GVR Report cover Fried Onion Market Size, Share & Trends Report

Fried Onion Market Size, Share & Trends Analysis Report By Form (Powder, Flakes, Strings, Others), By Application (Soups/Stews, Salads & Sandwiches, Instant Noodles/Ramen, Meal Toppings), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68040-051-1
  • Number of Report Pages: 120
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Consumer Goods

Report Overview

The global fried onion market size was valued at USD 4,208.4 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. The growth of the market is being driven by the increasing interest among consumers towards ready-to-eat meals coupled with rising awareness towards plant-based foods. Furthermore, the rise in internet penetration and wide availability of snack products online is boosting the market growth. The COVID-19 pandemic negatively impacted the demand for fried onion owing to reduced demand. The pandemic has also caused labor shortages in many industries, including food production thereby impacting the market growth.

U.S. Fried Onion market size and growth rate, 2023 - 2030

Consumers are increasingly interested in trying new and exotic flavors, which has led to a trend toward incorporating ethnic flavors into fried onion dishes. For example, some companies are adding Indian or Middle Eastern spices to their fried onions to create a unique and flavorful dish. These ethnic flavors offer consumers a new and exciting way to enjoy the classic flavor and texture of fried onions.

In addition, with the rise of on-the-go snacking, fried onions have emerged as a popular snack food. Companies are offering fried onion snacks in convenient, portable packaging, such as bags. These snack-sized portions of fried onions offer consumers a quick and easy way to enjoy the flavor and crunch of fried onions. For instance, a U.S.-based grocery chain, Trader Joe’s offers crispy fried onions that can be offered as meal toppings for casseroles and salads.

Furthermore, with the rise of plant-based diets, there is a growing demand for plant-based alternatives to traditional fried foods. Many companies are utilizing plant-based ingredients such as vegetable oils to make fried onions, creating a product that is both vegan and gluten-free. These plant-based options offer consumers a healthier and more sustainable alternative to traditional fried onions.

The growing trend for sustainable food products is also promoting the growth of the overall market. Manufacturers are utilizing compostable or recyclable packaging, and implementing more sustainable production practices such as reducing water usage and energy consumption. These sustainable practices offer consumers the flavor and texture of fried onions while minimizing their impact on the environment.

Form Insights

The strings segment dominated the form segment accounting for the highest revenue share of 44.03% in 2022. Rising demand for fast food and ready-to-eat meals is the primary factor driving the demand for the string segment. Fried onion strings are known for their crispy texture and strong onion flavor, which adds delicious crunch and depth of flavor to dishes. This unique combination of texture and flavor is acting as an opportunity for snack and instant food manufacturers to offer fried onion. In addition, fried onion strings are often sold pre-made in grocery and e-commerce stores, which makes them a convenient ingredient for busy consumers who want to add flavor and crunch to their meals.

The powder segment showcased a significant CAGR of 4.6% during the forecast period of 2023-2030. Fried onion powder is a popular ingredient in many cuisines globally. It adds a unique and savory flavor to dishes and is often used as a seasoning or garnish. Fried onion powder has a longer shelf life as compared to fresh onions, making it a convenient option for consumers looking for quick meals. In addition, the rise in the number of consumers opting for a plant-based diet is supporting the demand for the market

Application Insights

The meal toppings segment dominated the application segment with the largest share of 35.3% in 2022. Fried onions are widely available at grocery stores and can be easily added to meals for an extra boost of flavor and texture. They are often sold in small containers, making it easy to grab a handful and sprinkle them on top of a dish. The growing demand for food delivery applications and meal kits has boosted the demand for meal toppings and snacks thereby boosting the market growth. In addition, onions are a good source of fiber, vitamins, and antioxidants, and consuming them in fried form can add a nutritious element to a meal. Additionally, using fried onions as a topping can help to make a meal more satisfying.

Global Fried Onion market share and size, 2022

The soup/stew segment is anticipated to grow at a CAGR of 4.5% during the forecast period.  Fried onions can be used in a wide variety of soups. They can add flavor and texture to vegetarian and meat-based soups alike, making them versatile ingredients that can be used in a range of cuisines and cooking styles. Additionally, their use can help to elevate soups into complex and flavorful dishes, making them a popular choice for home cooks and professional chefs. In addition, these are a common ingredient in many cuisines around the world, and as interest in global cuisine and fusion cooking continues to grow their use in soups may be part of a broader trend toward incorporating diverse flavors and ingredients into traditional dishes.

Regional Insights

Asia Pacific led the market and accounted for 36.1% share of the global revenue in 2022. The demand in the Asia Pacific has been steadily increasing in recent years. Fried onions, also known as crispy onions or shallots, are a popular ingredient in many Asian cuisines, including Indonesian, Malaysian, Thai, Indian, and Chinese. The growing usage in soups, biryani, and curries in the region is driving the demand for the market.

Fried Onion Market Trends, by Region, 2023 - 2030

The North America is estimated to grow with a CAGR of 4.3% from 2023-2030. Factors such as rising fast-food consumption coupled with increasing demand for ready-to-eat meals in the region is expected to drive the demand. In addition, their use in dishes is a culinary trend that has been gaining popularity in recent years. This has led to an increase in demand as both a restaurant and home cooking ingredient.

Key Companies & Market Share Insights

The global market is anticipated to witness competition among the companies due to the presence of many players across the industry. Several companies are increasing their product portfolio to gain a competitive edge in the market.Manufacturers are engaged in research & development activities related to products that are used in the manufacturing of fried onion. Some prominent players in the global fried onion market include:

  • Olam International

  • McCormick & Company

  • Roland Foods

  • Lion Foods B.V.

  • Fresh Gourmet Company

  • Pereg Gourmet Spices

  • Verstegen Spices & Sauces UK Ltd

  • The Onion Group

Fried Onion Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 4370.1 million

Revenue forecast in 2030

USD 6.1 billion

Growth rate

CAGR of 4.7% from 2023 to 2030

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Form, application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; Indonesia; Taiwan; India, Japan, , Brazil; South Africa

Key companies profiled

Olam International, McCormick & Company, Roland Foods, Lion Foods B.V., Fresh Gourmet Company, Pereg Gourmet Spices, Verstegen Spices & Sauces UK Ltd, The Onion Group

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Global Fried Onion Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global fried onion market report based on form, application, and region:

Global Fried Onion Market Report Segmentation

  • Form Outlook (Revenue, USD Million, 2017 - 2030)

    • Powder

    • Flakes

    • Strings

    • Others

  • Application Outlook (Revenue, USD Million, 2017 - 2030)

    • Soups/Stews

    • Salads & Sandwiches

    • Instant Noodles / Ramen

    • Meal Toppings

    • Flavoring Powder/ Stocks

    • Snack Products

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • France

      • Spain

      • Italy

    • Asia Pacific

      • China

      • Indonesia

      • Taiwan

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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