According to projections, the global mustard seed market will be worth US$ 1084.8 million by 2032, up from US$ 718.9 million in 2022, and will grow at a CAGR of 4.2% over that time. The demand for mustard seeds is anticipated to rise in the future for a variety of reasons, including their high sterol content and abundance of healthful nutrients.
As it finds varied applications in the culinary, condiment, and healthcare industries, the Mustard Seed Market is rapidly expanding. Mustard seeds are becoming increasingly popular as natural taste enhancers and nutritious additions gain popularity. The market’s expansion is assisted further by the growing trend of using mustard oil for its health benefits, which is pushing greater cultivation and investment.
Mustard Seed Market Segmentation
The global mustard seed market is segmented according to product type, application, distribution channels, and geographic region. The global mustard seed market is classified into three product categories: white/yellow, black, and sarepta mustard seeds. The two sub-segments of the sarepta mustard seeds segment are brown and oriental mustard seeds.
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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.
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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.
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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
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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