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Black Seed Oil Market to Witness Astonishing Growth by 2029

09-23-2023 08:41 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Black Seed Oil Market to Witness Astonishing Growth by 2029

Black seed oil market is anticipated to grow at a CAGR of 6.5% during the forecast period. Black seed oil is a supplement extracted from the seeds of Nigella sativa, a flowering plant that grows in Asia, Pakistan, and Iran. The black seed oil contains the phytochemicals thymoquinone, which can act as an antioxidant. Antioxidants detoxify harmful chemicals in the body called free radicals. The increasing use of black seed oil for various medicinal benefits such as curing several ailments including diabetes, cholesterol, asthma, and others is supporting to drive the market growth. These lifestyle chronic diseases are a major challenge across the globe. According to the Centers for Disease Control and Prevention (CDC), around 37.3 million people in the US have diabetes, which is around 11.3% of the US population, and around 96 million people aged 18 years or older have prediabetes. Black seed oil improves insulin production and blood sugar, thereby supporting curing disease. Therefore, the increasing prevalence of chronic diseases, such as diabetes contributes to the market growth during the forecast period.

The global black seed oil market is segmented based on form type and application. Based on the form type, the market is segmented into capsule and oil. Based on the application, the market is segmented into personal care & cosmetics, pharmaceuticals, nutraceutical, flavouring & dressing, and others. The above-mentioned segments can be customized as per the requirements. Based on the form type, the oil segment is anticipated to hold a significant share in the global black seed oil market. The rising demand from various applications such as cosmetic products, body lotions, face washes, drug manufacturing, functional foods, and others is supporting the growth of the oil segment. In addition, the easy mixability and formulation also encourage the growth of the segment. The black seed oil-based products support hydrating skin and prevent acne and unwanted blemishes, and other problems. It also supports reducing the fine lines on the face and wrinkles owing to its anti-ageing properties. Most of the anti-ageing and cosmetics products are used by adults. According to the United Nations (UN) in 2019 there were around 704 million people aged 65 years or more across the globe. This number is anticipated to double to 1.5 billion in 2050. Hence, the increasing ageing population across the globe is expected to further propel the black seed oil segment as it is used in many cosmetics products.

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Market Coverage

Market number available for - 2022-2030
Base year- 2021
Forecast period- 2023-2030
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Black Seed Oil Market Segmentation

Black Seed Oil Market by Form Type

Capsule
Oil
Black Seed Oil Market by Application

Personal Care and Cosmetics
Pharmaceuticals
Nutraceutical
Flavoring and Dressing
Culinary
A full report of Black Seed Oil Market available @ https://www.omrglobal.com/industry-reports/black-seed-oil-market

Regional Analysis

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

AOS Products Pvt. Ltd
Biopraep
HalalEveryday
Healths Harmony Usa Supplements LLCLlc
Inlife Healthcare
Life Extension Foundation Buyers Club, Inc.
Manish Agro
Naturoil Food And Chemical Industry Trade Ltd. Co.
Nuverus Usa Inc.
Safa Honey Company
Sanabio
The Black Seed Co.
Z-Company
Zhou Nutrition
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/black-seed-oil-market

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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