DUBLIN--(BUSINESS WIRE)--The "Global Mustard Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global mustard market is expected to grow at a compound annual growth rate of 5.81% over the forecast period to reach a market size of US$7.442 billion in 2025 from US$5.302 billion in 2019.
The market is currently witnessing a higher growth because of the applications of the mustard seeds that are widely used in the food and beverage industry, personal care, cosmetics, and pharmaceutical industry. Furthermore, the demand for mustard seeds is expected to register significant growth due to its increasing demand for cooking and as a replacement for other cooking oils. The market is currently led by the food and beverage industry because of an increase in the demand for mustard sauce and it is followed by the cosmetics industry because of its natural properties. Sudan currently is the leading producer and exporter of mustard and it is followed by India, Ethiopia, and China. With their increasing demand, mustard has become one of the imperative commercial and cultivated crops in Canada and Europe.
Increased Imports of Mustard Seeds
There is a huge demand in the food and beverage industry for mustard seeds from which dip sauce, mayonnaise, table mustards can be produced. The yellow mustard sauce has been registering a higher demand as compared to honey mustard, spicy brown because of its use as a flavoring agent in various food dishes. Germany, Brazil, Poland, Romania, and Switzerland are the leading importer of mustard seeds. Mustard oil and Mustard seeds have a substantial demand in the global market. Imports of mustard oil and herbs have also increased because of its therapeutic benefits.
Asia-Pacific Region to Register Highest Growth
With the rising income and a great desire for various healthier food products, Asia- Pacific is seeing impressive growth in the mustard market. India and China are two of the leading exporters of mustard seeds apart from Sudan. Mustard Condiments Sauces are highly popular among millennials. Eu-rope is a significant market for mustard deeds because of a higher demand for mustard paste and oil.
Distribution and Application Channel
Whole seeds, powder, oil, and paste have significant revenue and growth in the mustard market. The mustard sauce and dips are used with a lot of food products. The oil is used for cooking and cosmetic purposes. The distribution is divided into direct and indirect segments. It can be further segmented into retail stores, wholesale markets, farmers market, confectionery stores, and online retail. Retail has a substantial share of revenue, among others. Online retail is expected to increase because of the advancement in technology and with the introduction of various social media applications.
Challenges in the Mustard Market
There is a vital concern in developing countries regarding the cultivation of mustard. Farmers some-times get a lower quality of seeds. Insect pets cause considerable damage which causes a lot of damage and decreases the yield of mustard crops. Fungal diseases and weeds cause a lot of dam-age if not controlled. The harvest crops have a storage challenge because of the lack of storage facilities in developing countries. One of the considerable concerns in the mustard industry is adulteration that reduces the quality of the product. There are other social challenges as it is difficult to change consumer eating behavior.
Companies Mentioned
- Backwoods Mustard Company
- Mustard and Co
- Conagra Brands
- Kraft Foods Group
- French's
- Charroux
- Woebar Mustard Manufacturing Company
- Podravka
- Boar's Head Brand
- H.J Heinz Company
- Unilever
- Colman'
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.4. Industry Value Chain Analysis
5. Global Mustard Market Analysis, by Type (Value in US$ Million) (Volume in Tons)
5.1. Introduction
5.2. Mustard Seeds
5.3. Mustard Oil
5.4. Mustard Powder
5.5. Others
6. Global Mustard Market Analysis, by Industry (Value in US$ Million) (Volume in Tons)
6.1. Introduction
6.2. Food and Beverage
6.3. Cosmetics
6.4. Pharmaceuticals
6.5. Others
7. Global Mustard Market Analysis, by Distribution Channel (Value in US$ Million) (Volume in Tons)
7.1. Introduction
7.2. Online
7.3. Offline
8. Global Mustard Market Analysis, by Geography (Value in US$ Million) (Volume in Tons)
8.1. Introduction
8.2. North America (Value in US$ Million) (Volume in Tons)
8.3. South America (Value in US$ Million) (Volume in Tons)
8.4. Europe (Value in US$ Million) (Volume in Tons)
8.5. The Middle East and Africa (Value in US$ Million) (Volume in Tons)
8.6. Asia-Pacific (Value in US$ Million) (Volume in Tons)
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/xekn9w
