Black Seed Oil Market Set to Soar Past USD 33.65 Billion by 2030 | Skyquest Technology
The market for black seed oil, spanning applications like dietary supplements, personal care, pharmaceuticals, and more, is poised for growth from 2023 to 2030. It offers various product types, including cold-pressed, refined, and organic options, and is accessible through diverse distribution channels such as online retail, supermarkets, and health stores. Expect a dynamic and evolving industry landscape during this period.
Westford,USA, Oct. 20, 2023 (GLOBE NEWSWIRE) — The global Black Seed Oil market size is expected to reach USD 33.65 billion by 2030 and exhibit a CAGR of 7.2% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing consumer awareness about natural remedies and holistic health, rising demand for herbal and traditional medicines, growing interest in alternative therapies and supplements, a surge in research and development activities related to the potential health benefits of black seed oil, and a rising preference for organic and natural products is fueling the market’s growth.
According to SkyQuest’s latest global research of the Black Seed Oil market, the growing popularity of black seed oil in the food and beverage industry as a flavour enhancer and health supplement, increasing adoption of black seed oil in skincare and haircare products due to its potential benefits for skin and hair, rising interest in natural and herbal remedies for various health conditions, expanding distribution channels and e-commerce platforms for easy accessibility, and the emergence of new product formulations and combinations incorporating black seed oil, such as capsules, blends, and infused oils, to cater to diverse consumer preferences.
Browse in-depth TOC on “Black Seed Oil Market”
- Pages – 157
- Tables – 94
- Figures -79
Black seed oil is a natural oil extracted from the seeds of the Nigella sativa plant. It has been used for centuries in traditional medicine for various health conditions, including allergies, asthma, high blood pressure, and diabetes. Black seed oil is also a good source of antioxidants and fatty acids, which may benefit health.
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Prominent Players in Black Seed Oil Market
- Amazing Nutrition
- Biota Nutraceuticals
- The Blessed Seed Company
- Health Thru Nutrition
- Organika Health Products
- Sanabio GmbH
- Florapower GmbH & Co.KG
- Henry Lamotte Oil GmbH
- Earth Expo Company
- Paras Perfumers
- AOS Products
- Safa Honey Company
- Sabinsa Corporation
- SNN Natural Products
- Manish Agro
- Kerfoot Group
- Nature’s Answer
Report Scope & Segmentation:
|Market Size in 2022
|2030 Value Projection
Dietary supplements, personal care and cosmetics, pharmaceuticals, and others
Cold-pressed black seed oil, refined black seed oil, organic black seed oil, and others
Online retail, supermarkets, hypermarkets, health stores, and others
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Pure Black Seed Oil Demand to Grow Substantially in the Forecast Period
Pure Black seed oil dominated the global online market, as they often perceived as more authentic and traditional, aligning with the historical use of black seeds for their potential health benefits. Consumers seeking the original and unadulterated product may prefer pure black seed oil.
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Nutraceuticals are the Leading Application Segment
Nutraceuticals is the leading segment in terms of application due to the growing emphasis on health and wellness, with consumers seeking natural and holistic solutions. Black seed oil’s potential health benefits, including immune system support and anti-inflammatory properties, align well with this trend.
Middle East and North Africa (MENA) is the leading Market Due to its Cultural Significance
Region-wise, Middle East and North Africa (MENA) is one of the largest growing markets as black seed oil is deeply embedded in the culture and often used in traditional remedies. This cultural acceptance and heritage can drive consistent demand in the region. Black seed oil, also known as Nigella sativa oil, has a long history of use in Middle Eastern and North African cultures for culinary and medicinal purposes. This region has traditionally been a significant consumer and producer of black seed oil.
A recent report thoroughly analyzes the major Black Seed Oil market players. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavours to develop innovative solutions that cater to the ever-increasing demand for Black Seed Oil.
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Key Developments in Black Seed Oil Market
- In February 2023, Nova Metrix LLC acquired Vallen Systeme, a German manufacturer of monitoring systems. This acquisition added Vallen Systeme’s expertise in acoustic emission and Black Seed Oil technologies to Nova Metrix’s product offerings.
- In March 2023, Hottinger Baldwin Messtechnik GmbH acquired Digitexx Data Systems, Inc., a leading provider of data acquisition and processing systems for SHM applications. This acquisition strengthened Hottinger Baldwin Messtechnik GmbH’s position in the SHM market and expanded its portfolio of data acquisition and processing solutions.
Key Questions Answered in Black Seed Oil Market Report
- What specific growth drivers will impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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