Evening Primrose Oil Market By Application And Product Type: Global Opportunity Analysis And Industry Forecast, 2023-2029

Market Overview:

The Evening Primrose Oil Market size is projected to reach USD 280.35 Million by 2028 from an estimated USD 200.57 Million in 2021, growing at a CAGR of 4.9% globally.

Oenothera L., a plant of the Onagraceae family, is the evening primrose. In North and South America's temperate and tropical climate zones, the genus Oenothera L. contains about 145 species. There are presently about 70 species in Europe as a result of certain species adapting to new environments and occupying the continent's economies. Additionally, 20% of the oil in evening primrose seeds is present. The age of the seed, the cultivar, and the development circumstances are just a few of the variables that affect the oil content. Additionally, the cold-pressing technique is used to extract evening primrose oil from Oenothera biennis seeds. Evening primrose oil (Oenothera biennis) is generally utilized for substitute therapy and is a rich source of omega-6 essential fatty acids.

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Market Dynamics:

Driver:

Evening Primrose Oil has been used for an extensive range of conditions such as ulceration, PMS, mastalgia, Alzheimer's disease, hot flashes, atopic eczema, psoriasis, acne, osteoporosis, Raynaud's syndrome, multiple sclerosis, Sjogren's syndrome, cancer, hypercholesterolemia, coronary heart disease, child dyspraxia, recurrent claudication, alcoholism, schizophrenia, chronic fatigue syndrome, asthma, diabetic neuropathy, neurodermatitis, attention deficit hyperactivity disorder, myalgia, dysmenorrhea, depression, allergies, whooping cough, inflammation, asthma, autoimmune conditions, obesity, and gastrointestinal symptoms which leads to growth of the market during the forecast period.

Opportunities/Market Trend:

Growing demand for evening primrose oil due to its use in medicines, personal care products, and other industries provides profitable opportunities for major players to invest in and develop organic and plant-based products in line with the current market trend. There would be the chance to create new items and innovate in R&D activities because every person needs various product segments for their application or consumption. Additionally, government support for agricultural initiatives and subsidies to grow the evening primrose crop in the relevant region will aid in increasing output to satisfy consumer demand.

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The Report Will Include A Major Chapter

•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

Based on the product type, the GNC Women's Evening Primrose Oil segment is expected to dominate the market over the forecast period. Growing problems related to hormonal imbalances, rising health and skin awareness in women leads to the growth of this segment. In addition, evening primrose oil naturally offers essential fatty acids that must be provided by the diet. A Natural Source of GLA helps hormonal balance and assist maintain smooth, healthy-looking skin, and is effective at decreasing menstrual cramping, bloat, breast tenderness, water retention, and irritability owing to hormonal shifts during a women's cycle. Research has also discovered the oil to be operative at reducing the intensity of hot flashes during menopause.

Based on the form, the capsule form segment for the Evening Primrose Oil is expected to gain maximum market owing to easy availability in the market at a reasonable rate.

Based on the application, the food and cosmetic industry is projected to register the maximum market share over the forecast period. Evening primrose oil can treat skin and hair-related disorders, such as acne and hair loss, which is one of the key concerns among the young population, especially in Europe and North America. Furthermore, evening primrose oil has shown significant results in clinical trials for the treatment of infertility and type 2 diabetes. In addition, evening primrose oil can treat several ailments, which include infertility, asthma, and osteoporosis, among others.

By Product Type:

•Puritan's Pride Evening Primrose Oil
•Nature's Bounty Evening Primrose Oil
•GNC Women's Evening Primrose Oil
•Blackmores Evening Primrose Oil

By Form:

•Capsule
•Liquid/Oil

By Application:

•Pharmaceuticals Industry
•Cosmetic Industry
•Food And Beverages

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Regional Analysis of Evening Primrose Oil Market:

In the Asia Pacific region, the manufacturing and processing of evening primrose oil in cosmetics and pharmaceuticals products is growing owing to a significant increase in the population. China is the leading exporter of evening primrose oil and the U.S. is the top importer of evening primrose oil in the globe. Additionally, growing consciousness about the benefits of evening primrose oil in countries in the APAC market, rising spending capacity, especially on naturally-obtained oils for treating various health problems such as eczema and acne among other conditions are other important factors accelerating APAC market growth.

By Region:

•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Evening Primrose Oil Market

•Jilin Shuangjia Foods Co. Ltd.
•Henry Lamotte
•Shenzhen Kangerjian
•Connoils
•Omeganz
•Jilin Baili
•Baxco
•Plimon Group
•Efamol
•Sanmark
•Jilin Shengji
•Liaoning Jiashi

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Reasons to Purchase this Report:

•Analyzing the outlook of the market with the recent trends and SWOT analysis.
•Market dynamics scenario, along with growth opportunities of the market in the years to come.
•Market segmentation analysis includes qualitative and quantitative research incorporating the impact of economic and non-economic aspects.
•Regional and country-level analysis integrates the demand and supply forces that are influencing the growth of the market.
•Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
•Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.

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