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Description
Neem Extracts Market size was valued at USD 2,276.2 million in 2021, growing at a CAGR of 16.3% from 2022 to 2028. The global market provides a detailed overview and which can be segmented by product type, application, and region. By product type, the neem extracts market has been segmented into seed extract, bark extract, and leaf extract. The leaf extract segment is expected to have the largest revenue share with the fastest growth rate in the global neem extract market. Based on the application, the segment has been segregated into pharmaceutical, agriculture, animal feed, cosmetics, personal care segment, and others. The personal care segment is expected to achieve the highest revenue share of the global market owing to the increasing demand for personal care products with herbal benefits. By region, Asia Pacific is projected to dominate the global neem extracts markets owing to favorable climatic conditions, availability of raw materials, and main agricultural activities in the region. Furthermore, increasing usage of neem in various sectors such as the personal care sector, cosmetics, and pharmaceutical sectors.
