Zion Research has published a new report titled “Neem Extract Market for Pharmaceutical, Personal Care, Agriculture, Animal Feeds and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, the global neem extract market was accounted for USD 721.3 million in 2015 and is expected to reach USD 1,882.9 million by 2021, growing at a CAGR of around 17.3% between 2016 and 2021.
Neem is an ideal ingredient in various products due to its manifold medicinal properties. Neem trees are versatile in nature and grow in tropical and semi-tropical regions. Neem extracts are made from leaves, bark and neem seed. Neem extracts are used in various application sectors including pharmaceutical, agriculture, personal care and animal feeds.
Request Sample Report https://www.zionmarketresearch.com/sample/neem-extract-market
Neem is becoming popular as an effective bio-fertilizer and bio-pesticide. Increasing awareness regarding the side effects of the synthetic chemicals in agricultural field is the major factor driving the neem extract market growth. Governmental regulation coupled with the versatility of the plant is expected to contribute impulse growth to the neem extract market. Growing demand for herbal cosmetic and pharmaceutical products is expected to boost the growth of neem extract market in coming years. However, decreasing neem plantation and lack of availability of raw material in developed countries is expected to have an adverse impact on neem extract market growth. Nonetheless, rising preference towards organic food is expected to offer new opportunities to the major participants during the coming years.
Read Report TOC: https://www.zionmarketresearch.com/toc/neem-extract-market
Based on applications, the global neem extract market is bifurcated into pharmaceuticals, agriculture, personal care, animal feed and other. Agriculture was leading application segment of global neem extract market and expected to maintain its dominance throughout the forecast period. It accounted for over 72% share of the entire market in 2015. Moreover, personal care segment experienced significant growth in past few years due to the growing awareness of chemical-based personal care products such as soaps, shampoos, and cosmetics. The pharmaceutical segment accounted for around 8.7% market share in 2015 and expected to have significant growth due to the rising preference towards Ayurveda and natural treatment of diseases.
Asia-Pacific was the largest market for neem extract market in the world due to the huge agriculture area. It accounted more than 58% of market share in terms of revenue in 2015. Presently, India is the largest producer and exporter of neem extracts products across the globe. Due to the stringent government regulation over chemical fertilizers in western countries, demand for neem extract is expected to boost in Europe and North America.
Browse detail report at: https://www.zionmarketresearch.com/report/neem-extract-market
Companies in the neem extract market are majorly located in Asia Pacific. E.I.D Parry India Ltd., Gramin India Agri Businest, PJ Margo Pvt. Ltd, Neeming Australia, Ozone biotech, Prithvi exports, Agro extracts limited and Parker India group among others are some of the leading profiles in the neem extract market.
Do Inquiry before https://www.zionmarketresearch.com/inquiry/neem-extract-market
Zion Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Market Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Market Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
Zion Market Research
4283, Express Lane,
Sarasota, Florida 34249, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651