The report provides an outlook on the growth in the global Neem Extracts Market by showing a wide range of data for the forecast period. The report also provides a detailed description of the findings and recommendations that will add value to the process of decision-making. The report includes an analysis including the market size, drivers, restraints, current trends, and emerging opportunities. The market has been identified to be highly competitive based on several initiatives such as capacity expansion, mergers & acquisition, product, and technological innovations and has been undertaken by key companies to gain maximum market share. The report evaluates the current market size in terms of the volume and forecast for the period from 2019 to 2026.
Neem extracts are active ingredient of neem in concentrated form. Neem is a versatile plant, which can give us many valuable products, and its health benefits are known for centuries. Nowadays seed, leaf, bark extracts of the neem plant are available in the market, and are in huge demand. Commercially available extracts from seed, leaf and bark of neem plants find application in pharmaceutical and agricultural industry besides many others. Earlier the application of neem extracts was more localized, attributed to the traditional knowledge of sub-urban people, but as people became more aware of its variety benefits, industrialization of this product began.
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Global neem extracts market finds wide application in industries such as pharmaceuticals, agriculture, bio pesticides, fertilizers, health & personal care, nutraceuticals, personal care and animal products such as animal feed, pet care. Increasing awareness about health benefits of neem coupled with no side effects is promoting the growth of global neem extracts industry. The pharmaceutical industry is the biggest end user of the global neem extracts market. After pharmaceuticals, which is one of the largest end-user of neem extracts, is in the agricultural market.
Asia-Pacific leads the global neem extracts market in terms of both demand and production followed by Europe. The key players in global neem extracts market include EID Parry India Ltd, Agro Extracts Ltd., Parker Biotech Pvt. Ltd. Neeming Australia Pvt. Ltd, PJ Margo Pvt. Ltd., Ozone Biotech, Gramin India Agri BusiNest and Greeneem Agri Pvt. Ltd.
Owing to increased raw material prices and harmful effects of fertilizers their usage is declining and this is in turn promoting the shift to bio-fertilizers, hence indirectly promoting the neem extracts market. However, the absence of quality raw materials, high prices of neem extracts, huge gap in the supply-demand and the absence of a suitable technology to promote cheaper production of neem extracts are serving as constraints to the growth of this market. Nevertheless, research is been carried to find more economical ways of producing neem extracts; this can really support the growth of this market. Moreover, the governments of developing nations, in particular India and China are trying their best to promote the growth of this market.
Table Of Contents – Overview
4.Neem Extracts Market Analysis By Products
5.Neem Extracts Market Analysis By Applications
6.Neem Extracts Market Analysis By Region
7.Competitive Landscape Of Neem Extracts Companies
8.Company Profiles Of Neem Extracts Industry
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