Five Key Takeaways from Fact.MR's Report on Dry Onion Market
According to a study by Fact.MR, the global dry onion market is estimated to register 6.4% CAGR on Upcoming Years.
According to a study by Fact.MR, the global dry onion market is likely to experience robust growth. The market is estimated to register 6.4% CAGR during the forecast period 2017-2022. The benefit of preserving the onion for a long time after drying is of the biggest factors resulting in the increased demand for dry onion. Moreover, dry onions are also being used to produce dry onion powder as an ingredient in various foods. Food processing industry is also using dry onions as an ingredient in ready-to-eat products, sauces, soup powders, etc. Below insights show how the global dry onion market will perform in the coming years.
5 Forecast Highlights on Global Dry Onion Market
Asia Pacific Excluding Japan (APEJ) is expected to dominate the global dry onion market. APEJ dry onion market is estimated to create an incremental opportunity exceeding US$ 400 million between 2017 and 2022. High production of onion in various countries in APEJ is driving the market growth. Moreover, increased production is also resulting in the rise in exports of the dry onion globally, hence boosting the growth in APEJ.
Meanwhile, North America dry onion market is also expected to witness healthy growth. By the end of 2022, North America is estimated to exceed US$ 800 million revenue. Increasing demand and use of dry onions in everyday cooking and increasing production of onion powder as an ingredient as some of the factors resulting in the growth of dry onion market in North America.
Dry onion in form of flakes is expected to witness impressive growth. Flakes as a dry onion form is estimated to surpass US$ 1,900 million by the end of 2022. Meanwhile, powder form is also expected to show robust growth throughout the forecast period.
Compared to the other drying processes, air drying process for making dry onion is expected to emerge as the highly adopted process. Air drying process is estimated to reach close to US$ 2,000 million revenue by the end of 2022.
Dry onions are expected to be largely used in culinary. Culinary is expected to witness healthy growth. Between 2017 and 2022, culinary is also estimated to create an incremental opportunity surpassing US$ 200 million.
The report has also profiled leading players in the global market for dry onion, which will remain active through 2022. These include companies such as Murtuza Foods Pvt. Ltd, Kings Dehydrated Foods Pvt. Ltd, Cascade Specialties Inc., Vibrant Dehydro Foods Pvt. Ltd, Daksh Foods, Pardes Dehydration, Shreeji Dehydrate, and Foodchem International Corporation.
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The report also profiles companies that are expected to remain active in the expansion of global dry onion market through 2022, which include Kings Dehydrated Foods Pvt. Ltd, Murtuza Foods Pvt. Ltd, Vibrant Dehydro Foods Pvt. Ltd, Cascade Specialties Inc., Shreeji Dehydrate, Vibrant Dehydro Foods Pvt. Ltd, Foodchem International Corporation, Pardes Dehydration, and Daksh Foods.
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