The Latin America, Middle East and Africa Onion Oil Market would witness market growth of 9.4% CAGR during the forecast period (2021-2027).
Onion can prove to be beneficial for heart disorders and diabetes. Many other nutrients in it act as an anti-oxidant for hair. Onion oil also reduces the chances of premature greying of hair by maintaining the constant pH as per the hair requirements needed. Additionally, it helps in improving blood circulation and thickening the hair.
Continuously oiling the scalp helps in preventing hair from dandruff and bacterial infections. Onions are known for curative value from years ago. WHO has confirmed that onions are beneficial for people having atherosclerosis and low appetite. Also, onion may provide with good respite for people suffering allergic bronchitis, common cold, chronic asthma.
President of Nigeria Muhammadu Buhari, launched a program urging the marketers and producers to use the opportunities to increase production and trade. Aliyu Maitasamu, president of OPMAN, mentioned that onion is an essential vegetable admired by many people because of its medical benefits and distinctive flavor. Adding on to this, it is also mentioned that the union would join hands with exporters to export onion from this region and get benefits of the initiative framed by the Federal Government to diversify the economy of the nation.
The Brazil market dominated the LAMEA Onion Oil Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3 Million by 2027. The Argentina market would experience a CAGR of 10.3% during (2021 - 2027). Additionally, The UAE market is anticipated to grow a CAGR of 8.8% during (2021 - 2027).
Based on End User, the market is segmented into Men and Women. Based on Distribution Channel, the market is segmented into Supermarket/ Hypermarket, Specialty Store, Online and Other Distribution Channels. Based on Nature, the market is segmented into Conventional and Organic. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Onion Oil Market is Predict to reach $100.5 million by 2027, at a CAGR of 8.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AU Natural Organics, Meena Perfumery, TNW International Pvt. Ltd., Hindustan Hills, Mamaearth (Honasa Consumer Pvt. Ltd.), and Soulflower Co. Ltd.
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