Black Seed Oil Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Black Seed Oil Market is Segmented By Form (Liquid, Capsule, Soft Gel, Others), By Nature (Organic, Conventional), By Application (Personal Care & Cosmetics, Pharmaceuticals, Nutraceuticals, Flavors & Dressing, Culinary, and Others), By Region (North America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Black Seed Oil Market Report Overview

The Global Black Seed Oil Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Black seed oil is known for its various health benefits and is widely used in the pharmaceutical and cosmetic industries. The market is driven by the growing consumer awareness regarding natural remedies and the increasing demand for herbal products. In Europe, the Global Black Seed Oil Market is witnessing significant growth. Key players in the market include Company A, Company B, Company C, and other prominent players operating in the market.

Black seed oil is produced using the Nigella sativa plant, which is local to Southwest Asia. Black seed oil is an extraordinarily powerful seed oil, which is utilized for natural medicine and has picked up affirmation for use in food dishes, for example, soups, curries, and meat dishes, due to its aroma and taste. The black seed oil is also called black cumin seed oil. It exhibits various properties such as it aids in pain relief, acts as a cancer preventing agent, enhances insulin sharpening, and reduces hypertension. With anti-inflammatory and soothing properties, it soothes skin and facilitates its healing process to effectively address conditions such as eczema and psoriasis. Its analgesic properties make it ideal for reducing the discomforts of rheumatism.

Black Seed Oil Market Scope and Summary

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Source: DataM Intelligence Analysis (2023)

Black Seed Oil Market Dynamics and Trends

Demand for black seed oil is growing owing to its various medicinal properties

The black seed oil is broadly used in antihypertensive, liver tonics, diuretics, anti-diarrheal, digestive, appetite stimulant, anti-bacterial, analgesics and skin disorders. Many pharmacological actions have been explored where black seed oil functions, including antidiabetic, anticancer, analgesic, immunomodulatory, antimicrobial, anti-inflammatory, spasmolytic, bronchodilator, hepatoprotective, renal protective, gastro-protective and antioxidant properties. Due to its extraordinary healing power, black seed and its oil are placed among top-ranked evidence-based herbal medications. Also, most of the plant's therapeutic properties are due to thymoquinone, a significant bioactive component of essential oil that increases its demand.

Black seed oil also helps to improve immune system, which is further expected to boost its demand. Consumers use black seed oil as a dietary supplement to strengthen their immune systems. Remarkable properties of black seed oil such as rich source of vitamin B, copper, calcium, zinc, phosphorous and folate are likely to make it an ideal choice for consumption as a daily dietary supplement, thus driving the black seed oil market demand. Moreover, rising prevalence of skin problems such as acne, inflammation and psoriasis among people coupled with growing consumer awareness regarding the long-term undesirable effects of chemical-loaded products on human skin and scalp should further promote the use of natural ingredients such as black seed oil in cosmetic products and augment the industry landscape during the forecast period. 

However, the direct contact of black seed oil with human skin through its topical application have proven to have adverse effects such as skin allergies, dermatitis and hypotension among few individuals, which may reduce the rate of acceptance of the product among consumers. Moreover, presence of melanthin which is toxic in nature if consumed in large quantities is likely to further restrict the product usage over the forecast timeframe. Lack of consumer awareness regarding the health benefits of the product, especially among developing nations of the world may further hamper growth of the black seed oil market. 

COVID-19 Impact on Black Seed Oil Market Growth

Pandemic impacted the global black seed oil market positively

The Covid-19 pandemic has made consumers look for immunity-fortifying supplements to strengthen their resistance to infectious pathogens, further augmenting the market outlook over the review period. A mixture of black seed oil and honey, used as a supplement, can assist in fighting virus infection and decrease severity of COVID-19 signs to its anti-inflammatory and anti-viral properties. The possible use of black seed oil as a nutritional supplement, especially at the starting of pandemic, is projected to give potential opportunities for the market's growth. Moreover, a randomized-controlled trial that is awaiting peer review suggests that Covid-19 patients who received a combination of honey and Nigella sativa recovered more quickly than those given a placebo. Treatment with honey and black cumin was found to alleviate Covid-19 symptoms within six days, compared to 13 days in the control group. Researchers said both honey and Nigella sativa show similar pharmacological profiles with its anti-viral, anti-microbial, and anti-inflammatory effects especially in upper respiratory tract infections.

Black Seed Oil Market Segmentation

Increasing application in personal and cosmetics is expected to drive the product demand

The personal care and cosmetics application segment is expected to grow with a CAGR of YY% during the forecast period 2023-2030. Owing to its anti-oxidant property, black seed oil is increasingly used for skincare and hair care in the cosmetics industry. It improves the skin tone and texture while acting as a skin protector. Black seed oil has been found to possess astringent properties that can help reduce the build-up of impurities on the skin surface. A study found that, lotion containing 20% black seed oil to be more effective and safer than lotion with 5% benzoyl peroxide in treating mild to moderate acne vulgaris. This demonstrates the potential for black seed oil to be a viable ingredient in regulating and deterring the formation of blemishes. Thus, the segment is expected to grow during the forecast period.

By form, the soft gel segment held market revenue share of YY% in 2020 and is expected to expand at a significant CAGR of YY% from 2023 to 2030. Soft gel provides greater stability and extends the life of the active ingredients of black seed oil. Soft gel is easy to use than conventional tablets and is used in numerous cosmetic and skincare products. Thus, this segment is expected to grow during the forecast period.

Black Seed Oil Market Geographical Share

Asia-Pacific is expected to dominate the global black seed oil market

Asia Pacific dominated the global black seed oils market in the year 2020, and it is also expected to be the fastest growing region. Countries such as China and India are expected to contributed positively to the market growth in this region. The region is the origin of Nigella sativa. Improved cultivation methods and increasing cultivating land of the plant are contributing to the growth of the market. The increasing application of black seed oil in the nutraceutical and pharmaceutical industries is expected to contribute to the market revenue. Increasing consumption of functional foods such as curries, soups, sauces and bakery products fortified with natural ingredients is expected to raise the demand for black seed oil in the region over the assessment period. Furthermore, increasing sports and physical fitness activities being carried out by the population of Asia Pacific is expected to drive the demand for sports nutrition products and nutritional supplements, thus promoting the regional market growth.

On the other hand, Europe is expected to grow with a highest CAGR during the forecast period. Countries such as Germany, the U.K., and France are positively contributing to the market revenue. Increased application of the product in the personal care and cosmetics industry has contributed to the market growth. Additionally, the rising popularity of organic treatment for curing diseases is contributing to market growth.

Source: DataM Intelligence Analysis (2023)

Black Seed Oil Companies and Competitive Analysis

The global market is highly competitive in nature owing to presence of a large number of players. Some of the key players operating in the global market are Sabinsa, AOS Products Pvt. Ltd., Safa Honey Co., Kerfoot Group, and SanaBio GmbH and others. Product launches is a key initiative adopted by most of the players with an aim to expand their offerings. For instance, in January 2021, TriNutra introduced B’utyQuin, which contains 3% thymoquinone black seed oil. The product is used for skincare and scalp care. Such initiatives are expected to boost the adoption rate of the product among consumers. Market players are also focussing on strategic expansion of their business activities in different geographical regions across the world. For instance, in October 2018, Sabinsa Corporation signed a memorandum of understanding with Japan External Trade Organization (JETRO) to support its expansion plans in Japan. This strategic expansion plan would enable the company to expand its client reach in Japan and increase profits.

Why Purchase the Report?

• Understand the current market scenario and viability of global black seed oil over the forecast period
• Visualize the composition of the global black seed oil market in terms of type, nature and application to identify major players, growth potential, and market strategies
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What do we offer?

• PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
• Excel data sheet with valuable data points of the global black seed oil market – Regional and Country level segmentation
• Product mapping in excel for the key products of all major market players
• Market share analysis covering business revenues ($) and revenue share (%) of key market players

The global black seed oil market report would provide an access to approximately 45 market data tables, 40 figures and 180 pages

Target Audience

• Oils Manufacturers
• Food Processing Companies
• Pharmaceutical Companies
• Personal Care & Cosmetics Companies
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Research Professionals