Global Borage Oil Market was valued US$ xx Mn in 2019 and is expected to grow US$ xx Mn by 2027, at a CAGR of xx% during the forecast period.
The report has analyzed the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Borage Oil Market: Overview
Borage oil is obtained from the seeds of the plant Borago Officinalis belonging to the Boraginaceae family. Borage oil is used as an herbal treatment of many skin complaints like seborrheic dermatitis, neurodermatitis, and eczema along with other inflammatory-related health issues, etc. It is mostly extracted from virgin vegetable oil from the seeds by the cold pressing process. It is easy to spread, moisture-holding properties, and has high penetration. Borage seed oil has important ingredients specifically, polyunsaturated omega-6 essential fatty acids, gamma-linolenic acid (GLA), and linolenic acid. Borage oil is famous for its health advantages and is broadly used in medication and culinary applications.
Global Borage Oil Market: Dynamics
The rising demand for borage oil in pharmaceutical applications, rising many spa and massage centers, varying standard of living of the people, and growing popularity of borage oil in aromatherapy are some of the factors expected to drive the growth of the borage oil market in the forecast period. Also, the rise in investments in R&D activities together with the growing demand for borage oils across several end-use industries, for example, food & beverages, medicines offers a massive market opportunity for the key players functioning in the borage oil market. The key trend presently observed in the borage oil market is new launches of borage oil-based products to cater to the growing demand for organic and clean labeling products globally.
On the other hand, strict regulations by food governing authority and fluctuating raw material prices may hinder the growth of borage oil in the future. Also, the risk associated with crop failure because of unpredictable early frost is expected to hamper the global growth of the borage oil market.
Global Borage Oil Market: Segment Analysis
By the application, the pharmaceutical segment is expected to account for the largest market share of the global market by 2027, because of increasing cases of diseases like obesity, asthma, eczema, rheumatoid arthritis, heart disease, stroke, cough, premenstrual syndrome, diabetes, depression, and others. Also, the cosmetics segment is expected to hold the highest growth rate, because of its find application in cleansers, anti-aging, moisturizers, body care, and hair products.
Global Borage Oil Market: Regional Analysis
By region, North America is expected to hold the largest revenue share in the borage oil market. This is mainly because of increasing usage in dietary supplements and functional food additives products along with higher demand for bio-based cosmetic products in countries in the North American region. The market in the Asia Pacific is expected to register the highest growth rate, because of increasing demand for natural and organic cosmetics products and growing consumer consciousness about health benefits in countries such as China and India in the Asia Pacific region.
The objective of the report is to present a comprehensive analysis of the Global Borage Oil Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Borage Oil Market dynamics, structure by analyzing the market segments and project the Global Borage Oil Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Borage Oil Market make the report investor’s guide.
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Scope of the Global Borage Oil Market
Global Borage Oil Market, By Form
• Oil
• Capsules
• Gels
Global Borage Oil Market, By Application
• Pharmaceuticals
• Cosmetics
• Food & Beverages
• Others
Global Borage Oil Market, By Distribution Channels
• Online
• Offline
Global Borage Oil Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Borage Oil Market
• AOS Product Pvt. Ltd
• ConnOils LLC
• Desert Whale Jojoba Company
• Icelandirect, Inc.
• Parchem Fine & Specialty Chemicals
• Premium Crops
• William Hodgson and Co
• Avestia Pharma
• Soyatech International Pvt. Ltd.
• Massinvestor, Inc
• Deve Herbes
• Nature's Way Products, LLC
• Natural Factors Nutritional Products Ltd
• Spring Valley Herbs & Vitamins
• Green Life UK.
• Aromex Industry
• K.K. Enterprise
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