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Black Seed Oil Market Size, Industry Analysis Report By Product (Oil, Powder, tablets, and capsules, Soft gel), By Application (Personal care and cosmetics, Pharmaceuticals, Nutraceutical, flavouring and dressing) & Region – Forecast

  • PUBLISHED ON
  • NO OF PAGES
  • 201
  • CATEGORY
  • Food & Beverages
The Global Black Seed Oil Market: Overview
The Global Black Seed Oil Market is valued at around USD 18.35 million in 2022 and is expected to reach USD 34.71 million by 2030, registering a CAGR of 7.34% over the forecast period. The seeds of the Nigella Sativa plant are used to make black seed oil. In addition to being sold as oil, powder, tablets, capsules, and soft gels, black seed oil is also referred to as black caraway, black cumin, nigella, or kalonji. Black seed oil has therapeutic benefits and is a powerful treatment for a number of conditions, including diabetes, high cholesterol, asthma, rheumatoid arthritis, respiratory infections, etc. Because of its aroma and flavour in soups, curries, soups, and meat dishes, black seed oil, an exceptionally potent seed oil, has also earned recognition for use in food preparations.

The Global Black Seed Oil Market - Growth Factor
Because of its many health advantages, black seed oil is becoming more and more popular. In addition to reducing the signs and symptoms of rheumatoid arthritis, black seed oil can also assist with asthma, an upset stomach, excessive cholesterol, and high blood pressure. The significance of taking care of one's body is becoming more and more clear to consumers. They have started choosing ""better-for-you"" food ingredients that are nourishing and risk-free to consume as a result. Additionally, the oil derived from black seeds can be consumed as a liquid or taken as a pill. Thus, the multiple health benefits of black seed oil are projected to be the main driving force behind the expansion of the target market over the period under discussion.

The Global Black Seed Oil Market – Market Trends
• The culinary use of black seed oil as a flavouring element to enhance salad dressing, bread, bakery goods, curries, etc. is predicted to significantly contribute to the expansion of the black cumin seed oil market.
• Additionally, the black seed oil contains a variety of vitamins and nutrients including calcium, phosphorus, copper, and zinc that support and aid several body activities and increase demand.
• Black seed oil can also be taken orally or as a drink. Thus, the focus on market expansion during the forecast period is anticipated to be driven by the health advantages of black seed oil.
• Additionally, it is anticipated that the expansion of the skincare sector would be aided by rising public knowledge of the advantages of black seed oil.

The Global Black Seed Oil Market – Segmentation
The Global Black Seed Oil Market fragrance concentrates market has been sub-classified into product, application.

On the basis of product, the Global Black Seed Oil Market is bifurcated into:
• Oil
• Powder, tablets, and capsules
• Soft gel
• others

On the basis of application, the market segmented into:
• personal care and cosmetics
• pharmaceuticals
• nutraceutical
• flavouring and dressing
• others

The Global Black Seed Oil Market –Regional Analysis
Asia-Pacific dominated the global Black Seed Oil Market, is anticipated to grow at a rate of over 7.5% CAGR throughout the forecast period due to increased black seed farming, which guarantees a plentiful supply of raw materials for the region's manufacturing of black seed oil. Additionally, a progressive shift in consumer preference away from pharmaceutical formulations and toward nutraceutical goods for the treatment of various ailments ought to further strengthen regional market trends.

The Global Black Seed Oil Market – Key Market players
Global key players of Global Black Seed Oil Market include Sabinsa Corporation, OAS Products, Safa Honey Company, Kerfoot Group, Manish Agro, Sanabio, Z-company, Organika Health Products, Inc, Flavex, Inc. and Amazing An Nutrition, Inc., among others.

Report Scope
Global Black Seed Oil Market: Historical Years- 2018-2021
Global Black Seed Oil Market: Forecast Years- 2022-2030
Global Black Seed Oil Market 2022- USD 18.35 million
Global Black Seed Oil Market 2030- USD 34.71 million
Global Black Seed Oil Market CAGR- 7.34%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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