Market Overview:
The global mustard oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for cooking oils, increasing awareness about the benefits of mustard oil, and growing demand for aromatherapy oils. Additionally, the increasing use of mustard oil in pharmaceuticals and soaps industries is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing mustard oil is restraining the growth of this market. On the basis of type, black mustard oil accounted for a major share of the global mustard oil market in 2017. This can be attributed to its high demand as an edible cooking oil across regions. Brown mustard oil is also gaining popularity due to its health benefits such as improving digestion and reducing inflammation.
Product Definition:
Mustard oil is a vegetable oil derived from the seeds of the mustard plant. The oil has a pungent taste and a sharp smell. It is used in cooking, as a carrier oil for aromatherapy, and in industrial manufacturing.
Black Mustard Oil:
Black mustard oil is extracted from black mustard seeds. It has a strong taste and smell similar to that of spicy salad dressing. The main difference between this product and regular mustards is the color of the seeds - black ones look like miniature soybeans with a dark brown shell surrounding them.
Brown Mustard Oil:
Brown Mustard Oil is a type of mustard seed oil that has been processed to remove the outer portion of the seed. The oil is then refined and used in various food products such as salad dressings, bread, mayonnaise, etc. It contains omega-6 fatty acids and antioxidants which help in reducing inflammation along with cholesterol levels.
It also helps to reduce pain caused by rheumatoid arthritis and other inflammatory diseases along with cancer & cardiovascular diseases prevention.
Application Insights:
The cooking application segment led the global market in 2017. Mustard oil is widely used for preparing a variety of foods including sauces, salad dressings, soups and stews, meat and seafood dishes, cookies and cakes. The extensive usage of this product in commercial kitchens to prepare food has resulted in high demand from consumers looking for ready-to-eat products.
The aromatherapy application segment is expected to witness the fastest growth over the forecast period owing to its therapeutic properties that help reduce stress as well as promote circulation & digestion. Aromatherapy oils are highly preferred by medical professionals due to their healing properties; however, mustard oil holds greater importance as an essential carrier for various other essential oils due to its non-toxic nature which makes it suitable for medical use too.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing product demand in various applications such as aromatherapy, pharmaceuticals, and cooking. Furthermore, rising disposable income levels coupled with an expanding population base will drive the regional market further.
The U.S., being one of the most developed countries in terms of technology and science has made significant use of mustards for treating various diseases over the years which is anticipated to augment product demand over next eight years on account of increasing R&D activities by private as well as public organizations in this region.
Growth Factors:
- Increasing demand for edible oils in developing countries: The global population is expected to grow by more than 1 billion people over the next decade, with the majority of this growth occurring in developing countries. This will lead to an increase in demand for all types of food, including edible oils.
- Rising income levels in developing countries: As incomes rise, consumers are increasingly able to afford healthier foods like vegetable oils. This is leading to a shift away from traditional cooking methods that use unhealthy saturated fats, such as palm oil and coconut oil, towards healthier options like mustard oil.
- Growing awareness of the health benefits of mustard oil: There is growing awareness among consumers about the health benefits of using mustard oil as a cooking medium instead of other unhealthy alternatives like palm or coconut oil. Some studies have shown that consuming moderate amounts of mustard oil can help reduce the risk of heart disease and other chronic diseases.
- . increasing urbanization: As more people move into cities, they are exposed to new types of cuisine that include dishes cooked with different types of edible oils. This is helping to drive demand for mustard oil as a cooking medium worldwide..5) Technological advancements: The production process for making mustard Oil has become much more efficient and cost-effective due to technological advancements over the past few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Mustard Oil Market Research Report
By Type
Black Mustard Oil, Brown Mustard Oil, White Mustard Oil
By Application
Cooking, Aromatherapy, Pharmaceuticals, Soaps, Others
By Companies
Cargill Incorporated, Archer Daniels Midland Company, Adani Wilmar Limited, Taj Agro Products, Emami Agro Ltd., K S Oils, Saloni Mustard oil, Mother Dairy Fruit & Vegetable Pvt. Ltd., Ambuja Agro Industries Ltd, Aditi Health Oils, Bansal Oil Mill Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Mustard Oil Market Report Segments:
The global Mustard Oil market is segmented on the basis of:
Types
Black Mustard Oil, Brown Mustard Oil, White Mustard Oil
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cooking, Aromatherapy, Pharmaceuticals, Soaps, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill Incorporated
- Archer Daniels Midland Company
- Adani Wilmar Limited
- Taj Agro Products
- Emami Agro Ltd.
- K S Oils
- Saloni Mustard oil
- Mother Dairy Fruit & Vegetable Pvt. Ltd.
- Ambuja Agro Industries Ltd
- Aditi Health Oils
- Bansal Oil Mill Limited
Highlights of The Mustard Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Black Mustard Oil
- Brown Mustard Oil
- White Mustard Oil
- By Application:
- Cooking
- Aromatherapy
- Pharmaceuticals
- Soaps
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mustard Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mustard oil is a type of vegetable oil that is extracted from the seeds of the mustard plant. It has a yellow color and a pungent, hot flavor. Mustard oil is used in cooking to add flavor and heat to food.
Some of the major players in the mustard oil market are Cargill Incorporated, Archer Daniels Midland Company, Adani Wilmar Limited, Taj Agro Products, Emami Agro Ltd., K S Oils, Saloni Mustard oil, Mother Dairy Fruit & Vegetable Pvt. Ltd., Ambuja Agro Industries Ltd, Aditi Health Oils, Bansal Oil Mill Limited.
The mustard oil market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mustard Oil Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mustard Oil Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mustard Oil Market - Supply Chain
4.5. Global Mustard Oil Market Forecast
4.5.1. Mustard Oil Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mustard Oil Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mustard Oil Market Absolute $ Opportunity
5. Global Mustard Oil Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mustard Oil Market Size and Volume Forecast by Type
5.3.1. Black Mustard Oil
5.3.2. Brown Mustard Oil
5.3.3. White Mustard Oil
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mustard Oil Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mustard Oil Market Size and Volume Forecast by Application
6.3.1. Cooking
6.3.2. Aromatherapy
6.3.3. Pharmaceuticals
6.3.4. Soaps
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mustard Oil Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mustard Oil Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mustard Oil Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mustard Oil Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mustard Oil Demand Share Forecast, 2019-2026
9. North America Mustard Oil Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mustard Oil Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mustard Oil Market Size and Volume Forecast by Application
9.4.1. Cooking
9.4.2. Aromatherapy
9.4.3. Pharmaceuticals
9.4.4. Soaps
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mustard Oil Market Size and Volume Forecast by Type
9.7.1. Black Mustard Oil
9.7.2. Brown Mustard Oil
9.7.3. White Mustard Oil
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mustard Oil Demand Share Forecast, 2019-2026
10. Latin America Mustard Oil Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mustard Oil Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mustard Oil Market Size and Volume Forecast by Application
10.4.1. Cooking
10.4.2. Aromatherapy
10.4.3. Pharmaceuticals
10.4.4. Soaps
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mustard Oil Market Size and Volume Forecast by Type
10.7.1. Black Mustard Oil
10.7.2. Brown Mustard Oil
10.7.3. White Mustard Oil
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mustard Oil Demand Share Forecast, 2019-2026
11. Europe Mustard Oil Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mustard Oil Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mustard Oil Market Size and Volume Forecast by Application
11.4.1. Cooking
11.4.2. Aromatherapy
11.4.3. Pharmaceuticals
11.4.4. Soaps
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mustard Oil Market Size and Volume Forecast by Type
11.7.1. Black Mustard Oil
11.7.2. Brown Mustard Oil
11.7.3. White Mustard Oil
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mustard Oil Demand Share, 2019-2026
12. Asia Pacific Mustard Oil Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mustard Oil Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mustard Oil Market Size and Volume Forecast by Application
12.4.1. Cooking
12.4.2. Aromatherapy
12.4.3. Pharmaceuticals
12.4.4. Soaps
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mustard Oil Market Size and Volume Forecast by Type
12.7.1. Black Mustard Oil
12.7.2. Brown Mustard Oil
12.7.3. White Mustard Oil
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mustard Oil Demand Share, 2019-2026
13. Middle East & Africa Mustard Oil Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mustard Oil Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mustard Oil Market Size and Volume Forecast by Application
13.4.1. Cooking
13.4.2. Aromatherapy
13.4.3. Pharmaceuticals
13.4.4. Soaps
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mustard Oil Market Size and Volume Forecast by Type
13.7.1. Black Mustard Oil
13.7.2. Brown Mustard Oil
13.7.3. White Mustard Oil
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mustard Oil Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mustard Oil Market: Market Share Analysis
14.2. Mustard Oil Distributors and Customers
14.3. Mustard Oil Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cargill Incorporated
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Archer Daniels Midland Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Adani Wilmar Limited
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Taj Agro Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emami Agro Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. K S Oils
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Saloni Mustard oil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mother Dairy Fruit & Vegetable Pvt. Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ambuja Agro Industries Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Aditi Health Oils
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Bansal Oil Mill Limited
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook