The Neem Extract Market was accounted for USD 1689.3 Million in 2020 and is expected to reach USD 3238.1 Million by 2028, growing at a CAGR of around 8.1% between 2021 and 2028.
The Neem Extract Market accounted for USD 1689.3 Million in 2020 and is expected to reach USD 3238.1 Million by 2028, growing at a CAGR of around 8.1% between 2021 and 2028.
Escalating product demand from the cosmetics & care sector along with the growing global popularity of Ayurveda will bolster the expansion of neem extract market size within the near future. Besides this, the rising preference for natural therapy for treating chronic ailments of patients is probably going to open new vistas for the neem extract market. Ascending awareness regarding the side effects incurred thanks to the extensive application of synthetic chemicals in farming activities has enhanced the importance of neem across the world.
Furthermore, the utilization of neem extract in fertilizer for shielding grains will impel the neem extract market sphere. Today, natural constituents are in higher demand and neem extracts with beneficial features find a plethora of applications in myriad sectors. Furthermore, the anti-inflammatory, anti-oxidant, and anti-microbial characteristics offered by neem extract have made them more popular across the pharmaceutical and animal feed sectors. The decline within the neem plantation & low staple availability within the developed economies, however, is projected to impede the expansion of the neem extract market over the subsequent few years. Nevertheless, the escalating trend towards organic foods is projected to open lucrative avenues for the market within the next few years, normalizing the impact of hindrances on the neem extract market.
The lasting impact of this COVID-19 outbreak on health, social and economic crises cannot be combined. This cannot be underestimated. With the months of consumer lockdowns, international travel bans, and retail businesses have almost shattered. Consumer behavior towards beauty regimes has changed drastically, resulting in a decline in sales in the cosmetic care industry. Given the importance to all or any to the economic development of cities, countries, and regions, the broader impact of COVID-19 on the worldwide economy is gigantic.
The market is predicted to witness growth on account of rising demand from various end-use industries including care, pharmaceutical, animal feed, and agriculture. Furthermore, increasing consumer awareness about the health benefits of neem, particularly in developed regions, is anticipated to spice up the market growth over the forecast period. Increasing demand for bioinsecticides and biopesticides in developed regions is projected to fuel market growth. Intimidating responses received from consumers on the utilization of chemical pesticides thanks to environmental concerns are estimated to trigger product demand, especially in the Asia Pacific within the near future.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Agriculture (Bio-fertilizers) was one of the most important application segments and therefore the trend is predicted to continue on account of supporting government regulations. These regulations restrict the utilization of chemical-based fertilizers and pesticides due to health hazards. This has resulted in forcing manufacturers to shift towards manufacturing bio-based products. Personal care is probably going to be one of the fastest-growing application segments over the forecast period due to increasing consumer demand for products derived from natural sources.
Regionally, Asia Pacific has been leading the worldwide neem extract market and is anticipated to continue in the dominant position within the years to return. Easy staple availability is the main factor behind the dominance of the Asia Pacific neem extract market. The high number of market players headquartered in the Asia Pacific is another significant factor that's supporting this regional market. Reportedly, Asia pacific contributed nearly 58% towards the overall neem extract market share in 2018.
The key players of the neem extract market included in the reports are E.I.D Parry India Ltd., PJ Margo Pvt. Ltd, Neeming Australia, Ozone biotech, Prithvi Exports, Gramin India Agri Businest, Agro extracts limited and Parker India group among others.
The Neem Extract Market is segmented as follows:
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Neem Extract Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 6. Neem Extract Market for Pharmaceutical, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Neem Extract Market for Pharmaceutical, By Country, 2020 & 2028
FIG NO. 8. Neem Extract Market for Personal Care, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Neem Extract Market for Personal Care, By Country, 2020 & 2028
FIG NO. 10. Neem Extract Market for Agriculture, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Neem Extract Market for Agriculture, By Country, 2020 & 2028
FIG NO. 12. Neem Extract Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Neem Extract Market for Others, By Country, 2020 & 2028
FIG NO. 14. Neem Extract Market Revenue Share, By Region, 2020 & 2028
FIG NO. 15. North America Neem Extract Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 16. Porter’s Five Forces Analysis for Neem Extract Market
FIG NO. 17. PEST Analysis for Neem Extract Market
FIG NO. 18. Pricing Analysis for Neem Extract Market
FIG NO. 19. Value Chain Analysis for Neem Extract Market
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. Business Segment Revenue Share, 2020 (%)
FIG NO. 24. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Growth in World Gross Product, 2008-2018
FIG NO. 28. Research Methodology – Detailed View
FIG NO. 29. Research Methodology
List of Tables
TABLE NO. 1. Neem Extract Market : Snapshot
TABLE NO. 2. Quarterly Neem Extract Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Neem Extract Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Neem Extract Market for Pharmaceutical, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Neem Extract Market for Personal Care, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Neem Extract Market for Agriculture, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Neem Extract Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Neem Extract Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. North America Neem Extract Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Neem Extract Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 13. U.S. Neem Extract Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 14. Canada Neem Extract Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. Mexico Neem Extract Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 16. Drivers for the Neem Extract Market : Impact Analysis
TABLE NO. 17. Restraints for the Neem Extract Market : Impact Analysis
TABLE NO. 18. Major Buyers of Neem Extract
TABLE NO. 19. Distributors/Traders List of Neem Extract
TABLE NO. 20. Neem Extract Market , Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 21. Neem Extract Market , Company Y-o-Y Growth, 2017 – 2028 (USD Billion)
This report is based on in-depth qualitative and quantitative analyses of the global Neem Extract market. Zion Research has collected and analyzed key data belong to the global Neem Extract market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Neem Extract across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Neem Extract industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Neem Extract market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
Neem is an ideal ingredient in various products due to its manifold medicinal properties. Neem trees are versatile in nature and grow in tropical and semi-tropical regions. Neem extracts are made from leaves, bark and neem seed. Neem extracts are used in various application sectors including pharmaceutical, agriculture, personal care and animal feeds.
Neem is becoming popular as an effective bio-fertilizer and bio-pesticide. Increasing awareness regarding the side effects of the synthetic chemicals in agricultural field is the major factor driving the neem extract market growth. Governmental regulation coupled with the versatility of the plant is expected to contribute impulse growth to the neem extract market. Growing demand for herbal cosmetic and pharmaceutical products is expected to boost the growth of neem extract market in coming years. However, decreasing neem plantation and lack of availability of raw material in developed countries is expected to have an adverse impact on neem extract market growth. Nonetheless, rising preference towards organic food is expected to offer new opportunities to the major participants during the coming years.
Based on applications, the global neem extract market is bifurcated into pharmaceuticals, agriculture, personal care, animal feed and other. Agriculture was leading application segment of global neem extract market and expected to maintain its dominance throughout the forecast period. It accounted for over 72% share of the entire market in 2015. Moreover, personal care segment experienced significant growth in past few years due to the growing awareness of chemical-based personal care products such as soaps, shampoos, and cosmetics. The pharmaceutical segment accounted for around 8.7% market share in 2015 and expected to have significant growth due to the rising preference towards Ayurveda and natural treatment of diseases.
Asia-Pacific was the largest market for neem extract market in the world due to the huge agriculture area. It accounted more than 58% of market share in terms of revenue in 2015. Presently, India is the largest producer and exporter of neem extracts products across the globe. Due to the stringent government regulation over chemical fertilizers in western countries, demand for neem extract is expected to boost in Europe and North America.
Companies in the neem extract market are majorly located in Asia Pacific. E.I.D Parry India Ltd., Gramin India Agri Businest, PJ Margo Pvt. Ltd, Neeming Australia, Ozone biotech, Prithvi exports, Agro extracts limited and Parker India group among others are some of the leading profiles in the neem extract market.
The Neem Extract Market was valued at USD 1689.3 million in 2020.
The Neem Extract Market is expected to reach USD 3238.1 million by 2028, growing at a CAGR of 8.1% between 2021 to 2028.
Some of the key factors driving the Neem Extract Market growth are rapid urbanization, increasing consumer awareness about the health benefits of neem, and rising demand from various end-use industries including personal care, pharmaceutical, animal feed, and agriculture.
APAC held a substantial share of the Neem Extract Market in 2020.
The key players of the neem extract market included in reports are E.I.D Parry India Ltd., PJ Margo Pvt. Ltd, Neeming Australia, Ozone biotech, Prithvi Exports, Gramin India Agri Businest, Agro extracts limited and Parker India group among others