The global black seed oil market size reached US$ 18.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.61 Billion by 2028, exhibiting a growth rate (CAGR) of 7.20% during 2023-2028. The rising health consciousness among the masses, the rising adoption of home remedies among the masses, and the utilization of nano emulsification technique represent some of the key factors driving the market.
|Market Size in 2022
||US$ 18.5 Billion
|Market Forecast in 2028
||US$ 28.61 Billion
|Market Growth Rate (2023-2028)
Black seed oil refers to a natural substance extracted from the seeds of the flowering shrub Nigella Sativa. It is commercially produced in multiple steps, including mechanical grinding, cold-pressuring, filtering, and bottling. It is rich in vitamins A and E, calcium, iron, fatty acids, bioactive compounds, and antioxidants, such as thymoquinone. Black seed oil is widely used in cooking, dietary supplements, topical applications, aromatherapy, pet food, insect repellents, and personal care products. It offers a unique taste and aroma, which enhances flavors and adds depth and complexity to dishes. It also provides nourishing and moisturizing properties, which aid in reducing inflammation, improving skin health, soothing irritations, and minimizing the appearance of fine lines and wrinkles. As a result, black seed oil finds extensive applications across the food and beverage (F&B), pharmaceuticals, nutraceuticals, personal care, and cosmetics industries.
Black Seed Oil Market Trends:
The rising health consciousness among the masses is one of the primary factors propelling the market growth. Black seed oil is widely consumed as it assists in strengthening immunity, improving respiratory health, supporting metabolism, lowering cholesterol levels, increasing insulin sensitivity, boosting cognitive function, preventing weight gain, and alleviating the symptoms of menstrual cramps, bloating, depression, and anxiety. In addition to this, the increasing incidences of chronic conditions, such as cancer, obesity, diabetes, hypertension, respiratory ailments, and cardiovascular diseases (CVDs), is acting as another growth-inducing factor. Furthermore, the rising adoption of home remedies among the masses is facilitating product demand as it aids in wound healing, relieves nasal congestion, reduces infection, and prevent allergies. Additionally, the utilization of the nano emulsification technique to improve the oral bioavailability of black seed oil, thus increasing its therapeutic effect and absorption into the body, is positively influencing the market growth. Apart from this, the increasing product application in cosmetics and personal care products, such as lotions, moisturizers, soaps, shampoos, face masks, lip balms, and anti-aging creams, are providing a thrust to the market growth. Moreover, the widespread product utilization as a flavoring and seasoning agent in curries, stews, salads, sauces, marinades, bread, cakes, and pastries is favoring the market growth. Other factors, including easy product availability across e-commerce platforms, rising investment in the research and development (R&D) of advanced production methods, and the growing demand for organic products, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global black seed oil market report, along with forecasts at the global, regional, and country levels for 2023-2028. Our report has categorized the market based on product and application.
- Powder, Tablets and Capsules
The report has provided a detailed breakup and analysis of the black seed oil market based on the product. This includes oil, powder, tablets and capsules, and softgel.
- Personal Care and Cosmetics
- Flavoring and Dressing
A detailed breakup and analysis of the black seed oil market based on the application has also been provided in the report. This includes personal care and cosmetics, pharmaceuticals, nutraceutical, flavoring and dressing, and culinary. According to the report, nutraceutical accounted for the largest market share.
- North America
- United Kingdom
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for black seed oil. Some of the factors driving the Asia Pacific black seed oil market included rising expenditure capacities of consumers, increasing health consciousness, and significant technological advancements.
The report has also provided a comprehensive analysis of the competitive landscape in the global black seed oil market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Amazing Nutrition, BioPräp, ConnOils LLC, FLAVEX Naturextrakte GmbH, Kerfoot Group (Avril Group), Life Extension, NuVerus USA Inc, Sabinsa Corporation, TriNutra, Ltd., Z-Company, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Black Seed Oil Market Report Scope:
|Base Year of the Analysis
| Historical Period
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
||Oil, Powder, Tablets and Capsules, Softgel
||Personal Care and Cosmetics, Pharmaceuticals, Nutraceutical, Flavoring and Dressing, Culinary
||Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amazing Nutrition, BioPräp, ConnOils LLC, FLAVEX Naturextrakte GmbH, Kerfoot Group (Avril Group), Life Extension, NuVerus USA Inc, Sabinsa Corporation, TriNutra, Ltd., Z-Company, etc.
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the global black seed oil market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global black seed oil market?
- What is the impact of each driver, restraint, and opportunity on the global black seed oil market?
- What are the key regional markets?
- Which countries represent the most attractive black seed oil market?
- What is the breakup of the market based on the product?
- Which is the most attractive product in the black seed oil market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the black seed oil market?
- What is the competitive structure of the global black seed oil market?
- Who are the key players/companies in the global black seed oil market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the black seed oil market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global black seed oil market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the black seed oil industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.