What is Borage Seed Oil ?
Borage which is also known as starflower is a type of an herb which is originated from Mediterranean region. The plant is mostly cultivated for the borage seed oil, which has several health benefits associated with it such as for facial and skin care, arthritis, cardiovascular diseases and others. It is available both in organic and regular formats in market. Borage seed oil is said to be high in omega 6 type of fatty acids. The market of borage seed oil is driven by growing demand for natural seeds and herbs based products which has been stimulated especially after the recent pandemic. E-commerce based marketing of the product has led to expansion of the consumer base for the manufacturers of the borage seed oil. North America and Europe are currently the two prominent markets of the borage seed oil.
The market study is broken down and major geographies with country level break-up.
Rising popularity of herbs and seeds because of their potential benefits as well as growing tendency to opt for natural sourced products has led to growth of the borage seed oil. The market of borage seed oil is expected to grow because of excellent performance of the borage oil based personal care products. Europe and North America are currently the two prominent markets of borage seed oil. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Icelandirect Inc. (United States), K. K. Enterprise (India), Nordic Naturals, Inc. (United States), Connoils LLC (United States), Premium Crops Ltd. (United Kingdom), Desert Whale Jojoba Company, Inc. (United States), Avsetia Pharma (India), William Hodgson & Co. (United Kingdom), Soyatech International (Australia) and Parchem Fine & Specialty Chemicals (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nature's Tattva (India) and AOS Products Pvt. Ltd. (India.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Borage Seed Oil market by Type, Application and Region.
On the basis of geography, the market of Borage Seed Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Organic will boost the Borage Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Oil will boost the Borage Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Borage Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Pharmaceuticals will boost the Borage Seed Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2019, High Beauty, a United States based personal care products manufacturer has announced launch of its new predominantly cannabis sativa seed oil extracts based facial moisturizer and facial oil exclusively are the French personal care retail outlets Sephora. The newly launched product will counter wrinkles. Dryness and redness. The products contain a variety of other herb oils other than sativa seed oil such as organic borage seed oil, organic flax seed oil, Pomegranate seed oil, and others.
Market Trend
- Oil Accounts for Largest Market Share
Market Drivers
- Growing Demand for Herbs based Products Especially after the Recent Pandemic
- Growth in End User Industries
Opportunities
- Asia Pacific Region Presents Huge Opportunity Especially in Pharmaceutical and Personal Care Segment
Restraints
- Relatively Expensive than Other Alternative Herb Oils
Challenges
- Less Awareness about the Benefits Associated and Presence of the Product
Key Target Audience
Borage Seed Oil Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.