Transparency
Market Research (TMR) has announced the addition of a new market
study on the neem
extracts market. The report is titled “Neem Extracts Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast,
2013 - 2019.” According to the report, the global neem extracts
market is expected to be worth US$1126.8 mn by 2019. It was valued at
US$495.6 mn in 2013 and is expected to expand at a CAGR of 14.7%
between 2013 and 2019.
Neem
is a tree native to India, Bangladesh, Myanmar, Sri Lanka, Pakistan,
and Malaysia. Neem has various medicinal benefits such as lowering of
blood pressure and cholesterol. It also eases palpitations, reduces
blood clotting, and regulates digestion. The medicinal benefits of
neem are expected to boost its use in the pharmaceuticals sector. A
number of herbal cosmetic manufacturing companies are proliferating
and with them, the demand for neem powder and oil is increasing.
Neem
is also gaining popularity as an effective bio-pesticide and
bio-fertilizer, which is helping the growth of the neem extracts
market. The growing awareness regarding the side effects of synthetic
chemicals in fertilizers and pesticides is expected to increase the
use of bio-fertilizers and bio-pesticides, subsequently boosting the
neem extracts market. Furthermore, stringent regulations by
governments for producing fruits and vegetables in a chemical-free
way, will also aid the market’s growth.
One
of the factors restraining the global neem extracts market is the
lack of quality raw materials in the required quantity. Due to the
fluctuations in demand and supply, the prices are also volatile, thus
affecting the value chain at various levels. Additionally, the
limited presence of neem extracting companies in the neem producing
countries is also a challenge faced by the global neem extracts
market.
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a Brochure of this Report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2049
Geographically,
the global neem extracts market is segmented into North America,
Europe, Asia Pacific, and Rest of the World. Asia Pacific is the
largest market for neem extracts. India at present, is the largest
producer and exporter of neem extracts. The neem extracts market in
Europe is expected to grow at a fast pace during the forecast period.
European countries such as Italy, Germany, and Spain are expected to
grow substantially, due to rise in organic farming. In North America,
the U.S. is the largest consumer of neem extracts, followed by
Canada. Neem extracts are largely used as animal feed in markets in
the Rest of the World.
On
the basis of application, the global neem extracts market is
segmented into personal care, pharmaceuticals, chemicals and
fertilizers, animal feed and pet care, and others. Neem is primarily
used in agricultural applications as a bio-fertilizer and
bio-pesticide. The personal care segment is expected to grow rapidly
in the forecast period. The animal feed and pet care segment will
also witness significant growth.
The
report profiles some of the key players operating in the global neem
extracts market such as: P J Margo Pvt Ltd., E.I.D Perry India Ltd.,
Parker India Group Pvt. Ltd., Fortune Biotech Ltd., Neeming Australia
Pvt Ltd., and Prithvi Exports.
The
global neem extracts market is segmented as follows:
Applications
- Personal Care
- Pharmaceuticals
- Chemicals and Fertilizers
- Animal Feed and Pet Care
- Others
Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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