Introduction to Neem extracts Market Overview
Neem is a plant which is used for medicinal and other purposes. Neem is used for treatment of infections, fever, inflammation, skin diseases and others. The phytochemical compound in neem extracts are used for antibacterial action and antimicrobial activity. Neem extracts are also used for various personal care products such as a skin moisturizer, acne protection, skin irritation and others.
Market Size and Forecast
The global neem extracts market is observing dynamic growth on account of increasing number of personal care products, thereby driving the demand for neem extracts. Advancement in pharmaceutical industry coupled with the growing R&D activities is projected to drive the neem extracts market across the globe.
The neem extracts is anticipated to exhibit high growth during the forecast period on the account of rising demand for the bio based agricultural products. Additionally, the fertilizer holds the major share for the application segment .This is expected to drive the demand for the neem extract market during the forecast period.
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As per WHO, the global malaria cases have been increased from 212 million cases in 2015 to 219 million cases in 2017. The high application of neem extracts for the treatment of malaria is expected to expand the market growth of the neem extracts during the forecast period.
Neem extracts with its various applications have anticipated to record a CAGR of 18.2% over the forecast period. The neem extracts market is expected to reach a value of USD 2.5 billion at the end of the forecast period.
Growth Drivers
Rising Demand for Bio-Agricultural Products
Increasing R&D development have introduced various applications of neem extracts which can be used for agricultural products. These agricultural products are bio based and environment friendly. The rising disposable income coupled with the agricultural initiatives by government have facilitated the growth of neem extracts market during the forecast period.
High Medicinal Applications
The numerous diseases that can be cured by neem extracts such as indigestion, oral problems, skin problems, eye problems and others is expected to increase the demand for neem extracts. Additionally, the rising usage of neem extracts for personal care products is also expected to boost the neem extracts market across the globe.
Restraints
Geographical Limitation
Asia Pacific region holds the largest number of neem trees in the world. However, other countries which have relatively low plantation of neem trees. This leads to high import of neem from other countries which increases the price of the neem extracts .Thus, it is expected to hinder the market growth during the forecast period.
Market Segmentation
Our-in depth analysis of the global neem extracts market includes the following segments:
By Source Type
- Seed Extract
- Leaf Extract
- Bark Extract
By Application
- Pharmaceuticals
- Personal Care
- Animal Feed
- Chemicals
- Fertilizers
- Others
By Region
On the basis of regional analysis, global Neem extracts market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia-Pacific is expected to contribute the highest share in neem extracts market during the forecast period. The high production of neem coupled with traditional usage of neem extracts increase the demand for neem extracts in Asia-Pacific region.
North America and Europe are expected to show substantial growth in the neem extracts market on account of stringent government regulations related to the usage of chemical.
Global neem extracts market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Top Featured Companies Dominating The Market
- Bayer AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- American Vanguard Corporation
- Groupo Ultraquimia
- Boss India Group
- Terramera Inc.
- Ozone Biotech Pvt. Ltd.
- GreeNeem Agri Pvt. Ltd.
- Fortune Biotech Ltd
- Trifolio-M GmbH
- The Indian Neem Tree Company
