Research and Markets has announced the addition of the " World Neem Extract Market - Opportunities and Forecast, 2015 - 2022 " report to their offering.
The world neem extract market is expected to generate a revenue of $2.04 billion by 2022, with a CAGR of 17.4% from 2016 to 2022. In 2015, Asia-Pacific was the highest revenue-generating region, accounting for 51.8% share of the overall neem extract market revenue. In the same year, the agriculture segment occupied a prominent share among the different application segments.
Increased R&D and study in the field of neem has resulted in growing awareness about the efficacy of different parts of a neem tree, thus making it an important ingredient in several organic food and cosmetics products. Based on application, the world neem extract market is categorized into agriculture, personal care, pharmaceutical, and animal feed. In 2015, the personal care segment contributed approximately 1/7th of the overall neem extract market revenue and is estimated to grow at a CAGR of 19.6% during the forecast period.
The growth is primarily attributed to increased awareness among consumers about the adverse effects of chemical-based personal care products, leading them to shift towards organic products. Pharmaceutical segment, which accounted for around 8.9% market share in 2015, is expected to witness a double-digit growth over the analysis period, owing to growing inclination of consumers toward Ayurveda and natural treatment of diseases without any side effects.
Companies Mentioned:
- Agro Extracts Limited
- Bros India Group
- E.I.D Parry India Ltd
- Fortune Biotech Ltd
- Gramin India Agri BusiNest
- Neeming Australia Pty Ltd
- Ozone Biotech
- PJ Margo Pvt Ltd.
- Parker India Group
- The Indian Neem Tree Company
Report Structure:
Chapter: 1 INTRODUCTION
Chapter: 2 EXECUTIVE SUMMARY
Chapter: 3 MARKET OVERVIEW
Chapter: 4 WORLD NEEM EXTRACT MARKET BY APPLICATION
Chapter: 5 WORLD NEEM EXTRACT MARKET BY GEOGRAPHY
Chapter: 6 COMPANY PROFILES
For more information visit http://www.researchandmarkets.com/research/n9j4d9/_world_neem
View source version on businesswire.com: http://www.businesswire.com/news/home/20160609005838/en/
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