Brazil Biostimulants Market Trends

Statistics for the 2023 & 2024 Brazil Biostimulants market trends, created by Mordor Intelligence™ Industry Reports. Brazil Biostimulants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

INSTANT ACCESS

Market Trends of brazil biostimulants Industry

The Country's regulatory laws enabled the expansion of organic cultivation, and cash crops are majorly producing crops under organic

  • The area under organic crop cultivation in Brazil was recorded at 13,758.7 hectares in 2021, according to data provided by FibL statistics. Organic agriculture in Brazil has grown considerably in the last twenty years, mainly due to the creation of specific laws and regulations.
  • Between 2015 and 2017, the annual average growth of newly registered producers was 43%. The Litoral Sul and Baixo Sul ITs in the southern region had the highest number of registered organic producers in Brazil. However, from 2018 to 2020, it fell to 4%, coinciding with a new political scenario. This period is seen as a landmark in the scope of national agriculture, with the end of federal departments responsible for agrarian development and the expansion and flexibilization of the pesticide market.
  • Cash crops accounted for the maximum share of 86.3% under organic crop cultivation in 2021, with 11,871.6 hectares of land. The country is a major grower of cash crops such as sugarcane, cocoa, coffee, and cotton. Brazil is the largest sugarcane-growing country in the region. Horticultural crops accounted for a share of 9.3%, with an area of 1,295.9 hectares of organic land in 2021. The major fruit and vegetable crops grown in the country include oranges, carrots, potatoes, bananas, lemons, tangerines, and strawberries.
  • Row crops accounted for just 4.4% of total organic crop cultivation in 2021, with an area of 591.2 hectares. However, the organic area under cultivation of row crops increased by 17.1% during the historic period. The replacement of chemical nitrogen with organic sources in Brazil has been known to save around USD 13.0 billion per annum, which is driving more farmers to take up organic farming in row crops.
Brazil Biostimulants Market

As health awareness and income rise, people are spending more on organic food, with olive oil being the top choice

  • Organic food consumption in Brazil is mainly observed in higher-income groups due to the higher prices of organic food. However, increasing disposable incomes and COVID-19-led health consciousness are expected to increase per capita spending on organic food in the country. The current per capita spending on organic food products in Brazil is comparatively lower than in other parts of the world, with an average per capita spending of USD 0.38 in 2022.
  • According to data provided by Global Organic Trade, Brazil ranks 43rd globally for per capita spending on organic packaged food and beverages, with a value of USD 0.38 in 2021. The market is estimated to record a CAGR of 6.6% between 2021 and 2026. Olive oil was the most consumed organic food product in the country.
  • Growing awareness among consumers and their buying motives will lead to a better understanding of the sustainability attributes of organic food in the country. Increasing per capita income, coupled with growing knowledge among consumers about the importance of organic food consumption, will potentially increase per capita spending on organic food products in Brazil.
  • The retail sales of organic packaged food and beverages in Brazil grew by 9.5% in 2021 to USD 81.0 million, which is expected to grow with the penetration of e-commerce within organic packaged food. Additionally, the increasing levels of urbanization and improving consumer living standards have increased per capita expenditures on high-quality, organic food products in Brazil. The Brazilian Ministry of Agricultural Development is introducing numerous policies for promoting the domestic production of organic foods, which will continue to drive market growth over the forecast period.
Brazil Biostimulants Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

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