Growth in research and development activities is expected to drive the India Neem Extracts Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “India Neem Extracts Market– By Region, Competition, Forecast and Opportunities, 2020-2030”, the India Neem Extracts Market was reached USD 153.60 million by 2024 and is anticipated to project significant growth to reach USD 153.60 million in 2030 with a CAGR of 4.15%.
Government initiatives focused on neem extracts have significantly contributed to creating favorable market conditions for the India Neem Extracts Market. These initiatives encompass various factors that have propelled the growth of neem extract products. A pivotal step taken by the government involves the promotion of biopesticides derived from neem. The Central Insecticide Board & Registration Committee (CIBRC), operating under the Ministry of Agriculture and Farmers Welfare, has registered numerous neem-based pesticides.
This strategic move aligns with the government’s commitment to reducing reliance on chemical pesticides and fostering organic farming practices. By advocating for the use of neem-based biopesticides, the government aims to safeguard the environment, protect public health, and promote sustainable agricultural practices.
In addition to endorsing neem-based biopesticides, the government has actively supported research into neem’s therapeutic properties through institutions such as the Central Council for Research in Ayurvedic Sciences (CCRAS). This council conducts extensive studies to explore the potential benefits of neem in treating various ailments, spanning from skin conditions to digestive disorders. These research endeavors are aimed at uncovering the full therapeutic potential of neem and its derivatives, thereby contributing to the development of evidence-based Ayurvedic treatments.
Moreover, under the National AYUSH Mission, the government not only advocates for the use of Ayurvedic medicines but also facilitates the integration of traditional medicine systems, including Ayurveda, into mainstream healthcare. This comprehensive approach recognizes the value of neem and other herbal remedies in promoting public health and wellness.
By incorporating Ayurvedic practices and medicines, including those derived from neem, into public health facilities, the government aims to provide accessible and comprehensive healthcare options to the population. This concerted effort ensures that the benefits of neem extracts are accessible to a wide range of individuals, thereby driving the demand for neem extract products and fostering the growth of the India Neem Extracts Market.
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Research and development (R&D) initiatives have played a pivotal role in driving the expansion of neem extracts into new industries, uncovering exciting possibilities along the way. For instance, extensive research has led to the remarkable discovery of the potential use of neem extracts in animal feed. This breakthrough has sparked further exploration into how neem extracts can contribute to enhancing animal health and productivity, revolutionizing the way we approach animal nutrition.
The India Neem Extracts Market is segmented into type, application, regional distribution, and company.
Based on its type, the leaf extract segment is anticipated to witness the most rapid market growth in the India Neem Extracts Market. This growth can be attributed to several factors. Firstly, neem leaf extracts are rich in bioactive compounds like nimbin, nimbidin, and nimbidol, which possess potent medicinal properties. These extracts find extensive applications in various industries, including pharmaceuticals, cosmetics, and agriculture, due to their antibacterial, antifungal, and anti-inflammatory properties.
Additionally, the increasing consumer preference for natural and herbal products is driving the demand for neem leaf extracts in personal care and healthcare products. Moreover, the growing awareness about the environmental benefits of neem-based products, along with favorable government regulations promoting organic and sustainable practices, is further fueling the market growth of neem leaf extracts in India.
Based on region, the North India region is expected to experience the fastest growth in the India Neem Extracts Market. Several factors contribute to this projected growth. North India is home to a significant agricultural sector, where neem extracts are widely used as natural pesticides and fertilizers. The increasing adoption of organic farming practices in this region is driving the demand for neem extracts.
Additionally, North India has a large population base, leading to a higher demand for neem-based personal care and healthcare products. The region’s favorable climatic conditions for neem cultivation also contribute to its prominence in the neem extracts market. Government initiatives promoting organic agriculture and sustainable practices in states like Uttar Pradesh, Punjab, and Haryana are expected to further boost the demand for neem extracts in North India.
Major companies operating in India Neem Extracts Market are:
- Dabur India Ltd.
- Patanjali Ayurved Limited
- Emami Limited
- GreeNeem Agri Private Limited
- P.J. Margo Pvt. Ltd.
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“The India Neem Extracts Market is experiencing robust growth driven by increasing awareness and demand for natural and organic products. Neem extracts, known for their medicinal properties, find extensive applications in various industries, including pharmaceuticals, personal care, agriculture, and cosmetics. The rising trend towards sustainable and eco-friendly alternatives is fueling the market’s expansion, as neem extracts serve as effective solutions for pest control, skincare, haircare, and healthcare. Government initiatives promoting organic farming practices and the use of herbal products further contribute to market growth.
Additionally, technological advancements in extraction processes and product innovation are enhancing the efficacy and versatility of neem extracts, attracting a wider consumer base. With its wide-ranging benefits and diverse applications, the India Neem Extracts Market is poised for continued growth in the coming years, offering opportunities for businesses and contributing to the country’s sustainable development goals,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“India Neem Extracts Market By Type (Leaf Extract, Fruit & Seed Extract, Bark Extract), By Application (Pharmaceuticals, Nutraceuticals, Personal Care, Agriculture & Farming, Food & Beverages, Others), By Region, By Competition Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of India Neem Extracts Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Neem Extracts Market.
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