Global Borage Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

 “Global Borage Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global borage oil market report has been segmented on the basis of application and region.

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Global Borage Oil Market: Overview

Borage oil is a high source of gamma-linolenic acid (GLA). It is obtained from the seeds of the plant Borago officinali belonging to Boraginaceae family. Borage oil is used as an herbal treatment of numerous skin disorders such as, seborrheic dermatitis, neurodermatitis, eczema as well as other inflammatory related health issues, etc. Borage oil is brilliant yellow in color. It is a generally extracted from Virgin Vegetable Oil from the seeds by cold pressing process. It is easy to spread and has high penetration and moisture retention properties. Borage seed oil contains high levels of important ingredients namely: polyunsaturated omega-6 essential fatty acids, gamma-linolenic acid (GLA), and linolenic acid. Borage oil is well known for its health advantages and are widely used in medication and culinary applications.

Global Borage Oil Market: Dynamics

Increasing popularity of borage oil in aromatherapy is a key factor expected to drive revenue growth of the global borage oil market. In addition, higher per capita income level, growing population, increasing usages of borage oil in personal care and cosmetic industry, increasing number of spa and massage centers, changing lifestyle are some of the factors driving the growth of the global borage oil market over the next 10 years. Furthermore, borage oil is beneficial for treatments of various diseases including, hormone problems, stress and depression, lungs inflammation, nervous system function, treatments of bronchitis and cold, etc. However, fluctuating raw material prices and stringent regulations by food governing authority are some major factors expected to hamper the growth of the target market to a certain extent.

Global Borage Oil Market: Segment Analysis

Among the application segment, pharmaceutical is expected to register highest market share, owing to increasing cases of diseases such as obesity, asthma, eczema, rheumatoid arthritis, heart disease, stroke, cough, premenstrual syndrome, diabetes, depression, and others. In addition, cosmetics segment is expected to register highest growth rate, owing to it find application in cleansers, anti-aging, moisturizers, body care, and hair products.

Global Borage Oil Market: Trends

The key trend currently observed in the target market is new launches of borage oil-based products in order to, cater to the growing demand for organic and clean labeling products globally.

Global Borage Oil Market: Regional Analysis

In 2018, the markets in North America is expected to account for majority of revenue share in the target market. This is primarily attributed to, increasing usage in dietary supplements and functional food additives products as well as higher demand for the bio-based cosmetic product in countries in the region. The market in the Asia Pacific is expected to register the fastest growth rate, due to increasing demand for natural and organic cosmetics products and growing consumer awareness about health benefits in countries such as China and India in Asia Pacific region.

Global Borage Oil Market Segmentation:

Segmentation by application:

• Pharmaceutical
• Cosmetics
• Food & Beverages
• Others

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa