Global Neem Oil and Concentrates Market, 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) - Industry Trends and Forecast to 2030.
Neem Oil and Concentrates Market Analysis and Size
The global neem oil and concentrates market is expected to grow significantly from 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.4% from 2023 to 2030 and is expected to reach USD 3,758,612.66 thousand by 2030. The major factor driving the growth is the rising popularity of neem oil. It concentrates products over the millennia and growing awareness regarding the properties of neem oil and concentrates products.
Neem oil is a vegetable oil derived from the seeds of the neem tree (Azadirachta Indica), which is native to the Indian subcontinent. It has been used for centuries in traditional Indian medicine, agriculture, and skincare. Neem oil contains various biologically active compounds, including azadirachtin, Nimbin, and nimbidin, responsible for its medicinal and pesticide properties. It has antifungal, antibacterial, antiviral, and insecticidal properties, making it a popular natural remedy and pesticide.
The global neem oil and concentrates market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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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, ConnOils LLC, VedaOils.com, Ozone Biotech, SPECTRUM BRANDS, INC., Woodstream Corporation, DYNA-GRO, INC, BONIDE Products LLC, GreenWay Biotech, SBM Company (Natria), PF Harris, MYCSA AG, Aromantic Natural Skin Care, Manorama Industries Limited., SUN BIONATURALS, and NOW Foods among others
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Market Definition
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.
Global Neem Oil and Concentrates Market Dynamics
This section deals with understanding the market drivers, advantages, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Growing demand for organic products
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.
- Increasing application of neem oil concentrates in the agriculture industry
The global neem oil concentrates market is witnessing an increase in the use of neem oil concentrates in agriculture. Neem oil, derived from the neem tree (Azadirachta Indica), has grown in popularity in agriculture due to its wide variety of applications and multiple advantages. Demand for neem oil concentrates increases as agriculture seeks more sustainable and environmentally friendly alternatives. Neem oil has insecticidal characteristics and can treat various crop pests, such as aphids, whiteflies, mites, caterpillars, and beetles. Its active components prevent insect proliferation and development, resulting in less crop loss.
Opportunities
- Potential applications in automotive industry
The increased demand for environmentally friendly products, the automobile sector is continually looking for novel and long-lasting solutions. Natural neem oil has advantages for a variety of automobile applications. The automotive coatings and paints industry can use neem oil as an ingredient. Its antibacterial and insecticidal qualities can aid in defending the outside surfaces of cars from dangerous pathogens and pests. Car manufacturers can add neem oil to coating formulae to boost paint tenacity and longevity and protect against environmental variables that could cause the paint to degrade. Because of its outstanding lubricating characteristics, neem oil can be used as a lubricant or as an addition to automobile lubricants. It can reduce friction and wear in various engine components, resulting in improved engine performance and prolonged engine part lifespan. Furthermore, neem oil's natural composition can help reduce the environmental impact of lubricant use in automotive industry products.
- New product development and diversification
Neem oil is well-known for its many useful effects, including insecticidal, antibacterial, and antioxidant capabilities. These characteristics make it a flexible element for a variety of applications. Companies can explore new formulations and applications of neem oil by investing in research and development, creating unique products that cater to certain market segments.
Neem oil can be prepared in various concentrations or combined with other natural components to increase its efficiency and adaptability. This can lead to the creation of concentrated neem oil-based products that provide targeted pest control solutions for certain crops or uses. Furthermore, neem oil-based products can be improved to satisfy the specialized needs of industries such as cosmetics, medicines, personal care, and automotive.
Restraints/Challenges
- Availability of substitutes
While neem oil is commonly used in agriculture as a biopesticide and insecticide, alternative products and synthetic chemicals on the market provide similar pest control qualities. These substitutes may be more readily available, less expensive, or have a more established market presence, posing a challenge to the broad adoption of neem oil. Similarly, some alternatives provide comparable performance in the automotive industry, where neem oil is utilized in lubricants and coatings. Alternatives to neem oil include synthetic lubricants, coatings, and other bio-based oils. The availability and competitiveness of these substitutes may limit neem oil usage in the automotive sector.
- Limited availability and supply chain challenges
The neem oil and concentrate market has major challenges due to limited availability and supply chain challenges. The cultivation and processing of neem trees, which can be affected by various factors such as climate, pests, and diseases, is required to manufacture neem oil. This can cause changes in neem oil availability and disrupt the supply chain. Furthermore, the demand for neem oil has steadily increased across various industries, including agriculture, cosmetics, and healthcare. Meeting this growing demand requires a well-established and efficient supply chain to ensure neem oil products' timely and consistent availability.
Recent Development
- 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.
Global Neem Oil and Concentrates Market Scope
The global neem oil and concentrates market is categorized based on type and application. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- Fruit and Seed Extract
- Leaf Extract
- Bark Extract
On the basis of type, the global neem oil and concentrates market is classified into three segments fruit and seed extract, leaf extract, and bark extract.
Application
- Agriculture and Farming
- Pharmaceuticals and Nutraceuticals
- Personal Care
- Automotive
- Food and Beverages
- Others
On the basis of application, the global neem oil and concentrates market is classified into six segments agriculture and farming, pharmaceuticals and nutraceuticals, personal care, automotive, food and beverages, and others.
Global Neem Oil and Concentrates Market Regional Analysis/Insights
The global neem oil and concentrates market is segmented on the basis of type and application.
The countries in the global neem oil and concentrates market are the 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.
Asia-Pacific is expected to dominate the global neem oil and concentrates market due to the favourable climate and soil conditions in this region which make it ideal for neem tree cultivation. The U.S. dominates in the North American region due to growing awareness regarding the properties of the neem oil and concentrates products. Germany is expected to dominate the Europe region due to the growing technologies of neem oil and concentrates products.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Neem Oil and Concentrates Market Share Analysis
The global neem oil and concentrates market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the market.
Some of the prominent participants operating in the global neem oil and concentrates market are SUNSHIV BOTANICS, ConnOils LLC, VedaOils.com, Ozone Biotech, SPECTRUM BRANDS, INC., Woodstream Corporation, DYNA-GRO, INC, BONIDE Products LLC, GreenWay Biotech, SBM Company (Natria), PF Harris, MYCSA AG, Aromantic Natural Skin Care, Manorama Industries Limited., SUN BIONATURALS, and NOW Foods among others.
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