Positive. Global black seed oil market projected to grow significantly, with pharmaceutical segment expected to rise.

From Globe Newswire: 2024-07-15 02:00:00

The Global Black Seed Oil Market is projected to grow from USD 19.68 Billion in 2023 to USD 41.56 Billion by 2033, with a CAGR of 7.76%. Derived from Nigella sativa, black seed oil has been used for centuries to treat various illnesses and is now popular for its health benefits, culinary uses, and skincare advantages. It is forecasted that the oil segment will dominate the market due to its easy formulation and compatibility with various additives. The pharmaceuticals segment is expected to grow the fastest, driven by the increasing use of black seed oil for various chronic conditions. Online stores are predicted to see the most growth as consumers prefer the convenience and accessibility they offer. The Asia Pacific region is expected to hold the largest share of the market, with countries like China and India contributing positively to market revenue. Europe is anticipated to grow rapidly, led by countries such as the UK, Germany, and France. Competitive analysis reveals key players in the market include Amazing Nutrition, ConnOils LLC, The Kerfoot Group Limited, and more. In recent developments, ThymoQuin, a product of TriNutra, has been recognized for its exceptional quality and purity. As part of the market analysis, forecast revenue trends have been segmented by product type, application, distribution channel, and regional markets.

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