The global borage oil market is expected to witness significant growth during the forecast period. The market is fragmented due to the presence of several small-scale manufacturers. Borage oil is mainly used for skin disorders such as red, itchy rash on the scalp (seborrheic dermatitis), eczema (atopic dermatitis) and a type of skin condition called neurodermatitis. The growing demand for products imparted with organic and natural ingredients, along with the rise in the use of personal and home care products by consumers with increasing per capita income and lifestyle changes are expected to drive the market's growth rate during forecast period.
Data Bridge Market Research analyses that the borage oil market was valued at USD 45.63 billion in 2021 and is expected to reach USD 73.28 billion by 2029, registering a CAGR of 6.10 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Market Definition
Borage oil is derived from starflower or borage which is wildflower from the Boraginaceae family. Borage oil has a faintly pleasant odor and golden-yellow in color. It is well-known due to several medicinal values and health benefits. Borage oil is an extract which is made from the Borago officinalis plant seeds. Borage oil is prized due to its high gamma linoleic acid (GLA) content. This content can help to reduce inflammation tied to several diseases.
Global Borage Oil Market Scope
The borage oil market is segmented on the basis of forms, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Forms
· Oil
· Capsules
· Gels
Distribution Channel
· Online
· Offline
· Others
Application
· Pharmaceuticals
· Cosmetics
· Food & Beverages
· Others
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Key Players :
Some of the major players operating in the borage oil market are:
· AOS Products Pvt. Ltd. (India)
· ConnOils LLC (U.S.)
· Icelandirect, LLC (U.S.)
· Premium Crops (Germany)
· RENKERT OIL (U.S.)
· Avestia Pharma (India)
· Malteurop (France)
· Soyatech International (India)
· Deve Herbes (India)
· Nature's Way Products, LLC (U.S.)
· Natural Factors USA (U.S.)
· At Greenlife Limited (U.K.)
· The Herbarie at Stoney Hill Farm, Inc. (U.S.)
· Rutland Biodynamics Ltd. (Scotland)
Borage Oil Market Regional Analysis/Insights
The borage oil market is analysed and market size insights and trends are provided by country, forms, distribution channel and application as referenced above.
The countries covered in the borage oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the borage oil market in terms of revenue and market share due to the growing disposable income of the people in this region
Asia-Pacific is anticipated to be the fastest developing region during the forecast period due to the growing consumer awareness regarding health profits and increasing demand for organic and natural cosmetics products in this region.
TOC Of The Report :
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
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