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Brazil Biostimulants Market Size

The Brazil biostimulants market is experiencing significant growth, driven by the expansive agricultural sector and increasing adoption of sustainable practices. The market's expansion is supported by government initiatives promoting biobased products, which are expected to boost demand across the country. Seaweed extract-based biostimulants currently dominate the market, with other biostimulants like chitosan, microbial supplements, and plant growth regulators also contributing to the market's value. As farmers become more aware of the benefits of biostimulants in enhancing crop resilience and nutrient absorption, the market is poised for continued growth throughout the forecast period.

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Market Size of brazil biostimulants Industry

Brazil Biostimulants Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 306.60 Million
svg icon Market Size (2029) USD 520.09 Million
svg icon Largest Share by Form Seaweed Extracts
svg icon CAGR (2024 - 2029) 11.15 %
svg icon Fastest Growing by Form Amino Acids
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Brazil Biostimulants Market Analysis

The Brazil Biostimulants Market size is estimated at 306.60 million USD in 2024, and is expected to reach 520.09 million USD by 2029, growing at a CAGR of 11.15% during the forecast period (2024-2029).

306.60 Million

Market Size in 2024 (USD)

520.09 Million

Market Size in 2029 (USD)

5.94 %

CAGR (2017-2023)

11.15 %

CAGR (2024-2029)

Largest by Form

59.04 %

value share, Seaweed Extracts, 2023

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Seaweed extracts are dominant due to their richness in micro/macro elements, humic acids, and phytohormones, and their ability to enhance soil bacteria and plant resistance.

Fastest by Form

13.78 %

Projected CAGR, Amino Acids, 2024-2029

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The growth of Amino acid-based biostimulants is driven by the greater availability of aminoacid based biostimulants and growing farmer awareness of their benefits.

Largest by Crop Type

77.60 %

value share, Row Crops, 2023

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The major row crops grown in Brazil include soybean, corn, rice and wheat. In these crops the application of biostimulants is increasing as part of integrated crop management.

Fastest by Crop Type

11.25 %

Projected CAGR, Row Crops, 2024-2029

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Row crops are dominating the Brazil biofertilizers market with a market share of 79.2%, this is due the increasing organic acreage, from 2017 to 2022, 23.3% increased.

Leading Market Player

2.31 %

market share, Trade Corporation International, 2022

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Trade Corporation International offers biostimulant products that provide both micro and macronutrients associated with amino acids obtained through biological fermentation.

  • The agriculture industry is one of the major industries in the country, with a total agricultural area of about 85.0 million hectares as of 2021. This large agriculture area accounted for about 64.0% of the South American biostimulants market value in 2022.
  • The dominant biostimulant in the market is seaweed extract-based biostimulant, valued at about USD 143.2 million in 2022. The adoption of these biostimulants is increasing, and the market value of seaweed-based biostimulants is expected to reach USD 307.1 million by the end of the forecast period.
  • The Brazilian government is promoting the use of sustainable or biobased products through a program called The National Program for Biobased Agricultural Input. According to this program, at least 40 million hectares of area are grown with plant growth promoters and inoculants, which may drive the demand for biostimulant products during the forecast period.
  • From 2017 to 2021, the market value of other biostimulants rose by roughly 12.7%. Other biostimulants used in agriculture include chitosan and biopolymers, microbial supplements, some inorganic compounds originating from plant and animal bodies, and plant growth regulators. In 2022, other biostimulants accounted for 24.0% of the biostimulants market value in Brazil. The other biostimulants' market value is expected to reach USD 111.2 million by the end of the forecast period.
  • The growing knowledge among farmers about the importance of biostimulants in increasing crop resistance to biotic and abiotic stress, enhancing nutrient absorption, and their application in both organic and non-organic farms will drive the market during the forecast period.
Brazil Biostimulants Market

Brazil Biostimulants Industry Segmentation

Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type.

  • The agriculture industry is one of the major industries in the country, with a total agricultural area of about 85.0 million hectares as of 2021. This large agriculture area accounted for about 64.0% of the South American biostimulants market value in 2022.
  • The dominant biostimulant in the market is seaweed extract-based biostimulant, valued at about USD 143.2 million in 2022. The adoption of these biostimulants is increasing, and the market value of seaweed-based biostimulants is expected to reach USD 307.1 million by the end of the forecast period.
  • The Brazilian government is promoting the use of sustainable or biobased products through a program called The National Program for Biobased Agricultural Input. According to this program, at least 40 million hectares of area are grown with plant growth promoters and inoculants, which may drive the demand for biostimulant products during the forecast period.
  • From 2017 to 2021, the market value of other biostimulants rose by roughly 12.7%. Other biostimulants used in agriculture include chitosan and biopolymers, microbial supplements, some inorganic compounds originating from plant and animal bodies, and plant growth regulators. In 2022, other biostimulants accounted for 24.0% of the biostimulants market value in Brazil. The other biostimulants' market value is expected to reach USD 111.2 million by the end of the forecast period.
  • The growing knowledge among farmers about the importance of biostimulants in increasing crop resistance to biotic and abiotic stress, enhancing nutrient absorption, and their application in both organic and non-organic farms will drive the market during the forecast period.
Form
Amino Acids
Fulvic Acid
Humic Acid
Protein Hydrolysates
Seaweed Extracts
Other Biostimulants
Crop Type
Cash Crops
Horticultural Crops
Row Crops
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Brazil Biostimulants Market Size Summary

The Brazil biostimulants market is experiencing significant growth, driven by the country's expansive agricultural sector, which covers a substantial portion of its land area. This sector's importance is underscored by the government's initiatives, such as The National Program for Biobased Agricultural Input, which promotes the use of sustainable agricultural products. Seaweed extract-based biostimulants dominate the market, reflecting a growing trend towards natural and organic farming practices. The increasing awareness among farmers about the benefits of biostimulants in enhancing crop resilience and nutrient absorption is further propelling market expansion. Additionally, the rise in organic farming, supported by specific laws and regulations, is contributing to the market's growth, as more farmers shift towards organic practices to reduce reliance on chemical inputs.

The market landscape is characterized by a fragmented structure, with key players like Atlántica Agrícola, Humic Growth Solutions Inc., Trade Corporation International, Valagro, and Vittia Group holding a modest share. Recent strategic moves, such as acquisitions and product launches, indicate a focus on expanding product offerings and enhancing global presence. The market's growth is also supported by increasing consumer awareness and demand for organic food, driven by higher disposable incomes and health consciousness. As urbanization and living standards improve, there is a notable rise in per capita spending on organic products, further bolstering the biostimulants market. The ongoing development of policies to promote domestic organic food production is expected to sustain this growth trajectory in the coming years.

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Brazil Biostimulants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Form

      1. 1.1.1 Amino Acids

      2. 1.1.2 Fulvic Acid

      3. 1.1.3 Humic Acid

      4. 1.1.4 Protein Hydrolysates

      5. 1.1.5 Seaweed Extracts

      6. 1.1.6 Other Biostimulants

    2. 1.2 Crop Type

      1. 1.2.1 Cash Crops

      2. 1.2.2 Horticultural Crops

      3. 1.2.3 Row Crops

Brazil Biostimulants Market Size FAQs

The Brazil Biostimulants Market size is expected to reach USD 306.60 million in 2024 and grow at a CAGR of 11.15% to reach USD 520.09 million by 2029.

In 2024, the Brazil Biostimulants Market size is expected to reach USD 306.60 million.

Brazil Biostimulants Market Report Snapshots

Brazil Biostimulants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029