According to the latest report by IMARC Group, titled "Onion Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global market is expected to grow at a CAGR of around 5% during 2021-2026. Onion powder refers to a processed product that is widely used to impart the flavor of fresh onions to numerous dishes. It is commercially produced by dehydrating fresh onions in a controlled environment and then grinding the dried flakes into a fine powder. Slightly less pungent in nature, onion powder preserves the nutrient content of the fresh vegetable in an efficient manner. It is a rich source of essential nutrients, which include fiber, protein, carbohydrates, manganese, calcium, iron, cholesterol, folate, vitamins, potassium, phosphorus and magnesium. It is relatively easier to handle and saves a lot of time as it eliminates the requirement for chopping onions. Consequently, it is widely used for the preparation of various soups, salads, snacks, gravies and pasta.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Onion Powder Market Trends:
The market is primarily driven by the growing utilization of onion powder in numerous food applications. The product is widely used across the food processing industry as a flavoring agent. It forms an essential ingredient in the preparation of numerous ready-to-eat and convenience food products, which is providing a thrust to the market growth. This is further supported by the shifting dietary preferences and the inflating per capita income levels of the masses. Onion powder is also used in residential settings in urban households by working professionals with hectic lifestyles and busy schedules. Individuals are continually replacing fresh onions due to their perishable nature. Powdered onions, on the other hand, have a longer shelf life, are available throughout the year and do not require the hassle of cutting and chopping. This, along with the rapid expansion of organized and online retail sectors, is creating a positive outlook for the market. Manufacturers are also engaged in the development of innovative packaging with easy-to-open containers to offer enhanced convenience to the users, which is expected to provide an impetus to the market growth. Looking forward, IMARC Group expects the global onion powder market to continue its robust growth during the forecast period (2021-2026).
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Market Summary:
- On the basis of the product type, the market has been bifurcated into conventional and organic variants.
- Based on the packaging type, the market has been divided into pouches, cans, aseptic cartons, and others.
- On the basis of the distribution channel, the market has been classified into specialty stores, supermarkets/hypermarkets, convenience stores, online retailers, and others.
- Based on the end-user, the market has been bifurcated into home users and institutional users.
- On the geographical front, the market has been segregated into China, India, the United States, Japan, South Korea, Turkey, Iran, Pakistan, Egypt and others.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players.
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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