According to the recent study the mustard market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 5% to 7% from 2023 to 2028. Growth in this market is primarily driven by increased demand for mustard oil, growing consumer's consciousness towards the health, and growth in the pharmaceuticals, personal hygiene and cosmetics market.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in mustard market by application (food and beverage, medical and others), distribution channel (indirect and direct), form (seed, powder, oil and paste), end use industry (industrial, commercial, households, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Offline market is expected to remain the largest segment during the forecast period.”
Based on distribution channel, the mustard market is segmented into indirect and direct. Lucintel forecasts that the offline market is expected to remain the largest segment due to increasing urbanization, huge presence in physical outlets, and bulk buying from supermarkets.
“Within the mustard market, the food and beverages segment is expected to remain the largest application”
Based on application the food and beverages segment is expected to witness the highest growth over the forecast period due to huge demand for mustard as cooking oil, spice, and seasoning.
“Asia pacific will dominate the mustard market in near future”
Asia Pacific will remain the largest region due to increasing population, growing urbanization, and increasing awareness of health benefits.
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Major players of mustard market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Conagro Brands Inc., McCormick Foods, Unilever, Mustard and Co., H.J. Heinz Company, French’s, Cargill Inc are among the major mustard providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/mustard-market.aspx or [email protected]