According to a new report, published by KBV research, The Global Onion Oil Market size is expected to reach $112.6 million by 2031, rising at a market growth of 10.7% CAGR during the forecast period. In the year 2023, the market attained a volume of 3,357.1 Thousand Units (100 ml) experiencing a growth of 28.0% (2020-2023).
The Conventional segment is registering a CAGR of 10.4 % during the forecast period. Conventional onion oil is often more affordable. The conventional farming methods to cultivate onions typically involve lower production costs, resulting in a more competitively priced end product.
The Supermarket & Hypermarket segment led the Global Onion Oil Market by Distribution Channel in 2023; thereby, achieving a market value of $47.3 Million by 2031. Supermarkets and hypermarkets offer a diverse range of products under one roof, including personal care and wellness items like onion oil. This wide assortment allows consumers to compare different brands, formulations, and price points, giving them choices that suit their preferences and budgets.
The Women segment is growing at a CAGR of 10.3 % during the forecast period. Women often prioritize natural and organic products for their skincare and haircare routines to avoid exposure to synthetic chemicals and potential irritants. Organic onion oil, in particular, aligns with these preferences as it is cultivated without synthetic pesticides or fertilizers.
Full Report: https://www.kbvresearch.com/onion-oil-market/
The Asia Pacific region dominated the Global Onion Oil Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $44.5 Million by 2031. The North America region is anticipated to grow at a CAGR of 10% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 10.3% during (2024 - 2031).
By Nature (Volume, Thousand Units (100 ml), USD Million, 2020-2031)
By Distribution Channel (Volume, Thousand Units (100 ml), USD Million, 2020-2031)
By End User (Volume, Thousand Units (100 ml), USD Million, 2020-2031)
Unique Offerings 
