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Global Onion Salt Market to Grow at a Healthy Pace During 2020-2025, Aided by the Growing Demand for Convenient Cooking Alternatives

According to a new report by EMR titled, ‘Global Onion Salt Market Report and Forecast 2020-2025’, the global market for onion salt is being aided by the growth of the salt and flavoured salt market, which is expected to grow at a CAGR of 4% in the forecast period of 2020-2025.

While fresh onions are a seasonal product, onion salt is readily available throughout the year. Unlike onions, onion salt is very easy to store due to its concentrated and easy-to-use form. It is also far more convenient than regular vegetables that require chopping. Hence, the increase in demand for convenient cooking alternatives is leading consumers away from fresh produce and frozen vegetables, driving the growth of the global onion salt industry.

McCormick & Company, Inc. (NYSE: MCK) reported an 8% increase in sales during the quarter ending May 31st, 2020. This was driven by the increase in demand for everyday spices such as black pepper, garlic powder, onion salt, and others. This can be attributed to the increase in the number of home-cooked meals during the COVID-19, which is driving the ready-to-use spices market. B&G Foods (NYSE: BGS) reported a 38% increase in sales in the quarter ended June 27th, 2020, primarily driven by the increase in online grocery shopping and stockpiling during the pandemic. The growth of ready-to-use and easy-to-store vegetable products grew at a much faster rate than frozen vegetable products, and that the new consumer habits developed during the COVID-19 pandemic are expected to persist even afterwards. Hence, there is expected to be a surge in demand for onion salt products, a trend that is expected to persist during the forecast period (2020-2025).

Market Analysis by Form, Distribution Channel, End Use, and Region:

  • The market, on the basis of form, can be divided into organic and conventional.
  • The distribution channels for onion salt include supermarkets and hypermarkets, convenience stores, specialty stores, online, and others.
  • The end use segments for onion salt are food processing, food service, households, and others.
  • The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growth of the food processing industry is driving the demand for onion salt.
  • The rising demand for convenient cooking options and alternatives is further driving the growth of the global market for onion salt.
  • The increasing popularity of ready-to-eat products is expected to lead to an increase in the production capacity of the onion salt industry.
  • The growing health consciousness is resulting in an increased preference for organic and nutrient-rich foods, which is expected to drive the market during the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for onion salt for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) market information for the forms, end uses, distribution channels, and regional markets of onion salt.
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global onion salt market are McCormick & Company, Inc., Badia Spices Inc., B&G Foods, Inc., and Woodland Foods, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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