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Black cumin seed oil, which also goes by the name of black seed, Nigella sativa and Kalonji is native to southeastern Asia and North America. With a taste and aroma reminiscent of black pepper, onions and oregano, the black cumin seed oil has gained acknowledgement for use in Indian or Middle Eastern cuisine, such as curries, soups, vegetables and meat dishes for a peppery flavor. Additionally, the black cumin seed oil has manifold characteristics pertaining to health and wellness such as anti-bacterial, analgesic, anti-fungal, anti-inflammatory, antioxidant, antiviral, anti-hypertensive, insulin sensitizing and others. The various components present in the black cumin seed oil which are responsible for its diverse applications are primarily Thymoquinone, Thymohydroquinone, and Thymol amongst several other micro-components such as myristic acid, palmitic acid, stearic acid, palmitoleic acid, oleic acid, linoleic acid, arachidonic acid, proteins and vitamins B1, B2,B3, calcium, folate, iron, copper, zinc and phosphorous. The black cumin seed oil is anticipated to expand at a considerate CAGR during the forecast period.

Segmentation:-

Black cumin seed oil market is segmented on the basis of form which includes oil as well as encapsulated soft-gel capsules. The soft-shelled capsules are gaining relatively more traction associated to the black cumin seed oil market on the backdrop of consumer convenience. 

Black cumin seed oil market is segmented on the basis of application which includes cosmetics & personal care, dietary supplements, and culinary. Amongst these applications, the dietary supplement segment is anticipated to flourish with a healthy CAGR owing to its manifold utilizations gradually receiving the attention of consumers for instance the ability of black cumin seed oil to counter tumor effects of cancer, treating type 1 and 2 diabetes, improve digestion, inducing weight loss, strengthening hair follicles, benefiting the skin and even helping to heal scars, and fighting infections most importantly MRSA.

Black cumin seed oil market is segmented on the basis of the end use which includes retail and industrial. The retail segment is further sub-segmented as distribution channel which includes online stores, hypermarkets/supermarkets, specialized drug stores, and convenience stores.

Global market drivers and restraints:-

The black cumin seed oil is gaining widespread popularity on the backdrop of its manifold advantages offered by the same. Some of the properties of black cumin seed oil which are primarily driving the black cumin seed oil market are its potential use to alleviate asthma, allergies, and other respiratory issues, that balance the immune system, reduce cancer tumor, induce anti-inflammatory properties for encephalomyelitis, colitis, peritonitis, oedama, and arthritis through suppression of the inflammatory mediators prostaglandins and leukotriens, fight microbes including bacteria, viruses, helminths, and fungus, aid digestion and decrease gas, bloating and stomach pain, to treat skin problems like eczema and psoriasis, promote healthy cholesterol levels, normalizes blood pressure, Inhibits Candida and fungus growth. The restraints of black cumin seed oil market are relatively few however are potential to affect the market and include the weak penetration in the market owing to the lack of awareness amongst the population regarding the product and selection of potential alternatives. Also, a few cases have been reported owing to the side-effects of black cumin seed oil for instance the onset of contact dermatitis, hypotension, and other allergic reactions.

 Regional Outlook:-

The South Asian countries such as India, Indonesia, Singapore, Malaysia, Sri Lanka and others lead as the top exporters as well as manufacturers of the black cumin seed oil market followed by North America and Europe. Most imports have been witnessed by the countries like U.S, Germany, U.K, China, Saudi Arabia, France, and others. Asia will remain as a potential market attributing to the growing economies of India and China. Furthermore, great potential in the black cumin seed oil market can be attributed to its diverse uses.

Major Key players:-

Some of the major key who are driving the myrtle essential oil market globally are The Blessed Seed, Z-Company, Hab Shifa, Amazing Nutrition, Organika Health Products Inc., Complete Organics and the like.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Black Cumin Seed Oil Market

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