Market Size of south america biostimulants Industry
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 480.37 Million |
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Market Size (2029) | USD 823.78 Million |
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Largest Share by Form | Seaweed Extracts |
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CAGR (2024 - 2029) | 11.39 % |
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Largest Share by Country | Brazil |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
South America Biostimulants Market Analysis
The South America Biostimulants Market size is estimated at 480.37 million USD in 2024, and is expected to reach 823.78 million USD by 2029, growing at a CAGR of 11.39% during the forecast period (2024-2029).
480.37 Million
Market Size in 2024 (USD)
823.78 Million
Market Size in 2029 (USD)
5.36 %
CAGR (2017-2023)
11.39 %
CAGR (2024-2029)
Largest by Form
52.92 %
value share, Seaweed Extracts, 2023
Seaweed extract biostimulants shows beneficial effects on plants increases overall plant growth and productivity and increases resistance to biotic and abiotic stresses.
Fastest by Form
14.43 %
Projected CAGR, Amino Acids, 2024-2029
Amino acids plays important role in enhancing plant productivity especially, under stress conditions. Row crops dominated the amino acids market with a share of 82.7% in 2022.
Largest by Crop Type
78.47 %
value share, Row Crops, 2023
The major row crops cultivated include Barley, Corn, Rice, Sorghum, Soybean, Sunflower, and Wheat. In 2022, field crops having 2.3 lakh hectares Organic acreage.
Largest by Country
64 %
value share, Brazil, 2023
In Brazil, cash crops holding more organic acreage share accounted for about 86.1% in 2022. Cotton, Sugarcane, and coffee are the major cash crops grown in the country.
Leading Market Player
2.87 %
market share, Trade Corporation International, 2022
Trade Corporation International offers biostimulant products that provide both micro and macronutrients associated with amino acids obtained through biological fermentation.
- In the South American biostimulant market, many biostimulants are used as active ingredients, including humic acids, fulvic acids, amino acids, protein hydrolysates, seaweed extracts, chitosan, biopolymers, and other biostimulants such as plant and animal derivatives. Between 2017 and 2022, the value of the biostimulants market in the region increased by 21.4%.
- The extreme crop stress of Argentina's historic drought season helped demonstrate the powerful effects of biostimulants under difficult growing conditions for corn and soybean. Row crops accounted for 78.3% of the biostimulants market value in 2022. This is due to row crops accounting for approximately 82.3% of the total organic crop area in the region in 2022. Cash crops and horticultural crops accounted for 16.1% and 5.6% of total biostimulants, respectively.
- In South America, seaweed extract biostimulants held the largest market share, amounting to 51.8% in 2022. With a consumption volume of 26.5 thousand metric tons, the segment was worth USD 199.9 million in 2022. This is due to their ability to improve overall plant health, stress tolerance, root growth, nutrition and water intake, plant growth, and crop yield. Seaweed extracts improve the nutrient uptake and translocation in crops such as maize, oilseed, rapeseed, tomato, wheat, and soybean.
- Amino acids are the second most consumed biostimulants in the region, with consumption increasing by 20.9% between 2017 and 2022, from 9.2 thousand metric tons in 2017 to 11.2 thousand metric tons in 2022, owing primarily to the region's increasing trend toward sustainable or organic agriculture. The biostimulants market value is anticipated to grow by 89.4% between 2023 and 2029.
Understand The Key Trends Shaping This Market
- The South American biostimulants market is experiencing significant growth, driven by the region's focus on low-carbon agriculture and the need to feed a growing global population. The usage of both microbial and non-microbial biostimulants in agriculture can lead to substantial reductions in greenhouse gas emissions, making it a top priority for South American nations.
- Brazil is the largest market for biostimulants in the region, accounting for 64% of the market share. However, the expansion of agriculture for commodity production has resulted in severe erosion of arable land. To address this issue, Brazil aims to meet the United Nations' soil restoration goal well before 2030 by inoculating degraded lands with beneficial soil microbes, including more effective biostimulants.
- Argentina is a leading country in terms of organic food production in South America, with major organic exports, including cereals, oilseeds, fruits, and sugarcane. The rise in domestic and international demand for organic products is driving the growth of the biostimulants market in the country, which is expected to register a CAGR of 12.52% during the forecast period.
- The growing awareness among farmers in the region about the benefits of organic agriculture is another factor driving the market growth of organic inputs such as biostimulants. Farmers are considering organic agriculture as an alternative to maintain and protect their local resources and avoid damage to the environment. The biostimulants market in South America is projected to register a CAGR of 10.8% during the forecast period (2023-2029), indicating significant potential for the region's agriculture industry.
South America 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. Argentina, Brazil are covered as segments by Country.
- In the South American biostimulant market, many biostimulants are used as active ingredients, including humic acids, fulvic acids, amino acids, protein hydrolysates, seaweed extracts, chitosan, biopolymers, and other biostimulants such as plant and animal derivatives. Between 2017 and 2022, the value of the biostimulants market in the region increased by 21.4%.
- The extreme crop stress of Argentina's historic drought season helped demonstrate the powerful effects of biostimulants under difficult growing conditions for corn and soybean. Row crops accounted for 78.3% of the biostimulants market value in 2022. This is due to row crops accounting for approximately 82.3% of the total organic crop area in the region in 2022. Cash crops and horticultural crops accounted for 16.1% and 5.6% of total biostimulants, respectively.
- In South America, seaweed extract biostimulants held the largest market share, amounting to 51.8% in 2022. With a consumption volume of 26.5 thousand metric tons, the segment was worth USD 199.9 million in 2022. This is due to their ability to improve overall plant health, stress tolerance, root growth, nutrition and water intake, plant growth, and crop yield. Seaweed extracts improve the nutrient uptake and translocation in crops such as maize, oilseed, rapeseed, tomato, wheat, and soybean.
- Amino acids are the second most consumed biostimulants in the region, with consumption increasing by 20.9% between 2017 and 2022, from 9.2 thousand metric tons in 2017 to 11.2 thousand metric tons in 2022, owing primarily to the region's increasing trend toward sustainable or organic agriculture. The biostimulants market value is anticipated to grow by 89.4% between 2023 and 2029.
| Form | |
| Amino Acids | |
| Fulvic Acid | |
| Humic Acid | |
| Protein Hydrolysates | |
| Seaweed Extracts | |
| Other Biostimulants |
| Crop Type | |
| Cash Crops | |
| Horticultural Crops | |
| Row Crops |
| Country | |
| Argentina | |
| Brazil | |
| Rest of South America |
Need A Different Region Or Segment?
South America Biostimulants Market Size Summary
The South American biostimulants market is poised for substantial growth, driven by the increasing adoption of sustainable agricultural practices and the need to enhance crop resilience in the face of climate challenges. Biostimulants, which include a variety of active ingredients such as humic and fulvic acids, amino acids, and seaweed extracts, are gaining traction for their ability to improve plant health, stress tolerance, and crop yields. The market is characterized by a significant focus on row crops, which dominate the market due to their extensive cultivation in the region. Brazil stands out as the largest market, with a significant share attributed to its vast agricultural sector, while Argentina leads in organic food production, further fueling the demand for biostimulants.
The region's commitment to low-carbon agriculture and organic farming is a key driver of the biostimulants market's expansion. As South America continues to be a major producer and exporter of organic food, the demand for naturally grown products is on the rise, supported by increasing consumer awareness and willingness to pay a premium for organic products. The market remains fragmented, with major players like Biolchim SpA and Koppert Biological Systems Inc. holding a modest share. Recent developments, such as the acquisition of Plant Response by The Mosaic Company and the launch of new biostimulant products, highlight the dynamic nature of the market. These trends underscore the potential for biostimulants to play a crucial role in enhancing agricultural productivity and sustainability in South America.
South America Biostimulants Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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1.1 Form
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1.1.1 Amino Acids
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1.1.2 Fulvic Acid
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1.1.3 Humic Acid
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1.1.4 Protein Hydrolysates
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1.1.5 Seaweed Extracts
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1.1.6 Other Biostimulants
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1.2 Crop Type
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1.2.1 Cash Crops
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1.2.2 Horticultural Crops
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1.2.3 Row Crops
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1.3 Country
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1.3.1 Argentina
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1.3.2 Brazil
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1.3.3 Rest of South America
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South America Biostimulants Market Size FAQs
How big is the South America Biostimulants Market?
The South America Biostimulants Market size is expected to reach USD 480.37 million in 2024 and grow at a CAGR of 11.39% to reach USD 823.78 million by 2029.
What is the current South America Biostimulants Market size?
In 2024, the South America Biostimulants Market size is expected to reach USD 480.37 million.
