Pune, India -- (SBWire) -- 03/30/2018 --Market Overview:
Neem Extract Market has gained a huge traction around the globe primarily owing to the increasing awareness towards the adverse effects in the agricultural sector of the synthetic chemicals. The rising usage of neem extract as a bioactive constituent in fertilizers for the protection of grain, increasing usage of neem oil in fungicide, insecticide, and pesticides. Globally, the market for Neem extract has been increasing significantly due to increasing awareness of health concerns, Neem extract benefits are well known in Asia-Pacific due to this reason there is a high growth rate of manufacture and production of medicinal and personal care products for human. In western countries there are expanding markets for neem extracts, in developed countries government are prompting regulation regarding producing chemical free vegetables; fruits owing to this neem market are shooting up. For animal feed and pet care products, neem extract is treated as safe and effective, and it is the key reason behind the growth of this segment. Besides, neem extracts are extensively used in the manufacture of high quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand.
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Neem has an enormous track record of benefits including its ability to treat dandruff, soothe irritation, protect the skin, boost the immune system, reduce inflammation, treat gastric conditions, slow the aging process, increase hair and scalp health and reduce blood sugar levels. The list goes on and on! Neem is anti-bacterial, anti-viral and anti-fungal so it's no wonder they call it the 'miracle tree'. Neem oil, Neem bark and Neem leaves have been shown to support the immune system. Topical uses in soaps, creams and lotions help soothe redness, itching and swelling. Neem bark, rich in antioxidants, can be ground and made into neem tooth powder to support and maintain healthy teeth and gums. Virtually every part of the Neem tree can be used to help with improved health in humans, animals and plants.
The increasing inclination toward natural treatment of diseases and Ayurveda, the rising requirement for personal care products domain are few of the important factors that are contributing to the positive growth of the neem extract market. On the other hand, the reducing plantation of neem and shortage of accessibility of raw substances in the developed countries is anticipated to impede the growth of the market in the near future. Nevertheless, the growing inclination toward the organic food is expected to bring up new growth avenues for the market in the near future.
Competitive Analysis
The key players profiled in Neem extract market report include E.I.D-Parry (India) Limited, Neeming Australia Pty Ltd, P.J. Margo Pvt. Ltd, Agro Extract Limited, Ozone Biotech Pvt Ltd, GreeNeem Agri Private Limited, Fortune Biotech Ltd, Parker India Group, The Indian Neem Tree Company, and, Bros India Group
The Neem Extract market appears to be highly competitive owing to the presence of several large and small key players accounting for a substantial market share. Emphasising upon new product development initiatives, and geographical expansion; Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
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Regional Analysis
Asia-Pacific region has the world's largest area under Neem extract production and manufactures, and its growth rate is anticipated to grow at a substantial CAGR during 2017 -2022 followed by developed countries like UK, US, Germany, Spain region which will be accounted for a considerable CAGR. Owing to stringent government regulations on the use of chemical fertilizers; demand for bio fertilizers is rising in developed regions including North America and Europe is likely to boost neem extracts market over the forecast period. At present, India is the largest producer of neem extracts products.
Neem Extract Market Overview, Size, Share, Growth Rate Analysis, Future Demand, Top Key Players Review, Professional Survey and Industry Report by Forecast to 2021
Neem Extract Market Information by types (Seed Extract, Leaf Extract and Bark Extract) by application (Agriculture, Animal feed and personal care & pharmaceuticals) - Forecast to 2021