India Neem Extracts Market Trend, Share, Growth, Size, Analysis and Forecast 2032

India Neem Extracts Industry Prospective:

India Neem Extracts market size was worth around USD 149.36 million in 2023 and is predicted to grow to around USD 199.57 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.27% between 2024 and 2032.

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India Neem Extracts Market: Overview

Neem extract is a plant oil with a yellow-brown color that is taken from the tree's bark, leaves, roots, flowers, fruits, and seeds. Being a potent antioxidant and antibacterial, it helps fight off free radicals, which lowers inflammation and gets rid of germs, viruses, and fungi. It also helps lower blood sugar levels, reduces the chance of leprosy, eye conditions, diabetes, skin and digestive system ulcers, and keeps plaque from building up in the mouth. Additionally, it is frequently applied to plants as fertilizer to protect them from illnesses and pests of the soil as well as an efficient pest repellent. To prevent skin allergies, dandruff, and lice, the extract is added to a variety of dental care products, including toothpaste, mouthwashes, and teeth powders, as well as cosmetics and hair care products.

Key Insights

• As per the analysis shared by our research analyst, the India Neem Extracts market is estimated to grow annually at a CAGR of around 3.27% over the forecast period (2024-2032).
• In terms of revenue, the India Neem Extracts market size was valued at around USD 149.36 million in 2023 and is projected to reach USD 199.57 million, by 2032.
• The growing demand from several end-use industries is expected to propel the market growth over the projected period.
• Based on the type, the leaf extracts segment is expected to dominate the market over the forecast period.
• Based on the application, the agriculture & farming segment is expected to capture the largest market share over the forecast period.
• Based on the region, North India is expected to dominate the market over the projected period.

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India Neem Extracts Market: Growth Drivers

Increasing utilization of neem extracts in bio-based agriculture products drives market growth

The India neem extracts market is growing primarily due to the growing application of neem extract in agricultural activities. The widespread use of chemical pesticides and fertilizers has led to growing worries about the environment. Among Indian farmers' most favored biopesticides, neem is environmentally benign and biodegradable. Indian farming has always employed the neem tree and its byproducts. Agriculture uses neem extract extensively as a natural soil conditioner and organic fertilizer. Further uses for it include biofungicides, bioinsecticides, and bioherbicides. This is so that plants are protected from different synthetic insecticides by neem oil and extracts, which are sustainable forms of pest management. Because of the increased crop yield, the Indian neem extracts market is growing faster.

India Neem Extracts Market: Restraints

Competition from synthetic alternatives impeding the market growth

Neem extracts compete with synthetic substitutes in certain markets, where the former may provide comparable or even better advantages at a cheaper cost. Expanding the market may be hampered by the need to persuade customers and companies of the long-term benefits of neem-based products, such as sustainability and environmental friendliness, over synthetic substitutes.

India Neem Extracts Market: Opportunities

Growing public awareness of health issues and a move toward healthier options offers an attractive opportunity for market growth

The production of dietary supplements frequently uses neem extract. Supplemental dietary neem extracts help control blood sugar, blood pressure, weight, prevent disease, and recuperate from exercise. It comes in powdered, liquid, and capsule form. Consumption of dietary supplements has been rising recently, and the industry is anticipated to expand rapidly in the near future. The sales of dietary supplements as healthy substitutes for prescription drugs are being impacted by the increase in consumer health consciousness. Thus, this is expected to offer a lucrative opportunity for market growth over the anticipated timeframe.

India Neem Extracts Market: Challenges

Limited awareness poses a major challenge to market expansion

Despite the extensive historical knowledge regarding neem's advantages, businesses and consumers are still unaware of all of its possible uses. The market demand may be increased by informing businesses and customers about the benefits of neem extracts and the best ways to use them in a variety of goods. Thus, the limited awareness regarding the benefits of neem extracts might be a major challenging factor for market growth.

India Neem Extracts Market: Segmentation

India Neem Extracts industry is segmented based on type, application and region.

Based on the type, the India Neem Extracts market is bifurcated into leaf extract, fruit & seed extract and bark extract. The leaf extract segment is expected to dominate the market over the forecast period. Neem leaf extracts are widely used as ingredients in personal care and cosmetic products due to their well-known anti-inflammatory, antibacterial, and antifungal properties. Neem leaf extracts' revenue growth in the beauty market is being driven by consumers' rising awareness of the components in their skincare and haircare products, which has led to a growing demand for natural and herbal formulations.

Based on the application, the India Neem Extracts industry is segmented into nutraceuticals, pharmaceuticals, personal care, agriculture & farming, food & beverages and others. The agriculture & farming segment is expected to capture the largest market share over the forecast period. In India, organic agricultural methods are becoming more popular as worries about the negative effects of synthetic fertilizers and pesticides on the environment and human health have grown. Neem extracts are well-liked for managing organic pests and diseases because of their inherent fungicidal, insecticidal, and nematicidal qualities. Neem extracts have become more and more popular in agriculture, partly due to the growing use of organic farming methods.

India Neem Extracts Market Report Scope

Region Analysis

North India is expected to dominate the market over the forecast period

North India is expected to dominate the market over the forecast period. In North India, organic farming and sustainable agricultural practices are gaining popularity due to consumer desire for healthy, chemical-free food items and environmental concerns. Since neem extracts offer a natural alternative to synthetic fertilizers, pesticides, and soil amendments, they are crucial parts of organic agriculture systems. Farmers are turning to organic agricultural methods for crop nutrition, soil enrichment, and insect control, which is driving up demand for neem extracts. Furthermore, through the implementation of several initiatives and incentives, the Indian government has promoted the use of neem-based products in agriculture, particularly in North India. Neem Coating of Urea (NCU) and other initiatives have offered financial incentives for the production and use of neem products for crop protection and soil health management. Government support has helped to expand the market and has been crucial in increasing farmers' knowledge and acceptance of neem extracts in the region.

India Neem Extracts Market: Competitive Analysis

India Neem Extracts market is dominated by players like:

• Patanjali
• E.I.D Parry (India) Limited
• P.J. Margo Pvt. Ltd.
• Agro Extract Limited
• Ozone Biotech Pvt. Ltd.
• GreeNeem Agri Private Limited
• Fortune Biotech Ltd.
• The Indian Neem Tree Company
• Bros India group

India Neem Extracts market is segmented as follows:

By Type

• Leaf Extract
• Fruit & Seed Extract
• Bark Extract

By Application

• Nutraceuticals
• Pharmaceuticals
• Personal Care
• Agriculture & Farming
• Food & Beverages
• Others

By Region

• North India
• East India
• West India
• South India