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India Neem Extract Market to Grow at a Stable Rate During the Forecast Period

USA, 17 May 2019 -- The growing demand for animal products has been creating shortage of animal feed in the global feed industry, which is leading to demand creation for an alternative feed.

The Indian neem extract market will be observing a constant growth in the coming years, due to large neem production and rising attraction towards healthier and herbal goods in the country. Three broad application segments of the Indian neem extract market are animal products, health and personal care, and agriculture – where agriculture holds the largest market size.

In India, neem extracts are highly produced and exported on account of medicinal benefits associated with them. This district contributes highest to the neem extract exports in India. Numerous mergers and acquisitions were seen in the recent past in the Indian neem extract market.

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India is a major neem extract market, where several ayurvedic companies including Dabur, Patanjali, Baidyanath and Zandu are the key users of neem extract. The consumption of fertilizer based neem extract products is the highest of the total consumption of neem extract in the agriculture sector of the market.

In India, neem extract also find application as pesticide, where 300 parts per million (PPM) and 1,500 PPM are the preferred concentrations. The demand of neem extract for applications in personal care is higher than nutraceuticals.

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Although neem has been proved to have multiple benefits for human and animals, there is difference in opinion among Indian researchers on this topic, which is discouraging some people from extensive consumption of neem products. Certain studies show that consumption of neem leaf or neem bark based medicines may be harmful during pregnancy. This factor is hindering the growth of the neem extract market in India.

The major players operating in the Indian neem extract market include Patanjali, E.I.D. Parry (India) Limited, P.J. Margo Pvt. Ltd., Agro Extract Limited, Ozone Biotech Pvt. Ltd., GreeNeem Agri Private Limited, Fortune Biotech Ltd., The Indian Neem Tree Company, and Bros India Group.

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Submitted by Jacob, P&S Market Research on Friday, 17 May 2019 at 7:47 PM
Category: Business
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