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Black Seed Oil Market Trends

  • Report ID: GMI3085
  • Published Date: Nov 2023
  • Report Format: PDF

Black Seed Oil Market Trends

The increasing preference for organic and certified black seed oil products reflects a larger shift in consumer behavior towards health-conscious and sustainable choices. With overall well-being as goal, the individuals are seeking the product for its potential benefits for various health issues. According to a study by McKinsey & Company, over 60% of surveyed consumers prioritize sustainability. Organic black seed oil is cultivated without synthetic pesticides, herbicides, and genetically modified organisms (GMOs), which resonates with consumers looking for natural and chemical-free solutions.
 

Additionally, consumers are scrutinizing product labels, seeking transparency, and demanding clean-label offerings. According to an article by roundup.org in 2023, a substantial 84% of customers are concerned about poor environmental practices, with 55% willing to pay extra for eco-friendly brands, while 75% favor online purchases for sustainable products over in-store shopping. They are drawn to products that are not only effective but also environmentally responsible, as organic farming practices tend to be more sustainable. This places an onus on manufacturers to provide high-quality, certified organic black seed oil to meet the evolving demands of health-conscious consumers.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market size of black seed oil is poised to witness 7.9% CAGR during 2023 to 2032, as the product finds use in various industries, such as pharmaceuticals, cosmetics, and the food & beverage sector.

The nutraceutical application segment is anticipated to experience robust growth during 2023-2032, owing to the increasing health & wellness focus among individuals, along with diverse health benefits of the product.

Asia Pacific market is set to record more than 7.5% CAGR through 2032. There is increasing adoption of herbal and natural products in cosmetics & personal care applications, that enhances the growth prospects for the market players in the region.

Zatik Natural, Amazing Herbs, The Blessed Seed, Majestic Pure, Kerfoot Group, Organika Health Products, and Flavex.

Black Seed Oil Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 402
  • Countries covered: 25
  • Pages: 260
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