About Neem Extract
Neem Extract is an active compound that is manufactured through various parts of the neem tree. It is widely used in traditional Asian medicine to cure various health diseases and skin problems. In today’s time, neem extracts are widely used in various home and personal care products as it affects insects differently than chemical solutions. However, local farmers are highly adopting neem-based products for pest control, pesticides, etc.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Indian Vendors will contribute the maximum growth to Global Neem Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Neeming Australia (Australia), EID Parry (India), Bros India (India), Agro Extracts (India), Ozone Biotech (India), Fortune Biotech (India), Gree Neem (India), Certis USA (UnitedStates), Herbo Nutra (India) and Green Earth Products (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Neem Extract market by Type (Seed extract, Leaf extract and Bark extract), Application (Agriculture, Personal Care, Pharmaceutical and Animal Feed) and Region.
On the basis of geography, the market of Neem Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Neem Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Neem Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Neem Seed Extracts in Manufacturing of Pesticides for Crop Protection and Pest Control
Market Growth Drivers:
Increasing Demand of Neem Extracts in Home and Personal Care Products and Government Ban over the Toxic Chemical Pesticides Due to Environmental Concern
Challenges:
Ban on Some Neem Extracts in Countries like Canada May Hamper the Market Growth
Restraints:
Some Formulations of Neem-based Products Can Damage Plants
Opportunities:
Growing Awareness and Adoption of Ayurvedic Medicines to Cure Various Diseases
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Sea Cucumber Providers, Suppliers and Distributors of Sea Cucumber, Fishery Industry, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.