“Global Onion Oil Market to reach a market value of USD 112.6 Million by 2031 growing at a CAGR of 10.7%”
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).
North American consumers increasingly prioritize natural and organic personal care products. This oil, known for its natural ingredients and beneficial properties, such as promoting hair growth and improving scalp health, aligns well with this preference. Consequently, the North American region would acquire nearly 30% of the total market share by 2031. Also, Canadian women would utilize 218.3 thousand units of this oil by 2031.
Consumers are increasingly aware of the potential harmful effects of synthetic chemicals and additives in conventional personal care products. In addition, the preference for organic products extends beyond personal health benefits to environmental concerns. In addition, the preference for organic products extends beyond personal health benefits to environmental concerns.
Additionally, the personal care industry has seen a significant shift towards natural and organic ingredients as consumers become more health-conscious and environmentally aware. This oil has gained prominence in the haircare sector due to its reputed benefits for hair health. It is believed to promote hair growth, reduce hair loss, and improve scalp health. Hence, the personal care industry’s growth drives the market’s growth.
However, the oil’s strong, pungent odor can be off-putting to many consumers, especially in products where fragrance is a critical factor, such as cosmetics, personal care products, and aromatherapy blends. Consumers may not readily associate this oil with skincare or hair care benefits, limiting its acceptance and market growth. In conclusion, pungent odor and sensitivity concerns hinder the market’s growth.
Based on nature, the market is divided into conventional and organic. The organic segment attained 24% revenue share in the market in 2023. Also, the segment recorded a volume of 518.2 thousand units of volume in 2023. Organic farming methods emphasize soil health, biodiversity, and sustainable agricultural practices, which contribute to the superior nutrient content of organic oil.
By distribution channel, the market is divided into specialty store, supermarket & hypermarket, online, and others. The specialty store segment procured 28% revenue share in the market in 2023. Also, the segment recorded a volume of 857.4 thousand units in 2023. Specialty stores focus exclusively on categories like natural and organic personal care products, including this oil. They often employ knowledgeable staff who understand the benefits, uses, and applications of this oil, providing valuable guidance and recommendations to consumers.
On the basis of end-user, the market is segmented into men and women. In 2023, the men segment attained 31% revenue share in the market. Men often experience hair loss or thinning due to genetic factors, stress, or aging. The oil’s ability to stimulate hair follicles, improve blood circulation to the scalp, and strengthen hair strands makes it a preferred choice for combating hair loss and promoting thicker, healthier hair.
Free Valuable Insights: Global Onion Oil Market size to reach USD 112.6 Million by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 38.2% revenue share in the market in 2023. This oil has a long history of use in traditional Asian medicine and beauty practices. Its reputation for promoting hair growth, improving scalp health, and addressing hair-related concerns resonates deeply within local cultures across India, China, and Southeast Asia.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 50 Million |
| Market size forecast in 2031 | USD 112.6 Million |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 10.7% from 2024 to 2031 |
| Quantitative Data | Volume in Thousand Units (100 Ml), Revenue in USD Million, and CAGR from 2024 to 2031 |
| Number of Pages | 289 |
| Number of Tables | 670 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Nature, Distribution Channel, End User, Region |
| Country scope |
|
| Companies Included | AU Natural Organics, Meena Perfumery, TNW International Pvt. Ltd., Mamaearth (Honasa Consumer Pvt. Ltd.), Authentic Oil Co, Alphanso Products Private Limited, P T Invent India Pvt. Ltd. (Soulflower), BioSource Naturals, Seyal Naturals and Green Source Organics |
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 Geography (Volume, Thousand Units (100 ml), USD Million, 2020-2031)
This Market size is expected to reach $112.6 million by 2031.
Rising preference for natural and organic products are driving the Market in coming years, however, Pungent odor and sensitivity concerns restraints the growth of the Market.
AU Natural Organics, Meena Perfumery, TNW International Pvt. Ltd., Mamaearth (Honasa Consumer Pvt. Ltd.), Authentic Oil Co, Alphanso Products Private Limited, P T Invent India Pvt. Ltd. (Soulflower), BioSource Naturals, Seyal Naturals and Green Source Organics
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 Supermarket & Hypermarket segment led the Market by Distribution Channel in 2023; thereby, achieving a market value of $47.3 Million by 2031.
The Asia Pacific region dominated the 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.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 