Global Neem Extract Market

Neem Extract Market Size, Share, Growth Analysis, By Application(Pharmaceuticals & nutraceuticals, Personal care, agriculture & farming, Food & beverages), By Type(Leaf extracts, Fruit & seed extracts, and Bark extracts), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30B2038 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 66

Neem Extract Market Regional Insights

North America is expected to grow at a CAGR of 14.43% till 2032, owing to increasing awareness in the use of neem extract attracting consumers for its health-beneficial properties in their daily lives.

Asia-Pacific attained a share of 39.4% by 2022 and is likely to grow at a CAGR of 16.25% during the forecast period. The growing demand for neem in the Asia-Pacific region is creating huge growth opportunities for the neem extract market. Many Asia-Pacific countries such as India, China and the Philippines use bio-based fertilizers produced from crop and animal manure Also, the medicinal value of neem is well known in Asia-Pacific and its awareness has spread across the globe .

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Global Neem Extract Market size was valued at USD 2.31 billion in 2022 and is poised to grow from USD 2.66 billion in 2023 to USD 8.18 billion by 2031, growing at a CAGR of 15.09% in the forecast period (2024-2031).

The competitive environment of the global Neem Extract market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Patanjali', 'E.I.D. Parry (India) Limited', 'P.J. Margo Pvt. Ltd.', 'Agro Extract Limited', 'Ozone Biotech Pvt. Ltd.', 'GreeNeem Agri Private Limited', 'Fortune Biotech Ltd.', 'The Indian Neem Tree Company', 'Gramin India Agri BusiNest', 'Parker India Group', 'Bros India Group.'

The demand for neem medicine is increasing due to its significant benefits in treating diseases such as inflammatory and somatic cancer In April 2023, Memorial Sloan Kettering Cancer Center (USA) announced that, according to research conducted on neem remedy for cancer shows, neem -Extracts have anti-cancer activities, which promote the growth of cancer cells Also, Neem extracts from all parts such as leaves, seedlings, flowers, fruits. shoots, gums and seeds have many properties, therefore, the table below shows the use of Neem parts as an extract.

The neem extract market is projected to take a look at a noticeable increase, Wespecially due to the presence of several local, nearby, and global. These players are catering to the neem extract processing strategies which are progressing at a speedy tempo. The growing demand for neem extract is in addition driving the increase of the Neem Extract Market throughout the forecast length. The key producers have adopted a method of acquiring regulatory approval from government agencies for his or her products and signing contracts and agreements to expand their reach and reduce operational prices.

North America is expected to grow at a CAGR of 14.43% till 2032, owing to increasing awareness in the use of neem extract attracting consumers for its health-beneficial properties in their daily lives.

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Global Neem Extract Market

Report ID: SQMIG30B2038

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