세계의 머스터드 시드 시장 예측(-2030년) : 제품 유형, 용도, 판매 채널 및 지역별 분석

According to Stratistics MRC, the Global Mustard Seed Market is accounted for $762.14 million in 2023 and is expected to reach $1145.97 million by 2030 growing at a CAGR of 6.0% during the forecast period. The mustard seeds are rich in vitamins and B-complex nutrients like folates, niacin, vitamin B-6, and pantothenic acid that promote the synthesis of enzymes necessary for the proper operation of nervous systems. Additionally, mustard seed oil has a long history of use in relieving arthritis pain, asthma, cancer prevention, muscle pain, and other bodily aches and pains, fueling the anticipated growth of the mustard seed market.

According to USDA National Nutrient Database for Standard Reference, ground mustard seed contains 26.6% of your daily calcium, 51.2% of your daily iron, 92.5% of your daily magnesium, 40.5% of your daily zinc, and 82.8% of your daily phosphorus.

Market Dynamics:

Driver:

Trends in nutrition and health

Due to their abundance of essential fatty acids, vitamins, and minerals, mustard seeds have become a nutritional powerhouse. This is consistent with current global trends in nutrition and health, where consumers are actively looking for functional foods that have both savory qualities and health advantages. Scientific studies highlighting their potential to lower bad cholesterol levels, aid digestion, and reduce inflammation have increased demand for mustard seed products, such as oils and spreads. Moreover, consumers who are concerned about their health are increasingly drawn to products made from mustard seeds because of the strong emphasis placed on preventive healthcare.

Restraint:

Limited research expenditure

Compared to other important staple crops, the market for mustard seeds has not seen as much research funding. Furthermore, the creation of resilient, high-yielding mustard varieties that can adjust to shifting climatic conditions is hampered by this limitation. To investigate traits like disease resistance, drought tolerance, and optimized oil content, more research funding is required. The creation of improved mustard varieties can be hastened through joint initiatives involving government research facilities, private seed businesses, and agricultural organizations.

Opportunity:

Wide-ranging product applications

Beyond the extraction of traditional oil, mustard seeds can be used for a variety of products. Moreover, the opportunity to create novel products, such as mustard-based sauces, condiments, herbal extracts, and even natural cosmetics like skincare items and essential oils, is presented by the expanding trend of incorporating natural and healthy ingredients in the food and cosmetic industries. Opening up new markets and revenue streams can be accomplished by utilizing the distinct flavor profile and nutritional advantages of mustard seeds.

Threat:

Competition from substitute oils

Alternative edible oils are a serious competitor in the market for mustard seeds. Other oils with established market shares and consumer preferences include soybean, sunflower, and palm oil. Consumer preferences may shift in favor of these substitutes due to altered perceptions of their flavor, health benefits, and suitability for cooking, which may have an effect on the demand for mustard oil. However, to stay competitive, mustard oil must effectively differentiate itself through marketing tactics that highlight its distinct flavor and health benefits.

COVID-19 Impact:

The COVID-19 pandemic significantly affected the market for mustard seeds by causing supply chains to break down, creating a labor shortage, and altering consumer demand. Lockdowns, trade restrictions, and roadblocks made it difficult to move mustard seeds and other products, while changes in consumer preferences, dietary preferences, and economic uncertainty affected demand trends. Moreover, the pandemic brought home how crucial it is to have resilient supply chains, online marketing, and flexible business strategies in order to deal with the difficulties presented by unanticipated global crises.

The white/yellow mustard seeds segment is expected to be the largest during the forecast period

It is anticipated that white and yellow mustard seeds will hold the largest market share during the forecast period. In a variety of dishes, including salad dressings, pickles, condiments, and sauces, white and yellow mustard seeds are frequently used. They are preferred for a wider variety of dishes due to their milder flavor compared to black mustard seeds. Additionally, white and yellow mustard seeds also account for a sizeable portion of the world market for mustard seeds due to their adaptability in both traditional and modern cuisines as well as their importance in the food processing sector.

The industrial segment is expected to have the highest CAGR during the forecast period

During the anticipated period, the industrial segment is showing the mustard seed market's highest CAGR. The rising demand for mustard seeds in numerous industrial applications, such as food processing, pharmaceuticals, and cosmetics, is the primary driver of this growth. Oil extracted from mustard seeds is highly prized because it can be used to make food as well as cosmetics and other personal care items. Moreover, mustard oil is increasingly being used in industrial processes because of its adaptability as an ingredient with potential health benefits.

Region with largest share:

During the forecast period, the European region is expected to hold the largest market share. Europe has a long history of using mustard seeds in food, particularly in sauces and dressings, with France, Germany, and the United Kingdom leading the way. Unique mustard-based products are in higher demand as a result of the rising appeal of gourmet and specialty foods. Furthermore, the demand for mustard seeds and their products has increased due to the health-conscious trend and consumers' preference for natural ingredients, further boosting Europe's dominance of the world's mustard seed market.

Region with highest CAGR:

The market for mustard seeds is growing at the highest CAGR in the Asia-Pacific region. Long-standing culinary customs in nations like India, China, and Japan heavily rely on mustard seeds, which sustainably increase demand. Moreover, the region's expanding population, rapid urbanization, and shift in dietary preferences toward more flavourful and healthy options have all increased the consumption of goods made with mustard. A growing understanding of the nutritional advantages of mustard seeds and their use in both conventional and fusion cuisines also contributes to Asia-Pacific's significant growth potential in the global mustard seed market.

Key players in the market:

Some of the key players in Mustard Seed market include: Kaveri Seeds, McCormick & Company Inc., Sun Impex., The Tracklement Company Ltd., Organic Products India, Sakai Spice Corp and Megha Corporation.

Key Developments:

In May 2023, Kaveri Seed Company Limited is looking to expand its export market by entering into new frontiers as well as strengthening its presence in the existing countries. Presently, the Secunderabad-based company is exporting its seed to Vietnam, Bangladesh, Nepal and few countries of Middle East and Africa.

In September 2022, McCormick & Company announced that More than 10-thousand feet of expansion in the South Bend by the South Bend, Ind. The new expansion will include a glass production line that is key to the development of the new products. The building expansion idea became official 3 years ago and is expected to be fully complete by summer of 2023. Currently, around 100 people are employed by the South Bend branch, and while no new jobs will be added for now, I'm told it's something that will be looked into later.

In August 2022, Sun Impex Is Growing and Expanding and Launches Its New Office In The Netherlands. Sun Impex is expanding and has its presence in Rotterdam now. We are excited and heartily appreciating all the felicitations coming our way. The team is ready to meet the new responsibilities with dynamism and fervour.

Product Types Covered:

• White/Yellow Mustard Seeds
• Black Mustard Seeds
• Sarepta Mustard Seeds
• Other Product Types

Applications Covered:

• Industrial
• Commercial
• Household
• Other Applications

Sales Channels Covered:

• Direct
• Indirect
• Other Sales Channels

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Mustard Seed Market, By Product Type

• 5.1 Introduction
• 5.2 White/Yellow Mustard Seeds
• 5.3 Black Mustard Seeds
• 5.4 Sarepta Mustard Seeds
• 5.5 Other Product Types

6 Global Mustard Seed Market, By Application

• 6.1 Introduction
• 6.2 Industrial
• 6.3 Commercial
• 6.4 Household
• 6.5 Other Applications

7 Global Mustard Seed Market, By Sales Channel

• 7.1 Introduction
• 7.2 Direct
• 7.3 Indirect
• 7.4 Other Sales Channels

8 Global Mustard Seed Market, By Geography

• 8.1 Introduction
• 8.2 North America
  • 8.2.1 US
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 UK
  • 8.3.3 Italy
  • 8.3.4 France
  • 8.3.5 Spain
  • 8.3.6 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 Japan
  • 8.4.2 China
  • 8.4.3 India
  • 8.4.4 Australia
  • 8.4.5 New Zealand
  • 8.4.6 South Korea
  • 8.4.7 Rest of Asia Pacific
• 8.5 South America
  • 8.5.1 Argentina
  • 8.5.2 Brazil
  • 8.5.3 Chile
  • 8.5.4 Rest of South America
• 8.6 Middle East & Africa
  • 8.6.1 Saudi Arabia
  • 8.6.2 UAE
  • 8.6.3 Qatar
  • 8.6.4 South Africa
  • 8.6.5 Rest of Middle East & Africa

9 Key Developments

• 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 9.2 Acquisitions & Mergers
• 9.3 New Product Launch
• 9.4 Expansions
• 9.5 Other Key Strategies

10 Company Profiling

• 10.1 Kaveri Seeds
• 10.2 McCormick & Company Inc.
• 10.3 Sun Impex.
• 10.4 The Tracklement Company Ltd.
• 10.5 Organic Products India
• 10.6 Sakai Spice Corp
• 10.7 Megha Corporation