USD 19.30 billion
Black Seed Oil Market Size, Share, Growth Analysis, By Application(Dietary supplements, personal care and cosmetics, pharmaceuticals, and others), By Product type(Cold-pressed black seed oil, refined black seed oil, organic black seed oil, and others), By Distribution channel(Online retail, supermarkets, hypermarkets, health stores), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30K2019 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
94
|Figures:
77
Black Seed Oil Market Insights
Global Black Seed Oil Market size was valued at USD 19.30 billion in 2022 and is poised to grow from USD 20.69 billion in 2023 to USD 36.08 billion by 2031, growing at a CAGR of 7.20% during the forecast period (2024-2031).
Black Seed Oil is becoming popular since It Is used for medicinal and cosmetic purposes. The various advantages offered by black seed oil are anti-inflammatory properties, antioxidant properties, skincare benefits, potential immune system support, and potential cardiovascular benefits.
One of the potential advantages of the black seed oil is its anti-inflammatory properties, which have been shown to help reduce inflammation in the body. Chronic inflammation has been linked to a range of health conditions, including arthritis, which is a common joint disorder characterized by inflammation in the joints. By reducing inflammation, black seed oil may help to alleviate symptoms associated with arthritis, such as pain and stiffness. The anti-inflammatory effects of black seed oil are believed to be due to the presence of certain compounds, such as thymoquinone and thymol hydroquinone, which have been shown to have strong anti-inflammatory properties. These compounds may work by inhibiting the production of pro-inflammatory molecules in the body, which can help to reduce the overall level of inflammation.
It has high antioxidant content, which can help to protect the body against damage from free radicals. Free radicals are unstable molecules that can cause cellular damage and have been linked to a range of health conditions, including cancer, heart disease, and Alzheimer's disease. Antioxidants work by neutralizing free radicals, which helps to prevent cellular damage and reduce the risk of chronic diseases. Black seed oil contains a range of antioxidants, including thymoquinone, thymohydroquinone, and thymol, which have been shown to have strong antioxidant properties. The antioxidant properties of black seed oil may also have benefits for skin health. Free radicals can cause damage to skin cells, leading to premature aging, wrinkles, and other skin conditions. By neutralizing free radicals, the antioxidants in black seed oil may help to prevent or reduce the appearance of these skin conditions.
US Black Seed Oil Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
refined black seed oil
Fastest Growth
refined black seed oil
Growth Rate
7.20% CAGR
Global Black Seed Oil Market ($ Bn)
Country Share for Middle East and Africa Region (%)
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Black Seed Oil Market Segmental Analysis
Global Black Seed Oil Market is segmented on the basis of Product type, distribution channel, application, and region. By Product type, the market is segmented into Cold-pressed black seed oil, Refined black seed oil, Organic black seed oil, and others. By Application, the Black Seed Oil Market is segmented into Dietary supplements, personal care and cosmetics, Pharmaceuticals, and others. By Distribution channel, the Black Seed Oil Market is segmented into immune Online retail, supermarkets, hypermarkets, health stores, and others. By region, the Black Seed Oil Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Black Seed Oil Market Analysis by Application
In the global black seed oil market, the dietary supplements application segment is recognized as the leading segment. This is mainly because black seed oil is frequently ingested in the form of soft gels, capsules, or added to food and drinks as a dietary supplement owing to its health-promoting properties.
The cosmetics and personal care application segment is observed as the most rapidly growing segment in the black seed oil market. This can be attributed to the rising trend of utilizing natural and organic products in the cosmetics and personal care sector, along with the growing awareness of the potential advantages of black seed oil in improving skin and hair health.
Global Black Seed Oil Market By product type
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Black Seed Oil Market Regional Insights
One of the significant regions that produce and consume black seed oil is the Middle East and Africa. However, there is also an increasing demand for black seed oil in other regions such as North America and Asia Pacific. The Asia Pacific region is expected to see substantial growth in the market due to the rising popularity of natural remedies and the increasing awareness of black seed oil's potential health benefits.
Global Black Seed Oil Market By Region
- Largest
- Fastest
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Black Seed Oil Market Dynamics
Black Seed Oil Market Drivers
Growing Availability is Bolstering Black Seed Oil Demand
- The growth of e-commerce and online marketplaces has facilitated wider accessibility and availability of black seed oil to consumers. This convenience has played a significant role in the expansion of the market as consumers can conveniently purchase black seed oil from their homes.
Black Seed Oil Market Restraints
Lack of Standardization to Hinder Market Growth
- The quality and composition of black seed oil may differ based on its source and method of production, which can create inconsistencies within the industry. The lack of uniformity can create confusion among consumers, making it challenging for them to understand the product they are purchasing and may impact its effectiveness.
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Black Seed Oil Market Competitive Landscape
The market for black seed oil is highly competitive, with many companies striving to capture a share of the market. This market is made up of both large and small manufacturers, suppliers, and distributors. The global demand for black seed oil has been increasing, as consumers become more aware of the potential health benefits of natural and organic products.
One of the main factors driving competition in the black seed oil market is the focus on product quality and purity. Consumers demand pure, high-quality black seed oil free from contaminants and additives. This has resulted in a focus on quality control and testing among manufacturers and suppliers.Another factor contributing to competition is the use of innovative marketing strategies. Companies use social media and other digital marketing channels to reach a broader audience and promote the health benefits of black seed oil. In addition, some companies differentiate themselves by offering organic or cold-pressed black seed oil, which is perceived to be of higher quality and purity.
Pricing, availability of raw materials, and regulatory requirements are other factors that influence the black seed oil market. Some companies may offer low-priced products to capture market share, while others prioritize using high-quality raw materials to produce premium black seed oil products.
Overall, the competitive scenario in the black seed oil market is dynamic and constantly evolving. Companies strive to offer high-quality, pure products that appeal to a growing customer base interested in natural and organic products.
Black Seed Oil Market Top Player’s Company Profiles
- Henry Lamotte Oils GmbH
- Flavex Naturextrakte GmbH
- Life Extension
- Amazing Herbs
- BioPraep
- Hemani Herbals
- Pure Naturals
- Sweet Sunnah
- Z-company BV
- Madre Nature
- Kerfoot Group Ltd.
- KAZIMA Perfumers
- Nature's Blends
- Amazing Nutrition
- HalalEveryday
- Black Seed Herbal Industries
- Sanabio GmbH
- Hab Shifa
- The Blessed Seed
- Nigella Sativa Oil Company
Black Seed Oil Market Recent Developments
- In February 2023, Australia's top natural health company, Blackmores, introduced its Ultra Refined Black Seed Oil to the Indian market, marking its debut in the region. The company's goal is to offer individuals a natural means of enhancing their health and well-being through its product.
Black Seed Oil Key Market Trends
- There is a growing trend of consumers being environmentally conscious and considering the impact of the products they use. As a result, some companies are prioritizing sustainable sourcing and production methods for black seed oil to appeal to these consumers who are concerned about environmental issues.
Black Seed Oil Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
Our analysis of the global black seed oil market indicates that it is expected to experience significant growth during the forecast period due to its numerous potential benefits. These benefits include anti-inflammatory and antioxidant properties, skincare benefits, potential immune system and cardiovascular support, and a growing market. The market is also expanding due to the increased availability and accessibility of black seed oil through e-commerce and online marketplaces.
However, there are concerns regarding the lack of standardization in the industry. This lack of uniformity can create confusion among consumers and make it challenging for them to understand the product they are purchasing, which may ultimately impact its effectiveness.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 19.30 billion |
| Market size value in 2031 | USD 36.08 billion |
| Growth Rate | 7.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Black Seed Oil Market Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Black Seed Oil Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Black Seed Oil Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Black Seed Oil Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Black Seed Oil Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Black Seed Oil Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Black Seed Oil Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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