Global "Neem
extracts Market" 2020 Industry
research report covers the industry overview with Marketplace Size, Share,
Development, futuristic cost, earnings, demand and distribution data. Its vast
repository offers an analytical summary of the marketplace that can help to the
new and existing player to take a significant decision.
In this report, we
thoroughly examine and analyse the Global market for Neem extracts so that
market participants can improve their business strategy and ensure long-term
success. This report provides players with useful information and suggests
result-based ideas to give them a competitive advantage in the global Neem
extracts industry. It will show how other players compete in the global Neem
extracts Market and explain the strategies you use to differentiate yourself
from other participants.
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Industry insights
The global neem extracts
market to reach around USD 1.32 billion by 2020. The rising demand for neem
extracts can be attributed to the increasing end use scope of the product in
pharmaceuticals, personal care, and agriculture. In addition, the increasing
awareness regarding the benefits of the product is expected to boost demand
during the forecast period. The backlash of synthetic products and
environmental-friendly products are expected to drive the growth of this
market.
India, Burma and Sri Lanka
are major exporters of neem extracts. Countries such as the U.S., the UK, and
Australia are also witnessing significant growth in neem cultivation owing to
the increasing demand from the several end-use verticals.
The stringent regulations,
particularly in the UK, the U.S., Italy, and Spain, are encouraging the
cultivation of fruits and vegetables organically, which has promoted the use of
neem extracts in fertilizers and pesticides.
The product is widely being
used in pharmaceutical drugs, owing to its superior benefits such as reduction
in blood clotting, controlling of blood pressure & cholesterol, and
improved digestion. The rapid growth of the pharmaceuticals industry is
therefore anticipated to boost the product demand during the forecast period.
The major challenge this
industry faces is the high cost of neem extracts and the demand & supply
gap, which can restrict the growth of this industry over the coming years.
Neem and its extracts are
widely used in the cosmetics industry owing to their properties of ‘zero side
effects’. The use of the product in skin care commodities such as body lotions,
fairness creams, and hand wash will further augment the product demand during
the forecast period. Major FMCG and cosmetics companies, such as Himalaya,
Garnier, and Hindustan Unilever, are developing new neem-based products to leverage
the growing consumer demand and thereby strengthen their positions in the
overall industry.
Application Insights
The industry is expected to
observe significant growth during the forecast period, primarily driven by
growing applications of the product in bio-fertilizers and bio-pesticides. The
pesticide-like characteristics of the product are largely attributable to
Azadirachtin, which can protect the crops from over 200 different species of
pests. The demand for the product in this end-use vertical is anticipated to
grow owing to the stringent laws against the use of chemical fertilizers and
pesticides.
The personal care products
segment is expected to be the key driver during the forecast period. The rising
consumer awareness regarding the benefits of neem extracts and its zero side
effects is expected to augment the growth of this market.
The rising demand for neem
extracts from pharmaceutical companies, owing to their anti-inflammatory,
anti-microbial, and anti-oxidant properties, is expected to further boost the
product demand during the forecast period.
Regional Insights
The Asia Pacific is the
largest market for neem extracts owing to the favorable climate for
cultivation, particularly in China, India, and Sri Lanka. These countries are also
majorly focused on agriculture, making them potential markets for expansion.
North America and Europe
are expected to witness sluggish growth owing to the lack of availability of
raw materials and the resultant high pricing. This has created a demand-supply
gap in these markets and will restrain the growth of the industry in the
regions over the coming years.
However, the growing focus
on the cultivation of fruits and vegetables through organic means is
anticipated to boost the demand in Europe and North America during the forecast
period. In addition, the increasing demand for natural cosmetics from European
and North American countries is expected to boost the demand for the product in
this region.
Competitive Insights
The increasing penetration
of small players in the market has fragmented the market considerably, in
recent years. The availability of raw material and low cost of labor has
attracted manufacturers to view Asia-Pacific, particularly India and China, as
the manufacturing hub of the product. The key participants of this industry are
Trifolio-M GmbH, Agro Extracts Limited, Ozone Biotech, Nikita Agro Industries,
PJ Margo, Fortune Biotech, Parker Biotech and Trifolio-M GmbH, and E.I.D.
Parry.
Most players in this
industry have adopted strategies such as new product developments and R&D
to identify pharmaceutical benefits to cure diseases such as cancer, and
capacity expansion in order to acquire a competitive edge over their
competitors in terms of production outputs.
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