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.
Native to Southwest Asia, the Nigella sativa plant is used to produce black seed oil. Renowned for its distinctive flavour and aroma, black seed oil, also known as black cumin seed oil, has garnered recognition for its culinary versatility. It is commonly incorporated into soups, curries, meat dishes, and various other culinary creations. Beyond its culinary uses, black seed oil is valued in natural medicine for its diverse therapeutic properties. These include pain relief, potential cancer prevention, enhancement of insulin sensitivity, and reduction of blood pressure.
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Market Driving Factors:
The Black Seed Oil market is experiencing significant growth driven by several key factors. Firstly, there's a notable increase in awareness regarding the health benefits associated with black seed oil. It's rich in antioxidants, vitamins, and essential fatty acids, making it recognized for its potential to boost immune health, support cardiovascular function, and promote overall well-being. This growing recognition of its health benefits is fuelling the expansion of the market.
The market is successful because consumers' preferences for natural and herbal medicines are growing. Celebrated for its anti-inflammatory, antibacterial, and anti-cancer qualities, black seed oil meets the growing need for plant-based remedies for a range of health issues.
The Black Seed Oil market is also benefiting from its expanding application in the cosmetics and personal care industry, which is propelling market growth. Recognized for its skin-nourishing properties, black seed oil is being incorporated into skincare products due to its moisturizing and anti-aging benefits. This aligns well with the increasing demand for natural and organic beauty solutions, further driving the growth of the market.
Market Trends:
The increasing interest in natural ingredients across various sectors such as pharmaceuticals, food, and personal care is a significant factor driving the growth of the black seed oil market. Black seed oil is sought after for its potential health benefits, including its role in improving the immune system due to its content of unsaturated fats. Additionally, it contains a variety of nutrients and supplements like calcium, phosphorous, copper, and zinc, which support various bodily functions, contributing to its rising global demand.
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Market Segmentations:
On the basis of product:
- Oil
- Powder, tablets, and capsules
- Soft gel
- others
On the basis of application:
- personal care and cosmetics
- pharmaceuticals
- nutraceutical
- flavouring and dressing
- others
Market by Geographically Analysis:
The area that dominated the global market for black seed oil, Asia-Pacific, is expected to develop at a pace of more than 7.5% CAGR over the course of the forecast period because of an increase in black seed farming, which ensures a plentiful supply of raw materials for the region's black seed oil manufacturing. Furthermore, a gradual movement in consumer preferences for the treatment of different illnesses toward nutraceutical products rather than pharmaceutical formulations could reinforce regional market trends.
Leading Companies Involved in this market are:
- Sabina Corporation
- OAS Products
- Safe Honey Company
- Ker foot Group
- Manish Agro
- Sana bio
- Z-company
- Organic Health Products, Inc.
- Flavin, Inc.
- and Amazing a Nutrition, Inc.
- among others.
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