Report Description Report Description and Highlights

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. On account of the aforementioned factors, the market is expected to grow at a CAGR of 3.8% during the forecast period (2023-2028).

Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).