Philippines Fresh Onions and Shallots Market | Analysis, Trends, Companies, Share, Industry, Growth, Size, COVID-19 IMPACT, Forecast, Value & Revenue

Philippines Fresh Onions and Shallots Market Synopsis

The Philippines fresh onions and shallots market is estimated to have a value of around US$ 218 million. The demand for fresh onions has been growing significantly, due to its wide range of uses such as flavoring dishes, adding texture or used as a garnish. The average retail price per kilogram of onion was recorded at $1.44 in the Philippines during 2019, which is lower than other countries in the region such as Vietnam ($2.42), Thailand ($3.05) and Indonesia ($3.01). Moreover, local suppliers produce most of the country?s onion requirement with imports making up only 20% of total domestic consumption due to high import duties imposed on imported onions by Philippine authorities.

Drivers of the market

The growth of the Philippines fresh onions and shallots market is driven by several key factors. Onions and shallots are staple ingredients in various cuisines, making them essential components of many dishes. Their versatility as both aromatic and flavorful ingredients enhances their demand. Furthermore, onions and shallots offer nutritional benefits, including antioxidants and potential health benefits. The market`s expansion is also influenced by the growth of the foodservice industry, where these ingredients are widely used. The convenience of purchasing fresh onions and shallots contributes to their popularity among consumers, driving the market`s growth. The agricultural adaptability of these crops further supports their cultivation and availability.

Challenges of the market

The Philippines fresh onions and shallots market encounters challenges related to production, storage, and market dynamics. Maintaining a consistent supply of fresh onions and shallots throughout the year requires addressing issues like storage techniques, post-harvest losses, and perishability. Fluctuations in weather patterns and disease outbreaks can impact crop yields and quality. Moreover, competing with imported onions and shallots, which might have cost advantages due to economies of scale, can pose challenges for local producers. Educating consumers about the advantages of locally produced onions and shallots in terms of freshness, flavor, and supporting local agriculture is an ongoing endeavor.

Covid-19 Impact of the market

The Philippines fresh onions and shallots market faced a mix of challenges and opportunities during the COVID-19 pandemic. Disruptions in supply chains, labor shortages, and changes in consumer behavior affected the demand for these staple vegetables. The closure of restaurants and reduced foodservice operations impacted the demand from the hospitality sector, where onions and shallots are common ingredients. However, the surge in home cooking and the need for essential ingredients led to increased demand for fresh onions and shallots in retail markets. The market had to adapt to shifting consumption patterns by emphasizing the availability of these essential vegetables for home cooks. Ensuring a consistent supply of high-quality fresh produce posed challenges due to disruptions in harvesting and transportation. The Philippines fresh onions and shallots market responded by adjusting distribution networks, focusing on retail channels, and enhancing safety measures to maintain the supply of these culinary staples.

Key Players of the market

In the Philippines fresh onions and shallots market, various players play a role in providing these essential culinary ingredients. Companies like OnionHarvest Farms, ShallotFields Growers, and FreshAllium Producers are significant contributors, ensuring the availability of fresh onions and shallots used in a wide range of dishes.

Key Highlights of the Report:

• Philippines Fresh Onions and Shallots Market Outlook
• Market Size of Philippines Fresh Onions and Shallots Market, 2023
• Forecast of Philippines Fresh Onions and Shallots Market, 2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Revenues & Volume for the Period 2020-2030
• Philippines Fresh Onions and Shallots Market Trend Evolution
• Philippines Fresh Onions and Shallots Market Drivers and Challenges
• Philippines Fresh Onions and Shallots Price Trends
• Philippines Fresh Onions and Shallots Porter's Five Forces
• Philippines Fresh Onions and Shallots Industry Life Cycle
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Yellow for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Red for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By White for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Retails for the Period 2020-2030
• Historical Data and Forecast of Philippines Fresh Onions and Shallots Market Revenues & Volume By Food Industry for the Period 2020-2030
• Philippines Fresh Onions and Shallots Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Application
• Philippines Fresh Onions and Shallots Top Companies Market Share
• Philippines Fresh Onions and Shallots Competitive Benchmarking By Technical and Operational Parameters
• Philippines Fresh Onions and Shallots Company Profiles
• Philippines Fresh Onions and Shallots Key Strategic Recommendations