NEEM EXTRACTS MARKET ANALYSIS

Name: Neem Extracts MarketChallenges and Opportunities
Creator: Coherent Market Insights
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Keywords: Neem Extracts Market, Neem Extracts Market Report, Neem Extracts Industry Report, Neem Extracts Market Size, Neem Extracts Market Share, Neem Extracts Market Analysis, Neem Extracts Market Growth, Neem Extracts Market Trends, Neem Extracts Market Overview, Neem Extracts Market Forecast

Neem Extracts Market, by Application (Biofertilizer, Personal Care, Pharmaceutical, and Animal Feed) and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

To Be Published : Dec 2024
Code : CMI3108
Formats :
Excel and PDF
Industry : Agrochemicals

Market Challenges And Opportunities

Market Dynamics:

Increasing disposable income in Asian countries is a major factor driving growth of the neem extracts market, as customers can afford high quality natural beauty products for their daily use. For instance, according to the Ministry of Statistics and Programme Implementation (India), disposable income in India increased to around US$ 2693478.5 Mn in 2018 from US$ 2369487.41 Mn in 2017.
Increasing use of organic fertilizers is also driving growth of the neem extracts market, globally. In a recent research published by the University of Calabar, the combination of neem with NPK fertilizer (60 kg N/ha NPK + 60 kg N/ha) significantly increased the growth of Okra during the research studies.