Black Seed Oil Market Size, Share, Opportunities, And Trends By Form (Oil, Capsules), By Application (Personal Care, Hair Care, Fragrances, Pharmaceuticals, Nutraceuticals, Flavoring, Culinary), And By Geography - Forecasts From 2023 To 2028

Black seed oil is a herbal natural ingredient which is sourced from a plant called Nigella sativa, native to Western Asia and Eastern Europe. Due to its potent therapeutic properties, the black seed oil is often used to treat diseases such as (headaches, back pain, high blood pressure, infection, and inflammation). The most popular application for black seed oil is in food, usually as a spice or preservative. It may also be used topically as a lotion or gel, or it may be ingested orally in the form of an oil or powder. The market for black seed oil is categorized into various segments including form, application and geographical location.

Various beneficial bioactive substances and antioxidants are found in black seed oil. It has properties to improve the condition of a person’s skin and hair, lessen inflammation, and help consumers lose weight. Due to the high content of antioxidants and other bioactive substances, black seed oil also provides a lengthy list of scientifically proven health and cosmetic advantages. As a result, growing consumer knowledge of physical fitness, the inclusion of immunity-boosting foods in their daily diets and the rising adoption of a healthy eating lifestyle, will increase demand for black seed oil and spur global market expansion. The growing application of black seed oil in various end-user industries such as cosmetics, personal care, culinary food & beverage and nutraceuticals is also propelling the demand during the projection period.

However, the lack of knowledge regarding the health benefits of black seed oil particularly in emerging economies coupled with the growing incidence of allergies is obstructing the growth of the global market for black seed oil during the analysis period.

During the anticipation period, various health benefits of black seed oil along with rising incidences of chronic diseases will support the growth of the global black seed oil market.

A variety of medical disorders can be treated with black seed oil due to its anti-inflammatory, antiviral, and antibacterial properties. The majority of these advantages are due to thymoquinone, the most prevalent substance in black seed oil. Research shows that the organic compound possesses antibacterial, antioxidant, anti-inflammatory, anti-cancer, and liver- and kidney-protective characteristics that speed up the healing process in a variety of ailments, including acne and systemic disorders like diabetes. As a result, black seed oil has witnessed a surge in application in various food products, functional beverages beauty drinks and healthcare supplements which is driving the growth of the market.

Black seed oil is rich in vitamins, minerals and antioxidants such as copper, vitamin B, zinc, phosphorous, calcium, and folic acid which are extremely beneficial for health. Therefore rising incidences of chronic diseases such as cancer, cardiovascular disorders, diabetes and hypertension are also propelling market demand. According to IDF, in 2021, 537 million individuals had diabetes. According to projections, this number will increase to 643 million by 2030 and 783 million by 2045. Type 2 diabetes is more likely to affect 541 million individuals. In 2021, diabetes claimed 6.7 million lives. According to WHO data, one in six fatalities, or around 10 million deaths, was caused due to cancer in 2020, making it the top cause of death globally. A total of 17.9 million people died due to cardiovascular disorders in 2019 representing 32 per cent of the global death count. Globally, 1.28 billion persons between the ages of 30 and 79 are projected to have hypertension, with the majority residing in low- and middle-income nations.

Various studies have shown that black seed oil's anti-inflammatory and antibacterial properties can help lessen the signs and symptoms of skin disorders such as psoriasis, eczema, vitiligo, and acne. According to one research conducted at the University of Dammam, 58 per cent of respondents who used a lotion containing 10 per cent black seed oil over the course of two months saw beneficial effects from the therapy, including a decrease in breakouts. A small research of 33 vitiligo patients found that statistically significant repigmentation was seen in the individuals' hands, face, and pubic areas after using a topical lotion containing black seed oil. Black seed oil may be able to aid with scalp issues such as dry, flaky scalp or hair loss concerns. As a result, black seed oil is added to several hair care products, such as shampoos and hair conditioners.

Asia Pacific is anticipated to hold a significant black seed oil market share during the forecast period.

Asia Pacific is anticipated to hold a significant market share in black seed oil. This region will witness high growth during the forecast period owing to the high prevalence of chronic diseases such as diabetes, hypertension and heart diseases. Due to rising interest in health and well-being among consumers and rising demand for organic black seed oil, consumers in this region are demanding more and more black seed oil-based products. In addition, consumers are increasingly adopting organic goods, and the food and beverage industry is seeing an increase in black seed oil demand, all of which are contributing to the regional market's expansion. The high prevalence of key market players is also contributing towards the growth of the market in this region. Due to consumers' increasing knowledge of the benefits of healthy and natural goods, the Asia-Pacific market is seeing strong development. The regional market expansion is anticipated to increase as more black seed oil is used in pharmaceutical and nutraceutical products. Moreover, consumer preferences for nutraceutical products over pharmaceutical formulations for the treatment of different ailments may be a factor in the direction of market developments in this field.

Market Key Developments

• In December 2021, a comprehensive personal care line called "Fabessentials®" using black seed oil was introduced by Fabindia, one of India's most well-known companies for organically produced, traditional goods. The Fabessentials® product collection is filled with skincare, haircare, body and bath, aromatherapy, and gift packages, all of which are made with pure, sustainable, and natural ingredients.
• In October 2022, American black seed oil manufacturer TriNutra announced the approval of a US patent protecting its ThymoQuin ingredient. The patent demonstrates the synergistic effects of thymoquinone and omega-3 fatty acids to promote good inflammatory responses ThymoQuin is a supplement that comprises thymoquinone from black seed oil and other sources, as well as omega-3 in a variety of forms.

Segmentation:

• By Form
  • Oil
  • Capsules
• By Application
  • Personal Care
  • Hair Care
  • Fragrances
  • Pharmaceuticals
  • Nutraceuticals
  • Flavoring
  • Culinary
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others