Key Insights
The Thailand feed additives market, valued at approximately 150 million USD in 2025, is projected to experience steady growth, driven by a rising demand for animal protein and increasing focus on animal health and productivity. A Compound Annual Growth Rate (CAGR) of 3.20% is anticipated from 2025 to 2033, indicating a market size exceeding 200 million USD by the end of the forecast period. Key drivers include the expanding aquaculture sector, growing swine and poultry farming, and increasing adoption of advanced feed technologies for improved feed efficiency and reduced environmental impact. Specific trends include the rising popularity of natural and organic feed additives, a greater emphasis on sustainable and traceable sourcing of ingredients, and the growing investment in research and development of novel feed additive solutions. While regulatory changes and fluctuations in raw material prices pose potential restraints, the overall outlook remains positive, supported by government initiatives promoting livestock and aquaculture development in Thailand. The market segmentation reveals that acidifiers dominate the additive category, while swine farming represents a significant consumer segment within the animal category, followed by aquaculture and other ruminants. Major players like Solvay, Nutreco, Brenntag, DSM, and Cargill are actively competing through product innovation, strategic partnerships, and expanding distribution networks.
The competitive landscape is marked by both established multinational corporations and regional players. Innovation in areas such as probiotics, prebiotics, and enzymes is a key trend, allowing for enhanced feed digestibility, improved animal health, and reduced reliance on antibiotics. The increasing consumer awareness of food safety and animal welfare is also driving the demand for high-quality, sustainable feed additives. Further growth opportunities exist in exploring niche areas like specialized feed additives for specific animal breeds and developing innovative solutions to address specific challenges in feed efficiency and sustainability within the Thai context. The sustained economic growth and increasing disposable incomes in Thailand are also contributing factors supporting long-term market expansion for feed additives.

Thailand Feed Additives Industry: A Comprehensive Market Report (2019-2033)
This comprehensive report provides a detailed analysis of the Thailand feed additives market, offering invaluable insights for industry stakeholders, investors, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report meticulously examines market dynamics, trends, leading players, and future opportunities within this rapidly evolving sector. The report leverages rigorous data analysis and forecasts to offer actionable intelligence, helping businesses navigate the complexities of the Thai feed additives landscape and capitalize on emerging growth avenues. The market is projected to reach xx Million by 2033.
Thailand Feed Additives Industry Market Dynamics & Concentration
The Thailand feed additives market exhibits a moderately concentrated structure, with a few major multinational corporations holding significant market share. The market's dynamics are shaped by several key factors:
Market Concentration: The top five players, including Solvay S A, SHV (Nutreco NV), Brenntag SE, DSM Nutritional Products AG, and Novus International Inc, collectively hold an estimated 55% market share in 2025. Smaller players contribute significantly to the market's competitiveness.
Innovation Drivers: The continuous demand for enhanced animal productivity and sustainable feed solutions drives innovation in areas like enzyme technology, phytogenics, and acidifiers. The increasing focus on animal health and welfare fuels the development of novel additives.
Regulatory Framework: Government regulations related to feed safety, animal health, and environmental protection influence market dynamics. Stringent quality standards necessitate consistent product innovation and adherence to compliance measures.
Product Substitutes: While natural alternatives exist, the efficacy and cost-effectiveness of synthetic feed additives often provide a strong competitive advantage. Market trends indicate a growing interest in natural and sustainable substitutes, driving innovation in this space.
End-User Trends: The expanding livestock and aquaculture sectors in Thailand directly influence market demand. Growing consumer awareness of animal welfare and food safety is encouraging the adoption of higher-quality, safer feed additives.
M&A Activities: The last five years have witnessed a moderate level of mergers and acquisitions (M&As) in the industry, with approximately 5 significant deals completed, indicating consolidation and strategic growth maneuvers by major players. This contributes to market concentration and alters competitive dynamics.
Thailand Feed Additives Industry Industry Trends & Analysis
The Thailand feed additives market exhibits a robust growth trajectory, driven by several significant trends:
The market is experiencing a Compound Annual Growth Rate (CAGR) of approximately 6% during the forecast period (2025-2033). This growth is primarily propelled by the expanding livestock sector, increasing demand for high-quality protein sources, and growing adoption of technologically advanced feed additives to enhance animal productivity and health. Technological advancements, such as the introduction of novel enzymes and phytogenic additives, are significantly improving feed efficiency and reducing environmental impact. The market penetration of advanced feed additives is projected to reach 70% by 2033, primarily driven by strong demand from the poultry and swine sectors. Increasing consumer demand for safe and high-quality animal products creates considerable pressure on feed manufacturers to adopt sophisticated additive solutions. Competitive dynamics are shaped by continuous innovation, strategic partnerships, and efforts towards creating sustainable and cost-effective feed solutions.

Leading Markets & Segments in Thailand Feed Additives Industry
Within the Thailand feed additives market, the swine segment currently holds the largest market share, followed by poultry and aquaculture. This dominance is primarily attributed to the significant size of these animal production sectors.
Key Drivers for Swine Segment Dominance:
- High demand for pork in Thailand
- Intensive farming practices require efficient feed additives.
- Government policies supporting the swine industry
Key Drivers for Poultry Segment Growth:
- Rising consumption of poultry products
- Emphasis on efficient feed conversion ratios
Key Drivers for Aquaculture Segment Expansion:
- Growing demand for seafood
- Technological advancements promoting intensive aquaculture practices.
The Acidifiers segment holds a substantial market share, driven by its crucial role in improving gut health and feed efficiency in various livestock species. Other ruminants, including cattle and buffaloes, are also significant consumers of feed additives, contributing to consistent market demand. The "Other Animals" segment comprises various animal species, each with specific needs, representing a diversified and potentially high-growth area.
Thailand Feed Additives Industry Product Developments
Recent years have witnessed significant advancements in feed additive technology, focusing on improved efficacy, enhanced digestibility, and reduced environmental impact. New enzyme formulations, specifically phytase, are being introduced for greater nutrient absorption and reduced phosphorus excretion. The integration of prebiotics and probiotics further enhances gut health and optimizes animal performance. Phytogenic feed additives, derived from plant extracts, are gaining traction due to their natural origin and positive impact on animal health and immunity. These advancements reflect the market's growing emphasis on sustainability and natural solutions.
Key Drivers of Thailand Feed Additives Industry Growth
The growth of the Thailand feed additives industry is driven by several key factors:
Expanding Livestock Sector: Thailand's growing population and rising per capita income fuel demand for animal protein sources, stimulating the livestock sector and increasing the need for feed additives.
Technological Advancements: Innovations in enzyme technology, probiotics, and phytogenics deliver more efficient and sustainable feed solutions, boosting the market's growth.
Government Support: Government initiatives to improve livestock productivity and enhance food security create a positive environment for industry growth.
Challenges in the Thailand Feed Additives Industry Market
Despite its growth potential, the Thailand feed additives industry faces several challenges:
Fluctuating Raw Material Prices: The reliance on imported raw materials exposes the industry to price volatility, impacting profitability and cost competitiveness. This effect is estimated to reduce the overall market growth by approximately 1% annually.
Intense Competition: The presence of numerous domestic and international players leads to intense competition, impacting pricing and market share.
Regulatory Hurdles: Strict regulatory frameworks related to feed safety and environmental standards pose challenges for manufacturers.
Emerging Opportunities in Thailand Feed Additives Industry
Several factors present promising growth opportunities:
The increasing focus on sustainability and the demand for environmentally friendly feed additives provide considerable opportunities. Strategic partnerships between feed additive manufacturers and livestock producers are creating synergistic collaborations, leveraging each other’s expertise and expanding market access. The exploration of novel additive formulations, specifically those targeting specific animal species, offers pathways towards optimizing animal health and productivity. The growing demand for high-value animal protein in both domestic and international markets drives expansion opportunities.
Leading Players in the Thailand Feed Additives Industry Sector
- Solvay S A
- SHV (Nutreco NV)
- Brenntag SE
- DSM Nutritional Products AG
- Novus International Inc
- Archer Daniel Midland Co
- BASF SE
- Alltech Inc
- Impextraco NV
- Cargill Inc
Key Milestones in Thailand Feed Additives Industry Industry
- January 2023: Novus International's acquisition of Agrivida strengthens its position in developing innovative feed additives.
- June 2022: The Delacon-Cargill collaboration boosts the global plant-based phytogenic feed additives market and expands expertise.
- January 2022: The launch of Hiphorius phytase by the DSM-Novozymes alliance offers a significant improvement in poultry feed efficiency.
Strategic Outlook for Thailand Feed Additives Industry Market
The Thailand feed additives market holds significant long-term growth potential, driven by the country's expanding livestock and aquaculture industries. Strategic investments in research and development, focusing on sustainable and high-performance additives, will be crucial for success. Collaborative partnerships, both within the industry and with livestock producers, will enhance market penetration and create mutually beneficial outcomes. Focusing on specific animal segments with high-growth potential will provide strategic advantages in a competitive market.
Thailand Feed Additives Industry Segmentation
-
1. Additive
-
1.1. Acidifiers
-
1.1.1. By Sub Additive
- 1.1.1.1. Fumaric Acid
- 1.1.1.2. Lactic Acid
- 1.1.1.3. Propionic Acid
- 1.1.1.4. Other Acidifiers
-
1.1.1. By Sub Additive
-
1.2. Amino Acids
- 1.2.1. Lysine
- 1.2.2. Methionine
- 1.2.3. Threonine
- 1.2.4. Tryptophan
- 1.2.5. Other Amino Acids
-
1.3. Antibiotics
- 1.3.1. Bacitracin
- 1.3.2. Penicillins
- 1.3.3. Tetracyclines
- 1.3.4. Tylosin
- 1.3.5. Other Antibiotics
-
1.4. Antioxidants
- 1.4.1. Butylated Hydroxyanisole (BHA)
- 1.4.2. Butylated Hydroxytoluene (BHT)
- 1.4.3. Citric Acid
- 1.4.4. Ethoxyquin
- 1.4.5. Propyl Gallate
- 1.4.6. Tocopherols
- 1.4.7. Other Antioxidants
-
1.5. Binders
- 1.5.1. Natural Binders
- 1.5.2. Synthetic Binders
-
1.6. Enzymes
- 1.6.1. Carbohydrases
- 1.6.2. Phytases
- 1.6.3. Other Enzymes
- 1.7. Flavors & Sweeteners
-
1.8. Minerals
- 1.8.1. Macrominerals
- 1.8.2. Microminerals
-
1.9. Mycotoxin Detoxifiers
- 1.9.1. Biotransformers
-
1.10. Phytogenics
- 1.10.1. Essential Oil
- 1.10.2. Herbs & Spices
- 1.10.3. Other Phytogenics
-
1.11. Pigments
- 1.11.1. Carotenoids
- 1.11.2. Curcumin & Spirulina
-
1.12. Prebiotics
- 1.12.1. Fructo Oligosaccharides
- 1.12.2. Galacto Oligosaccharides
- 1.12.3. Inulin
- 1.12.4. Lactulose
- 1.12.5. Mannan Oligosaccharides
- 1.12.6. Xylo Oligosaccharides
- 1.12.7. Other Prebiotics
-
1.13. Probiotics
- 1.13.1. Bifidobacteria
- 1.13.2. Enterococcus
- 1.13.3. Lactobacilli
- 1.13.4. Pediococcus
- 1.13.5. Streptococcus
- 1.13.6. Other Probiotics
-
1.14. Vitamins
- 1.14.1. Vitamin A
- 1.14.2. Vitamin B
- 1.14.3. Vitamin C
- 1.14.4. Vitamin E
- 1.14.5. Other Vitamins
-
1.15. Yeast
- 1.15.1. Live Yeast
- 1.15.2. Selenium Yeast
- 1.15.3. Spent Yeast
- 1.15.4. Torula Dried Yeast
- 1.15.5. Whey Yeast
- 1.15.6. Yeast Derivatives
-
1.1. Acidifiers
-
2. Animal
-
2.1. Aquaculture
-
2.1.1. By Sub Animal
- 2.1.1.1. Fish
- 2.1.1.2. Shrimp
- 2.1.1.3. Other Aquaculture Species
-
2.1.1. By Sub Animal
-
2.2. Poultry
- 2.2.1. Broiler
- 2.2.2. Layer
- 2.2.3. Other Poultry Birds
-
2.3. Ruminants
- 2.3.1. Dairy Cattle
- 2.3.2. Other Ruminants
- 2.4. Swine
- 2.5. Other Animals
-
2.1. Aquaculture
Thailand Feed Additives Industry Segmentation By Geography
- 1. Thailand

Thailand Feed Additives 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 3.20% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increase in Fish Consumption; Rise in Export-oriented Aquaculture
- 3.3. Market Restrains
- 3.3.1. Fluctuating Global Prices of Raw Materials; Increasing Disease Epidemics in Major Markets
- 3.4. Market Trends
- 3.4.1. OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Thailand Feed Additives Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Additive
- 5.1.1. Acidifiers
- 5.1.1.1. By Sub Additive
- 5.1.1.1.1. Fumaric Acid
- 5.1.1.1.2. Lactic Acid
- 5.1.1.1.3. Propionic Acid
- 5.1.1.1.4. Other Acidifiers
- 5.1.1.1. By Sub Additive
- 5.1.2. Amino Acids
- 5.1.2.1. Lysine
- 5.1.2.2. Methionine
- 5.1.2.3. Threonine
- 5.1.2.4. Tryptophan
- 5.1.2.5. Other Amino Acids
- 5.1.3. Antibiotics
- 5.1.3.1. Bacitracin
- 5.1.3.2. Penicillins
- 5.1.3.3. Tetracyclines
- 5.1.3.4. Tylosin
- 5.1.3.5. Other Antibiotics
- 5.1.4. Antioxidants
- 5.1.4.1. Butylated Hydroxyanisole (BHA)
- 5.1.4.2. Butylated Hydroxytoluene (BHT)
- 5.1.4.3. Citric Acid
- 5.1.4.4. Ethoxyquin
- 5.1.4.5. Propyl Gallate
- 5.1.4.6. Tocopherols
- 5.1.4.7. Other Antioxidants
- 5.1.5. Binders
- 5.1.5.1. Natural Binders
- 5.1.5.2. Synthetic Binders
- 5.1.6. Enzymes
- 5.1.6.1. Carbohydrases
- 5.1.6.2. Phytases
- 5.1.6.3. Other Enzymes
- 5.1.7. Flavors & Sweeteners
- 5.1.8. Minerals
- 5.1.8.1. Macrominerals
- 5.1.8.2. Microminerals
- 5.1.9. Mycotoxin Detoxifiers
- 5.1.9.1. Biotransformers
- 5.1.10. Phytogenics
- 5.1.10.1. Essential Oil
- 5.1.10.2. Herbs & Spices
- 5.1.10.3. Other Phytogenics
- 5.1.11. Pigments
- 5.1.11.1. Carotenoids
- 5.1.11.2. Curcumin & Spirulina
- 5.1.12. Prebiotics
- 5.1.12.1. Fructo Oligosaccharides
- 5.1.12.2. Galacto Oligosaccharides
- 5.1.12.3. Inulin
- 5.1.12.4. Lactulose
- 5.1.12.5. Mannan Oligosaccharides
- 5.1.12.6. Xylo Oligosaccharides
- 5.1.12.7. Other Prebiotics
- 5.1.13. Probiotics
- 5.1.13.1. Bifidobacteria
- 5.1.13.2. Enterococcus
- 5.1.13.3. Lactobacilli
- 5.1.13.4. Pediococcus
- 5.1.13.5. Streptococcus
- 5.1.13.6. Other Probiotics
- 5.1.14. Vitamins
- 5.1.14.1. Vitamin A
- 5.1.14.2. Vitamin B
- 5.1.14.3. Vitamin C
- 5.1.14.4. Vitamin E
- 5.1.14.5. Other Vitamins
- 5.1.15. Yeast
- 5.1.15.1. Live Yeast
- 5.1.15.2. Selenium Yeast
- 5.1.15.3. Spent Yeast
- 5.1.15.4. Torula Dried Yeast
- 5.1.15.5. Whey Yeast
- 5.1.15.6. Yeast Derivatives
- 5.1.1. Acidifiers
- 5.2. Market Analysis, Insights and Forecast - by Animal
- 5.2.1. Aquaculture
- 5.2.1.1. By Sub Animal
- 5.2.1.1.1. Fish
- 5.2.1.1.2. Shrimp
- 5.2.1.1.3. Other Aquaculture Species
- 5.2.1.1. By Sub Animal
- 5.2.2. Poultry
- 5.2.2.1. Broiler
- 5.2.2.2. Layer
- 5.2.2.3. Other Poultry Birds
- 5.2.3. Ruminants
- 5.2.3.1. Dairy Cattle
- 5.2.3.2. Other Ruminants
- 5.2.4. Swine
- 5.2.5. Other Animals
- 5.2.1. Aquaculture
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Thailand
- 5.1. Market Analysis, Insights and Forecast - by Additive
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Solvay S A
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 SHV (Nutreco NV)
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 Brenntag SE
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 DSM Nutritional Products AG
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Novus International Inc
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Archer Daniel Midland Co
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 BASF SE
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Alltech Inc
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Impextraco NV
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 Cargill Inc
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.1 Solvay S A
List of Figures
- Figure 1: Thailand Feed Additives Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Thailand Feed Additives Industry Share (%) by Company 2024
List of Tables
- Table 1: Thailand Feed Additives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Thailand Feed Additives Industry Revenue Million Forecast, by Additive 2019 & 2032
- Table 3: Thailand Feed Additives Industry Revenue Million Forecast, by Animal 2019 & 2032
- Table 4: Thailand Feed Additives Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Thailand Feed Additives Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: Thailand Feed Additives Industry Revenue Million Forecast, by Additive 2019 & 2032
- Table 7: Thailand Feed Additives Industry Revenue Million Forecast, by Animal 2019 & 2032
- Table 8: Thailand Feed Additives Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Thailand Feed Additives Industry?
The projected CAGR is approximately 3.20%.
2. Which companies are prominent players in the Thailand Feed Additives Industry?
Key companies in the market include Solvay S A, SHV (Nutreco NV), Brenntag SE, DSM Nutritional Products AG, Novus International Inc, Archer Daniel Midland Co, BASF SE, Alltech Inc, Impextraco NV, Cargill Inc.
3. What are the main segments of the Thailand Feed Additives Industry?
The market segments include Additive, Animal.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increase in Fish Consumption; Rise in Export-oriented Aquaculture.
6. What are the notable trends driving market growth?
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.
7. Are there any restraints impacting market growth?
Fluctuating Global Prices of Raw Materials; Increasing Disease Epidemics in Major Markets.
8. Can you provide examples of recent developments in the market?
January 2023: Novus International acquired the Biotech company Agrivida to develop new feed additives.June 2022: Delacon and Cargill collaborated to establish a global plant-based phytogenic feed additives business for enhanced animal nutrition. The partnership has helped in extensive feed additives expertise as well as an increase in the global presence.January 2022: Hiphorius is a new generation of phytase introduced by the DSM-Novozymes alliance. It is a comprehensive phytase solution created to assist poultry producers in achieving lucrative and sustainable protein output.
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 "Thailand Feed Additives 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 Thailand Feed Additives 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 Thailand Feed Additives Industry?
To stay informed about further developments, trends, and reports in the Thailand Feed Additives 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