The global dry onion market has reached a valuation of US$ 4.26 billion in 2023 and is estimated to jump to US$ 7.01 billion by 2033-end. Worldwide shipments of dry onions are predicted to rise at 5.1% CAGR over the next ten years, which is higher than the historical CAGR of 4.1% (2018 to 2022).
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Dry Onion market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Dry Onion market.
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Key findings of the Dry Onion market study:
- Regional breakdown of the Dry Onion market based on predefined taxonomy.
- Innovative manufacturing processes implemented by Dry Onion vendors in detail.
- Region-wise and country-wise fragmentation of the Dry Onion market to grasp the revenue, and growth outlook in these areas.
- Changing preferences among consumers across various regions and countries.
- Factors (Positive and Negative) impacting the growth of the global Dry Onion market.
Growth Drivers:
- Increasing Consumer Demand: As a staple ingredient in various cuisines worldwide, the demand for dry onions continues to rise due to population growth, urbanization, and changing dietary preferences.
- Convenience and Long Shelf Life: Dry onions offer convenience as they have a longer shelf life compared to fresh onions. Consumers appreciate the ease of storage and use, making them a popular choice.
- Processed Food Industry: Dry onions are widely used in the processed food industry for their flavor and versatility. The growth of convenience foods, snacks, and ready-to-eat meals contributes to the demand for dry onions.
- Export Opportunities: Many countries export dry onions to meet international demand. This global trade presents opportunities for market growth, as countries seek to expand their export markets.
- Health Awareness: Dry onions are recognized for their health benefits, including antioxidants and anti-inflammatory properties. As consumers become more health-conscious, the demand for ingredients like dry onions in healthy recipes grows.
- Foodservice Sector: The foodservice industry, including restaurants, fast-food chains, and catering services, relies on dry onions for their menu items. The growth of this sector drives demand for bulk quantities of dry onions.
- Processed Snacks: Dry onions are used in various snacks such as onion rings and flavored chips. The snacking industry’s growth boosts the demand for these products.
- Technological Advancements: Improved drying and packaging technologies have enhanced the quality and shelf life of dry onions, making them more accessible to consumers and businesses.
- Regional Cuisine: The popularity of dishes from different regions, which often include dry onions as a key ingredient, contributes to market growth as consumers seek diverse culinary experiences.
- Government Initiatives: Government support and policies related to agriculture and food processing can impact the supply and pricing of dry onions, influencing market growth.
- Environmental Factors: Crop yields and quality can be influenced by weather conditions and climate change. These factors can affect the supply and pricing of dry onions, impacting market dynamics.
- Supply Chain and Distribution: Efficient supply chain management and distribution networks play a crucial role in ensuring the availability of dry onions to consumers, which supports market growth.
Key Companies Profiled
- Olam International
- Daksh Foods
- Murtuza Foods Pvt. Ltd.
- Cascade Specialties Inc.
- Shreeji Dehydrate
- Pardes Dehydration
- Kings Dehydrated Foods Pvt. Ltd.
- Vibrant Dehydro Foods Pvt. Ltd.
- Natural Dehydrated Vegetables
- Foodchem International Corporation
Competitive Landscape
Top-tier dry onion suppliers are also expected to adopt different strategies such as collaborations, mergers, acquisitions, and partnerships to expand their business scope and improve revenue generation capacity.
- In October 2021, Olam International, a leading agri-business company operating in 60 countries, announced that it had partnered with food safety tech provider Agri-Neo to provide organically pasteurized dried onions. This move was aimed at enhancing the food safety for both conventional and organic ingredients provided by Olam and combines Olam’s leadership in dried onions with Agri-Neo’s pasteurization technology titled Neo-PureTM.
Key Segments of Dry Onion Industry Research
- By Form :
- Dry Onion Flakes
- Dry Onion Powder
- Dry Onion Granules
- Minced Dry Onion
- Other Dry Onion Forms
- By Drying Process :
- Air Onion Drying
- Freeze Onion Drying
- Vacuum Onion Drying
- Other Onion Drying Processes
- By Application :
- Culinary Applications
- Soups
- Sauces
- Salad Dressings
- Snacks & Convenience Food
- Bakery Products
- Fast Food Restaurant Chains
- Meat & Poultry Products
- Other Applications
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Queries addressed in the Dry Onion market report:
- Why are the Dry Onion market players targeting region for increased product sales?
- What patented technologies are the players utilizing in the global Dry Onion market?
- Which regions are displaying the fastest growth in the Dry Onion market?
- What are the underlying micro- macroeconomic factors affecting the global Dry Onion market?
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