Mustard Seeds Market Size Worth $1,062.31 Million By 2032 With CAGR 4.0%
The global mustard seeds market size is expected to reach USD 1062.31 million by 2032, according to a new study by Polaris Market Research. The report “Mustard Seeds Market Share, Size, Trends, Industry Analysis Report, By Application (Commercial, Industrial, Household); By Type; By Sales Channel; By Region; Segment Forecast, 2023 – 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Mustard seeds, which are rich in vitamins and minerals, are a common component in Indian and American cuisine. These tiny, round seeds were employed in the temperate regions of the Europe before steadily gaining popularity in North Africa & Asia. The entire world is aware of the advantages of these seeds. Black varieties of mustard seeds are used as condiments in cooking various dishes and pickles from earlier days. It contains low levels of saturated fat and a higher antioxidant content. This is driving health-conscious consumers to add it to their diet.
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According to the Central Organization for Oil Industry and Trade (COOIT), an edible oil body, mustard seed production in India increased by 29% to 109.50 lakh metric tonnes in the 2021–22 Rabi crop year. This is due to the rising demand for mustard oil in the region. As consumers show interest in their preferences for mustard oil, necessitating demand for mustard seeds. Countries are enhancing the production of mustard seeds to meet this demand.
The prevalence of wide usage in various dishes in Europe is fueling demand and supply, as consumers are willing to spend more for mustard seeds, driving farmers to cultivate them to meet ongoing consumer demand. Although there are many different types of mustard seeds, brown, black, and yellow seeds are the most ideal for use in food. According to the article published by a news agency, France is the country that consumes the most mustard worldwide, with a history tracing back to the Middle Ages. It has evolved into a crucial component of French cuisine over time and is now a necessity for every French household. Furthermore, rising perceptions of the healthy benefits of mustard seeds in addition to their use in curries as a condiment are driving the growth and increasing the demand potential for the mustard seed market in the coming years.
Mustard Seeds Market Report Highlights
- Household segment is anticipated to witness the highest growth in the coming years due to its prevalence in cooking.
- White and Yellow mustard seeds segment accounted for the larger market share owing to rising demand from Bengalis.
- Indirect sales segment is projected to experience a larger revenue share due to the increase in the availability of products to a wider audience.
- APAC is projected to register the largest growth rate in the study period owing to rising production of mustard seeds to meet edible oil demand.
- Europe is expected to have a fastest growth owing to the rising demand for non-GMO products in the region.
- The global players include Archer Daniels Midland Company, Cargill, Dalmia Continental, ITC, Kamani Oil Industries, Kaveri Seeds & McCormick.
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Polaris Market Research has segmented the mustard seeds market report based on application, type, sales channel and region:
Mustard Seeds, Application Outlook (Revenue – USD Million, 2019 – 2032)
Mustard Seeds, Type Outlook (Revenue – USD Million, 2019 – 2032)
- White and Yellow Mustard Seeds
- Black Mustard Seeds
- Sarepta Mustard Seeds
Mustard Seeds, Sales Channel Outlook (Revenue – USD Million, 2019 – 2032)
Mustard Seeds, Regional Outlook (Revenue – USD Billion, 2019 – 2032)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
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