Fresh onions and shallots both are the members of the allium family, although both of them differ in taste, size, and shape. Shallots are picked even before the bulb has started to form. Meanwhile, Onions are fully grown, big bulbs with multiple layers. The flavor of onions is bit sharp, tangy and spicy, while the taste of shallots is little sweet and mild onion flavor, with the hint of garlic. Compared to onions, shallots taste better when eaten raw such as with salads, dressings, etc. despite the difference in flavor, shallots and onions can be swapped with one another.
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Shallots and onions are the most common ingredients used in various dishes to boost the taste. Onions and shallots are also consumed on a large scale as they are considered to be healthy, keeping various diseases at bay. Onions are high in vitamins and citrin, and also consist various properties such as anti-microbial, anti-inflammatory, and anti-allergic and also helps in fighting cancer. Meanwhile, shallots consist more of these properties than onions. Manufacturers of processed foods like sauces, snacks, etc., are also one of the largest users of onions and shallots.
According to the report by Fact.MR, the global market for fresh onions and shallots is likely to experience strong growth. The market is projected to reach US$ 51,524.3 million revenue by 2022 end. Owing to the increasing use of fresh onions and shallots while cooking to enhance the taste, the demand for onions and shallots is rising. Meanwhile, restaurants, fast food joints also use onions and shallots as the main ingredient. Moreover, shallots and onions are also consumed both in cooked and raw form.
Red Onions to Emerge as the Top-Selling Product
Among various types of onions available in the market, red onions are likely to witness healthy growth during the forecast period 2017-2022. Red onions are estimated to create more than US$ 4,000 million incremental opportunity towards the end of 2017.
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Whole Fresh Onions and Shallots to be the Most Accepted Form
Compared to fresh shallots and onions available in chopped, sliced, rings, minced forms, whole fresh shallots and onions are likely to be the most accepted form. Whole fresh onions and shallots are estimated to exceed US$ 30,200 million revenue by the end of 2022. Meanwhile, fresh onions and shallots in form of slices are also likely to witness impressive growth throughout the forecast period.
Culinary to Gain Maximum Revenue Share
Fresh onions and shallots will be largely used in culinary. Accounting for more than two-fifth of the revenue share by the end of 2017, culinary is projected to create an incremental opportunity surpassing US$ 4,800 million during the forecast period from 2017 to 2022. Although, soups, sauces, and dressings are also expected to experience strong growth from 2017 to 2022.
The report also profiles companies that are expected to remain active in the expansion of global fresh onions and shallots market through 2022, which include Gills Onions, LLC, Avantha Holdings Limited, Murakami Produce Company LLC, JC Watson Company, River Point Farms Llc, Vladam FG, T&G Global Ltd, and Snake River Produce Co. Llc.
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