Black Cumin Seed Oil Market Size, Share, Growth & Trends 2032

Black Cumin Seed Oil Market Insights

The global black cumin seed oil market size was evaluated at USD 11,100 Million in 2022 and is slated to hit USD 17,100 Million by the end of 2030 with a CAGR of approximately 6.2% between 2023 and 2030. The black cumin seed oil market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace.

The black cumin seed oil industry report and a comprehensive competitive landscape analysis cover the geographical market. Additionally, the report explores the investor and stakeholder space to help companies make data-driven decisions.

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Black Cumin Seed Oil Market: Overview

Black cumin seed oil is produced by pressing the nigella sativa seeds. Moreover, it is also likely to possess reparative and regenerative features. Furthermore, the product is utilized in a slew of therapeutic applications. A large number of clinical studies have demonstrated that black cumin seed oils possess healing features and have the ability to cure many skin conditions. In addition to this, the product which is also referred to as black seed oil offers numerous health benefits that include easing rheumatoid arthritis & asthma symptoms apart from reducing levels of bad cholesterol & reducing hypertension.

Key Insights

• As per the analysis shared by our research analyst, the global black cumin seed oil market is projected to expand annually at the annual growth rate of around 6.2% over the forecast timespan (2023-2030)
• In terms of revenue, the global black cumin seed oil market was evaluated at nearly $11.1 billion in 2022 and is expected to reach $17.1 billion by 2030.
• The global market is anticipated to record massive growth over the forecast period due to the surging penetration of black cumin seed oil in the pharmaceutical and food industries.
• Based on form, the oil segment is predicted to record the fastest CAGR during the forecast timeline.
• In terms of application, the personal care & cosmetics segment will dominate the segmental growth over 2023-2030.
• On the basis of the end-use industry, the specialty stores segment is projected to dominate the global market share during the assessment period.
• Region-wise, the European black cumin seed oil market is projected to register the fastest CAGR during the assessment period.

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Black Cumin Seed Oil Market: Growth Factors

Rising use of black cumin seed oil in pharmaceutical & food sectors to boost the global market trends

Black cumin seed oil possesses anti-oxidant as well as anti-inflammatory features and can combat tumors, thereby steering the expansion of the global black cumin seed oil market. The massive product used for combating harmful free radicals along with preventing dark spots and blemishes will embellish the global black cumin seed oil market trends. Furthermore, black cumin seed oil can cure a large number of ailments such as diabetes, respiratory diseases, and asthma, thereby steering the global market trends. Massive demand for reducing obesity and weight loss in individuals has resulted in humungous growth of the market across the globe.

Furthermore, the surging penetration of black cumin seed oil in the pharmaceuticals and food industries will provide a strong growth platform for the market globally. In addition to this, the rise in acne, psoriasis, and skin inflammation in people and surging customer awareness about the ill effects of using chemical drugs for treating skin diseases will proliferate the size of the global market. The ease of formulation of black cumin seed oil and its use in medicine production, functional foods, and cosmetic formulations will steer the expansion of the black cumin seed oil market globally.

Black Cumin Seed Oil Market: Hindrances

Low awareness about the benefits provided by the product can impede the global industry surge

Lack of awareness about the product benefits among the people will hinder the growth of the global black cumin seed oil industry. Moreover, the low availability of raw materials as they are required to be imported from abroad can put brakes on the global industry surge. Less penetration of production in underdeveloped countries can decimate the expansion of the industry globally.

Black Cumin Seed Oil Market: Opportunities

Upgradation of the new technologies for deriving black cumin seed oil to create new growth opportunities for the global market

The use of black cumin seed oil as a nutritional supplement will open new growth avenues for the global black seed oil market in the upcoming years. Consistent upgradation of new technologies for extracting black cumin seed oil will generate new facets of growth for the global market.  

Black Cumin Seed Oil Market: Challenges

Rise in the price of raw components can be a big challenge for the global industry growth 

Several incidences of side effects of black cumin seed oil have been witnessed in individuals and this can pose a huge challenge to the growth of the global black cumin seed oil industry. In addition to this, high raw material costs can prove to be a big hurdle in the growth path of the industry.   

Black Cumin Seed Oil Market: Segmentation

The global black cumin seed oil market is sectored into form, application, distribution channel, and region.     

In terms of form, the global black cumin seed oil market is divided into the capsule, soft gel, and oil segments. Furthermore, the oil segment, which contributed more than 60% of the global market share in 2022, is projected to register the highest CAGR of 7.6% over 2023-2030. The segmental surge in the next eight years can be owing to the use of black cumin seed oil as medicine for treating many health-related issues. The large-scale use of the product in nutraceutical and healthcare applications will prompt segmental growth in the years ahead. With growing healthy eating trends and the intake of organic food supplements, the segment is likely to surge in the years to come.

Based on the application, the global black cumin seed oil industry is bifurcated into pharmaceuticals, personal care & cosmetics, nutraceuticals, culinary, and flavoring & dressing segments. Furthermore, the personal care & cosmetics segment, which contributed more than 25% of the global industry share in 2022, is slated to dominate the segmental growth in the ensuing years. Additionally, the growth of the segment over 2023-2030 can be subject to its huge presence of anti-oxidants in personal care & cosmetics that help offer robust protection to the skin against extreme and fluctuating climatic conditions.

Based on the distribution channel, the global black cumin seed oil market is divided into supermarkets & hypermarkets, online stores, and specialty store segments. The specialty stores segment, which accounted for more than 52% of the global market share in 2022, is anticipated to account majorly for the global industry size over the next eight years. The growth of the segment during the forecasting timeline can be due to a rise in product purchases from specialty stores and the consumer trend of inspecting the products before purchase.  

Recent Breakthroughs

• In the second half of 2020, TriNutra, a major supplier of black seed oil, introduced an organic cold-pressed black seed oil that can be standardized to nearly 3% thymoquinone. Furthermore, the move will steer the expansion of the black cumin seed oil industry across the globe.
• In March 2020, Akay Natural Ingredients Private Limited, a key Indian manufacturer of oleoresin, patented nigella sativa which is a sleep aid ingredient that can enter the U.S. market in the upcoming years. Reportedly, the patented product is utilized for deriving a new black cumin seed oil combination that can be used for inducing sleep effects in an individual. The move will boost the demand for black cumin seed oil in India and the U.S.

Black Cumin Seed Oil Market: Report Scope

Black Cumin Seed Oil Market: Regional Insights 

Asia-Pacific Black Cumin Seed Oil market to register a major revenue share over 2023-2030

The Asia-Pacific, which accounted for 50% of the global black cumin seed oil market revenue share in 2022, is anticipated to dominate the market growth over the forecast timeframe. The regional market expansion can be credited to enhancement in the methods of cultivation along with the rise in plant cultivation activities in countries such as China and India. The rise in the use of black cumin seed oil as a pharmaceutical and nutraceutical product in the region will boost regional market trends. Surging preference for nutraceutical products for treating many diseases, most prominently skin ailments, will spur the growth of the black cumin seed oil market in the Asia-Pacific zone.

On the other hand, the black cumin seed oil industry in Europe is predicted to register the fastest CAGR of 8.3% in the ensuing years. The regional market growth over the forecast period can be owing to a rise in the product penetration in the personal care & cosmetics sector in European countries. Apart from this, the surging popularity of organic therapy for curing diseases will contribute majorly towards the regional market growth over the ensuing years.

Black Cumin Seed Oil Market: Competitive Space

The global black cumin seed oil market profiles key players such as:

• EARTHOIL PLANTATIONS
• Henry Lamotte OILS GmbH
• Organika Health Products Inc.
• FLAVEX Naturextrakte GmbH
• BioPraep Handelsgesellschaft GmbH
• Safa Honey Co.
• NuverusUsa Inc. Kerfoot Group
• AOS Products Pvt. Ltd
• Perrigo Company plc
• Amazing Herbs.
• HAB SHIFA
• Organika Health Products Inc.
• Manish Agro Industries
• Sabinsa
• Sanabio
• Z-company.

The global black cu.min seed oil market is segmented as follows:

By Form

• Capsule
• Soft Gel
• Oil

By Application

• Personal Care & Cosmetics
• Pharmaceuticals
• Culinary
• Nutraceuticals
• Flavoring & Dressing

 By Distribution Channel

• Supermarkets & Hypermarkets
• Online Stores
• Specialty Stores

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Frequently Asked Questions