The global Neem Extracts Market size is expected to reach USD 3.96 billion by 2030, registering a CAGR of 11.3% during the forecast period, according to a new report by Grand View Research, Inc. The rising importance of biofertilizers in developed regions including North America and Europe owing to stringent government regulations on the use of chemical fertilizers is likely to boost neem extracts market over the forecast period. Moreover, neem extracts are extensively used in the manufacture of high-quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand.
Growing demand for biopesticides and bioinsecticides
is likely to drive the neem extracts market over the next six years. Hostile
responses received from consumers on the use of chemical fertilizers owing to
environmental and health concerns are expected to drive the neem extracts
market, especially in Europe and North America. In addition, biofertilizer
growth in emerging economies including India, China, and Brazil is expected to
augment neem extracts market over the forecast period. However, lack of
availability of raw materials in developed regions owing to unfavorable
climatic conditions and high prices are anticipated to restrain neem extract
market growth.
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List of Key Players in the Neem Extracts Market
- Parker Biotech Private Limited
- Agro Extracts Limited
- Fortune Biotech
- Ozone Biotech
- PJ Margo
- GreeNeem
- Trifolio-M
- EID Parry
- Herbal Creation
- Phyto Life Sciences P. Ltd.
Neem Extracts Market Report Highlights
- Neem extract market demand in personal care products segment is
expected to grow substantially. However, the segment is expected to
witness the fastest growth on account of gaining the importance of herbal
cosmetics and beauty products especially in Asia Pacific and Europe.
- Growing demand for bio-based fertilizers in emerging markets of
India and China due to rising health awareness coupled with environmental
concerns is expected to have a positive impact on the neem extract market
in the near future.
- Asia Pacific was the largest neem extract market, accounting for
more than 46.3% of global revenue in 2023. Increased R&D expenditure
by health care companies towards new technology development coupled with
increasing use of neem-based products in North America and Europe is
expected to augment market demand.
- Europe is expected to witness growth on account of increasing
adoption of neem-based fertilizers and herbal beauty products in the
personal care segment.
- Key market participants include E.I.D Parry India Ltd., Agro
Extracts Ltd, Ajay Bio-Tech Ltd, Kancor Flavors and Extracts Ltd., and
Neeming Australia Pvt. Ltd. The global market for neem extracts was highly
fragmented due to the presence of numerous companies, especially in the
Asia Pacific. Product innovation and strategic alliances with application
users are expected to be critical success factors for market participants.
Raw material availability in China and Brazil is expected to open new
market avenues over the next six years.
Neem Extracts Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 2.09 billion |
|
Revenue forecast in 2030 |
USD 3.96 billion |
|
Growth rate |
CAGR of 11.3% from 2024 to 2030 |
|
Base year for estimation |
2023 |
|
Historical data |
2018 - 2022 |
|
Forecast period |
2024 - 2030 |
Neem Extracts Market Segmentation
Grand View Research has segmented the global neem
extracts market based on application, and region:
Neem Extract Application
Outlook (Volume in Kilotons; Revenue, USD Million, 2018 - 2030)
- Personal Care
- Pharmaceutical
- Fertilizers
- Animal Feed
- Others
Neem Extract Regional
Outlook (Volume in Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Europe
- Germany
- UK
- Italy
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Middle East and Africa (MEA)
- Saudi Arabia
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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