DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Neem Extracts Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2015-2022" report to their offering.
Neem extracts are active ingredient of neem in concentrated form. Neem is a versatile plant, which can give us many valuable products, and its health benefits are known for centuries. Nowadays seed, leaf, bark extracts of the neem plant are available in the market, and are in huge demand.
Commercially available extracts from seed, leaf and bark of neem plants find application in pharmaceutical and agricultural industry besides many others. Earlier the application of neem extracts was more localized, attributed to the traditional knowledge of sub-urban people, but as people became more aware of its variety benefits, industrialization of this product began.
Global neem extracts market finds wide application in industries such as pharmaceuticals, agriculture, bio pesticides, fertilizers, health & personal care, nutraceuticals, personal care and animal products such as animal feed, pet care.
Increasing awareness about health benefits of neem coupled with no side effects is promoting the growth of global neem extracts industry. The pharmaceutical industry is the biggest end user of the global neem extracts market. After pharmaceuticals, which is one of the largest end-user of neem extracts, is in the agricultural market.
Owing to increased raw material prices and harmful effects of fertilizers their usage is declining and this is in turn promoting the shift to bio-fertilizers, hence indirectly promoting the neem extracts market. However, the absence of quality raw materials, high prices of neem extracts, huge gap in the supply-demand and the absence of a suitable technology to promote cheaper production of neem extracts are serving as constraints to the growth of this market.
Nevertheless, research is been carried to find more economical ways of producing neem extracts; this can really support the growth of this market. Moreover, the governments of developing nations, in particular India and China are trying their best to promote the growth of this market.
Asia-Pacific leads the global neem extracts market in terms of both demand and production followed by Europe.
The key players in global neem extracts market include EID Parry India Ltd, Agro Extracts Ltd., Parker Biotech Pvt. Ltd. Neeming Australia Pvt. Ltd, PJ Margo Pvt. Ltd., Ozone Biotech, Gramin India Agri BusiNest and Greeneem Agri Pvt. Ltd.
For more information visit http://www.researchandmarkets.com/research/nmndkb/global_neem