The new report by Expert Market Research titled, ‘Global Onion Powder Market Price, Size, Share, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global onion powder market, assessing the market based on its segments like product types, packaging types, distribution channels, end-users, 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.
Onion Powder Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 5.3%
The increasing application of onion powder in a variety of cuisines to increase the smoothness of overall texture is driving the market growth. Onion powder is also gaining traction in the food processing industry owing to the redundancy of chopping, easy and quick cooking and improved texture of the food.
Over the forecast period, the increasing popularity of onion-based dishes and cuisines is likely to propel the demand for onion powder. In terms of region, the Asia Pacific region accounts for a significant share of the market owing to the large population base in emerging economies such as India and China.
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Onion Powder Industry Definition and Major Segments
Onion powder refers to a type of spice which is obtained from dry onions. The smell of the spice is pungent, and its flavour is as good as fresh onions. It is generally used as an alternative to onions owing to the easy handling and no requirement for chopping.
On the basis of product type, the market can be segmented into:
- Conventional
- Organic
- Others
Based on packaging type, the market has been segmented into:
- Pouches
- Cans
- Aseptic Cartons
- Others
By distribution channel, the market has been divided into:
- Supermarkets and Hypermarkets
- Specialist Stores
- Convenience Stores
- Online Stores
- Others
The regional markets for onion powder include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Onion Powder Market Trends
The key trends in the onion powder market include the thriving e-commerce industry, which is propelling the sales of canes, pouches, and cartons of the product. In addition, the rapid development of convenience stores and supermarkets/hypermarket across the urban and semi-urban areas, along with the improving per capita income of the population, is further bolstering the demand for onion powder.
Over the forecast period, the increasing awareness pertaining to the high calcium and magnesium content of onion powder is anticipated to boost the popularity of the product. The rapid urbanisation and increasing global population are likely to be the crucial trends in the market.
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
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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