Borage Oil Market - Forecast(2022 - 2027)
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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, and anti-aging purposes. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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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 20212026 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. Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Borage Oil Market report. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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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 • • • • • • • • • •
Nature’s 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 More About the Report
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