Felton, 26 November
2019 - Neem Extracts Market to reach
around USD 1.32 billion by 2020. The rising demand for neem extracts can be
attributed to the increasing end use scope of the product in pharmaceuticals,
personal care, and agriculture. In addition, the increasing awareness regarding
the benefits of the product is expected to boost demand during the forecast period.
The backlash of synthetic products and environmental-friendly products are
expected to drive the growth of this market.
India, Burma and Sri Lanka are major exporters of neem
extracts. Countries such as the U.S., the UK, and Australia are also witnessing
significant growth in neem cultivation owing to the increasing demand from the
several end-use verticals.
Request a PDF Sample
@ https://www.millioninsights.com/industry-reports/neem-extracts-market/request-sample
The stringent regulations, particularly in the UK, the U.S.,
Italy, and Spain, are encouraging the cultivation of fruits and vegetables
organically, which has promoted the use of neem extracts in fertilizers and
pesticides.
The major challenge this industry faces is the high cost of
neem extracts and the demand & supply gap, which can restrict the growth of
this industry over the coming years.
Neem and its extracts are widely used in the cosmetics
industry owing to their properties of ‘zero side effects’. The use of the
product in skin care commodities such as body lotions, fairness creams, and
hand wash will further augment the product demand during the forecast period.
Major FMCG and cosmetics companies, such as Himalaya, Garnier, and Hindustan
Unilever, are developing new neem-based products to leverage the growing
consumer demand and thereby strengthen their positions in the overall industry.
Competitive
Insights
The increasing penetration of small players in the market
has fragmented the market considerably, in recent years. The availability of
raw material and low cost of labor has attracted manufacturers to view
Asia-Pacific, particularly India and China, as the manufacturing hub of the
product. The key participants of this industry are Trifolio-M GmbH, Agro
Extracts Limited, Ozone Biotech, Nikita Agro Industries, PJ Margo, Fortune
Biotech, Parker Biotech and Trifolio-M GmbH, and E.I.D. Parry.
Most players in this industry have adopted strategies such
as new product developments and R&D to identify pharmaceutical benefits to
cure diseases such as cancer, and capacity expansion in order to acquire a
competitive edge over their competitors in terms of production outputs.
Market Segments
Application Outlook
(Revenue, USD Million, 2012 - 2020)
•
Pharmaceuticals
• Personal
care
•
Biofertilizers
• Animal feed
• Others
Regional Outlook
(Revenue, USD Million, 2012 - 2020)
• North
America
• Europe
• Latin
America
• Asia Pacific
• MEA
For More Technical
Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/neem-extracts-market
No comments:
Post a Comment