What is the outlook for the borage oil market?

The global borage oil market size reached US$ 51.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 77.0 Million by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.

Factors Affecting the Growth of the Borage Oil Industry:

Growing Consumer Awareness:

The borage oil market experiences significant growth due to the rising consumer awareness of its health benefits. With increasing access to information about its nutritional value and therapeutic properties, particularly its high gamma-linolenic acid (GLA) content, consumers are actively seeking out borage oil supplements for various health concerns. This heightened awareness has been instrumental in driving demand for borage oil, especially among individuals looking for natural remedies to address conditions such as skin disorders, inflammation, and overall wellness. Moreover, ongoing research and positive testimonials further contribute to raising awareness about the potential health-promoting properties of borage oil, fueling its adoption in dietary supplements and functional foods.

Expanding Applications in Nutraceuticals and Cosmetics:

The borage oil market is witnessing growth due to its increasing applications in nutraceuticals and cosmetics. With its rich nutritional profile and beneficial properties, borage oil is widely utilized in various products. In the nutraceutical sector, borage oil is valued for its anti-inflammatory and antioxidant properties, making it a popular ingredient in dietary supplements and functional foods targeted towards promoting overall health and well-being. In the cosmetics industry, borage oil is sought after for its moisturizing and anti-aging effects, making it a key component in skincare formulations. As consumers prioritize natural and plant-based ingredients in their products, the demand for borage oil continues to rise, driving market expansion.

Top Companies in the Borage Oil Industry:

AOS Products Pvt. Ltd.

Aromex Industry

Avestia Pharma

ConnOils LLC

Deve Herbes

Gustav Heess GmbH

Icelandirect LLC

Nature's Way Products LLC (Dr. Willmar Schwabe GmbH & Co. KG)

Nordic Naturals Inc.

Parchem Fine & Specialty Chemicals

Premium Crops Ltd (Cefetra Ltd)

Soyatech International Pty Ltd

William Hodgson and Co

For an in-depth analysis, you can request a sample copy of the report: https://www.imarcgroup.com/borage-oil-market/requestsample

Borage Oil Market Report Segmentation:

By Application:

Pharmaceuticals

Cosmetics

Dietary Supplements

Others

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa