Neem tree seeds contain neem oil, a naturally occurring insecticide. It is yellow to brown, gives garlic/sulfur smells, and has a bitter taste. It has been used to eradicate illnesses and pests for hundreds of years. Neem oil is still used today in many different products in various forms. These consist of pet shampoos, cosmetics, soaps, and toothpaste. Neem oil may also be used to make biodiesel or biofuels. Neem oil is made up of many ingredients. The most effective insect deterrent and killer is azadirachtin, derived from neem oil. It is known as clarified hydrophobic neem oil when there is any leftover.
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Data Bridge Market Research analyzes that Asia-Pacific Neem Oil and Concentrates Market is expected to reach USD 1,270,566.81 thousand by 2030 from USD 476,188.67 thousand in 2023, growing with a substantial CAGR of 13.3% in the forecast period of 2023 to 2030.
Key Findings of the Study
Increasing Application of Neem Oil Concentrates in the Agriculture Industry
The Asia-Pacifc neem oil and concentrates market is witnessing an increase in the use of neem oil concentrates in agriculture. Neem oil, derived from the neem tree (Azadirachta indica), has grown in popularity in agriculture due to its wide variety of applications and multiple advantages. Demand for neem oil concentrates increases as agriculture seeks more sustainable and environmentally friendly alternatives. Neem oil has insecticidal characteristics and can treat various crop pests, such as aphids, whiteflies, mites, caterpillars, and beetles. Its active components prevent insect proliferation and development, resulting in less crop loss. Unlike synthetic pesticides, neem oil is deemed safe for humans, beneficial insects, and the environment.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Type (Fruit and Seed Extract, Leaf Extract, and Bark Extract), Application (Agriculture and Farming, Pharmaceuticals and Nutraceuticals, Personal Care, Automotive, Food and Beverages, and Others)
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Countries Covered
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Japan, China, India, South Korea, Australia & New Zealand, Philippines, Malaysia, Thailand, Indonesia, Singapore, and Rest of Asia-Pacific
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Market Players Covered
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SUNSHIV BOTANICS (India), ConnOils LLC (U.S.), VedaOils.com (India), Ozone Biotech (India), SPECTRUM BRANDS, INC. (U.S.), Woodstream Corporation (U.S.), DYNA-GRO, INC (U.S.), BONIDE Products LLC (U.S), GreenWay Biotech (India), SBM Company (Natria) (France), PF Harris (U.S.), MYCSA AG (U.S.), Aromantic Natural Skin Care (U.K.), Manorama Industries Limited. (India), SUN BIONATURALS (India), and NOW Foods (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The market is segmented into two notable segments on the basis of type and application.
- On the basis of type, the market is segmented into fruit and seed extract, leaf extract, and bark extract
In 2023, the fruit and seed extract segment is expected to dominate the market
In 2023, the fruit and seed extract segment is expected to dominate with a 46.69% market share because it has azadirachtin. This ingredient can combat parasites that damage the skin and hair, including lice. Azadirachtin inhibits parasite development and interferes with biological functions such as reproduction.
- On the basis of application, the market is segmented into agriculture and farming, pharmaceuticals and nutraceuticals, personal care, automotive, food and beverages, and others
In 2023, the agriculture and farming extract segment is expected to dominate the market
In 2023, the agriculture and farming segment is expected to dominate the market with a 43.18% market share because it is a potent insecticide that works particularly well against soft-bodied, leaf-sucking, and chewing insects, which are common garden pests. Pests include insects, aphids, mealybugs, mites, thrips, scale flies, and whiteflies. In addition, the anti-fungal properties of neem oil make it effective against powdery mildew and prevent its spread to tissue.
Major Players
Data Bridge Market Research anlyzes Murugappa Group (India), ConnOils LLC (U.S.), Ozone Biotech (India), MYCSA AG (U.S.), and Manorama Industries Limited. (India) as the major players in the Asia-Pacifc neem oil and concentrates market.
Market Developments
- In 2022, NOW Foods received a Top Workplaces 2022 recognition from the Chicago Tribune for the sixth time, placing #26 in the big enterprise category. This enabled the business to demonstrate that employee satisfaction with the organization's direction, mission execution, and working circumstances is at its maximum
- In October 2020, Vestar Capital Partners, a leading U.S. middle-market private equity firm, announced that it has entered into a definitive agreement to sell Woodstream Corporation, a leading manufacturer and marketer of branded pest and animal control products, to Bansk Group. The company significantly increased its strategic focus on its portfolio's pest and animal control segment
- In 2020, in Birkoni, Chhattisgarh, Manorama Industries Limited opened a brand-new facility. To meet the enormous increase in demand for customized custom-made fats and CBE. This aided businesses in developing and manufacturing new items and fortifying their local and Asia-Pacifc supply networks
Regional Analysis
Geographically, the countries covered in the Asia-Pacifc neem oil and concentrates market are Japan, China, India, South Korea, Australia & New Zealand, Philippines, Malaysia, Thailand, Indonesia, Singapore, and rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is expected to dominate the Asia-Pacifc neem oil and concentrates market
China is expected to dominate the market due to the growing demand for organic products in this region.
India is the fastest-growing country in the Asia-Pacifc neem oil and concentrates market
India is the fastest-growing country in the Asia-Pacifc neem oil and concentrates market increasing application of neem oil concentrates in the agriculture industry in the country.
For more detailed information about the Asia-Pacifc neem oil and concentrates market report, click here – https://www.databridgemarketresearch.com/reports/asia-pacific-neem-oil-concentrates-market
