The global dry onion market has reached a valuation of US$ 4.26 billion in 2023 and is estimated to jump to US$ 7.01 billion by 2033-end. Worldwide shipments of dry onions are predicted to rise at 5.1% CAGR over the next ten years, which is higher than the historical CAGR of 4.1% (2018 to 2022).
The processed food sector is driving demand for dry onion powder due to its extended shelf life because it is more stable and keeps the flavour of onions. Future trends that could boost sales of dried red onions, dehydrated onion flakes, dry fried onions, etc. include increasing convenience food consumption, hectic lifestyle adoption, an increase in the number of working women, rapid urbanisation, and a growing emphasis on sustainable agricultural practises. The use of dry onions may increase during the next 10 years as a result of price fluctuations and volatility in the fresh onion market. It may also be advantageous that plant-based diets like the ketogenic diet are becoming more and more popular.
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How are Start-ups Making a Name for Themselves in This Industry?
“Innovative Approach – Key to Getting Somewhere in the Marketplace”
New companies providing dehydrated onions are focusing on taking a creative and innovative approach to make a mark in the global landscape. Improving the shelf-life of dried onion products is a popular trend that aspiring dry onion manufacturers can focus on and improve their presence in the global market.
- Zilli’s, a start-up based in India and incubated under the Atal Incubation Center ALEAP We-hub, announced the launch of its new dried and powdered product range with a shelf life of 12 to 18 months in January 2021.
- S4S Technologies, a decentralized agri-processing company is helping Indian farmers to reduce farm wastage by providing solar dryers to help them manage the shelf life of their produce and thereby reduce any losses that occur due to wastage or improper preservation of food products. The start-up also purchases the output from farmers to further sell it to food processing companies.
- Indian agritech start-up called Godaam Innovations is deploying IoT technology to help farmers avoid onion waste and bring stability to the highly volatile onion market. The company installs IoT devices to detect rotting and control the micro-climate of warehouses while alerting farmers of the same to reduce wastage drastically.
Start-ups can benefit by learning more about aspects such as local supply, pricing trends, product standards, safety regulations, and new developments that have been discussed extensively in this dry onion industry study by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Competitive landscape:
Top-tier dry onion suppliers are also expected to adopt different strategies such as collaborations, mergers, acquisitions, and partnerships to expand their business scope and improve revenue generation capacity.
- In October 2021, Olam International, a leading agri-business company operating in 60 countries, announced that it had partnered with food safety tech provider Agri-Neo to provide organically pasteurized dried onions. This move was aimed at enhancing the food safety for both conventional and organic ingredients provided by Olam and combines Olam’s leadership in dried onions with Agri-Neo’s pasteurization technology titled Neo-PureTM.
Key Companies Profiled:
- Olam International
- Daksh Foods
- Murtuza Foods Pvt. Ltd.
- Cascade Specialties Inc.
- Shreeji Dehydrate
- Pardes Dehydration
- Kings Dehydrated Foods Pvt. Ltd.
- Vibrant Dehydro Foods Pvt. Ltd.
- Natural Dehydrated Vegetables
- Foodchem International Corporation
Key Segments of Dry Onion Industry Research:
- By Form :
- Dry Onion Flakes
- Dry Onion Powder
- Dry Onion Granules
- Minced Dry Onion
- Other Dry Onion Forms
- By Drying Process :
- Air Onion Drying
- Freeze Onion Drying
- Vacuum Onion Drying
- Other Onion Drying Processes
- By Application :
- Culinary Applications
- Soups
- Sauces
- Salad Dressings
- Snacks & Convenience Food
- Bakery Products
- Fast Food Restaurant Chains
- Meat & Poultry Products
- Other Applications
- By Region :
- North America
- Latin America
- Europe
- APAC
- MEA
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Questionnaire answered in the Market outlook Report of Dry Onion include:
- What is the key strategy deployed by large players to maximize Dry Onion Market growth?
- What are the main challenges faced by players in the Dry Onion market Demand?
- With the advent of technological advancement, how will the Dry Onion market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Dry Onion market size?
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