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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)

07-03-2018 11:37 PM CET | Health & Medicine

Press release from: P&S Market Research - Consumer Products

Americas Neem Extract Market

Americas Neem Extract Market

The largest use of neem extract in agriculture in Americas is in the form of bio pesticide and fertilizers, which contribute largest to the market. Vegetable farming accounts for the largest consumption of neem extract based bio pesticides in the U.S. Besides the U.S., neem extracts are used in Canada and other small countries such as Haiti, Dominican Republic and Nicaragua. Till 2012, one common application of neem extracts in Canada was leaf shine.

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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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As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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