(MENAFN- Market Press Release)November 15, 2021 10:17 am - India Neem Extract Market is Poised to Drive Accelerated Expansion in Coming Years: P&S Intelligence

Neem extracts are being increasingly used in the production of bio-pesticides due to their ability to exhibit unparalleled insecticidal effects. As these extracts act as nonneurotoxic pest control agents, they are being preferred over chemical-based bio-herbicides, bio-fungicides, and bio-insecticides. Neem extracts have antifeedant and deterrent effects on many insects, especially the ones belonging to the polyphagous species. Thus, the surging public awareness about the harmful effects of fertilizers and pesticides and the increasing requirement for soil and water preservation, will create a huge demand for neem extracts in India in the foreseeable future.

Moreover, the rising shortage of animal feed, on account of the burgeoning demand for animal products, is creating a huge requirement for an alternative feed, such as neem extract-based feed. Neem extract is one of the most ideal plant-based feeds as it helps in facilitating the growth of animals. Additionally, the soaring number of pet animals will also boost the Indian neem extract market growth in the coming years. To meet the increasing need for animal feed, the country is witnessing the large-scale plantation of neem trees.

According to P&S Intelligence, the Indian neem extract market is characterized by the presence of several small-sized companies such as P.J. Margo Pvt. Ltd., Bros India Group, Patanjali, Agro Extract Limited, The Indian Neem Tree Company, and Ozone Biotech Pvt. Ltd., which do not have a fixed channel for international sales. Even though these companies do not have a definite international sales channel, their products are being offered to overseas customers through e-commerce platforms.

Thus, the increasing demand for water and soil preservation, rising prevalence of diabetes, and soaring awareness about oral health will boost the adoption of neem extracts in India in the forthcoming years.

This study covers
1.Historical and the present size of the India Neem Extract Market
2.Future potential of the market through its forecast for the period 2020– 2030
3.Historical and the present size of the market segments and understand their comparative future potential
4.Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
5.Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
6.Major players operating in the market and their service offerings

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