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 (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.

Report Highlights

• The liquid segment is expected to register a significant growth globally due to an increase in demand 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 in the cosmetic industry.
• In 2024, North America had the largest revenue share due to increase in personal spending.
• The market in India is projected for substantial growth due to an increase in consumption of dietary supplements.
• The global key industry 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