0

Neem Extract Market is Estimated to Garner $2.04 Billion, Globally, by 2022

 
2022
Neem Extract Market

Report Code : A00714

quote By geography, APAC is the major contributor in the neem extract market. It is expected to be the highest revenue-generating region during the forecast period. Widespread awareness about the benefits of neem have resulted in huge demand of neem in the European and North American markets. North America is one of the largest importers of neem extract. However, Europe is likely to grow at a rapid rate with a CAGR of 20.3%. quote

Priyanka Bisht

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

Neem Extract Market report, published by Allied Market Research, forecasts that the global market is expected to garner $2.04 billion by 2022, registering a CAGR of 17.4% during the forecast period 2016 to 2022. In 2015, Asia-Pacific was the highest revenue-generating region, accounting for 51.8% share of the overall neem extract market revenue. In the same year, the agriculture segment occupied a prominent share among the different application segments.

Increased R&D and study in the field of neem has resulted in growing awareness. About the efficacy of different parts of a neem tree, thus making it an important ingredient in several organic food and cosmetics products. Based on the application, the global neem extract market is categorized into agriculture, personal care, pharmaceutical, and animal feed. In 2015, the personal care segment contributed approximately 1/7th of the overall neem extract market revenue and is estimated to grow at a CAGR of 19.6% during the forecast period. The growth is primarily attributed to increased awareness among consumers about the adverse effects of chemical-based personal care products, leading them to shift towards organic products. Pharmaceutical segment, which accounted for around 8.9% market share in 2015, is expected to witness a double-digit growth over the analysis period, owing to growing inclination of consumers toward Ayurveda and natural treatment of diseases without any side effects.

The regions are further bifurcated into major countries, such as the U.S., Canada, and Mexico in North America; U.K., Germany, France and Rest of Europe in Europe; India, China, Japan and Rest of Asia-Pacific in APAC; and the Middle East, Africa, and Latin America in LAMEA. The demand for organic food, personal care products and growing concerns about environmental-friendly agriculture products are expected to foster the growth of neem-based products, globally.

Key findings of Neem Extract Market:

  • The neem extract market is expected to exhibit significant growth during the forecast period owing to the growing awareness about the side effects of chemical-based personal care products, concerns regarding environmental degradation, and adoption of natural and herbal products to cure health diseases.
  • In 2015, the agriculture segment accounted for 67.9% share of the overall neem extract market revenue.
  • APAC is the highest revenue-generating segment and is likely to continue this trend throughout the forecast period.
  • The personal care segment is expected to grow with a rapid CAGR of 19.6%
  • Europe would be one of the most lucrative markets in terms of growth, registering a CAGR of 20.3% during 2016 - 2022.

Market players have increased their product offerings to cater to the need of consumers. Neem extracts are exported to different regions as the demand for natural and environmental-friendly products is rising. In 2014, AG Global, a U.S.-based organic fertilizer manufacturing company, signed an agreement with EID Parry India Ltd. to add neem products to its product line. This partnership enabled Parry to access AG Globals distribution channels across North America. The key companies profiled include 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.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Neem Extract Market by Application (Agriculture, Personal Care Products, Pharmaceutical, Animal Feed) - Global Opportunity Analysis and Industry Forecast, 2015 - 2022 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample
rep-img

Published Date Oct 2024

Argan Oil Market

Download Sample
rep-img

Published Date Oct 2024

Cold Plasma Market

Download Sample

Buy Full Version
"Neem Extract Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers