Black Seed Oil Market Size By Form Type (Capsule, Oil), By Application (Personal Care & Cosmetics [Skin care, Hair care, Fragrances], Pharmaceuticals, Nutraceutical [Food supplement/Dietary supplement, Functional Food], Flavoring & Dressing, Culinary), Industry Analysis Report, Country Outlook Application Development, Price Trends, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027

Published Date: May 2021  |  Report ID: GMI3085  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 260   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry trends

Black Seed Oil Market size exceeded USD 17.5 million in 2020 and is estimated to register over 7.9% CAGR between 2021 and 2027. Increasing consumer awareness regarding physical fitness and growing adoption of a healthy dietary lifestyle has driven consumer attention towards the inclusion of immunity-boosting ingredients in their daily diet, which should in turn boost the demand for black seed oil and foster the market growth.
 

Black Seed Oil Market

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Black seed oil is the oil extracted from the seeds of Nigella sativa, a plant which is mainly cultivated in Southwest Asia and some parts of the Middle East. It possesses medicinal properties and can be used as an effective remedy for curing several ailments including diabetes, cholesterol, asthma, rheumatoid arthritis, respiratory infections, etc.
 

Remarkable properties of black seed oil such as rich source of vitamin B, copper, calcium, zinc, phosphorous and folate are likely to make it an ideal choice for consumption as a daily dietary supplement, thus driving the black seed oil market demand. Increasing instances of chronic diseases and lifestyle disorders such as diabetes, blood pressure, cholesterol, Alzheimer’s disease, heart problems, obesity, etc. are expected to further drift consumer focus towards organic remedies for curing these ailments, thus propelling the market growth over the review period. Moreover, rising prevalence of skin problems such as acne, inflammation and psoriasis among people coupled with growing consumer awareness regarding the long-term undesirable effects of chemical-loaded products on human skin and scalp should further promote the use of natural ingredients such as black seed oil in cosmetic products and augment the industry landscape during the forecast period.  
 

However, the direct contact of black seed oil with human skin through its topical application have proven to have adverse effects such as skin allergies, dermatitis and hypotension among few individuals, which may reduce the rate of acceptance of the product among consumers. Moreover, presence of melanthin which is toxic in nature if consumed in large quantities is likely to further restrict the product usage over the forecast timeframe. Lack of consumer awareness regarding the health benefits of the product, especially among developing nations of the world may further hamper growth of the black seed oil market.  
 

Black Seed Oil Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:17.63 Million (USD)
Forecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:7.9%
2027 Value Projection:30 Million (USD)
Historical Data for:2016 to 2020
No. of Pages:260
Tables, Charts & Figures:402
Segments covered:Form, Application
Growth Drivers:
  • Asia Pacific: Growing product demand in functional foods is likely to simulate industry growth.
  • North America: Growing product demand in pharmaceutical industry.
  • Europe: Increasing cosmetics & personal care exports and Rise in organic ingredients demand due to strict EU regulations regarding limiting synthetic chemical usage
  • Europe: Growing product demand in cosmetics along with growing consumption of natural ingredients in skin care applications
Pitfalls & Challenges:
  • Lack of research about possible side effects of black seed oil.

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Ease of formulation and rising demand from different applications including drug manufacturing, cosmetic formulations, functional foods, etc. to stimulate the black seed oil market forecasts

Global Black Seed Oil Market

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Black seed oil is available either in the form of capsules or oil. Black seed oil is expected to bolster remarkable growth over the assessment period owing to rising product demand from different applications including drug manufacturing, formulations of cosmetic products such as facial creams, body lotions, face washes, body washes, functional foods, etc. The high rate of consumption of black seed oil in a variety of applications can be attributed to the ease of formulation and its ease of miscibility in different ingredients.
 

Increasing efforts by pharmaceutical companies to reduce the incorporation of chemical-based ingredients in various drug formulations should give vent to the use of naturally derived ingredients such as black seed oil in manufacturing drugs, thus boosting the market share.
 

Growing intake of dietary supplements and potential of black seed oil to clear viral infection and reduce severity of symptoms of COVID-19 to escalate product demand from nutraceutical application

Global Black Seed Oil Market

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Increasing consumer awareness regarding the ill effects of consumption of chemical-loaded drug formulations is likely to boost the demand for herbal formulations for treating health disorders, which should in turn raise the black seed oil market demand. Moreover, increasing adoption of healthy dietary pattern by the global population is likely to promote the consumption of organic dietary supplements, thus propelling the market statistics over the forecast period.
 

Furthermore, the sudden outbreak of the COVID-19 pandemic has urged consumers to look for immunity-fortifying supplements with a view to strengthen their resistance to infectious pathogens, which should further augment the market outlook over the review period. Extensive research and clinical trials have shown that a mixture of honey and black seed oil (HNS) when consumed as a supplement can aid in clearance of the COVID-19 viral infection and reduce severity of COVID-19 symptoms owing to its anti-viral and anti-inflammatory properties. Potential use of black seed oil as a nutritional supplement especially in the wake of COVID-19 is projected to offer promising opportunities for the growth of the market. Black seed oil market from the nutraceutical application is expected to reach over USD 13.75 Million by 2027.    
 

Ample black seed production coupled with growing demand for natural ingredients from functional foods is likely to augment the Asia Pacific black seed oil market expansion

Asia Pacific Black Seed Oil Market

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Asia Pacific black seed oil market is expected to register over 7.5% CAGR during the forecast period owing to increasing cultivation of black seed, which ensures ample supply of raw materials for production of black seed oil in the region. Moreover, gradual shift in consumer preference from drug formulations to nutraceutical products for treatment of various diseases should further boost the market trends in the region. Increasing consumption of functional foods such as curries, soups, sauces and bakery products fortified with natural ingredients is expected to raise the demand for black seed oil in the region over the assessment period. Furthermore, increasing sports and physical fitness activities being carried out by the population of Asia Pacific is expected to raise the demand for sports nutrition products and nutritional supplements, thus promoting the regional market growth.
 

Heavy investment by market players in R&D and technological developments in extraction techniques of black seeds to tighten market competitiveness

Key players operating in the black seed oil market are Sabinsa Corporation, OAS Products, Safa Honey Company, Kerfoot Group, Manish Agro, Sanabio, Z-company, Organika Health Products, Inc, Flavex, Inc. and Amazing An Nutrition, Inc., among others.
 

Companies are engaged in extensive research and development activities to develop technologically advanced techniques for extraction of black seeds in order to improve the yield and quality of the extracted product. Moreover, efforts are in progress to devise methods for determination of linoleic acid content in the extracted black seeds. Market players are also focussing on strategic expansion of their business activities in different geographical regions across the world. For instance, in October 2018, Sabinsa Corporation signed a memorandum of understanding with Japan External Trade Organization (JETRO) to support its expansion plans in Japan. This strategic expansion plan would enable the company to expand its client reach in Japan and increase profits.
 

The Global Black Seed Oils market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons & revenue in USD Million from 2016 to 2027 for the following segments:

By Form

  • Capsules
  • Oil

By Application

  • Personal care & cosmetics
    • Skin care
    • Hair care
    • Fragrances
  • Pharmaceutical
  • Nutraceutical
    • Food supplement/Dietary supplement
    • Functional food
  • Flavoring & dressing
  • Culinary

The above information has been provided for the following countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Switzerland
    • Belgium
  • Asia Pacific
    • China
    • India
    • Japan
    • Thailand
    • Australia
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • Turkey

 

Frequently Asked Questions (FAQ) :

Global black seed oil industry size hit USD 17.5 million in 2020 and could grow at a 7.9% CAGR up to 2027.
Increased consumer preference towards natural and herbal formulations to boost healthy and immunity is driving the demand for black seed oil-based nutraceuticals.
The market for black seed oil in Asia Pacific should witness a CAGR of 7.5% up to 2027 due to growing cultivation of the raw material.
OAS Products, Amazing An Nutrition, Inc., Z-company, Organika Health Products, Inc, Flavex, Inc., Safa Honey Company, Kerfoot Group, and Sabinsa Corporation are among the key providers of black seed oil globally.

Premium Report Details

  • Published Date: May 2021
  • Pages: 260
  • Tables: 374
  • Charts / Figures: 28
  • Companies covered: 18
  • Countries covered: 5

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