Global Neem Extract Market to Witness 16.3% CAGR During 2016 – 2022

The global neem extract market is expected to grow at a CAGR of 16.3% during 2016 - 2022. Among the various segments, seed extract dominated the global neem extract market in 2015.

Explore Report Description With Detailed TOC at: https://www.psmarketresearch.com/market-analysis/neem-extract-market

The global neem extract market is booming due to the growing interest of people towards bio-based products. Neem extract is an import-led market, mostly dependent on exports from the Asian countries such as India. The key importers from India are U.S., Vietnam, North Korea, Spain, and Italy. Globally neem extract is used in three broad application areas, including agriculture, health and personal care, and animal products; where agriculture dominated the market in 2015. Based on product type, the market is categorized into seed extract, leaf extract and bark extract, where seed extract segment witnessed highest sales in 2015. The neem extract market is highly fragmented with very small-sized players who do not have a fix channel for international sales, except online marketplace.

Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/neem-extract-market/report-sample

Brazil and China have observed neem as a highly beneficial tree, which is leading them to invest in its plantations. While China has already started investing in neem plantations, Brazil is looking for private sector investors for the same. This not only hints at their domestic neem extract consumption growth but also provides increasing opportunities for its international trade. With Brazil becoming one of the exporter, the import of neem extract by certain countries (such as North America) is expected to increase in the long run.

Countries such as Spain, France and Denmark have reduced the agricultural chemical usage by about 30%. Among the Asian countries, Australia is the leading market for bio-based products, including neem extract based fertilizers and pesticides. China and India are the other major countries in the region using neem extract based farm products. In 2016, Indian Farmers Fertilizer Cooperative Limited (IFFCO) announced a scheme under which the organization will purchase neem tree fruits from farmers to increase the production of bio based fertilizers in the country. IFFCO itself has planted about 150,000 neem saplings in the recent years. The Indian government has also made it mandatory to produce neem coated urea.

Make Enquiry before Buying the Report@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=neem-extract-market

The major companies operating in the global Neem Extract market 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., The Indian Neem Tree Company, Bros India Group. Other key players include Certis USA LLC, Bayer AG, American Vanguard Corporation, Terramera Inc., and Grupo Ultraquimia and Bioneem Technology Industria e Comercio Ltda.

About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

This release was published on openPR.