Research Report on Neem Extract Market, 2013 – 19

Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Neem Extract Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure. Neem extract is made from fruits, seeds and leaves of neem plant. The extraction process involves various physical and chemical processes. Azadirachtin is active compound in neem extract which has insecticidal properties. Neem extract has applications in pesticides, animal care, agriculture, cosmetics, lubricant and medicines. Neem plantations are present mostly in South Asian countries and some parts of Africa.

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Demand from bio- based fertilizers and pesticides are expected to drive the neem extract market. Backlash of chemical pesticides owing to environmental regulations has boosted the demand for bio based pesticides. Chemical fertilizers and pesticides has harmful effect on soil and all living organisms which makes neem based products ideal for these applications. Medicinal and pharmaceutical applications are expected to escalate the market growth owing to increasing demand of organic products. However, constant supply of neem is expected to hamper the market growth, as neem plantations are limited to South Asian countries. Demand from cosmetic industry is expected to provide immense opportunities for industry participants in the coming future.

Asia-Pacific was the largest producer and consumer of neem extract followed by Europe. Demand of neem extract cakes in fertilizers is expected to drive the market in China, India and Japan. Large agricultural lands and availability of raw materials are some of the major driving factors for Asian market. Stringent regulations on pesticides and shift from chemical compounds to organic compounds are fueling the market growth in...