Press release
Neem Extract Market: Unveiling Rapid Growth Trajectory, Forecast, and $4.89 Billion Outlook by 2028.
Neem Extract Global Market Report 2024
The Business Research Company presents an extensive market research report on the Neem Extract Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The neem extract market size has grown rapidly in recent years. It will grow from $2.66 billion in 2023 to $3 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The growth in the historic period can be attributed to traditional medicinal uses, natural pest control in agriculture, skin care and cosmetics industry demand, increasing awareness of neem's health benefits, environmentally friendly biopesticides.
The neem extract market size is expected to see rapid growth in the next few years. It will grow to $4.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to rising demand in personal care products, continued growth in organic farming, expansion in nutraceuticals industry, government initiatives supporting herbal products, emergence of neem-based functional foods. Major trends in the forecast period include research and development for new applications, expanding applications in healthcare, growing demand in agriculture, increasing awareness of herbal remedies, regulatory support for natural products.
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Key Market Players:
Major companies operating in the neem extract market report are East India Distilleries Parry Limited, Reddy International, Neeming Australia Pty Ltd., Parker Hannifin India Private Limited, Bros India Group, Gramin India Agri BusiNest, Agro Extracts Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Ozone Biotech, PJ Margo Pvt Ltd., Trifolio-M-GmbH, GreeNeem Agri Pvt Ltd., Neem India Products Pvt Ltd., Phyto Life sciences Pvt Ltd., Green Earth Products Pvt Ltd., Ichimaru Pharcos Co Ltd., Greenchem Biotech, Sunrise Agriland Development & Research Pvt Ltd., Unjha Ayurvedic Pharmacy, Herbo Nutra Extract Private Limited, APEX INTERNATIONAL, MRIDA GREENS & DEVELOPMENT PRIVATE LIMITED, YAXON BIOCARE Pvt LTD., AYUSH HERBALS & HEALTHCARE PRIVATE LIMITED, Herbal Creations, Eisai Pharmaceuticals India Pvt Ltd, GSK Exports and Imports, Cymbio Pharma Pvt Ltd, Truzt Organic, Quimico, Ally Matthan Creations Pvt Ltd
Market Drivers:
The growing demand for organic products is expected to propel the growth of the neem extract market going forward. Organic products refer to products that are created using only natural components, without the use of any artificial chemicals, hormones, antibiotics, or genetically modified organisms (GMOs). Neem extract is utilized in various sectors, including agriculture, personal care goods, medicines, and animal feed since its unique properties such as antibacterial and antifungal properties make it a perfect component for different organic and natural products. For instance, in December 2022, according to the U.S. Department of Agriculture's National Agricultural, a US-based government agency, organic product sales reached $11.2 billion in total in 2021, up by $1.28 billion with an increase of 13% from 2019. Therefore, the growing demand for organic products is driving the growth of the neem extract market.
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https://www.thebusinessresearchcompany.com/report/neem-extract-global-market-report
The neem extract market covered in this report is segmented -
1) By Type: Leaf Extract, Fruit And Seed Extract, Bark Extract
2) By Formulation: Dry, Liquid
3) By Application: Food And Beverages, Pharmaceutical, Nutraceutical, Personal Care And Cosmetics, Agriculture And Farming, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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Europe Neem Oil/Neem extract Industry 2016 Market Research Report
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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