Press release
Neem Extracts Market: Global Market Size, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
Neem Extracts Market
Global neem extracts market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024
Market Outline: Global Neem Extracts Market
Neem extracts are derived from neem tree such as leaves, bark, and seeds. Neem extracts have significant medicinal values and used in the pharmaceuticals, agriculture, and agriculture sectors.
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Market Dynamics: Global Neem Extracts Market
Increase in the awareness about the use of natural personal care products is a key factor drives the global neem extracts market. Moreover, rise in adoption of bio-fertilizers in agriculture segment, technological advancements in the neem extract, and increase in R&D for innovation of newer products, and easy availability of raw materials are anticipated to fuel the global neem extracts market. However, demand supply gap for neem extracts, lack of quality raw materials, and high cost of products are expected to hinder the growth of global neem extract market.
Market Scope: Global Neem Extracts Market
Global neem extracts market is segmented based on product type and application
Based on the product type, the market is segmented into the following:
• Seed Extract
• Bark Extract
• Leaf Extract
Based on the application, the market is segmented into the following:
• Pharmaceutical
• Agriculture
• Animal Feed
• Cosmetics
• Others
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Regional Analysis: Global Neem Extracts Market
Geographically, global neem extracts market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America neem extracts market is expected to dominated the revenue share owing to increase in the usage of bio-fertilizers, rise in number of end user industries, and government initiations for usage of natural products instead of chemical compounds are expected to propel the market. Due to stringent regulations for the usage of chemical fertilizers in Europe, rise in the usage of personal care and cosmetic products, and increase in the livestock farming is expected to drive Europe neem extracts market. However, Asia Pacific neem extracts market is expanding at robust CAGR owing to better availability of the raw materials, rise in agriculture farming in India and China, and high awareness about the medicinal values of neem extracts are bolster the market.
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Competition Assessment: Global Neem Extracts Market
Some of the players in the global neem extracts market include:
• Fortune Biotech Ltd (India)
• Agro Extracts Limited (India)
• Neeming Australia Pty. Ltd (Australia)
• Ozone Biotech (India)
• The Indian Neem Tree Company (India)
• PJ Margo Pvt. Ltd (India)
• I.D Perry India Ltd. (India)
• Parker India Group Pvt. Ltd. (India)
• Trifolio-M GmbH (Germany)
• Bros India Group (India)
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