Global Onion Powder Market Report and Forecast 2024-2032

Global Onion Powder Market Outlook

The global onion powder market attained a volume of 71.20 KMT in 2023. The market is expected to grow at a CAGR of 5.2% between 2024 and 2032 to reach a volume of 112.36 KMT by 2032.

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The global onion powder market is currently being driven by a growing demand for convenience foods, urbanization, per capita income levels and consumer preferences for healthier products. This report by Expert Market Research, entitled “Global Onion Powder Market Report and Forecast 2024-2032”, provides a comprehensive analysis for anyone who plans to foray into the market.

Historical market trends for the global onion powder market have been provided from 2018-2023 and forecasts have been presented till 2032. The value chain analysis, encompassing all the activities such as procurement, manufacturing, sales, and distribution, has also been covered in this report.  Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.

This report provides an exhaustive insight for setting-up and running an onion powder manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.

Market Segmentation

Onion powder is ground and dehydrated form of fresh onions which contains almost same amount of nutrients and health benefits as onions, such as dietary fibres, manganese, calcium, vitamin C, various antioxidants, improved glucose tolerance, and possible anti-cancer effects. Some of the primary advantages of dehydrated onions are that they are easy to store, lighter in weight and smaller in bulk than fresh or other processed onions.

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By product type, the global onion powder market can be divided into the following:

• Conventional  
• Organic
• Others

The packaging type in the industry can be divided into pouches, cans, and aseptic cartons, among others.

The distribution channels in the market can be divided into the following:

• Supermarkets and Hypermarkets   
• Specialist Stores  
• Convenience Stores
• Online Stores
• Others

The end users can be bifurcated into home users and institutional users.

The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Market Analysis

In the food sector, onion powder is commonly used in seasonings, condiments, dry rubber, marinades, sauces, and a variety of prepared food products as a flavouring agent. Hectic lifestyles as well as changing consumer eating habits have led to an immediate food demand that pushes the to rise. In addition, in the workplace there is growing consumption of onion powder, as the onion cuts are removed, and time saved. However, onion powder production depends on the availability of onions, the environmental factors including precipitation are highly affected. The lack of access to onions will result in price fluctuations, thereby affecting the income of the producers of onion powder.

Competitive Landscape

The report analyses the following key players in the global onion powder market, looking into their capacity, competitive landscape, and latest developments like mergers and acquisitions, expansions of capacity, and plant turnarounds:

• McCormick & Company, Inc
• Mars, Incorporated 
• Henan Sunny Foodstuff Co.,Ltd
• SODELEG
• V.T. Foods Pvt. Ltd
• Others

In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complemented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.

Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.

Key Highlights of the Report