Global Evening Primrose Oil Market 2019: Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2028

“Global Evening Primrose Oil Market” is an upcoming report tracked by the research analyst team of MarketResearch.biz. The current valuation of the target market is US$ X Mn, and the global evening primrose oil market is estimated to be valued at US$ X Mn in 2028. The global evening primrose oil market report focuses on the health benefits of Primrose oil, due to which its importance is growing and driving market growth. In addition, it includes other driving and growth limiting forces, Porter’s Five Forces Analysis, PEST Analysis, and value chain analysis. Region-wise and country-wise revenues and growth rates have been provided in the report, followed by detailed profiles of prominent players in the global evening primrose oil market. The company profiles include information such as current CEO, establishment date, company overview, product portfolio, contact details, financial details, business segments, geographical presence, etc. The global evening primrose oil market has been categorized on the basis of type, form, application, distribution channel, and region and country.

Evening Primrose Oil (EPO): Product Overview

EPO or evening primrose seed oil is obtained from seeds of the evening primrose plant and is considered as a rich source of polyunsaturated Omega-6 fatty acids, antioxidants, and gamma-linolenic acid. Evening primrose seed oil has a wide scope of applications and is useful for women population with menopause symptoms such as hot flashes, premenstrual syndrome, endometriosis, breast pain, pregnant women in order to prevent from pre-eclampsia, for shortening labor or preventing late deliveries. Other than these uses, EPO has properties to cure psoriasis, acne, and eczema; rheumatoid arthritis, osteoporosis, multiple sclerosis, Raynaud’s syndrome, Sjogren’s syndrome, high cholesterol, heart-related diseases, cancer, dyspraxia in children, leg pain caused due to blockage in blood vessels, schizophrenia, and Alzheimer’s disease. There are various other uses of evening primrose oil such as it helps to ease neurodermatitis, hyperactivity in children and attention deficit-hyperactivity disorder (ADHD), and irritable bowel syndrome.

Market Dynamics:

Rapidly growing end-use industries of EPO and increasing adoption of evening primrose oil among the companies owing to its benefits is a major factor that is anticipated to drive market growth. In addition, growing awareness regarding EPO for various health issues and while pregnancy among women population is another major reason due to which the market growth is expected to incline at a faster pace. Moreover, rising demand for dietary supplements, coupled with use of EPO to treat obesity is estimated to propel market growth. EPO has anti-inflammatory, anti-thrombotic, and anti-proliferative properties which help to minimize inflammation caused due to various reasons, and is a factor expected to continue to drive market growth.

However, high cost of evening primrose oil, lack of awareness regarding the EPO products, and availability of other essential oils with similar properties at lower costs are major factors that could hamper market growth.

Analysis by Region:

The Asia Pacific evening primrose oil market is anticipated to account for highest revenue share in the global market and is projected to continue to dominate in the years to come. This is majorly attributable to large number of prominent players located in China, which accounted for more than 80% production in the global market. In addition, high awareness regarding the benefits of evening primrose oil in countries in APAC market, increasing spending capacity, especially on naturally-derived oils for treating various health issues such as eczema and acne among other conditions are other important factors propelling APAC market growth. The market in North America is estimated to account for considerable revenue share, due to rapid growth of the end-use industries of evening primrose oil including food and health, and cosmetics industry. The Europe market is projected to register moderate growth rate because of increasing awareness about EPO product features and increasing usage in production of bakery products and confectionery. The MEA and Latin America markets are anticipated to witness slow but steady growth in the global market.

Global Evening Primrose Oil Market Segmentation:

• Segmentation, by Type:
  • Evening Primrose Oil (γ- linolenic acid 9%)
  • Evening Primrose Oil (γ- linolenic acid 10%)
  • Others
• Segmentation, by Form:
  • Capsule
  • Liquid
• Segmentation, by Application:
  • Pharmaceutical Industry
  • Cosmetic Industry
  • Food and Health Industry
• Segmentation, by Distribution Channel:
  • Supermarket/ Hypermarket
  • Retail Stores
  • Online Retail
• Segmentation, by Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa