The global borage oil market is likely to grow at a CAGR of 5.6% during the forecast period from 2016 to 2024. It was valued at USD41.6 billion in 2019 and will reach an estimated value of USD 54.9 billion by 2024.

Borage oil is a very important source of gamma-linolenic acid (GLA) obtained from borago officinali plant seeds which belong to the boraginaceae family. They are extensively used in applications such as food and beverages, cosmetics, pharmaceutical, other...