Neem Extracts Market 2030: Growth Insights and Forecast Analysis
The global neem extracts market size is expected to reach USD 3.96 billion by 2030, registering a CAGR of 11.3% during the forecast period, according to a new report by Grand View Research, Inc. The rising importance of biofertilizers in developed regions including North America and Europe owing to stringent government regulations on the use of chemical fertilizers is likely to boost neem extracts market over the forecast period. Moreover, neem extracts are extensively used in the manufacture of high-quality herbal cosmetics and beauty products. Demand for these products is increasing globally owing to their efficiency and low side effects which are expected to result in high demand. Growing demand for biopesticides and bioinsecticides is likely to drive the neem extracts market over the next six years. Hostile responses received from consumers on the use of chemical fertilizers owing to environmental and health concerns are expected to drive the neem extracts market, espec...