Advertisement

Topics

Bangladesh Mustard Oil Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 01032018] Prices from USD $3250

13:51 EDT 21 Jul 2018 | BioPortfolio Reports

The Bangladesh mustard oil market is expected to register a CAGR of 5.6% during the forecast period, 2018 to 2023. As mustard oil is a commoditybased product, the more the availability, the higher the market penetration. Though oil is priced on a higher end compared to the other edible oils, mustard oil accounts for a share of around 56% of the Bangladesh edible oil market.


Availability of Other Healthier Options Restraining the Mustard Oil Market in Bangladesh


The rising trend of fast food culture has promoted strong flavored cuisines, wherein mustard oil is utilized. Mustard oil, a rich source of omega3 and omega6 fatty acids, antioxidants, and vitamin E, is expected to witness moderate growth in sales over the forecast period. The Bangladesh edible oil market is dominated by soybean oil, followed by palm oil. These oils are flavor neutral and do not exhibit any pungency, unlike mustard oil. Growing health concerns, change in the income band, rural to urban migration, awareness towards health conscious lifestyle, and socioeconomic conditions made consumers switch to healthier edible oils, such as olive oil, corn oil, mustard oil bran oil, and blended oil.


Online Channels likely to Witness CAGR of 6.4% during the Forecast Period


By Application, Bangladesh mustard oil market can be segmented into culinary and personal care. Due to high content of omega3 fatty acids, the oil is widely used in many personal care products, thus enabling several players in the personal care market, to use mustard oil as an ingredient. By distribution channel, the online channels are expected to witness CAGR of 6.4% during the forecast period.


MAJOR PLAYERS: WILMAR INTERNATIONAL, PRAN and SQUARE CONSUMER PRODUCTS LTD, amongst others.


Reasons to Purchase this Report


Analyzing outlook of the market with the recent trends and Porter's five forces analysis.

Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.

Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and noneconomic aspects.

Countrylevel analysis, integrating the demand and supply forces that are influencing the growth of the market.

Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.

Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.

3 months analyst support along with the Market Estimate sheet in excel.


Customization of the Report


This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Original Article: Bangladesh Mustard Oil Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 01032018] Prices from USD $3250

NEXT ARTICLE

More From BioPortfolio on "Bangladesh Mustard Oil Market Growth, Trends and Forecasts 2018 2023 [Report Updated: 01032018] Prices from USD $3250"

Advertisement
Quick Search
Advertisement
Advertisement

 

Relevant Topics

Food
Food is any substance consumed to provide nutritional support for the body. It is usually of plant or animal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism ...

Nutrition
Within medicine, nutrition (the study of food and the effect of its components on the body) has many different roles. Appropriate nutrition can help prevent certain diseases, or treat others. In critically ill patients, artificial feeding by tubes need t...

The Top 100 Pharmaceutical Companies
Top 10 biotech and pharmaceutical companies worldwide based on market value in 2015 2015 ranking of the global top 10 biotech and pharmaceutical companies based on revenue (in billion U.S. dollars) Johnson & Johnson, U.S. 74...