The
rising demand for products such as dietary supplements, cosmetics,
and nutraceuticals, which are made from natural ingredients is
driving the global borage oil market, states a
new report by Transparency Market Research (TMR). The report is
titled, ‘Borage Oil Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2016 – 2023.’ The report includes
market dynamics such as drivers, restraints, opportunities, and
trends impacting the borage oil market worldwide. The
report also discusses the vendor landscape, including aspects such as
market positioning of key players, their recent developments, and
competitive strategies adopted by them. Key segments of the global
borage oil market have also been studied.
View
exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=11927
The
use of borage oil for weight loss and reducing inflammation is the
prime reason behind their heightened demand. Borage oil has
extraordinary anti-inflammatory properties, making it a preferred
ingredient for use in skin ointments and cosmetics, thus driving
their market. Borage oil is also used for direct human consumption as
a food supplement or through capsules, which is expected to fuel its
demand in the coming years. The gamma linolenic acid (GLA) present in
borage oil has many desirable properties beneficial to health, which
is in turn expected to bolster the demand for this oil.
Growing
awareness regarding the use of natural ingredients in food products
and pharmaceuticals are expected to trigger a demand for borage oil.
However, recommendations such as the one by German Federal Health
Agency regarding limiting the consumption of borage oil to not more
than 1mg per day will dampen its demand.
On
the basis of application, the demand for borage oil is significant
from the medical segment. The rising incidences of obesity,
premenstrual syndrome, eczema, cough, stroke, rheumatoid arthritis,
depression, heart disease, asthma, and diabetes are fueling the
demand for borage oil capsules and supplements, thus driving the
medical segment.
On
the basis of geography, Asia Pacific accounts for a significant share
in the market owing to the rapid increase in the demand for
nutraceuticals, pharmaceuticals, and cosmetics in the region.
Analysts have observed that majority of the demand is expected to
come from the emerging nations such as Indonesia, China, and India.
Canada and the U.K. enjoy favorable weather conditions where quality
borage can be produced at a relatively lower cost as compared to
other countries. However, unpredictable rains and frost in the region
can result in drastic raw material supply fluctuations for borage oil
production.
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