Title: Borage Oil Market - Forecast(2022 - 2027)
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. Owing to its
anti-inflammatory and antioxidant properties, the
oil is widely used in the production of cosmetics
for various applications including skincare, hair
treatment
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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 Borage
Oil Market based on the Distribution Channel can
be further segmented into Offline and Online. The
Online segment held the largest share in 2020.
The growth is owing to the wide range of
availability coupled with the change in buying
behavior of consumers and the door-to-door
delivery of online retailers by serving even in
remote parts of the cities. The easy availability
of various products in online channels is driving
the growth of the Borage Oil Market. The Offline
segment is estimated to be the fastest-growing
segment with a CAGR of 4.9 over the period
2021-2026.
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- Borage Oil
Market Outlook - Natures Way
- Connoils LLC
- Now Foods
- NutriPlex Formulas
- Desert Whale Jojoba Co
- Deve Herbs
- Aromex Industries
- Nordic Naturals
- Spring Valley Herbs
- Green Life U.K
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Borage Oil Market - Forecast(2022 - 2027) Learn
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