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A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India Neem Extracts Market is estimated to grow at a CAGR of 11.3% by the end of 2028. The significant growth of the India Neem Extracts Market is attributed to the rising awareness of people regarding the advantages of neem extracts in livestock feeding and agriculture. Also, the growing research and technological advancement, and various advantages of neem extract such as improving soil contamination and reducing the environmental pollution.
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India Neem Extracts Market, By Type- Global Industry Size, Share, Trend Analysis and Forecast Report, 2022-2028
India Neem Extracts Market - Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India Neem Extracts Market is estimated to grow at a CAGR of 11.3% by the end of 2028. The significant growth of the India Neem Extracts Market is attributed to the rising awareness of people regarding the advantages of neem extracts in livestock feeding and agriculture. Also, the growing research and technological advancement, and various advantages of neem extract such as improving soil contamination and reducing the environmental pollution.
Growth Drivers Increasing Awareness about Side-Effects associated with Chemical-Based Personal Care Products Fostering the Neem-Based Products In recent years, there are rising concerns about health, skin, and allergic issues. Consumers are more aware of the side-effects of chemical products, chemical-based shampoos, soaps, and cosmetics. Thus, people are significantly adopting herbal and organic personal care products. In addition, neem extract-based shampoos, soaps, face wash, face gel, and a variety of skincare products are surging in demand. All these neem extract-based products are safe and beneficial to the body, such as helps fighting acne, and dandruff, slowing down aging processes and relieving skin allergic conditions.
Restraints Limited Manufacturing Capacity by Small-Size Neem Extracts Players In India Neem Extracts Market, the market is fragmented with very small-sized players. The market lacks international sales. This is because the market players do not have a fixed channel for international sales, except online. which results in hindering the growth of the India Neem Extracts Market. However, herbal therapy is growing due to the campaigns and advertisements by Indian ayurvedic companies like Patanjali. This is expected to increase the growth of the neem extract in the personal care sector during the forecast period.
Impact of COVID-19 The unprecedented COVID-19 pandemic outbreak impacted both positively and negatively the growth of the India Neem Extracts Market. The nationwide lockdown declines the economy with a complete shutdown imposed across all sectors. In the initial phase, agriculture, and pharmaceutical also faced large-scale disruptions. This negatively affected the demand for Neem Extract. However, the demand for organic food increased during the pandemic which increased the use of natural resources like neem extract products in agriculture. This resulted in fueling the growth of the India Neem Extracts Market during the forecast period (2023-2028).
Regional Insights Geographically, the India Neem Extracts Market is segmented into North India, West India, East India, and South India. Many farmers and producers in India are looking for cost-effective, eco-friendly, and superior options in the production of agriculture. The rising technological innovation, growing investments, and efforts to promote Neem Extracts are expected to drive the market. Moreover, the adoption of herbal beauty products, ayurvedic medicines, and organic farming is growing. Also, the eco-friendly alternative to hazardous chemical products is boosting the growth of the India Neem Extracts Market during the forecast period.
Competitive Landscape The leading market players in the India Neem Extracts Market are Patanjali, E.I.D. Parry (India) Limited, P.J. Margo Pvt. Ltd., Agro Extract Limited, Ozone Biotech Pvt. Ltd., GreeNeemAgri Private Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Gramin India AgriBusiNest, Parker India Group, Bros India Group., Dabur, Baidyanath, Zandu and other prominent players. Sample Copy of the Report:https://www.blueweaveconsulting.com/report/india-neem-extract-market-bwc20188/report-sample
Key Players Patanjali, E.I.D. Parry (India) Limited, P.J. Margo Pvt. Ltd., Agro Extract Limited, Ozone Biotech Pvt. Ltd., GreeNeemAgri Private Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, Gramin India AgriBusiNest, Parker India Group, Bros India Group., Dabur, Baidyanath, Zandu and other prominent players.
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