Azadirachtin Market Size, Share, Growth, and Industry Analysis, By Type (Solvent Extraction, Supercritical Fluid Extraction, Microwave Extraction), By Distribution (Personal Care Products, Deworming Products) and Regional Insights and Forecast to 2031

Updated On: 29 April 2024

AZADIRACHTIN MARKET REPORT OVERVIEW

• 

• to learn more about this report

The global azadirachtin market size was USD 40.28 million in 2021 and the market is projected to touch USD 55.35 million by 2027, exhibiting a CAGR of 5.44% during the forecast period.

Growing consumer consciousness on the significance of both physical and mental health has resulted over the past several years, there have been possible growth prospects for the worldwide market. The global market is driven by an increase in the demand for organic and natural bio pesticides, a rise in consumer awareness of the benefits of using less toxic and chemical-free pesticides, a surge in the demand for effective bio pesticides, and an increase in government regulations regarding the consumption of toxic chemical-based pesticides.

The worldwide azadirachtin market growth is further driven by the growing need for food security and the scarcity of arable land. The emergence of alternatives and changes in the price of raw materials, however, could impede overall growth.

COVID-19 Impact: Lack of Manpower to Degrade Market Share

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic had a detrimental effect on the world market since different manufacturing sectors, including consumer products, food, and agriculture, saw a decline in productivity as a result of the lockdown and limitations imposed by governments worldwide. The outbreak did, however, have a significant impact on the agricultural industry because of the lack of manpower, transportation, and import-export restrictions, which reduced agricultural productivity, exacerbated food insecurity, and raised the cost of the food products that were already in stock.

LATEST TRENDS

"Growing Organic Food Consumption to Stimulate Market Development"

Produced with natural components, biopesticides offer natural protection and generate food that is residue-free. Organic and healthful eating is becoming more and more popular worldwide. The application of pesticides will be a crucial component in the effort to preserve and improve the crops cultivated in their natural habitat. It is anticipated that the application of biopesticides would rise as the organically crop grows.

AZADIRACHTIN MARKET SEGMENTATION

• 

• to learn more about this report

• By Type

Based on type the global market can be categorized into solvent extraction, supercritical fluid extraction, microwave extraction

The process of transferring a substance from a single solvent to another due to the difference in distribution coefficient or solubility between both of these immiscible (or marginally soluble) solvents is known as solvent extraction. Moreover, the method of separating a single element (the extractant) from a different one (the matrix) by employing supercritical liquids as the solvent used to extract it is known as supercritical fluid extraction, or SFE. Although it can also occur from liquids, extraction typically occurs from solid matrices. The technique known as "microwave-assisted extraction" (MAE) involves heating solvents that come into contact with a sample using microwave energy in order to separate analytes from the specimen's matrix into the solvent that is being used.

• By Application

Based on application the global market can be categorized into personal care products, deworming products.

The fruit of the Neem tree that is primarily grown in India, is extracted to produce azadirachtin that is incorporated in deworming products. It regulates the insect's transformation from the larval to the pupa stage and is used commercially as an insect growth regulator. On the other hand, not much research has been done on its possible application in cosmetics. For example, the majority of research elucidated the antibacterial characteristics in medical diseases including acne, dandruff, and personal hygiene.

DRIVING FACTORS

"Incorporation of Sustainable Alternatives to Support Completed Market Expansion"

Commonly used synthetic pesticides in agriculture include chlorpyrifos and aldicarb. Although these pesticides shield crops against pests, they are extremely hazardous and can taint agricultural produce as well as cause respiratory issues, cancer, and skin diseases. In order to avoid contaminating food and shielding growers from harmful pesticides, environmentally friendly biopesticides have proven to be a reliable and sustainable substitute.

This substitute has a lot of defense and amino acid storing capabilities. Thus, the use regarding azadirachtin is growing as a result of nations and organizations acknowledging the requirement for employing such biological pesticides in the agriculture sector.

"Expanding Global Population to Foster Industry Progress"

The need for food is rising due to the expanding global population. The responsibility of the agricultural sector to boost yield has ultimately propelled the expansion of the agrochemical market. Pesticides, fertilizers, soils conditioners, and chemicals that protect plants are just a few of the products that have changed the game against various pests and raised yields. Farmers are being pushed to switch to products that contain this bio product due to the need for degradation and IPM which stands for Integrated Pest Management.

The worldwide market is expanding as a result of its widespread application in the manufacture of insect developmental regulators, implantation inhibitors, antifeedants, and repellents.

RESTRAINING FACTOR

"Strict Guidelines to Stop Market Evolution"

The chemical compound is an effective ingredient used as an insecticide/pesticide to kill and repel pests; nevertheless, this ingredient must adhere to certain regulations before being utilized or released onto the market as a biopesticide. Therefore, government agencies create such regulations. For example, the U.S. Environment Protection Agency's Federal Insecticide, Fungicide, and Rodenticide Act assesses whether or not a pesticide poses a risk to human health.

The Chinese Ministry of Agricultural and Rural Development released a standard draft in November 2020 that restricts the use of some pesticides and their residue in a range of crops, including cereals, vegetables, and plant-based foods. Therefore, these restrictions may prevent the market from expanding.

AZADIRACHTIN MARKET REGIONAL INSIGHTS

• 

• to learn more about this report

"Asia Pacific Present Rule upon the Marketplace Owing to Agriculture Producing Nations "

Asia Pacific accounted for the largest portion of the azadirachtin market share during 2021. This is due to a number of factors, including the fact that the region is home to important agriculture-producing nations including India, Thailand, China, Indonesia, and so on, with China and India being the world's biggest consumers of pesticides. Thus, the Asia Pacific region's demand for food items has expanded as a result of fast urbanization and rising consumer consumption, which has also increased the agriculture sector's production volume.

The United States Department of Agriculture's 2021 report states that China and India were the top producers of milled rice, wheat, and other commodities, while Thailand had a substantial rise in rice production over the previous year. Therefore, as agricultural crop production volume rises in these Asia Pacific countries, there will be a greater need for the chemical compound, which is less toxic and effectively inhibits pest generation on crops. 

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Vanashree (India)
• Yash Chemicals (India)
• Ozone Biotech (India)
• Yu Rong Chang (China)
• The Himalaya Drug Company (India)
• Green Gold (India)
• Agro (India)

INDUSTRIAL DEVELOPMENT

March 2023: FMC and Novozymes worked together to develop fungicides and insecticides with a biological basis. Therefore, the two businesses' ability to work together will allow them to manufacture biological crop protection solutions.

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.