September 16, 2019
Global black seed oil market is anticipated to cross USD 15 million by the year 2025, according to the latest research available at Market Study Report LLC, report provides extensively data on market share, growth, trends and forecasts for the period 2019-2025.
Growing use of natural ingredients like black seed oil, along with rising awareness regarding the benefits of these products are key factors driving the black seed oil market growth. It is used in the form of oil or capsules and is immensely beneficial for skin.
Black seed oil finds application in skin care products, shampoos, fragrances and massage oils. Increasing product usage for cooking, baking and formulating beverages will propel the market growth in the upcoming years.
Based on the application spectrum, the black seed oil market from pharmaceuticals segment is projected to witness significant growth over the forecast period, owing to growing use of product in health treatments such as diabetes, weight loss, and skin conditions. It works as a remedy for rheumatoid arthritis, headache, and high blood pressure, while being an immunity booster.
As per the report, China black seed oil market from nutraceutical application segment is expected to gain 7% growth by the year 2025, owing to the presence of oleic, linoleic and several vitamins in the kalonji oil. Increasing awareness about health benefits of functional foods and dietary supplements, along with inclination towards healthy diet routine will boost the demand for black seed oil.
The UK black seed oil market is predicted to reach 35 tons of annual production by the year 2025, pertaining to increasing use of product in cosmetics. The oil contains antioxidants providing various skin benefits such as skin hydration, moisturization and softening. Expansion of cosmetics industry in the region, along with extensive use of natural ingredients in product formulations will further foster the market growth.