According to IMARC Group latest report titled “Black Seed Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on black seed oil market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global black seed oil market size reached US$ 19.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.26% during 2024-2032.
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Black seed oil, also known as Nigella sativa oil, is a widely regarded natural remedy extracted from the seeds of the Nigella sativa plant, native to Western Asia. This oil is manufactured by cold pressing the seeds, a process that helps retain the oil's natural properties and potency. Black seed oil is characterized by its dark hue and distinctive spicy aroma. There are various types of black seed oil, differing in their concentration and extraction methods, such as virgin, extra virgin, and cold-pressed. It holds immense importance in traditional medicine, particularly in the Middle East and South Asia, where it's been used for centuries.
Market Trends:
The global market is primarily driven by the rising consumer preference for natural and organic health solutions due to their historical medicinal use and minimal side effects. Additionally, the flourishing cosmetic and skincare industries are tapping into the oil's benefits for skin and hair care products, exploiting its anti-inflammatory and antibacterial properties and propelling market growth. Moreover, the shifting trend towards natural ingredients in the culinary world has boosted its popularity as a unique flavoring oil, contributing to market expansion. Furthermore, strategic partnerships between black seed oil producers and wellness brands, health influencers, and medical professionals are helping expand the market reach and reinforcing the oil's position in the wellness industry.
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Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- Amazing Nutrition
- BioPräp
- ConnOils LLC
- FLAVEX Naturextrakte GmbH
- Kerfoot Group (Avril Group)
- Life Extension
- NuVerus USA Inc
- Sabinsa Corporation
- TriNutra, Ltd.
- Z-Company
Key Market Segmentation:
Our report has categorized the market based on region, product and application.
Product Insights:
- Oil
- Powder, Tablets and Capsules
- Softgel
Application Insights:
- Personal Care and Cosmetics
- Pharmaceuticals
- Nutraceutical
- Flavoring and Dressing
- Culinary
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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