Global Black Seed Oil market, which was valued at 18 (USD Million) in 2019, is anticipated to record humungous growth during the period from 2020 to 2026.
The global Black Seed Oil market, which was valued at 18 (USD Million) in 2019, is anticipated to record humungous growth during the period from 2020 to 2026. The report offers assessment and analysis of the Black Seed Oil market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
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 as Nigella Sativa, and possesses anti-inflammatory, anti-oxidant, and anticancer features. Black seed oil demonstrates huge therapeutic potential for treating sinusitis and provides antihistaminic, analgesic, and immune modulating effects. Addionally, the product also helps the patients affected from 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.
Market Growth Dynamics
Escalating demand for natural constituents in myriad industries like pharmaceuticals, personal care, and food will steer the growth of black seed oil industry over the estimated timespan. Apart from this, black seed oil is the best source of unsaturated fatty acids that helps in enhancing the digestive ability in the individuals along with improving the body 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 presence of melanthin and this can hinder the market growth in the coming years.
Asia Pacific To Contribute Sizably Towards Global Market Size By 2026
The growth of the market in Asia Pacific over estimated timeline is due to 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.
Key players profiled in the report include AOS Products, Sabinsa Corporation, Manish Agro, Safa Honey Company, Sanabio, Z-company, and Kerfoot Group.
The global black seed oil market is segmented as follows:
By Form Type
Escalating demand for natural constituents in myriad industries like pharmaceuticals, personal care, and food will steer the growth of black seed oil industry over the estimated timespan.
The industry revenue in 2019 was nearly USD 18 million.
Asia Pacific region will contribute lucratively towards the global market revenue over the estimated timeline.
The key market participants include Sabinsa Corporation, AOS Products, Z-company, Manish Agro, Sanabio, Safa Honey Company, and Kerfoot Group.