Onion powder is prepared commercially using raw onions by dehydrating, freeze-drying, vacuum-shelf drying and flow drying. It comprises of many vital nutrients like carbohydrate, fiber, protein, cholesterol, vitamin B-6 and C, manganese, calcium, iron, folate, potassium, phosphorus and magnesium. In addition to this, onion powder is less pungent in taste but its concentrated disposition makes it last for a prolonged time span. Onion powder is widely used in India for several culinary purposes owing to its advantages such as long-shelf life, easy transportation, wide availability and insignificant calorie count. According to the latest report by IMARC Group, titled “Indian Onion Powder Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the Indian onion powder market reached a volume of 12,324Tons in 2018.
On account of rapid urbanisation, hectic schedules and rising working population, the demand for onion powder is witnessing a tremendous growth, particularly in India. In order to save time, consumers are not willing to indulge in difficult cooking procedures such as chopping onions. Apart from this, food processing represents one of the largest sectors in India which is bolstering the demand for onion powder. Moreover, onion powder is used in ready-to-eat food products, like packaged soups, sauces, oats, noodles, pasta, frozen food and instant mixes. Further, onion powder is used in seasonings, dry rubs, marinades and condiments for preparing appetisers, seafood and meat. Looking forward, the market volume is anticipated to 17,089 Tons by 2024, registering a CAGR of 5.6% during 2019-2024.
This report provides a deep insight into the Indian onion powder industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an onion powder manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian onion powder industry in any manner.
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