A noteworthy trend accentuating the market dynamics is the escalating inclination towards organic and cold-pressed variants of mustard oil. According to the most recent insights from Data Intelligence, the Asia-Pacific region asserts a commanding presence in the mustard oil domain, holding an approximate 35% of the market share.
How has the mustard oil market changed over the years?
The mustard oil industry has witnessed a substantial surge in demand over recent years, culminating in a robust market evolution. The Global Mustard Oil Market accomplished a valuation of USD 18.2 billion in 2022, with projections indicating an ascent to USD 23.7 billion by 2030, propelled by a CAGR of 3.4% through the 2023-2030 forecast timeframe.
How to start a mustard oil business in India?
Here’s a breakdown of the essential legal aspects you should consider: Obtain Food Safety and Standards Authority of India (FSSAI) license, which is mandatory for food-related businesses, including mustard oil production. Ensure compliance with FSSAI regulations and standards.
Does Asia-Pacific hold a dominant position in the mustard oil market?
According to the most recent insights from Data Intelligence, the Asia-Pacific region asserts a commanding presence in the mustard oil domain, holding an approximate 35% of the market share. This considerable market influence underscores the region’s supremacy within the global mustard oil sector.