High Prevalence of Diabetes and Growing E-Commerce Sector to Augment Growth of Neem Extracts Market

 

Neem Extracts Market

Neem is a perennial herb that has been used as an antidote for many ailments in India. It is an aromatic oil that has been found useful in the treatment of several diseases such as diabetes, cough, diarrhea and even colds. The azadirachtin found in neem extracts can stimulate the immune system to fight against microorganisms such as bacteria, fungi, yeasts and viruses that are found in the respiratory tract, gastrointestinal tract and skin. Azadirachtin is very useful in relieving cough and providing relief from flu and colds.

Market Dynamics

High prevalence of diabetes is expected to propel growth of the global neem extracts market. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Moreover, growing e-commerce sector is also expected to aid in growth of the market. For instance, according to India Brand Equity Foundation, the e-commerce sector in India is expected to reach US$ 200 billion by 2026 from US$ 38.5 billion as of 2017.

Increasing expenditure on personal care products is expected to offer lucrative growth opportunities for players in the neem extracts market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018. Moreover, increasing demand for organic pesticides is also expected to aid in growth of the market.

However, absence of good scientific evidence to support the use of neem extracts for tooth plaque, gum disease (gingivitis), lice, to repel insects, and for other conditions is expected to hinder growth of the neem extracts market.

Competitive Analysis

Major players operating in the global neem extracts market include, E.I.D. Parry Ind. Ltd., Godrej Group, Agro Extract Limited, Neeming Australia Pty Ltd., ITC Limited, W R Grace & Co., Margo Pvt. Ltd., Ozone Biotech Pvt. Ltd., GreeNeem Agri Pvt. Ltd., Nimbarka, The Indian Neem Tree Company, Bayer AG, Bros India Group, Fortune Biotech Ltd, Certis USA LLC, Terramera Inc., and American Vanguard Corporation.

Comments

Post a Comment

Popular posts from this blog

The Growing demand for the Electronic Nose Market Act As a Defense against Hazardous Environment

Image
  An electronic nose is an electronic device designed to detect certain flavors or odors in the air. When used, it allows for a more thorough sniffing of the air. A good example of an electronic nose used in foodservice would be a system designed to test for chemicals in the air. While there are several of these devices available on the market. They do provide a better way of evaluating the air than using a standard air sampling kit. This would also allow the odor or flavor to be determined. For instance, if a product was selling very well in an area, but it was producing a noticeable smell in areas where it was not being sold, it could be a sign that the odor or flavor was in fact present. This type of odor detection is not possible by an air sampling device alone. Another category of electronic noses is the one designed for detecting the aroma of certain foods The growing demand for the electronic nose market as a defense against hazardous environments for consumer goods and t...
Read more

Intec Pharma Ltd. Partnered With LTS Lohmann Therapie-Systeme AG ("LTS") For Levodopa Market

Image
  Advancement in the diagnosis of Parkinson's disease (PD) progression is propelling the growth of the levodopa market. For instance, researchers continue developing new treatments for Parkinson's disease, treatments that give real hope for people suffering from the disease. Some treatments currently being studied involve fetal cell transplantation, the use of stem cells, and gene therapy. Moreover, the development of novel formulations and drug delivery methods for levodopa is also contributing to the growth of the levodopa market . Levodopa is known by many names, including chelation therapy, L-carnitine, and nutritive adjuvant. It is a naturally occurring substance found in most tissues of the body, including the brain, heart, liver, kidney, pancreas, lungs, stomach, small intestine, and skeletal muscle tissue. This substance is often taken to treat various diseases, including Parkinson's disease and depression. As dopamine is responsible for feelings such as pleasure ...
Read more

Increasing Prevalence of Obesity across Developing Countries Is Accelerating the Growth of the Weight Loss Diet Products Market

Image
  Weight loss diet products have been available in the market for many years. They come in various forms such as appetite suppressants, meal substitutes, and quick weight loss supplements. The growing obese population around the globe is driving the growth of the weight loss diet products market . According to the World Health Organization, in 2019, an estimated 38.2 million children under the age of 5 years were overweight or obese.   Overweight and obesity are now on the rise in low- and middle-income countries, particularly in urban settings. Almost half of the children under 5 who were overweight or obese in 2019 lived in Asia. Moreover, the growing prevalence of various chronic diseases such as diabetes and cardiovascular diseases is again fostering the growth of the market. Changing eating habits coupled with the sedentary lifestyle is again increasing the cases of obesity which is further augmenting the growth of the weight loss diet products market. From the geogra...
Read more