26 February 2021
Visiongain has published a new report on Neem Extracts Market Report to 2031: By Type (Leaf Extract, Fruit and Seed Extract, Bark Extract, Other Type) By Application (Pharmaceuticals and Nutraceuticals, Personal Care, Agriculture and Farming, Food & Beverages, Others Application) By Form (Granular, Liquid, Powdered) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Neem Extracts would be around $x million in 2020 and is projected to grow at a CAGR of x% during the forecast period 2021-2031. Neem extracts originate from neem seed, leaves and bark and are used across agriculture, cosmetics and pharmaceutical industries in a wider range of products. Neem is an ideal ingredient in many organic products because it has a number of medicinal properties. The most important active compound known from Neem is azadirachtin, a complex tetranortriterpenoid. Others known from the seed embryo include salanin, salanol, salanol acetate, nimbiren and deacetyl nimbiren. In insects, these have been shown to act as oviposition deterrents, repellents. Today the Neem tree is widely distributed in the arid tropical and sub-tropical zones of Africa, Asia, Australia and the Americas. Immigrants from the Indian subcontinent introduced the tree to East Africa, later to be spread by officials of the colonial administration. the neem extract has great bactericidal activities at lower concentrations 10 and 50% than at concentrations above 75 to 100%. Diluted neem extract showed bactericidal activities against Gram negative bacteria but did not against Gram positive bacteria.
Which Consumer Sector is driving the global neem extract market?
Neem extracts market is driven by the increasing demand for herbal personal care products. People have become more aware of the harmful effects on the skin, hair and other body sections of chemical cosmetics as well as of the importance of neem-based products in health and personal care. Around three decades ago, the availability of allopathic medicines in India caused Ayurvedic medicines to lose their market constantly. Indian Ayurvedic firms like the Patanjali Ayurved Limited, Sandu Pharmaceuticals Ltd and Sri Sri Tattva have however been advertising and campaigning for their growing popularity. The medicinal benefits of neem in the APAC region are far greater known, however over time the use of herbal medicines for personal care has also begun in western countries as Brazil, France and the United States.
Which factors are hampering the growth of neem extract in the global market?
The growing concern about neem products' side effects is hampering worldwide market growth. Neem bark or neem leaf medicines have been reported to be harmful during pregnancy. Infants with neem leaf oils may develop Reye 's syndrome, according to PeaceHealth.org. After oral consumption of neem supplements, few cases of infant death have been reported. Neem extract based products can be toxic in the same organisation for patients with a history of liver and kidney disease. Neem is however recognised as generally recognised as safe for food products by the Environmental Protection Agency ( EPA). Furthermore, the effect of this restriction is very low because of the absence of any regulation on neem extract or neem-based products.
How companies in neem extract market can stay ahead of their competitors?
The growing demand for neem products throughout APAC offers market players ample opportunities. A large amount of bio-based fertiliser made from crop and animal waste is used in APAC by India , China and Philippines. A small portion of the total agro supplements used in these countries are, however, neem based pesticides and fertilisers. In conjunction with neem-planting, a growing awareness of the benefits of neem in livestock feed and agriculture in these countries is projected to provide ample opportunities for the future growth of the neem extract sector.
GreeNeem Agri Private Limited
E.I.D. Parry (India) Limited
Neeming Australia Pty Ltd.
P.J. Margo Pvt. Ltd.
Agro Extracts Limited
Ozone Biotech Pvt. Ltd.
Fortune Biotech Ltd.
The Indian Neem Tree Company
Bros India Group
Certis USA LLC
Key Questions Answered by the Analyst
• What are the best investment options for venturing into new product and service lines?
• What value proposals should businesses aim at while providing new funding for research and development?
• Which regulations will be most useful for stakeholders to enhance their supply chain network?
• Which regions could see demand ripening in certain segments in the near future?
• What are some of the best cost optimization strategies with vendors that some well-trained players have been successful with?
• What are the key perspectives that C-suite is leveraging to move businesses to a new growth trajectory?
• Which government regulations could call into question the status of key regional markets?
• How will the emerging political and economic scenario affect opportunities in key areas of growth?
• What are some of the value-added opportunities in different segments?
• What will be the barriers to entry for new players on the market?
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Neem Extracts.
The Neem Extracts Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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