The demand for Neem extracts is expected to grow in the markets such as India, Russia, Vietnam, Korea, Japan and China among others, due to the declining popularity of synthetic fertilizers and pesticides. As government and other NGO’s in respective countries are educating the farmers for the extended use of bio based fertilizers for long term crop protection, the demand of neem based agro inputs are also shooting up.
Albany, NY -- (SBWIRE) -- 03/09/2016 -- A substantial increase in demand for organic and natural products from fresh produce, personal care, pharmaceutical and animal feed sectors are expected to push the demand for neem extracts over the period of 213 - 2019 globally. Moreover, increasing awareness about the side effects of the synthetic chemicals in agricultural field is likely to prompt the usage of bio-fertilizers and bio-pesticides over the next six years. Neem is considered as one of the most effective and efficient bio-pesticide and bio-fertilizer. The versatility of the plant is expected to increase its demand in almost all sectors in the global market.
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Some of the medicinal benefits of neem are- it reduces blood clotting, lowers blood pressure and cholesterol, eases palpitations and regulates digestion. These medicinal benefits of neem are expected to augment its growth in the pharmaceutical sector over the forecast period. Moreover, government initiatives in countries such as India and China would increase the production of neem extracts over the next six years. India, at present, is the largest producer and exporter of neem extracts. Among the application sectors, Chemicals and Fertilizers is the largest consumer of neem extracts followed by animal feed and pet care.
Geographically, Asia Pacific is the largest market for neem extracts, whereas Europe is expected to grow at a faster rate over the forecast period. Globally, the neem extracts market is expected to grow at a substantial single digit growth rate from 2013 to 2019. In North America, the U.S. is the largest consumer of neem extracts followed by Canada. The demand for neem extracts among the European countries such as Spain, Germany and Italy is expected to grow substantially due to growing organic farming and increasing demand for organic personal care products.
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This report has been segmented by applications of neem extracts and by geographies. It also includes the drivers, restraints and opportunities (DROs), Porter's five forces analysis and value chain of neem extracts. The study highlights current market trends and provides the forecast from 2013 to 2019.
The study covers the analysis of geographies such as North America, Europe, Asia Pacific and Rest of the World (RoW). The current market size and forecast till 2019 have been provided in the report in terms of both Value (USD million) and Volume (million kg).
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The report also analyzes macro-economic factors influencing and inhibiting the growth of neem extracts market. Porter's five forces analysis offers insights on market competition throughout its value chain. In addition, the market attractiveness analysis provided in the report highlights key investing areas in this industry. The report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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