Borage Oil Market Size, Share, Trends, Key Drivers, Development Trends and Industry Growth Outlook
The global borage oil market is expected to witness significant growth during the forecast period. The market is fragmented due to the presence of several small-scale manufacturers. Borage oil is mainly used for skin disorders such as red, itchy rash on the scalp (seborrheic dermatitis), eczema (atopic dermatitis) and a type of skin condition called neurodermatitis. The growing demand for products imparted with organic and natural ingredients, along with the rise in the use of personal and home care products by consumers with increasing per capita income and lifestyle changes are expected to drive the market's growth rate during forecast period.
Data Bridge Market Research analyses that the borage oil market was valued at USD 45.63 billion in 2021 and is expected to reach USD 73.28 billion by 2029, registering a CAGR of 6.10 % during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Scope of the Borage Oil Market Report:
The borage oil market is segmented on the basis of forms, distribution channel and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Forms
- Oil
- Capsules
- Gels
Distribution Channel
- Online
- Offline
- Others
Application
- Pharmaceuticals
- Cosmetics
- Food & Beverages
- Others
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Some of the major players operating in the borage oil market are:
- AOS Products Pvt. Ltd. (India)
- ConnOils LLC (U.S.)
- Icelandirect, LLC (U.S.)
- Premium Crops (Germany)
- RENKERT OIL (U.S.)
- Avestia Pharma (India)
- Malteurop (France)
- Soyatech International (India)
- Deve Herbes (India)
- Nature's Way Products, LLC (U.S.)
- Natural Factors USA (U.S.)
- At Greenlife Limited (U.K.)
- The Herbarie at Stoney Hill Farm, Inc. (U.S.)
- Rutland Biodynamics Ltd. (Scotland)
Borage Oil Market Regional Analysis/Insights
The Borage Oil market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Borage Oil market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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