India Neem Extract Market by Segment (Seed Extract, Leaf Extract, Bark Extract), by Application (Agriculture, Health and Personal Care, Animal Products) – Market Size, Share, Development, Growth and Demand Forecast, 2013-2023

The Indian neem extract market will be observing a constant growth in the coming years, due to large neem production and rising attraction towards healthier and herbal goods in the country. Three broad application segments of the Indian neem extract market are animal products, health and personal care, and agriculture - where agriculture holds the largest market size.

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India is a major neem extract market, where several ayurvedic companies including Dabur, Patanjali, Baidyanath and Zandu are the key users of neem extract. The consumption of fertilizer based neem extract products is the highest of the total consumption of neem extract in the agriculture sector of the market. In India, neem extract also find application as pesticide, where 300 parts per million (PPM) and 1,500 PPM are the preferred concentrations. The demand of neem extract for applications in personal care is higher than nutraceuticals.

In India, neem extracts are highly produced and exported on account of medicinal benefits associated with them. This district contributes highest to the neem extract exports in India.

Due to rising awareness among people regarding the harmful effects of pesticide and fertilizer based neem extracts, the demand for bio-based pesticides and fertilizers has increased to a considerable amount. As neem is a major ingredient in most of the bio-based products, the demand of neem extracts is also escalating.

With a vast access to neem plantation in the country and rising public awareness regarding the advantages offered by neem extracts in livestock feeding and agriculture, India is expected to hold a substantial position in the neem extract market, in the medium and long terms.

Although neem has been proved to have multiple benefits for human and animals, there is difference in opinion among Indian researchers on this topic, which is discouraging some people from extensive consumption of neem products. Certain studies show that consumption of neem leaf or neem bark based medicines may be harmful during pregnancy. This factor is hindering the growth of the neem extract market in India.

The major players operating in the Indian neem extract market include Patanjali, E.I.D. Parry (India) Limited, P.J. Margo Pvt. Ltd., Agro Extract Limited, Ozone Biotech Pvt. Ltd., GreeNeem Agri Private Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, and Bros India Group.

The neem extract market is fragmented with very small-sized players who do not have a fixed channel for international sales, except online marketplace. The rejuvenation of ayurveda-based therapy owing to campaigns and advertisements by the domestic ayurvedic companies such as Patanjali (India), has increased the scope of neem extract in personal care domain. Some of the key importers from India are the U.S., Vietnam, North Korea, Spain, and Italy.

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