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India Neem Extract Market by Segment, Application, Trends, Growth Drivers, Opportunities, Restraints and Competitive Landscape, 2014-2024 For Players: Patanjali Ayurved Limited, Agro Extracts Ltd & Ozone Biotech
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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.
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.
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.
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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.
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