Black Seed Oil Industry Overview
The global black seed oil market size was estimated at USD 18.0 million in 2021 and is expected to expand at a CAGR of 7.2% from 2022 to 2028.
The rising need to boost the immunity system, increasing consumer awareness, and the busy lifestyle of citizens are expected to promote market growth over the next few years. Consumer awareness of physical fitness and adoption of a healthy dietary lifestyle is driving consumer interest to include immunity-boosting elements in their daily diet, which will enhance the demand for black seed oil and encourage market growth. The remarkable features of black seed oil, such as its high content of copper, vitamin B, zinc, phosphorous, calcium, and folate, are anticipated to make it ideal for use as a daily dietary supplement, boosting demand for the product. Increased cases of chronic diseases and lifestyle disorders such as cholesterol, Alzheimer’s disease, diabetes, heart difficulties, obesity, blood pressure, and others are predicted to shift consumer attention to organic therapies for addressing these conditions, boosting the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Black Seed Oil Market
Black seed oil is extracted from Nigella Sativa seeds. The plant is also called black caraway, black cumin, nigella, or kalonji and can be offered as oil, powder, tablets, capsules, and soft gel. Nigella sativa is majorly cultivated in Southwest & Western Asia, the Middle East, North America, and Eastern Europe. Due to increased product demand from various applications such as medicine, cosmetic product formulations such as facial creams, face washes, body washes, body lotions, and functional foods, the black seed oil is likely to see significant growth throughout the forecast period. The simplicity of formulation and miscibility in diverse components are two factors that contribute to black seed oil’s widespread use in a range of applications.
Furthermore, rising consumer awareness of the long-term negative effects of chemical-based products on human skin and scalp, as well as the rising prevalence of skin issues such as inflammation, acne, and psoriasis, is promoting the use of natural components such as black seed oil and boost the market growth in upcoming years. Pharmaceutical firms’ increased attempts to limit the use of chemical-based ingredients in various medicine formulations could encourage the use of organically derived substances such as black seed oil in drug manufacture, hence increasing sales. However, a lack of consumer understanding of the product’s health advantages, particularly in developing countries, may hamper the market’s expansion.
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Key Companies Profile
Some of the prominent players in the black seed oil market include:
- TriNutra, Ltd.
- Z-COMPANY
- The Kerfoot Group Limited
- Sabinsa Corporation
- FLAVEX Naturextrakte GmbH
- Amazing Nutrition
- Safa Honey Co.
- ConnOils LLC
- SanaBio GmbH
- Manish Agro
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