Title: Borage Oil Market - Forecast(2023 - 2028)
1Borage Oil MarketMarket size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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- Borage Oil Market size is estimated to
reach 60.6 million by 2026, growing at a CAGR of
4.4 during the forecast period 2021-2026. Borage
oil is naturally extracted from a wildflower
called borage or starflower, which belongs to the
Boraginaceae family. Borage seed oil contains
high concentrations of gamma linolenic acid,
omega-6 fatty acid, and possibly small amounts of
pyrrolizidine alkaloids. The oil is mainly
derived from the seeds of the flower and is known
for its nutritional value, anti-inflammatory
properties, and health benefits.
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- Key Takeaways
- Geographically, Asia-Pacific Borage Oil Market
accounted for the highest revenue share in 2020
and it is poised to dominate over the period
2021-2026 owing to the increase in the use of
nutritional supplements and functional food
additive products. - The growing focus to produce borage oil that is
certified free of toxic unsaturated pyrrolizidine
alkaloids to enhance its benefits is driving the
Pharmaceuticals segment growth. However,
fluctuation in raw material supply and prices is
one of the major factors that is said to reduce
the growth of the Borage Oil Market.
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By Distribution Channel- Segment Analysis The
Borage Oil Market based on the Application can be
further segmented into Cosmetics, Food and
Beverages, Pharmaceuticals, and Others. The
Pharmaceuticals segment held the largest share in
2020 owing to the proven benefits in treatments
for various ailments which include stress,
depression, hormonal problems, pneumonia,
treatments for bronchitis, cold, nervous system
function, and others. The growing focus to
produce borage oil that is certified free of
toxic unsaturated pyrrolizidine alkaloids is
driving the growth of the Borage Oil Market.
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- Borage Oil Market Industry Outlook
- Natures Way
- Connoils LLC.
- Now Foods
- NutriPlex Formulas
- Desert Whale Jojoba Co.
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Borage Oil Market- Forecast(2021 - 2026) Learn
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