Neem Extract Market Future-Proofing Your Business with Market Size A Comprehensive Guide

A report from Allied Market Research projects that the global neem extract market will reach $2.04 billion by 2022, with a compound annual growth rate (CAGR) of 17.4% during the 2016-2022 forecast period. In 2015, Asia-Pacific led in revenue, accounting for 51.8% of the overall market. The agriculture segment held a prominent share of the market, and increased research and development in the neem field has driven awareness of its potential benefits, leading to its use in organic food and cosmetics.

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The neem extract market has been impacted by the COVID-19 pandemic, with the report providing a detailed study of the macroeconomic impacts, the market extent and shares, supply chain and sales, and measures taken by government bodies post-pandemic.

The market is segmented into agriculture, personal care, pharmaceutical, and animal feed, with the personal care segment expected to grow at a CAGR of 19.6% due to consumers' increased awareness of the adverse effects of chemical-based products.

Key findings from the report include the agriculture segment's dominance with a 67.9% revenue share in 2015, Asia-Pacific's continuous revenue lead, the rapid CAGR growth of the personal care segment, and the highly lucrative European market, expected to grow at a CAGR of 20.3% from 2016 to 2022.

Companies have expanded their product offerings to meet consumer demand for natural and eco-friendly products. For instance, AG Global partnered with EID Parry India Ltd. in 2014 to add neem products to its line, which enabled Parry to access AG Globals' distribution channels in North America.

The report profiles several key companies, including E.I.D Parry India Ltd., Neeming Australia Pvt. Ltd., Bros India Group, Agro Extracts Limited, Parker India Group, Fortune Biotech Ltd., The Indian Neem Tree Company, Ozone Biotech, PJ Margo Pvt. Ltd., and Gramin India Agri BusiNest.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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