Transparency Market
Research
Neem Extracts Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2013 - 2019
Published Date
10-07-2014
83 Page Report
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Press Release
Global Neem Extracts Market is Expected to Reach USD 1126.8
million by 2019
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Neem Extracts Market
REPORT DESCRIPTION
The neem extract market is one of the fastest growing markets globally. There was a time when uses of
neem were restricted to the sectors of pharmaceutical and personal care alone. But with time people have
come to realize the diverse benefits of neem extract across different applications, which has helped the
market for neem extracts to grow and prosper globally. There are many factors contributing to the
increase in demand for neem extracts. The growing awareness about effective uses of neem as a biofertilizer and bio-pesticide, apart from its uses across sectors such as personal care, pharmaceutical,
animal feed, pet care, and agriculture, has helped the global market for neem extracts grow at significant
rates. According to a recent report, the global market for neem extracts, valued at US$495.6 million in
2013, is expected to reach US$1126.8 million by the end of 2019, registering enormous growth at an
impressive CAGR of 14.7% from 2013 to 2019.
Applications and uses of neem extract across different sectors
Apart from its medicinal benefits, neem extracts are also extensively used in the agricultural sector. Lately,
the market for chemical fertilizers has faced a significant plunge in demand owing to its environmental
side effects and steps taken by governments of several nations to curb the effect of pollution. This has
prompted increasing use of bio-fertilizers and bio-pesticide, a factor that has...