Black Seed Oil Market 2022-2028

Title:Global Black Seed Oil Market Size, Share & Trends Analysis Report, By Form Type (Capsule and Oil), By Application (Personal Care & Cosmetics, Pharmaceuticals, Nutraceutical, Flavoring & Dressing, and Others), Forecast Period (2022-2028).

The global black seed oil market is expected to grow at a CAGR of 6.5% during the forecast period. Black seed oil is used for improving immunity, as it contains copper and other important nutrients. The increasing prevalence of flu, virus and other infections caused due to low immunity is supporting the demand for black seed oil. The flu attacks the nose, lungs, and throat. Young children, pregnant women, older adults, and people with chronic disease or weak immune systems are at high risk. These viruses spread when people with flu cough, sneeze, or talk, sending droplets with the virus into the air and potentially into the mouths or noses of people who are nearby. According to the Centers for Disease Control and Prevention (CDC), has resulted in 9 million - 41 million illnesses, around 12,000 to 52,000 mortalities annually between 2010 and 2020, and in 2021 around 124,303 people in the US tested positive for influenza. These cases result in driving the demand for black seed oil which improves the immune system to fight these viruses and prevent the body from diseases.

The global black seed oil market is segmented based on form type and application. Based on the form type, the market is segmented into capsule and oil. Based on the application, the market is segmented into personal care & cosmetics, pharmaceuticals, nutraceutical, flavoring & dressing, and others. The above-mentioned segments can be customized as per the requirements. Based on application, the nutraceuticals segment is anticipated to hold a significant share in the global black seed oil. Owing to the rising awareness about various health benefits of nutraceuticals for many diseases and improving overall health, coupled with the increasing awareness and use of organic ingredients rather than chemical-based ingredients are significantly contributing to the growth of the black seed oil market during the forecast period. Nutraceutical supplements protect against chronic diseases and support increasing life expectancy, delay the ageing process, improve health, and also support the function of the body, as nutraceutical supplements are derived from natural sources such as blacks seed. According to the National Library of Medicine (NIH), in 2020 there was a 44% increase of around $435 million in sales of nutraceutical supplements post-pandemic in the US. Hence, the demand for black seed oil is increasing as it is used in supplements owing to the phytochemical thymoquinone, which can act as an antioxidant.

The global black seed oil market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Asia-Pacific is anticipated to hold a significant share in the black seed oil market during the forecast period, owing to rising incidences of various skin problems such as acne, atopic dermatitis, wrinkles, early signs of aging, and others in the region. This, in turn, is expected to drive the demand for black seed oil, as it supports reducing acne symptoms, improving skin moisture and hydration, reducing psoriasis plaques and others. According to National Eczema Association, around 13% of Asia-Pacific region people have eczema (Atopic Dermatitis) problem also called skin inflammation. This is expected to accelerate the demand for black seed oil, which can support the prevention of these diseases

The major companies serving the global black seed oil market include Amazing Nutrition, FLAVEX Naturextrakte GmbH, Sabinsa Corp., The Kerfoot Group Ltd., and TriNutra Ltd. The market players are contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, and new product launches, to stay competitive in the market.

Research Methodology

The market study of the global black seed oil market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Black Seed Oil Market Research and Analysis by Form Type
• Global Black Seed Oil Market Research and Analysis by Application

The Report Covers:

• Comprehensive research methodology of the global black seed oil market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global black seed oil market.
• Insights about market determinants that are stimulating the global black seed oil market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.