The neem extract industry is a sector of the global economy that focuses on the production and commercialization of extracts derived from the neem tree (Azadirachta indica). Neem is a versatile tree native to the Indian subcontinent and is known for its various medicinal, agricultural, and industrial applications.
Increased R&D and study in the field of neem has resulted in growing awareness. About the efficacy of different parts of a neem tree, thus making it an important ingredient in several organic food and cosmetics products. Based on the application, the global neem extract market is categorized into agriculture, personal care, pharmaceutical, and animal feed. In 2015, the personal care segment contributed approximately 1/7th of the overall neem extract market revenue and is estimated to grow at a CAGR of 19.6% during the forecast period.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/neem-extract-market/purchase-options
Here are some key aspects of the neem extract industry:
- Neem Tree Overview: Neem is often referred to as the “wonder tree” due to its numerous uses. Its leaves, seeds, and oil are rich in bioactive compounds with various beneficial properties.
- Medicinal Products: Neem extracts are used in traditional medicine and Ayurveda for their antibacterial, antifungal, antiviral, and anti-inflammatory properties. They are incorporated into a wide range of healthcare and personal care products, including soaps, shampoos, creams, and herbal supplements.
- Agricultural Applications: Neem extracts are widely used in agriculture as natural pesticides and insect repellents. Neem oil, in particular, is used to control pests like aphids, mealybugs, and caterpillars while being less harmful to beneficial insects.
The growth is primarily attributed to increased awareness among consumers about the adverse effects of chemical-based personal care products, leading them to shift towards organic products. Pharmaceutical segment, which accounted for around 8.9% market share in 2015, is expected to witness a double-digit growth over the analysis period, owing to growing inclination of consumers toward Ayurveda and natural treatment of diseases without any side effects.
- Pharmaceuticals: Neem-based compounds have been studied for their potential in treating various diseases, including cancer and diabetes. Research in this area continues, and neem extracts may find applications in pharmaceuticals in the future.
- Cosmetics and Skincare: Due to its antibacterial and anti-inflammatory properties, neem is a common ingredient in cosmetics and skincare products, especially those designed for acne-prone or sensitive skin.
- Organic and Natural Products: The growing demand for organic and natural products has boosted the neem extract industry. Neem is often used as an active ingredient in organic and eco-friendly products.
The regions are further bifurcated into major countries, such as the U.S., Canada, and Mexico in North America; U.K., Germany, France and Rest of Europe in Europe; India, China, Japan and Rest of Asia-Pacific in APAC; and the Middle East, Africa, and Latin America in LAMEA. The demand for organic food, personal care products and growing concerns about environmental-friendly agriculture products are expected to foster the growth of neem-based products, globally.
- Biodiesel Production: Neem oil can be processed into biodiesel, making it a potential feedstock for renewable energy production.
- Research and Development: Ongoing research and development in the neem extract industry aim to discover new applications and optimize extraction techniques to maximize the yield of beneficial compounds.
- Regulatory Considerations: The production and sale of neem extracts are subject to regulations in different countries. Manufacturers must comply with safety and quality standards, especially for products intended for human use.
- Sustainability: Sustainable harvesting and cultivation practices are essential to ensure the long-term viability of the neem extract industry. Overharvesting or improper cultivation can harm neem tree populations.
The neem extract market is expected to exhibit significant growth during the forecast period owing to the growing awareness about the side effects of chemical-based personal care products, concerns regarding environmental degradation, and adoption of natural and herbal products to cure health diseases.
- Global Market: The neem extract industry has a global market presence, with India being a significant producer and exporter of neem products. However, the demand for neem extracts is not limited to India, as neem-based products have gained popularity worldwide.
- Challenges: Challenges in the industry include fluctuating raw material prices, competition from synthetic alternatives, and the need for standardized extraction and processing methods.
In summary, the neem extract industry encompasses a wide range of products and applications, from traditional medicine and agriculture to cosmetics and renewable energy. Its growth is driven by increasing interest in natural and eco-friendly solutions across various sectors.
Market players have increased their product offerings to cater to the need of consumers. Neem extracts are exported to different regions as the demand for natural and environmental-friendly products is rising. In 2014, AG Global, a U.S.-based organic fertilizer manufacturing company, signed an agreement with EID Parry India Ltd. to add neem products to its product line. This partnership enabled Parry to access AG Globals distribution channels across North America.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/857
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com