Action required: Please refresh your browser
We have recently implemented some changes that require a hard refresh of your browser: Please hold down the CTRL-key and press the F5 key.
After a successful hard refresh, this message should not appear anymore.
More details about this topic are available here »
| Borage Oil Market Size Estimated Worth $54.9 Million by 2024: Grand View Research, Inc. | ||
| By: PR Newswire Association LLC. - 05 May 2016 | Back to overview list |
|
SAN FRANCISCO, May 5, 2016 /PRNewswire/ -- The global borage oil market is expected to reach USD 54.9million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for natural ingredient-based cosmetics, nutraceuticals and dietary supplements are expected to foster the market growth over the forecast period. Gamma linolenic acid (GLA) rich borage oil also possesses extraordinary anti-inflammatory properties, which makes it a preferred ingredient for cosmetics and skin ointments. Borage oil is also used for direct human consumption through capsules or as a food supplement. (Logo: http://photos.prnewswire.com/prnh/20150105/723757 ) Canada and the UK enjoy strategic advantage of high altitude and favorable weather where borage growers can grow good quality seeds at comparatively lower cost than the other countries. However, the crop has a high risk of failure due to unpredictable rains and frost in the region which results in drastic raw material supply fluctuations for borage oil production. Medical emerged as the leading application segment and accounted for 38.7% of total market volume in 2015. Myriad of health benefits offered by the use of borage oil has contributed towards its greater penetration in this industry, and this trend is expected to continue over the forecast period. The segment is also expected to witness the highest growth of 5.4% from 2016 to 2024. Various regulations promoting the use of natural ingredients in pharmaceuticals and food applications are expected to trigger the borage oil demand over the forecast period. However, German Federal Health Agency limits borage oil consumption to not more than 1mg per day. Browse full research report with TOC on "Borage Oil Market Analysis By Application (Cosmetics, Medical, Dietary Supplements) And Segment Forecast To 2024" at: http://www.grandviewresearch.com/industry-analysis/borage-oil-market Further key findings from the report suggest:
Grand View Research has segmented the global borage oil market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Read Our Blogs - ni2014.org, grandviewresearch.com/blogs/healthcare Contact: Web: http://www.grandviewresearch.com SOURCE Grand View Research, Inc. 
|
||
|
|
||
 | Back to overview list | |