Market Size of biostimulants Industry
Icons | Lable | Value |
---|---|---|
Study Period | 2017 - 2029 | |
Market Size (2024) | USD 4.06 Billion | |
Market Size (2029) | USD 6.60 Billion | |
Largest Share by Form | Amino Acids | |
CAGR (2024 - 2029) | 10.21 % | |
Largest Share by Region | Europe | |
Major Players |
||
|
||
*Disclaimer: Major Players sorted in no particular order |
Biostimulants Market Analysis
The Biostimulants Market size is estimated at USD 4.06 billion in 2024, and is expected to reach USD 6.60 billion by 2029, growing at a CAGR of 10.21% during the forecast period (2024-2029).
- Amino Acids is the Largest Form. The use of amino acid-based biostimulants in different crop types have increased in staple crops like wheat, rice, soybean, and corn/maize as they play a crucial role in global food security, and enhancing their productivity is critical.
- Humic Acid is the Fastest-growing Form. Humic acid is a active ingredient of humus, the molecules present in the humic acid bind to the plant roots and help them in improving the uptake of nutrients and water.
- Row Crops is the Largest Crop Type. Due to the growing demand for agricultural productivity and food safety, biostimulant products are becoming increasingly popular in row crops like grains and cereals.
- Europe is the Largest Region. France dominated the biostimulants market in the region, adopting biostimulants instead of relying on the intensive application of chemical inputs in agriculture.
This section covers the major market trends shaping the Biostimulants Market according to our research experts:
Amino Acids is the largest Form
- The use of biostimulants in agriculture has gained momentum in recent years, with increasing awareness among farmers about the benefits of these products on crop growth and yield. Biostimulants are natural or synthetic substances that enhance plant growth and improve nutrient uptake, stress tolerance, and overall health.
- Amino acids emerged as the most consumed biostimulants globally, with a market share of 32.0% in 2022. This high share was primarily due to the positive effects of amino acids on crops when applied, such as increasing seed yield and grain numbers per ear in winter wheat crops in European countries. The consumption of biostimulants was the highest in row crops, which accounted for 74.6% of the market share in 2022, followed by horticultural crops and cash crops.
- Europe dominated the biostimulants segment, with a market share of 40.6% in 2022, followed by North America and Asia-Pacific. This high share was due to the high awareness among farmers in the region and the government's promotion of organic agriculture, with a target of 25.0% of agricultural land to be organic by 2030.
- The biostimulants segment is expected to record a CAGR of 10.1% during the forecast period (2023-2029), driven by the increasing demand for organic products and the growing area under the cultivation of organic crops.
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. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
Form | |
Amino Acids | |
Fulvic Acid | |
Humic Acid | |
Protein Hydrolysates | |
Seaweed Extracts | |
Other Biostimulants |
Crop Type | |
Cash Crops | |
Horticultural Crops | |
Row Crops |
Region | |||||||||||||
| |||||||||||||
| |||||||||||||
| |||||||||||||
| |||||||||||||
| |||||||||||||
|
Biostimulants Market Size Summary
The biostimulants market is experiencing significant growth, driven by the increasing demand for sustainable agricultural practices and the reduction of chemical inputs. Biostimulants, which are natural or synthetic substances, enhance plant growth, improve nutrient uptake, and boost stress tolerance, are becoming essential in modern agriculture. The market is characterized by a diverse range of products, with amino acids being the most consumed due to their positive impact on crop yield and health. The largest application of biostimulants is in row crops, such as grains and cereals, which dominate the market share. Europe leads the global market, supported by strong governmental policies promoting organic farming and innovation in bio-based economies. The region's focus on reducing chemical dependency and increasing organic agricultural land is a key factor in its market dominance.
The biostimulants market is projected to continue its upward trajectory, with substantial growth anticipated over the forecast period. North America and Asia-Pacific are also significant markets, with initiatives in the United States and China promoting organic farming and the use of biostimulants. The market is fragmented, with major players like Biolchim SpA, Coromandel International Ltd, and Koppert Biological Systems Inc. actively contributing to its development through strategic acquisitions and product innovations. The global shift towards organic products and the expansion of organic crop cultivation areas are expected to drive the market further, as awareness among farmers and growers about the benefits of biostimulants continues to rise.
Biostimulants Market Size - Table of Contents
-
1. MARKET SEGMENTATION
-
1.1 Form
-
1.1.1 Amino Acids
-
1.1.2 Fulvic Acid
-
1.1.3 Humic Acid
-
1.1.4 Protein Hydrolysates
-
1.1.5 Seaweed Extracts
-
1.1.6 Other Biostimulants
-
-
1.2 Crop Type
-
1.2.1 Cash Crops
-
1.2.2 Horticultural Crops
-
1.2.3 Row Crops
-
-
1.3 Region
-
1.3.1 Africa
-
1.3.1.1 By Country
-
1.3.1.1.1 Egypt
-
1.3.1.1.2 Nigeria
-
1.3.1.1.3 South Africa
-
1.3.1.1.4 Rest of Africa
-
-
-
1.3.2 Asia-Pacific
-
1.3.2.1 By Country
-
1.3.2.1.1 Australia
-
1.3.2.1.2 China
-
1.3.2.1.3 India
-
1.3.2.1.4 Indonesia
-
1.3.2.1.5 Japan
-
1.3.2.1.6 Philippines
-
1.3.2.1.7 Thailand
-
1.3.2.1.8 Vietnam
-
1.3.2.1.9 Rest of Asia-Pacific
-
-
-
1.3.3 Europe
-
1.3.3.1 By Country
-
1.3.3.1.1 France
-
1.3.3.1.2 Germany
-
1.3.3.1.3 Italy
-
1.3.3.1.4 Netherlands
-
1.3.3.1.5 Russia
-
1.3.3.1.6 Spain
-
1.3.3.1.7 Turkey
-
1.3.3.1.8 United Kingdom
-
1.3.3.1.9 Rest of Europe
-
-
-
1.3.4 Middle East
-
1.3.4.1 By Country
-
1.3.4.1.1 Iran
-
1.3.4.1.2 Saudi Arabia
-
1.3.4.1.3 Rest of Middle East
-
-
-
1.3.5 North America
-
1.3.5.1 By Country
-
1.3.5.1.1 Canada
-
1.3.5.1.2 Mexico
-
1.3.5.1.3 United States
-
1.3.5.1.4 Rest of North America
-
-
-
1.3.6 South America
-
1.3.6.1 By Country
-
1.3.6.1.1 Argentina
-
1.3.6.1.2 Brazil
-
1.3.6.1.3 Rest of South America
-
-
-
-
Biostimulants Market Size FAQs
How big is the Biostimulants Market?
The Biostimulants Market size is expected to reach USD 4.06 billion in 2024 and grow at a CAGR of 10.21% to reach USD 6.60 billion by 2029.
What is the current Biostimulants Market size?
In 2024, the Biostimulants Market size is expected to reach USD 4.06 billion.