NEW YORK, Sept. 1, 2023 /PRNewswire/ — The mustard market size is set to grow by USD 2.3792 billion from 2022 to 2027, progressing a CAGR of 6.16%, according to the latest research report from Technavio. The increasing awareness among consumers about the various health benefits of consuming mustard boosts the market. The mustard products are characterized by a wide array of condiments, sauces, pastes, and seeds derived from mustard. With global culinary preferences evolving and a growing inclination toward flavorful and innovative foods, the market has witnessed significant growth during the forecast period. Download the sample report now
Mustard Market 2023 – 2027: Market Segmentation
The mustard market report extensively covers market segmentation by type (seed, powder, oil, and paste), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and Middle East and Africa).
The seed segment is projected to experience substantial market share growth during the forecast period. Mustard products, like sauces and pastes, predominantly originate from mustard seeds mixed with various ingredients like lemon juice, vinegar, and spices. Mustard seed is used in condiments for items such as hot dogs, sandwiches, and dressings, as well as in various culinary applications. Notable market players in this sector include Heinz, McCormick, Conagra Brands Inc., and Unilever. Dijon mustard seeds are particularly popular globally, made with brown or black mustard seeds, salt, and wine or vinegar. Players like McCormick are introducing hybrid products like Honey Mustard Dipping Sauce to drive innovation. These trends are anticipated to contribute to the seed segment’s growth in the mustard products market during the forecast period.
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Mustard Market 2023 – 2027: Regional Market Outlook
During the forecast period, the Asia-Pacific (APAC) region is anticipated to contribute 48% to the global market growth, with Japan, China, India, Vietnam, Australia, and Indonesia as the major markets. The APAC market is characterized by a diverse range of regional and global companies, creating a fragmented landscape. Notably, China stands out as the largest market, driven by increasing demand for mustard sauce due to its popularity in dishes like sandwiches, pasta, salads, and frozen yogurts, especially among the youth. The growth is also supported by China’s expanding catering industry, where mustard is a significant condiment ingredient.
Companies in Mustard Market Mentioned:
- DD Dev Spices Pvt Ltd
- ITC Ltd.
- Jalaram Agriexports Ltd.
- Known You Seed Co. Ltd.
- Lhasa Karnak Herb Co.
- M and L FOOD Co
- Manishankar Oils Private Ltd.
- Mansa Gold Agri Genetics Pvt. Ltd.
- McCormick and Co. Inc.
- Minn Dak Growers Ltd.
- Organic Products India
- Roland Foods LLC
- Seasons International Pvt. Ltd.
- Shalimar Chemical Works Pvt. Ltd
- Sunnovate Worldtrade Pvt. Ltd.
- The Great American Spice Co.
- The Kraft Heinz Co.
- Unjha Agro Co.
- Vasant Masala Pvt. Ltd.
- Virdhara International
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Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
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