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Neem Extract Market

Neem Extract Market

Global Neem Extract Market is estimated to reach $2,862 Million by 2024; growing at a CAGR of 17.3% from 2016 to 2024. Neem, scientifically known as Azadirachta Indica, has been attracting worldwide importance, owing to its extensive usage in wide range of medicine, cosmetic, agricultural industry,

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Global Neem Extracts Market is expected to achieve $1,334 mi

Global Neem Extracts Market is expected to achieve $1,334 mi

The global neem extract market is mainly driven by the increasing consumption of bio-based fertilizers and pesticides, especially in Europe. The rejuvenation of ayurveda-based therapy owing to campaigns and advertisements by the domestic ayurvedic companies, such as Patanjali (India), has increased the scope of neem extract in personal care domain. The increase in bio-based animal farming during the past few years is also expected to increase demand for neem extract globally. The increasing consumption of bio-based pesticides and fertilizers in the Asian countries is laying opportunities for the neem extract market. The key restraints for the market include less concentration of neem plantations in non-Asian countries and negative opinion of certain people about the safety profile of neem-based health products.

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Neem Extract Market by Application Forecast 2022

Neem Extract Market by Application Forecast 2022

Neem Extract Market is expected to garner $2.04 billion by 2022, registering a CAGR of 17.4% during the forecast period 2016 to 2022. Neem extracts are derived from neem seed, leaves, and bark, and are used in a variety of products across the agriculture, cosmetics, and pharmaceutical sectors. Neem possesses a number of medicinal properties because of which it is an ideal ingredient in several organic products. Growing awareness about the side effects related to extensive use of chemical-based personal care products such as soaps, shampoos and cosmetics which includes artificial components, and adoption of bio fertilizers are some of the factors that foster the growth of the neem extract market. The neem extract market is bifurcated on the basis of application and geography. In 2015, Asia-Pacific was the highest revenue-generating region in the global neem extract market. More Information About This Report:https://goo.gl/aaisev

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