What is Global Evening Primrose Oil Market?
The Global Evening Primrose Oil Market is a vast and dynamic sector that has been gaining significant attention in recent years. Evening Primrose Oil, also known as Oenothera biennis, is a plant that's native to North America but grows in Europe and parts of the Southern hemisphere as well. It has yellow flowers that open at night and its oil is rich in essential fatty acids. There are primarily three types of Evening Primrose Oil available in the market - Evening Primrose Oil (γ- linolenic acid 9%), Evening Primrose Oil (γ- linolenic acid 10%), and others. Each type has its unique properties and uses. The oil with γ- linolenic acid 9% is commonly used for its anti-inflammatory and anti-oxidant properties. On the other hand, the oil with γ- linolenic acid 10% is known for its potential benefits in treating skin disorders and improving heart health. The 'others' category includes various types of Evening Primrose Oil that are used for different purposes. However, the specific details and data regarding these other types are not available at the moment.
Evening Primrose Oil (γ- linolenic acid 9%), Evening Primrose Oil (γ- linolenic acid 10%), Others in the Global Evening Primrose Oil Market:
The Global Evening Primrose Oil Market finds its applications in various industries such as the Pharmaceutical Industry, Cosmetic Industry, and Food and Health Industry. In the Pharmaceutical Industry, Evening Primrose Oil is used in the production of medicines for diseases like eczema, rheumatoid arthritis, and premenstrual syndrome. In the Cosmetic Industry, it is used in the formulation of various skincare products due to its ability to soothe and moisturize the skin, reduce signs of aging, and improve skin health. The Food and Health Industry uses Evening Primrose Oil as a dietary supplement for its numerous health benefits. It is also used in the production of health foods and beverages.
Pharmaceutical Industry, Cosmetic Industry, Food and Health Industry in the Global Evening Primrose Oil Market:
As per the market outlook, the Global Evening Primrose Oil Market was valued at US$ 210.1 million in 2022. It is expected to grow and reach a value of US$ 292.8 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.8% during the forecast period from 2023 to 2029. The market is dominated by the top 2 players who hold about 40% of the global market shares. The Food and Health Industry is the primary consumer of Evening Primrose Oil, accounting for about 80% of its usage.
Global Evening Primrose Oil Market Outlook:
In conclusion, the Global Evening Primrose Oil Market is a growing sector with a wide range of applications in various industries. Despite the lack of specific data in some areas, it is clear that the market holds significant potential for growth and expansion in the coming years.
| Report Metric | Details |
| Report Name | Evening Primrose Oil Market |
| Accounted market size in 2022 | US$ 210.1 million |
| Forecasted market size in 2029 | US$ 292.8 million |
| CAGR | 4.8% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Henry Lamotte, Connoils, Omeganz, Baxco, Plimon Group, Efamol, Sanmark, Jilin Shengji, Jilin Baili, Liaoning Jiashi, Hebei Xinqidian, Jilin Shangjia, Dalian Tianshan, Yuanhua Biotechnology, Pioneer Herb, Panjin Green Bio-tec, Shenzhen Kangerjian, Shanghai Yanxintang, Honsea, Panjin Tianyuan Pharmaceutical |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
