Evening Primrose Oil Market Business Insights with Key Trend Analysis | IMR
Evening Primrose Oil Market Size Was Valued at USD 210.4 Million in 2022, and is Projected to Reach USD 308.5 Million by 2030, Growing at a CAGR of 4.9% From 2023-2030.
Mac Watson
The Evening Primrose Oil market is experiencing growth because of its health advantages, especially in the treatment of skin conditions, premenstrual syndrome (PMS), and inflammation. Derived from evening primrose plant seeds, this oil is high in essential fatty acids, increasing its popularity in pharmaceutical, cosmetic, and nutraceutical sectors. Rising consumer knowledge of natural treatments and growing focus on health are important factors driving the market. Nevertheless, variations in the supply and pricing of raw materials can present difficulties. Nonetheless, there is an anticipation for market growth driven by the increasing need for natural supplements and skincare products.
Top Key Players Covered In The Evening Primrose Oil Market
Aromex Industry (India), Baxco (U.S.), Connoils (U.S.), Dalian Tianshan (China), Efamol (U.K.), Hebei Xinqidian (China), Henry Lamotte And Oils Gmbh (Germany), Honsea (China), Htc Health (U.K.), Jilin Baili (China), Jilin Shengji (China), Jilin Shuangjia Foods Co. Ltd. (China), Liaoning Jiashi (China), Oil Seed Extractions (India), Omeganz (Australia), Panjin Tianyuan Pharmaceutical (China), Pioneer Herb (China), Plimon Group (Netherlands), Sanmark (Finland), Shenzhen Kangerjian (China), Yuanhua Biotechnology (China) and Other Major Players
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Drivers in the Evening Primrose Oil Market:
Increasing consumer knowledge of health and wellness benefits is fueling the demand for natural and herbal supplements in the evening primrose oil market. Evening primrose oil is becoming more popular in dietary supplements, skincare, and pharmaceutical products due to its anti-inflammatory and skin-soothing properties. Increasing demand in the market is fueled by the rise in popularity of preventative healthcare and natural remedies. Furthermore, its extensive use in addressing ailments such as eczema, rheumatoid arthritis, and menopausal symptoms also helps drive market expansion. The rising popularity of clean-label products is also boosting the need for evening primrose oil in personal care.
Segmentation Analysis of the Evening Primrose Oil Market
Evening Primrose Oil Market Segmented on the basis of product type, form, distribution channel and application.
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 Distribution Channel
· Supermarket or Hypermarket
· Online Stores
· Retail Stores
By Application
· Pharmaceuticals Industry
· Cosmetic Industry
· Food & Beverages
Opportunities in the Evening Primrose Oil Market:
Product innovation and expansion into emerging markets offer potential in the evening primrose oil market. Creating additional formulations for supplements and skincare, such as mixing with other natural oils or vitamins, can appeal to consumers who prioritize their health. Increasing presence in overlooked areas with rising understanding of health and well-being presents major opportunities for growth. Furthermore, working with pharmaceutical and beauty companies to develop evening primrose oil products customized for individual health or skincare needs offers more chances for growth. Taking advantage of the movement toward organic and sustainably sourced ingredients can also boost market visibility.
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By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
Key Questions Answered:
1. What is the market size and CAGR of the Evening Primrose Oil Market during the forecast period?
2. How is the growing demand impacting the growth of Evening Primrose Oil Market shares?
3. What is the growing demand of the Evening Primrose Oil Market during the forecast period?
4. Who are the leading vendors in the market and what are their market shares?
5. What is the impact of the COVID-19 pandemic on the APAC Evening Primrose Oil Market?
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