Mustard oil is an oil type extracted from mustard seeds. This oil is dominantly used in the food and beverage industry and pharmaceuticals. The market for mustard oil has shown significant growth worldwide. The replacement of sunflower and other oils with mustard oil accounts for this growth. The medicinal properties of mustard oil make it better and more useful than the other oils. Mustard seeds possess a pungent and strong taste, accompanied by a strong, unpleasant odor. Mustard oil has several applications, such as antibacterial agents in soap production, beverages, pharmaceuticals, anti-fungal agents, etc.
Mustard oil is also used in cooking food and increasing the taste, which is seen as a common trend in the dishes of northern India. Mustard seeds are available on the market mainly in 3 variants: black, brown, and white. The processing method of mustard oil also depends on its application. Crude extraction of mustard oil is mainly used for food and beverage uses. The second method, distillation extraction of mustard oil, is used in the application of pharmaceuticals and therapies. Mustard oil is also globally used for hair growth treatments, aromatherapy, and as an appetizer. The wide applications of mustard oil, mainly in medicine and food processing, have increased the global mustard oil market.
Global Mustard Oil Market Drivers
Increasing global production of oilseed.A major driving factor for the global mustard oil market growth is the increasing production of oilseed worldwide. The global production of oilseed witnessed significant growth over thepast few years. With the increasing production of mustard or rapeseed globally, the production of mustard oil will witness considerable growth. The Ministry of Agriculture & Farmers Welfare of the Indian Government, in its press release, stated that the production of rapeseed and mustard in the nation witnessed an increase of about 40% in thelast three years, from 91.2 lakh tons in 2020-21 to 128.2 lakh tons in 2022-23. The government also introduced theSpecial Mustard program, which is also expected to propel the production of mustard in the nation. The department further stated that the nation's mustard productivity witnessed a surge of about 11% in 2022-23, to about 1,447 kg/hectare.
Global Mustard Oil Market geographical outlook
Asia-Pacific is forecasted to hold a major share of the Global Mustard Oil Market.The Asia-Pacific region leads in the usage of healthy sauces and healthy foods, giving it the lion's share in the market of mustard oil.
Europe is the second-largest market for mustard oil in terms of volume.The Asia-Pacific is among the biggest oilseed and edible oil producers globally. Similarly, the demand for mustard oil in domestic consumption is also among the highest in the region, especially in countries like India, Bangladesh, and Pakistan.
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Global Mustard Oil Market is segmented and analyzed as given below:
By Type
- Black mustard
- Brown mustard
- White mustard
By Application
- Food and Beverages
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
By Geography
- North America
- South America
- Europe
- Middle East and Africa
- Asia-Pacific
Table of Contents
Companies Mentioned
- Adani Wilmar Limited
- Emami Agro Ltd
- Mother Dairy Fruit & Vegetable Pvt. Ltd
- B P Oil Mills Limited
- Pansari Group
- Kriti Nutrients
- Dabur UK
- Manishankar Oils Pvt. Ltd.
- Good Life’s (Reliance Consumer Brands)
- Ajanta Soya Limited
- Medikonda Nutrients
- Vigon International, LLC. (Azelis)
- Mahesh Edible Oil Industries Limited
- Ashoka Oil Industries
- Nayesha Oil Mills
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 130 |
Published | December 2024 |
Forecast Period | 2025 - 2030 |
Estimated Market Value ( USD | $ 31.55 Billion |
Forecasted Market Value ( USD | $ 37.8 Billion |
Compound Annual Growth Rate | 3.6% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |