Black Seed Oil Market by Product and Geography - Forecast and Analysis 2021-2025

Published: Jan 2022 Pages: 120 SKU: IRTNTR71860

The black seed oil market share is expected to increase by USD 20.27 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 1.83%.

This black seed oil market research report extensively covers black seed oil market segmentation by product (liquid and CS and P) and geography (APAC, Europe, North America, South America, and MEA). The black seed oil market report also offers information on several market vendors, including Amazing Herbs, Farouk Systems Inc., Hab Shifa, Hakeem Herbals Ltd., Henry Lamotte Oils GmbH, INLIFE Pharma Pvt. Ltd., Life Extension Foundation Buyers Club Inc., Organika Health Products Inc., Sabinsa Corp., and Swanson Health Products Inc. among others.

What will the Black Seed Oil Market Size be During the Forecast Period?

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Black Seed Oil Market: Key Drivers, Trends, and Challenges

The health benefits of the black seed oil are notably driving the black seed oil market growth, although factors such as distribution challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the black seed oil industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Black Seed Oil Market Driver

One of the key factors driving the global black seed oil market growth is the health benefits of black seed oil. Consumers are increasingly becoming conscious of their health, and they have started opting for ?better-for-you? food ingredients that are healthy and safe to consume. Black seed helps to reduce high blood pressure and cholesterol and improves rheumatoid arthritis symptoms. It is high in healthy fatty acids that can help maintain healthier cholesterol levels. Examples of these fatty acids include linoleic acids and oleic acids. The levels of the oils can vary depending on where the black seed is grown. Furthermore, it also helps in decreasing asthma symptoms that may also help with bronchitis symptoms. Eating black seed or consuming black seed oil is associated with relieving stomach pain and cramps as well as it reduces gas, stomach bloating, and ulcers. Thus, the health benefits of black seed oil are expected to drive the growth of the market in focus during the forecast period.

Key Black Seed Oil Market Trend

Another key factor driving the global black seed oil market growth is the increasing demand for natural ingredients. The rise in illness prevalence, along with the global increase in population, is expected to boost demand for treatments containing natural components, resulting in the expansion of the global black seed oil market. Moreover, the increased demand for plant-based skincare products has had a favorable influence on the sector. Many claims, such as black seed's capacity to heal cancer, remain unsubstantiated. As a result, the rising R&D efforts might move the sector forward even more. The growth of the skincare business and increased knowledge about the advantages of black seed are projected to support market growth during the forecast period.

Key Black Seed Oil Market Challenge

Distribution challenges are one of the key challenges to the global black seed oil market growth. Retail stores such as supermarkets, hypermarkets, and large chains of discount or convenience stores have become important distribution modes for manufacturers and vendors of black seed oils. However, this presents some serious challenges for manufacturers as retail stores operate at a lower profit margin. Furthermore, retailers want to avoid any decline in revenues by fulfilling the gaps in the inventory that arise when there is a shortage of supply from the vendors. This means that a retailer will not hesitate to go to other vendors if a particular manufacturer is not able to supply an adequate amount of goods. Manufacturers are under significant pressure as consumers have shown more inclination toward convenience stores, which has forced manufacturers to find a suitable balance between price and volume. Such factors are expected to challenge the growth of the market in focus during the forecast period.

This black seed oil market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global black seed oil market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the black seed oil market during the forecast period.

Who are the Major Black Seed Oil Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Amazing Herbs
  • Farouk Systems Inc.
  • Hab Shifa
  • Hakeem Herbals Ltd.
  • Henry Lamotte Oils GmbH
  • INLIFE Pharma Pvt. Ltd.
  • Life Extension Foundation Buyers Club Inc.
  • Organika Health Products Inc.
  • Sabinsa Corp.
  • Swanson Health Products Inc.

This statistical study of the black seed oil market encompasses successful business strategies deployed by the key vendors. The black seed oil market is fragmented and the vendors are deploying growth strategies such as marketing and promotion on social media platforms to compete in the market.

Product Insights and News

  • Amazing Herbs - The company offers black seed oil that is cultivated the natural way, without any chemicals or pesticides, and packed with Thymoquione to optimize health and wellness, under the brand name Amazing Herbs.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The black seed oil market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Black Seed Oil Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the black seed oil market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Black Seed Oil Market?

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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for black seed oil in APAC. However, market growth in this region will be slower than the growth of the market in other regions.

The significant increase in the use of black seed oil in the nutraceutical and pharmaceutical industries in counties such as China and India will facilitate the black seed oil market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the outbreak of COVID-19 adversely impacted several countries in APAC, such as India and China. The production and trade of black seed oil were suspended to control the spread of the disease, which led to a shortage of black seed oil in the regional market. However, in the second half of 2021, as the vaccines have been rolled out and the number of active COVID-19 cases has been decreased, markets were reopened. Thus, the regional market in focus is expected to grow at a steady rate during the forecast period.

What are the Revenue-generating Product Segments in the Black Seed Oil Market?

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The black seed oil market share growth by the liquid segment will be significant during the forecast period. The growth is attributed to the availability of black seed oil in liquid forms such as pure liquid, viscous serum, and liquid extracts. Amazing Herbs Nutraceuticals Inc (Amazing Herbs), Henry Lamotte Oils GmbH (Henry Lamotte), Hab Shifa, Organika Health Products Inc. (Organika), Sabinsa Corp. (Sabinsa), and Dabur India Ltd. (Dabur) are some of the major vendors that distribute and sell black seed oil in liquid form.

This report provides an accurate prediction of the contribution of all the segments to the growth of the black seed oil market size and actionable market insights on post COVID-19 impact on each segment.

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Black Seed Oil Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 1.83%

Market growth 2021-2025

$ 20.27 million

Market structure

Fragmented

YoY growth (%)

1.09

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 37%

Key consumer countries

China, US, India, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amazing Herbs, Farouk Systems Inc., Hab Shifa, Hakeem Herbals Ltd., Henry Lamotte Oils GmbH, INLIFE Pharma Pvt. Ltd., Life Extension Foundation Buyers Club Inc., Organika Health Products Inc., Sabinsa Corp., and Swanson Health Products Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Black Seed Oil Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive black seed oil market growth during the next five years
  • Precise estimation of the black seed oil market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the black seed oil industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of black seed oil market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 01: Parent market

               **2.2: Market Characteristics

                             *Exhibit 02: Market Characteristics

               **2.2 Value chain analysis           

                              *Exhibit 03:  Value chain analysis : Packaged Foods and Meats

                              *2.2.1 Input

                              *2.2.2 Inbound logistics

                              *2.2.3 Primary processing

                              *2.2.4 Secondary and tertiary processing

                              *2.2.5 Outbound logistics

                              *2.2.6 End-customers

                              *2.2.7 Marketing and sales

                              *2.2.8 Services

                              *2.2.9 Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 04: Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 05: Market segments

               **3.3 Market size 2020 

               **3.4 Market outlook: Forecast for 2020 - 2025 

                              *3.4.1 Estimating growth rates for emerging and high-growth markets

                              *3.4.2 Estimating growth rates for mature markets

                              *Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ thousand)

                              *Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 08: Five forces analysis 2020 & 2025

               **4.2 Bargaining power of buyers            

                              *Exhibit 09: Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 10: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 11: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 12: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 13: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 14: Market condition - Five forces 2020

***5 Market Segmentation by Product               

               **5.1 Market segments

                              *The segments covered in this chapter are:

  • *Liquid
  • *CS and P

 

                              *Exhibit 15: Product - Market share 2020-2025 (%)

               **5.2 Comparison by Product    

                              *Exhibit 16: Comparison by Product

               **5.3 Liquid - Market size and forecast 2020-2025           

                              *Exhibit 17: Liquid - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 18: Liquid - Year-over-year growth 2020-2025 (%)

               **5.4 CS and P - Market size and forecast 2020-2025       

                              *Exhibit 19: CS and P - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 20: CS and P - Year-over-year growth 2020-2025 (%)

               **5.5 Market opportunity by Product     

                              *Exhibit 21: Market opportunity by Product

***6 Customer landscape                         

               **6.1 Overview

                              *Exhibit 22: Customer landscape

***7 Geographic Landscape                     

               **7.1 Geographic segmentation

                              *Exhibit 23: Market share by geography 2020-2025 (%)

               **7.2 Geographic comparison    

                              *Exhibit 24: Geographic comparison

               **7.3 APAC - Market size and forecast 2020-2025             

                              *Exhibit 25: APAC - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)

               **7.4 Europe - Market size and forecast 2020-2025         

                              *Exhibit 27: Europe - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)

               **7.5 North America - Market size and forecast 2020-2025          

                              *North America - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 29: North America - Year-over-year growth 2020-2025 (%)

               **7.6 South America - Market size and forecast 2020-2025          

                              *Exhibit 30: South America - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 31: South America - Year-over-year growth 2020-2025 (%)

               **7.7 MEA - Market size and forecast 2020-2025              

                              *Exhibit 32: MEA - Market size and forecast 2020-2025 ($ thousand)

                              *Exhibit 33: MEA - Year-over-year growth 2020-2025 (%)

               **7.8 Key leading countries        

                              *Exhibit 34: Key leading countries

               **7.9 Market opportunity by geography

                              *Exhibit 35: Market opportunity by geography ($ thousand)

***8 Drivers, Challenges, and Trends                   

               **8.1 Market drivers      

                              *8.1.1 Health benefits of black seed oil

                              *8.1.2 Diversification of applications of black seed oil

                              *8.1.3 Rising focus on temperature-tolerant variants

               **8.2 Market challenges              

                              *8.2.1 Distribution challenges

                              *8.2.2 Growing popularities of substitute

                              *8.2.3 Fluctuating prices of black seed oil and product recall

                              *Exhibit 36: Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Increasing demand for natural ingredients

                              *8.3.2 Increasing use of online marketing channels

                              *8.3.3 Clean labeling

***9. Vendor Landscape                            

               **9.1     Competitive scenario     

               **9.2     Vendor landscape           

                              *Exhibit 37: Vendor Landscape

               **9.3     Landscape disruption     

                              *Exhibit 38: Landscape disruption

               **9.4     Industry risks     

                              *Exhibit 39: Industry risks

***10.   Vendor Analysis                             

               **10.1   Vendors covered             

                              *Exhibit 40: Vendors covered

               **10.2 Market positioning of vendors   

                              *Exhibit 41: Market positioning of vendors

               **10.3 Amazing Herbs   

                              *Exhibit 42: Amazing Herbs - Overview

                              *Exhibit 43: Amazing Herbs - Product and service

                              *Exhibit 44: Amazing Herbs - Key offerings

               **10.4 Farouk Systems Inc.        

                              *Exhibit 45: Farouk Systems Inc. - Overview

                              *Exhibit 46: Farouk Systems Inc. - Product and service

                              *Exhibit 47: Farouk Systems Inc. - Key offerings

               **10.5 Hab Shifa             

                              *Exhibit 48: Hab Shifa - Overview

                              *Exhibit 49: Hab Shifa - Product and service

                              *Exhibit 50: Hab Shifa - Key offerings

               **10.6 Hakeem Herbals Ltd.       

                              *Exhibit 51: Hakeem Herbals Ltd. - Overview

                              *Exhibit 52: Hakeem Herbals Ltd. - Product and service

                              *Exhibit 53: Hakeem Herbals Ltd. - Key offerings

               **10.7 Henry Lamotte Oils GmbH            

                              *Exhibit 54: Henry Lamotte Oils GmbH - Overview

                              *Exhibit 55: Henry Lamotte Oils GmbH - Product and service

                              *Exhibit 56: Henry Lamotte Oils GmbH - Key offerings

               **10.8 INLIFE Pharma Pvt. Ltd.  

                              *Exhibit 57: INLIFE Pharma Pvt. Ltd. - Overview

                              *Exhibit 58: INLIFE Pharma Pvt. Ltd. - Product and service

                              *Exhibit 59: INLIFE Pharma Pvt. Ltd. - Key offerings

               **10.9 Life Extension Foundation Buyers Club Inc.           

                              *Exhibit 60: Life Extension Foundation Buyers Club Inc. - Overview

                              *Exhibit 69: Life Extension Foundation Buyers Club Inc. - Product and service

                              *Exhibit 61: Life Extension Foundation Buyers Club Inc. - Key offerings

               **10.10 Organika Health Products Inc.   

                              *Exhibit 62: Organika Health Products Inc. - Overview

                              *Exhibit 63: Organika Health Products Inc. - Product and service

                              *Exhibit 64: Organika Health Products Inc. - Key offerings

               **10.11 Sabinsa Corp.   

                              *Exhibit 65: Sabinsa Corp. - Overview

                              *Exhibit 66: Sabinsa Corp. - Product and service

                              *Exhibit 67: Sabinsa Corp. - Key offerings

               **10.12 Swanson Health Products Inc.   

                              *Exhibit 68: Swanson Health Products Inc. - Overview

                              *Exhibit 69: Swanson Health Products Inc. - Product and service

                              *Exhibit 70: Swanson Health Products Inc. - Key offerings

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 ????Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 71: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 72: ?Research Methodology

                              *Exhibit 73: ??Validation techniques employed for market sizing?

                              *Exhibit 74: ??Information sources

               **11.4 List of abbreviations        

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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