Global Neem Extract Market Revenue, Opportunity, Forecast and Value Chain 2012 – 2022
The Neem Extract Market is
booming due to the growing interest of people towards bio-based products. Neem
extract is an import-led market, mostly dependent on exports from the Asian
countries such as India. The key importers from India are U.S., Vietnam, North
Korea, Spain, and Italy. Globally neem extract is used in three broad
application areas, including agriculture, health and personal care, and animal
products; where agriculture dominated the market in 2015.
Based
on product type, the market is categorized into seed extract, leaf extract and
bark extract, where seed extract segment witnessed highest sales in 2015. The
neem extract market is highly fragmented with very small-sized players who do
not have a fix channel for international sales, except online marketplace.
Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/neem-extract-market/report-sample
The
global neem extract market is expected to grow at a CAGR of 16.3% during 2016 -
2022. Among the various segments, seed extract dominated the global neem
extract market in 2015.
Explore Report Description With
Detailed TOC at:
https://www.psmarketresearch.com/market-analysis/neem-extract-market
China
and India are the other major countries in the region using neem extract based
farm products. In 2016, Indian Farmers Fertilizer Cooperative Limited (IFFCO)
announced a scheme under which the organization will purchase neem tree fruits
from farmers to increase the production of bio based fertilizers in the
country. IFFCO itself has planted about 150,000 neem saplings in the recent
years. The Indian government has also made it mandatory to produce neem coated
urea.
The
major companies operating in the global Neem Extract market include E.I.D.
Parry (India) Limited, Neeming Australia Pty Ltd., 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. Other key
players include Certis USA LLC, Bayer AG, American Vanguard Corporation,
Terramera Inc., and Grupo Ultraquimia and Bioneem Technology Industria e
Comercio Ltda.
Comments
Post a Comment