Neem Extracts Size
Neem Extracts Market Growth Projections and Opportunities
The expansion of the neem extracts market can be attributed to the surging demand for these extracts in the treatment of various diseases and the increasing adoption of organic farming. However, challenges such as the growing preference for personalized medicines, FDA approvals for such medicines, and the limitation of neem growth in colder regions, leading to higher production costs for neem extract manufacturers, are anticipated to impede the market's growth. The global neem extracts market is segmented based on type, with categories including leaf extracts, fruit & seed extracts, and bark extracts. The fruit & seed extracts segment took precedence in 2022, and it is expected to be the fastest-growing segment during the forecast period from 2023 to 2030. Neem, a well-known medicinal plant, holds a rich history of utilization in various diseases within traditional Indian medical systems such as Ayurveda, Unani, and Tibetan practices. Every part of the neem tree, including leaves, bark extracts, fruits, seeds, and derived products, offers therapeutic benefits. Neem preparations have demonstrated anthelminthic, antibacterial, contraceptive, and sedative properties. Chewing neem bark is a prevalent practice in India to enhance oral hygiene. Neem seed oil, containing oleic, stearic, palmitic, and linoleic acids, exhibits anti-inflammatory, antioxidant, and antibacterial properties beneficial for promoting healthy skin. Animal studies suggest that neem leaf extract could potentially serve as a novel treatment for diabetes by aiding in the regeneration of insulin-producing cells, thereby regulating blood sugar levels. The neem bark is employed in treating malaria, stomach & intestinal ulcers, skin problems, discomfort, and fever. Additionally, neem flower addresses issues such as intestinal worms, bile reduction, and phlegm regulation, while neem fruit is utilized for treating urinary tract problems, bloody nose, eye ailments, hemorrhoids, phlegm, intestinal worms, diabetes, wounds, and leprosy. Despite the promising prospects, certain challenges loom over the neem extracts market. The rise in the popularity of personalized medicines and the corresponding approvals from the FDA pose a hurdle. Moreover, the geographical limitation of neem growth to warmer regions results in higher production costs in colder areas. Overcoming these challenges will be crucial for sustained market growth, as neem extracts continue to find applications in various therapeutic areas and organic farming practices, aligning with the global trend toward healthier and sustainable living.
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