Black Seed Oil Market size to exceed $30mn by 2027
Published Date: May 25, 2021 Authors: Kunal Ahuja, Sonal Singh
Black seed oil market size is set to surpass USD 30 million by 2027, according to a new research report by Global Market Insights, Inc
Growing consumer awareness regarding the importance of health and physical fitness coupled with the increasing trend of ‘going organic’ among consumers should boost the demand for natural ingredients in different applications including drugs, cosmetics, functional foods, nutrition supplements, etc. which should in turn drive the black seed oil industry growth. Moreover, growing consumer knowledge regarding the health benefits of black seed oil such as enhancing immunity, aiding in weight loss and improving digestion, among others is likely to further increase its rate of adoption among consumers for different applications, thus fostering the market demand.
Growing consumer demand for drugs and pharmaceutical formulations with natural ingredients and increasing consumption of dietary supplements to propel the demand for black seed oil in capsule form
Black seed oil market from capsule form was valued at over USD 1 Million in 2020 and is expected to witness healthy growth over the review period owing to the rising product demand from dietary supplement manufacturing application. Changing consumer lifestyle, shift in consumption pattern of individuals and increasing stress levels in life have culminated in the occurrence of increased instances of lifestyle disorders such as diabetes, blood pressure, cholesterol, etc. in the recent years. This is likely to urge people to adopt healthy dietary patterns and focus on daily consumption of nutrient-rich supplements to improve the overall body metabolism, which is expected to promote the growth of the market during the forecasted timeframe.
Browse key industry insights spread across 260 pages with 370 market data tables and 25 figures & charts from the report, “Black Seed Oil Market Statistics 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, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Outstanding properties of black seed oil such as anti-inflammatory, anti-bacterial and antioxidant to drive the black seed oil market from cosmetic and personal care application
Black seed oil possesses remarkable attributes such as anti-inflammatory, anti-bacterial and antioxidant properties, which is likely to make it an ideal fit for use in personal care and cosmetic products such as facial creams, body washes, body lotions and face washes, among others. The cooling and soothing sensation provided by black seed oil to hair and scalp aids in treating several skin and scalp related issues including dry skin, psoriasis, dandruff, itchiness, and uncomfortable feel, etc. The presence of thymoquinone, carvacrol, t-anethole, and 4-terpineol in black seed oil imparts antioxidant and radical scavenging properties to it which aids in protecting the skin from premature signs of ageing such as wrinkles, fine line and dark spots. Its astringent properties help to prevent the buildup of impurities on skin surface, which is likely to raise the product demand from face wash application.
Increasing prevalence of skin and scalp related issues such as dry skin, inflammation, rashes, acne, pimples, dandruff, etc. and rising consumer demand for clean label packaging is compelling cosmetic and personal care product manufacturers to target natural ingredients in product formulations, thus driving the black seed oil market outlook. Moreover, increasing innovations in the product formulations by market players such as incorporation of black seed oil with other emollients such as beeswax to improve skin moisturizing benefits should foster the market statistics over the assessment period. Black seed oil industry from personal care and cosmetic application is expected to reach over USD 8.5 Million by 2027.
Increasing health-conscious population coupled with rising awareness regarding consumption of nutrient-rich supplements to augment the North America black seed oil market demand
North America black seed oil market is expected to reach over USD 4.5 Million by 2027. Growing health consciousness and increasing physical fitness activities in North America is encouraging people to opt for the inclusion of nutrient-rich supplements in their diet, thus boosting the demand for black seed oil. Moreover, increasing desk-bound work culture and sedentary lifestyle has resulted in an increased prevalence of chronic illnesses in the region, thus urging the population to include natural ingredient based dietary supplements in their daily diets, which should raise the product demand and drive growth of the market in the region.
Prominent players operating in black seed oil market are also investing in research and development activities in order to expand their existing product portfolio and manufacture products with improved functional benefits and a reduced cost. Industry players operating in the market includes 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.