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Black Seed Oil Market Growth Trends, Industry Analysis and Business Outlook from 2019 to 2024

Author : Rahul Sankrityayan | Published Date : 2019-08-30 

Global Market Insights, Inc. has announced the launch of Black Seed Oil Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

The global black seed oil market is projected to gain significant momentum in the ensuing years, a feat that can be attributed to the emergence of organic wellness and food products. Known widely as Nigella sativa, black cumin seeds, onion seeds, kalonji, and numerous other names, the product is extracted from the seeds of Nigella sativa, a plant native to southwest Asia. The amber-hued oil finds its primary use in cooking and is said to offer extensive medicinal benefits, in addition to possessing the ability to fight life-threatening diseases.

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According to a review published in Complementary Therapies in Medicine 2015, black seed oil was claimed to be of importance to people with diabetes. Figures by the World Health Organization revealed that the number of diabetes patients was up by 108 million in 1980 to 422 million in 2014. The global prevalence of this condition among adults above 18 years of age had surged to 8.5% in 2014. In several cases, diabetes leads to major issues like kidney failure, heart attacks, limb amputations, and blindness.

In an article by the Journal of Endocrinology and Metabolism, academics from the Indian Council of Medical Research mentioned that black seed oil results in gradual part pancreatic beta-cells raises the lowered serum insulin concentrations and controls glucose levels. It is thus rather discernible that the rising prevalence of diabetes worldwide and the deployment of black seed oil to aid in its treatment will foster the black seed oil market growth from pharmaceutical applications in the years to come.

Black seed oil consists of thymoquinone, which is its main active constituent for adjuvants to pharmaceutical cancer treatments. Many studies have displayed the effects of Nigella sativa on numerous cancer cells – indeed, the list offers more than 57 reviewed papers on the effects of black cumin seeds against cancers of blood, lung, skin, cervix, prostate, breast, pancreatic and more.

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Thymoquinone extracted from Nigella sativa has been examined for its antioxidant, and anticancer properties since 1960 in vitro and vivo models given that the component may behave as superoxide and free radical scavenger compatible with preserving the activity of various antioxidant enzymes. Moreover, black seed oil has also been recommended as an organic radioprotective agent for immunosuppressive and oxidative impacts of ionizing radiation.

Based on GLOBOCAN 2018 forecast of cancer incidents and mortality, there will be around 18.1 million new cancer cases and 9.6 million cancer deaths, with lung cancer being the most commonly diagnosed cancer that accounts for 11.6% of the total cases and 18.4% of the total cancer deaths.  According to the National Center of Biotechnology Information, a study conducted to test cytotoxicity of black seed oil and its effects against the human lung cancer cell line revealed that it does considerably reduce the viability of lung cancer cells. The abovementioned benefits that can possibly aid cancer prevention, may encourage the consumption of black seed oil capsules among individuals seeking natural remedies, resulting in further expansion of the black seed oil market from pharmaceutical applications.

Besides its pharmaceutical benefits, black seed oil is also quite popular in the cosmetic and skin care applications, especially among millennials. Instead of blindly purchasing a product, customers today are inquisitive about the contents in order to avoid chemicals or tests on animals. Currently, the market is observing an increasing demand for cosmetics that are natural and safe. Based on a 2013 study comparing the therapeutic benefits of Nigella sativa with benefits of prescription medications, it was proven that black seed oil can reduce the severity of eczema. Although there is no scientific evidence backing the benefits, black seed oil is also known to soften skin, hydrate hair, and act as a moisturizer.

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The astringent properties possessed by the ingredient can aid the reduction of impurities on the skin surface.  In fact, a study found that lotion with 20% black seed oil is more effective and safer compared to a lotion with 5% benzoyl peroxide in the treatment of mild to moderate acne. The ingredient is commonly found in cosmetic products, which are rapidly growing in popularity due to the presence of organic materials.

As the demand for natural products increases across the try from cosmetic and personal care as well as pharmaceutical applications, the global black seed oil industry will depict a commendable growth graph in the years ahead. For the record, the overall black seed market size, as per a report published by Global Market Insights, Inc., will exceed $25 million by the end of 2025.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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