Neem Extract Industry Size, Trends, Analysis and Forecasts
Global Neem Extract Industry – Overview
Global Neem Extract Industry has witnessed an impressive growth
over the last few years. Market Research Future, a firm which specializes in
market reports related to the Food, Beverages & Nutrition sector among
others, recently forecasted in its report on global Neem Extract Industry
Research Report- Forecast to 2023 that the market will demonstrate an
exceptional CAGR % while achieving million dollar growth readily in the
forecast period.
Increasing awareness among people towards the adverse effects of
chemical based personal care, the importance of neem based products have
augmented to a considerable extent. About two decades ago, the ayurvedic
medicines in India had been constantly losing its market to allopathic
medicines. However, campaigns and advertisements by the domestic ayurvedic
companies in the country, such as Patanjali, the ayurvedic medicines have
started to rejuvenate. The medicinal benefits of neem are well known in
Asia-Pacific and its awareness is percolating to other parts of the globe. With
the passage of time, the western countries are increasingly turning towards
herbal products for personal care. A large range of neem based cosmetic and
personal care products including bathing soap, face cream, face wash and
shampoos are now being used in the North American and European countries.
The bio-based animal farming has increased during the past few
years owing to increasing demand for meat obtained from biologically grown
animals. Neem leaves and neem seed cake are used as animal feed that contain
proteins, amino acids, carotene and minerals. Animals such as camel, goat,
sheep and crossbred lambs are fed with neem leaves during winters, a part of
their daily feed, as they increase productivity of these animals during the
season. Neem is also well known as an effective pest repellent for pet animals.
The increasing population of pet animals globally and people’s growing concern
for the safety of their pets has encouraged neem oil manufacturing.
Latest Industry Updates
Feb 2018 Oshea Herbals has launched
neempure cleansing bar which is made with neem leaf extracts
May 2017 VLCC has introduced neem face wash
owing to the high demand of herbal products
June 2017 Zillonlife Global Pvt. Ltd. has
launched four new products with natural extracts including neem
Global Neem Extract Industry - Competitive
Analysis
Global neem
extract industry is marked by high intensity of
rivalry. The market players in the Global neem extract industry indulge in fierce
rivalry where the market players are aggressively targeting its competitors in
terms of quality and price, thus making the industry more competitive and
reducing profit potential for the existing firms. Market players in global neem
extract have excess production capacity and focus on strategic investments and
R&D along with participating in the various exhibitions and trade shows in
order to enhance their customer base.
The key players profiled in neem extract are Neeming Australia Pty
Ltd. (Australia), E.I.D. Parry Limited (India), Agro Extracts Limited (India),
GreeNeem Agri Pvt Ltd (India), P.J. Margo Pvt. Ltd. (India), Bayer AG
(Germany), Certis USA LLC (U.S.), and many more.
Global Neem Extract Industry – Segments
Global Neem Extract Industry has been divided into type,
application, and Region
On the Basis of Type:
Leaf extract, seed extract and others
On the Basis of Application:
Pharmaceuticals, cosmetics & personal care products, animal feed, chemicals
& fertilizers, pet food and others
On the Basis of Region:
North America, Europe, Asia Pacific and Rest of the World
Global Neem Extract Industry - Regional
Analysis
Global Neem Extract Industry is segmented by region which
comprises of North America, Europe, Asia Pacific and Rest of the World. Among
all the regions, Asia Pacific is accounting for significant market share in
global Neem Extract Industry and it is expected to retain its dominance
throughout the forecast period of 2017-2023. The growth of the neem extract in
Asia Pacific region is anticipated to be driven by the various factors. The neen
extract market demand in Asia Pacific is mainly driven
by the rising production of medicinal extracts. Moreover, the demand of the
herbal medicine is increasing at a high pace which in turn escalates the growth
of the Neem Extract Industry in the Asia Pacific region. Many of the
Asia-Pacific countries such as China, India, and Philippines use large amounts
of bio-based fertilizers made from crop and animal waste which can be one of
the significant factors for the rising growth of neem extract in the Asia
Pacific region. Among the Asia Pacific countries, China & India are
collectively holding major market share in the Asia Pacific region.
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