The new report by Expert Market Research titled, ‘Global Onion Powder Demand, Size, Share, Price, Report and Forecast 2021-2026’, gives an in-depth analysis of the global onion powder market, assessing the market based on its segments like product type, packaging type, distribution channels, end uses and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 33 tons
- Forecast CAGR (2021-2026): 3%
- Forecast Market Size (2026):63 tons
The increasing public awareness of the health benefits of dehydrated onions, such as their high calcium and magnesium content, is a factor driving the growth of the targeted market, but climatic conditions may prevent onion cultivation, inhibiting the growth of the onion powder industry.
Industry Definition and Major Segments
Onion powder is a powdered and dehydrated form of fresh onions that has nearly the same nutrients and health advantages as onions, such as manganese, calcium, vitamin C, different antioxidants, better glucose tolerance, and potential anti-cancer effects. Dehydrated onions have several advantages, including being easier to store, lighter in weight, and smaller in mass than fresh or other processed onions.
Based on product type, the market can be divided into:
Based on the packaging type, the market is divided into:
- Aseptic Cartons
On the basis of distribution channels, the market can be classified into:
- Supermarkets and Hypermarkets
- Specialist Stores
- Convenience Stores
- Online Stores
Based on the end users, the market is bifurcated into:
- Home Users
- Institutional Users
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global onion powder market is driven by increasing demand for ready-to-eat food products such as noodles, soups, sauces, pizza, pasta, and other products used as a culinary onion by large catering establishments and industrial canteens and rising disposable income among individuals are some of the factors driving the onion powder market’s growth. Busy and stressful lifestyles and changing consumer eating habits have resulted in an abrupt increase in food demand, driving the price increase. Additionally, there is an increase in the use of onion powder in the workplace as it saves time. Onion powder manufacturing is largely dependent on onion availability, as well as environmental factors such as precipitation. Price changes will result from a lack of availability to onions, impacting the income of onion powder producers.
Key Market Players
The major players in the market are McCormick & Company, Inc, Mars, Incorporated, Henan Sunny Foodstuff Co.,Ltd, SODELEG, V.T. Foods Pvt. Ltd,and others.
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Also Read: https://www.wellarticles.com/global-content-moderation-solutions-market-to-be-driven-by-increasing-support-from-government-organisations-in-the-forecast-period-of-2021-2026/
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.