The Latin America, Middle East and Africa Black Seed Oil Market would witness market growth of 9.7% CAGR during the forecast period (2022-2028).
Black seed oil has a number of advantages, including the capacity to help people lose weight. According to a comprehensive review published in the Diabetes & Metabolic Disorders Journal in 2013, black seed oil may be effective in the treatment of obesity. For over 3000 years, black seed has been a prized herb, containing over 100 beneficial properties. It's high in critical fatty acids, proteins, carbs, vitamins, and other minerals. Indeed, the seeds are high in sterols, especially beta-sitosterol, which is thought to have anti-cancer qualities.
Black Seed is widely consumed in the African region in various dishes, sauces and salad as an ingredient or flavoring agent. In Arab countries, black seed is widely considered as a remedy for various medical conditions, which is contributing to the popularity of the black seed oil in the region. Ayurvedic plants have gotten a lot of attention since they are less expensive, easier to get, and have fewer side effects than manufactured medicines. Furthermore, religious and cultural traditions dictate the usage of numerous therapeutic floras and their products. For millennia, black cumin has been utilized by various human cultures in the region, particularly in Muslim populations, to heal a variety of diseases.
Along with that, several market players are entering this region to expand their market share by introducing latest products. Additionally, the expansion of the agricultural sector in African region and the rising disposable income of the consumers is fueling the demand for black seed oil across this region during the forecast period.
The Brazil market dominated the LAMEA Black Seed Oil Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $448.9 Thousands by 2028. The Argentina market is estimated to grow at a CAGR of 10.3% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 9.4% during (2022 - 2028).
Based on Application, the market is segmented into Nutraceutical, Pharmaceuticals, Personal Care & Cosmetics, Flavoring & Dressing, and Culinary. Based on Product, the market is segmented into Oil, Powder, Tablets, & Capsules, and Soft Gel. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Black Seed Oil Market is Predict to reach $27.6 Million by 2028, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Henry Lamotte Oils GmbH, FLAVEX Naturextrakte GmbH, The Kerfoot Group Limited, Life Extension Foundation Buyers Club, Inc., NuVerus Corporation, BioPrep Solutions, Perrigo Company PLC, TriNutra, Ltd., Sabinsa Corporation, and ConnOils LLC.
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