The North America Onion Oil Market would witness market growth of 10.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 475.6 thousand units, showcasing a growth of 27.3% (2020-2023).
In the market, the conventional nature primarily revolves around traditional practices and established methods of production and consumption. Conventional oil is typically produced through standard extraction techniques, such as steam distillation or cold pressing, which have been used for decades. These methods emphasize reliability and consistency, ensuring that the oil retains the characteristic pungency and beneficial properties of onions. Thus, the US market consumed 612.7 thousand units of this oil in 2023.
The US market dominated the North America Onion Oil Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $23,241.1 Thousands by 2031. The Canada market is experiencing a CAGR of 12.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 11.4% during (2024 - 2031).
This oil is an essential oil derived from the onion bulb, scientifically known as allium cepa. It is extracted through various methods, including cold-pressing or steam distillation, to capture the volatile compounds and beneficial nutrients in onions. This oil, derived from Allium cepa, offers versatile applications across various industries due to its rich nutrient profile and potent bioactive compounds.
This oil is widely recognized for stimulating hair follicles and promoting hair regrowth. It contains sulfur compounds that nourish the scalp, improve blood circulation, and strengthen hair roots. Regular application of this oil helps reduce hair fall by nourishing the hair follicles and preventing breakage. Its antibacterial properties help combat scalp infections, dandruff, and other scalp conditions, leading to healthier hair.
E-commerce allows this oil suppliers to reach consumers in rural areas of Mexico where access to specialty products like this oil may be limited. This expanded reach democratizes access to niche products beyond urban centers. According to the International Trade Administration (ITA), the domestic e-commerce industry in Mexico was valued at USD 26.2 billion in 2022, marking a 23 percent increase from 2021. Mexico ranks among the top five countries globally regarding e-commerce retail growth rate. Mexico’s e-commerce sector value will reach USD 70.4 billion by 2027. Mexican e-commerce platforms facilitate cross-border sales, allowing international oil brands to enter the Mexican market easily. This increases product variety and introduces consumers to different formulations and brands of this oil. E-commerce platforms serve as educational hubs where consumers can learn about the benefits of this oil for skincare, hair care, and health. Detailed product descriptions, reviews, and tutorials enhance consumer knowledge and confidence in purchasing oil products. In conclusion, the rising e-commerce sector in the region drive the market’s growth.
Free Valuable Insights: The Onion Oil Market is Predict to reach USD 112.6 Million by 2031, at a CAGR of 10.7%
Based on Nature, the market is segmented into Conventional, and Organic. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Specialty Store, Online, and Others. Based on End User, the market is segmented into Women, and Men. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
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)
By Country (Volume, Thousand Units (100 ml), USD Million, 2020-2031)
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