What Is The Benefit Of Neem Extract?

The neem extracts market which was valued at USD 2.04 billion in 2022 is expected to reach the value of USD 6.07 billion by 2032, at a CAGR of 14.60% during the forecast period of 2023-2032.

The production of dietary supplements frequently includes the use of neem extract. Dietary supplements containing neem extracts help control blood sugar, blood pressure, weight, prevent disease, and speed up the healing process after exercise. It comes in powdered, liquid, and capsule form. Consumption of dietary supplements has grown in recent years, and in the near future, the industry is anticipated to expand exponentially. Globally, consumer awareness of health issues is rising, which has an effect on the demand for dietary supplements as natural alternatives to prescription drugs.

Throughout the projected period, a growing working population, increased demand for organic products, and expanding retail marketplaces are some of the factors anticipated to drive market expansion. The market for neem extracts is anticipated to rise as a result of neem's expanding use as a natural ingredient in the personal care sector. The hazards of personal care and cosmetic goods with chemical bases are a subject of growing concern. Use of bio fertilisers is growing, which is another factor influencing market expansion.

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In the upcoming years, industry participants should benefit greatly from the rising demand for organic products on a global scale. Manufacturers in the worldwide neem market are continually producing new and creative products due to the strong demand for neem's functional features. To diversify their product offering and increase total sales, they are also providing ready-to-eat variations. They are also spending money on cutting-edge marketing plans and celebrity endorsements, which are predicted to accelerate market growth in the upcoming years.

One of the factors driving the growth of the neem extract market is the rising awareness of the negative effects associated with the frequent use of chemical-based personal care products, such as soaps, shampoos, and cosmetics that contain artificial ingredients. Another is the adoption of bio fertilisers. The neem extract market is divided into two segments based on region and application.

Major Players:

Ozone Biotech; Fortune Biotech Ltd; Bros India Group; Parker India Group; The Indian Neem Tree Company; Gramin India Agri BusiNest; E.I.D Parry India Ltd; Neeming Australia Pty Ltd; Agro Extracts Limited

Types

• Leaf Extract
• Fruit and Seed Extract
• Bark Extract

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Applications

• Pharmaceuticals and Nutraceuticals
• Personal Care
• Agriculture and Farming
• Food & Beverages
• Others

Regional Analysis:

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Neem Extracts market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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