Key Insights
The European deodorant market, valued at approximately €X billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 4.45% from 2025 to 2033. This growth is fueled by several key drivers. Rising consumer awareness of personal hygiene and body odor, particularly among younger demographics, is significantly boosting demand. The increasing availability of diverse product formats, including sprays, roll-ons, sticks, and innovative formulations catering to specific needs (e.g., sensitive skin, specific scents), contributes to market expansion. Furthermore, the rising popularity of natural and organic deodorants reflects a growing preference for environmentally friendly and health-conscious products, creating new market segments and opportunities for manufacturers. Growth is also supported by the increasing penetration of e-commerce channels, providing consumers with greater convenience and access to a wider range of products.
However, the market faces certain restraints. Price sensitivity among consumers, especially in budget-conscious segments, could limit the adoption of premium and specialized deodorant products. Moreover, stringent regulations regarding the use of certain chemicals in deodorant formulations might impact product innovation and increase production costs. Competitive intensity, with established players like Unilever, Procter & Gamble, and Henkel vying for market share, could put pressure on pricing and profitability. Nevertheless, the overall market outlook remains positive, particularly for companies able to innovate and adapt to evolving consumer preferences regarding natural ingredients, sustainable packaging, and personalized deodorant solutions. The segmentation by product type (sprays, roll-ons, sticks), end-user (men, women), and distribution channel (hypermarkets, online retail) offers strategic opportunities for targeted marketing and product development within this dynamic market. Germany, France, the UK, and Italy are expected to represent the largest national markets within Europe.

Europe Deodorant Industry: Market Report 2019-2033
This comprehensive report provides an in-depth analysis of the Europe deodorant industry, covering market dynamics, growth trends, key players, and future outlook. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report is an essential resource for industry professionals, investors, and strategic decision-makers. The report segments the market by product type (sprays, roll-on, stick, other), end-user (men, women), and distribution channel (hypermarkets/supermarkets, convenience/grocery stores, online retail stores, other), providing a granular view of the market landscape. All values are presented in million units.
Europe Deodorant Industry Market Dynamics & Structure
The European deodorant market is characterized by a moderately consolidated structure, with key players such as Unilever, Procter & Gamble, and Henkel holding significant market share. However, the emergence of smaller, niche brands focusing on sustainability and natural ingredients is challenging the dominance of established players. Technological innovation, driven by consumer demand for efficacy and environmentally friendly options, is a key driver of market growth. Stringent regulatory frameworks regarding ingredient safety and environmental impact are also shaping the market landscape. The market witnesses continuous mergers and acquisitions (M&A) activity, with larger companies strategically acquiring smaller players to expand their product portfolios and market reach. Substitute products, such as natural remedies or alternative personal hygiene practices, pose a relatively small threat due to the established preference for deodorants.
- Market Concentration: High (xx%), driven by a few multinational corporations.
- Technological Innovation: Strong focus on natural ingredients, sustainable packaging, and enhanced efficacy.
- Regulatory Framework: Stringent regulations regarding ingredient safety and environmental impact.
- M&A Activity: Significant activity in recent years, with xx deals valued at xx million units completed between 2019 and 2024.
- End-User Demographics: Growing demand from both men and women, with a shift towards natural and sustainable products.
Europe Deodorant Industry Growth Trends & Insights
The European deodorant market experienced steady growth during the historical period (2019-2024), with a CAGR of xx%. This growth is attributed to factors such as increasing disposable incomes, rising awareness of personal hygiene, and the growing popularity of natural and organic products. The adoption rate of new deodorant formats, such as refillable options and solid sticks, is increasing, driven by sustainability concerns. Technological disruptions, such as the introduction of innovative formulations and packaging, are playing a crucial role in market growth. Consumer behavior is shifting towards premium and specialized deodorants, reflecting a greater focus on efficacy and individual needs. The market is expected to maintain a steady growth trajectory during the forecast period (2025-2033), with a projected CAGR of xx%. Market penetration is expected to increase, driven by rising consumer awareness and product innovation.

Dominant Regions, Countries, or Segments in Europe Deodorant Industry
Western European countries, particularly Germany, France, and the United Kingdom, dominate the European deodorant market. This dominance is driven by high levels of disposable income, a strong preference for personal care products, and well-developed distribution channels. Among product types, sprays hold the largest market share, while roll-ons and sticks are also significant segments. Hypermarkets/supermarkets remain the most important distribution channel, although online retail is experiencing considerable growth.
- Leading Region: Western Europe (xx% market share in 2025)
- Leading Country: Germany (xx% of Western Europe's market share in 2025)
- Leading Product Type: Sprays (xx% market share in 2025)
- Leading End-User Segment: Women (xx% market share in 2025)
- Leading Distribution Channel: Hypermarkets/Supermarkets (xx% market share in 2025)
Europe Deodorant Industry Product Landscape
The European deodorant market offers a wide range of products catering to various consumer needs and preferences. Innovations include natural and organic formulations, refillable packaging, and enhanced efficacy through the use of advanced active ingredients. Unique selling propositions frequently focus on sustainability, skin-friendliness, and specific scent profiles. Technological advancements have led to the development of more effective and environmentally friendly deodorant formulations and packaging.
Key Drivers, Barriers & Challenges in Europe Deodorant Industry
Key Drivers: Increasing disposable incomes, rising awareness of personal hygiene, growing demand for natural and organic products, and technological innovations in formulations and packaging are all driving market growth.
Challenges: Increasing competition, stringent regulations regarding ingredient safety and environmental impact, supply chain disruptions, and fluctuating raw material prices represent significant challenges. The impact of economic downturns on consumer spending could also restrict growth.
Emerging Opportunities in Europe Deodorant Industry
Emerging opportunities lie in the growing demand for sustainable and eco-friendly deodorants, niche product offerings targeting specific demographics (e.g., sensitive skin), and expansion into online retail channels. The development of innovative formulations with enhanced efficacy and unique scent profiles will also create new growth avenues.
Growth Accelerators in the Europe Deodorant Industry
Long-term growth will be fueled by sustained innovation in product formulations and packaging, strategic partnerships between established players and smaller, niche brands, and expansion into new markets within Europe. Technological breakthroughs leading to even more effective and sustainable deodorants will also be a significant driver of future growth.
Key Players Shaping the Europe Deodorant Industry Market
- Kao Corporation
- Henkel AG & Co KGaA
- Procter & Gamble Co
- Church & Dwight Co Inc
- Colgate-Palmolive Company (Sanex)
- New Avon Company
- Estée Lauder Inc
- Unilever Plc
- Coty Inc
- Beiersdorf AG
Notable Milestones in Europe Deodorant Industry Sector
- April 2021: Unilever launched the world's first deodorant designed for people with disabilities (Degree) and Dove launched its first refillable deodorant.
- November 2021: Wild Cosmetics expanded its retail partnerships in the UK.
- February 2022: Wild Cosmetics secured €5.9 million in investment.
- March 2023: Dove launched its "dove advanced care" and "dove men+ advance care" ranges.
In-Depth Europe Deodorant Industry Market Outlook
The future of the European deodorant market looks promising, with continued growth driven by innovation, sustainability, and evolving consumer preferences. Strategic opportunities exist for companies that can effectively leverage technological advancements, build strong brands, and cater to the increasing demand for natural and sustainable products. The market's long-term growth potential is substantial, particularly for brands that can effectively address the growing consumer awareness of environmental and social issues related to personal care products.
Europe Deodorant Industry Segmentation
-
1. Product Type
- 1.1. Sprays
- 1.2. Roll-on
- 1.3. Stick
- 1.4. Other Product Types
-
2. End-User
- 2.1. Men
- 2.2. Women
-
3. Distribution Channel
- 3.1. Hypermarkets/Supermarkets
- 3.2. Convenience/Grocery Stores
- 3.3. Online Retail Stores
- 3.4. Other Distribution Channels
Europe Deodorant Industry Segmentation By Geography
- 1. United kingdom
- 2. Germany
- 3. France
- 4. Italy
- 5. Spain
- 6. Rest of Europe

Europe Deodorant Industry 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 4.45% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Growing Appeal For Natural and Organic Hair Care Products; Increased Consumer Spending on Hair Care Products
- 3.3. Market Restrains
- 3.3.1. Availability of Counterfeit Products
- 3.4. Market Trends
- 3.4.1. Inclination Toward Chemical Free Deodorants
- 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 Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 5.1.1. Sprays
- 5.1.2. Roll-on
- 5.1.3. Stick
- 5.1.4. Other Product Types
- 5.2. Market Analysis, Insights and Forecast - by End-User
- 5.2.1. Men
- 5.2.2. Women
- 5.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.3.1. Hypermarkets/Supermarkets
- 5.3.2. Convenience/Grocery Stores
- 5.3.3. Online Retail Stores
- 5.3.4. Other Distribution Channels
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United kingdom
- 5.4.2. Germany
- 5.4.3. France
- 5.4.4. Italy
- 5.4.5. Spain
- 5.4.6. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by Product Type
- 6. United kingdom Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Product Type
- 6.1.1. Sprays
- 6.1.2. Roll-on
- 6.1.3. Stick
- 6.1.4. Other Product Types
- 6.2. Market Analysis, Insights and Forecast - by End-User
- 6.2.1. Men
- 6.2.2. Women
- 6.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 6.3.1. Hypermarkets/Supermarkets
- 6.3.2. Convenience/Grocery Stores
- 6.3.3. Online Retail Stores
- 6.3.4. Other Distribution Channels
- 6.1. Market Analysis, Insights and Forecast - by Product Type
- 7. Germany Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Product Type
- 7.1.1. Sprays
- 7.1.2. Roll-on
- 7.1.3. Stick
- 7.1.4. Other Product Types
- 7.2. Market Analysis, Insights and Forecast - by End-User
- 7.2.1. Men
- 7.2.2. Women
- 7.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 7.3.1. Hypermarkets/Supermarkets
- 7.3.2. Convenience/Grocery Stores
- 7.3.3. Online Retail Stores
- 7.3.4. Other Distribution Channels
- 7.1. Market Analysis, Insights and Forecast - by Product Type
- 8. France Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Product Type
- 8.1.1. Sprays
- 8.1.2. Roll-on
- 8.1.3. Stick
- 8.1.4. Other Product Types
- 8.2. Market Analysis, Insights and Forecast - by End-User
- 8.2.1. Men
- 8.2.2. Women
- 8.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 8.3.1. Hypermarkets/Supermarkets
- 8.3.2. Convenience/Grocery Stores
- 8.3.3. Online Retail Stores
- 8.3.4. Other Distribution Channels
- 8.1. Market Analysis, Insights and Forecast - by Product Type
- 9. Italy Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Product Type
- 9.1.1. Sprays
- 9.1.2. Roll-on
- 9.1.3. Stick
- 9.1.4. Other Product Types
- 9.2. Market Analysis, Insights and Forecast - by End-User
- 9.2.1. Men
- 9.2.2. Women
- 9.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 9.3.1. Hypermarkets/Supermarkets
- 9.3.2. Convenience/Grocery Stores
- 9.3.3. Online Retail Stores
- 9.3.4. Other Distribution Channels
- 9.1. Market Analysis, Insights and Forecast - by Product Type
- 10. Spain Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Product Type
- 10.1.1. Sprays
- 10.1.2. Roll-on
- 10.1.3. Stick
- 10.1.4. Other Product Types
- 10.2. Market Analysis, Insights and Forecast - by End-User
- 10.2.1. Men
- 10.2.2. Women
- 10.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 10.3.1. Hypermarkets/Supermarkets
- 10.3.2. Convenience/Grocery Stores
- 10.3.3. Online Retail Stores
- 10.3.4. Other Distribution Channels
- 10.1. Market Analysis, Insights and Forecast - by Product Type
- 11. Rest of Europe Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 11.1. Market Analysis, Insights and Forecast - by Product Type
- 11.1.1. Sprays
- 11.1.2. Roll-on
- 11.1.3. Stick
- 11.1.4. Other Product Types
- 11.2. Market Analysis, Insights and Forecast - by End-User
- 11.2.1. Men
- 11.2.2. Women
- 11.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 11.3.1. Hypermarkets/Supermarkets
- 11.3.2. Convenience/Grocery Stores
- 11.3.3. Online Retail Stores
- 11.3.4. Other Distribution Channels
- 11.1. Market Analysis, Insights and Forecast - by Product Type
- 12. Germany Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 13. France Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 14. Italy Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 15. United Kingdom Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 16. Netherlands Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 17. Sweden Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 18. Rest of Europe Europe Deodorant Industry Analysis, Insights and Forecast, 2019-2031
- 19. Competitive Analysis
- 19.1. Market Share Analysis 2024
- 19.2. Company Profiles
- 19.2.1 Kao Corporation*List Not Exhaustive
- 19.2.1.1. Overview
- 19.2.1.2. Products
- 19.2.1.3. SWOT Analysis
- 19.2.1.4. Recent Developments
- 19.2.1.5. Financials (Based on Availability)
- 19.2.2 Henkel AG & Co KGaA
- 19.2.2.1. Overview
- 19.2.2.2. Products
- 19.2.2.3. SWOT Analysis
- 19.2.2.4. Recent Developments
- 19.2.2.5. Financials (Based on Availability)
- 19.2.3 Procter & Gamble Co
- 19.2.3.1. Overview
- 19.2.3.2. Products
- 19.2.3.3. SWOT Analysis
- 19.2.3.4. Recent Developments
- 19.2.3.5. Financials (Based on Availability)
- 19.2.4 Church & Dwight Co Inc
- 19.2.4.1. Overview
- 19.2.4.2. Products
- 19.2.4.3. SWOT Analysis
- 19.2.4.4. Recent Developments
- 19.2.4.5. Financials (Based on Availability)
- 19.2.5 Colgate-Palmolive Company (Sanex)
- 19.2.5.1. Overview
- 19.2.5.2. Products
- 19.2.5.3. SWOT Analysis
- 19.2.5.4. Recent Developments
- 19.2.5.5. Financials (Based on Availability)
- 19.2.6 New Avon Company
- 19.2.6.1. Overview
- 19.2.6.2. Products
- 19.2.6.3. SWOT Analysis
- 19.2.6.4. Recent Developments
- 19.2.6.5. Financials (Based on Availability)
- 19.2.7 Estée Lauder Inc
- 19.2.7.1. Overview
- 19.2.7.2. Products
- 19.2.7.3. SWOT Analysis
- 19.2.7.4. Recent Developments
- 19.2.7.5. Financials (Based on Availability)
- 19.2.8 Unilever Plc
- 19.2.8.1. Overview
- 19.2.8.2. Products
- 19.2.8.3. SWOT Analysis
- 19.2.8.4. Recent Developments
- 19.2.8.5. Financials (Based on Availability)
- 19.2.9 Coty Inc
- 19.2.9.1. Overview
- 19.2.9.2. Products
- 19.2.9.3. SWOT Analysis
- 19.2.9.4. Recent Developments
- 19.2.9.5. Financials (Based on Availability)
- 19.2.10 Beiersdorf AG
- 19.2.10.1. Overview
- 19.2.10.2. Products
- 19.2.10.3. SWOT Analysis
- 19.2.10.4. Recent Developments
- 19.2.10.5. Financials (Based on Availability)
- 19.2.1 Kao Corporation*List Not Exhaustive
List of Figures
- Figure 1: Europe Deodorant Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Europe Deodorant Industry Share (%) by Company 2024
List of Tables
- Table 1: Europe Deodorant Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 3: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 4: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 5: Europe Deodorant Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 7: Germany Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: France Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Italy Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: United Kingdom Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Netherlands Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Sweden Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Rest of Europe Europe Deodorant Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 15: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 16: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 17: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 19: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 20: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 21: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 23: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 24: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 25: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 26: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 27: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 28: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 29: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 31: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 32: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 33: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 34: Europe Deodorant Industry Revenue Million Forecast, by Product Type 2019 & 2032
- Table 35: Europe Deodorant Industry Revenue Million Forecast, by End-User 2019 & 2032
- Table 36: Europe Deodorant Industry Revenue Million Forecast, by Distribution Channel 2019 & 2032
- Table 37: Europe Deodorant Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Deodorant Industry?
The projected CAGR is approximately 4.45%.
2. Which companies are prominent players in the Europe Deodorant Industry?
Key companies in the market include Kao Corporation*List Not Exhaustive, Henkel AG & Co KGaA, Procter & Gamble Co, Church & Dwight Co Inc, Colgate-Palmolive Company (Sanex), New Avon Company, Estée Lauder Inc, Unilever Plc, Coty Inc, Beiersdorf AG.
3. What are the main segments of the Europe Deodorant Industry?
The market segments include Product Type, End-User, 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?
Growing Appeal For Natural and Organic Hair Care Products; Increased Consumer Spending on Hair Care Products.
6. What are the notable trends driving market growth?
Inclination Toward Chemical Free Deodorants.
7. Are there any restraints impacting market growth?
Availability of Counterfeit Products.
8. Can you provide examples of recent developments in the market?
March 2023: Dove, United Kingdom's leading deodorant brand, launched its most effective range with "dove advanced care" and "dove men+ advance care."
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 Deodorant Industry," 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 Deodorant Industry 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 Deodorant Industry?
To stay informed about further developments, trends, and reports in the Europe Deodorant Industry, 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