The latest research study “Neem Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
What is Neem Extract?
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.
Impact of COVID-19:
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.
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What are the major drivers for the neem extract market?
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.
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Neem Extract Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 1.16 Billion |
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Market forecast in 2027 |
US$ 2.16 Billion |
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Growth Rate |
CAGR of 10.53% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, Application and Region |
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Regional scope |
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa |
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global neem extract market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, type and application.
Breakup by Type:
- Seed Extract
- Leaf Extract
- Bark Extract
Breakup by Application:
- Agriculture
- Personal Care Products
- Pharmaceutical
- Animal Feed
- Others
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
List of Major Key Players:
- 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.
- Trifolio-M GmbH.
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