Analysis of Fresh Onions and Shallots Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The global fresh onions and shallots market is valued at US$ 42.1 billion in 2023 and is forecasted to exhibit expansion at 5.4% CAGR over the next ten years. As such, global demand for fresh onions and shallots is projected to accumulate an approximate revenue of US$ 71.5 billion by 2033-end.
Demand for fresh fruits and vegetables has been witnessing a steep upward trend in recent years owing to increasing focus on health among individuals around the world. Onion is a staple food in almost all popular cuisines around the world and this makes it a highly popular commodity in the global marketplace.
Growing world population, increasing globalization, the rising popularity of different cuisines, changing consumer preferences, rising investments in research to explore different applications of onions, and high per capita disposable income are some factors that could potentially promulgate fresh onion and shallot sales throughout the forecast period. The increasing use of onions in the pharmaceutical and healthcare industry owing to their health benefits is projected to create lucrative business scope for new as well as established fresh onion and shallot companies going forward.
On the flip side, changing world trade situations and fluctuations in supply and demand are anticipated to obstruct market development in the future to a certain extent. This recently revised fresh onions and shallots market study by Fact.MR, a market research and competitive intelligence provider offers a detailed assessment of trends, opportunities, challenges, and restraints that affect market growth at present and over the forecast period as well.
Fresh Onions and Shallots Market Size (2023)
US$ 42.1 Billion
Projected Market Value (2033F)
US$ 71.5 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of Red Onions (2022)
Asia Pacific Market Share (2022)
Key Companies Profiled
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“Growing Application Scope of Onions in Medical Industry”
Onions have been known to provide several health benefits for consumers since they are rich in antioxidants and other compounds that help reduce cholesterol levels, reduce inflammation, etc. Several research studies conducted in the past few years have indicated that the consumption of onions by an individual substantially reduces their risk of contracting cancer and other health complications. Increasing investments in research to explore additional health benefits of onions and shallots are projected to bolster demand for fresh onions and shallots across the forecast period.
Increasing use of fresh onions and shallots in pharmaceutical manufacturing owing to their antibacterial and antioxidant properties is projected to open up new windows of opportunity for established as well as incoming fresh onion and shallot suppliers around the world.
“Start-ups Raising Finance to Fund Innovative Solutions & Services”
Incoming fresh onion and shallot providers are focusing on optimizing supply chain management to solve the local supply and global demand issues that are currently prevalent in the fresh produce trade industry. New entrants are raising new capital to back their research and expand their business scope on a global scale.
This recently updated Fact.MR fresh onions and shallots market research analysis provides a complete overview of how new developments by start-ups are changing product standards and pricing trends on a global and local level.
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“High Imports of Onions Creating Attractive Business Opportunities”
Production of onions in Japan is largely concentrated in Saga, Hokkaido, and Hyogo Prefectures and changes to the aforementioned regions even in the slightest manner affect supply in the country drastically. Japan also relies heavily on imports of onions and shallots to meet its growing demand and most of these imports are from countries such as Vietnam, India, and the United States.
Increasing demand for fresh onions in the commercial sector, increasing urbanization, changing consumer preferences, growing popularity of different cuisines, and growing demand for fresh vegetables are other factors that could affect shipments of fresh onions and shallots in Japan from 2023 to 2033.
“Spain, France, Germany, & United Kingdom to Offer Remunerative Growth Scope”
Europe imports most of its onions from other countries and this offers bankable opportunities for fresh onions and shallots suppliers in this region. Spain is a popular onion producer in the European region and is the second largest exporter of onions in Europe after the Netherlands, which holds the top spot.
However, 2022 has been a rough year for Spanish onions as the country experienced a nearly 40% drop in supply, which has resulted in high prices of onions in several European countries. The war situation between Russia and Ukraine has also had a significant impact on the import and export activity of onions and other commodities in the European region.
Despite all of the aforementioned factors, demand for fresh onions and shallots is estimated to remain strong in European countries owing to the growing popularity of veganism and plant-based foods. Germany, France, and the United Kingdom are expected to turn to new importers of onions around the world to fulfil the demand-supply gaps created by low domestic production and the Russia-Ukraine conflict.
“Production of Hybrid Onion Variants and Growing Demand for Fresh Vegetables”
Focus on health and fitness has increased significantly in the United States in recent years and this has boosted the demand for fresh vegetables and organic products in the country, which is slated to uplift consumption of fresh onions and shallots in the future. Changing dietary preferences, growing popularity of different cuisines, and increasing globalization are other factors that are anticipated to alter shipments of fresh onions and shallots in the country through 2033.
Increasing investments in agricultural research and the adoption of hybrid farming techniques to produce high-quality vegetables and fruits are also expected to bolster market growth in the United States over the next ten years. Sunions, a tearless onion variety dubbed as America’s first tearless onion has been available in the United States since 2018 and is now gaining popularity around the world and creating lucrative business scope.
“Red Onion Sales Accounting for Authoritative Market Share”
Based on product type, the fresh onions and shallots market is segmented into red onions, yellow onions, white onions, spring onions, sweet onions, shallots, and other product types.
In 2022, the consumption of red onions accounted for around 40% of the global market share and is projected to maintain a similar share throughout the forecast period. Red onions are witnessing high demand owing to their rising use in the food industry and expanding application scope in the healthcare and pharmaceutical industries. Increasing awareness regarding the several health benefits associated with red onion consumption and its use in the medical industry is projected to promulgate sales of red onions through 2033.
Meanwhile, yellow onions are extensively used in cooking as they add a unique flavor to stews, soups, and other food preparations. The delicate and sweet flavor of yellow onions makes them a preferred choice in multiple cuisines around the world and subsequently drives their demand.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Top fresh onion and shallot suppliers are focusing on collaborations and partnerships to expand their business scope and gain a competitive advantage over other market players.
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Worldwide sales of fresh onions and shallots amount to a revenue of US$ 42.1 billion in 2023.
Demand for fresh onions and shallots is set to amass a market value of US$ 71.5 billion by 2033-end.
Fresh onion and shallot demand is extrapolated to rise at 5.4% CAGR from 2023 to 2033.
Red onions are projected to spearhead global demand for fresh onions and shallots over the next ten years.
Murakami Produce Company LLC, Gills Onions, River Point Farms, and Oldershaw Group are key companies in the market.
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