Press release
Borage Oil Market: Rapid Growth with Strong Future CAGR and Top Players by 2024-2031 | AOS Products Pvt. Ltd, Nordic Naturals, William Hodgson.
Borage Oil Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Borage Oil market from 2024 to 2031, and what is the market value expected to change by 2031?
Global Borage Oil Market reached US$ 47.12 billion in 2022 and is expected to reach US$ 79.81 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.
What is Borage Oil Market?
The borage oil market focuses on the extraction and distribution of oil derived from the seeds of the borage plant, known for its high gamma-linolenic acid (GLA) content, which offers various health benefits. Borage oil is commonly used in dietary supplements, cosmetics, and skincare products due to its anti-inflammatory and moisturizing properties. Market growth is driven by the increasing consumer demand for natural and organic products, rising awareness of the benefits of omega fatty acids, and the growing trend towards holistic health solutions. Additionally, expanding applications in the food industry and ongoing research into the therapeutic properties of borage oil further contribute to market expansion.
Growth Driver
Increasing Popularity of Borage Oil in Personal Care Products
Manufacturers are producing various grades of borage oil, including pharmaceutical and cosmetic grades, to meet the specific needs of different applications. This oil serves as a natural and organic component in the formulation of a wide range of personal care products. As global demand for clean and natural beauty continues to rise, consumers are increasingly drawn to products made with natural ingredients. This shift is motivating manufacturers to innovate and create new products that align with these evolving beauty standards.
Key Players:
Profiles of some of the major players in the global Borage Oil market, which include AOS Products Pvt. Ltd, Nordic Naturals, William Hodgson and Co, K. K. Enterprise., Icelantirect, LLC, Nature's Way Brands, ConnOils LLC, Parchem, SNN Natural Products, Pure Oil India.
Industry Development:
In July 2023, renowned Irish beauty expert Anita Murray launched Be Kingdom Kind, unveiling Huggabubble, a line of children's skincare products. These products are highly regarded by consumers for being formulated with 99.8% natural ingredients, including borage seed oil and chamomile.
The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Borage Oil market.
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Market Segments:
The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.
By Type: Refined, Unrefined.
By Form: Capsules, Gels, Other.
By Extraction Methods: Cold pressing, Low-Temperature Extraction, Solvent Extraction, Other.
By Distribution Channel: Supermarkets/ Hypermarket, Specialty Stores, E-Commerce, Other.
By Grade: Pharmaceutical Grade, Cosmetic Grade, Other.
By Application: Cosmetics, Pharmaceuticals, Dietary Supplements, Food & Beverages, Others.
Regional Break out:
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Key Features:
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➧ Track competitor's movements in real time, allowing you to swiftly adapt strategies and remain competitive.
➧ Compare your performance with industry leaders to identify gaps, strengths, and areas for improvement.
➧ Stay updated with emerging market trends, technological advancements, and customer behaviour to refine your strategy.
➧ Receive actionable insights and recommendations to drive your business toward growth and long-term success.
➧ Tailor competitive intelligence to your unique business needs, ensuring relevant and focused analysis.
➧ Evaluate supply chain efficiency and logistics strategies to optimize operations and minimize disruptions.
➧ Understand key players, stakeholders, and partnerships to navigate the competitive landscape more effectively.
➧ Identify and target specific market segments with detailed intelligence on customer preferences and behaviours.
➧ Stay informed on regulatory changes and legal requirements impacting your industry to ensure compliance and mitigate risks.
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