Press release
Neem Extract Market Anticipating the Epic Growth of Market Size in the Years Ahead
Neem Extract Market
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: https://www.alliedmarketresearch.com/request-sample/857
Market Growth Drivers:
- The surge in research and development activities in neem-based products has significantly increased awareness about its benefits. The widespread use of different parts of the neem tree has propelled its demand across multiple industries, including organic food and cosmetics. The shift towards natural and herbal products is a key factor driving market expansion.
Segmentation by Application:
The neem extract market is segmented into agriculture, personal care, pharmaceuticals, and animal feed.
- Agriculture: Held the largest share of 67.9% in 2015, driven by rising concerns over chemical-based pesticides and fertilizers.
- Personal Care: Contributed approximately one-seventh of the total market revenue in 2015 and is expected to grow at a remarkable CAGR of 19.6%. The increasing consumer preference for organic personal care products is a major growth catalyst.
- Pharmaceuticals: Accounted for 8.9% of the market share in 2015 and is set to experience significant growth due to the rising adoption of Ayurvedic and natural treatment solutions.
Regional Market Insights:
The neem extract market is geographically segmented into:
- North America: Includes the U.S., Canada, and Mexico.
- Europe: Comprises the U.K., Germany, France, and the Rest of Europe.
- Asia-Pacific (APAC): Covers India, China, Japan, and the Rest of APAC, remaining the dominant revenue-generating region.
- LAMEA: Encompasses the Middle East, Africa, and Latin America.
The growing demand for organic food, eco-friendly agricultural products, and chemical-free personal care items is expected to boost the neem extract market globally. Europe, in particular, is anticipated to be one of the most lucrative markets, registering a CAGR of 20.3% during the forecast period.
Key Market Trends:
- Increasing awareness of the harmful effects of chemical-based products.
- Rising environmental concerns prompting a shift towards sustainable and herbal solutions.
- Expanding applications of neem extract in diverse industries.
- Strengthening partnerships and collaborations among key market players to expand distribution networks.
Competitive Landscape:
Market players are continuously expanding their product portfolios to meet growing consumer demands. The increasing export of neem-based products is further driving market penetration. A notable industry development includes the 2014 agreement between U.S.-based AG Global and EID Parry India Ltd., allowing AG Global to incorporate neem products into its portfolio and leverage Parry's distribution channels across North America.
Key Market Players:
- 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.
- Gramin India Agri BusiNest
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/neem-extract-market/purchase-options
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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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