Black Cumin Seed Oil Market: Global Industry Analysis and Forecast (2023-2029)

Global Black Cumin Seed Oil Market reached a value of US$ 19.33 Mn. in 2022. The global market is expected to grow at a CAGR of 8.3% during the forecast period. The market is expected to reach a value of US$ 33.79 Mn. by 2029.
Black Cumin Seed Oil Market Overview:
Black cumin seed oil, commonly known as black seed, Nigella sativa, or Kalonji, is a southeastern Asian and North American native. With a peppery flavor and aroma reminiscent of black pepper, onions, and oregano, black cumin seed oil has gained popularity in curries, soups, vegetables, and meat dishes in Indian and Middle Eastern cuisine.

Furthermore, black cumin seed oil contains numerous health and wellness properties, including antibacterial, analgesic, antifungal, anti-inflammatory, antioxidant, antiviral, anti-hypertensive, insulin-sensitizing, and more. Black seed oil is a supplement commonly used in alternative medicine to treat several ailments. According to current studies, black seed oil can help with asthma treatment, weight loss, and lowering blood sugar and cholesterol levels.To know about the Research Methodology :- Request Free Sample Report
Black Cumin Seed Oil Market Dynamics:
In several industries, such as pharmaceuticals and food, there is a growing demand for black cumin seed oil:

Black seed oil is a supplement that is commonly used in alternative medicine to treat several ailments. Black seed oil can assist with asthma treatment, weight loss, and blood sugar and cholesterol levels drop. Apart from that, Black seed oil supplements are used by some people to treat a variety of ailments, including arthritis, allergies, asthma, diabetes, and maintaining a healthy weight.

While some studies back up health claims, the majority are minor and require additional research. Black seed interacts with sedative medicines (CNS depressants). Sleepiness and slower breathing are possible side effects of black seed. Sedatives, or sleep aids, can also produce drowsiness and slower breathing.

However, Black seed oil can be taken as a capsule or as a liquid. Because of its strong flavour, it may use to dilute the oil with honey or lemon juice before consuming it. It's frequently briefly roasted before being ground or used whole in bread or curry recipes to add flavour. The seeds can also be eaten uncooked or mixed with honey or water. They're also good in oatmeal, smoothies, and yoghurt. This enhancement of the product into the food is a major factor for driving the growth of the market.

The presence of melanin in items can be hazardous, and there is a lack of awareness among the general public:

The presence of toxic melanin in products, a lack of public awareness about the product and the availability of potential substitutes, and personal care products causing allergy in some people when applied directly to the skin are all factors that could limit the black cumin seed oil market's growth.

Certain individuals are sensitive to black seed, which can result in rashes. It can also induce bloating, vomiting, and constipation. When applied to the skin, black seed oil or gel may be harmless if used for a short period. Some people may experience allergic rashes as a result of it. Owing to these factors it is hampering the growth of the market.

Exports of cosmetics and personal care products are increasing in seed oil which is giving a huge opportunity for the market:

Citrus, lavender, eucalyptus, tea tree, and other flower oils are among the high-valued essential oils used as perfumes, while linalool, geraniol, limonene, citronellol, and citral are popular scent components used in various cosmetics. While talking about the export value of cosmetic products in black cumin seed oil, France was the world's biggest cosmetics exporter. In that year, the trade value of cosmetics shipped from France was almost $19.95 billion US dollars.
Black Cumin Seed Oil Market Segment Analysis:
By Application, the market is segmented into Personal Care & Cosmetic, Pharmaceuticals, Flavouring and Dressing, Culinary and Others. The Personal Care & Cosmetic segment is expected to hold 29.6% of the overall market share in terms of revenue by 2029. This is due to the high concentration of antioxidants in these products, which can help protect the skin from dangerous environmental radicals.

However, the Pharmaceuticals segment is expected to grow at a CAGR of 8.4% during the forecast period. This is due to a surge in demand for natural-ingredient medications, as well as the increased prevalence of ailments such as asthma, allergies, headaches, diabetes, and a variety of others.

The industry is growing due to the health benefits provided by black seed oil. Furthermore, the growing body of research supporting black seed's role in lowering the size of tumours in rats is projected to boost the market growth.By Distribution Channel, the Black Cumin Seed Oil Market is segmented into Speciality stores, Online, Supermarkets, and Others. The Speciality Store segment is expected to hold 35.6% of the overall market share in terms of revenue by 2029. The segment’s growth was driven by favourable demographics and an increase in interest in healthy oil options. Customers can inspect and compare items in stores before purchasing them, and they can take immediate control of them.

However, the online segment is expected to grow at a CAGR of 9.4% during the forecast period. After the COVID-19 pandemic, people used to prefer less connectivity with the people and thus the sale of online sales has been increased and thus this segment is expected to give lucrative growth for the black cumin seed oil market.
Regional Insights:
Asian countries such as India, Indonesia, Singapore, Malaysia, Sri Lanka, and others lead the black cumin seed oil market as the top exporters and manufacturers, followed by North America and Europe. Countries such as the United States, Germany, the United Kingdom, China, Saudi Arabia, France, and others have seen the majority of imports. Because of the increasing economies of India and China, Asia will continue to be a prospective market. Furthermore, the market for black cumin seed oil has a lot of potential because of its many applications.

The Asia Pacific region is expected to grow at a CAGR of 7.5% during the forecast period, owing to increased black seed cultivation, which provides a steady supply of raw materials for black seed oil manufacturing in the region. Additionally, the growing movement in consumer preference for Nutraceuticals goods over pharmacological formulations for the treatment of various ailments may drive market trends in the region. Over the assessment period, rising demand for black seed oil is predicted in the region due to the rising consumption of functional meals such as curries, soups, sauces, and bakery goods enriched with natural ingredients.

The objective of the report is to present a comprehensive analysis of the global market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Black Cumin Seed Oil Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
8.3%
US$ 19.33 Mn
US$ 33.79 Mn


Segments Covered


by Distribution Channel
Specialty Store
Online
Supermarkets
Others
by Application
Personal Care & Cosmetic
Pharmaceuticals
Flavouring and Dressing
Culinary
Others
by Product Type
Food Grade
Cosmetic Grade


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. The Blessed Seed
2. Z-Company
3. Hab Shifa
4. Organika Health Products Inc.
5. Complete Capsules
6. Manish Agro, Inc.
7. AOS Products
8. Sabinsa Corporation, Inc.
9. Kerfoot Group, Inc.
10.Flavex, Inc.
11.Amazing Nutrition, Inc.
12.Safa Honey Company, Inc.
13.Sanabio GmbH, Inc.
14.Henry Lamotte Oils GmbH
15.Life Extension

Frequently Asked Questions:

1] What segments are covered in the Black Cumin Seed Oil Market report?
Ans. The segments covered in the Black Cumin Seed Oil Market report are based on Application and Distribution channels.

2] Which region is expected to hold the highest share in the Black Cumin Seed Oil Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Black Cumin Seed Oil Market.

3] What is the market size of the Black Cumin Seed Oil Market by 2029?
Ans. The market size of the Black Cumin Seed Oil Market is expected to be 33.79 Mn. by 2029.

4] What is the forecast period for the Black Cumin Seed Oil Market?
Ans. The forecast period for the Black Cumin Seed Oil Market is 2023-2029.

5] What was the market size of the Black Cumin Seed Oil Market in 2022?
Ans. The market size of the Black Cumin Seed Oil Market in 2022 was US$ 19.33 Mn.