According to a new research report by Global Market Insights Inc, The Black seed oil market value is expected to cross USD 30 million by 2027. The ease of processing and easy miscibility with different ingredients is likely to raise the demand for seed oil from different applications over the forecast period.Demand for seed oil from the pharmaceutical sector is expected to witness lucrative growth over the forecast period owing to increasing consumer demand for natural ingredients in drug formulations to minimize the side effects of its consumption on the human body.
The report included details about the Black seed oil market. The growing consumer awareness regarding the ill effects of drugs composed of chemical-based ingredients should raise product demand. The growing health consciousness among consumers and increased intake of dietary supplements to improve body immunity and metabolism should drive the demand for Black seed oil in capsule form. The industry of seed oil in capsule form is expected to grow at a CAGR of over 6.5% between 2021 and 2027.
The ability of Black seed oil to provide a cooling sensation and soothing effect on the scalp is likely to escalate product demand for manufacturing anti-dandruff products during the forecast time frame.The black seed oil market from hair care applications exceeded US D 2.5 Million in 2020.
The European seed oil market is expected to register over 7.5% CAGR between 2021 and 2027, owing to rising product demand from the personal care and cosmetics sector. Increasing instances of skin and scalp issues such as pimples, acne, dry skin, psoriasis, itchy scalp, etc. among the population of the region are driving consumer attention towards the use of cosmetic products with anti-inflammatory and calming properties, which should, in turn, raise the product demand and fuel the regional industry outlook.