About Production of Mustard Oil
Global Mustard Market is segmented by Form (Seed, Powder, Oil, and Paste); Distribution Channel ( Online Retailing, Hypermarkets/Supermarkets, Convenience Store/Grocery Stores, and Other Channels); and Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The report offers market size and values in (USD million) for the above segments.
Mustard oil is a type of oil extracted from mustard seeds. Mustard oil is widely used in the food and pharmaceutical industry. Mustard oil market has seen a huge growth in the global market. Substituting mustard oil for sunflower and other oils explains this growth. The medicinal properties made by mustard oil make it better and more useful compared to other oils on the market. Mustard seeds have a spicy and strong taste, accompanied by a strong odor, not so pleasant. Mustard oil is also used for many applications, such as disinfectants, in the production of soaps, beverages, medicine, anti-fungal, etc. It is commonly used in the dishes of northern India.
Mustard seeds are available in the market mainly in 3 types such as black, brown and white mustard. The process of processing mustard oil also depends on its concentration. Mustard oil extract is commonly used in food and beverages. The second method, the distillation extraction of mustard oil, is used in the application of medicine and treatment. Mustard oil is also used throughout the world for hair growth treatments, aromatherapy, and as a food additive.
Wide application of mustard oil mainly in medicine and food processing has increased the growth plan of mustard oil in the global market. The demise of the COVID pandemic had a negative impact on the mustard oil market. The report of SEAI (Solvent Extractors Association of India), as India is one of the oil consumers and oil producers in the international market, says that in India, the monthly consumption of edible oil is about 18 to 19 lakh tonnes per month, which has come down after the COVID activity in the market.
This decline also reflects the decline in the consumption of mustard and edible oil in the world market. The layoffs and closures that have occurred around the world have also resulted in the closure of hotels and restaurants, which consume large amounts of edible oil.
Asia-Pacific is the fastest growing market
Asia-Pacific is the fastest growing mustard market. This area is on the rise due to the increase in customer demand for mustard. countries like China and India play an important role in the mustard production of the region. According to the Central Organization of Petroleum Industry and Trade (COOIT), India has about 85 lakh tonnes for the year 2020-21 (July-June), production continues to increase due to the growing demand for mustard. grow all over the world.
The use of mustard varies from country to country depending on the region. In India, mustard oil is widely used to prepare spices for various dishes, while in China, consumers also use mustard grass for consumption, the leaves are used in salads, mixed with smoothies, soups and stews.
Roasted mustard greens are used together with garlic and spices as a side dish for many meals in different countries. The demand for mustard and mustard products is due to the growing interest in the health benefits that can be obtained from eating these products, which is one of the main factors driving the market.
With nearly three million metric tons produced in fiscal year 2021, mustard is the largest component of all edible oils produced in India. Mustard can be used as an oilseed because of its high fat content. Because it makes food hot and spicy, mustard oil is used. It is mainly used in Asia, especially in India and China.
Production in India
India is heavily dependent on imports to meet its edible oil needs and the largest world importer of vegetable oils (15% share) followed by China and the United States. import edible oils, the share of palm oil is around 60%, followed by soybean oil with a share of 25% and sunflower (12%). The increase in the import of edible oil in the last decades has been around
174%
According to IMARC Group’s latest report, titled “Indian Mustard Oil Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2023-2028”, the Indian mustard oil market is expected to show a CAGR of 4.3% in period 2023-2028.
Mustard oil is a type of vegetable oil extracted from brown, white and black mustard seeds. It is available in various forms, including Grade I Mustard Oil (Kachchi Ghani), Grade II Mustard Oil (not edible), and refined mustard oil. Mustard oil helps reduce inflammation, treat cold symptoms, prevent microbial growth, promote healthy skin and hair, and more.
The mustard oil market in India is driven by the growing demand from the expanding hotel industry. Additionally, increasing consumer demand for the many health benefits associated with consuming mustard oil is driving the growth of the market. Besides this, the growing agricultural sector and increasing availability of high-yielding mustard seeds are inducing the production rate of mustard oil.
Additionally, the Indian government has introduced various initiatives to enhance the domestic production of oilseeds to minimize imports and achieve self-sufficiency. Also, easy availability of products across online and offline retail channels is driving the growth of the market. All the factors mentioned above are expected to increase the demand for mustard oil in India during the forecast period.
