High Prevalence of Diabetes and Growing E-Commerce Sector to Augment Growth of Neem Extracts Market
Neem is a perennial herb that has been used as an antidote for many ailments in India. It is an aromatic oil that has been found useful in the treatment of several diseases such as diabetes, cough, diarrhea and even colds. The azadirachtin found in neem extracts can stimulate the immune system to fight against microorganisms such as bacteria, fungi, yeasts and viruses that are found in the respiratory tract, gastrointestinal tract and skin. Azadirachtin is very useful in relieving cough and providing relief from flu and colds. Market Dynamics High prevalence of diabetes is expected to propel growth of the global neem extracts market . For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from ...