ID: MRFR/F-B & N/0561-HCR | 115 Pages | Published By Sakshi Gupta on March 2023
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 Neem Extracts Market is witnessing a high growth due to the increasing usage of neem extracts in a variety of products across the agriculture, personal care, food & beverages, and pharmaceuticals industries. The neem plant possesses various medicinal properties, which, in turn, makes it an ideal ingredient for different organic and natural products. The global market is experiencing a rise in demand for neem-based products owing to the presence of antioxidants and its ability to work as an anti-inflammatory agent. Additionally, neem is also known for its pest and mosquito repellent properties. Therefore, most of the pest repellent products contain neem oil. Additionally, this encourages manufacturers to produces neem extract and eventually rises the market demand for neem extract market. Thus, these factors are expected to drive the growth of neem extracts industry.The neem extracts market is expected to grow with an impressive growth rate during the forecast period owing to the increasing demand for neem in personal care products because of its anti-inflammatory properties. In addition to that, neem helps in dealing with various skin issues, including acne, blemishes, and skin redness. Surging global demand for biopesticides and fertilizers is boosting the production of natural agricultural commodities, which, in turn, is fuelling the market for neem extracts.
|Market Size||USD 4.5 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Neeming Australia Pty Ltd (Australia), Agro Extracts Limited (India), Parker India Group (India), Fortune Biotech Ltd (India), The Indian Neem Tree Company (India), Ozone Biotech (India), PJ Margo Pvt. Ltd (India), Gramin India Agri Businest (India), GreeNeem Agri Pvt Ltd (India), Bros India Group (India), Phyto Life Sciences P. Ltd (India), Green Earth Products Pvt. Ltd (India), Ichimaru Pharcos Co., Ltd (India), Neem India (India), and Trifolio-M GmbH (Germany)|
|Key Market Opportunities||Surging global demand for biopesticides and fertilizers|
|Key Market Drivers||Increasing demand for neem in personal care products|
Neem extracts market is projected to grow at a 5.8% CAGR between 2020-2027.
Neeming Australia Pty Ltd (Australia), Agro Extracts Limited (India), Parker India Group (India), Fortune Biotech Ltd (India), The Indian Neem Tree Company (India), Ozone Biotech (India), PJ Margo Pvt. Ltd (India), Gramin India Agri Businest (India), GreeNeem Agri Pvt Ltd (India), and Trifolio-M GmbH (Germany) are some of the top players in the global global neem extracts industry.
Neem extracts market is predicted to touch USD 4.5 billion by 2027.
The personal care segment will lead the neem extracts market.
Increasing use of neem in personal care products and fertilizers are the key factors driving the neem extracts market.
The Asia Pacific is expected to dominate the neem extracts market.