Neem Extract Market – Overview
The qualities of neem are leading to its increased incorporation in various product types globally. Reports that review the food, beverage, and nutrition industry have been offered by Market Research Future, which generates reports on industry verticals that evaluate the market development and opportunities. The market is expected to gain a positive CAGR in the course of the forecast period.
The global Neem Extract Market size is expected to register a growth rate of 5.8% from 2020 to 2027 and reach USD 4.5 billion by 2027.
The incremental use of neem in a variety of personal care and pharmaceutical products is a crucial driving factor for the neem extract market around the world. Moreover, its use in effectively reducing the incidence of infestation, particularly in crops is expected to motivate the neem extract market in the forecast period. Also, the increased government regulations reducing the availability of chemical-rich products are expected to increase the demand for natural ingredients like neem in the upcoming years.
Segmentations:
The segmental evaluation of the neem extract market is carried out on basis of by type, region, and application. Based on type, the neem extract market is segmented into leaf extract, seed extract, and bark extract. Based on the application, the neem extract market has been segmented into animal feed, agriculture, personal care, and pharmaceuticals. The personal care segment is estimated to grow significantly due to amplified awareness among customers about the bad effects of chemical personal care products. On the other hand, the agriculture segment is expected to hold a prominent share among the diverse application segments for neem extracts in the forecast period. Based on the regions, the neem extract market is segmented into the Middle East, APAC, Africa, Europe, and North America.
Detailed Regional Analysis:
The regional appraisal of the neem extract market includes regions such as the Middle East, APAC, Africa, Europe, and North America. As per the review, the Asia Pacific region has the global largest region in the Neem extract production and manufactures the related product on a large scale. At present, India is the major manufacturer of neem extracts products. The growth rate of the APAC region is anticipated to grow at a favorable rate over the forecast period trailed by the European region supported by advanced nations like the UK, Germany, US, Spain. The European region will demonstrate significant growth in the forecast period, as there are strict regulations on the use of chemical-based agriculture products.
Competitive Landscape:
The leverage created by the companies by deploying marketing strategies and activities is further enhancing the expansion of the market. The level of competitiveness of the environment in the market is expected to be reasonable as there is ample scope for progress. The market is anticipated to display positive signs for market growth in the approaching period. The demographic changes are expected to show a positive effect on the progress of the market. The surge in e-commerce activities is expected to motivate the market in the upcoming years. The fiscal policies that are in effect in the market are expected to lead to a robust pace of development. The enhancement of production facilities is expected to motivate the market’s progress. The trade liberalization in the market and technological developments are expected to encourage the development of the market in the approaching years.
The notable players studied in Key Neem Extract Market Players report are Neeming Australia Pty Ltd, P.J. Margo Pvt. Ltd, Agro Extract Limited, E.I.D-Parry (India) Limited, Ozone Biotech Pvt Ltd, GreeNeem Agri Private Limited, The Indian Neem Fortune Biotech Ltd, Parker India Group, Tree Company, and, Bros India Group to name a few.
Industry Updates:
May 2019 Colgate India has recently launched Colgate Strong Teeth with new Amino Shakti while Colgate Zig Zag Neem toothbrush was also launched with bristles infused with Neem extract.
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