Neem tree seeds contain neem oil, a naturally occurring insecticide. It is yellow to brown, gives garlic/sulfur smells, and has a bitter taste. It has been used to eradicate illnesses and pests for hundreds of years. Neem oil is still used today in many different products in various forms. These consist of pet shampoos, cosmetics, soaps, and toothpaste. Neem oil may also be used to make biodiesel or biofuels. Neem oil is made up of many ingredients. The most effective insect deterrent and killer is azadirachtin, derived from neem oil. It is known as clarified hydrophobic neem oil when there is any leftover.
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Data Bridge Market Research analyzes that Global Neem Oil and Concentrates Market is expected to reach USD 3,758,612.66 thousand by 2030 from USD 1,396,038.31 thousand in 2022, growing with a substantial CAGR of 13.4% in the forecast period of 2023 to 2030. Growing demand for neem oil concentrates in construction industry applications will drive market growth.
Key Findings of the Study
Growing Demand for Organic Products May Drive the Market Growth
The market for neem oil concentrates is seeing increased demand for organic goods. Neem oil derived from the neem tree has been increasingly popular recently. The demand for organic goods, such as neem oil concentrates, has increased as customers grow more concerned about their health and the environment. As customers become more aware of the potential health dangers linked to synthetic chemicals and pesticides, organic products have grown tremendously on the global market. Neem oil concentrates are extracted from the seeds of the neem tree and are called organic because they are produced without toxic chemicals or genetically modified organisms (GMOs). This makes neem oil concentrates appealing to those seeking natural and sustainable solutions. Neem oil has insecticidal characteristics and can treat various pests, including insects, mites, and nematodes. Unlike synthetic pesticides, neem oil is non-toxic to humans and beneficial insects, making it an environmentally benign pest control approach. As more farmers and gardeners switch to organic farming methods, the demand for neem oil concentrates as a natural pesticide rises.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Thousand and Volume in Tons
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Segments Covered
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By Type (Fruit and Seed Extract, Leaf Extract, and Bark Extract), Application (Agriculture and Farming, Pharmaceuticals and Nutraceuticals, Personal Care, Automotive, Food and Beverages, and Others)
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Countries Covered
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U.S., Canada, and Mexico, Brazil, Argentina, and Rest of South America, Germany, Italy, U.K., France, Spain, Russia, Turkey, Netherlands, Belgium, Switzerland, Luxembourg, and Rest of Europe, Japan, China, India, South Korea, Australia & New Zealand, Philippines, Malaysia, Thailand, Indonesia, Singapore, and Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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SUNSHIV BOTANICS (India), ConnOils LLC (U.S.), VedaOils.com (India), Ozone Biotech (India), SPECTRUM BRANDS, INC. (U.S.), Woodstream Corporation (U.S.), DYNA-GRO, INC (U.S.), BONIDE Products LLC (U.S.), GreenWay Biotech (India), SBM Company (Natria) (France), PF Harris (U.S.), MYCSA AG (U.S.), Aromantic Natural Skin Care (U.K.), Manorama Industries Limited. (India), SUN BIONATURALS (India), Murugappa Group (India), and NOW Foods (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The market is segmented into two notable segments on the basis of type and application.
- On the basis of type, the market is segmented into fruit and seed extract, leaf extract, and bark extract.
In 2023, the fruit and seed extract segment is expected to dominate the market
In 2023, the fruit and seed extract segment is expected to dominate with a 46.61% market share as it has azadirachtin that parasites that damage the skin and hair, including lice. Azadirachtin inhibits parasite development and interferes with biological functions such as reproduction.
- On the basis of application, the market is segmented into agriculture and farming, pharmaceuticals and nutraceuticals, personal care, automotive, food and beverages, and others.
In 2023, the agriculture and farming segment is expected to dominate the market
In 2023, the agriculture and farming segment is expected to dominate the market with a 43.18% market share. The agriculture and farming segment is expected to dominate the market because neem oil is a potent insecticide that works particularly well against soft-bodied, leaf-sucking and chewing insects, which are common garden pests.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the global neem oil and concentrates market that include SUNSHIV BOTANICS (India), ConnOils LLC (U.S.), VedaOils.com (India), Ozone Biotech (India), SPECTRUM BRANDS, INC. (U.S.), Woodstream Corporation (U.S.), DYNA-GRO, INC (U.S.), BONIDE Products LLC (U.S.), GreenWay Biotech (India), SBM Company (Natria) (France), PF Harris (U.S.), MYCSA AG (U.S.), Aromantic Natural Skin Care (U.K.), Manorama Industries Limited. (India), SUN BIONATURALS (India), Murugappa Group (India), and NOW Foods (U.S.) among others.
Market Development
- In June 2022, SBM Life Science is happy to join the organizations that have achieved Great Place to Work 2022 certification. All qualifying nations in Europe, including France, Germany, the UK, Italy, Sweden, and Spain, were certified as Great Places to Work by SBM. The accreditation offers SBM Life Science staff worldwide recognition and is a first for Europe.
- In March 2022, Taking advantage of the JdC Garden Trends, SBM Company Life Science France formalized an exclusive agreement with the French start-up AXIOMA. With the help of this partnership, SBM will be able to expand its selection of natural remedies and provide distributors and their clients with a brand-new plant booster based on natural plant extracts that will promote the development of plants in vegetable gardens.
- In 2022, NOW Foods received a Top Workplaces 2022 recognition from the Chicago Tribune for the sixth time, placing #26 in the big enterprise category. This enabled the business to demonstrate that employee satisfaction with the organization's direction, mission execution, and working circumstances is at its maximum.
- In December 2021, SBM Company has entered into an exclusive arrangement with ÉLÉPHANT VERT to acquire Or Brun. Thus, it expanded its product line on the French market, notably in soils, fertilizers, and natural mulches.
- In 2020, in Birkoni, Chhattisgarh, Manorama Industries Limited opened a brand-new facility. To meet the enormous increase in demand for customized custom-made fats and CBE. This aided businesses in developing and manufacturing new items and fortifying their local and global supply networks.
Regional Analysis
Geographically, the countries covered in the global neem oil and concentrates market are U.S., Canada, and Mexico, Brazil, Argentina, and Rest of South America, Germany, Italy, U.K., France, Spain, Russia, Turkey, Netherlands, Belgium, Switzerland, Luxembourg, and Rest of Europe, Japan, China, India, South Korea, Australia & New Zealand, Philippines, Malaysia, Thailand, Indonesia, Singapore, and Rest of Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
- Asia-Pacific is expected to dominate in the global neem oil and concentrates market.
In 2023, Asia-Pacific is expected to dominate the market due to the growing demand for organic products in this region.
- North America is estimated to be the fastest growing region in the global neem oil and concentrates market for the forecast period 2023-2030.
North America is expected to grow during the forecast period due to the increasing applications of neem oil concentrates in agriculture industry. In addition to this, various technological advancements and expansion in the region.
For more detailed information about the global neem oil and concentrates market report, click here – https://www.databridgemarketresearch.com/pt/reports/global-neem-oil-concentrates-market
