The Neem Extract Global Market Report 2023, provides comprehensive information on the neem extract market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global neem extracts market size is expected to grow from $2.36 billion in 2022 to $2.66 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The global neem extracts market size is expected to reach $4.29 billion in 2027 at a CAGR of 12.7%.
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Product innovations are a key trend gaining popularity in the neem extract market. Major companies operating in the neem extract market are developing new products to sustain their position in the market. For instance, in May 2021, Nisarga Biotech Pvt. Ltd., an India-based biotechnology business, launched Nisarga Neem Capsules, a successful preventative treatment for COVID-19. The study was peer-reviewed and approved by the Journal of Alternative Therapies in Health and Medicine in the United States, and it is listed as legitimate, authentic original research on the US government website PubMed. The clinically validated and patented Neem pills use the ancient herb’s anti-inflammatory characteristics to promote the body’s natural immune response and disease resistance. This product enhances immunity and functions as a cleanser and blood purifier for general health.
The neem extract market is segmented:
1) By Type: Leaf Extract, Fruit And Seed Extract, Bark Extract
2) By Formulation: Dry, Liquid
3) By Application: Food And Beverages, Pharmaceutical, Nutraceutical, Personal Care And Cosmetics, Agriculture And Farming, Other Applications
Asia-Pacific was the largest region in the neem extract market in 2022.
The table of contents in TBRC’s neem extract market report includes:
1. Executive Summary
2. Neem Extract Market Characteristics
3. Neem Extract Market Trends And Strategies
4. Neem Extract Market – Macro Economic Scenario
5. Neem Extract Market Size And Growth
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26. Africa Neem Extract Market
27. Neem Extract Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Neem Extract Market
29. Neem Extract Market Future Outlook and Potential Analysis
30. Appendix
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