The report of Borage Oil Market By Form (Oil, Capsules and Gels), By Application (Pharmaceuticals, Cosmetics, Food & Beverages and Others), By Distribution Channel (Online, Offline), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
The rising demand for borage oil in pharmaceutical applications, rising many spa and massage centers, varying standard of living of the people, and growing popularity of borage oil in aromatherapy are some of the factors expected to drive the growth of the borage oil market in the forecast period. Also, the rise in investments in R&D activities together with the growing demand for borage oils across several end-use industries, for example, food & beverages, medicines offers a massive market opportunity for the key players functioning in the borage oil market. The key trend presently observed in the borage oil market is new launches of borage oil-based products to cater to the growing demand for organic and clean labeling products globally.
On the other hand, strict regulations by food governing authority and fluctuating raw material prices may hinder the growth of borage oil in the future. Also, the risk associated with crop failure because of unpredictable early frost is expected to hamper the global growth of the borage oil market.
By the application segment, the pharmaceutical is expected to accounts for the largest market share of the global market by 2027, because of increasing cases of diseases like obesity, asthma, eczema, rheumatoid arthritis, heart disease, stroke, cough, premenstrual syndrome, diabetes, depression, and others. Also, the cosmetics segment is expected to hold the highest growth rate, due to its find application in cleansers, anti-aging, moisturizers, body care, and hair products.
North America is expected to hold the largest revenue share in the borage oil market. This is mainly due to increasing usage in dietary supplements and functional food additives products along with higher demand for bio-based cosmetic products in countries in the North American region. The market in the Asia Pacific is expected to register the highest growth rate, because of increasing demand for natural and organic cosmetics products and growing consumer consciousness about health benefits in countries such as China and India in the Asia Pacific region.
The key players of the global Borage Oil market are AOS Product Pvt. Ltd, ConnOils LLC, Desert Whale Jojoba Company, Icelandirect, Inc., Parchem Fine & Specialty Chemicals, Premium Crops, William Hodgson and Co, Avestia Pharma, Soyatech International Pvt. Ltd., Massinvestor, Inc, Deve Herbes, Nature’s Way Products, LLC, Natural Factors Nutritional Products Ltd, Spring Valley Herbs & Vitamins, Green Life UK., Aromex Industry, and K.K. Enterprise.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Borage Oil Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Borage Oil Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Borage Oil Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Borage Oil Market”.
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