PUBLISHER: The Business Research Company | PRODUCT CODE: 1676048
PUBLISHER: The Business Research Company | PRODUCT CODE: 1676048
Neem extract is derived from the neem tree, a medicinal plant known for the diverse utility of its leaves, blossoms, seeds, fruit, roots, and bark in addressing various health issues. Neem extract is applied to treat a range of conditions such as skin diseases, septic sores, and infected burns. Its medicinal properties extend to addressing digestive ailments, liver troubles, dental issues, infections, skin concerns, hair problems, and microbial infestations.
Primary types of neem extract comprise leaf extract, fruit extract, and seed extract, along with bark extract. Neem leaf extract is derived from the leaves of the neem tree, commonly found in tropical climates. Formulations of neem extract can be dry or liquid, and they find application in diverse sectors such as food and beverages, pharmaceuticals, nutraceuticals, personal care, cosmetics, agriculture, farming, and other areas.
The neem extracts market research report is one of a series of new reports from The Business Research Company that provides neem extracts market statistics, including neem extracts industry global market size, regional shares, competitors with a neem extracts market share, detailed neem extracts market segments, market trends and opportunities, and any further data you may need to thrive in the neem extracts industry. This neem extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The neem extract market size has grown rapidly in recent years. It will grow from $3.02 billion in 2024 to $3.4 billion in 2025 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to traditional medicinal uses, natural pest control in agriculture, skin care and cosmetics industry demand, increasing awareness of neem's health benefits, environmentally friendly biopesticides.
The neem extract market size is expected to see rapid growth in the next few years. It will grow to $5.68 billion in 2029 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to rising demand in personal care products, continued growth in organic farming, expansion in nutraceuticals industry, government initiatives supporting herbal products, emergence of neem-based functional foods. Major trends in the forecast period include research and development for new applications, expanding applications in healthcare, growing demand in agriculture, increasing awareness of herbal remedies, regulatory support for natural products.
The rising demand for organic products is anticipated to drive the growth of the neem extract market in the coming years. Organic products are those made solely with natural ingredients, free from artificial chemicals, hormones, antibiotics, or genetically modified organisms (GMOs). Neem extract is used across various industries, including agriculture, personal care, pharmaceuticals, and animal feed, due to its unique antibacterial and antifungal properties, making it an ideal ingredient for a range of organic and natural products. For example, U.S. sales of certified organic products reached a record high of $69.7 billion in 2023, a 3.4% increase from the previous year, as reported by the 2024 Organic Industry Survey from the Organic Trade Association (OTA). Consequently, the increasing demand for organic products is supporting the growth of the neem extract market.
The expanding cosmetics industry is expected to boost the growth of the neem extract market. This industry involves the production, marketing, and sale of products aimed at enhancing and beautifying the appearance of the human body. Neem extracts in cosmetics contribute natural and therapeutic benefits, providing a natural solution to various skin concerns. For instance, Indonesia's beauty industry has seen rapid growth in recent years, presenting significant opportunities for global companies. In 2023, the industry grew by 5%, with projections of further growth to 9% by 2026. The cosmetics and personal care products sector also experienced a 14% growth in 2022, with an expected average annual growth rate of 4.5% from 2024 to 2027. Therefore, the expanding cosmetics industry is driving the growth of the neem extract market.
Product innovations are emerging as a prominent trend in the neem extract market. Leading companies in this sector are introducing new products to maintain their competitive edge. For example, Ozone Biotech, a neem product manufacturer based in India, launched a new line of neem-based bio-pesticides in 2022. These products offer farmers a natural, chemical-free alternative to conventional pesticides, meeting the increasing demand for sustainable agricultural solutions. Developed using advanced extraction technologies, these bio-pesticides are designed to ensure greater effectiveness.
Prominent companies in the neem extract market are actively investing in research and development to explore neem-based solutions, aiming to sustain their positions in the market. Research and development efforts play a pivotal role in unlocking the potential of neem extract, fostering innovation, enhancing product quality, and expanding markets on a global scale. A noteworthy example is the University of Ghana, a Ghana-based public university, which conducted a research dissemination workshop in October 2023. This workshop, organized by ARPPIS at the University of Ghana, focused on neem-based solutions for cultivating healthy vegetables, with a specific emphasis on promoting safe vegetable production. The event provided a valuable platform for diverse stakeholders, shedding light on the significance of neem-based solutions in fostering sustainable and safe vegetable farming practices in Ghana.
In January 2022, Indorama India Private Ltd., a chemical firm based in India, successfully completed the acquisition of Indo Gulf Fertilizers from Grasim Industries Limited, with the transaction amount remaining undisclosed. This strategic acquisition positions both entities to offer a comprehensive range of agricultural products to farmers, encompassing urea, phosphate fertilizers, potash, soil health solutions, seeds, and crop protection items. Through this integration, Indo Gulf Fertilizers, an India-based company specializing in the production of neem extracts derived from the Azadirachta Indica tree, becomes an integral part of Indorama India. The acquisition not only enhances product offerings but also strengthens the companies' ability to provide holistic solutions to the agricultural sector.
Major companies operating in the neem extract market include Reddy International, Neeming Australia Pty Ltd., Bros India Group, Gramin India Agri BusiNest, Agro Extracts Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Ozone Biotech, PJ Margo Pvt Ltd., Trifolio-M-GmbH, GreeNeem Agri Pvt Ltd., Neem India Products Pvt Ltd., Phyto Life sciences Pvt Ltd., Green Earth Products Pvt Ltd., Ichimaru Pharcos Co Ltd., Greenchem Biotech, Sunrise Agriland Development & Research Pvt Ltd., Unjha Ayurvedic Pharmacy, Herbo Nutra Extract Private Limited, APEX INTERNATIONAL, MRIDA GREENS & DEVELOPMENT PRIVATE LIMITED, YAXON BIOCARE Pvt Ltd., AYUSH HERBALS & HEALTHCARE PRIVATE LIMITED, Herbal Creations, Cymbio Pharma Pvt Ltd, Truzt Organic.
Asia-Pacific was the largest region in the global neem extracts market in 2024. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the neem extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the neem extract market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The neem extract market consists of sales of nanoparticle, azadirachta indica, azadirachtin, achene, neem oil, and nematode. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Neem Extract Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on neem extract market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for neem extract ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The neem extract market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.