Global Black Seed Oil Market Insights Forecasts to 2033

• The Global Black Seed Oil Market Size was Valued at USD 19.68 Billion in 2023
• The Market Size is Growing at a CAGR of 7.76% from 2023 to 2033
• The Worldwide Black Seed Oil Market Size is Expected to Reach USD 41.56 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global Black Seed Oil Market Size is Anticipated to Exceed USD 41.56 Billion by 2033, Growing at a CAGR of 7.76% from 2023 to 2033.

Market Overview

Black seed oil is produced from the Nigella sativa plant, which is indigenous to Central and Western Europe and is commonly referred to as black cumin seed or kalonji oil. Its seeds and oil have a lengthy history and have been used for centuries to treat a variety of diseases throughout the world. Due to its flavor and scent, black seed oil which is also used in natural medicine has gained acceptance for usage in soups, curries, meat dishes, and other culinary preparations. It has many different qualities, including helping to ease pain, avoiding cancer, improving insulin sensitivity, and lowering blood pressure. Black seed oil has several benefits, including anti-inflammatory and antioxidant qualities, benefits for skincare, potential support for the immune system, and potential benefits for cardiovascular health. Due to its adaptability, the product's customer base grows, which supports the growth of the market as more individuals attempt to find uses for black seed oil outside of traditional herbal therapies. Growing awareness of the health advantages of black seed oil, rising rates of chronic diseases, and growing concern for personal health are the main factors driving the market's growth.

Report Coverage

This research report categorizes the market for the global black seed oil market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global black seed oil market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global black seed oil market.

Driving Factors

The health advantages that black seed oil offers, its popularity is growing. In addition to improving rheumatoid arthritis symptoms, black seed oil is helpful with asthma, upset stomach, high blood pressure, high cholesterol, and rheumatoid arthritis symptoms. The target market's expansion over the period under review is probably being driven mostly by the numerous health benefits of black seed oil. Significant demand for natural ingredients is driven by rising knowledge of the value of self-care, health and well-being, and the healing properties of oil for the body and skin. This in turn drives the growth of the black seed oil market.

Restraining Factors

Black seed oil can produce dermatitis, hypotension, and skin responses in a small number of users, which could affect the popularity of the product appears to customers. Moreover, the presence of melanin, which is toxic in large doses, will likely further restrict the product's usage within the projected time frame.

Market Segmentation

The global black seed oil market share is classified into product type, application, and distribution channel.

• The oil segment dominates the market with the largest market share through the forecast period.

Based on the product type, the global black seed oil market is categorized into oil, powder, tablets & capsules, and soft gels. Among these, the oil segment dominates the market with the largest market share through the forecast period. The oil category is growing due to factors including its easy formulation and miscibility with different additives. In addition, customers are using black seed oil as a cooking medium due to a growing movement toward healthier eating practices. The increasing need for black seed oil is also supported by the growing knowledge of the adverse effects of chemical-based products in cosmetics and pharmaceutical formulations.

• The pharmaceuticals segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the application, the global black seed oil market is categorized into pharmaceuticals, personal care & cosmetics, and food & beverage. Among these, the pharmaceuticals segment is anticipated to grow at the fastest CAGR growth through the forecast period. The number of chronic diseases is increasing, pharmaceuticals category accounts for the majority of market revenue. As a result, most people are eating black seed oil-enriched oil or capsules, which can satisfy their need for additional nutrients and vitamins. Moreover, a wide range of consumers were attracted to the natural remedies market during this situation of epidemic proportions.

• The online stores segment accounted for the largest revenue share through the forecast period.

Based on the distribution channel, the global black seed oil market is categorized into hypermarkets/supermarkets, convenience stores, drug stores, online stores, and others. Among these, the online stores segment accounted for the largest revenue share through the forecast period. This substantial market share reflects consumers' rising preference for the accessibility and convenience that online stores offer when looking for black seed oil products. Online stores are becoming an important component in black seed oil distribution chains due to customer demands for easy shopping experiences with greater product selection and comparing capabilities.  

Regional Segment Analysis of the Global Black Seed Oil Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global black seed oil market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global black seed oil market over the predicted timeframe. The rise in market income is being positively impacted by regions like China and India. The Nigella sativa is native to this region. The market is expanding as a result of better plant-growing techniques and more acreage dedicated to plant production. It is anticipated that growing uses of black seed oil in medicinal and nutraceutical applications will increase market revenue. Additionally, the industry's growth can be influenced by consumers' increased preference for nutraceutical products over pharmaceutical formulations for the treatment of a range of diseases.   

Europe is expected to grow at the fastest CAGR growth of the global black seed oil market during the forecast period. France, Germany, and the United Kingdom are among the nations that have a beneficial impact on market revenue. The growing acceptance of organic treatments as a means of healing illnesses is also accelerating the rate of expansion. Additionally, the demand for sports nutrition products and nutritional supplements is expected to increase as more people in Europe participate in sports and physical fitness activities, which would support the expansion of the regional market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global black seed oil market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Amazing Nutrition
• ConnOils LLC
• The Kerfoot Group Limited
• TriNutra Ltd.
• Sabinsa Corporation
• FLAVEX Naturextrakte GmbH
• Safa Honey Co.
• The Kerfoot Group
• SanaBio GmbH
• Blackmores
• Manish Agro
• Omega Pharma
• The Black Seed Oil Co.
• Nature’s Blends.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In February 2023, ThymoQuin, a product of TriNutra, a top provider of cold-pressed black seed oil with a full spectrum and a 3% thymoquinone standard, successfully complied with the strict guidelines published by the US Pharmacopeia – National Formulary. This achievement solidified ThymoQuin's status as a premium component by attesting to its outstanding quality and purity.

• In February 2023, The best natural health firm in Australia Blackmores, made its debut in the Indian market with its Ultra Refined Black Seed Oil. The company wants to introduce its product as a natural way for people to improve their health and well-being.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global black seed oil market based on the below-mentioned segments: 

Global Black Seed Oil Market, By Product Type

• Oil
• Powder
• Tablets & Capsules
• Soft Gels

Global Black Seed Oil Market, By Application

• Pharmaceuticals
• Personal Care & Cosmetics
• Food & Beverage

Global Black Seed Oil Market, By Distribution Channel

• Hypermarkets/Supermarkets
• Convenience Stores
• Drug Stores
• Online Stores
• Others

Global Black Seed Oil Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa