023-2033
- 17.1. Introduction
- 17.2. Pricing Analysis
- 17.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 17.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 17.4.1. By Country
- 17.4.1.1. India
- 17.4.1.2. ASEAN
- 17.4.1.3. Oceania (Australia & New Zealand)
- 17.4.1.4. Rest of South Asia & Pacific
- 17.4.2. By Source
- 17.4.3. By Product Type
- 17.4.4. By End Use
- 17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Source
- 17.5.3. By Product Type
- 17.5.4. By End Use
- 17.6. Market Trends
- 17.7. Key Market Participants - Intensity Mapping
- 17.8. Drivers and Restraints - Impact Analysis
18. East Asia Market Analysis 2018-2022 and Forecast 2023-2033
- 18.1. Introduction
- 18.2. Pricing Analysis
- 18.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 18.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 18.4.1. By Country
- 18.4.1.1. China
- 18.4.1.2. Japan
- 18.4.1.3. South Korea
- 18.4.2. By Source
- 18.4.3. By Product Type
- 18.4.4. By End Use
- 18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Source
- 18.5.3. By Product Type
- 18.5.4. By End Use
- 18.6. Market Trends
- 18.7. Key Market Participants - Intensity Mapping
- 18.8. Drivers and Restraints - Impact Analysis
19. Middle East and Africa Market Analysis 2018-2022 and Forecast 2023-2033
- 19.1. Introduction
- 19.2. Pricing Analysis
- 19.3. Historical Market Size (US$ Mn) and Volume (Metric Tons) Trend Analysis By Market Taxonomy, 2018-2022
- 19.4. Market Size (US$ Mn) and Volume (Metric Tons) Forecast By Market Taxonomy, 2023-2033
- 19.4.1. By Country
- 19.4.1.1. GCC Countries
- 19.4.1.2. Turkey
- 19.4.1.3. Northern Africa
- 19.4.1.4. South Africa
- 19.4.1.5. Rest of Middle East and Africa
- 19.4.2. By Source
- 19.4.3. By Product Type
- 19.4.4. By End Use
- 19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Source
- 19.5.3. By Product Type
- 19.5.4. By End Use
- 19.6. Market Trends
- 19.7. Key Market Participants - Intensity Mapping
- 19.8. Drivers and Restraints - Impact Analysis
20. Country Wise Market Analysis 2022
- 20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
- 20.2. U.S. Market Analysis
- 20.2.1. By Source
- 20.2.2. By Product Type
- 20.2.3. By End Use
- 20.3. Canada Market Analysis
- 20.3.1. By Source
- 20.3.2. By Product Type
- 20.3.3. By End Use
- 20.4. Brazil Market Analysis
- 20.4.1. By Source
- 20.4.2. By Product Type
- 20.4.3. By End Use
- 20.5. Mexico Market Analysis
- 20.5.1. By Source
- 20.5.2. By Product Type
- 20.5.3. By End Use
- 20.6. Chile Market Analysis
- 20.6.1. By Source
- 20.6.2. By Product Type
- 20.6.3. By End Use
- 20.7. Argentina Market Analysis
- 20.7.1. By Source
- 20.7.2. By Product Type
- 20.7.3. By End Use
- 20.8. Columbia Market Analysis
- 20.8.1. By Source
- 20.8.2. By Product Type
- 20.8.3. By End Use
- 20.9. Germany Market Analysis
- 20.9.1. By Source
- 20.9.2. By Product Type
- 20.9.3. By End Use
- 20.10. Italy Market Analysis
- 20.10.1. By Source
- 20.10.2. By Product Type
- 20.10.3. By End Use
- 20.11. France Market Analysis
- 20.11.1. By Source
- 20.11.2. By Product Type
- 20.11.3. By End Use
- 20.12. U.K. Market Analysis
- 20.12.1. By Source
- 20.12.2. By Product Type
- 20.12.3. By End Use
- 20.13. Spain Market Analysis
- 20.13.1. By Source
- 20.13.2. By Product Type
- 20.13.3. By End Use
- 20.14. Russia Market Analysis
- 20.14.1. By Source
- 20.14.2. By Product Type
- 20.14.3. By End Use
- 20.15. China Market Analysis
- 20.15.1. By Source
- 20.15.2. By Product Type
- 20.15.3. By End Use
- 20.16. Japan Market Analysis
- 20.16.1. By Source
- 20.16.2. By Product Type
- 20.16.3. By End Use
- 20.17. S. Korea Market Analysis
- 20.17.1. By Source
- 20.17.2. By Product Type
- 20.17.3. By End Use
- 20.18. India Market Analysis
- 20.18.1. By Source
- 20.18.2. By Product Type
- 20.18.3. By End Use
- 20.19. Oceania (Australia and New Zealand) Market Analysis
- 20.19.1. By Source
- 20.19.2. By Product Type
- 20.19.3. By End Use
- 20.20. Turkey Market Analysis
- 20.20.1. By Source
- 20.20.2. By Product Type
- 20.20.3. By End Use
- 20.21. South Africa Market Analysis
- 20.21.1. By Source
- 20.21.2. By Product Type
- 20.21.3. By End Use
21. Market Structure Analysis
- 21.1. Market Analysis by Tier of Companies (Modified Starch)
- 21.2. Market Share Analysis of Top Players
- 21.3. Market Presence Analysis
22. Competition Analysis
- 22.1. Competition Dashboard
- 22.2. Competition Benchmarking
- 22.3. Competition Deep Dive
- 22.3.1. Ingredion Inc.
- 22.3.1.1. Overview
- 22.3.1.2. Product Portfolio
- 22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.1.4. Sales Footprint
- 22.3.1.5. Strategy Overview
- 22.3.2. The Archer-Daniels-Midland Company (ADM)
- 22.3.2.1. Overview
- 22.3.2.2. Product Portfolio
- 22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.2.4. Sales Footprint
- 22.3.2.5. Strategy Overview
- 22.3.3. Visco Starch
- 22.3.3.1. Overview
- 22.3.3.2. Product Portfolio
- 22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.3.4. Sales Footprint
- 22.3.3.5. Strategy Overview
- 22.3.4. Avebe
- 22.3.4.1. Overview
- 22.3.4.2. Product Portfolio
- 22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.4.4. Sales Footprint
- 22.3.4.5. Strategy Overview
- 22.3.5. Tereos S.A
- 22.3.5.1. Overview
- 22.3.5.2. Product Portfolio
- 22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.5.4. Sales Footprint
- 22.3.5.5. Strategy Overview
- 22.3.6. SPAC Starch Products (India) Private Limited
- 22.3.6.1. Overview
- 22.3.6.2. Product Portfolio
- 22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.6.4. Sales Footprint
- 22.3.6.5. Strategy Overview
- 22.3.7. Novidon
- 22.3.7.1. Overview
- 22.3.7.2. Product Portfolio
- 22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.7.4. Sales Footprint
- 22.3.7.5. Strategy Overview
- 22.3.8. Emsland Group
- 22.3.8.1. Overview
- 22.3.8.2. Product Portfolio
- 22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.8.4. Sales Footprint
- 22.3.8.5. Strategy Overview
- 22.3.9. Angel Starch & Food Pvt Ltd
- 22.3.9.1. Overview
- 22.3.9.2. Product Portfolio
- 22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.9.4. Sales Footprint
- 22.3.9.5. Strategy Overview
- 22.3.10. Meelunie B.V.
- 22.3.10.1. Overview
- 22.3.10.2. Product Portfolio
- 22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.10.4. Sales Footprint
- 22.3.10.5. Strategy Overview
- 22.3.11. Roquette Freres S.A.
- 22.3.11.1. Overview
- 22.3.11.2. Product Portfolio
- 22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.11.4. Sales Footprint
- 22.3.11.5. Strategy Overview
- 22.3.12. Starpro Starch (Thailand) Co., Ltd.
- 22.3.12.1. Overview
- 22.3.12.2. Product Portfolio
- 22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.12.4. Sales Footprint
- 22.3.12.5. Strategy Overview
- 22.3.13. Cargill, Incorporated
- 22.3.13.1. Overview
- 22.3.13.2. Product Portfolio
- 22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.13.4. Sales Footprint
- 22.3.13.5. Strategy Overview
- 22.3.14. AGRANA Beteiligungs-AG
- 22.3.14.1. Overview
- 22.3.14.2. Product Portfolio
- 22.3.14.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.14.4. Sales Footprint
- 22.3.14.5. Strategy Overview
- 22.3.15. Tate & Lyle PLC
- 22.3.15.1. Overview
- 22.3.15.2. Product Portfolio
- 22.3.15.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.15.4. Sales Footprint
- 22.3.15.5. Strategy Overview
- 22.3.16. Foodchem International Corporation
- 22.3.16.1. Overview
- 22.3.16.2. Product Portfolio
- 22.3.16.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.16.4. Sales Footprint
- 22.3.16.5. Strategy Overview
- 22.3.17. Gujarat Ambuja Exports Limited (GAEL)
- 22.3.17.1. Overview
- 22.3.17.2. Product Portfolio
- 22.3.17.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.17.4. Sales Footprint
- 22.3.17.5. Strategy Overview
- 22.3.18. Saurashtra Specialities Pvt. Ltd. (SSPL)
- 22.3.18.1. Overview
- 22.3.18.2. Product Portfolio
- 22.3.18.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.18.4. Sales Footprint
- 22.3.18.5. Strategy Overview
- 22.3.19. Everest Starch India Pvt Ltd
- 22.3.19.1. Overview
- 22.3.19.2. Product Portfolio
- 22.3.19.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.19.4. Sales Footprint
- 22.3.19.5. Strategy Overview
- 22.3.20. Euroduna Food Ingredients GmbH
- 22.3.20.1. Overview
- 22.3.20.2. Product Portfolio
- 22.3.20.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.20.4. Sales Footprint
- 22.3.20.5. Strategy Overview
- 22.3.21. Others (On Additional Request)
- 22.3.21.1. Overview
- 22.3.21.2. Product Portfolio
- 22.3.21.3. Profitability by Market Segments (Product/Channel/Region)
- 22.3.21.4. Sales Footprint
- 22.3.21.5. Strategy Overview
Note: The list of companies above is tentative and it is subjected to change based on research process and/or customization requirements.
23. Assumptions and Acronyms Used
24. Research Methodology