Global Neem Oil Market Poised to Reach USD 5.30 Billion by 2030, Exhibiting a CAGR of 14.3%

The global neem oil market, valued at USD 2.08 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 14.3%, reaching approximately USD 5.30 billion by 2030. This robust growth is driven by increasing demand for natural pesticides and the expanding applications of neem oil in various industries, including agriculture, cosmetics, and pharmaceuticals. 

Competitive Landscape and Regional Demand

The neem oil market is characterized by the presence of key players such as P.J. Margo and Ecobiocides & Botanicals, who are focusing on product innovation and expanding their global footprint. The Asia Pacific region, particularly India, holds a significant share of the market due to the traditional use of neem and its derivatives. North America and Europe are also witnessing increased demand, driven by a growing preference for organic and natural products. ​

United States: Growth and Consolidation

In the United States, the neem oil market is experiencing steady growth, fueled by rising consumer awareness of natural and organic products. Companies are engaging in mergers and acquisitions to acquire new technologies, strengthen portfolios, and leverage capabilities, aiming to enhance their market presence and cater to the increasing demand for eco-friendly solutions. 

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Asia Pacific: Opportunities and Trends

The Asia Pacific region, led by countries like India and China, presents substantial opportunities for the neem oil market. India is projected to generate a market revenue of USD 15.30 million in 2024, while China is emerging as a fast-growing market with a projected revenue of USD 6.35 million in the same year. The region's growth is driven by stringent regulations supporting organic and eco-friendly products, as well as a growing consumer preference for natural alternatives to synthetic chemicals. ​

Europe: Trends and Acquisition Targets

Europe's neem oil market is expanding due to increasing adoption of organic farming practices and stringent regulations on chemical pesticides. Companies are focusing on mergers and acquisitions to acquire new technologies and strengthen their portfolios, aiming to meet the growing demand for natural and sustainable products. 

Middle East and Africa: Emerging Markets and Collaborations

The Middle East and Africa are emerging markets for neem oil, with growth driven by increasing awareness of organic products and sustainable agricultural practices. Collaborations between local and international companies are fostering the development and distribution of neem-based products in these regions.

Neem Oil Market segmentation : 

by Type

Leaf Extract
Seed Extract
Bark Extract

With a 47.5% market share in 2023, the leaf extract sector is leading the plant extract market. Leaf extract demand was valued at USD xx billion in 2023 and is expected to grow at a 14.8% compound annual growth rate (CAGR) between 2024 and 2030. The market is expected to expand because to the growing demand from several end-use sectors, including agriculture, medicines, personal care, and animal feed. Leaf extracts are abundant in antioxidants, vitamins, and minerals. Furthermore, it is anticipated that growing consumer awareness of neem's health benefits, especially in developed countries, will support market expansion throughout the course of the projected period.


by Application

Pesticides/agriculture
Personal care
Animal products
Pharmaceuticals
Pharmaceutical Industry
Food Industry

In 2023, the pharmaceutical sector will control the majority of the global neem oil market. The growing need for prescription pharmaceuticals and medications is a factor in the segment's growth. Due to the rising demand for processed foods and drinks as well as the growing popularity of personal care products, the food industry is also a significant driver of market expansion. This is because neem oil is needed to produce these items.


by Form

Crude Neem Oil
Cold-Pressed Neem Oil
Neem Oil Extract

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Learn about the top players driving innovation in the Neem Oil Market :

1. PJ Margo Private Limited
2. Agro Extracts Limited
3. Fortune Biotech Ltd
4. GreeNeem Agri Private Limited
5. Manorama Industries Limited
6. Neem India Products Pvt. Ltd.
7.Ozone Biotech
8. Neeming Australia
9. NOW Foods
10. Fortune Biotech Ltd.
11. SUN BIONATURALS (INDIA) PRIVATE LTD.
12. Banyan Botanicals
13. Group Velocity LLC.
14. Parry's BIO
15. United Industries Corporation
16. Murugappa Group
17. The Velocity Group
18. Agro Extracts Limited
19. Certis USA LLC
20. E.I.D. Parry
21. PJ Margo Pvt. Ltd.

Get answers to critical questions shaping the Neem Oil Market  

  • What is Neem Oil ?
  • What is the growth rate of the Neem Oil Market?
  • Which are the factors expected to drive the Neem Oil market growth?
  • What is the CAGR at which the Neem Oil market will grow during the forecast period?
  • What are the different segments of the Neem Oil Market?
  • Which is the fastest growing region in the Neem Oil market?
  • What growth strategies are the players considering to increase their presence in Neem Oil  ?
  • What are the upcoming opportunities and trends for the Neem Oil Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Neem Oil Market?
  • Who are the leading companies and what are their portfolios in Neem Oil Market?
  • What segments are covered in the Neem Oil Market?
  • Who are the key players in the Neem Oil market?

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  • Past Size and Competitive Landscape
                           • Past Pricing and price curve by region
                           • Size, Share, Size Forecast by different segment
                           • Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
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                           • Competitive Landscape Profiles of selected key players by region from a strategic perspective

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