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.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐒𝐚𝐦𝐩𝐥𝐞 𝐰𝐢𝐭𝐡 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.alliedmarketresearch.com/request-sample/15856
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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.
The onion salt industry is segmented on the basis of form, end user, sales channel and region. By form, the onion salt market is bifurcated into organic and conventional. By end user, the market is divided into residential, food service and food processing. By sales channel, the market is categorized into business-to-business and business-to-consumer. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
𝐏𝐥𝐚𝐜𝐞 𝐀 𝐃𝐢𝐫𝐞𝐜𝐭 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐎𝐫𝐝𝐞𝐫 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐀𝐭: https://www.alliedmarketresearch.com/checkout-final/fa8f67eb335fa45e5f79198332fb680a
Furthermore, the food & beverage industry has been evolving continuously according to consumer requirements. In addition, the demand for convenience and packaged food has increased multifold, owing to consumer preference toward ready-to-eat and cost-effective food. Furthermore, the expansion of the food processing industry is expected to boost the demand for fast food, which, in turn, is likely to positively impact the demand for packaged food all around the world. Thus, all these factors collectively drive the growth of the global onion salt market in the process.
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.
𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/15856
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.
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