The Neem Extract market is anticipated to grow with a CAGR of 14.7% over the forecast period of 2019-2028. Neem is a type of evergreen tree that is native to India. In the ayurvedic system of medicine, neem extract has long been used for various health-related purposes. Neem seeds are a rich source of fatty acids and proteins but remain primarily unexploited because of the presence of bitter, toxic principles. If the bitters are often substantially reduced, then the toxicity of neem parts is often overcome, and its going to be utilized as a superb nutraceutical. Its bioactivities, mammalian safety, and eco-friendly temperament are quite encouraging to prospect its bright future in nutraceuticals. Its bioactivities, mammalian safety, and eco-friendly character are quite promising to prospect its bright future within the field of nutraceuticals. Various health benefits of neem extract and its applications in cosmetics are expected to drive the market widely. Moreover, the increasing inclination of people towards natural products is also a primary driver for the market.
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Top Driver: Increasing Application of Neem Extract in Medicine and Cosmetics is Propelling the Market Growth
The Neem Extracts are widely used in the field of medicine for various purposes such as antimicrobial, antipyretic, antimalarial, antioxidant, contraceptive, anticarcinogenic, anti-inflammatory, and others. Such huge applications of neem, especially in the ayurvedic system of medicine, could fuel the market growth extensively in the forecast period. Various such medical applications of neem have influenced a lot of medical practitioners to recommend neem-based medicine. Various pharmaceutical companies are investing in research and development to develop innovative medicinal products that are expected to drive the market widely in the future. It is also used in the agricultural sector as pesticide and insecticide fueling the market growth.
Biofertilizers Segment Accounted for the Largest Market Share in the Market
Based on Application, the market is segmented into Biofertilizer, pharmaceutical industry, personal care, and others. The biofertilizers market is expected to hold the largest market share. The use of chemical fertilizers is controlled by stringent government regulations since chemical fertilizers are quite harmful to health. Therefore neem extract is in great demand as a biofertilizer. The pharmaceutical industry accounted for the second-largest share owing to various health benefits of neem extract.
The Asia Pacific is Dominating the Market and Shows Steady Growth
The Asia Pacific region is expected to grow widely in the forecast period owing to various reasons such as favorable climate for neem production, availability of raw material, and rising agricultural activities across the region. Although, even with such a huge presence of aw material, the lack of advanced technology to obtain neem extract may be a major restraint for the market. Moreover, regions such as North America and Europe do not have a favorable condition for the production of neem, and hence key players are unable to establish themselves in such a region due to the high cost of inventory.
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Players to Focus on Expanding Applications in the Agriculture Industry
The global Neem Extract market is expected to grow with a significant CAGR due to the presence of various companies including Fortune Biotech, Agro Extracts Limited, E.I.D. Parry, PJ Margo, Ozone Biotech, Trifolio-M GmbH, Parker Biotech, Gramin India AgriBusiNes, Bros India Group, Neeming Australia Pvt. Ltd, and others are developing new products to drive the market growth. The companies are trying to set themselves in fragments so as to increase sales, especially in the APAC region. Moreover, increasing application on neem extract and ongoing research activities are expected to produce opportunities for new entrants in the market.
Bajaj Consumer Care: Recently, in May 2020, Bajaj Consumer Care announced that they have entered into the personal hygiene segment with the launch of their new hand sanitizer product. The new hand sanitizer, called Nomarks, includes 70% alcohol and aloe vera and neem extracts.
Scope of the Report
By Application
• Biofertilizers
• Pharmaceutical Industry
• Personal care
• Others
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders a definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.

TABLE OF CONTENT
Chapter 1 Overview And Scope
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
Chapter 2 Our Research Practice
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
Chapter 3 Executive Summary
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
Chapter 4 Covid-19 Impact Analysis
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis

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