Borage Oil Market was estimated at 1,500 tons in 2015. Nutraceuticals and bio-based cosmetics are anticipated to be the key factors influencing market growth over the forecast period. The global borage oil market is anticipated to reach USD 54.9 million by 2024. High gamma linolenic acid (GLA) content has resulted in high demand for Borage (starflower) oil despite several other plant oils including evening primrose oil and black currant seed oil containing GLA and providing similar health benefits, borage oil has gained prominence owing to higher GLA content compared to its counterparts. For instance, black current seed oil contains nearly 14% to 17% and evening primrose contains approximately 10% to 15%. On the other hand, GLA content in borage oil is approximately 20% to 25%. GLA is rich in omega-6 fatty acid which is essential for the human body, but the human body is incapable of producing the same by itself which necessitates the external supply of GLA. Borage oil benefits consumers by effectively treating and preventing health disorders pertaining to fatty acid metabolism.
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The key driving factors responsible for the growth of Borage Oil market :
Borage crop is cultivated in several countries for its seed oil. Majorly produced in Canada, New Zealand and the UK, in earlier times it was considered to belong only to the Mediterranean region. The borage oil production varies widely with some years of oversupply and some years of under-supply. Canada, which is one of the major borage seed producers has been highly unstable in the recent times. Favorable weather conditions in Canada have benefitted borage growers to a great extent as it helps them grow good quality seeds at lower costs. Nevertheless, there is a high risk of crop failure due to erratic early frost in the region. Borage seed prices lie in the range of USD 2.5 to 4 per kg and the production varies between 500 to 2000 tons per annum. Such high variations in the raw material supply and their prices are anticipated to be the major restraining the factor affecting market growth.
Application Insights
In 2015, medical application segment constituted for more than 35.0% of the overall borage oil demand. Borage oil aids in the treatment of serious diseases including obesity, eczema, rheumatoid arthritis, heart disease, premenstrual syndrome, cough, stroke, depression, asthma and diabetes.
Borage oil is used as a combination with other base oils in the nutraceutical segment. Additionally, it is used as anti-inflammatory drugs. With the market growing at a CAGR of above 5%, along with being the largest segment, the medical sector is anticipated to be the fastest-growing application over the forecast period. Further, borage oil capsules that have several health benefits are also available in the market.
Borage oil is widely used in the cosmetics segment including cleansers, moisturizers, skin care and anti-aging products, hair treatment and body care owing to their antioxidant and anti-inflammatory properties. It is used as food additives in functional foods, meal supplement and breakfast cereals.
Regional Insights
Borage oil has widespread usage across cosmetics and pharmaceuticals industry witness major demand in the Asia Pacific region. Asia Pacific borage oil market dominated the market and contributed to over 30% of overall demand in 2015. This huge demand can be ascribed primarily to growing production levels of pharmaceutical drugs, cosmetics and nutraceuticals. Pharmaceutical and cosmetic manufacturers have been focusing on developing countries such as India, China and Indonesia as their major manufacturing units. This has propelled demand for raw material supplies in the region.
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San Francisco, 3 June 2020 — “Genotyping Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” Global Genotyping Market is expected to reach USD 37.1 billion by 2024.
Genotyping is termed as a technology that detects small genetic differences, which may lead to a major change in phenotype.
The Genotyping Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/genotyping-market/request-sample Growing availability of several types of products, decreasing cost of DNA sequencing, rising awareness and occurrence of genetic diseases, increasing use of plant and animal livestock for genetic analysis, and growing demand for pharmacogenomics in drug discovery & development are documented as major factors of Genotyping Market that are estimated to enhance the growth in the years to come.
Genotyping Services, Instruments, Bioinformatics Software, and Reagents & Kits are the product types that could be explored in Genotyping in the forecast period.
Instruments sector comprises of analyzers and sequencer & amplifiers.
Seeds from these plants have shown several beneficial characteristics to human health.
These seeds are later used to make borage oil which is known to be a rich source of gamma-linoleic acid, a type of essential fatty acid required by the body.
Some of the health conditions it helps with are mentioned below-Rheumatoid Arthritis- Borage oil shows a promising improvement in the health of people who have rheumatoid arthritis.
It is an autoimmune disorder marked by the inflammation in the lining of the joints.
Borage oil is known to ease the tenderness and swelling in people with rheumatoid arthritis.
The growth of premature infants- several studies have acknowledged the positive effects of borage oil in the healthy growth and development of the nervous system in infants born early.
Global borage oil market was estimated at 1,500 tons in 2015.
The global borage oil market is anticipated to reach USD 54.9 million by 2024.
Borage oil benefits consumers by effectively treating and preventing health disorders pertaining to fatty acid metabolism.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/borage-oil-market/request-sampleBorage crop is cultivated in several countries for its seed oil.
Favorable weather conditions in Canada have benefitted borage growers to a great extent as it helps them grow good quality seeds at lower costs.
Such high variations in the raw material supply and their prices are anticipated to be the major restraining the factor affecting market growth.Application InsightsIn 2015, medical application segment constituted for more than 35.0% of the overall borage oil demand.
Further, borage oil capsules that have several health benefits are also available in the market.Borage oil is widely used in the cosmetics segment including cleansers, moisturizers, skin care and anti-aging products, hair treatment and body care owing to their antioxidant and anti-inflammatory properties.
The global chelating agents market report is projected to reach USD 6,396.9 million by 2027, exhibiting a CAGR of 4.4% during the forecast period.
The development of biodegradable sequestering agents by leading players will brighten the outlook of this market, observes Fortune Business Insights™ in its report, titled “Chelating Agents Market Size, Share Impact Analysis, By Product Type (Sodium Gluconate, Organophosphonates, EDTA & HEDTA, EDDS, GLDA, IDS & MGDA, NTA, and Glucoheptonates), By Application (Pulp & Paper, Household, Institutional & Industrial Cleaning Product, Chemical Processing, Agrochemicals, Water Treatment, Photo Application, Consumer Product, Textile, Metal), and Regional Forecast, 2020-2027”.Information Sourcehttps://www.fortunebusinessinsights.com/chelating-agents-market-104716
Many plants, vegetables and fruits are rich in the pigment content of quercetin.
This pigment can prove to be quitebeneficial to the overall health of a human body and further prevent several illnesses and conditions.
There are various online domains that help cover up the slack of this pigment in the body by providing quality quercetin supplement.
These are a chemical in plants, called phytonutrients that have several uses in the body and since quercetin cannot be produced naturally in the body, these supplements become that much more important.Many foods and drinks like grapes, cherries, berries, apples and citrus fruits have a high content of quercetin and have also been present in herbal remedies.
Some of the various benefits that quercitin provides to that body are: Fights free radicals: there are several free moving toxins in our body, accumulation of which can further make several unwanted and harmful changes in the body’s functioning.
The antioxidant properties in this pigment counter such effects and further help the body reduce the effects of ageing.Reduction in inflammation: inflammation is the natural reaction of the body to injuries and stress.
Rising healthcare expenditure coupled with the increasing research and developments by companies for reducing the complexities in protein labeling are key factors contributing to high CAGR of Protein Labeling market during the forecast period.the global Protein Labelling market was valued at USD 1396.6 Million in 2018 and is expected to reach USD 3544.9 Million by the year 2026, at a CAGR of 11.8%.
Use of molecular labels in research is very common for purification detection of the labeled proteins and their binding partners.
The companies are focusing on reducing the complexities in the protein labeling process by improving the existing technologies.
The indsutry is witnessing rise in the new product launches and growing adoption of bioengineering technologies in a bid to ramp up the market growth.
Development of the technology to produce advanced dyes that rapidly conjugates with the specific peptides or nucleotidein order to detect their presence and further purification process more accurately is expected to make the process more efficient and will have positive impact on the market.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1879The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers.
