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Explore Americas Neem Extract Market by Segment (Seed Extract, Leaf Extract, Bark Extract), by Application (Agriculture, Health and Personal Care, Animal Products), by Geography (U.S., Canada, Brazil)
Americas Neem Extract Market
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The country stands amongst the most attractive destinations for FDI in agriculture, with high expected returns due to several factors including buoyant economic progress, growing agricultural real estate market and ample water resources. All these factors are expected to help Brazil achieve the highest growth in the neem extract market.
The popularity of neem extract based products has seen a rapid increase in the recent past due to the rising concern among people towards the harmful effects of chemical based cosmetics on hair, skin and other body parts. With the changing mindset of western population, people in general are turning towards neem based personal care products.
The major factors restraining the growth of the American neem extract market, is the disagreement on the benefits of neem among some researchers. Certain studies show that the consumption of neem leaf or neem bark based medicine may be harmful during pregnancy. Some organizations state that neem extract based products may be toxic for patients having a history of kidney and liver diseases. However, neem extracts are considered as safe on plants by several regulatory authorities including the United States Department of Agriculture (U.S.D.A.).
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Some of the major players operating in the American neem extract market include Certis USA LLC, Terramera Inc., Groupo Ultraquimia, American Vanguard Corporation, Bayer AG, Fortune Biotech Ltd, and many other small players.
The market is highly fragmented and the number of players in the neem extract market is large. The high growth of industry is intensifying the competition among players. Moreover, the low switching cost of buyers increases the rivalry in the American market.
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