Black Seed Oil Market Trends and Forecast
The future of the global black seed oil market looks promising with opportunities in the food and cosmetic markets. The global black seed oil market is expected to reach an estimated $12.2 billion by 2030 with a CAGR of 7.6% from 2024 to 2030. The major drivers for this market are rising awareness of health benefits associated with black seed oil, such as its anti-inflammatory and antioxidant properties, increasing demand for natural remedies and herbal supplements in pharmaceuticals and dietary supplements, and growing use of black seed oil in skincare and personal care products due to its moisturizing and healing properties.
• Lucintel forecasts that food grade black seed oil is expected to witness higher growth over the forecast period.
• Within this market, food is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Black Seed Oil Market
• United States – NatureÄX%$%Xs Way launching new organic black seed oil products; FDA regulations driving quality assurance in herbal supplements.
• Egypt – El Hawag for Natural Oils expanding black seed oil production; government promoting exports through agricultural development initiatives.
• United Arab Emirates – Hemani Herbal introducing black seed oil in personal care products; government supporting local herbal industries for diversification.
• India – Kiva Black Seed Oil launching cold-pressed variants; companies focusing on organic farming practices to meet global health standards.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Black Seed Oil Market by Segment
The study includes a forecast for the global black seed oil market by type, application, and region.
Black Seed Oil Market by Type [Value from 2018 to 2030]:
• Food Grade Black Seed Oil
• Cosmetic Grade Black Seed Oil
Black Seed Oil Market by Application [Value from 2018 to 2030]:
• Food
• Cosmetic
• Others
Black Seed Oil Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Black Seed Oil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies black seed oil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the black seed oil companies profiled in this report include-
• Hemani Herbal
• Pure Encapsulations
• Yupinxiang
• Cheureux
• Mediheal
• Lukeni
• Swanson Health Products
Recent Development in the Black Seed Oil Market
• Amazing Herbs: Introduces a new line of cold-pressed black seed oil supplements, emphasizing purity and potency for health-conscious consumers.
• Sweet Sunnah: Expands black seed oil production capacity with state-of-the-art extraction technology, ensuring high-quality standards and increased market availability.
• Healths Harmony: Launches organic black seed oil capsules with enhanced bioavailability, catering to the dietary supplement marketÄX%$%Xs demand for natural health solutions.
• Heritage Store: Collaborates with wellness experts to promote the therapeutic benefits of black seed oil through educational campaigns and product innovations.
Features of the Global Black Seed Oil Market
Market Size Estimates: Black seed oil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Black seed oil market size by type, application, and region in terms of value ($B).
Regional Analysis: Black seed oil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the black seed oil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the black seed oil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the black seed oil market size?
Answer: The global black seed oil market is expected to reach an estimated $12.2 billion by 2030.
Q2. What is the growth forecast for black seed oil market?
Answer: The global black seed oil market is expected to grow with a CAGR of 7.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the black seed oil market?
Answer: The major drivers for this market are rising awareness of health benefits associated with black seed oil, such as its anti-inflammatory and antioxidant properties, increasing demand for natural remedies and herbal supplements in pharmaceuticals and dietary supplements and growing use of black seed oil in skincare and personal care products due to its moisturizing and healing properties.
Q4. What are the major segments for black seed oil market?
Answer: The future of the black seed oil market looks promising with opportunities in the food and cosmetic markets.
Q5. Who are the key black seed oil market companies?
Answer: Some of the key black seed oil companies are as follows:
• Hemani Herbal
• Pure Encapsulations
• Yupinxiang
• Cheureux
• Mediheal
• Lukeni
• Swanson Health Products
Q6. Which black seed oil market segment will be the largest in future?
Answer: Lucintel forecasts that food grade black seed oil is expected to witness higher growth over the forecast period.
Q7. In black seed oil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the black seed oil market by type (food grade black seed oil and cosmetic grade black seed oil), application (food, cosmetic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Black Seed Oil Market Market, Black Seed Oil Market Market Size, Black Seed Oil Market Market Growth, Black Seed Oil Market Market Analysis, Black Seed Oil Market Market Report, Black Seed Oil Market Market Share, Black Seed Oil Market Market Trends, Black Seed Oil Market Market Forecast, Black Seed Oil Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.