Global Borage Oil Market Growth, Share, Size, Trends and Forecast (2023 - 2029)
Segmented by Application;
Cosmetics, Medical, Dietary Supplements and Others.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2019 - 2029).Introduction
Global Borage Oil Market (USD Million), 2019 - 2029
# | Global |
---|---|
2019 | 60.9 |
2020 | 67.4 |
2021 | 77.1 |
2022 | 79.9 |
2023 | 88.6 |
2024 | 101.4 |
2025 | 113.7 |
2026 | 117.7 |
2027 | 137.1 |
2028 | 143.6 |
2029 | 154.7 |
In the year 2022, the Global Borage Oil Market was valued at USD 3,617.91 million. The size of this market is expected to increase to USD 4,857.89 million by the year 2029, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.
Global Borage Oil Market Report Snapshot
Parameters | Description |
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Market | Global Borage Oil Market |
Study Period | 2019 - 2029 |
Base Year (for Borage Oil Market Size Estimates) | 2022 |
Study Scope |
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Market Segmentation |
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Geographical Coverage |
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Company Coverage |
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Premium Insights |
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Market Analysis
This report extensively covers different segments of Global Borage Oil Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global Borage Oil Market Analysis
In this report, the Global Borage Oil Market has been segmented by Application and Geography. Borage seed oil is used to treat skin diseases such as eczema (atopic dermatitis), a red, itchy rash on the scalp (seborrheic dermatitis), and neurodermatitis. Our groundbreaking borago deep conditioning mask, which treats your hair from the inside out for thick, silky hair with elastic style ease, is also based on borage oil. We understand that you only use the most powerful, healthy, and effective substances on your hair. Spring valley fish, flax, and borage oil softgels are a dietary supplement that promotes heart health. Omega-3, omega-6, and omega-9 fatty acids improve heart, joint, and skin health and are abundant in fish, flax, and borage oil. Furthermore, these softgels include no borage oil benefits, gluten, yeast, wheat, milk, lactose, sugar, or preservatives. Linolenic acid. As previously stated, borage oil has a high gla or linolenic acid percentage. Your body converts gla, a kind of fatty acid, into prostaglandin. According to certain research, starflower oil benefits the skin by fortifying its defences. In a randomised double-blind trial to treat the signs and symptoms of rheumatoid arthritis, the effects of starflower oil, fish oil, and a combination of the two were studied.
Global Borage Oil Market , Segmentation by Application
The Global Borage Oil Market has been segmented by Application into Cosmetics, Medical, Dietary Supplements and Others. The complete Global Borage Oil Market segmentation by Application can be seen below:
- Global Borage Oil Market, By Application
- Cosmetics
- Medical
- Dietary Supplements
- Others
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Applications mentioned above for historic (2019 - 2022) and forecast (2023 - 2029) periods with 2022 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Application is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global Borage Oil Market , by Application (USD Million), 2019 - 2029
# | Cosmetics | Medical | Dietary Supplements | Others |
---|---|---|---|---|
2019 | 78.8 | 103.1 | 99.7 | 99.9 |
2020 | 94.4 | 120.3 | 104.8 | 115.1 |
2021 | 102.2 | 133.4 | 120.0 | 127.7 |
2022 | 113.9 | 136.3 | 129.9 | 138.7 |
2023 | 132.7 | 137.0 | 146.7 | 159.3 |
2024 | 148.3 | 144.0 | 170.8 | 188.3 |
2025 | 175.6 | 151.4 | 171.9 | 199.7 |
2026 | 197.5 | 174.9 | 187.8 | 221.7 |
2027 | 201.6 | 187.5 | 189.8 | 255.1 |
2028 | 233.4 | 221.4 | 221.2 | 299.1 |
2029 | 253.9 | 230.6 | 229.3 | 336.6 |
Global Borage Oil Market, Segmentation by Geography
In this report, the Global Borage Oil Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Borage Oil Market Share (%), by Geographical Region, 2022
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the Borage Oil Market in all the Regions and Countries (specified above) for historic (2019 - 2022) and forecast (2023 - 2029) Periods with 2022 considered as the base year.
This report also provides an analysis of why the market size of Borage Oil in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global Borage Oil Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The factors driving the growth of Global Borage Oil Market will be discussed in detail in the full report.
- The factors hindering the growth of Global Borage Oil Market will be discussed in detail in the full report.
- The new opportunities in Global Borage Oil Market will be discussed in detail in the full report.
- Global Borage Oil Market Drivers will be discussed in detail in the full report.
- Global Borage Oil Market Restraints will be discussed in detail in the full report.
- Global Borage Oil Market Opportunities will be discussed in detail in the full report.
Market Opportunity Map
This report provides market opportunity map for Borage Oil Market. The opportunity map (by market segments; Application) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global Borage Oil Market, Opportunity Map, By Region (2019 - 2029)
North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of Borage Oil Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global Borage Oil Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global Borage Oil Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Some beauty and skin care products are starting to use starflower oil because it is thought to make the skin healthier. Some research has shown that starflower oil is good for the skin because it makes the skin's protective barrier stronger. A study published in the annals of internal medicine found that starflower oil can help regulate the immune system and improve the symptoms of rheumatoid arthritis. It does this by making arthritis pain less bad and reducing swelling. Studies have shown that eczema and psoriasis can be helped by taking the oil by mouth or putting it on the skin. There are 7 things you should know about borage oil, evening primrose oil, and starflower oil. 1. It can help with pain and swelling. The gla in borage oil is a polyunsaturated fatty acid (pufa), which is believed to help lower inflammation, enhance general health, and decrease the ageing process. Omega-3 and omega-6 fatty acids are important for fighting disease because they help stop molecules that cause disease from getting out into the body.
Borage is also called "Star-flower," and it grows wild in many places around the world. At least since roman times, borage has been used in different medicines. During that time, several writers wrote about the mysterious healing properties of borage leaves that had been steeped in wine, which may have also contributed to these "Healing properties." borage seed oil is known to be good for both external and internal use, and it has gamma linolenic acid in it (gla). You can buy borage seed oil from online stores, and then mix it into your food right before you serve it. To get the most health benefits from this oil, you shouldn't heat it. Instead, you should use it cold.
Bargaining Power of Suppliers
Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
---|---|---|---|---|
20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global Borage Oil Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
---|---|---|---|---|
10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global Borage Oil Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
---|---|---|---|---|
20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global Borage Oil Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
---|---|---|---|---|---|
2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global Borage Oil Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
---|---|---|---|---|
5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global Borage Oil Market include, AOS Products Private Limited, Aromex Industry, Connoils LLC., Desert Whale Jojoba Company, Icelandirect Inc., K.K. Enterprise, Parchem Fine & Specialty Chemicals, Premium Crops Ltd., William Hodgson & Co., Avestia Pharma, Nordic naturals, Oilseed Extractions and Soyatech International Pvt. Ltd.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
---|---|---|---|---|---|---|---|---|---|---|
Product 1/Service 1 | ||||||||||
Product 2/Service 2 | ||||||||||
Product 3/Service 3 | ||||||||||
Product 4/Service 4 | ||||||||||
Product 5/Service 5 | ||||||||||
Product 6/Service 6 | ||||||||||
Product 7/Service 7 | ||||||||||
Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Opportunity Map
- Global Borage Oil Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Restraints
- Opportunities
- Regulatory Scenario
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Borage Oil Market, By Application, 2019 - 2029 (USD Million)
- Introduction
- Market Share Analysis, 2023 and 2029 (%)
- Y-o-Y Growth Analysis, 2020 - 2029
- Segment Trends
- Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2029 (USD Million)
- Medical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2029 (USD Million)
- Dietary Supplements
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2029 (USD Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2029 (USD Million)
- Cosmetics
- Global Borage Oil Market, By Geography, 2019 - 2029 (USD Million)
- Introduction
- Market Share Analysis, 2023 and 2029 (%)
- Y-o-Y Growth Analysis, 2020 - 2029
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Japan
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- GCC
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019 - 2029 (USD Million)
- Brazil
- North America
- Global Borage Oil Market, By Application, 2019 - 2029 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- AOS Products Private Limited
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Aromex Industry
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Connoils LLC.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Desert Whale Jojoba Company
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Icelandirect Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- K.K. Enterprise
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Parchem Fine & Specialty Chemicals
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Premium Crops Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- William Hodgson & Co.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Avestia Pharma
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Nordic naturals
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Oilseed Extractions
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Soyatech International Pvt. Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- AOS Products Private Limited
- Analyst Views
- Future Outlook of the Market
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