Thymoquinone, valued at US$ 23.39 billion in 2023, is expected to grow to US$ 28.38 billion by 2030 with a CAGR of 2.8%, driven by increasing downstream demand.
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According to Publisher’s latest study, the global Thymoquinone market size was valued at US$ 23390 million in 2023. With the growing demand in the downstream market, Thymoquinone is forecast to a readjusted size of US$ 28380 million by 2030 with a CAGR of 2.8% during the review period.
Market Overview
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The research report highlights the growth potential of the global Thymoquinone market. Thymoquinone is expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Thymoquinone. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Thymoquinone market.
Thymoquinone, or TQ, is the active ingredient in black cumin oil extract. Thymoquinone has antioxidant, anti-inflammatory and anti-cancer actions. It has selective cytotoxic properties for human cells, which means that it kills human cancer cells while not being harmful to normal cells.
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Manmayi Raval
Research Consultant
The report on the Thymoquinone market reflects various aspects and provides valuable insights into the industry.
Market Size and Growth: The research report provides an overview of the current size and growth of the Thymoquinone market. It may include historical data, market segmentation by Purity (e.g., Purity: Above 99%, Purity: 98%-99%), and regional breakdowns.
Market Drivers: Growing Knowledge of Health Benefits: Consumer demand for goods containing thymoquinone is being driven by an expanding understanding of this bioactive compound's medicinal qualities, such as its anti-inflammatory, antioxidant, and anticancer actions. The market for functional foods, herbal medicines, and dietary supplements enhanced with thymoquinone is growing as people become more health-conscious and look for natural solutions.
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Increasing the Use of Pharmaceuticals: Pharmaceutical companies looking for new treatment alternatives for a range of illnesses have taken an interest in thymoquinone due to its pharmacological qualities. The pharmaceutical section of the thymoquinone market is expanding because of clinical research showing the medicine's potential to treat ailments like cancer, arthritis, and asthma. This research is also fuelling investment in drug development and formulation.
Growing Need for Natural Compounds: Thymoquinone's demand as a functional ingredient and natural cure is being driven by the trend in consumer products toward natural and plant-based compounds. A growing number of consumers are looking for products that are made with natural ingredients like thymoquinone because they are concerned about synthetic chemicals, the sustainability of the environment, and their health. Thymoquinone's market is expanding in the health and wellness industry as a result of this trend.
Challenges- Limited Clinical data: The clinical data for thymoquinone's safety and efficacy in humans is currently lacking, despite encouraging preclinical research demonstrating the drug's therapeutic potential. To verify the health advantages of thymoquinone, determine the best dosages, and assess long-term safety profiles, more thorough clinical research is required. Healthcare providers and product makers looking for evidence-based information on thymoquinone have difficulties due to the lack of clinical data.
Quality Control and Standardization: Because raw ingredients, extraction techniques, and formulation procedures can vary widely, it can be difficult for producers to guarantee the quality, purity, and consistency of goods containing thymoquinone. Analytical methods, standardization procedures, and quality control procedures are necessary to ensure the safety, effectiveness, and trust of the product. To overcome these obstacles, investments in infrastructure for quality assurance and adherence to Good Manufacturing Practices (GMP) are required.
Market Forecasts and Future Outlook- The thymoquinone market is expected to grow and innovate in the future globally. Its trajectory is likely to be shaped by several trends: Research and Development: Continued investigations into the mechanisms of action, therapeutic potential, and safety profile of thymoquinone will spur innovation in the formulation and development of new products. Research institutes, businesses, and academics working together will hasten the conversion of scientific findings into practical uses.
Spreading Out Your Product Offerings: New market niches and sources of income will become available as thymoquinone-based goods expand beyond dietary supplements to encompass pharmaceuticals, functional foods, cosmetics, and personal hygiene items. Niche markets and customer preferences can be satisfied with tailored formulations that target health issues or consumer demographics.
Opportunities: Thymoquinone's growing industry offers prospects for those involved in the pharmaceutical, wellness, and healthcare industries. The investigation of synergistic effects and combination therapies employing thymoquinone in conjunction with other bioactive substances or conventional medications represents a significant opportunity. Investigations into possible interactions and complimentary modes of action may result in the creation of innovative medicinal formulations that have lower adverse effects and increased efficacy. Furthermore, the thymoquinone market's unexplored growth prospects in emerging regions, especially in Asia-Pacific and Latin America, are driven by growing health consciousness, rising healthcare costs, and a long history of herbal treatment. The validation of thymoquinone's health claims, standardization of production techniques, and establishment of quality standards through collaborations among academics, industry, and regulatory agencies would enhance market confidence and promote adoption. Through the deliberate allocation of resources towards research, innovation, and market expansion, interested parties can fully utilize thymoquinone's potential to mitigate unfulfilled medical needs and enhance worldwide health results.
Market Segmentation:
The thymoquinone market is split by Purity and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Purity, and by Application in terms of volume and value.
1. Segmentation by purity
• Purity: Above 99%
• Purity: 98%-99%
• Purity: Below 98%
2. Segmentation by application
• Pharmaceuticals
• Chemical & Material
Regional Insights: America: A growing focus on natural medicines and preventative healthcare is driving the thymoquinone market in America. The growing popularity of herbal remedies, dietary supplements, and integrative therapies has increased consumer demand for items containing thymoquinone who are concerned about their health.
Europe: A significant number of pharmaceutical and nutraceutical businesses involved in product development and research dominate the thymoquinone market. The utilization of botanical substances and traditional herbal medicines is encouraged by regulatory frameworks, which in turn promote market expansion in the area.
Asia-Pacific: Thymoquinone-based products have a lot of room to expand in this region, which has a strong history of using herbal medicine and a growing emphasis on wellness and longevity. A sizable consumer base open to natural therapies and a thriving herbal medicine sector may be found in nations like China, India, and Japan. America is the largest market with about 46% market share.
3. Americas
• United States
• Canada
• Mexico
• Brazil
4. APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
5. Europe
• Germany
• France
• UK
• Italy
• Russia
6. Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries
Competitive Landscape: The key players are TCI, Sigma-Aldrich, Cayman, Toronto Research Chemicals, Sarchem Labs, LKT Laboratories, Clearsynth, Ark Pharm, Nanjing Zelang, J&K Scientific, Guangzhou Howei Chemical etc. The top 3 companies occupied about 53% revenue market share. The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, and market penetration.
13.11.1 Guangzhou Howei Chemical Company Information
13.11.2 Guangzhou Howei Chemical Thymoquinone Product Portfolios and Specifications
13.11.3 Guangzhou Howei Chemical Thymoquinone Sales, Revenue, Price and Gross Margin (2019-2024)
13.11.4 Guangzhou Howei Chemical Main Business Overview
13.11.5 Guangzhou Howei Chemical Latest Developments
14 Research Findings and Conclusion
List of Tables
Table 1. Thymoquinone Annual Sales CAGR by Geographic Region (2019, 2023 & 2030) & ($ millions)
Table 2. Thymoquinone Annual Sales CAGR by Country/Region (2019, 2023 & 2030) & ($ millions)
Table 3. Major Players of Purity: Above 99%
Table 4. Major Players of Purity: 98%-99%
Table 5. Major Players of Purity: Below 98%
Table 6. Global Thymoquinone Sales by Purity (2019-2024) & (g)
Table 7. Global Thymoquinone Sales Market Share by Purity (2019-2024)
Table 8. Global Thymoquinone Revenue by Purity (2019-2024) & ($ million)
Table 9. Global Thymoquinone Revenue Market Share by Purity (2019-2024)
Table 10. Global Thymoquinone Sale Price by Purity (2019-2024) & (USD/g)
Table 11. Global Thymoquinone Sales by Application (2019-2024) & (g)
Table 12. Global Thymoquinone Sales Market Share by Application (2019-2024)
Table 13. Global Thymoquinone Revenue by Application (2019-2024)
Table 14. Global Thymoquinone Revenue Market Share by Application (2019-2024)
Table 15. Global Thymoquinone Sale Price by Application (2019-2024) & (USD/g)
Table 16. Global Thymoquinone Sales by Company (2019-2024) & (g)
Table 17. Global Thymoquinone Sales Market Share by Company (2019-2024)
Table 18. Global Thymoquinone Revenue by Company (2019-2024) ($ Millions)
Table 19. Global Thymoquinone Revenue Market Share by Company (2019-2024)
Table 20. Global Thymoquinone Sale Price by Company (2019-2024) & (USD/g)
Table 21. Key Manufacturers Thymoquinone Producing Area Distribution and Sales Area
Table 22. Players Thymoquinone Products Offered
Table 23. Thymoquinone Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
Table 24. New Products and Potential Entrants
Table 25. Mergers & Acquisitions, Expansion
Table 26. Global Thymoquinone Sales by Geographic Region (2019-2024) & (g)
Table 27. Global Thymoquinone Sales Market Share Geographic Region (2019-2024)
Table 28. Global Thymoquinone Revenue by Geographic Region (2019-2024) & ($ millions)
Table 29. Global Thymoquinone Revenue Market Share by Geographic Region (2019-2024)
Table 30. Global Thymoquinone Sales by Country/Region (2019-2024) & (g)
Table 31. Global Thymoquinone Sales Market Share by Country/Region (2019-2024)
Table 32. Global Thymoquinone Revenue by Country/Region (2019-2024) & ($ millions)
Table 33. Global Thymoquinone Revenue Market Share by Country/Region (2019-2024)
Table 34. Americas Thymoquinone Sales by Country (2019-2024) & (g)
Table 35. Americas Thymoquinone Sales Market Share by Country (2019-2024)
Table 36. Americas Thymoquinone Revenue by Country (2019-2024) & ($ Millions)
Table 37. Americas Thymoquinone Revenue Market Share by Country (2019-2024)
Table 38. Americas Thymoquinone Sales by Type (2019-2024) & (g)
Table 39. Americas Thymoquinone Sales by Application (2019-2024) & (g)
Table 40. APAC Thymoquinone Sales by Region (2019-2024) & (g)
Table 41. APAC Thymoquinone Sales Market Share by Region (2019-2024)
Table 42. APAC Thymoquinone Revenue by Region (2019-2024) & ($ Millions)
Table 43. APAC Thymoquinone Revenue Market Share by Region (2019-2024)
Table 44. APAC Thymoquinone Sales by Purity (2019-2024) & (g)
Table 45. APAC Thymoquinone Sales by Application (2019-2024) & (g)
Table 46. Europe Thymoquinone Sales by Country (2019-2024) & (g)
Table 47. Europe Thymoquinone Sales Market Share by Country (2019-2024)
Table 48. Europe Thymoquinone Revenue by Country (2019-2024) & ($ Millions)
Table 49. Europe Thymoquinone Revenue Market Share by Country (2019-2024)
Table 50. Europe Thymoquinone Sales by Type (2019-2024) & (g)
Table 51. Europe Thymoquinone Sales by Application (2019-2024) & (g)
Table 52. Middle East & Africa Thymoquinone Sales by Country (2019-2024) & (g)
Table 53. Middle East & Africa Thymoquinone Sales Market Share by Country (2019-2024)
Table 54. Middle East & Africa Thymoquinone Revenue by Country (2019-2024) & ($ Millions)
Table 55. Middle East & Africa Thymoquinone Revenue Market Share by Country (2019-2024)
Table 56. Middle East & Africa Thymoquinone Sales by Purity (2019-2024) & (g)
Table 57. Middle East & Africa Thymoquinone Sales by Application (2019-2024) & (g)
Table 58. Key Market Drivers & Growth Opportunities of Thymoquinone
Table 59. Key Market Challenges & Risks of Thymoquinone
Table 60. Key Industry Trends of Thymoquinone
Table 61. Thymoquinone Raw Material
Table 62. Key Suppliers of Raw Materials
Table 63. Thymoquinone Distributors List
Table 64. Thymoquinone Customer List
Table 65. Global Thymoquinone Sales Forecast by Region (2025-2030) & (g)
Table 66. Global Thymoquinone Revenue Forecast by Region (2025-2030) & ($ millions)
Table 67. Americas Thymoquinone Sales Forecast by Country (2025-2030) & (g)
Table 68. Americas Thymoquinone Revenue Forecast by Country (2025-2030) & ($ millions)
Table 69. APAC Thymoquinone Sales Forecast by Region (2025-2030) & (g)
Table 70. APAC Thymoquinone Revenue Forecast by Region (2025-2030) & ($ millions)
Table 71. Europe Thymoquinone Sales Forecast by Country (2025-2030) & (g)
Table 72. Europe Thymoquinone Revenue Forecast by Country (2025-2030) & ($ millions)
Table 73. Middle East & Africa Thymoquinone Sales Forecast by Country (2025-2030) & (g)
Table 74. Middle East & Africa Thymoquinone Revenue Forecast by Country (2025-2030) & ($ millions)
Table 75. Global Thymoquinone Sales Forecast by Purity (2025-2030) & (g)
Table 76. Global Thymoquinone Revenue Forecast by Purity (2025-2030) & ($ Millions)
Table 77. Global Thymoquinone Sales Forecast by Application (2025-2030) & (g)
Table 78. Global Thymoquinone Revenue Forecast by Application (2025-2030) & ($ Millions)
Table 79. TCI Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 80. TCI Thymoquinone Product Portfolios and Specifications
Table 81. TCI Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 82. TCI Main Business
Table 83. TCI Latest Developments
Table 84. Sigma-Aldrich Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 85. Sigma-Aldrich Thymoquinone Product Portfolios and Specifications
Table 86. Sigma-Aldrich Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 87. Sigma-Aldrich Main Business
Table 88. Sigma-Aldrich Latest Developments
Table 89. Cayman Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 90. Cayman Thymoquinone Product Portfolios and Specifications
Table 91. Cayman Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 92. Cayman Main Business
Table 93. Cayman Latest Developments
Table 94. Toronto Research Chemicals Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 95. Toronto Research Chemicals Thymoquinone Product Portfolios and Specifications
Table 96. Toronto Research Chemicals Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 97. Toronto Research Chemicals Main Business
Table 98. Toronto Research Chemicals Latest Developments
Table 99. Sarchem Labs Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 100. Sarchem Labs Thymoquinone Product Portfolios and Specifications
Table 101. Sarchem Labs Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 102. Sarchem Labs Main Business
Table 103. Sarchem Labs Latest Developments
Table 104. LKT Laboratories Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 105. LKT Laboratories Thymoquinone Product Portfolios and Specifications
Table 106. LKT Laboratories Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 107. LKT Laboratories Main Business
Table 108. LKT Laboratories Latest Developments
Table 109. Clearsynth Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 110. Clearsynth Thymoquinone Product Portfolios and Specifications
Table 111. Clearsynth Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 112. Clearsynth Main Business
Table 113. Clearsynth Latest Developments
Table 114. Ark Pharm Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 115. Ark Pharm Thymoquinone Product Portfolios and Specifications
Table 116. Ark Pharm Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 117. Ark Pharm Main Business
Table 118. Ark Pharm Latest Developments
Table 119. Nanjing Zelang Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 120. Nanjing Zelang Thymoquinone Product Portfolios and Specifications
Table 121. Nanjing Zelang Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 122. Nanjing Zelang Main Business
Table 123. Nanjing Zelang Latest Developments
Table 124. J&K Scientific Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 125. J&K Scientific Thymoquinone Product Portfolios and Specifications
Table 126. J&K Scientific Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 127. J&K Scientific Main Business
Table 128. J&K Scientific Latest Developments
Table 129. Guangzhou Howei Chemical Basic Information, Thymoquinone Manufacturing Base, Sales Area and Its Competitors
Table 130. Guangzhou Howei Chemical Thymoquinone Product Portfolios and Specifications
Table 131. Guangzhou Howei Chemical Thymoquinone Sales (g), Revenue ($ Million), Price (USD/g) and Gross Margin (2019-2024)
Table 132. Guangzhou Howei Chemical Main Business
Table 133. Guangzhou Howei Chemical Latest Developments
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