Market Overview:
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.
The Onagraceae family encompasses various plants, including the evening primrose (Oenothera L.). Within the genus Oenothera L., there are approximately 145 species distributed across the temperate and tropical regions of North and South America. Europe is home to around 70 species, thanks to some species adapting to new environments and establishing themselves in the continent. Evening primrose seeds have an oil content of approximately 20%. This oil content can vary based on factors such as the cultivar, age of the cultivar, and growth conditions. Cold pressing is the common method used to extract evening primrose oil from the seeds of Oenothera biennis.
Top Key Players for Evening Primrose Oil Market:
- Henry Lamotte (Germany)
- Connoils (US)
- Omeganz (Australia)
- Baxco (US)
- Sanmark (Finland)
- Efamol (UK)
- Plimon Group (Netherlands)
- Pioneer Herb (China)
- Honsea (China)
- Shenzhen Kangerjian (China)
- Jilin Shuangjia Foods Co. Ltd. (China)
- Jilin Baili (China)
- Jilin Shengji (China)
- Liaoning Jiashi (China), and Other Major Players
Market Dynamics and Factors:
Evening Primrose Oil has shown promise in addressing a wide range of conditions. These include 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. This wide range of potential applications is expected to contribute to the growth of the market in the forecast period.
The increasing demand for evening primrose oil (EPO) across multiple industries, including medicines, personal care products, and others, provides major players with lucrative investment opportunities. By capitalizing on the current market trend towards organic and plant-based products, companies can create new items and drive innovation through research and development (R&D) activities. This trend is driven by the diverse needs of consumers who require various product segments for different applications or consumption purposes. By embracing this trend, major players can tap into the growing market, expand their product portfolios, and capture a larger customer base, thereby ensuring long-term profitability and success.
Evening Primrose Oil Market Report Highlight:
- By Product Type, the GNC Women's Evening Primrose Oil segment is expected to dominate the market over the forecast period. This market is expanding as a result of rising hormone imbalance issues, as well as increased health and skin awareness among women.
- By form, the segment of Evening Primrose Oil in capsule form is anticipated to capture the largest market share due to its convenient accessibility and affordability. Capsules offer a convenient and standardized dosage form, allowing users to easily incorporate Evening Primrose Oil into their daily routine. Moreover, capsules often provide a cost-effective option for consumers, making them a popular choice among a wide range of individuals seeking the benefits of Evening Primrose Oil.
- By Application, the pharmaceuticals industry is projected to register the maximum market share over the forecast period. Hair loss and other conditions affecting the skin and hair, such as acne, can be treated with evening primrose oil.
- The Asia Pacific region is expected to have the highest share of the Evening Primrose Oil market over the projected period. Due to a large rise in population, evening primrose oil processing and manufacture in cosmetic and medicinal products is expanding.
Central to our report are the company profiles and competitive analysis, providing insights into market players' overview, market role, and operating business segments. We evaluate their financial performance, production volume, sales volume, and sales margin, while highlighting recent market developments. Our market research offers invaluable intelligence and strategic insights to drive informed decision-making. By capitalizing on emerging opportunities and understanding the competitive landscape, our report empowers businesses to thrive in the Global Evening Primrose Oil Market.
Key Industry Development:
- In June 2023, Garden of Life takes a pioneering step by introducing eco-friendly packaging solutions for their Evening Primrose Oil (EPO) products. Committed to minimizing environmental impact, the company's innovative packaging reflects a dedication to eco-conscious practices in the health and wellness industry.
- In January 2023, Barleans Launched Omega-3 fatty acids and plant-based nutrition, announces the expansion of their product line with the introduction of Organic Chia Seed Oil. to cater to the growing health-conscious consumer base, this addition exemplifies commitment to providing wholesome, organic alternatives.
Evening Primrose Oil Market Segmentation:
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
For this report, Introspective Market Research has segmented the Evening Primrose Oil Market based on region: Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
- North America
- The U.S.
- Canada
- Mexico
- Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
- Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
• Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
• Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
• South America
- Brazil
- Argentina
- Rest of SA
