Portland, OR, Nov. 17, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global onion salt market was estimated at $105.6 million in 2021 and is expected to hit $188.3 million by 2031, registering a CAGR of 5.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $105.6 Million |
| Market Size in 2031 | $188.3 Million |
| CAGR | 5.8% |
| No. of Pages in Report | 259 |
| Segments Covered | Form, End user, Sales Channel, and Region. |
| Drivers | Increasing prefernce of consumers toward diversified flavors of onion |
| Restraints | Growing awareness among consumers toward the adverse effects of fast food where onion salt is used |
| Opportunities | Emergence of quick service restaurants in the developed and developing countries |
Covid-19 scenario-
- The majority of key players in the onion salt market started strategizing on promoting their products and services on various social media platforms. And, rise in internet penetration during the time boosted the market growth.
- Also, increase in investment and R&D activities by the onion stakeholders augmented the growth of the market.
The global onion salt market is analyzed across form, end user, sales channel, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By form, the conventional segment held more than 90% of the global onion salt market revenue in 2021, and is expected to dominate by 2031. The organic segment, on the other hand, would manifest the fastest CAGR of 8.4% throughout the forecast period.
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By end user, the food processing segment garnered nearly three-fifths of the total onion salt market share in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 6.5% throughout the forecast period.
By sales channel, the business to business segment held nearly 90% of the global onion salt market revenue in 2021, and is expected to dominate by 2031. The business to consumer segment, simultaneously, would cite the fastest CAGR of 6.7% throughout the forecast period.
Based on region, the onion salt market across North America generated nearly two-fifths of the global share in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 7.6% during the forecast period. The other provinces analyzed through the report include Europe and LAMEA.
The key market players analyzed in the global onion salt market report include Leighty's Farm Market, Inc., AUM Fresh, B&G Foods, Inc., Badia Spices, Inc., G-Fresh, Urban Platter, Hoyts Food Manufacturing Industries Pty Ltd, McCormick & Company, Inc., Monterey Bay Herb Company, Starlight Herb & Spice Co., The Kroger Co., Trader Joe’s, and woodland foods. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
