Global Neem Extracts Market was valued at US$ 882.1 Mn in 2020 and is expected to reach US$ 2928.1 Mn by 2026, at a CAGR of 16.18% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Neem Extracts Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the Neem Extracts Market.
Global Neem Extracts Market Segment analysis:
Based on application, the agriculture segment is expected to hold the largest share in the market during the forecast period due to increasing concerns regarding environmental degradation, which has raised the demand for organic pesticides and Agriculture. In addition, the rising usage of neem-based agriculture products to maintain the quality of soil and prevent the harmful effects of synthetic pesticides is also driving the global neem extracts market during the forecast period.
However, the cosmetics & personal care segments are estimated to generate the highest CAGR in the global neem extracts market during the forecast period fastest due to the rising demand for organic cosmetics &personal care products across the globe. In addition to growing living standards of consumers coupled with increasing disposable income of consumers. On the basis of type, Seed extract is expected to hold the largest share in the global neem extracts market during the forecast period owing to the rising usage of bio-based agro-products across the globe. Moreover, the key application areas of a neem extract include agriculture, personal care, and the healthcare sector.
Growing awareness about the benefits of the neem among consumers across the globe, which is driving the global neem extracts market growth in a positive way. Increasing consciousness regarding the extensive use of chemical-based personal care products such as soaps, shampoos, and cosmetics, which include artificial components, and adoption of bio Agriculture is expected to boost the global neem extract market growth during the forecast period.
The rising awareness regarding the benefits of neems among consumers such as many diseases that can be cured by neem extracts such as oral problems, skin problems, indigestion, and eye problems, is anticipated to surge the demand for neem extracts. In addition, the growing usage of neem extracts for personal care products is also likely to surge the neem extracts market growth in a positive way. However, the lack of neem plantation across the globe excluding the Asia Pacific is expected to hamper the global neem extracts market growth during the forecast period.
Global Neem Extracts Market Regional Analysis:
In terms of region, the Asia Pacific is expected to hold the largest share in the market during the forecast period owing to the huge production of neem coupled and traditional usage of neem extracts surge the demand for neem extracts in this region. North America is estimated to generate the highest CAGR in the global neem extracts market during the forecast period due to strict government regulations and policies regarding the usage of the chemical.
Increasing investment in R&D is expected to drive the global neem extracts market during the forecast period. Growing demand for bio-based and eco-friendly products is propelling the global neem extracts market growth in a positive way. In addition, increasing disposable income coupled with the increasing concerns regarding hygiene and personal grooming, which is expected to surge the market growth during the forecast period.
Global Neem Extracts Market, Key Highlights:
• Global Neem Extracts Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Neem Extracts Market
• Global Neem Extracts Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Neem Extracts Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Neem Extracts Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Neem Extracts Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Neem Extracts Market Key Player
• Agro Extracts Limited
• Parker India Group
• PJ Margo Pvt. Ltd.
• Gramin India Agri BusiNest.
• American Vanguard Corporation
• Groupo Ultraquimia
• Boss India Group
• Terramera Inc.
• Ozone Biotech Pvt. Ltd.
• GreeNeem Agri Pvt. Ltd.
• Fortune Biotech Ltd
• Trifolio-M GmbH
• The Indian Neem Tree Company
• Bayer AG
• E.I.D Parry India Ltd.
• Neeming Australia Pvt. Ltd.
• Bros India Group
• NEEM EXTRACT MARKET
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