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Neem Extract Market Regional Analysis With Size, Growth and Demand Forecast to 2022

The global neem extract market is expected to grow at a CAGR of 16.3% during 2016 - 2022. Among the various segments, seed extract dominated the global neem extract market.

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The global neem extract market is booming due to the growing interest of people towards bio-based products. Neem extract is an import-led market, mostly dependent on exports from the Asian countries such as India. The key importers from India are U.S., Vietnam, North Korea, Spain, and Italy. Globally neem extract is used in three broad application areas, including agriculture, health and personal care, and animal products; where agriculture dominated the market.

Based on product type, the market is categorized into seed extract, leaf extract and bark extract, where seed extract segment witnessed highest sales in 2015. The neem extract market is highly fragmented with very small-sized players who do not have a fix channel for international sales, except online marketplace.

The increasing concern of people and regulatory authorities towards harmful effects of chemical-based fertilizers and pesticides on human health has been compelling farmers to use bio-based farm products. This has led to significant increase in demand for bio-based fertilizers and pesticides. Following the effect, the demand of neem extract based fertilizers and pesticides are also escalating. The demand for organic food has also been increasing in the recent past, especially in Europe, where people are preferring products with organic label due to which retailers are increasing the percentage of organic products in their shelves.

Countries such as Spain, France and Denmark have reduced the agricultural chemical usage by about 30%. Among the Asian countries, Australia is the leading market for bio-based products, including neem extract based fertilizers and pesticides. China and India are the other major countries in the region using neem extract based farm products.

Brazil and China have observed neem as a highly beneficial tree, which is leading them to invest in its plantations. While China has already started investing in neem plantations, Brazil is looking for private sector investors for the same.

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The major companies operating in the global Neem Extract market include E.I.D. Parry (India) Limited, Neeming Australia Pty Ltd., P.J. Margo Pvt. Ltd., Agro Extract Limited, Ozone Biotech Pvt. Ltd., GreeNeem Agri Private Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Bros India Group. Other key players include Certis USA LLC, Bayer AG, American Vanguard Corporation, Terramera Inc., and Grupo Ultraquimia and Bioneem Technology Industria e Comercio Ltda.

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