The global market for neem products has witnessed massive traction in the recent years, thanks to the rising awareness regarding their benefits over products with synthetic substances, especially in areas such as pharmaceuticals, skincare, oral care, and fertilizers. The rising set of applications of neem is also boding well for the global market for neem products.
This report presents a thorough account of the past and present growth dynamics of the global neem products market. An informed way to understand the growth prospects of the market in the next few years is also presented in the report. The report does so with the help of detailed quantitative as well as qualitative insights regarding all critical aspects of the market, historical data, and verifiable predictions about the potential size of the market in the next few years. The projections in the report have been derived with the help of industry-best research methods, assumptions, and inputs from industry experts.
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Global Neem Products Market: Trends and Opportunity
The vast rise in demand for anti-ageing products formulated with the help of organic components and changing lifestyles have chiefly contributed to the overall development of the global neem products market in the recent years. The market has also significantly benefitted from the increase in numbers of retail stores selling organic products and the establishment of a strong retail network in promising regional markets.
Increased global awareness regarding the vast benefits of neem-based pesticides over chemical pesticides in terms of reduced toxicity, no residue on plants or soils, and a better scope of managing all varieties of pests are also working in favor of the global neem products market. Increased demand for natural pesticides owing to the rising uproar regarding ill-effects of chemical pesticides on the soil and human health and encouragement from environment-protection agencies could also benefit the market in the next few years.
Global Neem Products Market: Segmentation
The report segments the global neem products market based on criteria such as application, form, and region. The key applications of neem products examined in the report include dietary supplement, skin care, oral care, hand care, and insect repellent and pesticides. Of these, the segments of skin care and insect repellent and pesticides are proving to be highly lucrative and are expected to remain so over the forecast period owing to the vast rise in demand for natural products in these fields. On the basis of form, the report segments the global neem products market into liquid, semi-liquid, and powder.
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Global Neem Products Market: Regional Analysis
The report presents an analysis of the market’s growth dynamics across regions such as North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, Asia Pacific emerged as the leading regional market, chiefly owing to the high concentration of some of the most prominent players with good export potential. Factors such as the steady rise in retail sales owing to the rising population in the region and demand for organic cosmetic skin care products are also working in favor of the regional market. The region is expected to remain one of the key contributors to the global neem products market owing to its high production capacity and massive in-house consumption.
Global Neem Products Market: Competitive Dynamics
The market features a large number of companies concentrated mostly in Asia Pacific owing to conducive weather. The report presents a comprehensive assessment of the vendor landscape of this highly competitive market. Some of the leading companies in the market are Neem Aura Naturals, Terramera, Inc., Organeem LLC, Certis USA LLC., and Organix South Inc.
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