According to a new report, published by KBV research, The Global Black Seed Oil Market size is expected to reach $27.6 Million by 2028, rising at a market growth of 7.6% CAGR during the forecast period.
The Nutraceutical segment acquired maximum revenue share in the Global Black Seed Oil Market by Application in 2021, thereby, achieving a market value of $11.7 Million by 2028. The category is likely to be driven by the increased requirement for dietary supplements in the body on a daily basis. This oil is high in vitamins and nutrients that boost the human body's immunological system. Extensive research and clinical investigations have shown that black seed oil can aid in the removal of virus infection and reduce the intensity of infection owing to its antiviral and anti-inflammatory properties.
The Soft Gel market is showcasing a CAGR of 8.9% during (2022 - 2028). The soft gel improves the integrity of the active components in black seed oil and increases their shelf life. Soft gel is more convenient to use than traditional tablets, and it's found in a variety of cosmetic and skincare items. This would further spur the growth of the segment during the forecast period.
The Asia Pacific market dominated the Global Black Seed Oil Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.3 Million by 2028. The Europe market is estimated to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 7.4% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/black-seed-oil-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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