Neem Extracts Market Analysis Growth Prospects, SWOT Analysis, Business Development and Forecast 2023-2030 | E.I.D. Parry Ind. Ltd., Godrej Group

Market Overview:

Neem extracts are obtained from neem tree and find applications as pesticides, fertilizers and personal care products. Neem extracts contain azadirachtin which is a potent biopesticide, used to control various pests in agriculture as well as domestic habitats.

Market Dynamics:

The neem extracts market is expected to grow at a significant rate owing to increasing demand from personal care and agriculture industries. Neem extracts are increasingly being used in the production of skin care products such as soaps, lotions and oils due to their anti-inflammatory, anti-fungal and anti-bacterial properties. They help treat various skin conditions and impart glow and texture to the skin. Neem extracts are also gaining popularity as biopesticides and biofertilizers in the agriculture sector as they are effective in pest control and improvement of soil quality and fertility. Additionally, neem extracts are considered safer than other agrochemicals due to their non-toxic nature, hence witnessing increasing demand from organic farmers.

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Major market players included in this report are:

★ E.I.D. Parry Ind. Ltd.
★ Godrej Group
★ Agro Extract Limited
★ Neeming Australia Pty Ltd.
★ ITC Limited
★ W R Grace & Co.
★ Margo Pvt. Ltd.
★ Ozone Biotech Pvt. Ltd.
★ GreeNeem Agri Pvt. Ltd.
★ Nimbarka
★ The Indian Neem Tree Company
★ Bayer AG
★ Bros India Group
★ Fortune Biotech Ltd
★ Certis USA LLC
★ Terramera Inc.
★ American Vanguard Corporation

Detailed Segmentation:

On the basis of application,

✦ Bio-fertilizer
✦ Personal Care
✦ Pharmaceutical
✦ Animal Feed

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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👉 Driver: Growing Demand for Natural Ingredients in Personal Care Products

The demand for neem extracts is increasing in the personal care industry due to growing awareness about the benefits of using natural and herbal ingredients. Neem extracts contain antioxidants and antimicrobial properties that make them suitable for various personal care applications like skin care, hair care, oral care, and cosmetics. Many personal care product manufacturers are replacing synthetic ingredients with natural extracts to cater to the rise in demand for natural and organic personal care products. Neem extracts help formulate products like cleansers, lotions, scrubs, face masks, shampoos, conditioners, etc. that soothe irritated skin and treat skin conditions like acne naturally. The neem market is benefiting from increased spending on organic and natural personal care products by health-conscious consumers who prefer herbal alternatives to chemicals.

👉 Driver: Wide Application in Agricultural Sector

Neem extracts have applications as biopesticides and biofertilizers in the agricultural sector. Neem contains compounds like azadirachtin that are effective as natural insecticides and pesticides. Usage of neem extracts helps control pest infestations like insects, nematodes, fungi in agricultural crops without harming the environment. It is a sustainable alternative to chemical pesticides. Neem extracts also improve soil fertility and support healthy plant growth when used as a biofertilizer. With the growing organic farming movement and need to reduce chemical usage in conventional agriculture, demand for neem extracts from the farming industry is on the rise for integrated pest management and overall crop protection.

👉 Restrain: Availability of Substitutes

While neem extracts have numerous benefits, the market also faces competition from available substitutes. Other plant-based extracts that have insecticidal, fungicidal and remedial properties act as substitutes. For example, extracts from cinnamon, clove, eucalyptus offer similar pest control attributes as neem. In personal care, supplements derived from aloe vera, turmeric, tea tree oil compete with neem extracts. Synthetic chemicals continue to dominate the agricultural sector as well. This poses a challenge for neem extract manufacturers to differentiate their products and promote the unique balance of advantages offered by neem to stay ahead of substitutes. Investments in research and innovation are required to explore new applications and drive greater adoption of neem extracts.

👉 Opportunity: Growing Organic Personal Care Industry

The rising popularity of organic personal care products worldwide presents significant opportunities for neem extract manufacturers and suppliers. More consumers are choosing organic personal care today due to rising health consciousness and awareness about harmful chemicals in mainstream personal care products. The organic personal care market is estimated to grow at a CAGR of over 10% in the next five years. This exploding demand offers a favorable environment to promote neem-based natural and herbal products. Neem extracts meet the criteria for organic certification and ingredient requirements for products labeled as natural or organic. Companies can tap opportunities in premium organic skin, hair, cosmetic markets by intensifying focus on R&D, product development, and marketing of neem-based organic personal care ranges. Partnerships with leading organic brands will further aid in capturing increasing customer interest in organic neem formulations.

Key Questions:

• Who are the key market players?
• Which region dominates the market in terms of market share?
• What are the latest trends in the Neem Extracts Market?
• How are legal and regulatory factors impacting the market?
• What marketing and advertising strategies are employed by businesses in the market?
• What are the consumer preferences and buying behaviors in the market?
• What is the future outlook and growth potential of the market

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Some of the Major Points of TOC Cover:

Chapter 1: Techniques & Scope

1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources

Chapter 2: Latest Trends Summary

2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends

Chapter 3: Neem Extracts Industry Insights

3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape

Chapter 4: Neem Extracts Market, By Region

Chapter 5: Company Profiles

5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook

Chapter 6: Assumptions and Acronyms

Chapter 7: Research Methodology

Chapter 8: Contact (Continue . . .)

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