India Neem Extracts Market : Predicted Rapid Growth With Trends
Awareness of Ayurveda drives the growth of India's 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.
The Important Elements of India Neem Extracts Market
India's Neem Extracts market owes its growth to the factors like a rising adaptation of the neem extract for the production of various pharmaceutical products, nutraceuticals, cleaning agents, etc. Moreover, the demand for herbal and organic consumer goods is also supporting the growth of the market in the upcoming five years. Additionally, the advantages of neem extracts are supporting the market growth along with the rising consumer inclination toward using products based on neem extracts.
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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 demand for personal care products with neem extract as the main ingredient of the commercial product. Research and technological advancements have made it possible for experts to provide the goodness of neem in personal care products like soaps, body washes, shampoo, facial kits, and others.
The 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 the fastest growing CAGR growth in the next five years on account of increasing demand for 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 Indian neem extract market in recent years. The agriculture & farming sub-segment is expected to register significant growth in the upcoming five years on the grounds of surging demands for herbal and organic pesticides and fertilizers. Growing concerns among the farmers as well as the government initiatives against environmental degradation is further substantiating the growth of the India neem extracts market in the future five years of the 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 the 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 the best source of all the beneficial elements over fruit, seed, and bark extracts. Additionally, extracting the neem extracts from the leaves is easier and more 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 eatables, pharmaceuticals, and organic drink products. The surge in the demand for 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 Indian neem extracts market
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 in 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 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 used 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 the manufacturing of sanitizers and cleansing agents in the last two years, and this led to further substantial growth of the market. New market players entering the market must invest in the research and development of 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 make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India Neem Extracts market.
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