Press release
Neem Oil Market to Reach USD 5.21 Bn by 2029, emerging at a CAGR of 14.3 percent and forecast 2023-2029
Neem Oil Market
The Neem plant, renowned as one of the most versatile traditional plants in India, presents a multitude of applications. Different parts of the neem tree are used as insecticides, fertilizers, manure, soil conditioners, urea coating agents, and fumigants. In the modern era, the critical challenge lies in increasing food production while preserving food quality and the environment. Pesticides have become an integral component of sustainable agriculture and modern agricultural practices. The use of chemical pesticides and fertilizers is inevitable. This use is anticipated to influence the demand for the Neem Oil Market during the forecast period.
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Neem Oil Market Research Methodology:
Neem oil is a natural pesticide that can be used to protect your plants from insects, mites, and fungi. It is used medicinally and as an organic pesticide spray in the cosmetics sector. Organic gardeners appreciate how safe the oil is to use. Neem oil is safe for humans, animals, and even most wildlife because its insecticidal properties are directed at certain pests that harm garden plants. It is high in minerals and antioxidants, which protect the skin from environmental damage and help to prevent oxidative stress. Cold-pressed neem oil is used in a variety of cosmetics, including soaps, hair products, hand lotions, and pet shampoos.
What are Neem Oil Market Dynamics:
One of the driving forces in the Neem Oil market is the increasing focus on eco-friendly and sustainable agricultural practices. The neem-based natural pesticides derived from Azadirachta indica are considered less harmful, biodegradable, less toxic to non-target organisms, and economically viable. The successful results achieved through the application of formulated neem-based products in agriculture promise a cost-effective technology for the farming community. Numerous manufacturers are actively developing new neem oil products, contributing to market growth.
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What is Neem Oil Market Segmentation:
by Type
Leaf Extract
Seed Extract
Bark Extract
by Application
Pesticides/agriculture
Personal care
Animal products
Pharmaceuticals
Pharmaceutical Industry
Food Industry
by Form
Crude Neem Oil
Cold-Pressed Neem Oil
Neem Oil Extract
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Who are Neem Oil Market Key Players:
1. PJ Margo Private Limited
2. Agro Extracts Limited
3. Fortune Biotech Ltd
4. GreeNeem Agri Private Limited
5. Manorama Industries Limited
6. Neem India Products Pvt. Ltd.
7.Ozone Biotech
8. Neeming Australia
9. NOW Foods
10. Fortune Biotech Ltd.
11. SUN BIONATURALS (INDIA) PRIVATE LTD.
12. Banyan Botanicals
13. Group Velocity LLC.
14. Parry's BIO
15. United Industries Corporation
16. Murugappa Group
17. The Velocity Group
18. Agro Extracts Limited
19. Certis USA LLC
20. E.I.D. Parry
21. PJ Margo Pvt. Ltd.
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Table of content for the Neem Oil Market includes:
Neem Oil Market: Research Methodology
Neem Oil Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Neem Oil Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Neem Oil Market Regional Insights:
Asia Pacific secured the largest market share in 2022 and is projected to maintain its position at a Compound Annual Growth Rate (CAGR) over the forecast period. The region boasts a well-established domestic market for neem oil, driven by its extensive history of neem oil usage for various purposes, including agriculture, personal care, and medicine. Increasing awareness of neem oil's benefits, the demand for natural and organic products, and rising production of neem oil contribute to the region's dominance in the market.
Europe is another significant market for neem oil, marked by a growing demand for organic products, sustainable agricultural practices, and stringent regulations on chemical pesticides. Countries like Germany, France, and the United Kingdom are prominent consumers of neem oil in the region. Furthermore, the recognition of neem oil's medicinal properties is driving its adoption in the healthcare and personal care sectors, offering growth opportunities for neem oil manufacturers.
North America commands a substantial share of the neem oil market, with the United States leading the region. The preference for organic and natural products, along with strict regulations on synthetic pesticides, has fueled neem oil demand. Additionally, the region's well-established agriculture sector utilizes neem oil for crop protection. The presence of key neem oil manufacturers and increased investments in research and development further enhance the market's growth in North America.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Summary
The Europe Neem Oil/Neem extract Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Neem Oil/Neem extract industry.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Neem Oil/Neem extract market analysis is provided for the Europe markets including development trends, competitive landscape analysis, and key regions development status.
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