Borage Oil Market is Prospering at USD 73.28 Billion by 2029, Size, Share, Emerging Trends, Industry Growth Factors, Key Drivers and Revenue Growth Outlook

The Global Borage Oil Market report reveals key market dynamics of the industry. This intelligence report includes investigations based on current scenarios, historical records, and future projections. The report contains different market forecasts related to market size, revenue, production, CAGR, consumption, gross margin, graphs, diagrams, pie charts, price, and other important factors. While emphasizing the key drivers and restraints of this market, the report also provides a comprehensive study of the future trends and developments of the market. It also examines the role of leading market players in the industry including their company profiles, financial summary, and SWOT analysis. It provides a 360-degree overview of the industry's competitive landscape.

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.

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.

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Some of the key players operating in the borage oil market are:
AOS Products Pvt. Ltd. (India)
ConnOils LLC (USA)
Icelanddirect, LLC (USA)
Premium Crops (Germany)
Lenkert Petroleum (USA)
Avestia Pharma (India)
Malteurop (France)
Soyatech International (India)
Deve Herbes (India)
Nature's Way Products, LLC (USA)
Natural Factors America (USA)
at Greenlife Limited (UK)
Herbarie of Stoney Hill Farm, Inc. (USA)
Rutland Biodynamics Ltd (Scotland)

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 DYNAMICS
Drivers
Rising demand of borage oil from the pharmaceutical sector
Borage oil is widely used in the pharmaceutical industry for specific formulations for instance, used in several stress and depression medicines and as a major component in various pharmaceutical products for the treatment of stress and depression issues. Borage oil is also used in the treatment of periodontitis, arthritis and multiple sclerosis. These are the major factors which increase the demand of borage oil in pharmaceutical sector are expected to boost market growth rate.

Growing demand of borage oil in cosmetic and personal care sector
The increasing demand for borage oil in the cosmetic and personal care industry will bring huge development opportunities for the borage oil market. The usage in cosmetic products is similar to that of pharmaceuticals. This serves special quality such as high temperature resistance in tropical regions or sun protection. Furthermore, the rising urbanization and the increasing disposable income of various individuals over all the globe which have led to a rise in the sales of personal and cosmetics care products. Hence, these factors will significantly shape the growth of the borage oil market.

Rising demand of dietary supplements
Dietary supplements are high in demand due to consumers' awareness and acceptance of these supplements. Dietary supplements are available in several forms such as powders, meal and capsules supplements. Borage oil capsules are also consumed for direct GLA supplements. The aging population is anticipated to be a major factor for the demand of food supplement and will also have a higher demand in the fitness sector.

Opportunities

Increasing consumer awareness regarding borage oil benefits
Borage oil can increase the transmission of nerve impulses, which may be important in curing Alzheimer's disease. Borage oil is the richest natural and organic source of gamma-linoleic acid, vitamins, macronutrients, minerals, etc. Therefore, growing consumer awareness regarding benefits and rising application of Borage oil is expected to create lucrative opportunities for the targeted market in the developing and developed regions.

Furthermore, the rising production of borage oil for commercial usage will also create several opportunities, leading to the growth of the borage oil market during the forecast period.

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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

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.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

What insights does the Borage Oil market report offer readers?

➜ Borage Oil Segmentation by Product Type, End-use and Region

➜ Comprehensive assessment of upstream raw materials, downstream demand, and market status

➜ Collaborations, R&D projects, acquisitions and product launches for each Borage Oil player

➜ Government regulations on consumption of borage oil in detail

➜ Impact of modern technologies such as big data and analytics, artificial intelligence and social media platforms on the global borage oil market.

There are 13 Sections to showcase the Global Borage Oil Market:

Chapter 1: Market Overview, Drivers, Restraints and Opportunities, Segmentation Overview

Chapter Two: Market Competition of Manufacturers

Chapter 3: Production by Region

Chapter Four: Regional Consumption

Chapter 5: Production, Revenue and Market Share by Type

Chapter 6: Consumption by Application, Market Share (%) and Growth Rate by Application

Chapter 7: Complete Manufacturers Profiles and Analysis

Chapter 8 : Manufacturing Cost Analysis, Raw Material Analysis, Regional Manufacturing Overhead

Chapter 9: Industry Chain, Sourcing Strategies and Downstream Buyers

Chapter 10 : Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Analysis of Market Influencing Factors

Chapter 12: Market Forecast

Chapter 13: Borage Oil Market Research Findings and Conclusion, Appendix, Methodology and Data Source

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