Global Borage Oil Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Borage oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Borage oil market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

The global borage oil market size reached US$ 48.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 65.6 Million by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Borage oil, derived from the seeds of the flowering Borago officinalis plant, is abundant in crucial fatty acids, including omega-6 fatty acids, linoleic acid, and oleic acid. Additionally, it contains vitamin E and essential minerals like zinc. This oil aids in hormone regulation and can prevent conditions such as premenstrual syndrome (PMS) and menopausal symptoms. Furthermore, it promotes brain health, enhances cognitive function, and supports cardiovascular well-being by regulating blood pressure and cholesterol levels. Borage oil is beneficial for maintaining healthy skin, managing inflammation, and promoting overall health. Its applications extend to dietary supplements and skincare products like creams, lotions, and serums, which are used for moisturizing and nourishing the skin.

Global Borage Oil Market Trends and Drivers:

The surging desire for natural and organic skincare items is driving an uptick in the utilization of borage oil within the cosmetics sector. Its elevated gamma-linolenic acid (GLA) content is a boon for skin health, helping maintain optimal hydration levels. Furthermore, the growing recognition of the health advantages linked with essential fatty acids is spurring the demand for dietary supplements containing borage oil, owing to its potential in managing inflammatory ailments. Beyond this, the increasing trend toward sustainable and eco-friendly sourcing is motivating manufacturers to investigate borage oil's potential as a renewable resource, consequently fueling market expansion. Moreover, the escalating incidence of skin-related concerns, such as eczema and dry skin, is reinforcing market growth. Additionally, the global aging population is embracing borage oil more, seeking its potential in alleviating menopausal symptoms—a demographic increasingly inclined towards natural alternatives. Furthermore, the expanding awareness among the populace regarding the health benefits afforded by borage oil, including its efficacy in blood pressure regulation and cholesterol management, is stimulating its adoption as a functional food ingredient. Moreover, the evolving landscape of alternative medicine and holistic approaches is fueling the increased utilization of borage oil in natural remedies for conditions such as PMS.

Global Borage Oil Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: AOS Products Pvt. Ltd., Aromex Industry, Avestia Pharma, ConnOils LLC, Deve Herbes, Gustav Heess GmbH, Icelandirect LLC, Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG), Nordic Naturals Inc., Parchem Fine & Specialty Chemicals, Premium Crops Ltd (Cefetra Ltd), Soyatech International Pty Ltd, William Hodgson and Co, etc.

The report segmented the market on the basis of region, application.

Breakup by Application:

  • Pharmaceuticals
  • Cosmetics
  • Dietary Supplements
  • Others

Breakup by Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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