Borage Oil Market Size Worth USD 104.34 Million by 2034 | CAGR: 5.9%

The global borage oil market size is expected to reach USD 104.34 million by 2034, according to a new study by Polaris Market Research. The report “Borage Oil Market Size, Share, Trends, Industry Analysis Report: By Nature, Delivery Form (Liquid and Capsule), Application, Distribution Channel, End Use, and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The borage oil market refers to the demand for oil extracted from borage plant seeds, known for its high gamma-linolenic acid (GLA) content, offering anti-inflammatory and skin health benefits in various products. The increase in the consumption of dietary supplements is driving the borage oil market. For instance, according to the Indian Department of Pharmaceuticals, sales of dietary supplements increased by 7.44% in 2021 compared to 2017, reflecting a growing awareness of health and wellness among consumers. Many people are moving to natural products to support their health, and borage oil, with its high gamma-linolenic acid (GLA) content and anti-inflammatory benefits, is gaining popularity as an effective supplement. This rising interest in dietary supplements is encouraging manufacturers to include borage oil in their offerings, leading to the borage oil market growth.

The growth of the e-commerce sector is significantly boosting the borage oil market by making these products more accessible to consumers. For instance, according to the India Brand Equity Foundation, In India, the e-commerce sector employs over 15.8 million people, enabling easier online purchases. This increased accessibility encourages more consumers to try borage oil, driving its popularity and benefiting both manufacturers and consumers. Therefore, the growth of the e-commerce sector is boosting the borage oil market demand.

Bottom of Form

Do you have any questions? Would you like to request a sample or make an inquiry before purchasing this report? Simply click the link below: https://www.polarismarketresearch.com/industry-analysis/borage-oil-market/request-for-sample

The expanding skincare industry is driving up demand for borage oil. Borage oil is known for its hydrating and soothing properties, which are becoming popular as consumers increasingly seek natural ingredients and clean beauty products. As a result, manufacturers are incorporating borage oil into their formulations, leading to growth in the borage oil market.

Borage Oil Market Report Highlights

• The liquid segment is expected to register a significant CAGR in the global market due to an increase in demand for liquid borage oil from various end-use industries, such as cosmetics and pharmaceuticals.
• The cosmetic segment dominated the market in 2024 due to the rise in the application of borage oil in the cosmetic industry.
• In 2024, North America had the largest borage oil market revenue share due to increase in personal spending.
• The borage oil market in India is projected for substantial growth due to an increase in consumption of dietary supplements.
• The global key market players are A.G. Organica Pvt, Ltd; AOS Products Pvt. Ltd.; ConnOils by Kraft, Icelandirect, LLC, K.K. ENTERPRISE; Parchem, William Hodgson and Co, Avestia Pharma, Nordic Naturals, Kerfoot Group, Soyatech International, USANA Health Sciences Inc.; and O&3.

Polaris Market Research has segmented the borage oil market report based on nature, delivery form, application, distribution channel, end use, and region:

By Nature Outlook (Revenue - USD Million, 2020–2034)

• Organic
• Conventional

By Delivery Form (Revenue - USD Million, 2020–2034)

• Liquid
• Capsule

By Application (Revenue - USD Million, 2020–2034)

• Skin Care
• Anti-Inflammatory
• Antioxidant
• Haircare
• Anti-Ageing

By Distribution Channel (Revenue - USD Million, 2020–2034)

• Online
• Retail
• Pharmacies

By End Use (Revenue - USD Million, 2020–2034)

• Pharmaceutical
• Cosmetics
• Food and Beverages
• Animal Feed          

By Regional Outlook (Revenue - USD Million, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Borage Oil Market Report Scope