Black seed oil market is anticipated to grow at a CAGR of 6.5% during the forecast period. Black seed oil is a supplement extracted from the seeds of Nigella sativa, a flowering plant that grows in Asia, Pakistan, and Iran. The black seed oil contains the phytochemicals thymoquinone, which can act as an antioxidant. Antioxidants detoxify harmful chemicals in the body called free radicals. The increasing use of black seed oil for various medicinal benefits such as curing several ailments including diabetes, cholesterol, asthma, and others is supporting to drive the market growth. These lifestyle chronic diseases are a major challenge across the globe. According to the Centers for Disease Control and Prevention (CDC), around 37.3 million people in the US have diabetes, which is around 11.3% of the US population, and around 96 million people aged 18 years or older have prediabetes. Black seed oil improves insulin production and blood sugar, thereby supporting curing disease. Therefore, the increasing prevalence of chronic diseases, such as diabetes contributes to the market growth during the forecast period.
The global black seed oil market is segmented based on form type and application. Based on the form type, the market is segmented into capsule and oil. Based on the application, the market is segmented into personal care & cosmetics, pharmaceuticals, nutraceutical, flavouring & dressing, and others. The above-mentioned segments can be customized as per the requirements. Based on the form type, the oil segment is anticipated to hold a significant share in the global black seed oil market. The rising demand from various applications such as cosmetic products, body lotions, face washes, drug manufacturing, functional foods, and others is supporting the growth of the oil segment. In addition, the easy mixability and formulation also encourage the growth of the segment. The black seed oil-based products support hydrating skin and prevent acne and unwanted blemishes, and other problems. It also supports reducing the fine lines on the face and wrinkles owing to its anti-ageing properties. Most of the anti-ageing and cosmetics products are used by adults. According to the United Nations (UN) in 2019 there were around 704 million people aged 65 years or more across the globe. This number is anticipated to double to 1.5 billion in 2050. Hence, the increasing ageing population across the globe is expected to further propel the black seed oil segment as it is used in many cosmetics products.
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Market Coverage
- Market number available for – 2022-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Black Seed Oil Market Segmentation
Black Seed Oil Market by Form Type
- Capsule
- Oil
Black Seed Oil Market by Application
- Personal Care and Cosmetics
- Pharmaceuticals
- Nutraceutical
- Flavoring and Dressing
- Culinary
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- AOS Products Pvt. Ltd
- Biopraep
- HalalEveryday
- Healths Harmony Usa Supplements LLCLlc
- Inlife Healthcare
- Life Extension Foundation Buyers Club, Inc.
- Manish Agro
- Naturoil Food And Chemical Industry Trade Ltd. Co.
- Nuverus Usa Inc.
- Safa Honey Company
- Sanabio
- The Black Seed Co.
- Z-Company
- Zhou Nutrition
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