IMARC Group, a leading market research company, has recently releases report titled “Onion Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, The study provides a detailed analysis of the industry, including the global onion powder market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the onion powder market?
The global onion powder market size reached 70,600 Tons in 2023. Looking forward, IMARC Group expects the market to reach 97,500 Tons by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032.
Onion powder is a seasoning derived from dehydrated onions that have been ground into a fine powder. It serves as a convenient and long-lasting alternative to fresh onions, offering a concentrated flavor that is easily incorporated into a variety of dishes. Commonly used in spice blends, rubs, marinades, soups, and sauces, onion powder delivers the essence of onion without the texture, thus making it ideal for smooth preparations. It is also popular for its ease of use and storage benefits, as it takes up less space and has a longer shelf life as compared to fresh onions.
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What are the growth prospects and trends in the onion powder industry?
The rising awareness about onion powder containing certain essential nutrients and antioxidants represents one of the key factors driving the growth of the market across the globe. This, coupled with the increasing health consciousness among consumers is acting as a growth-inducing factor. The ease of use and long shelf life of onion powder make it a popular choice for busy households, especially those that have limited time for food preparation. Onion powder’s suitability for a wide array of culinary applications, from seasoning blends to marinades and baked goods, is contributing to its high demand.
The growth in popularity of global cuisines that utilize onion-based flavors, such as Indian, Mexican, and Mediterranean foods, is boosting the market. The food processing industry relies on onion powder for creating snacks, ready-to-eat meals, soups, and more, which is providing a steady demand. The proliferation of online retail platforms is making it easier for consumers to access a variety of onion powder brands, leading to expanded market reach.
Advancements in packaging technology ensure longer shelf life and easier storage, further driving sales. Improved agricultural practices and supply chain management help in stable pricing and consistent product availability, which is bolstering the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Conventional
- Organic
Breakup by Packaging Type:
- Pouches
- Cans
- Aseptic Cartons
- Others
Breakup by Distribution Channel:
- Speciality Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailers
- Others
Breakup by End User:
- Home Users
- Institutional Users
Breakup by Country:
- China
- India
- United States
- Japan
- South Korea
- Turkey
- Iran
- Pakistan
- Egypt
- Others
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