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 (Organic, Conventional), By Delivery Form (Liquid, Capsule), By Application, By Distribution Channel, BY End Use, By Region – Market Forecast, 2025–2034” gives a detailed insight into current industry dynamics and provides analysis on future trends.
The borage oil refers to 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 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 this 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 this oil in their offerings, leading to its growth.
The growth of the e-commerce sector is significantly boosting this industry 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 its demand.
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The expanding skincare industry is driving up demand for this industry. 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 this oil into their formulations, leading to its growth.
By Nature Outlook (Revenue - USD Million, 2020–2034)
By Delivery Form (Revenue - USD Million, 2020–2034)
By Application (Revenue - USD Million, 2020–2034)
By Distribution Channel (Revenue - USD Million, 2020–2034)
By End Use (Revenue - USD Million, 2020–2034)
By Regional Outlook (Revenue - USD Million, 2020–2034)
Report Attributes |
Details |
Market Size in 2024 |
USD 55.34 million |
Market Size in 2025 |
USD 58.95 million |
Revenue Forecast in 2034 |
USD 104.34 million |
CAGR |
5.9% from 2025 to 2034 |
Base Year |
2024 |
Historical Data |
2020–2023 |
Forecast Period |
2025–2034 |
Quantitative Units |
Revenue in USD million and CAGR from 2025 to 2034 |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Industry Trends |
Segments Covered |
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Regional Scope |
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Competitive Landscape |
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Report End User |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
For Specific Research Requirements |