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Europe Neem Extract Market by Segment, Application, Development, Growth and Demand Forecast, 2012-2022 with Key Players Analysis (Neem BioTech, Certis USA LLC, Terramera Inc., American Vanguard Corporation, and Bayer AG)
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Spain has been the key seed extract user in Europe, while Italy is the largest importer for bark extract products. Neem based toothpaste market is growing at a swift pace in the U.K., which is leading to increased demand for neem bark extracts in the region. Neem extract imports are growing in Europe due the increasing level of awareness about the safety profile of neem.
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Pesticides passing EPA evaluation under FIFRA are granted a license or registration permitting them to sell those products in the region. Neem extract is also one of the most valued herb-based raw materials in Europe. Based on azadirachtin content, neem oil is segmented into several types. EPA has recently issued registrations to two new types of cold pressed neem oils, namely, TER-TRU1 and TER-CX1. In many European countries, neem is also well used as an operative pest repellent for pet animals, which drives the growth of the market due to high manufacturing of neem extract based oil.
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Some of the major players operating in the European neem extract market include Neem BioTech, Certis USA LLC, Terramera Inc., American Vanguard Corporation, and Bayer AG. Due to low switching cost for buyers and high industrial growth, the rivalry amongst the key players is high.
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