The Onion Salt Market Size was valued at $105.6 million in 2021, and is estimated to reach $188.3 million by 2031, growing at a CAGR of 5.8% from 2022 to 2031. Online retail platform is the major driver of the onion salt market. Presently, most of onion salt products manufacturing companies have their own web-based retail stores where users have access to information about product launches, product features, demo, price, and other required information about products. There is an increase in the number of consumers shopping online, owing to the availability of different product options and price comparison on online shopping sites. This is useful for retailers due to zero expenditure on physical outlets.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐓𝐡𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/15856
𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
The key players analyzed in the report are AUM Fresh, B&G Food, Inc., Badia Spices, Inc., G-Fresh, Hoyts Food Manufacturing Industries Pty Ltd, Leighty’s Farm Market, Inc., McCormick & Company, Inc., Monterey Bay Herb Company, Redmond Life, Starlight Herb & Spice Co., The Kroger Co., Trader Joe’s, Urban Platter and Woodland Food.
Moreover, convenience food refers to products, which require minimal processing and can be prepared easily without much effort. The preference for on-the-go food products, which are readily available in the market has increased, due to changes in eating habits and busy lifestyle. For instance, availability of various onion salt flavor in the market to make sandwiches, burger, pizza and other at home easily without much efforts significantly contributes toward the growth of the onion salt market.
𝐁𝐮𝐲 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/acb3990dd73010c9973aad0442f49fb2
The market in the Asia-Pacific region offers lucrative growth opportunities for the operating players owing to the presence of countries such as India, China, Australia, New Zealand, and others. The increase in adoption of the western lifestyle, the surge in population, and rise in disposable income of consumers majorly drive the growth of the onion salt market. Moreover, an increase in awareness regarding onion salt products and its associated benefits have further augmented the growth of the market. Developing region offers potential growth opportunities to the market players for launching innovative onion salt products. Moreover, countries in Latin America, such as Brazil, are anticipated to unfold attractive business opportunities owing to an increase in consumer taste and flavor toward fast food.
KEY FINDINGS OF THE STUDY
- Based on flavors, the onion salt market is categorized into lime, garlic, bacon and sea salt. Lime segment constitute a major Onion Salt Market Share; however, the bacon segment is projected to experience growth at the highest CAGR during the onion salt market forecast period. Lime flavored jalapeno is highly utilized into processed food majorly in the chips. Also, lime onion salt is also sprinkled over homemade tortilla chips in order to give food the refreshing lime flavor with a touch of spiciness Therefore, owing to the above-mentioned factors the Onion Salt Market Demand for lime flavored is driving the Onion Salt Market Growth.
- Based on end user, the market is divided into residential, food service and food processing. The foodservice segment lead in terms of market share and is expected to continue to grow with robust CAGR during the forecast period.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/15856
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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