According to this latest study, the growth in 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.
Evening primrose (Oenothera L.) is a plant in the Onagraceae family. There are approximately 145 species in the genus Oenothera L., occurring in the temperate and tropical climate zones of North and South America. Some species have modified to new areas, occupying the economies of the European continent, and around 70 species are now present in Europe. Furthermore, evening primrose seeds contain about 20% oil. The amount of oil depends on various factors, such as the age of the seed, the cultivar, and the growth conditions. Additionally, evening primrose oil is extracted from Oenothera biennis seeds using the cold-pressing method. The oil is a blend of about 13 triacylglycerol fractions, where the dominant combinations are made up of some fatty acids such as linoleic–linoleic–linoleic (LLL, 40%), linoleic–linoleic–γ-linolenic (LLLnγ, about 15%), linoleic–linoleic–palmitic (LLP, about 8%), and linoleic–linoleic–oleic (LLO, approximately 8%). The oil consists of triacylglycerols—about 98%, with a small number of other lipids and about 1–2% non-saponifiable fraction.
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This Evening Primrose Oil Market Report includes information on the manufacturer, such as shipping, pricing, revenue, interview records, gross profit, and company distribution, among other things. These details assist consumers to learn more about their rivals. Likewise, the report outlines the significant difficulties that would have an influence on market growth. They also give extensive facts about the industry's potential to key stakeholders, allowing them to expand their industries and increase sales in certain industries. The research will assist companies who are already in or want to enter this market in analyzing the many facets of this domain before investing in or growing their industry in the Evening Primrose Oil markets.
The Major Players in the Evening Primrose Oil Market Include:
· Jilin Shuangjia Foods Co. Ltd.
· Henry Lamotte
· Shenzhen Kangerjian
· Connoils
· Omeganz
· Jilin Baili
· Baxco
· Plimon Group
· Efamol
· Sanmark
· Jilin Shengji
· Liaoning Jiashi
· Dalian Tianshan
· Yuanhua Biotechnology
· Panjin Tianyuan Pharmaceutical
· Pioneer Herb
· Panjin Green Biotech
· Shanghai Yanxintang
· Honsea
· Hebei Xinqidian and other Major Players.
The consumption of these gummies by the millennials has increased owing to the aspects like growing disposal incomes, high awareness related to preventive healthcare measures, busier lifestyles, and maintenance of better health conditions. Additionally, the growing cases of vitamin deficiencies and undernourishment healthcare conditions in emerging and emerged nations are propelling the demand of gummies market around the world. The growing dietary supplement sector in the US along with healthy changes in consumers’ lifestyles due to rising awareness related to preventive healthcare supplements has resulted in the high consumption of gummies in the country.
Segmentation of Evening Primrose Oil market:
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 Applications :
Pharmaceuticals Industry,Cosmetic Industry,Food And Beverages
Geographic Segment Covered in the Report
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
· Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
· South America (Brazil, Argentina, Rest of South America)
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Knowing market share in the base year provides you an idea of the competition and size of the suppliers. It reflects the market's fragmentation, accumulation, dominance, and amalgamation features. The Competitive Scenario provides an outlook study of the suppliers' various industry growth plans. This section's news provides vital insights at various stages while keeping up with the industry and engaging players in the economic discussion. Merger & Acquisition, Collaboration, Partnership, Agreement, Investment & Funding, New Product Launch & Enhancement, Recognition, Rewards & Expansion are the categories that the competitive scenario represents. All of the research data collected helps the vendor identify market gaps as well as competitor weaknesses and strengths, helping them to better their service and product.
Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Evening Primrose Oil Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
Reasons to Purchase this Market Report:
· Market forecast analysis through recent trends and SWOT analysis
· Evening Primrose Oil Market Dynamics Scenarios with Market Growth Opportunities over the Next Year
· Market segmentation analysis, including qualitative and quantitative studies that include economic and non-economic impacts
· Evening Primrose Oil Market Regional and country-level analysis that integrates demand and supply forces that impact the growth of the market.
· Competitive environment related to the Evening Primrose Oil market share for key players, along with new projects and strategies that players have adopted over the past five years
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