Mustard Seed Market Report | Size, Opportunities and Forecast 2022-2032
The global mustard seed market is forecasted to be
valuated at US$ 1084.8 million by 2032, up from US$ 718.9
million in 2022, advancing at a CAGR of 4.2% from 2022 to 2032.
Being a source of a lot of healthy nutrients, being great source of sterols,
and for many other reasons, the demand for mustard
seeds is expected to increase in the future.
Mustard Seed Market Segmentation
Global mustard seed market is segmented on the basis of
product type, application, sales channels and region. On the basis of product
type the global mustard seed market is segmented into, white/yellow mustard
seeds, black mustard seeds and sarepta mustard seeds. The sarepta mustard seeds
segment is further sub-segmented into, brown and oriental mustard seeds.
Oriental mustard seeds are darker in color in comparison to
the yellow mustard seeds mainly due to its high content of phenolic compounds.
White or yellow mustard seeds have the least pungent taste while black mustard
seeds are the most pungent mustard seeds. By application the global mustard
seeds market is segmented into, industrial application, commercial application
and Household. Industrial application of mustard seeds includes its use in food
and beverages, cosmetic and personal care and other applications.
Food and beverages segment is the dominant application
segment in the overall mustard seeds market attributable to its widespread use
as a condiment. Mustard oil extracted from mustard seeds is widely used across
Asian countries. Mustard seeds are also used in salad dressing in countries
such as U.S., Canada and other European countries. Apart from this application
of mustard seeds in cosmetic is widespread wherein mustard seeds are used as a
natural scrub, hydrating agent, age defying agent and aids in hair growth, thus
contributing towards revenue generation in the overall mustard seeds market.
On the basis of sales channel the global mustard seeds
market is segmented into, direct and indirect sales channels. Indirect sales
channels are further sub-segmented into hypermarkets/supermarkets, convenience
stores, specialty stores, e-commerce and other retail formats.
On the basis of region the global mustard seed market is
segmented into, North America, Latin America, Europe, Asia Pacific and Middle
East and Africa. Europe is the largest market for mustard seed globally
attributable to increasing demand for mustard oil and mustard paste in cooking
across the regions. Europe and Asia Pacific is the largest producer of mustard
seeds globally thus contributing towards their overall revenue contribution in
the global mustard seeds market. Apart from this Canada is also one of the
leading producer of mustard seeds globally.
Mustard Seed Market Global Market Trends and Market
Drivers:
The growth of mustard seed market across the globe is
expected to depict significant growth in the overall market owing to increasing
demand for mustard seeds in cooking and as a substitute for other oils such as
sunflower oil and other oils in the market. Mustards seeds are essential
source of essential vitamins including, B-complex vitamins such as folates,
niacin, thiamin, riboflavin, vitaminB-6 and pantothenic acid thus, increasing
the synthesis of enzymes needed for functioning of nervous system and help in
regulation of body metabolism. Furthermore, oil extracted from mustard seeds is
traditionally being used to relive muscle pain, arthritis pain, for cancer risk
prevention, asthma and several other body ailments thus contributing towards
mustard seeds market growth over the forecast period.
Mustard Seed Market Key Players:
Variety of Mustard Seed have been introduced by the
manufacturers and some of the global market players manufacturing mustard seed
market include; McCormick & Company, Inc., The Tracklement Company Ltd.,
Kaveri Seeds, Sakai Spice (Canada) Corp, Megha Corporation, Organic Products
India, Sun Impex and others.
The report covers exhaust analysis on:
- Market
Segments
- Market
Dynamics
- Market
Size
- Supply
& Demand
- Current
Trends/Issues/Challenges
- Competition
& Companies involved
- Technology
- Value
Chain
Regional analysis includes:
- North
America (U.S., Canada)
- Latin
America (Mexico. Brazil)
- Western
Europe (Germany, Italy, France, U.K, Spain)
- Eastern
Europe (Poland, Russia)
- Asia
Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle
East and Africa (GCC Countries, S. Africa, Northern Africa)
Report Highlights:
- Detailed
overview of parent market
- Changing
market dynamics in the industry
- In-depth
market segmentation
- Historical,
current and projected market size in terms of volume and value
- Recent
industry trends and developments
- Competitive
landscape
- Strategies
of key players and products offered
- Potential
and niche segments, geographical regions exhibiting promising growth
- A
neutral perspective on market performance
Main Report Link : https://www.futuremarketinsights.com/reports/mustard-seed-market
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