India Neem Extracts Market To Establish Growth Due To Rapid Technological Advancement Until FY2027
Awareness of Ayurveda is
driving the growth if India Neem Extracts Market, FY2017-FY2027.
According to
TechSci report on, “India Neem Extracts Market By Type (Leaf Extract,
Fruit & Seed Extract, Bark Extract) By Application (Pharmaceuticals,
Nutraceuticals, Personal Care, Agriculture & Farming, Food & Beverages,
Others) By Region, Competition Forecast & Opportunities, FY2027”, India Neem Extracts market
has shown promising growth in historical years until FY2020 and is expected to
continue its growth in upcoming forecast years FY2023 to FY2027. India Neem
Extracts market owes its growth to the factors like rising adaptation of the
neem extract for the production of various pharmaceutical products,
nutraceutical, cleaning agent etc. Moreover, the demand for the herbal and
organic consumer goods is also supporting the growth of the market in the
upcoming five years. Additionally, advantages of neem extracts is supporting
the market growth along with the rising consumer inclination toward using
products based on neem extracts.
Browse over XX market data Figures spread through 70 Pages and an
in-depth TOC on "India Neem Extracts Market"
The India neem extracts market segmentation is based on type,
application, competitional landscape, and regional distribution. Based on
application, the market is further differentiated into pharmaceuticals,
nutraceuticals, personal care, agriculture & farming, food & beverages,
and others. Personal care is expected to hold the largest revenue shares of the
market and dominate the market segment of applications of the neem extracts and
drive the growth of the market in the upcoming five years. The market segment
growth can be accounted to the rising demands of the personal care products
with the neem extract as the main ingredient of the commercial product.
Research and technological advancements have made it possible for the experts
to provide the goodness of neem in the personal care products like soaps, body
washes, shampoo, facial kits, and others. Rising inclination of the population
toward herbal and organic products for their personal care is actively driving
the growth of the market in the next five years. Pharmaceuticals, and
nutraceuticals are expected to register fastest growing CAGR growth in the next
five years on the account of increasing demand for the neem extract based
pharmaceuticals and nutraceuticals. The recent event of COVID-19 also aided the
growth of the market segment. Neem extract products were also utilized to
manufacture sanitizers that supported the sudden growth of the India neem
extract market in the recent years. Agriculture & farming sub-segment is
expected to register significant growth in the upcoming five years on the
grounds of surging demands for the herbal and organic pesticides and
fertilizers. Growing concerns among the farmers as well as the government
initiatives against environment degradation is further substantiating the
growth of the India neem extracts market in the future five years of forecast
until FY2027.
Based on type, the market is further bifurcated into leaf extract, fruit
& seed extract, and bark extract. Leaf extracts are expected to dominate
the market with most revenue shares of the market in the next five years on the
account of health benefits of the elements specifically found in the neem
leaves. Moreover, the neem leaves are best source of the all the beneficial
elements over fruit, seed, and bark extracts. Additionally, extracting the neem
extracts from the leaves is easier and efficient over barks, fruits and seeds
and these advantages are actively driving the growth of the market segment,
directly substantiating the growth of the India neem extracts market in the
upcoming five years. Fruit & seed extracts are often utilized for the
eatables, pharmaceuticals, and organic drink products. The surge in the demand
of such organic products is aiding the growth of the fruit & seed extract
segment and driving the growth of the market in the future five years until
FY2027.
Some of the top players in the India neem extracts market is Dabur India
Ltd., Patanjali Ayurved Limited, Baidyanath Group, Emami Limited, GreeNeem Agri
Private Limited, The Indian Neem Tree Company, P.J. Margo Pvt. Ltd., Ozone
Biotech Pvt. Ltd., Bros India Group, E.I.D Parry India Ltd, among others. The
companies are involving themselves into research and development for more
advanced medical devices. Neem Extracts are diagnostic imaging products and are
in demand owing to the need of the healthcare industry. The utilization of the
extracts for the various products that are used in the personal care and beauty
sector is aiding the market expansion. New players entering the market may form
partnerships with other players or the end users of the industry for a
consistent inflow of the product. Research and technological advancement for
the extracts use in various other products would support the new players in the
market establishment.
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“Growing
awareness among the population about the age old practices and remedies to
combat health issues and degrading health is driving the growth of the India
neem extracts market. As a strong antiseptic agent, the neem extract was also
used in manufacturing of sanitizers and cleansing agent in the last two years,
and this led to the further substantial growth of the market. New market
players entering the market must invest in the research and development of the
age old remedies and science such that effective and efficient products can be
obtained. With increasing competition in the market, opting for collaborated
brand establishment would support new market players,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“India Neem Extracts Market By Type (Leaf Extract,
Fruit & Seed Extract, Bark Extract) By Application (Pharmaceuticals,
Nutraceuticals, Personal Care, Agriculture & Farming, Food & Beverages,
Others) By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future
growth potential of India Neem Extracts market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
India Neem Extracts market.
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