According to a new report published by Allied Market Research, titled, “Global onion oils market by product type, end user, distribution channel, and region: global opportunity analysis and industry forecast, 2021–2030,” The global onion oil market was valued at $40.2 million in 2020, and is projected to reach $112.6 million by 2030, registering a CAGR of 10.9% from 2021 to 2030.Onion oil device is a type of hair care product that helps to rejuvenate skin , treat hair loss, reduces scalp issues , and others by boosting the production of collagen. In addition to this, surge in youth population, improved lifestyle, and rise in disposable income of individuals in developing countries are anticipated to offer immense opportunities for market players during the forecast period.
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Major Key Companies Included:
To understand the key onion oils market trends of the market, strategies of leading players are analyzed in the report. Some of the key players in the onion oils market analysis Authentic Oil Co. , Au Natural Organics, Alphanso Products Private Limited, Essentially Australia, Hindustan Hills, Luxura Business Private Limited, Honasa Consumer Pvt. Ltd.(Mama Earth), Meena Perfumery, Soulflower India Private Limited, and TNW International Pvt. Ltd..
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Key findings of the study
- By nature, the conventional segment accounted for the highest market share in 2020, growing at a significant CAGR from 2020 to 2030.
- By end user, the female segment accounted for the highest onion oils market share in 2020, growing at a CAGR of 10.7% from 2020 to 2030.
- By distribution channel, the supermarket/hypermarket segment accounted for the highest market share in 2020, growing at a CAGR of 10.3% from 2020 to 2030.
- By Region, North America occupied the maximum share in the market in 2020 and is expected to be the dominating segment during the onion oils market forecast period.
Segmentation:
The global onion oil market segments are categorized into nature, end user, distribution channel, and region. By nature, it is classified into conventional and organic. By End user, it is divided into men and women. On the basis of distribution channel, it is segregated into specialty store, supermarket/hypermarket, online store, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, Argentina, and Rest of LAMEA).
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