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全球琉璃苣油市场 - 2023-2030Global Borage Oil Market - 2023-2030 |
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2022年,全球琉璃苣油市场规模达到471.2亿美元,预计2030年将达到798.1亿美元,2023-2030年预测期间CAGR为6.8%。
琉璃苣植物经过各种萃取方法获得琉璃苣油,在天然产品市场上具有很高的价值。人们日益增强的健康意识和对健康生活方式的渴望提高了对天然和有机产品市场的需求。琉璃苣油的有益特性,包括其药用价值和健康益处,推动了注重健康的人们对它的需求。
琉璃苣油有精炼和未精炼的类型,有多种方便的形式,例如胶囊和凝胶。由于对天然成分产品的高需求,琉璃苣油在食品和饮料、製药、化妆品等各个领域的各种应用对市场成长产生了积极影响。琉璃苣油作为食品添加剂在功能性食品和早餐谷物中具有更大的应用。
冷压、低温、溶剂和蒸汽蒸馏等不同萃取方法的使用扩大了市场范围,因为结合了新兴技术,产品可用性更好。由于消费者使用产品的可用性增加,电子商务平台和其他分销管道的大规模支持促进了市场成长。
生产商生产不同等级的琉璃苣油,例如医药级和化妆品级,作为成分用于所需的应用。琉璃苣油是多种个人护理产品生产中的天然有机成分。随着全球对清洁和自然美容标准的高要求,消费者对天然成分产品的关注日益增加,鼓励製造商开发新的创新产品。
该领域新产品的推出积极推动市场成长。 Croda International Plc 是化妆品和个人护理产品琉璃苣油的知名供应商,于2020 年推出了一系列新的护髮产品。这些产品采用琉璃苣油配製而成,可滋养和强化头髮,并富含高含量的GLA 。
2023年8月,健康与保健产业的全球领导者USANA在盐湖城举行的美洲和欧洲大会期间宣布推出新产品。其中推出的产品之一包括 USANA Celavive 后生元屏障膏,其主要成分之一是琉璃苣油。
在全球范围内,消费者越来越意识到使用合成化学产品的不利影响。为了维持健康的生活方式并减少合成化学物质对人类和环境的负面影响,消费者正在将他们的偏好转向在日常生活中使用天然和有机产品。
琉璃苣油在各种应用中充当活性天然成分。大规模消费者对天然产品的高度采用正在增加对各种成分的需求,例如用于多种食品和非食品应用的琉璃苣油。为了满足日益增长的产品需求,製造商不断推出新产品,并透过各种合作和收购扩大产品范围。
2023 年 9 月,专注于农场种植护肤品的领先公司 Farmhouse Fresh 宣布与 Smurfs 合作,推出限量版护肤系列。新推出的产品包括多个产品系列,其中包括由蓝色琉璃苣油製成的 Berry Blue Juicy Organic Lip Therapy Balm。
琉璃苣油的价格波动对市场成长有负面影响。气候条件极大地影响作物的生长和永续性。农作物歉收的风险总是会给生产者带来挑战。为了因应作物维持条件的压力,生产者不断波动作为琉璃苣油生产原料的产品价格。
产品缺乏适当的价格标准可能会使住宅或工业用途的最终用户难以选择正确的购买和使用。此外,产品严格的品质标准以及在多种敏感应用中使用相关的严格规定阻碍了市场的成长。
Global Borage Oil Market reached US$ 47.12 billion in 2022 and is expected to reach US$ 79.81 billion by 2030, growing with a CAGR of 6.8% during the forecast period 2023-2030.
Borage plant undergoes various extraction methods to obtain borage oil, which is highly valued in the natural product market. The increasing health consciousness among people and the desire to lead a healthy lifestyle improve the demand for the natural and organic products market. The beneficial properties of borage oil including its medicinal values and health benefits drive its demand among health-conscious people.
Borage oil is available in refined and unrefined types in multiple convenient forms such as capsules and gels. The various applications of borage oil in various sectors such as food & beverage, pharmaceutical, cosmetics and others positively influence the market growth due to the high demand for natural ingredient-based products. Borage oils have greater applications as food additives in functional foods and breakfast cereals.
The use of different extraction methods such as cold pressing, low-temperature, solvent and steam distillation increases the scope of the market due to better product availability with the incorporation of newly emerging technologies. The large-scale support from the e-commerce platforms and other range of distribution channels boost the market growth due to the increased availability of product for consumer use.
Producers generate different grades of borage oil such as pharma and cosmetic grade for its use in required applications as ingredients. Borage oil acts as a natural and organic ingredient in multiple personal care products production. With the high demand for clean and natural beauty standards globally, consumer focus on natural ingredient-based products is increasing encouraging manufacturers to develop new and innovative products.
The new product launches in this field positively drive market growth. Croda International Plc, a prominent supplier of borage oil for cosmetics and personal care products, introduced a new line of hair care products in 2020. These products are formulated with borage oil to nourish and strengthen hair, and they are enriched with high levels of GLA.
In August 2023, USANA, a global leader in the health and wellness industry announced the launch of new products during the Americas & Europe Convention in Salt Lake City. One of the products launched includes the USANA Celavive Postbiotic Barrier Balm, which contains borage oil as one of the key ingredients.
Globally, there is an increased consumer awareness regarding the adverse effects related to the use of synthetic chemical-based products. To maintain a healthy lifestyle and reduce the negative effects of synthetic chemicals on humans and the environment, consumers are shifting their preference toward the use of natural and organic products in their daily lifestyles.
Borage oil acts as an active and natural ingredient in various applications. The high adoption of natural products among large-scale consumers is increasing the demand for various ingredients such as borage oil for its use in multiple food and non-food applications. To meet the increasing demand for the product, manufacturers are launching new products and increasing their product reach through various collaborations and acquisitions.
In September 2023, Farmhouse Fresh, a leading company that focuses on farm-grown skincare announced its partnership with Smurfs to launch a limited-edition skincare collection. The new launches include multiple product collections, including, Berry Blue Juicy Organic Lip Therapy Balm which is made with blue borage oil.
The price fluctuations of the borage oil negatively impact the market growth. The climatic conditions highly influence the growth and sustainability of the crop. The risk of crop failure may always cause challenges for the producer. To deal with the pressure of crop maintenance conditions, producers keep fluctuating prices of the produce, that is used as a raw material in the borage oil production.
The unavailability of proper price standards for the product may confuse the end-user of residential or industrial use to choose the right purchase and its use. In addition, the stringent quality standards of the product and the strict regulations related to their use in multiple sensitive applications, hinder the growth of the market.
The global borage oil market is segmented based on type, form, extraction methods, distribution channel, grade, application and region.
The global borage oil market is segmented based on grade into pharmaceutical, cosmetic and other. The pharmaceutical grade of the borage oil is gaining high popularity in the global market, due to its high utility in various medical products production. Borage oil is highly valued for its medicinal value and health benefits. Borage oil is composed of rich fatty acids such as GLA.
The high anti-inflammatory effects of the borage oil drive its use to regulate the immune system. It helps deal with inflammation and is an herbal treatment for skin disorders. This health-promoting herbal oil treats multiple conditions such as stress, diabetes and arthritis pain. Borage oil has several applications in the production of anti-inflammatory drugs & ointments along with nutraceutical applications. It is used in several stress and depression medicines.
The rich GLA content in borage oil encourages its use in the production of dietary supplements to maintain better health conditions. For instance, Connoils LLC, a prominent supplier of borage oil, expanded its product line in 2021, by introducing a new range of dietary supplements. These supplements are made with pure borage oil and are rich in omega-6 fatty acids, which offer numerous health benefits.
North America dominated the global borage oil market, with a high demand for natural and organic products. U.S. and Canada are in the high share range of the regional market with a high customer base and presence of a large manufacturing base. Borage, an annual herbaceous plant is commercially grown in North America. High preference for natural and organic products by regional consumers is driving the market growth.
The region's high demand for natural cosmetic and personal care products boosts the market expansion due to its high demand in such industries. The clean beauty standards in this region are one of the major driving factors for the development of various products with borage oil. In addition, increasing disposable incomes and the high purchasing power of the consumers positively drive market growth.
The high social media influence on the lifestyle choice of the consumers and greater advertising and suggestions of natural product adoption through social media influencers is driving the market growth. The region has conferences and events taking place to promote natural products. For instance, in October 2020, the Natural Products Association announced the occurrence of their annual conference in November.
The major global players in the market include: AOS Products Pvt. Ltd, Nordic Naturals, William Hodgson and Co, K. K. Enterprise., Icelantirect, LLC, Nature's Way Brands, ConnOils LLC, Parchem, SNN Natural Products, Pure Oil India.
The COVID-19 pandemic had both positive and negative impact on multiple industries, including the global borage oil market. The challenges faced by the manufacturers such as limited resources and manpower support caused a greater impact on the production and distribution of the final product to the end-user.
The disturbances created in the supply chain activities and distribution channels resulted in hardships for every manufacturer and end-user. The low availability of the raw material paused the product production and limited its use in multiple applications and end-user activities. Increased health consciousness among consumers and high demand for natural products increased the demand for the product in different industries.
The increased consumer awareness regarding the benefits related to the use of natural products increased the demand for natural-based products in the market for every product. The new product launches and the high influence of social media on consumer choices influenced their choice to adopt natural products used in the food and personal care category.
The Russia and Ukraine war negatively impacted the global borage oil market. Industrial experts of all types of industrial sectors had to deal with the losses caused due to interpreted global goods activities. The halt in the supply chain activities globally caused a severe challenge for the manufacturers to acquire the use of certain required resources. The political variations and price fluctuations negatively impacted the market growth.
The global borage oil market report would provide approximately 85 tables, 91 figures and 244 Pages.
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