Black seed oil is highly rich in amino acids and has inflammatory & antioxidant properties which are utilized for natural medicine and has picked up affirmation for use in food dishes. It is produced using the Nigella sativa plant and is also named black cumin seed oil. It exhibits various properties such as it aids as pain reliever, acts as a cancer-preventing agent, enhances insulin sharpening, and reduces hypertension. Black seed oil demonstrates the huge therapeutic potential for treating sinusitis and provides antihistaminic, analgesic, and immune-modulating effects. This product is also helpful for the treatment of asthma and offers numerous health benefits such as reduction of cholesterol levels, weight loss, and brain health protection.
The use of black seed oil in various application areas such as seasonal dressings, flavoring additives, nutraceutical, pharmaceutical, and personal care & cosmetics is a major driving factor for the growth of the global black seed oil market. Increasing demand for essential oils and oil-based products across the globe enhances the market growth. Further, the rising adoption of herbal treatment for curing lifestyle diseases is gaining demand in the global market.
In addition to this, the leading manufacturers of black seed oil are adopting precise technologies such as cold press extractions for good quality black seed oil which in turn is propelling the demand for market growth. However, black seed oils may cause hypersensitivity in some people when applied directly on the skin which may hinder the demand for the black seed market. Furthermore, the leading players operating in the market are launching new products to fulfill the growing demand and to stay ahead in the market. This is projected to offer ample opportunities to the black seed oil market in the forecast period.
The global black seed oil market is divided based on the form type, application, and region. Based on the form type, the global market is split into capsule and oil. The application segment consists of personal care & cosmetics, flavoring & dressing, nutraceutical, pharmaceuticals, and culinary.
Geographically, Asia Pacific region is projected to dominate the global black seed oil market and is anticipated to continue its dominance during the forecast period. Factors such as increasing demand for food supplements and rising use of black seed oil in bakery products are driving the growth of this market in this region. Increasing consumption of functional food items such as curries, soups, and sauces stimulated with natural ingredients is expected to gain the demand for black seed oil in the Asia Pacific region. North America is predicted to hold the second position in the market and is anticipated to account for a moderate share over the forecast period. This is attributed to the rising demand for nutritional products and supplements.
Sabinsa Corporation, Safa Honey Company, Manish Agro, Z-company, Flavex, Inc., OAS Products, Kerfoot Group, Sanabio, Organika Health Products, Inc, and Amazing Nutrition, Inc., are some of the prominent players that are operating in the global black seed oil market.
In December 2018, the Japan External Trade Organization (JETRO) and Sami-Sabinsa Corporation, a division of Sami-Sabinsa Group, had signed a Memorandum of Understanding for geographic expansion and product development.
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