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.
Browse
full Neem
Extracts Market
report
at:http://www.transparencymarketresearch.com/neem-extract-market.html
European
countries such as Germany, France, Spain, Italy and United Kingdom
are witnessing considerable demand for organic/natural products.
Moreover, these countries are undertaking organic farming at larger
scale compared to other countries in the world. By application,
chemicals and fertilizer segment is the largest segment of this
market. Neem is primarily used as a bio-pesticide and bio-fertilizer
in agricultural applications. However, rising awareness about the
health benefits of neem extracts would increase its usage in personal
care segment at a rapid pace followed by pharmaceuticals. Moreover,
over the next six years, the application of neem extracts in animal
feed and pet care is expected to witness substantial growth.
Geographically,
Europe is expected to experience robust growth in the coming six
years followed by North America. Asia Pacific accounted for largest
market share in 2013. Although Asia Pacific is expected to continue
its dominance in the neem extracts market, however fast growth in
Europe and North America would curb its market share by 2019. In Asia
Pacific, India is the largest producer and consumer of neem extracts
at present, however robust growth in China’s neem extracts
production would pose significant challenge to India during the
forecast period.
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The
global neem extracts market is highly fragmented accounting for large
number of firms operating in this field. Most Indian companies export
neem extracts to end users in Europe and North America. Some of the
leading market players in neem extracts market are EID Parry India
Ltd, Parker Biotech Pvt Ltd and PJ Margo Pvt Ltd.
The
neem extracts market has been segmented as follows for better
understanding and to formulate winning strategies for the market
players
Neem
Extracts Market by Applications
The
different applications of neem extracts in industries covered under
this research study are defined as follows:
- Personal care
- Pharmaceutical
- Chemicals and Fertilizers
- Animal Feed and Pet Care
- Others
Global
Neem Extracts Market by Geography
The
geographies covered under this research study are as follows:
- North America
- Europe
- Asia Pacific
- Rest of the World
Browse
the full Press
Release:http://www.transparencymarketresearch.com/pressrelease/neem-extract-market.htm
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Transparency
Market Research (TMR) is a global market intelligence company,
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exclusive blend of quantitative forecasting and trends analysis
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gather and analyze information.
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research techniques in developing distinctive data sets and research
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