The global neem extract market size reached US$ 1.16 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.16 Billion by 2027, exhibiting a growth rate (CAGR) of 10.53% during 2022-2027.
Neem extract is a yellow-brown plant oil extracted from the leaves, roots, barks, flowers, fruits, and seeds of the neem tree. It is an antimicrobial agent and strong antioxidant that aids in countering free radicals to neutralize bacteria, viruses, and fungi and reduce inflammation. Neem extract also assists in minimizing blood sugar levels, eliminating the risks of developing leprosy, eye disorders, diabetes, ulcers on the skin and in the digestive tract, preventing plaque formation in the mouth, etc. It is widely used as an effective pest-repellant and as a plant fertilizer to protect against soil pests and diseases. As a result, neem extract finds widespread applications in agriculture, personal care items, animal feed, pharmaceuticals, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Neem Extract Market Trends and Drivers:
The escalating product demand in nutraceuticals and dietary supplements to reduce cholesterol, blood clotting, and blood pressure levels in the body is among the primary factors driving the neem extract market. Besides this, the elevating need for bio-based extracts and essential oils to manufacture premium-quality styling gels, fairness creams, shampoos, body lotions, hand creams, etc., to minimize frizz, acne, blemishes, and redness on the skin is further augmenting the market growth.
Apart from this, the increasing requirement for neem extract in livestock feed as an anti-helminthic and antihyperglycemic agent to prevent animal diseases and infections is also catalyzing the global market. Moreover, the launch of innovative fertilizers and pesticides to organically cultivate vegetables and fruits is anticipated to propel the neem extract market over the forecasted period.
Global Neem Extract Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Agro Extracts Limited, Bros India Group, E.I.D. – Parry (India) Limited, Fortune Biotech Ltd., Gramin India Agri BusiNest, GreeNeem Agri Pvt Ltd., Neem India Products Pvt Ltd., Neeming Australia Pty Ltd, Ozone Biotech, PJ Margo Pvt. Ltd., TechnoServe Inc. and Trifolio-M GmbH.
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The report has segmented the market on the basis of region, type and application.
Breakup by Type:
- Seed Extract
- Leaf Extract
- Bark Extract
Breakup by Application:
- Personal Care Products
- Animal Feed
The Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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