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Black Seed Oil Market

Black Seed Oil Market: Information by Type (Organic, Virgin, Refined), Form (Liquid, Capsule), Distribution Channel (Drug Stores, Online), Application (Nutraceuticals, Culinary), and Region — Forecast till 2030

Published On : 29 Sep, 2022
Updated On : 30 Sep, 2022
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Market Snapshot

Base Year:
2021
Study Period:
2020-2030
CAGR:
7.34 %
Fastest Growing Market:
Europe
Largest Market:
Asia Pacific

The global black seed oil market size was valued at USD 18.35 million in 2021, and it is expected to reach USD 34.71 million by 2030 at a CAGR of 7.34%. A native of Southeast Asia and the Americas, black seed oil goes by several names, including black cumin seed, Nigella sativa, and Kalonji. Because it has a flavour and an aroma that are evocative of black pepper, onions, and oregano, black seed oil has earned recognition for its use in Indian and Middle Eastern cuisine. This oil can provide a peppery flavour to meals such as curries, soups, vegetables, and meat dishes. In addition, black cumin seed oil has many beneficial health and well-being benefits.

These properties include antibacterial, analgesic, anti-fungal, anti-inflammatory, antioxidant, antiviral, anti-hypertensive, insulin sensitizing, and other similar qualities. The various components present in black seed oil that are responsible for its wide range of applications include thymoquinone, thymohydroquinone, and thymol, in addition to several other micro-components such as myristic acid, palmitic acid, stearic acid, palmitoleic acid, oleic acid, linoleic acid, arachidonic acid, proteins, and vitamins. During the projected period, the black seed oil market share is expected to grow at a significant rate.

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Top Key Industry Dynamics

Global Black Seed Oil Market Drivers

  • Black Seed Oil's Health Benefits to Drive Growth

Black seed oil's popularity is on the rise because of the numerous health benefits it provides. Black seed oil can help alleviate symptoms of rheumatoid arthritis, asthma, upset stomach, high cholesterol, and high blood pressure, and it can also improve symptoms of rheumatoid arthritis. Consumers are becoming more aware of the importance of caring for their bodies. As a result, they have begun selecting "better-for-you" food ingredients that are both nutritious and risk-free to ingest. In addition, the oil extracted from black seeds can be taken in either capsule or liquid form for consumption. As a result, the numerous positive effects of black seed oil on one's health are likely to be the primary factor propelling the expansion of the target market during the time under consideration.

  • Rising cases of chronic diseases and growing awareness about personal healthcare

It is anticipated that the rising incidence of chronic diseases globally, such as asthma, diabetes, sinusitis, nasal congestion, male infertility, Alzheimer's, heart problems, rheumatoid arthritis, and respiratory infections, will drive demand in the pharmaceutical sector of the market. Because black cumin seeds are a rich source of vitamin B, phosphorous, calcium, copper, and zinc—all of which are significant factors in driving up market demand for black seed oil—they are most likely to be consumed daily as dietary supplements. A growing awareness of the importance of personal care, health and wellness, and the curative effects of oil for both the skin and the body drive significant demand for natural ingredients, which in turn helps the black seed oil market growth to thrive.

Global Black Seed Oil Market Opportunities

  • Efforts made by businesses to create growth prospects in the marketplace

Several businesses are concentrating their efforts on developing organic methods of expansion, such as introducing new products, gaining regulatory permission for those products, and other methods, such as filing patents and holding events. Acquisitions, partnerships, and collaborations were the most common types of inorganic growth strategy activities observed in the market. The expansion of market players’ businesses and their consumer bases have been made possible as a direct result of these actions. Consequently, with the growing demand for black cumin seed oil in the international market, market participants in the black seed oil market share are likely to benefit from lucrative growth prospects in the not-too-distant future.

Global Black Seed Oil Market Restraints

  • Adverse effects of black seed oil

Black seed oil causes skin reactions, dermatitis, and hypotension in a limited percentage of people when applied topically, which may impact consumer acceptance of the product. Furthermore, the inclusion of melanthin, which is poisonous if taken in high amounts, will probably further limit the product's use during the anticipated time range. Lack of consumer awareness of its health benefits, particularly in developing nations like India, may hinder the growth of black seed oil.

Segmentation of The Global Market

The global black seed oil market is divided into six parts based on type, form, application, distribution channel, end-use, and region.

The global market is segmented on type: Organic, Virgin and Refined Oil.

The global market is segregated into Liquid, Capsule, Soft gel and Others based on form. The liquid sector was the market leader and source of the highest revenue share. Black seed oil has been used as medicine to address various medical issues since the dawn of time. Additionally, it is employed in aesthetic procedures. The black seed oil has several applications, leading to increased consumption, which will increase segment demand. Black seed oil's various nutraceutical and medicinal uses are likely to propel segment expansion over the upcoming years. Additionally, organic dietary supplements are anticipated to expand in popularity as the global population embraces a healthy eating pattern, supporting the category expansion.

The market is broken down into Convenience Stores, Drug Stores, Hypermarkets/Supermarkets, Online and Others based on the distribution channel.

Based on application, the global market is segmented into Personal Care and Cosmetics, Pharmaceutical, Nutraceutical, Flavouring and Dressing, Culinary, and Others. The market share that nutrition products accounted for was the largest. The category is anticipated to be driven by the body's daily increasing daily requirement for dietary supplements. This oil is a plentiful source of vitamins and nutrients, strengthening the body's immune system. Consequently, the sector makes the most contribution and is anticipated to expand at the most significant CAGR throughout the projection period.

Applications for personal care and cosmetics are anticipated to increase rapidly. Black seed oil now finds more uses in the cosmetic sector for skin care and hair care, thanks to its antioxidant properties. It protects the skin while enhancing the tone and texture of the skin. High quantities of antioxidants in products made with black seed oil can help shield the skin from damaging free radicals in the environment.

Based on end-user, the global market is bifurcated into Retail and Industrial.

Regional Analysis of the Global Market

According to the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific dominated the market in 2021.

Black Seed Oil Market Regional Analysis

Regional Growth Insights Request Sample Pages

The highest market revenue contribution in 2021—roughly 45% —came from the Asia-Pacific region. China and India, among other nations, are helping to increase market income. The Nigella sativa plant originated in this area. The market is expanding due to improved plant cultivation techniques and more plant cultivation space. Black seed oil is predicted to be used more frequently in pharmaceutical and nutraceutical products, which would boost market revenue. Market trends in the field may also be influenced by the increased customer preference for nutraceutical products over pharmaceutical formulations to treat various ailments. Due to the growing popularity of nutritious foods, including soups, sauces, curries, and bakery items, it is anticipated that the demand for black seed oil will increase significantly during the upcoming years.

Concerning CAGR, Europe is expected to expand the fastest. Germany, the U.K., and France are among the nations that have a beneficial impact on market revenue. The product's increased use has influenced the growth rate in the personal care and cosmetics industries. The popularity of natural remedies for treating illnesses also boosts the growth rate. Additionally, the demand for sports nutrition products and supplements is anticipated to develop as the European population participates in more physical activity and sports, supporting regional market expansion.

Key Players in The Global Market

List of key global black seed oil market manufacturers profiled

  • Safa Honey Company Inc
  • Flavex Inc
  • Henry Lamotte Oil GmbH Inc
  • Kerfoot Group Inc
  • Manish Agro Inc
  • AOS Products
  • Organika Health Products Inc
  • Sabinsa Corporation Inc
  • Sanabio GmbH Inc
  • Z-company Inc

Recent Developments in Some of the Key Players

  • In June 2022, The Nutraceuticals Europe Summit & Expo, held June 15–16, 2022, featured Sabinsa Europe's components, developed by contemporary science and traditional Ayurvedic expertise.

Global Black Seed Oil Market: Segmentation

By Type

  • Organic
  • Virgin
  • Refined

By Form

  • Liquid
  • Capsule
  • Soft gel
  • Others

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Drug Stores
  • Online
  • Others

By Application

  • Nutraceuticals
  • Pharmaceutical
  • Personal Care and Cosmetics
  • Culinary
  • Flavours and Dressing
  • Others

By End-Use

  • Retail
  • Industrial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East & Africa
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