Neem extract is made from fruits, seeds and leaves of neem plant. The extraction process involves various physical and chemical processes. Azadirachtin is active compound in neem extract which has insecticidal properties. Neem extract has applications in pesticides, animal care, agriculture, cosmetics, lubricant and medicines. Neem plantations are present mostly in South Asian countries and some parts of Africa.
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Demand from bio- based fertilizers and pesticides are expected to drive the neem extract market. Backlash of chemical pesticides owing to environmental regulations has boosted the demand for bio based pesticides. Chemical fertilizers and pesticides has harmful effect on soil and all living organisms which makes neem based products ideal for these applications. Medicinal and pharmaceutical applications are expected to escalate the market growth owing to increasing demand of organic products. However, constant supply of neem is expected to hamper the market growth, as neem plantations are limited to South Asian countries. Demand from cosmetic industry is expected to provide immense opportunities for industry participants in the coming future.
Asia-Pacific was the largest producer and consumer of neem extract followed by Europe. Demand of neem extract cakes in fertilizers is expected to drive the market in China, India and Japan. Large agricultural lands and availability of raw materials are some of the major driving factors for Asian market. Stringent regulations on pesticides and shift from chemical compounds to organic compounds are fueling the market growth in European countries. The U.S was largest importer of neem extract owing to demand from eco-friendly pesticides and medicinal products.
Some of the market players in this industry are GreeNeem, Agro Extract Ltd., Neeming Austrlia Pvt Ltd, Prithvi Exports, Gramin India Agri Business, Shree Oil fats Ltd., Nature Neem and others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
· North America
· Asia Pacific
· Rest of the World
This report provides comprehensive analysis of
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market structure
· Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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