Global Neem Extract Market Thriving with Explosive 12.8% CAGR – Expected to Reach $2.66 Billion in 2023

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The “Neem Extract Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.

DUBLIN, Sept. 18, 2023 /PRNewswire/ — The global neem extracts market is on a trajectory of substantial expansion, with a projected increase from $2.36 billion in 2022 to $2.66 billion in 2023, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 12.8%. This growth is expected to continue, reaching $4.29 billion by 2027 at a CAGR of 12.7%.

Key Players:

Major players contributing to this growth include East India Distilleries Parry Limited, Neeming Australia Pty Ltd., Parker Hannifin India Private Limited, Bros India Group, Gramin India Agri BusiNest, Agro Extracts Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Ozone Biotech, PJ Margo Pvt. Ltd., Trifolio-M-Gmbh, GreeNeem Agri Pvt. Ltd., Neem India Products Pvt. Ltd., Phyto Life sciences Pvt. Ltd., Green Earth Products Pvt. Ltd., and Ichimaru Pharcos Co. Ltd.

Reasons to Invest:

  1. Global Reach: Gain a comprehensive understanding of the market across 50+ geographies.
  2. Post-Pandemic Landscape: Assess the impact of COVID-19 on the market and its recovery.
  3. Geo-Political Considerations: Analyze the repercussions of the RussiaUkraine war on agriculture, energy, mineral commodity supply, and the market’s indirect effects.
  4. Inflation Impact: Measure the influence of global inflation on market growth.
  5. Tailored Strategies: Develop regional and country-specific strategies based on local data and analysis.
  6. Strategic Investments: Identify high-growth segments for potential investments.
  7. Competitive Advantage: Outperform competitors with forecast data and market trends.
  8. Consumer Insights: Understand customer preferences through the latest market shares.
  9. Performance Benchmarking: Compare your performance against key competitors.
  10. Enhanced Presentations: Leverage reliable, high-quality data and analysis to support internal and external presentations.

About Neem Extracts:

Neem extract is derived from the neem tree, a medicinal plant known for its versatile uses in treating various ailments. It encompasses leaves, blossoms, seeds, fruit, roots, and bark, offering remedies for skin issues, digestive ailments, liver problems, infections, and more.

Market Insights:

Key neem extract types include leaf extract, fruit and seed extract, and bark extract. Neem leaf extract, prevalent in tropical climates, is available in dry and liquid formulations. It finds applications in food and beverages, pharmaceuticals, nutraceuticals, personal care, cosmetics, agriculture, and more.

Trends in Product Innovation:

Product innovation is gaining momentum in the neem extract market, with companies unveiling new offerings to maintain their market positions. For instance, Nisarga Biotech Pvt. Ltd. launched Nisarga Neem Capsules in May 2021, a clinically validated preventative treatment for COVID-19. These capsules harness neem’s anti-inflammatory properties to enhance immunity and overall health.

Recent Acquisition:

In January 2022, Indorama India Private Ltd. acquired Indo Gulf Fertilizers from Grasim Industries Limited. This strategic move enhances both companies’ ability to provide a comprehensive range of products to farmers, including neem extracts derived from the Azadirachta Indica tree.

Regional Insights:

In 2022, Asia-Pacific led the neem extract market, with Western Europe poised for the fastest growth in the forecast period. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.

Country-Specific Data:

The report delves into specific countries, including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Growing Demand for Organic Products:

The neem extract market is expected to benefit from the increasing demand for organic products. Neem extract, with its antibacterial and antifungal properties, is utilized in various sectors, including agriculture, personal care, medicines, and animal feed. For instance, organic product sales in the United States reached $11.2 billion in 2021, showcasing a 13% increase from 2019, driven by consumer preference for natural and organic products.

Market Definition:

The neem extract market encompasses sales of nanoparticle, azadirachta indica, azadirachtin, achene, neem oil, and nematode. Values in this market represent goods’ factory gate values and related services, excluding resales along the supply chain.

Key Attributes:

Report Attribute

Details

No. of Pages

175

Forecast Period

2023 – 2027

Estimated Market Value (USD) in 2023

$2.66 billion

Forecasted Market Value (USD) by 2027

$4.29 billion

Compound Annual Growth Rate

12.7 %

Regions Covered

Global

Key Topics Covered:

1. Executive Summary

2. Neem Extract Market Characteristics

3. Neem Extract Market Trends And Strategies

4. Neem Extract Market – Macro Economic Scenario

4.1. COVID-19 Impact On Neem Extract Market

4.2. Ukraine-Russia War Impact On Neem Extract Market

4.3. Impact Of High Inflation On Neem Extract Market

5. Neem Extract Market Size And Growth

5.1. Global Neem Extract Historic Market, 2017-2022, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Neem Extract Forecast Market, 2022-2027F, 2032F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Neem Extract Market Segmentation

6.1. Global Neem Extract Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Leaf Extract
  • Fruit And Seed Extract
  • Bark Extract

6.2. Global Neem Extract Market, Segmentation By Formulation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Dry
  • Liquid

6.3. Global Neem Extract Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

  • Food And Beverages
  • Pharmaceutical
  • Nutraceutical
  • Personal Care And Cosmetics
  • Agriculture And Farming
  • Other Applications

7. Neem Extract Market Regional And Country Analysis

7.1. Global Neem Extract Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

7.2. Global Neem Extract Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/tv25d2

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