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, often referred to as borage seed oil, is a botanical oil extracted from the seeds of the borage plant. It is one of the richest natural sources of gamma-linolenic acid (GLA), an omega-6 fatty acid, which is essential for the body and plays a role in maintaining various bodily functions. It is typically cold pressed as this method preserves its nutritional integrity and avoids exposure to heat, which can degrade its beneficial compounds. It is available in both capsule and liquid forms, making it easy to incorporate into your daily routine. It has anti-inflammatory properties, which can help alleviate symptoms associated with various chronic inflammatory conditions. It can assist in regulating hormonal fluctuations, potentially reducing the discomfort associated with menstruation and menopause. It can contribute to the health of the nervous system and help with conditions, such as neuropathy. It may help regulate cholesterol levels and lower blood pressure, which are crucial factors for cardiovascular health. 

Global Borage Oil Market Trends and Drivers:

At present, the increasing demand for alternatives to synthetic pharmaceuticals among health-conscious individuals represents one of the crucial factors impelling the growth of the market. Besides this, the rising incorporation of borage oil in nutraceuticals and dietary supplements is contributing to the market growth. Additionally, the consumption of plant-based diets and the growing interest in vegan and vegetarian lifestyles are catalyzing the demand for borage oil, as it provides a rich source of essential fatty acids without the need for animal-based products, aligning with these dietary preferences and lifestyles. Apart from this, as individuals seek natural and botanical-based ingredients in their skincare products, borage oil is being incorporated into a variety of formulations, including creams, serums, and lotions. Moreover, ongoing scientific studies and clinical research are shedding light on the potential health benefits of borage oil, strengthening its position as a valuable and credible ingredient in both dietary and therapeutic applications. Furthermore, e-commerce platforms are playing a pivotal role in facilitating the easy accessibility and distribution of borage oil products.

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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