Neem Extract Market Size Report, 2022-2027: Growth, Top Companies Share, Research And Forecast

According to the latest report by IMARC Group, title "Neem Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global neem extract market reached a value of US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.33% during 2023-2028.

Neem extract refers to a yellow-brown colored plant oil derived from the flowers, fruits, bark, leaves, roots, and seeds of the tree. It is a strong anti-inflammatory and antibacterial agent that helps combat free radicals and kill bacteria, viruses, and fungi. It also helps reduce blood sugar levels, lowers the risk of diabetes, diabetes-related eye problems, and skin and digestive tract ulcers, and prevents plaque buildup in the mouth. As a result, neem extract finds extensive applications in numerous dental care products, cosmetics, and hair care products across the globe.

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Neem Extract Market Trends:

The global neem extract market is primarily driven by rapid growth in the pharmaceutical industry. Moreover, the surging adoption of essential oils and extracts made from plants due to rising consumer awareness regarding the side effects of chemical-based products is positively influencing the market growth. Additionally, the increasing use of neem leaf, bark, fruit, and seed extracts in the manufacturing of premium-quality personal care products, such as fairness creams, body lotions, shampoos, styling gels, and hand creams, to reduce frizz, blemishes, acne, and redness on the skin has catalyzed the market growth.

Furthermore, the introduction of innovative neem-based pesticides and fertilizers for organically producing fruits and vegetables is contributing to market growth. Other factors, including improvements in extraction technologies, increasing demand for organic pesticides, and inflating consumer disposable incomes, are also anticipated to propel the market growth.

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Key Market Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:
• Seed Extract
• Leaf Extract
• Bark Extract

Breakup by Application:
• Agriculture
• Personal Care Products
• Pharmaceutical
• Animal Feed
• Others

Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Key Companies Covered in this Market Report:

• Agro Extracts Limited
• Bros India Group
• E.I.D. - Parry (India) Limited
• Fortune Biotech Ltd.
• Gramin India Agri BusiNest
• GreeNeem Agri Pvt Ltd.
• Neem India Products Pvt Ltd.
• Neeming Australia Pty Ltd
• Ozone Biotech
• PJ Margo Pvt. Ltd.
• TechnoServe Inc.
• Trifolio-M GmbH.

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Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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