Global Neem Extract Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Neem extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global Neem extract market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global neem extract market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2028, exhibiting a growth rate (CAGR) of 10.33% during 2023-2028.
Neem extract is sourced from the neem tree, scientifically known as Azadirachta indica, and is a natural substance. It is rich in a diverse range of bioactive compounds, including limonoids, azadirachtin, and triterpenoids. Neem extract possesses a spectrum of beneficial properties, including antiviral, antibacterial, antifungal, anti-inflammatory, and insecticidal effects. It plays a role in enhancing the immune system and fortifying the body’s natural defenses, ultimately promoting overall well-being. Additionally, it aids in combatting bacteria responsible for plaque and gum diseases, contributing to oral hygiene. Consequently, neem extract finds widespread application in the pharmaceutical, agricultural, and cosmetics sectors across the globe.
Global Neem Extract Market Trends and Drivers:
Currently, the market is experiencing significant growth, largely driven by the increasing incorporation of neem extract into toothpaste and mouthwash formulations, aimed at reducing the risk of oral issues. Additionally, there is a growing demand for natural remedies that promote scalp and hair health, which is positively influencing the market’s trajectory. Furthermore, the market is benefiting from the rising consumer preference for eco-friendly and non-toxic alternatives. Moreover, the increasing awareness regarding natural products that are gentle on the skin presents a lucrative growth opportunity for industry investors. Lastly, the expanding use of neem extracts as a natural mosquito repellent is further bolstering market growth.
Global Neem Extract Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Agro Extracts Limited, Bros India Group, E.I.D. – Parry (India) Limited, Fortune Biotech Ltd., Gramin India Agri BusiNest, GreeNeem Agri Pvt Ltd., Neem India Products Pvt Ltd., Neeming Australia Pty Ltd, Ozone Biotech, PJ Margo Pvt. Ltd., TechnoServe Inc. and Trifolio-M GmbH
The report segmented the market on the basis of region, type and application.
Breakup by Type:
- Seed Extract
- Leaf Extract
- Bark Extract
Breakup by Application:
- Personal Care Products
- Animal Feed
Breakup by Region:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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