The Global Neem Extracts Market is forecasted to reach USD 3,461.7 million by 2027, according to a new report by Reports and Data. The increasing awareness among consumers regarding the health benefits of neem in the developing economies is expected to drive the growth of the neem extracts market in the region. The neem extract products are widely used in the pharmaceutical, personal care, agriculture, and food beverages industries. The rising awareness among the farmers regarding the adverse effects of chemical fertilizers and pesticides on plant growth and agricultural productivity has resulted in the increasing demand for neem-based pesticides and fertilizers.
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Increasing investments by the established herbal companies in the manufacturing of high-quality herbal cosmetics are most likely to drive the growth of the neem extracts market over the forecast period. The demand for bio-based personal care products is more compared to chemical-based personal due to the high quality of herbal cosmetics and beneficial medicinal properties.
Market Overview:
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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Some of the Leading Market Players Are Listed Below:
- I.D. Parry India Ltd.,
- Agro Extracts Limited.,
- Parry America,
- Ozone Biotech,
- Trifolio-M GmbH,
- PJ Margo Pvt. Ltd.,
- Neeming Australia Pvt. Ltd.,
- The Indian Neem Tree Company
- Others
Market Segmentation:
Type Outlook (Revenue, USD Million; 2017-2027)
- Leaf Extract
- Fruit and Seed Extract
- Bark Extract
Application Outlook (Revenue, USD Million; 2017-2027)
- Biofertilizers
- Pharmaceuticals
- Animal Feed
- Personal Care
- Others
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Neem Extracts market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Neem Extracts market.
The global Neem Extracts market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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