Neem Extract Market Anticipating the Epic Growth of Market Size in the Years Ahead

The global neem extract market is poised for substantial growth, projected to reach $2.04 billion by 2022, with a robust compound annual growth rate (CAGR) of 17.4% from 2016 to 2022. In 2015, the Asia-Pacific region emerged as the highest revenue-generating market, capturing 51.8% of the total market share. The agriculture segment maintained dominance among various applications.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: 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

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞: https://www.alliedmarketresearch.com/neem-extract-market/purchase-options

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