Global Neem Extract Market Size, Share, and COVID-19 Impact Analysis, By Type (Leaf Extracts, Fruit and seed Extracts, and Bark Extracts), By Application (Pharmaceuticals and Nutraceuticals, Personal Care, Agriculture and Farming, Food and beverages, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Consumer Goods

RELEASE DATE Mar 2024
REPORT ID SI3914
PAGES 200
REPORT FORMAT PathSoft

Global Neem Extract Market Insights Forecasts to 2033.

  • The Global Neem Extract Market Size was Valued at USD 3.5 Billion in 2023.
  • The Market Size is Growing at a CAGR of 11.61% from 2023 to 2033.
  • The Worldwide Neem Extract Market Size is Expected to Reach USD 10.5 Billion by 2033.
  • Europe is expected to Grow the fastest during the forecast period.

 

Global Neem Extract Market

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The Global Neem Extract Market Size is Anticipated to Exceed USD 10.5 Billion by 2033, Growing at a CAGR of 11.61% from 2023 to 2033.  

 

Market Overview

Neem extracts are derived from the neem tree (Azadirachta indica) including its seed, leaves, and bark. It contains a diverse range of bioactive components possessing various medicinal and agricultural properties, thus considered an ideal ingredient in several organic products. It helps in lowering blood pressure, reducing cholesterol levels, regulating digestion, reducing blood clotting, and easing palpitation thus is commonly added to nutraceuticals and dietary supplements. It is used in a variety of products across the agriculture, cosmetics, and pharmaceutical sectors. It is considered as an ideal ingredient in several organic products. Neem extracts are commonly added to nutraceuticals and dietary supplements to reduce blood clotting, cholesterol, and blood pressure levels in the body.  It has widespread application in the pharmaceutical, healthcare, and food industries and also in the pesticides and fertilizers market as well. The development of bio-based neem-based fertilizers and pesticides is considered ideal over chemical pesticides and fertilizers in farming. There is a positive outlook on the global neem extract market in the pharmaceutical industry. In the agrochemical sector, the launch of new and innovative neem-based fertilizers and pesticides for the cultivation of chemical-free fruits and vegetables induced the neem extract market worldwide. 

 

Report Coverage

This research report categorizes the market for the global neem extract market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global neem extract market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global neem extract market.

 

Global Neem Extract Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 3.5 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :11.61%
2033 Value Projection:USD 10.5 Billion
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application, By Region.
Companies covered:: Agro Extracts Limited, Parker Biotech Private Limited, Neeming Australia, Gramin India Agri Pvt Ltd, PJ Margo Pvt. Ltd, GreeNeem Agri Pvt Ltd, Fortune Biotech Ltd, EID Parry Ltd, Ozone Biotech, Trifolio-M GmbH, Givaudan, Sensient Technologies Corporation, Symrise, Martin Bauer Group, Organic Herb Inc., and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The adoption of neem extract solutions is driven by rising environmental awareness, sustainability, and reduced carbon emissions. The advancement in technology and increased competition in the neem extract market led to cost reduction of neem extract. The rising demand for neem-based products and the significant growth of the pharmaceutical industry across the globe positively affect the global neem extract market. The increasing adoption of bio-based neem extracts over chemical-based products for the manufacturing of premium-quality personal care products in developed countries is thrust to propel market growth. It helps to minimize frizz, acne, blemishes, and redness on the skin. In agrochemical industries, the launch of innovative neem-based fertilizers and pesticides is another growth-inducing factor. Neem is an anti-helminthic and antihyperglycemic agent that prevents infections and diseases in animals. Furthermore, significant improvement in the extraction technologies is anticipated to drive the market growth.       

 

Restraining Factors

The limited awareness regarding the beneficial effects and widespread application of neem and quality variability of neem extract products affects consumer confidence restraining the market growth of neem extract. The high cost of neem-based products restricts the adoption of neem products which may limit the growth of the neem extracts market. The high price and demand-supply gap of neem products challenge the market growth. 

 

Market Segmentation

The Global Neem Extract Market share is classified into type and application.

 

  • The fruit & seed extracts segment is expected to hold the largest share of the global neem extract market during the forecast period.   

Based on the type, the global neem extract market is divided into leaf extracts, fruit and seed extracts, and bark extracts. Among these, the fruit & seed extract segment is expected to hold the largest share of the global neem extract market during the forecast period. The neem fruit is used for hemorrhoids, intestinal worms, urinary tract disorders, bloody nose, phlegm, eye disorders, diabetes, wounds, and leprosy. The neem fruit extract has the potential anti-proliferative effect that will be considered as potential anticancer material in the future. The neem seeds are used in curing leprosy and intestinal worms and are used as tonic and astringent. Besides the therapeutic values, it can be also used as a mosquito repellent, skin softener, and insecticide. The kernel part of the seed contains azadirachtin and other constituents which has pesticide properties.

 

  • The pharmaceutical & nutraceuticals segment is expected to grow at the fastest pace in the global neem extract market during the forecast period.    

Based on the application, the global neem extract market is divided into pharmaceuticals and nutraceuticals, personal care, agriculture and farming, food and beverages, and others. Among these, the pharmaceuticals and nutraceuticals segment is expected to grow at the fastest pace in the global neem extract market during the forecast period. The curative property of neem makes it an ideal ingredient in various pharmaceutical products. Neem extract possesses antioxidant and antimicrobial properties that help to heal skin ailments thus used as a major ingredient in skin ointments and creams. The surging demand for natural and medicinal-based products such as soaps, shampoos, conditioners, and toothpaste expanding the neem extract market.

 

Regional Segment Analysis of the Global Neem Extract Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global neem extract market over the predicted timeframe.

 

Global Neem Extract Market

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Asia Pacific is anticipated to hold the largest share of the global neem extract market over the predicted timeframe. The rising growth opportunities for neem extract in the region are creating market demand for neem extract. Countries like India, China, and the Philippines adopted the use of bio-based fertilizers. The spreading awareness regarding the medicinal benefits of neem boosts market growth of the Asia-Pacific neem extract market. There rising popularity and application of neem-based products in the agriculture sector in the Asia-Pacific region due to their sustainability and eco-friendly nature.  

 

Europe is expected to grow at the fastest pace in the global neem extract market during the forecast period. Key market players in the neem extract market and the growing demand for organic pesticides in the region are responsible for the market growth of neem extract. Biopesticides accounted for the largest share in the European market, than fertilizer, due to rising awareness and increasing federal and municipal programs on forest improvement. Spain is the key seed extract user in Europe while Italy is the largest importer of die bark extract products. The increasing safety profile level of neem is anticipated to drive the neem extract market in the region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global neem extract along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Agro Extracts Limited
  • Parker Biotech Private Limited
  • Neeming Australia
  • Gramin India Agri Pvt Ltd
  • PJ Margo Pvt. Ltd
  • GreeNeem Agri Pvt Ltd
  • Fortune Biotech Ltd
  • EID Parry Ltd 
  • Ozone Biotech
  • Trifolio-M GmbH
  • Givaudan 
  • Sensient Technologies Corporation
  • Symrise
  • Martin Bauer Group
  • Organic Herb Inc.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In March 2024, Himalaya re-launched purifying neem face wash in Sri Lanka. The product has active ingredients of a combination of neem and turmeric, having strong inherent bacteria-fighting characteristics.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Neem Extract Market based on the below-mentioned segments: 

 

Global Neem Extract Market, By Type

  • Leaf extracts
  • Fruit & seed extracts
  • Bark extracts

 

Global Neem Extract Market, By Application

  • Pharmaceuticals and nutraceuticals
  • Personal Care
  • Agriculture and farming
  • Food and beverages
  • Others

 

Global Neem Extract Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1.Which region is holding the largest share of the market?
    Asia Pacific is anticipated to hold the largest share of the global neem extract market over the predicted timeframe.
  • 2 Which are the key companies that are currently operating within the market?
    Agro Extracts Limited, Parker Biotech Private Limited, Neeming Australia, Gramin India Agri Pvt Ltd, PJ Margo Pvt. Ltd, GreeNeem Agri Pvt Ltd, Fortune Biotech Ltd, EID Parry Ltd, Ozone Biotech, Trifolio-M GmbH, Givaudan, Sensient Technologies Corporation, Symrise, Martin Bauer Group, Organic Herb Inc., and Others.
  • 3. What is the size of the global Neem Extract market?
    The Global Neem Extract Market is expected to grow from USD 3.5 Billion in 2023 to USD 10.5 Billion by 2033, at a CAGR of 11.61% during the forecast period 2023-2033.

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