Borage
oil is derived from borage or starflower is wildflower from the
Boraginaceae family or extracted from seeds of borage. Borage oil is
golden-yellow in color and has a faintly pleasant odor. It is
well-known for its various medicinal values and health benefits.
Borage
is a herb native to Syria but now a day grows well throughout North
Africa, the Middle East, Europe, South America, and many other
regions. Borage is identified by its bright blue colored flowers and
ferny leaves with white hair and cucumber kind of fruit. Borage
flower is also known as bee flower as attracts bees. Borage oil is
known for its various benefits since centuries and used as medicine
as well as in culinary applications.
Borage
oil is known for its skin care properties, medicinal values, and
culinary uses etc. It can be well blended with other oils, the
richest source of linoleic acid in all other essential oils. Thus,
market demand from the various application is higher and growing
rapidly.
Borage
Oil Market Segmentation:
Borage
oil market is
segmented on the basis of its applications as pharmaceuticals,
cosmetics, food and beverages. Borage oil enjoys a significant share
in essential oils market owing to its wide usage in pharmaceutical
products. Borage oil has proven beneficial in various disease
treatments which include, stress and depression, hormone problems,
lungs inflammation, treatments of bronchitis and cold, and nervous
system function etc. Owing to these wide benefits market demand from
pharmaceutical industry is high. Borage oil is also been popular in
aromatherapy since ancient times and also used in spa and massage. It
is proven helpful in skin problems such as it can help treat acne,
and eczema, it also acts as hair revitalizer, aids weight loss,
anti-aging, thus market demand from herbal or natural product based
cosmetics is growing. In food and beverage industry Borage oil is
used for culinary applications. Borage oil market is further
segmented on the basis of extraction methods such as cold-pressing of
seeds of the flower and
heat-infusion with a carrier oil. Cold-pressing is the better method
as in infusion may lead to loss of nutrition. Thus cold-pressed oil
is demanded in the market.
Borage
oil market is further segmented on the basis region as Latin America,
North America, Europe, Asia-Pacific and the Middle East and Africa. A
major share of production come from African countries. However, North
America, Europe, and Asia-Pacific markets grab major consumption
share of borage oil in the global market.
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Borage
Oil Market Drivers:
Increasing
consumer demand for natural cosmetics is a major factor driving
market demand for borage oil based skin care products. Changing
lifestyle focused more towards relaxation and leisure in the
developing region with a simultaneous increase in a number of spa and
massage centers and aromatherapy is expected to drive the usage of
borage oil. Changing lifestyle and hectic work culture is causing
various stress and depression issues driving the growth of medicines
related to memory and stress which is in turn expected to drive
market demand for borage oil in the pharmaceutical market segment.
Various applications of borage oil in the treatment of arthritis,
Periodontitis, and multiple sclerosis is another factor fueling the
growth of the global borage oil market. Borage oil can boost the
transmission of nerve impulses, which may be valuable in treating
Alzheimer’s disease. Borage oil is a richest natural source of
gamma-linoleic acid, macronutrients, vitamins, and minerals etc.
Thus, rising application of Borage oil and growing consumer awareness
regarding benefits of it is expected to spur market demand in the
developing and developed regions.
Borage
Oil Market Key players:
Key
market players manufacture and suppliers of borage oil include Deve
Herbs, Now Foods, Nature's Way, Natural Factors, Spring Valley Herbs,
NutriPlex Formulas, Green Life U.K. etc.
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