Published Date : Mar 09, 2016
Neem, also known widely by the name of Azadirachta indica is a tree, native to India and its subcontinents. Products that have been made using neem tree in India dates back to over two millennia owing to its medicinal properties. There are several benefits of using the neem extracts due to which the global neem extracts market has been gaining traction since the last few years. The increasing demand for neem extracts in several parts of the world is fueling the growth of the overall neem extracts market. Some of the major applications of the neem extracts are:
Among all the applications, the chemicals and fertilizers segment accounts for the highest share in the overall market, owing to the growing demand for bio-pesticides and bio-fertilizers. Furthermore, the personal care segment is projected to witness a high growth rate in the global neem extracts market.
Some of the major medicinal uses of neem extracts are anti-inflammatory, antiarthritic, skin diseases, hypoglycemic, antigastric ulcer, spermicidal, antifungal and insecticide, diuretic, antibacterial, antimalarial, reducing the risk of cancer, and weight loss. All these factors have been the reasons for the tremendous demand for neem extracts in the personal care segment, leading to the growth of the overall neem extracts market in the next few years.
Several countries in Europe such as France, Italy, Germany, Spain, and the United Kingdom are estimated to witness a significant growth in the manufacturing process of organic and natural products. In addition, all these countries have been undertaking organic farming on a very large scale if compared to all the other countries across the globe. The increasing awareness regarding the health benefits of neem extracts is expected to surge its use in the personal care segment at a fast pace, followed by the pharmaceuticals segment.
Some of the major players operating in the global neem extracts market are PJ Margo Pvt. Ltd., Parker Biotech Pvt. Ltd., ., Gramin India Agri Businest, Fortune Biotech Ltd., Greeneem Agri (P) Ltd., Agro Extracts Limited, Neeming Australia Pvt. Ltd., Ozone Biotech, E.I.D Parry India Ltdand Prithvi Exports.