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
- 2024-10-03
- NO OF PAGES
- 201
- CATEGORY
- Food & Beverages
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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