Neem Extracts Market Research, Segmentation, Key Players Analysis and Industry Forecast By 2024-2031 | E.I.D. Parry Ind. Ltd., Godrej Group

The Neem Extracts Market is estimated for 2024 for the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Neem extracts are obtained from neem tree seeds, leaves, and bark and have various applications in agricultural pesticides, personal care products, pharmaceuticals, and animal feed. Neem extracts possess antiviral, antimicrobial, anti-inflammatory properties which make them suitable for use in pesticides, cosmetics, and medicines.

Market Dynamics:

The neem extracts market is expected to be driven by growing demand from the agricultural sector. Neem extracts have biopesticide properties and are widely used as natural insecticides, fungicides, and nematicides in agricultural farms. This reduces dependence on chemical pesticides and helps farmers adopt sustainable agricultural practices. The market is also expected to gain traction from increasing demand for organic personal care and cosmetic products. Neem extracts are commonly used in face creams, lotions, and soaps due to their antibacterial and anti-inflammatory properties. The antioxidant compounds in neem also help slow down signs of aging.

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Top Key Players are Covered in this Report:

★ 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

Market Segmentation:

By Applications:

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

Key Region/Countries are Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

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Increasing Use of Neem Extracts in Personal Care and Cosmetic Products

The neem extracts market is growing rapidly due to the rising demand for natural and herb-based personal care products. Neem extracts have various beneficial properties like antifungal, antibacterial, antiviral which make them suitable for use in cosmetic products. They help treat acne, pimples, and other skin problems naturally. Neem is known to have collagen-boosting properties which help reduce signs of aging like wrinkles and fine lines. With growing consumer preference for herbal and natural ingredients, personal care brands are increasingly incorporating neem extracts in formulations of creams, lotions, shampoos, and other products. The multifunctional properties and therapeutic benefits of neem extracts are fueling their use in various cosmetic applications.

Growing Demand for Natural Pest Control Products

Another key driver for the neem extracts market is the increasing demand for natural and organic pest control products globally. Strong neem properties like antifeedant, insect growth regulating, and repellent activities have made it an important biopesticide. Neem extract products are widely used for controlling various insects, mites, nematodes in agriculture that damage crops. With growing environmental and health concerns regarding the use of synthetic pesticides, farmers and cultivators are shifting to eco-friendly neem extract-based solutions. The rising organic farmland and implementation of stringent regulations on chemical pesticides further promotes the pest control application of neem extracts. This growing demand from the agricultural sector significantly contributes to the global market revenue.

Restricted Cultivation of Neem Trees

Though neem trees can grow under varied climatic conditions, shortage of raw neem seeds and kernels acts as a key challenge for the extracts industry. Neem is predominantly grown in regions of India, Africa, and South America. Restricted cultivation areas coupled with rising demand can put pressure on the steady supply of raw materials. Neem plantations need to be expanded to other suitable geographies to ensure consistent supply for the booming extracts market. Limited availability of neem seeds and kernels can restrain the market growth particularly during peak demand seasons. Industry players require robust sourcing strategies and long-term supply contracts with farmers to overcome this production constraint.

Increasing Investment in R&D of Neem Extract Formulations

Growing commercial potential of neem extracts has attracted significant investments in research and new product development. Market players are collaborating with research institutions to develop enhanced and application-specific neem extract formulations. Ongoing research explores ways to improve extraction efficiency, maximize functional properties, and commercialize new derivate products from neem. Focus on standardization, safety analysis, and clinical validation of neem extracts can help expand approved use areas. Besides existing applications, R&D aims to evaluate neem extracts for new sectors like pharmaceuticals, veterinary medicines, and aquaculture. Success in these efforts presents lucrative opportunities to tap new markets. Backed by continuous innovations, the neem extracts industry is poised to flourish further in the coming years.

Increasing Global Population and Urbanization

Over the past few decades, the world has witnessed unprecedented population growth and urbanization rates. This mega trend has spillover effects on various sectors including the neem extracts market. Growing population inflates the demand for food grains as well as personal and healthcare products where neem extracts find applications. With increasing urban congestion and land constraints in cities, sustainable agricultural practices promoting organic and biopesticide use are crucial. The rising consumer awareness about health, environment and quality further reinforces this trend. The rapidly expanding global population currently at 7.7 billion is projected to reach around 9.7 billion by 2050 as per UN estimates. This demographic shift will generate sustained demand for neem extracts and accelerate the market growth worldwide over the long term.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Neem Extracts market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Neem Extracts market economy globally?

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: 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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This release was published on openPR.