Published Date: 24-Jan-2022
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According to a new report Global Onion Oil Market, published by KBV research, The Global Onion Oil Market size is expected to reach $100.5 million by 2027, rising at a market growth of 8.7% CAGR during the forecast period.
The Men market is expected to witness highest CAGR of 9.4% during (2021 - 2027). Early hair greying is a major issue faced by almost all the men nowadays, which is also motivating them to use onion oil. Due to this increased adoption of onion oil among men, the demand and growth of onion oil market would witness a huge spike in the coming years.
The Online market is expected to witness highest CAGR of 10.3% during (2021 - 2027). Online stores enable customers to search for particular models, brands, or items by providing a “search” feature in them. Online shoppers require internet and valid mode for payment like a credit card, debit card or services like PayPal, Google Pay. E-retailer ships the orders to the shoppers for physical products and digital products such as audio files, software, over the internet. Onion oil can be easily purchased from such online stores without stepping out anywhere.
The Organic market is expected to witness a CAGR of 10.3% during (2021 - 2027). It is because they are produced without use of any kind of synthetic fertilizers or pesticides. These onions are tested and proven to have more nutrients than regular onions that are available in the market. By using these onions, companies can make organic onion oils to attract more customers.
The Asia Pacific market dominated the Global Onion Oil Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $37.3 Million by 2027, growing at a CAGR of 9.6% during the forecast period. The Europe market is expected to witness a CAGR of 8.3% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 7.5% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/onion-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of AU Natural Organics, Meena Perfumery, TNW International Pvt. Ltd., Hindustan Hills, Mamaearth (Honasa Consumer Pvt. Ltd.), and Soulflower Co. Ltd.
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