Neem Extracts Market to Grow with a CAGR of 13.84% Globally through to 2028

Increasing demand for neem extracts from various end-use industries, including agriculture, personal care, animal feed, and pharmaceuticals are factors driving the Global Neem Extracts market in the forecast period 2024-2028.

According to TechSci Research report, “Global Neem Extracts Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Neem Extracts Market stood at USD 2.38 billion in 2022 and is anticipated to grow with a CAGR of 13.84% in the forecast period, 2024-2028. The increasing demand for neem extracts from various end-use industries, including agriculture, personal care, animal feed, and pharmaceuticals, is the primary factor driving the market growth. The global neem extracts market has witnessed significant growth in recent years, driven by various factors that contribute to the increasing demand for neem-based products. Neem, scientifically known as Azadirachta indica, is a versatile tree native to the Indian subcontinent and has been used for centuries for its numerous medicinal, agricultural, and industrial properties. Neem extracts, derived from various parts of the neem tree, including its leaves, seeds, and oil, have found widespread applications in agriculture, healthcare, cosmetics, and more.

Browse over 26 market data Figures spread through 187 Pages and an in-depth TOC on "Global Neem Extracts Market”

Organic farming is one of the fastest-growing agricultural methods worldwide. The increasing emphasis on organic farming triggers the demand for bio-fertilizers and bio-pesticides. Neem extracts are widely used as bio-pesticides in organic farming due to their insecticidal, therapeutic, and soil conditioning properties. Neem extracts have a wide range of medicinal properties, including anti-inflammatory, antimicrobial, antioxidant, antidiabetic, and antiparasitic properties. This is leading to increasing demand for neem extract-based products in the personal care and pharmaceutical industries. Governments of various countries are promoting the use of neem extracts in agriculture and other industries to reduce the use of chemical pesticides and fertilizers. This is further boosting the growth of the neem extracts market.

Neem extracts are widely used in agriculture as bio-pesticides and bio-fertilizers. Neem-based pesticides are effective against a wide range of pests and diseases, including insects, mites, nematodes, and fungi. Neem-based fertilizers improve soil fertility and increase crop yields. Neem extracts are used in a wide range of personal care products, including shampoos, conditioners, soaps, face washes, and creams. Neem extracts have anti-inflammatory, antimicrobial, and antifungal properties, which make them effective in treating skin conditions such as acne, eczema, and psoriasis. Neem extracts are used in a variety of pharmaceutical products, including anti-inflammatory drugs, anti-diabetic drugs, and anti-cancer drugs. Neem extracts have also shown promise in treating HIV/AIDS and malaria.

The neem extracts market is expected to witness significant growth in the coming years, driven by the increasing demand from various end-use industries. The growing awareness about the health benefits of neem and the government initiatives to promote the use of neem are also contributing to the market growth.

The Global Neem Extracts Market is segmented into type, application, regional distribution, and company. Based on application, Bio-fertilizers were one of the largest application segment and the trend is expected to continue on account of supporting government regulations. These regulations restrict the use of chemical-based fertilizers and pesticides owing to health hazards. This has resulted in forcing manufacturers to shift towards manufacturing bio-based products. Personal care is likely to be one of the fastest-growing application segments over the forecast period owing to increasing consumer demand for products derived from natural sources.

Based on region, Asia Pacific was one of the largest regional markets owing to favorable climatic conditions, availability of raw material, and dominant agriculture activities in the region. Lack of availability of raw materials in developed regions such as North America and Europe is likely to be a major restraint for the market. In addition, the market in developed countries is highly challenged due to a lack of quality raw material in demanded quantities. Owing to the high supply-demand gap, prices of neem extracts are highly volatile thereby affecting the market growth.

Major companies operating in Global Neem Extracts Market are:

• Fortune Biotech
• E.I.D. Parry
• Agro Extracts Limited
• PJ Margo
• Ozone Biotech
• Nikita Agro Industries
• Parker Biotech
• Trifolio-M GmbH
• Isha Agrochemicals
• Arya Extracts

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“The neem extract market has experienced robust growth in recent years. This growth can be attributed to increasing consumer awareness of neem's natural and sustainable properties. Neem extracts, derived from the Azadirachta indica tree, are finding applications in agriculture, pharmaceuticals, cosmetics, and more. Their eco-friendly and organic nature has made them popular choices in organic farming, skincare, and healthcare sectors. Additionally, ongoing research and development efforts are expanding the range of neem-based products and driving further market expansion. As the world increasingly values environmentally conscious and health-oriented solutions, the neem extract market is expected to continue its upward trajectory.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Neem Extracts Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Leaf Extract, Fruit and Seed Extract, Bark Extract), By Application (Pharmaceuticals, Personal Care, Biofertilizers, Food and Beverages, Others), By Region, By Competition, 2018-2028”, has evaluated the future growth potential of global neem extracts market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global neem extracts market.

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