Overview:

The global neem extract market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Neem is also referred as Indian lilac and azadirachta indica and the extract is derived from neem leaf, seeds, and bark. Neem extract have wide applications owing to its beneficial medicinal properties. Also, the neem extract is used as insecticide and pesticide.

Market Dynamics:

Increasing demand for herbal cosmetics products across the globe owing to their health benefits is a key factor driving growth of the global neem extract market. Additionally, rising applications of neem extract in the pharmaceutical and biotechnology industry is another major factor supporting growth of the target market.

In addition, growing awareness about herbal products, rising number of herbal product manufacturers, and growing preference for natural products among consumers are some major factors propelling the market growth.

Moreover, increasing concern level about soil pollution, side effects of chemical fertilizers, and health issues associated with increased chemical use in farming are among the other factors resulting in growing use of neem extract in agriculture field. This in turn expected to drive growth of the global neem extract market over the forecast period.

Key Trends:

Growing product launches of various healthcare products that includes neem extract is a major trend witnessed in the global neem extract market. For instance, in January 2019, Amway India Enterprises Pvt. Ltd. has launched Glister Herbal Toothpaste. This product includes various herbal ingredients including neem exract. In addition, in October 2020, Nisarga Herbs – an India based Ayurveda brand has announced the launch of neem extract based respiratory immunity building product. This type of product launches expected to propel demand of neem extract in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global neem extract market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific held major market share in the global market in 2019 and is expected to grow at highest rate during the forecast period. The wide presence of many Ayurvedic product manufacturers in countries in the region is a major factor supporting growth of the target market in this region. Also, many countries such as India has long history about the use of neem products and high awareness among individuals about the benefits of neem are some other factors supporting growth of the Asia Pacific neem extract market.

However, rising awareness and growing usage of herbal products among individuals in countries in the North America and Europe region is expected to result in considerable growth of target market in these regions in the near future.

Scope of the Report:

Detailed Segmentation:

Global Neem Extract Market, By Application:

• Agriculture
• Pharmaceutical
• Personal Care Products
• Animal Food

Key Players Covered:

Key players operating in the global neem extract market includes E.I.D Parry India Ltd., Bros India Group, Parker India Group, Neeming Australia Pvt. Ltd., Agro Extracts Limited, Fortune Biotech Ltd., PJ Margo Pvt. Ltd., Bayer AG, Certis USA LLC, and Terramera Inc.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Neem Extract Market by application and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global neem extract market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.