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Is volatility restraining the growth of the mustard oil market?
However, volatility in prices of raw materials used in manufacturing mustard oil is restraining the growth of this market. On the basis of type, black mustard oil accounted for a major share of the global mustard oil market in 2017. This can be attributed to its high demand as an edible cooking oil across regions.
What is the forecast for the global mustard oil market?
The global mustard oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for cooking oils, increasing awareness about the benefits of mustard oil, and growing demand for aromatherapy oils.
Why is the mustard oil market growing?
The growth in the market can be attributed to factors such as rising demand for cooking oils, increasing awareness about the benefits of mustard oil, and growing demand for aromatherapy oils. Additionally, the increasing use of mustard oil in pharmaceuticals and soaps industries is also contributing to the growth of this market.
What is mustard oil used for?
Mustard oil is widely used for preparing a variety of foods including sauces, salad dressings, soups and stews, meat and seafood dishes, cookies and cakes. The extensive usage of this product in commercial kitchens to prepare food has resulted in high demand from consumers looking for ready-to-eat products.