Canada Neem Extract Market Report, Industry Trends, Share, Size, Growth, Opportunities and Forecasts
Neem Extract Market – Overview
The qualities of neem are leading to its increased
incorporation in various product types globally. Reports that review the food,
beverage, and nutrition industry have been offered by Market Research Future,
which generates reports on industry verticals that evaluate the market
development and opportunities. The market is expected to gain a positive CAGR
in the course of the forecast period.
The global Neem
Extract Market size is expected to register a growth rate of 15.09% from 2023
to 2032 and reach USD 9.410 billion by 2032.
Canada
Neem Extract Market showcases significant growth potential driven by
the country's burgeoning natural health and wellness sector. Neem extract,
revered for its medicinal properties and eco-friendly nature, finds diverse
applications in Canada, ranging from skincare and haircare to pest control and
herbal medicine. With Canadians increasingly seeking alternatives to synthetic
chemicals and pharmaceuticals, neem extract emerges as a preferred choice for
its effectiveness and sustainability. Moreover, Canada's stringent regulations
and consumer demand for high-quality natural products further bolster the
market's growth. Thus, Canada stands as a key market for neem extract suppliers
seeking to cater to the country's growing demand for holistic health solutions.
The incremental use of neem in a variety of personal care
and pharmaceutical products is a crucial driving factor for the neem extract
market around the world. Moreover, its use in effectively reducing the
incidence of infestation, particularly in crops is expected to motivate the
neem extract market in the forecast period. Also, the increased government
regulations reducing the availability of chemical-rich products are expected to
increase the demand for natural ingredients like neem in the upcoming years.
Competitive Landscape:
The leverage created by the companies by deploying marketing
strategies and activities is further enhancing the expansion of the market. The
level of competitiveness of the environment in the market is expected to be
reasonable as there is ample scope for progress. The market is anticipated to
display positive signs for market growth in the approaching period. The
demographic changes are expected to show a positive effect on the progress of
the market. The surge in e-commerce activities is expected to motivate the
market in the upcoming years. The fiscal policies that are in effect in the
market are expected to lead to a robust pace of development. The enhancement of
production facilities is expected to motivate the market’s progress. The trade
liberalization in the market and technological developments are expected to
encourage the development of the market in the approaching years.
The notable players studied in Key Neem Extract
Market Players report are Neeming Australia Pty Ltd, P.J. Margo
Pvt. Ltd, Agro Extract Limited, E.I.D-Parry (India) Limited, Ozone Biotech Pvt
Ltd, GreeNeem Agri Private Limited, The Indian Neem Fortune Biotech Ltd, Parker
India Group, Tree Company, and, Bros India Group to name a few.
Segmentations:
The segmental evaluation of the neem extract market is
carried out on basis of by type, region, and application. Based on type, the
neem extract market is segmented into leaf extract, seed extract, and bark
extract. Based on the application, the neem extract market has been segmented
into animal feed, agriculture, personal care, and pharmaceuticals. The personal
care segment is estimated to grow significantly due to amplified awareness
among customers about the bad effects of chemical personal care products. On
the other hand, the agriculture segment is expected to hold a prominent share
among the diverse application segments for neem extracts in the forecast
period. Based on the regions, the neem extract market is segmented into the
Middle East, APAC, Africa, Europe, and North America.
Industry Updates:
May 2019 Colgate India has recently launched Colgate Strong
Teeth with new Amino Shakti while Colgate Zig Zag Neem toothbrush was also
launched with bristles infused with Neem extract.
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