Global Black Seed Oil Market is valued at approximately USD 18.00 million in 2021 and is anticipated to grow with a healthy growth rate of more than 7.20% over the forecast period 2022-2029. The herb Nigella sativa, which is native to Eastern Europe and Western Asia, is the source of black seed oil. Over the coming years, the market expansion is anticipated to be aided by expanding consumer awareness, the desire to strengthen the immune system, and hectic lifestyles of the populace. Consumer interest in including immunity-boosting foods in their daily diet is being fueled by consumer knowledge of physical fitness and adoption of a healthy eating lifestyle, which will increase demand for black seed oil and promote market growth. Demand for the product is expected to increase due to the exceptional qualities of black seed oil, including its high level of copper, vitamin B, phosphorus, zinc, calcium, and folate.

As the prevalence of chronic diseases is rising, the demand for health food as well as functional food is growing as well. For instance, according to the WHO, chronic diseases accounted for nearly three-quarters of all deaths worldwide in 2020, with developing nations accounting for 71% of deaths related to ischemic heart disease (IHD), 75% of deaths due to stroke, and 70% of deaths due to diabetes. However, the lack of consumer awareness for Black Seed Oil stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Black Seed Oil Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. The highest market revenue contribution in 2021 came from the Asia Pacific region. China and India, among other nations, are helping to increase market income. The Nigella sativa plant originated in this area. The market is expanding as a result of improved plant cultivation techniques and more plant cultivation space. The highest CAGR is anticipated for Europe between 2022 and 2029. Germany, the U.K., and France are among the nations that have a beneficial impact on market revenue. The growth rate has been influenced by the product’s increased use in the personal care and cosmetics industries.

Major market players included in this report are:
TriNutra, Ltd.
The Kerfoot Group Limited
Sabinsa Corporation
FLAVEX Naturextrakte GmbH
Amazing Nutrition
Safa Honey Co
ConnOils LLC
SanaBio GmbH
Manish Agro

Recent Developments in the Market:
? In May 2021, Speaking Herbs, an organic wellness company that specialises in botanical products for the personal care, wellness, and home care industries, recently introduced a cold-pressed black seed oil. All of the company’s products are made to be completely free of any chemical additives, including palm oil, mineral oil, artificial colours and fragrances.
Global Black Seed Oil Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Powder, Tablets, & Capsules
Soft Gel

By Application:
Personal Care & Cosmetics
Flavoring & Dressing

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World