Fresh Onions and Shallots Market Likely to Impose Positive Growth Trend during 2017-2022
The global market for fresh onions and shallots is projected to expand at a robust CAGR of 6.3 percent in the coming years.
[UKPRwire, Fri Apr 26 2019] Fact.MR, in its report on global fresh onions and shallots market, offers actionable insights for an assessment period of five years, from 2017-2022. The report includes key market dynamics anticipated to drive the market in the coming years. New product development (NPD) with a focus on sweet-tasting onions and facility expansion to cater to the growing demand for fresh onions and shallots will remain a key strategy among market leaders, through 2022. The global fresh onions and shallot market is anticipated to record a robust growth throughout the CAGR.
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Codex Alimentarius’s New Work Proposal Would Ensure Quality Consumption of Fresh Onions and Shallots
Owing to the growing production and trade of fresh onions and shallot, globally, Codex Alimentarius is developing a set of global standards to assure consumers of safe and quality products. The food standards would be applicable to different varieties of onions and shallots, promoting fair trade practices in agreement with different international agreements. The proposal is anticipated to include all producing, exporting, or consuming countries and cover main aspects such as weighting, sizing, and proper labeling of onions and shallots. As per COMTRADE United Nations, throughout 2017, the export and trade value of onions and shallots was marked at US$ 11,287,534 and US$ 44,292, respectively.
Fresh Onions and Shallot Producers Exploring Smart Production Option, Newer Product Hybrids
Owing to the growing global demand for good quality onions and shallot, farm owner and producers are exploring top quality seeds options to produce hybrid shallot variants—in the form of Maserati F1 and Tropix. Specifically made for the South East Asian market, these varieties are anticipated to fuel the production of healthy shallots from high quality seed. Sunions- marketed as America’s first ever tearless, sweet-tasting onion is growth primarily in Washington and Nevada. Developed after years of onion crossbreading, makers of Sunions have started using gas chemotherapy to identify least volatile onions and breed them for further mildness. Innovations like these are projected to drive the production and consumption of fresh onions and shallots, globally.
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Onion by-products used for developing natural food ingredients, Medicinal products Will Expand Innovation Options
To derive value-added food formulations from less expensive ingredients having functional properties, food experts are using onion by-products considering its anti-browning and antioxidant properties. Other than food innovations, the healthcare industry too has been following value-addition trend to use onion by-products, pharmaceutically, owing to its anti-inflammatory, antioxidant and antibacterial properties.
Competitive Landscape Analysis – Global Fresh Onions and Shallots Market
Fact.MR’s report titled ‘Fresh Onions and Shallots Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2022’ provides a detailed competitive scenario analysis, assaying critical insights on the key market leaders, along with their company profiles, key product developments, key financials, and expansion strategies. Key market players identified in the report on global fresh onions and shallots market include Avantha Holdings Limited, T&G GLOBAL, Vladam, River Point Farms, Murakami Produce Company LLC, Snake River Produce, Gills Onions, and JC Watson Company. During the forecast, Fact.MR foresees key players focusing on offering variety, expanding the sweet onion category, and targeting the health-conscious consumers with health-based information displayed on packaging.
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