Neem Extracts Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2013 - 2019
83 Page Report
Use of Neem Extracts in Bio-pesticides and Bio-fertilizers to
Enable Market to Expand at 14.7% CAGR between 2013 and
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Neem Extracts Market
Transparency Market Research (TMR) has announced the addition of a new market study on the neem
extracts market. The report is titled “Neem Extracts Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast, 2013 - 2019.” According to the report, the global neem extracts market is expected
to be worth US$1126.8 mn by 2019. It was valued at US$495.6 mn in 2013 and is expected to expand at a
CAGR of 14.7% between 2013 and 2019.
Neem is a tree native to India, Bangladesh, Myanmar, Sri Lanka, Pakistan, and Malaysia. Neem has various
medicinal benefits such as lowering of blood pressure and cholesterol. It also eases palpitations, reduces
blood clotting, and regulates digestion. The medicinal benefits of neem are expected to boost its use in the
pharmaceuticals sector. A number of herbal cosmetic manufacturing companies are proliferating and with
them, the demand for neem powder and oil is increasing.
Neem is also gaining popularity as an effective bio-pesticide and bio-fertilizer, which is helping the growth
of the neem extracts market. The growing awareness regarding the side effects of synthetic chemicals in
fertilizers and pesticides is expected to increase the use of bio-fertilizers and bio-pesticides, subsequently
boosting the neem extracts market. Furthermore, stringent regulations by governments for producing fruits
and vegetables in a...