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Onion Oil Market Booming At A CAGR of 10.9% to Estimated $112.6 Million Growth By 2030

11-28-2022 09:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Onion Oil Market

Onion Oil Market

According to a new report published by Allied Market Research, titled, "Global Onion Oil 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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The outbreak of coronavirus has negatively impacted the onion oils industry along with all stages of supply chain and value chain. Presently, the supply chain is far more complex as compared to what it was a decade ago. The COVID-19 pandemic has not only hampered production facilities but also disrupted supply chains such as material suppliers and distributors of the onion oils market globally, resulting in loss of business, in terms of value sales

Major Key Players:

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..

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.
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Reason to Buy:

✅ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Onion Oil Market .
✅ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
✅ The key findings and recommendations highlight crucial progressive industry trends in the Onion Oil Market , thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
✅ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
✅ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
✅ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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