Neem Extract Market 2020 Size, Trends, Growth Opportunities post after COVID19 Outbreak

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What are Factors Responsible for Boom of Neem
Extract Market in North America?
The demand for personal care products has been
soaring these days all across the globe. As
people are now extremely conscious regarding
their physical appearance, they are increasingly
investing in personal care products that can aid
in enhancing their aesthetic appearance.
Moreover, the increased disposable income of
people, thanks to the strong economic growth, in
various countries is also resulting in the
increasing demand for personal care products.
These day the demand for herbal personal care
products has been rising as well, since people
are getting increasingly aware regarding the
side-effects of cosmetics. Several skin and hair
care products contain chemicals that can prove
harmful for the human body. Owing to this, the
demand for neem-based products has increased
substantially over the past few years, thereby
resulting in the growth of the global neem
extract market. Other than this, the preference
for Ayurvedic medicines has also been rising in
various parts of the world. For example, while
the popularity and easy availability of
allopathic medicines increased considerably in
India a few years back, now the focus is again
shifting towards Ayurveda, which is further
resulting in the increasing demand for neem
extract. Request to Get the Sample Report_at_
https//www.psmarketresearch.com/market-analysis/n
eem- extract-market/report-sample Neem contains
various chemicals which are capable of reducing
blood sugar levels, preventing pregnancy,
healing ulcers in the digestive tract, killing
bacteria, and preventing the formation of plaque
in the mouth. Owing to such advantages, the plant
is widely utilized as a natural and home remedy
for taking care of several ailments. In addition
to all this, the plant also has antioxidant
properties and can help in protecting the skin
from pollution, harmful ultraviolet radiation,
and other environmental factors. The presence of
fatty acid and vitamins in neem also helps in
maintaining and improving the elasticity of skin
and in reducing fine lines and wrinkles. It is
because of all these factors that the global neem
extract market is predicted to generate a
revenue of 1,868.2 million by 2022, progressing
at a 16.3 CAGR during the forecast period (2016
2022). On the basis of segment, the market is
categorized into bark extract, seed extract, and
leaf extract, among which, the bark extract
division is projected to witness the fastest
growth during the forecast period. This can be
ascribed to the rising requirement for bark
extract from the Asia-Pacific (APAC) region. In
terms of application, the neem extract market is
divided into animal products, agriculture, and
health personal care, out of which, the animal
products division is expected to account for the
highest CAGR during the forecast period. This is
due to the rising requirement for herbal animal
food from countries including Brazil, the U.S.,
and France. Geographically, the APAC region
dominated the market in the past, according to a
report by PS Intelligence. This was primarily
because of the presence of the major Ayurvedic
companies in the region that consume the product
on a large-scale. In conclusion, the demand for
neem extract is growing due to the increasing
demand for herbal personal care items and focus
towards Ayurvedic medicines.
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