Global Pure Neem Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Pure neem oil, also known as margosa oil, is a vegetable oil pressed from the fruits and seeds of the neem (Azadirachta indica), a tree which is indigenous to the Indian subcontinent and has been introduced to many other areas in the tropics. Pure Neem Oil is solvent-free and is used for organic farming, personal care products, animal products, pharmaceuticals, and more.
Market Overview:
The latest research study on the global Pure Neem Oil market finds that the global Pure Neem Oil market reached a value of USD 93.38 million in 2022. It’s expected that the market will achieve USD 133.21 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.
Pure neem oil has a wide range of applications and can be used as an insecticide, fungicide and acaricide. It is also used in the cosmetic and personal care industries as an ingredient in skin care products, hair care products and soaps. With its eco-friendliness, effectiveness, versatility and safety, pure neem oil is the perfect solution for consumers and farmers looking for a natural and organic alternative to synthetic chemicals.
1 Drivers
1.1 The product has obvious advantages and has a wide range of downstream applications.
1.2 Increasing demand for organic and natural products is driving the pure neem oil market.
1.3 Growth in personal care products and pharmaceutical industries brings market potential for pure neem oil.
2 Restraints and Challenges
2.1 The threat of substitutes.
Pure neem oil faces competition from similar efficacy products in different industries. Pure neem oil, for example, faces competition from synthetic insecticides, which are often cheaper and more effective. This makes it difficult for manufacturers to compete on price and efficiency, especially in agriculture.
2.2 Raw material prices fluctuate.
The raw material is an important part of pure neem oil, which accounts for most of the cost, and its production is concentrated, which is vulnerable to extreme weather and natural disasters, causing the price and availability of raw materials to be subject to large uncontrollable price fluctuations and unstable supply.
2.3 Strict quality control and regulation.
Region Overview:
United States was the largest revenue market with a market share of 36.50% in 2018 and 36.73% in 2023, an increase of 0.23%. In 2023, Europe market share was 26.40%, ranking second.
Company Overview:
P.J. Margo
PJ Margo Private Limited, the largest manufacturer and exporter of Neem Oil and Azadirachtin in India since 1993, is a joint venture between the Jaipurias and Certis USA, LLC, a subsidiary of Mitsui, Japan.
PJ Margo’s state-of-the-art manufacturing facility at Tumkur in Karnataka has a sophisticated quality control laboratory and specializes in botanical extractions including extraction of Azadirachtin from Neem seeds.
Ecobiocides & Botanicals
KARNA OIL MILL was established by Mr.M.Karunakaran two decades ago for the production of neem oil and neem cake. With his expertise of 25 years he had started Ecobiocides & Botanical Pvt. Ltd. with an objective to be largest manufacture of Azadirachtin from kernal seeds of Azadirachta indica(Neem tree), an eco friendly Botanical insecticide for Agri and horticulture,considering the growing awareness for organic produce.
Pure Neem Oil companies are mainly from India; the industry concentrate rate is low. The market share of the top three companies in 2022 was 8.15%. The top three companies are P.J. Margo, Ecobiocides & Botanicals, Agro Extract Limited, with the revenue market share of 3.72%, 2.49% and 1.95% in 2021.
Segmentation Overview:
Seed Extract Oil
Neem oil is a vegetable oil extracted from the seeds, leaves, and bark, etc.of the neem tree (Azadirachta indica).
Seed Extract Oil is the most commonly used form of neem oil and is extracted from the seeds of the neem tree. It is also known as cold-pressed neem oil.
Leaf Extract Oil
This type of neem oil is extracted from the leaves of the neem tree.
Application Overview:
Pure neem oil is a versatile product that has many different uses and applications. Its natural properties make it a popular alternative to synthetic chemicals in agriculture and personal care products.
Key Companies in the global Pure Neem Oil market covered in Chapter 3:
Sushil Corporation
Sun Group
KGS Corporation
Arun Naturals Private Limited
Agro Extract Limited
P.J. Margo
Prerana Agro Industries
Manorama Industries
Ecobiocides & Botanicals
Neem India Products
Ozone Biotech
Neeming Australia
In Chapter 4 and Chapter 14.2, on the basis of types, the Pure Neem Oil market from 2018 to 2029 is primarily split into:
Seed Extract Oil
Leaf Extract Oil
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pure Neem Oil market from 2018 to 2029 covers:
Pesticides/Agriculture
Personal Care
Animal Product
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
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