Nature's Elixir: Neem Oil Market Research 2023-2029

Posted 2023-09-18 06:53:07

Neem Oil Market size was valued at USD 1.82 Bn in 2022 and Neem Oil Market revenue is expected to reach USD 5.12 Bn by 2029, at a CAGR of 14.3 % over the forecast period (2023-2029).

Neem Oil Market Overview

The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Neem Oil Market.

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Neem Oil Market Report Scope and Research Methodology

The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Neem Oil market.

Neem Oil Market Regional Insights

A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.

Neem Oil Market Segmentation

With a market share of 47.5% in 2022, the leaf extract sector will rule the plant extract industry. The market for leaf extracts was worth USD 1.5 billion in 2022, and from 2023 to 2029, it is anticipated to grow at a CAGR of 14.8%. The market is expected to expand because of rising demand from several end-use sectors, including personal care, pharmaceuticals, animal feed, and agriculture. Leaf extracts are abundant in antioxidants, vitamins, and minerals, which have a variety. Additionally, growing consumer awareness of neem's health benefits, particularly in developed countries, is anticipated to fuel market expansion throughout the projection period.

In 2022, the pharmaceutical sector will control a large portion of the world market for neem oil. The segment's expansion is impacted by the rising demand for prescription pharmaceuticals and other medications. Due to rising consumer demand for processed foods and drinks, as well as the growing popularity of personal care products, which in turn is boosting demand for the neem oil used in their manufacturing, the food industry is another important driver of market expansion.

Neem Oil Market Size and Forecast, by Type (2022-2029)
1. Leaf Extract
2. Seed Extract
3. Bark Extract
Neem Oil Market Size and Forecast, by Application (2022-2029)
1. Pesticides/agriculture
2. Personal care
3. Animal products
4. Pharmaceuticals
5. Pharmaceutical Industry
6. Food Industry
Neem Oil Market Size and Forecast, by Form (2022-2029)
1. Crude Neem Oil
2. Cold-Pressed Neem Oil
3. Neem Oil Extract
Neem Oil Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Neem Oil Market Key Players

1. PJ Margo Private Limited
2. Agro Extracts Limited
3. Fortune Biotech Ltd
4. GreeNeem Agri Private Limited
5. Manorama Industries Limited
6. Neem India Products Pvt. Ltd.
7.Ozone Biotech
8. Neeming Australia
9. NOW Foods
10. Fortune Biotech Ltd.
11. SUN BIONATURALS (INDIA) PRIVATE LTD.
12. Banyan Botanicals
13. Group Velocity LLC.
14. Parry's BIO
15. United Industries Corporation
16. Murugappa Group
17. The Velocity Group
18. Agro Extracts Limited
19. Certis USA LLC
20. E.I.D. Parry
21. PJ Margo Pvt. Ltd.

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Key questions answered in Neem Oil Market are:

What is the Neem Oil market size of the dominating region?
What was the Neem Oil market size in 2022?
What is the expected Neem Oil market size by 2029?
What is the growth rate of the Neem Oil Market?
Which are the factors expected to drive the Neem Oil market growth?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size Forecast by different segment | 2022−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective