A new report by Reports and Data has projected that the global Leaf Neem Extracts Market will achieve a value of USD 3,461.7 million by 2027. The market growth is expected to be driven by the rising awareness among consumers in developing economies of the health benefits associated with neem. Neem extract products are extensively used in the agriculture, food and beverage, personal care, and pharmaceutical industries. The growing consciousness among farmers of the harmful effects of chemical fertilizers and pesticides on plant growth and agricultural productivity has led to an increased demand for neem-based pesticides and fertilizers. The market is also expected to benefit from the growing investments made by established herbal companies in the production of high-quality herbal cosmetics. As herbal cosmetics are of higher quality and possess beneficial medicinal properties, the demand for bio-based personal care products is expected to exceed that of chemical-based products
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Top Companies Operating in the Global Leaf Neem Extracts Market Report:
E.I.D. Parry India Ltd., Agro Extracts Limited., Parry America, Ozone Biotech, Trifolio-M GmbH, PJ Margo Pvt. Ltd., Neeming Australia Pvt. Ltd., The Indian Neem Tree Company, Phyto Life Sciences P. Ltd., and Green Earth Products Pvt. Ltd.
Major Driving Factors for Leaf Neem Extracts Market:
· Growing awareness about the benefits of neem extracts: Neem extracts have a wide range of applications, including in cosmetics, healthcare, and agriculture. The increasing awareness about the benefits of neem extracts, such as their antibacterial, antiviral, and antifungal properties, is driving the demand for these extracts.
· Increasing demand for organic and natural products: The rising consumer demand for organic and natural products is fueling the growth of the Leaf Neem Extracts Market. Neem extracts are widely used in the production of organic and natural products, including cosmetics, skincare, and personal care products.
· Government support: Many governments around the world are promoting the use of natural and organic products, which is boosting the demand for neem extracts. In addition, government initiatives aimed at promoting sustainable agriculture practices are also contributing to the growth of the Leaf Neem Extracts Market.
· Growing demand for biopesticides: Neem extracts are widely used as biopesticides in agriculture. With the increasing demand for sustainable and environmentally friendly agriculture practices, the demand for neem extracts as biopesticides is expected to grow significantly.
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The global Leaf Neem Extracts Market is segmented into:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type Outlook (Revenue, USD Million; 2017-2027)
- Leaf Extract
- Fruit and Seed Extract
- Bark Extract
Application Outlook (Revenue, USD Million; 2017-2027)
- Biofertilizers
- Pharmaceuticals
- Animal Feed
- Personal Care
- Others
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