Global Neem Extracts Market, By Type (Leaf Extract, Fruit and Seed Extract and Bark Extract), Application (Pharmaceuticals and Nutraceuticals, Personal Care, Agriculture and Farming, Food and Beverages and others) – Industry Trends and Forecast to 2029.
Neem Extracts Market Analysis and Size
As a growing number of consumers seek safe and effective products, there has been a rapid shift away from synthetic products and toward more natural and organic products in recent years. Neem extracts contains a lot of antioxidants and flavonoids. They are used in widespread application across the food and beverage and cosmetic industries.
Data Bridge Market Research analyses that the neem extracts market which was valued at USD 2.04 billion in 2021 is expected to reach the value of USD 6.07 billion by 2029, at a CAGR of 14.60% during the forecast period of 2022-2029. 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.
Neem Extracts Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Leaf Extract, Fruit and Seed Extract and Bark Extract), Application (Pharmaceuticals and Nutraceuticals, Personal Care, Agriculture and Farming, Food and Beverages and others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Givaudan (Switzerland), Sensient Technologies Corporation (U.S.), Symrise (Germany), Kangcare (China), P.T. INDESSO AROMA (Indonesia), P.T. Haldin Pacific Semesta. (U.S.), VidyaHerbs (India), Tokiwa Phytochemical Co. Ltd. (Japan), NATIVE EXTRACTS Pty Ltd. (Australia), Shaanxi Jiahe Phytochem Co., Ltd. (China), Synthite Industries Ltd. (India), Döhler, International Flavors & Fragrances, Inc. (Germany), Martin Bauer Group (Germany), Arjuna Natural Pvt Ltd (India), Organic Herb Inc. (China), Plant Extracts International Inc (U.S.)
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Opportunities
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Market Definition
Neem extracts are derived from neem seed, leaves, and bark and are used in a wide range of agricultural, cosmetic, and pharmaceutical products. Due to its medicinal properties, neem is an excellent ingredient in a variety of organic products.
Global Neem Extracts Market Dynamics
Drivers
- Growing consumer health consciousness and a shift from healthy alternatives
Neem extract is widely used in the manufacture of dietary supplements. Neem extracts dietary supplements aid in blood sugar regulation, blood pressure regulation, weight management, disease prevention, and exercise recovery. It's available in capsules, liquids, and powdered form. Dietary supplement consumption has been increasing in recent years, and the market is expected to grow at an exponential rate in the near future. Consumers' health consciousness is growing worldwide, impacting the sales of dietary supplements as healthy alternatives to conventional medication.
- Shift in the lifestyle as well as growing demand from the personal care industry
Some of the factors expected to fuel global market growth during the forecast period include an increasing working population, rising demand for organic product, and expanding retail markets. The increasing use of neem as a natural ingredient in the personal care industry is expected to drive growth in the global neem extracts market. There is growing concern about the dangers of chemical-based personal care and cosmetic products. Another factor driving market growth is the increasing use of bio fertilisers.
Opportunities
The growing global demand for organic products is expected to provide market participants with a lucrative opportunity in the coming years. Due to the high demand for neem's functional properties, manufacturers in the global neem market are constantly introducing new and innovative products. They are also introducing ready-to-consume variants in order to broaden their product portfolio and boost overall sales. Furthermore, they are investing in innovative marketing strategies and celebrity endorsements, which are expected to boost market growth in the coming years.
Restraints
However, a lack of prominent interest and significant costs of neem items in the region are likely to impede market growth, and with high priced neem products and a significant demand supply gap will further challenge market growth.
This neem extracts market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neem extracts market contact Data Bridge Market Research for an Analyst Brief, our neem will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Neem Extracts Market
As a result of the covid-19 pandemic, sales of neem extract products increased significantly. As the pandemic tested people's immune systems, demand for neem extract products increased, as neem has been shown to improve the immune system. The products stored in the inventories were sold quickly as people started stockpiling products, even though the production volume after that was significantly affected due to reduced workforce and most of the production houses being shut down indefinitely. Sales of neem extract products increased significantly in countries such as India and the United States, which were severely impacted by the pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Neem Extracts Market Scope
The neem extracts market is segmented on the basis of type, application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Leaf Extract
- Fruit and Seed Extract
- Bark Extract
Application
- Food & Beverages
- Pharmaceuticals
- Nutraceutical
- Personal Care & Cosmetics
- Agriculture and Farming
- Others
Neem Extracts Market Regional Analysis/Insights
The neem extracts market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the neem extracts market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific occupied the largest share in the neem extract market. This region's growth is attributed to the increasing adoption of various neem-based products in countries such as Japan and India. Furthermore, rising consumer awareness of the benefits of neem-based extracts is fuelling market growth.
Europe is likely to be the fastest-growing region during the forecast period. Regional growth is being driven by rising neem product awareness and rising cosmetic industry demand. Furthermore, consumer spending on protein supplements has increased significantly in Europe, which is positively driving market growth.
Market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Neem Extracts Market Share Analysis
The neem extracts market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to neem extracts market.
Some of the major players operating in the neem extracts market are:
- Givaudan (Switzerland)
- Sensient Technologies Corporation (U.S.)
- Symrise (Germany)
- Kangcare (China)
- P.T. INDESSO AROMA (Indonesia)
- P.T. Haldin Pacific Semesta. (U.S.)
- VidyaHerbs (India)
- Tokiwa Phytochemical Co. Ltd. (Japan)
- NATIVE EXTRACTS Pty Ltd. (Australia)
- Shaanxi Jiahe Phytochem Co., Ltd. (China)
- Synthite Industries Ltd. (India)
- Döhler, International Flavors & Fragrances, Inc. (Germany)
- Martin Bauer Group (Germany)
- Arjuna Natural Pvt Ltd (India)
- Organic Herb Inc. (China)
- Plant Extracts International Inc. (U.S.)
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