Global Neem Extract Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Neem Extract Market 2021 (Includes Business Impact of COVID-19)
Global Neem Extract Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global neem extracts market report has been segmented as per product type, application, and region.
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The global Neem Extract market size was valued at USD$ 1356.97 million in 2020 and is projected to reach USD $5778.23 million by 2030, and is anticipated to expand at a CAGR of 15.55% over the forecast period from 2020 to 2030.


Global Neem Extract Market: Overview


Neem extract is derived from neem leaves, bark, and seed. It is largely used in various products in pharmaceutical, agriculture, and cosmetics industry. Neem extract is considered as an ideal ingredient in many organic products such as pet and animal care products, and herbal and beauty care products owing to its medicinal benefits.


Global Neem Extract Market: Dynamics


Growing demand for neem extracts among various industry verticals such as pharmaceutical, personal care, agriculture, and animal feed is a key factor expected to drive growth of the global neem extracts market over the forecast period. In addition, rising awareness about medicinal benefits of neem among end users across the globe is major factor expected to support growth of the global neem extract market.

Increasing demand for bio-based fertilizers, insecticides and pesticides in agriculture sector across the globe is another key factor expected to fuel growth of the global neem extracts market during the forecast period. In addition, rising demand for neem extracts among individuals due to several health benefits of neem extract such as, ease palpitation, regulated digestion, to regulate blood pressure, and to reduce cholesterol levels and blood clotting is another factor expected to boost growth of the global market.

Furthermore, increasing preference towards Ayurveda treatments in various disease treatments is another key factor expected to proliferate growth of the global market in the upcoming years. Increasing concerns about various beauty products along with zero side-effect resulting in growing demand for herbal beauty products among female population across the globe is another major factor expected to propel growth of the target market.

However, limited availability of raw material and high product cost are major factors expected to restraint growth of the global neem extract market over the forecast period.


Global Neem Extract Market: Segment Analysis


Among the application segment, health and personal care segment is expected to account for substantial growth in the global neem extract market. Rising awareness and concerns about side-effects of cosmetic products containing chemicals among individuals, rise in health and beauty consciousness, and rapid adoption of the herbal health and beauty products across the globe are key factor supporting growth of the health and personal care segment in the global market.


Global Neem Extract Market: Region Analysis


The market in Asia Pacific account for highest revenue share and is projected to dominate the target market over the forecast period, owing to favorable climate conditions for neem trees and rising awareness about medicinal benefits of neem tree among individuals. In addition, increasing demand for various herbal products such as, toothpaste, soap, shampoo, powder, and other beauty care products among consumers is supporting growth of the target market in Asia Pacific region. Market in North America is expected to register a moderate growth in the global market followed by market in Europe, owing to increasing penetration of herbal products, increasing cognizance level about ayurvedic treatments on several diseases, and rising preference for herbal cosmetics among individuals in countries in these regions.

Global Neem Extract Market Segmentation:

Segmentation by product type:

  
Leaf Extracts
  
Seed Extracts
  
Bark Extracts

Segmentation by product type:

  
Pharmaceutical
  
Health and Personal Care
  
Agriculture
  
Animal Feed


Key Market Players included in the report:


  
Agro Extracts Limited (India)
  
American Vanguard Corporation.
  
Bayer AG
  
Bioneem Technology Industria e Comercio Ltda
  
Biotech
  
Bros India Group (India)
  
Certis USA LLC
  
E.I.D. Parry (India) Limited
  
Fortune Biotech Ltd (India)
  
Gramin India Agri Businest (India)
  
Green Earth Products Pvt. Ltd (India)
  
Grupo Ultraquimia
  
Ichimaru Pharcos Co.
  
Indian Neem Tree
  
Neeming Australia Pty Ltd (Australia)
  
Ozone Biotech Pvt. Ltd.
  
P.J. Margo Pvt. Ltd.
  
Parker India Group (India)
  
Phyto Life Sciences P. Ltd (India)
  
PJ Margo Pvt. Ltd (India)
  
Terramera Inc.
  
The Indian Neem Tree Company (India)
  
Trifolio-M GmbH (Germany)