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.
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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.
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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.
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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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