The
global neem extracts market is highly fragmented with a large number
of unorganized players operating across the globe. Transparency
Market Research reports that some of the most prominent companies in
the market with good export potential are concentrated in India. The
country alone has more than 150 small- and medium-sized vendors
dealing in neem extracts.
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However,
these companies collectively hold a nominal share in the global
market. On the other hand, vendors with technologically advanced
equipment for key production steps such as cleaning, de-pulping,
drying, disinfection, storage, and extraction have an upper hand.
Some of these prominent vendors are E.I.D Perry India Ltd., Parker
India Group Pvt. Ltd., P J Margo Pvt Ltd, Fortune Biotech Ltd.,
Neeming Australia Pvt Ltd., GreeNeem, and Prithvi Exports.
Increased
Applications in Cosmetics and Pharmaceuticals to Fuel Demand
Rising
concerns regarding the harmful effects of chemical-based and
synthetic insecticides on the fertility of agricultural land and on
the health of humans has increased the global demand for and
consumption of bio-based alternatives. Several studies have also
pointed out that nearly 60% of conventional synthetic fertilizers
contain potential carcinogens, which can easily seep into water and
soil, causing contamination. Concerns surrounding this fact have
substantially boosted the global demand for neem extracts, which
contains Azadirachtin – a compound with natural insecticidal
properties.
Rising
awareness regarding the medicinal benefits of neem have also boosted
the demand for neem extracts across the pharmaceutical and personal
care industries. Though the segment of bio-insecticides and
fertilizers is presently the largest contributor to the revenue of
the global neem extracts market, the personal care and pharmaceutical
industries are expected to have an increased share in market’s
revenue in the next few years. The flourishing growth of these
end-use industries on a global front is projected to have a
wide-ranging impact on the overall development of the global
neem extracts market in the near future.
Geographically
Limited Plantation Hinders Widespread Growth Prospects
Neem
extract and products have some unwanted side-effects such as allergic
reactions, hypertension, infertility, and Reye’s syndrome. The
natural antioxidants in neem extract can help in toxicity and waste
removal from the body. However, the excess of the same has also been
linked to liver and kidney damage. This could have a negative impact
on the development of the global neem extracts market.
The
limited geographic availability of neem has a significant influence
of the global supply of neem extract, limiting the overall
development of the market. Neem plantations are mostly concentrated
in South Asian subtropical countries such as India, China, Indonesia,
and Sri Lanka and are sparsely found in other parts of the world.
Such varying availability of neem on a global front is expected to
have a high impact on the growth prospects of the global neem
extracts market over the forecast horizon.
Global
Neem Extracts Market to Register Considerable Growth by 2019
Transparency
Market Research states that the global neem extracts market will
witness expansion at a significant pace in the next few years, rising
from a valuation of US$706 mn in 2015 to US$1,126.8 mn by 2019. In
terms of application, the segment of chemical and fertilizers is
presently leading the market, with a valuation of US$498.79 mn in
2015. The segment is expected to retain its dominance throughout the
forecast period, rising to a valuation of US$768.14 mn by 2019.
Geography-wise Asia Pacific leads owing to the high concentration of
neem tree plantations and key market vendors in India.
This
review is based on a market research report published by Transparency
Market Research, titled “Neem Extracts Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019.”
For
the study, the market is segmented as follows:
Global
Neem Extracts Market by Applications
- Personal Care
- Pharmaceuticals
- Chemicals and Fertilizers
- Animal Feed and Pet Care
- Others
Global
Neem Extracts Market by Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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