Neem extracts are basically obtained from neem seed, neem leaves, and bark. Neem extracts are utilized in several products across the agriculture, cosmetics, and pharmaceutical sectors. Neem is also known to be the most effective pest repellent for pet animals which encourages to produce neem oil and eventually increases the market demand for neem extract market. Neem fertilizer can be identified as one of the key growth driver for neem extract market as they are extensively used as protection against soil pest and diseases.
Globally, development of efficient and advance technology, growing demand for personal care products are the prime growth drivers of global Neem Extract market. The increase in demand for neem product is led by the upsurging demand for bio pestcides and fetilizers and also increasing demand for herbal personal care products. In addition emerging economies such as China, India and others, will create new opportunities for global Neem Extract market during the forecast period. However, higher cost of the research and development, and lack of active neem extract companies are the key restraints for global Neem Extract market.
Geographically Asia Pacific dominated global Neem Extract market, revenue comes from the chemicals and fertilizers segment in Asia Pacific as it is primarily used as a bio-pesticide and bio-fertilizer. At present, India is the largest producer of the neem extracts and over the next six years rapid growth in China would challenge the exports of neem extracts from India to Europe and North America. Increase in neem plantation in countries like China and Brazil have created numerous growth opportunities for Neem extract industry. Among all the procedures, personal care products has the highest market share in global Neem Extract market due to higher prevalence of animal feed.
This report imparts a depth analysis on the global Neem Extract market size for the year 2014-2016, and forecast of the same for year 2021. This report also provides a precise outlook on the market drivers, market trends, restraints, market worth, market value, growth indicators, challenges, prices and other key aspects with respect to global Neem Extract market.
This report segments global Neem Extract market on the basis of type, procedures, and regional market as follows:
- Neem Extract Market, by Application (Agriculture, Personal Care Products, Pharmaceutical, Animal Feed
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
This report identifies all the major companies operating in the Neem Extract market. Some of the major companies’ profiles in detail are as follows:
- E.I.D Parry India Ltd
- Neeming Australia Pvt. Ltd
- Bros India Group
- Agro Extracts Limited
- Parker India Group.