South Korea Mustard Market Size, Share, and COVID-19 Impact Analysis, By Product (Seed, Powder, Oil, and Paste), By Distribution Channel (Online Sales and Convenience Stores), and South Korea Mustard Market Insights, Industry Trend, Forecasts to 2035.
Industry: Food & BeveragesSouth Korea Mustard Market Insights Forecasts to 2035
- The South Korea Mustard Market Size Was Estimated at USD 90.9 Million in 2024
- The Market Size is Expected to Grow at a CAGR of around 7.38% from 2025 to 2035
- The South Korea Mustard Market Size is Expected to Reach USD 198.9 Million by 2035
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According to a research report published by Spherical Insights & Consulting, The South Korea Mustard Market Size is Anticipated to reach USD 198.9 Million By 2035, Growing at a CAGR of 7.38% from 2025 to 2035. The abundance of vital nutrients in mustard seeds has increased consumer demand for items made from mustard as a component of a balanced diet. Essential nutrients like proteins, fibre, vitamins, and minerals like tocopherols and erucic acid are abundant in mustard seeds. These elements support a number of health advantages, including as better skin health, decreased inflammation, and better digestion.
Market Overview
The E-commerce and distribution of mustard seeds, powder, oil, and associated goods, such as mustard-based pastes and sauces, are all involved in the mustard market. 14% of the vegetable oil produced comes from mustard, making it a significant oilseed crop. Production of mustard into oil, sauces, and food promotes small and medium-sized businesses and generates chances for value addition. Creating and encouraging value-added mustard-based goods, such as honey mustard and yellow mustard sauces, can open up new markets and boost small-scale processing sectors. According to government statistics, the mustard market offers significant business advantages due to its economic and agricultural significance. Government agricultural reports state that mustard is a low-input, high-yield crop that is sustainable for farmers. The adaptability to various soil types and climates, it is widely cultivated, supporting stable rural employment and income. Government programs including supports for the purchase of mustard seeds and funding for studies on high-yield and disease-resistant cultivars increase productivity and profitability. Statistics from India's Ministry of Agriculture highlight how important mustard is to the production of oilseeds and how it contributes significantly to the country's supply of edible oil, which lessens the need for imports.
Report Coverage
This research report categorizes the market for the South Korea mustard market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea mustard market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea mustard market.
South Korea Mustard Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | USD 90.9 Million |
Forecast Period: | 2025 - 2035 |
Forecast Period CAGR 2025 - 2035 : | 7.38% |
2035 Value Projection: | USD 198.9 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 90 |
Segments covered: | By Product, By Distribution Channel and COVID-19 Impact Analysis |
Companies covered:: | CJ CheilJedang Corporation, Dongwon F&B Co., Ltd., Sajo Haepyo Corporation, Daesang Corporation, Ottogi Corporation, Lotte Corporation, Pulmuone Co., Ltd., Korea Yakult Co., Ltd., Sempio Foods Company, Heinz Korea Ltd., Yeolmae Food Co., Ltd., and other key vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
More consumers are choosing organic mustard variants that provide greater flavour without the use of chemical additives in place of processed and artificial condiments as health consciousness grows. Originally used as a basic condiment, mustard is now being employed in a variety of culinary applications, which is greatly increasing market demand. In an effort to explore mustard's potential beyond the typical pairings, chefs and home cooks are increasingly using various varieties in marinades, rubs, sauces, and even drinks. Many fast-food dishes, including sandwiches, hot dogs, and burgers, is mustard. The demand for mustard is rising in both existing and emerging countries as fast-food chains spread throughout the world.
Restraining Factors
The price of raw materials, especially mustard seeds, can have a big impact on the mustard market. It can be difficult for manufacturers to maintain steady pricing and profit margins because of these swings, which can have a significant impact on production costs. A number of alternatives that can serve comparable culinary purposes, like mayonnaise, ketchup, and other condiments, pose a serious threat to the mustard business. Sales of mustard may be impacted if consumers choose these substitutes because to availability, taste, or cost. The competition gets more severe as producers of these alternatives develop and broaden their product ranges, which could restrict the market's ability to grow. This makes market penetration more difficult, particularly in areas where mustard is not a traditional condiment.
Market Segmentation
The South Korea mustard market share is classified into product and distribution channel.
- The seed segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea mustard market is segmented by product into seed, powder, oil, and paste. Among these, the seed segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Proteins, fiber, vitamins, and minerals including tocopherols and erucic acid are among the vital components found in mustard seeds. Due to these ingredients' numerous health advantages, such as better digestion and decreased inflammation, mustard seeds are well-liked by consumers who are concerned about their health. Mustard seeds' demand is further increased by their antibacterial qualities, which also make them more appealing for use in natural cures and preventative healthcare.
- The online sales segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.
The South Korea mustard market is segmented by distribution channel into online sales and convenience stores. Among these, the online sales segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The customer preferences and the rising demand for health-conscious products, online distribution has taken on a more significant role in the mustard business. Online distribution strategies have altered the way mustard products are supplied to consumers. With the use of e-commerce platforms, manufacturers may reach a wider audience and provide access to a variety of mustard goods without regard to location.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the South Korea mustard market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- CJ CheilJedang Corporation
- Dongwon F&B Co., Ltd.
- Sajo Haepyo Corporation
- Daesang Corporation
- Ottogi Corporation
- Lotte Corporation
- Pulmuone Co., Ltd.
- Korea Yakult Co., Ltd.
- Sempio Foods Company
- Heinz Korea Ltd.
- Yeolmae Food Co., Ltd.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea mustard market based on the below-mentioned segments
South Korea Mustard Market, By Product
- Seed
- Powder
- Oil
- Paste
South Korea Mustard Market, By Distribution Channel
- Online Sales
- Convenience Stores
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