Onion Oil Market to Grow with a CAGR of 9.3% Globally through 2028
Rising demand for organic products and expansion of the cosmetics industry are driving the Global Onion Oil Market in the forecast period 2024-2028.
According to TechSci Research report, “Global Onion Oil Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Onion Oil Market stood at USD 45.15 Million in 2022 and is anticipated to grow with a CAGR of 9.3% in the forecast period, 2024-2028. The global onion oil market has been steadily growing in recent years, driven by its diverse range of applications across various industries, from cosmetics and personal care to food and pharmaceuticals. Onion oil, extracted from Allium cepa, is renowned for its therapeutic properties, distinct flavor, and nutritional benefits, making it a valuable ingredient in a wide array of products.
In the food industry, onion oil serves as a flavoring agent, adding the characteristic and beloved onion taste to a variety of dishes, including soups, sauces, and marinades. Its versatile nature allows for easy incorporation into culinary creations, enhancing the overall flavor profile of foods. This culinary versatility has propelled the demand for onion oil, especially in regions where onions are a staple ingredient.
Moreover, the pharmaceutical and healthcare sectors have recognized the medicinal potential of onion oil. It is valued for its antimicrobial, anti-inflammatory, and antioxidant properties. Onion oil is used in traditional medicine and herbal remedies to address various health issues, such as respiratory ailments, skin conditions, and digestive problems. The pharmaceutical industry is increasingly exploring the development of medicinal products and supplements that incorporate onion oil as a key ingredient, contributing to the growth of this market segment.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Onion Oil Market”
The cosmetics and personal care industry has also witnessed a surge in the use of onion oil. It is particularly prized for its hair-strengthening and hair growth-promoting properties. Onion oil is incorporated into shampoos, conditioners, and serums to address concerns like hair loss and damaged hair. Additionally, its anti-aging and skin-soothing properties have led to its inclusion in skincare products, such as creams, lotions, and facial serums. As consumers prioritize natural and effective solutions in their beauty routines, onion oil has gained traction as a preferred ingredient.
Regionally, the Asia-Pacific region dominates the global onion oil market, primarily due to the substantial cultivation of onions in countries like India and China. The rich culinary traditions of these countries and the widespread use of onions in their cuisines have contributed to the strong demand for onion oil. However, North America and Europe are also significant markets, driven by the increasing awareness of the health benefits of onion oil and the desire for natural and organic ingredients in food and personal care products.
Looking ahead, the global onion oil market is expected to continue its upward trajectory. The demand for natural and organic products is a significant driver, as consumers become more conscious of the potential health hazards associated with synthetic chemicals and additives. Onion oil's reputation as a natural and holistic ingredient aligns with this trend, further fueling its adoption in various industries.
Additionally, the growing interest in herbal remedies, aromatherapy, and traditional medicine is propelling the use of onion oil as a therapeutic agent. Its role in these alternative wellness practices is expected to expand as consumers seek holistic solutions for their health and well-being.
The Global Onion Oil Market is segmented into nature, sales channel, regional distribution, and company.
Based on nature the market is segmented into conventional, organic. The Global Onion Oil Market is witnessing a surging demand for organic onion oil as consumers increasingly seek natural and chemical-free alternatives. Organic onion oil, sourced from onions grown without synthetic pesticides or chemicals, is gaining popularity due to its perceived purity and health-conscious appeal. This growing preference for organic variants extends across various industries, including cosmetics, personal care, and culinary applications, aligning with a broader trend of cleaner and more sustainable product choices in the global market.
Based on sales channel the market is segmented into supermarkets/hypermarkets, convenience stores, online and others.
Based on region the market is segmented into five regions, North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Major companies operating in Global Onion Oil Market
are:
- Authentic Oil Co
- AU Natural Organics
- Luxura Business Private Limited
- Hindustan Hills
- Honasa Consumer Pvt. Ltd.
(Mamaearth)
- Alphanso Products Private Limited
(Beardhood)
- Meena Perfumery
- Soulflower India Private Limited
- TNW International Pvt. Ltd.
- Essentially Australia
Download Free Sample Report
Customers can also request for 10% free customization on this report.
“Rising demand of natural and organic products is a significant trend that is expected to have an impact on growth over the forecasted period. Innovation in culinary applications, increasing innovations in formulations and ingredients and expansion of the cosmetics industry will positively impact the Global Onion Oil Market. Due to the wide range of products available to meet specific needs of, as well as the growing popularity of the online sales channel, the market is growing at impressive rate through projected period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Onion Oil Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Nature (Conventional, Organic), By Sales Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of Global Onion Oil Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Onion Oil Market.
Contact Us-
TechSci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com