Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 33.2 Million | USD 40.87 Million | 2.1% | 2024 |
The global black seed oil market size was worth around USD 33.2 Million in 2024 and is predicted to grow to around USD 40.87 Million by 2034 with a compound annual growth rate (CAGR) of roughly 2.1% between 2025 and 2034.
The report analyzes the global black seed oil market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the black seed oil industry.
The use of black seed oil helps in preventing sinuses & respiratory airways and microbial infections. Apart from this, thymoquinone is a key bioactive ingredient of black seed oil, which is also referred to as Nigella Sativa, and possesses anti-inflammatory, antioxidant, and anticancer features. Black seed oil demonstrates huge therapeutic potential for treating sinusitis and provides antihistaminic, analgesic, and immune-modulating effects.
Additionally, the product also helps patients affected by coryza, headache, toothache, nasal congestion, and neck pain. Nevertheless, the product also proves helpful in treating asthma and offers myriad kind of health benefits like reduction of blood sugar, alleviation of cholesterol levels, weight loss, and brain health protection.
Escalating demand for natural constituents in myriad industries like pharmaceuticals, personal care, and food will steer the growth of the black seed oil industry over the estimated timespan. Apart from this, black seed oil is the best source of unsaturated fatty acids that help enhance the digestive ability of individuals along with improving the body's immunity. This, in turn, will embellish the market growth over the forecasting years.
Furthermore, escalating utilization of high-quality natural items in bakery, functional diet, and nutraceutical items containing β-pinene, thymoquinone, α-pinene, p-cymene, α-thujene, carvacrol, and longifolene will result in commendable growth for black seed oil industry over the forecast timespan. Nevertheless, applying the personal care products can cause allergy to individuals if applied directly on the skin due to the presence of melanin and this can hinder the market growth in the coming years.
The global black seed oil market is segmented based on Application, Type, and region.
Based on Application, the global black seed oil market is divided into Nutraceuticals/Supplements, Cosmetics & Personal Care, Food & Beverage, Medicinal, Others.
On the basis of Type, the global black seed oil market is bifurcated into Conventional, Organic.
Report Attributes | Report Details |
---|---|
Report Name | Black Seed Oil Market |
Market Size in 2024 | USD 33.2 Million |
Market Forecast in 2034 | USD 40.87 Million |
Growth Rate | CAGR of 2.1% |
Number of Pages | 110 |
Key Companies Covered | TriNutra Ltd, Z-Company BV, Sabinsa Corporation, FLAVEX Naturextrakte GmbH, Safa Honey, ConnOils, SanaBio GmbH, Medikonda Nutrients, Amazing Herbs, OPW Ingredients GmbH, and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific To Contribute Sizably Towards Global Market Size By 2034
The growth of the market in Asia Pacific over the estimated timeline is due to the massive use of the products in curry flavoring and bakery items along with its use in food supplements. In addition to this, thriving nutraceuticals market in countries like China, India, and Japan will embellish the product penetration in the region over the forecasting years.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the black seed oil market on a global and regional basis.
The global black seed oil market is dominated by players like:
By Application
By Type
By Region
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