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What's driving the Americas Neem Extract Market Trends? | Major Players : Certis USA, Terramera, Groupon & Bayer
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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Brazil has been emerging as a key revenue generator for the neem extract market, due to its increasing bio-based farming and investment plans for neem plantations.
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.
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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.
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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Neem seed cakes and leaves are extensively used for feeding animals as they contain amino acids, proteins, minerals and carotene. The increasing cost of chemicals along with their negative impact on human health, is expected to favor the growth of the American neem extract market.
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.
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