Neem Extract Market Analysis

Neem Extract Market is likely to touch USD 4.5 billion at a 5.8% CAGR between 2020- 2027, according to the new report by Market Research Future (MRFR). Neem extracts, simply put, are extracts derived from the seed, bark, and neem leaves. Owing to its excellent properties, it has wide applications in food and beverages, agriculture and farming, personal care, pharmaceuticals and nutraceuticals, and others. 

Various factors are propelling the global neem extract market growth. As per the latest MRFR report, such factors include growing use in different industries such as pharmaceuticals, food and beverages, personal care, and agriculture, increasing use in mosquito & pest repellents, growing awareness regarding the medicinal advantages of neem, demand for bio-based fertilizers, pesticides, and insecticides in the agricultural sector, and surging demand for neem extracts for its multiple health benefits such as regulating digestion, ease palpitation, reduce cholesterol and blood clotting, and regulate blood pressure. Additional factors adding market growth include a rising preference for Ayurveda products in different disease treatments and demand for beauty products that have zero-side effects. 

On the contrary, high product costs, coupled with limited accessibility of raw materials, are factors that may impede the global neem extract market growth over the forecast period. Besides, the demand and supply gap of raw materials due to the ongoing COVID-19 pandemic is also affecting the market growth.  

Market Segmentation

The MRFR report offers an inclusive segmental analysis of the global neem extract market report based on application & type. 

By type, the global neem extract market is segmented into bark extract, fruit & seed extract, and leaf extract. Of these, the leaf extract segment will lead the market over the forecast period. 

By application, the global neem extract market is segmented into food and beverages, agriculture and farming, personal care, pharmaceuticals and nutraceuticals, and others. Of these, the personal care segment will lead the market over the forecast market. This will be followed by the agriculture and farming segment for the increasing use of neem extracts as a natural fertilizer in the agriculture & farming industries for the surging demand by consumers for food products that are organically grown. 

Regional Analysis 

Based on the region, the global neem extract market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, the APAC region will lead the market over the forecast period. Favorable climate conditions to grow neem trees, growing awareness regarding the medicinal perks of neem, burgeoning demand for herbal products like powder, shampoo, soap, toothpaste, and others are adding to the global neem extract market growth in the region. Besides, the growing awareness about the perks of extracts of neem as natural fertilizers among farmers is also adding market growth. Vietnam, Japan, China, and India have the maximum share in the region. 

The global neem extract market in North America is predicted to have moderate growth over the forecast period followed by Europe that is predicted to have favorable growth over the forecast period. Growing preference for herbal cosmetics, rising level of cognizance about Ayurvedic treatment on various diseases, and increasing penetration of herbal products are adding to the global neem extract market growth in Europe.

The global neem extract market in the RoW is predicted to have sound growth over the forecast period. 

Key Players

The key neem extract market players in the report are Trifolio-M GmbH (Germany), Neem India (India), Ichimaru Pharcos Co., Ltd (India), Green Earth Products Pvt. Ltd (India), Phyto Life Sciences P. Ltd (India), Bros India Group (India), GreeNeem Agri Pvt Ltd (India), Gramin India Agri Business (India), PJ Margo Pvt. Ltd (India), Ozone Biotech (India), The Indian Neem Tree Company (India), Fortune Biotech Ltd (India), Parker India Group (India), Agro Extracts Limited (India), and Neeming Australia Pty Ltd (Australia). 

Read More Blogs:

• Organic Beauty and Personal Care Ingredients Market Research Report Information by Plant Type (Aloe Vera, Avocado, Rose, Lavender, Jojoba, Rosemary, Neem and others), Ingredient Type (Vegetables, Herbs, Natural Oils, Algae, Minerals & Vitamins and others), Application (Cleansing, Exfoliation, Moisturization, UV-protection, Anti-aging, multi-functional and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
• Herbal Extracts Market Research Report Information by Source (Mint, Rosemary, Thyme, Basil, Dill, Lavender, and Others), Form (Liquid/Tinctures, Powders, Essential Oils, and Others), Application (Food & Beverages, Pharmaceuticals, Personal Care & Cosmetics, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030
• Medicinal Plant Extracts Market Research Report Information: by Type (Spices, Essential Oils, Phytochemicals, Herbal Extracts, and others), by Part (Leaf, Seed, Shell, and others), By Application (Medicinal Products, Personal Care and Others), By Form (Powder, Oil, and others) and by Regions-Forecast to 2030

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone:

+1 628 258 0071(US)

+44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com