Future Market Insights Reviews 7

Market conditions can shift materially within months as geopolitics, macroeconomics, regulation, and competitive moves evolve. That means a report purchased early in the year may be partially outdated by mid-year. Future Market Insights addresses this with periodic mini-updates that flag meaningful developments and implications, helping clients keep their view of the market current after purchase. For organizations that value decision-grade, up-to-date market intelligence, FMI is a strong option.

I am based in India and I bought a India specific report on e-commerce. The experience I had was that whatever was communicated in the scope of the report was covered, up to 90%. When I pointed out that still 10% of scope needs to be provided as a final report, it was provided on time. I also received a complimentary update to the report after 6 months. I wish Sudip and his team all the very best.

Title:
Misleading market size claims — refused to honor refund promise

Review:
Short version: I hired Future Market Insights (FMI) after they confidently claimed the Nigerian paper cup market was 1 billion cups annually. We agreed that if their research showed a market more than 50% smaller, I would receive a refund. Their final report estimated only 283 million cups — over 70% less — yet they refused to refund and instead asked for more money to “refine” the research.

Full account:
I engaged FMI to conduct market research on the Nigerian paper cup industry based on their initial claim of 1 billion cups per year. Before starting, I made it clear — and they agreed — that if the final market size was more than 50% below this figure, there would be no point in continuing, and I would expect a refund.

After receiving payment, FMI delivered a report putting the market size at only 283 million cups — more than 70% lower than their original claim. Despite this clear trigger for our refund agreement, they refused to honor it. Instead, they shifted their position, saying they could show me where “growth potential” existed but only if I paid them additional fees.

This approach was highly unprofessional. I had engaged them in good faith based on their own numbers, which turned out to be far off the mark. Rather than addressing the issue and honoring our agreement, they attempted to upsell further work.

This experience has cost me both money and valuable time. I would strongly advise others to independently verify any claims made by FMI before committing to a project.

Wow, I have never been so disappointed in a website. After finding what appeared to be relatively accurate information on several products (despite some writing that seemed to be either AI-generated or directly translated from another language), I came upon a paragraph with inexcusably out-of-touch information. The following is a copy-and-paste from an FMI webpage on Black Currant Powder. I've added my notes in brackets following the errors. Finding errors of this magnitude greatly decrease my confidence in the accuracy of the information provided on the website. This text appears to be AI-generated and not fact-checked by humans.

"The US Department of Agriculture has banned the production of blackcurrant powder [Black currants were previously banned but the bans have by and large been lifted -- research is clearly lacking on the history of the bans] because the plant has the potential to spread a disease that might wipe out all American food cravings [This statement has no bearing on reality and has no relation to the original ban, and is ridiculous to boot]. To protect the snowy pains [This paragraph is digressing into nonsense words], which are creating a tough aspect ["Creating a tough aspect" does not have meaning in the English language in this context. A noun such as "challenge" would be grammatically correct, although it would still not cause this sentence to be true] for the blackcurrant powder industry, the Federal Government also banned the farming, selling, and transference of blackcurrant. There is no denying that North America, and particularly the United States, will continue to play a significant role. [This sentence has no substantive meaning.] Changes made by the United States could have an impact on the direction in which blackcurrant powder is moving. Due to the widespread use of cutting-edge technology and the presence of major competitors in this area, the market is projected to have plenty of room for expansion. [Whether this sentence has meaning or connection to reality is questionable.]

The data provided by Future Market Insights were incomplete and did not fully meet the requirements of the customer.

During the sales process, Sakashi Chandel from Business Development & Sales advised that the company have all the data that we requested.

But after reviewing the information sent by the company, I realised that the researchers do not have the right knowledge in the industry, and all the data provided are all based on their desktop research and are incomplete. Harish Tiwari, the Director of Sales will just brush off your inquires by saying that they had already provided the data that they have which obviously is very limited and not even complete.

Due to lack of industry knowledge, the team is also unable to justify how they perform the data projection in 2023 to 2025.

I am truly disappointed by the bad quality of work delivered by Future Market Insights.

We hired Future Market Insights for custom report on the global vegan pasta market. On what is the market size and growth outlook for our target geographies , with a detailed competitive benchmarking

Future Market Insights has been widely acknowledged and covered for its in-depth industry views and analysis across some of the leading media agencies such as Packaging Europe, Packaging Digest, ESI-Africa, E&T magazine, Electronic Specifier, Vita Food Insights, Oil and Gas Online, New Food Magazine, Vegconomist, among others.