According to a new market report published by Transparency Market Research “Neem Extracts Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013– 2019”, the global neem extracts market was worth USD 495.6 million in 2013 and is expected to reach USD 1126.8 million in 2019, growing at a CAGR of 14.7% from 2013 to 2019. Asia Pacific was the largest market for neem extracts in 2013 due to higher neem extracts production in the region. However, Europe is expected to be the fastest growing market for neem extracts by 2019 due to growing demand for natural/ organic products in the region.
Rising demand for bio-fertilizers and bio-pesticides is expected to drive the growth of the global neem extracts market. Furthermore, the growth is expected to be supported by widening applications of neem extracts in the personal care toiletry and pharmaceutical industry.
global-neem-extracts-market
European countries such as Germany, France, Spain, Italy and United Kingdom