Mustard - Global Market Trajectory & Analytics

Global Mustard Market to Reach 1.3 Million Tons by 2027

Amid the COVID-19 crisis, the global market for Mustard estimated at 923.9 Thousand Tons in the year 2020, is projected to reach a revised size of 1.3 Million Tons by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027. Seed, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach 429.8 Thousand Tons by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Powder segment is readjusted to a revised 4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 250.5 Thousand Tons, While China is Forecast to Grow at 7.4% CAGR

The Mustard market in the U.S. is estimated at 250.5 Thousand Tons in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 262.1 Thousand Tons by the year 2027 trailing a CAGR of 7.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Oil Segment to Record 3.3% CAGR

In the global Oil segment, USA, Canada, Japan, China and Europe will drive the 2.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of 157.9 Thousand Tons in the year 2020 will reach a projected size of 193.4 Thousand Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 167.6 Thousand Tons by the year 2027, while Latin America will expand at a 4.2% CAGR through the analysis period.

Select Competitors (Total 42 Featured):

• Backwoods Mustard, LLC
• Bertman Foods Co.
• Boar's Head Brand
• Colman's of Norwich
• Conagra Brands, Inc.
• H.J. Heinz Company
• McCormick & Company, Inc.
• Moutarde de Charroux
• Mustard and Co.
• Podravka d.d.
• Unilever PLC
• Woeber Mustard Manufacturing Company