11 February 2020 - The global Neem Extracts Market to reach around USD 1.32 billion by 2020. The rising demand for neem extracts can be attributed to the increasing end use scope of the product in pharmaceuticals, personal care, and agriculture. In addition, the increasing awareness regarding the benefits of the product is expected to boost demand during the forecast period. The backlash of synthetic products and environmental-friendly products are expected to drive the growth of this market.
India, Burma and Sri Lanka are major exporters of neem extracts. Countries such as the U.S., the UK, and Australia are also witnessing significant growth in neem cultivation owing to the increasing demand from the several end-use verticals.
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The stringent regulations, particularly in the UK, the U.S., Italy, and Spain, are encouraging the cultivation of fruits and vegetables organically, which has promoted the use of neem extracts in fertilizers and pesticides.
The product is widely being used in pharmaceutical drugs, owing to its superior benefits such as reduction in blood clotting, controlling of blood pressure & cholesterol, and improved digestion. The rapid growth of the pharmaceuticals industry is therefore anticipated to boost the product demand during the forecast period.
The major challenge this industry faces is the high cost of neem extracts and the demand & supply gap, which can restrict the growth of this industry over the coming years.
Neem and its extracts are widely used in the cosmetics industry owing to their properties of ‘zero side effects’. The use of the product in skin care commodities such as body lotions, fairness creams, and hand wash will further augment the product demand during the forecast period. Major FMCG and cosmetics companies, such as Himalaya, Garnier, and Hindustan Unilever, are developing new neem-based products to leverage the growing consumer demand and thereby strengthen their positions in the overall industry.
Application Insights
The industry is expected to observe significant growth during the forecast period, primarily driven by growing applications of the product in bio-fertilizers and bio-pesticides. The pesticide-like characteristics of the product are largely attributable to Azadirachtin, which can protect the crops from over 200 different species of pests. The demand for the product in this end-use vertical is anticipated to grow owing to the stringent laws against the use of chemical fertilizers and pesticides.
The personal care products segment is expected to be the key driver during the forecast period. The rising consumer awareness regarding the benefits of neem extracts and its zero side effects is expected to augment the growth of this market.
The rising demand for neem extracts from pharmaceutical companies, owing to their anti-inflammatory, anti-microbial, and anti-oxidant properties, is expected to further boost the product demand during the forecast period.
Regional Insights
The Asia Pacific is the largest market for neem extracts owing to the favorable climate for cultivation, particularly in China, India, and Sri Lanka. These countries are also majorly focused on agriculture, making them potential markets for expansion.
North America and Europe are expected to witness sluggish growth owing to the lack of availability of raw materials and the resultant high pricing. This has created a demand-supply gap in these markets and will restrain the growth of the industry in the regions over the coming years.
However, the growing focus on the cultivation of fruits and vegetables through organic means is anticipated to boost the demand in Europe and North America during the forecast period. In addition, the increasing demand for natural cosmetics from European and North American countries is expected to boost the demand for the product in this region.
Competitive Insights
The increasing penetration of small players in the market has fragmented the market considerably, in recent years. The availability of raw material and low cost of labor has attracted manufacturers to view Asia-Pacific, particularly India and China, as the manufacturing hub of the product. The key participants of this industry are Trifolio-M GmbH, Agro Extracts Limited, Ozone Biotech, Nikita Agro Industries, PJ Margo, Fortune Biotech, Parker Biotech and Trifolio-M GmbH, and E.I.D. Parry.
Most players in this industry have adopted strategies such as new product developments and R&D to identify pharmaceutical benefits to cure diseases such as cancer, and capacity expansion in order to acquire a competitive edge over their competitors in terms of production outputs.
Market Segments
Application Outlook (Revenue, USD Million, 2012 - 2020)
- Pharmaceuticals
- Personal care
- Biofertilizers
- Animal feed
- Others
Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North America
- Europe
- Latin America
- Asia Pacific
- MEA
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The Global Neem Extracts Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Neem extracts are active ingredient of neem in concentrated form.
Neem is a versatile plant, which can give us many valuable products, and its health benefits are known for centuries.
Nowadays seed, leaf, bark extracts of the neem plant are available in the market, and are in huge demand.Commercially available extracts from seed, leaf and bark of neem plants find application in pharmaceutical and agricultural industry besides many others.
Earlier the application of neem extracts was more localized, attributed to the traditional knowledge of sub-urban people, but as people became more aware of its variety benefits, industrialization of this product began.Asia-Pacific leads the global neem extracts market in terms of both demand and production followed by Europe.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Neem Extracts Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 @ https://www.decisiondatabases.com/ip/209-neem-extracts-market-research-reportThe key players in global neem extracts market include:EID Parry India LtdAgro Extracts Ltd.Parker Biotech Pvt.
Ltd.SEGMENTATIONS IN REPORT:Neem Extracts By Products:Seed ExtractsLeaf ExtractsBark ExtractsNeem Extracts By End-User Applications:PharmaceuticalsAgricultureHealth and Personal CareAnimal productsOthersNeem Extracts By Geography:Asia PacificNorth AmericaEuropeLatin AmericaMiddle East And AfricaDownload Free Sample Report of Global Neem Extracts Market @ https://www.decisiondatabases.com/contact/download-sample-209The Global Neem Extracts Market has been exhibited in detail in the following chapters –Chapter 1 Neem Extracts Market PrefaceChapter 2 Executive SummaryChapter 3 Neem Extracts Industry AnalysisChapter 4 Neem Extracts Market Value Chain AnalysisChapter 5 Neem Extracts Market Analysis By ProductChapter 6 Neem Extracts Market Analysis By ApplicationsChapter 7 Neem Extracts Market Analysis By GeographyChapter 8 Competitive Landscape Of Neem Extracts CompaniesChapter 9 Company Profiles Of Neem Extracts IndustryPurchase the complete Global Neem Extracts Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-209Other Reports by DecisionDatabases.com:Global Plant Extracts Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Aloe Vera Extracts Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Black Tea Extracts Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Market Analysis and Insights: Global Neem Extracts MarketNeem extracts market is expected to grow at a USD 512.1 million at a growth rate of 14.10% in the forecast period 2020 to 2027.
Neem extracts numerous medicinal benefits such as it helps in reduced blood clotting, lowered blood pressure and cholesterol, eased palpitation and regulated digestion.Such factors increase the demand to augment products growth in the pharmaceutical sector.
However, lack of prominent interest and significant expenses of neem items in the locale are probably going to hamper the market and with the high priced neem products and notable demand supply gap will hamper the market growth.This neem extracts market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.· On the basis of type, the neem extracts market is segmented into leaf extracts, fruit and seed extract, bark extract.· On the basis of application, the neem extract market segmented into pharmaceuticals and nutraceuticals, personal care, agriculture and farming, food and beverages and others.Get Access Report @ https://www.databridgemarketresearch.com/checkout/buy/singleuser/global-neem-extracts-marketCompetitive Landscape and Neem Extracts Market Share AnalysisNeem extracts market competitive landscape provides details by competitor.
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance.
The above data points provided are only related to the companies’ focus related to neem extracts market.The major players covered in the neem extracts market report are Fortune Biotech LTD, Bros India, Neeming, E.I.D Parry (india) Limited, Fragol AG,Ozone Ayurvedics, Pioneer Agro Extracts Ltd, Trifolio MGmbh, PJ Margo Pvt.
