The global Borage Oil Market is expected to reach USD 61.6 Million by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the growing application of borage oil amongst the end-use industries.
Growing demand for borage oil from the cosmetics and the personal care industry is one of the significant factors influencing the market growth. Borage oil finds both internal and topical usage for the treatment of inflammation. Borage Oil has a very high level of Gamma-Linolenic Acid (GLA), a vital fatty acid, which cannot be produced by the human body. The protective characteristics of borage oil aids to seal the moisture and maintain the suppleness of the skin. It is beneficial in shooting and healing dry skin, which may be blended with other rich oil for added hydration. Moreover, if a person skin is vulnerable to inflammation redness, or rosacea, borage oil is beneficial in providing relief from the condition.
Increasing demand for borage oil in pharmaceutical applications is fuelling the market demand. Borage seed oil is a kind of nutritional supplement, which has a high volume of essential fatty acids helpful in regulating the immune system of the human body along with combating joint inflammation. It has been found that borage seed oil may provide relief from the symptoms of rheumatoid arthritis. When taken internally through the oral route, borage oil finds usage in treating treat both short term and long term conditions comprising stress, PMS symptoms, hormonal imbalance, diabetes, and rheumatoid arthritis pain. Also, it has been used to reduce inflammation, menopause symptoms, and stimulate breast milk production.
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Competitive Landscape:
The research report offers details about leading companies in the global Borage Oil market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- Connoils LLC,
- Icelandirect Inc.,
- AOS Products Pvt. Ltd.,
- K. Enterprise,
- Premium Crops Ltd.,
- Aromex Industry,
- Avsetia Pharma,
- Nordic Naturals,
- Desert Whale Jojoba Company,
- William Hodgson Co.
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Borage Oil Market Segmentation based on Forms Outlook
- Oil
- Capsules
- Gels
Borage Oil Market Segmentation based on Distribution Channel Outlook
- Online
- Offline
Borage Oil Market Segmentation based on Application:
- Pharmaceuticals
- Cosmetics
- Food Beverages
- Others
Borage Oil Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Borage Oil Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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