Black Seed Oil Market 2021 : Share, Trends, Segmentation and Forecast to 2027
Black Seed Oil Market size is poised to grow with a lucrative CAGR from 2021 to 2027 propelled by the various beneficial properties.
Delaware , United States – July 21, 2021 /MarketersMedia/ —
The global black seed oil market has witnessed notable expansion over the years due to various beneficial properties. These include low calorific value, anti-oxidants, a rich source of unsaturated fatty acids, anti-viral, anticoagulant, among various others. The ingredient witnesses demand from various applications like functional foods, nutraceuticals, pharmaceuticals, and cosmetics.
Notably, black seed oil has also gained recognition due to the emergence of organic wellness and food products. Also known as nigella sativa, onion seeds, black cumin seeds, kalonji, and various other names, the product is extracted from the seeds of Nigella sativa, a plant native to the southwestern part of Asia. The amber-hued oil also finds extensive use in cooking and is likely to offer many medicinal benefits, along with carrying the ability to fight life-threatening illnesses.
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Mentioned below are some of the prominent factors likely to influence the global black seed oil market size over the forthcoming years.
Use in pharmaceutical products
With respect to application, black seed oil finds extensive use in the pharmaceutical industry due to the rising consumer demand for natural ingredients in drug making, in order to reduce the side effects of its consumption in the human body. Additionally, the presence of thymoquinone in the product helps in reducing the formation of tumors in the body and is likely to offer favorable opportunities for use in the treatment of cancer.
Black seed oil has bronchodilatory properties that can help in the reduction of inflammation in the respiratory tract and to treat asthma. The ability of black seed oil to treat viral respiratory infections and to reduce the severity of coronavirus symptoms among the patients will offer untapped growth opportunities to the industry players.
Demand for black seed oil in food products
An improvement in disposable income among people across the globe has driven the desire to taste different types of cuisines, further propelling the use of black seed oil in food and beverages. As per reports, the EU food and drink sector generates a turnover of USD 1.46 trillion with nearly USD 323 billion in value addition.
Blackseed oil is used in cooking to add flavor to curries, pickles, and breads. On consumption, the seeds have a bitter flavor that may be compared to oregano or cumin. The constant need to taste food with different flavors from across the globe will support the demand for black seed oil in functional food and flavoring applications.
Expanding cosmetic sector in Europe
Concerning the geographical spectrum, Europe black seed oil market is expected witness notable traction over the coming years. There is growing demand from personal care and cosmetic applications. The growing cases of skin and scalp disorders like acne, pimple, dry skin, itchy scalp, and others among people are slated to drive the attention of the consumers towards the use of cosmetic products with calming and anti-inflammatory properties which will, in turn, propel the demand for black seed oil.
Increasing inclination towards the use of organic cosmetics and personal care items is likely to raise the demand for the ingredient over years. Black seed oil and related product suppliers are investing in advanced research and development activities to improve the quality of the product and to meet the consumer needs.
Market players are investing generously in R&D to develop innovative product formulations and focusing on the expansion of their existing production facilities. Some of the leading black seed oil companies include Kerfoot Group, Sabinsa Corporation, Z-company, OAS Products, Organika Health Products, and Flavex Inc. among various others.
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