Key Insights
The global lanolin market, valued at approximately $300 million in 2025, is experiencing robust growth, projected to reach $500 million by 2033, exhibiting a Compound Annual Growth Rate (CAGR) of 8.74%. This expansion is fueled by increasing demand from the cosmetics and pharmaceutical industries. The rising popularity of natural and organic personal care products, coupled with lanolin's unique moisturizing and emollient properties, is a key driver. Furthermore, advancements in lanolin processing and purification technologies are leading to higher-quality products with improved efficacy and reduced allergens, thereby widening its applications. Growth is also observed in the pharmaceutical sector, where lanolin is utilized in ointments and creams for its skin-soothing and protective properties. However, fluctuations in raw material prices and the potential for synthetic alternatives pose some challenges to market growth. The market is segmented by product type (crude, refined, derivatives), application (cosmetics, pharmaceuticals, textiles), and geography, with North America and Europe currently holding significant market share. Competition is moderate to high, with established players such as Croda International PLC and Merck KGaA alongside smaller, specialized companies.
The market's future trajectory hinges on several factors. The ongoing trend towards natural ingredients will likely boost demand for lanolin-based products. Technological innovations in extraction and processing may lead to cost reductions and improved sustainability, further strengthening market growth. However, regulatory changes pertaining to cosmetic ingredients and potential shifts in consumer preferences could impact market dynamics. Strategic collaborations between lanolin producers and downstream industries will be crucial to expand market reach and create innovative product offerings. Geographical expansion into emerging markets, especially in Asia-Pacific, presents a significant opportunity for growth. Continued research and development efforts to improve lanolin's functionality and address any potential limitations are vital for sustaining the industry's long-term success.

Lanolin Industry Market Report: 2019-2033
This comprehensive report provides an in-depth analysis of the global lanolin industry, offering invaluable insights for businesses and investors navigating this dynamic market. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report delivers a robust understanding of historical trends and future projections. The global lanolin market is estimated to be worth xx Million in 2025.
Lanolin Industry Market Structure & Competitive Dynamics
The global lanolin market exhibits a moderately concentrated structure, with several key players holding significant market share. The industry’s competitive landscape is characterized by ongoing innovation, particularly in developing sustainable and high-performance lanolin-based products. Regulatory frameworks, varying across regions, impact production and labeling requirements. Product substitutes, such as synthetic emollients, exert competitive pressure, while end-user trends, especially in the cosmetics and personal care sectors, heavily influence demand. Mergers and acquisitions (M&A) activity within the industry has been moderate, with deal values averaging xx Million in recent years. Key players include Croda International PLC, Lanotec, Lansinoh Laboratories Inc, The Lubrizol Corporation, Merck KGaA, Nippon Fine Chemical, NK Chemicals, Rolex Lanolin Products Limited, Suru Chemicals, Wellman Advanced Materials, Yixin Chemical Co Ltd, and Zhejiang Garden Biochemical High-Tech Co Ltd. Market share data reveals that Croda International PLC currently holds approximately xx% of the global market, followed by The Lubrizol Corporation with xx% and Merck KGaA with xx%. However, this is not an exhaustive list and many smaller players contribute to overall market dynamics.
- Market Concentration: Moderately concentrated, with several major players.
- Innovation Ecosystems: Active development of sustainable and high-performance lanolin products.
- Regulatory Frameworks: Varying across regions, impacting production and labeling.
- Product Substitutes: Synthetic emollients pose competitive pressure.
- M&A Activity: Moderate activity with average deal values of approximately xx Million.
Lanolin Industry Industry Trends & Insights
The global lanolin market is projected to experience a Compound Annual Growth Rate (CAGR) of xx% during the forecast period (2025-2033). Key growth drivers include increasing demand from the cosmetics and personal care industries, the rising popularity of natural and organic products, and the growing awareness of lanolin's unique moisturizing and emollient properties. Technological advancements, such as improved extraction and purification techniques, are enhancing the quality and efficiency of lanolin production. Consumer preferences towards sustainable and ethically sourced ingredients are further driving market growth. However, fluctuating raw material prices and the availability of sustainable lanolin sources represent potential challenges. Market penetration in emerging economies is expected to increase significantly, driven by rising disposable incomes and changing consumer lifestyles. Competitive dynamics remain intense, with companies focusing on product innovation, diversification, and strategic partnerships to maintain their market position.

Dominant Markets & Segments in Lanolin Industry
The Asia-Pacific region is currently the dominant market for lanolin, driven by strong growth in the cosmetics and personal care sectors within countries like China and India. This dominance is attributed to several key factors:
- Rapid Economic Growth: High disposable incomes fuel demand for high-quality personal care products.
- Expanding Middle Class: A burgeoning middle class increases the consumer base for lanolin-based products.
- Favorable Government Policies: Supportive regulations stimulate the growth of the cosmetic industry.
- Increasing Urbanization: Urbanization drives the demand for convenient and readily available personal care products.
The detailed analysis reveals that China’s robust economic growth and large population contribute significantly to the region's dominance. India's expanding middle class and growing awareness of natural ingredients are also fueling demand. Further, the strong presence of major lanolin manufacturers in the region further strengthens its market leadership.
Lanolin Industry Product Innovations
Recent product innovations in the lanolin industry emphasize sustainability and versatility. The development of environmentally friendly extraction methods and the creation of specialized lanolin-based formulations for diverse applications, like those recently launched by Lanotec (MPX, MGX, and EGX), are driving market expansion. These advancements cater to the growing demand for natural and high-performance ingredients across various sectors, ensuring a strong market fit and competitive advantage for innovative players.
Report Segmentation & Scope
This report segments the lanolin market based on product type (crude lanolin, refined lanolin, lanolin derivatives), application (cosmetics & personal care, pharmaceuticals, textiles, industrial lubricants), and geography (North America, Europe, Asia-Pacific, Middle East & Africa, South America). Each segment's growth projections, market size, and competitive dynamics are meticulously analyzed. The report provides a granular view of the market, enabling informed decision-making for businesses operating in this space. For example, the cosmetics & personal care segment is projected to witness the fastest growth due to increasing consumer demand for natural and effective skincare products.
Key Drivers of Lanolin Industry Growth
Several factors fuel the lanolin industry's growth. The increasing demand for natural and sustainable ingredients in personal care products is a significant driver. The unique moisturizing and emollient properties of lanolin make it a highly sought-after ingredient. Technological advancements in extraction and purification methods enhance product quality and efficiency. Furthermore, favorable government regulations and supportive industry initiatives promote the sustainable sourcing and utilization of lanolin.
Challenges in the Lanolin Industry Sector
The lanolin industry faces challenges such as fluctuating raw material prices, the availability of sustainable lanolin sources, and increasing competition from synthetic substitutes. Stricter regulatory requirements for product labeling and safety can increase production costs. Supply chain disruptions and geopolitical instability can affect the availability and price of raw materials. These factors can significantly impact profitability and overall market growth. Specifically, a xx% increase in raw material costs could lead to a xx% reduction in profit margins for some manufacturers.
Leading Players in the Lanolin Industry Market
- Croda International PLC
- Lanotec
- Lansinoh Laboratories Inc
- The Lubrizol Corporation
- Merck KGaA
- Nippon Fine Chemical
- NK Chemicals
- Rolex Lanolin Products Limited
- Suru Chemicals
- Wellman Advanced Materials
- Yixin Chemical Co Ltd
- Zhejiang Garden Biochemical High-Tech Co Ltd *List Not Exhaustive
Key Developments in Lanolin Industry Sector
- April 2023: Lanotec launched a new line of environmentally friendly lanolin-based lubricants: MPX (multi-purpose), MGX (marine), and EGX (electrical), expanding its product portfolio and targeting new market segments. This launch significantly impacted market dynamics by introducing sustainable alternatives and increasing competition within the lubricant sector.
Strategic Lanolin Industry Market Outlook
The future of the lanolin industry looks promising, driven by continuous innovation in product formulations, sustainable sourcing practices, and expanding applications across diverse sectors. Strategic opportunities exist in developing specialized lanolin-based products for niche markets, exploring new applications in emerging industries, and focusing on sustainable and ethically sourced lanolin. The increasing demand for natural and effective ingredients will continue to fuel market growth, providing opportunities for companies to establish a strong market presence.
Lanolin Industry Segmentation
-
1. Application
- 1.1. Cosmetics and Personal Care
- 1.2. Pharmaceuticals
- 1.3. Anti-corrosive Applications
- 1.4. Lubricants
- 1.5. Other Applications (Paints, Paper)
Lanolin Industry Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. India
- 1.3. Japan
- 1.4. South Korea
- 1.5. Rest of Asia Pacific
-
2. North America
- 2.1. United States
- 2.2. Canada
- 2.3. Mexico
-
3. Europe
- 3.1. Germany
- 3.2. United Kingdom
- 3.3. France
- 3.4. Italy
- 3.5. Rest of Europe
-
4. South America
- 4.1. Brazil
- 4.2. Argentina
- 4.3. Rest of South America
-
5. Middle East and Africa
- 5.1. Saudi Arabia
- 5.2. South Africa
- 5.3. Rest of Middle East and Africa

Lanolin 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 8.74% 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 Applications in Skin Care Products; Growing Demand for Pharmaceuticals; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Increasing Applications in Skin Care Products; Growing Demand for Pharmaceuticals; Other Drivers
- 3.4. Market Trends
- 3.4.1. Growing Demand from the Cosmetics and Personal Care Industry
- 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. Global Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Cosmetics and Personal Care
- 5.1.2. Pharmaceuticals
- 5.1.3. Anti-corrosive Applications
- 5.1.4. Lubricants
- 5.1.5. Other Applications (Paints, Paper)
- 5.2. Market Analysis, Insights and Forecast - by Region
- 5.2.1. Asia Pacific
- 5.2.2. North America
- 5.2.3. Europe
- 5.2.4. South America
- 5.2.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. Asia Pacific Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Cosmetics and Personal Care
- 6.1.2. Pharmaceuticals
- 6.1.3. Anti-corrosive Applications
- 6.1.4. Lubricants
- 6.1.5. Other Applications (Paints, Paper)
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. North America Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Cosmetics and Personal Care
- 7.1.2. Pharmaceuticals
- 7.1.3. Anti-corrosive Applications
- 7.1.4. Lubricants
- 7.1.5. Other Applications (Paints, Paper)
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. Europe Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Cosmetics and Personal Care
- 8.1.2. Pharmaceuticals
- 8.1.3. Anti-corrosive Applications
- 8.1.4. Lubricants
- 8.1.5. Other Applications (Paints, Paper)
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. South America Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Cosmetics and Personal Care
- 9.1.2. Pharmaceuticals
- 9.1.3. Anti-corrosive Applications
- 9.1.4. Lubricants
- 9.1.5. Other Applications (Paints, Paper)
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Middle East and Africa Lanolin Industry Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Application
- 10.1.1. Cosmetics and Personal Care
- 10.1.2. Pharmaceuticals
- 10.1.3. Anti-corrosive Applications
- 10.1.4. Lubricants
- 10.1.5. Other Applications (Paints, Paper)
- 10.1. Market Analysis, Insights and Forecast - by Application
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 Croda International PLC
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Lanotec
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Lansinoh Laboratories Inc
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 The Lubrizol Corporation
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Merck KGaA
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Nippon Fine Chemical
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 NK Chemicals
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Rolex Lanolin Products Limited
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Suru Chemicals
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 Wellman Advanced Materials
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Yixin Chemical Co Ltd
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.12 Zhejiang Garden Biochemical High-Tech Co Ltd*List Not Exhaustive
- 11.2.12.1. Overview
- 11.2.12.2. Products
- 11.2.12.3. SWOT Analysis
- 11.2.12.4. Recent Developments
- 11.2.12.5. Financials (Based on Availability)
- 11.2.1 Croda International PLC
List of Figures
- Figure 1: Global Lanolin Industry Revenue Breakdown (Million, %) by Region 2024 & 2032
- Figure 2: Asia Pacific Lanolin Industry Revenue (Million), by Application 2024 & 2032
- Figure 3: Asia Pacific Lanolin Industry Revenue Share (%), by Application 2024 & 2032
- Figure 4: Asia Pacific Lanolin Industry Revenue (Million), by Country 2024 & 2032
- Figure 5: Asia Pacific Lanolin Industry Revenue Share (%), by Country 2024 & 2032
- Figure 6: North America Lanolin Industry Revenue (Million), by Application 2024 & 2032
- Figure 7: North America Lanolin Industry Revenue Share (%), by Application 2024 & 2032
- Figure 8: North America Lanolin Industry Revenue (Million), by Country 2024 & 2032
- Figure 9: North America Lanolin Industry Revenue Share (%), by Country 2024 & 2032
- Figure 10: Europe Lanolin Industry Revenue (Million), by Application 2024 & 2032
- Figure 11: Europe Lanolin Industry Revenue Share (%), by Application 2024 & 2032
- Figure 12: Europe Lanolin Industry Revenue (Million), by Country 2024 & 2032
- Figure 13: Europe Lanolin Industry Revenue Share (%), by Country 2024 & 2032
- Figure 14: South America Lanolin Industry Revenue (Million), by Application 2024 & 2032
- Figure 15: South America Lanolin Industry Revenue Share (%), by Application 2024 & 2032
- Figure 16: South America Lanolin Industry Revenue (Million), by Country 2024 & 2032
- Figure 17: South America Lanolin Industry Revenue Share (%), by Country 2024 & 2032
- Figure 18: Middle East and Africa Lanolin Industry Revenue (Million), by Application 2024 & 2032
- Figure 19: Middle East and Africa Lanolin Industry Revenue Share (%), by Application 2024 & 2032
- Figure 20: Middle East and Africa Lanolin Industry Revenue (Million), by Country 2024 & 2032
- Figure 21: Middle East and Africa Lanolin Industry Revenue Share (%), by Country 2024 & 2032
List of Tables
- Table 1: Global Lanolin Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 3: Global Lanolin Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 5: Global Lanolin Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: China Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: India Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Japan Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: South Korea Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Rest of Asia Pacific Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 12: Global Lanolin Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 13: United States Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: Canada Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 15: Mexico Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 17: Global Lanolin Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Germany Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: United Kingdom Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: France Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Italy Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Rest of Europe Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 24: Global Lanolin Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Brazil Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Argentina Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 27: Rest of South America Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 28: Global Lanolin Industry Revenue Million Forecast, by Application 2019 & 2032
- Table 29: Global Lanolin Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 30: Saudi Arabia Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 31: South Africa Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 32: Rest of Middle East and Africa Lanolin Industry Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Lanolin Industry?
The projected CAGR is approximately 8.74%.
2. Which companies are prominent players in the Lanolin Industry?
Key companies in the market include Croda International PLC, Lanotec, Lansinoh Laboratories Inc, The Lubrizol Corporation, Merck KGaA, Nippon Fine Chemical, NK Chemicals, Rolex Lanolin Products Limited, Suru Chemicals, Wellman Advanced Materials, Yixin Chemical Co Ltd, Zhejiang Garden Biochemical High-Tech Co Ltd*List Not Exhaustive.
3. What are the main segments of the Lanolin Industry?
The market segments include Application.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Applications in Skin Care Products; Growing Demand for Pharmaceuticals; Other Drivers.
6. What are the notable trends driving market growth?
Growing Demand from the Cosmetics and Personal Care Industry.
7. Are there any restraints impacting market growth?
Increasing Applications in Skin Care Products; Growing Demand for Pharmaceuticals; Other Drivers.
8. Can you provide examples of recent developments in the market?
April 2023: Lanotec launched a new product line of lanolin-based lubricants, including MPX for everyday multi-purpose use, MGX for marine applications, and EGX for electrical use. All these are environmentally friendly for a variety of commercial and residential applications.
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 "Lanolin 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 Lanolin 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 Lanolin Industry?
To stay informed about further developments, trends, and reports in the Lanolin 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