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South America Biostimulants Market Size,Industry Report 2031
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South America Biostimulants Market Size,Industry Report 2031

Segments - South America Biostimulants Market by Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysates, Seaweed Extracts, and Other Active Ingredients), Origins (Natural Biostimulants and Biosynthetic Biostimulants), Applications (Foliar, Soil, and Seed Applications), Crop Types (Cereals, Oilseeds, Fruits And Vegetables, Turf and Ornamentals, and Other Crop Types) and Geography (Brazil, Argentina, and Rest of South America) - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2112 | 4.8 Rating | 62 Reviews | 190 Pages | Format : PDF Excel PPT

Report Description


The South America Biostimulants Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 13.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to increasing focus on agricultural intelligence.

Biostimulants are natural substances that are applied to seeds, plants, and soil. They enhance the plant growth with its bio-active compounds. These compounds have sound water holding capacity, high metabolism, provides nutrient, and improves the production of chlorophyll. It helps the plants to be more resilient to harsh environments.

South America Biostimulants Market Outlook

The COVID-19 outbreak led to the closedown of manufacturing facilities, which in turn, disrupted the production and sales of biostimulants. However, relaxation on restrictions is anticipated to help the market recover soon.

  • Growing demand for natural substances to ensure food safety and sustainable agricultural practices is expected to drive the market growth.

  • Growing awareness about biostimulants among farmers uses is anticipated to spur the growth of the market.

  • Larger areas of plant cultivation can accelerate the market growth. Moreover, reduced arable land has increased the demand for biostimulants to increase the crop yield, driving the market growth.

  • The alternatives of biostimulants over health concerns can create challenges, hindering the market growth.

  • Easy availability of seaweed can create lucrative opportunities for the market growth.

Scope of the Report

The report on the South America biostimulants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

South America Biostimulants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2031

Forecast Period

2023–2031

Segmentation

Active Ingredients (Humic Acid, Fulvic Acid, Amino Acid, Protein Hydrolysates, Seaweed Extracts, and Other Active Ingredients), Origins (Natural Biostimulants and Biosynthetic Biostimulants), Applications (Foliar, Soil, and Seed Applications), Crop Types (Cereals, Oilseeds, Fruits And Vegetables, Turf and Ornamentals, and Other Crop Types)

Geographical Scope

Brazil, Argentina, and Rest of South America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Valagro; Lallemand; UPL Limited; Koppert BV; and Omex Agriculture Ltd

 

South America Biostimulants Market Segment Insights

Amino Acid segment is expected to exhibit a high CAGR

Based on active ingredients, the market is divided into humic acid, fulvic acid, amino acid, protein hydrolysates, seaweed extracts, and other active ingredients. The amino acid segment is expected to grow at a rapid pace during the forecast period owing to growing adoption of organic chemical compounds as active ingredients for biostimulants production. However, the seaweed extracts segment is anticipated to hold a major share of the market in the coming years owing to easy availability of seaweed, which can promote the growth and improve the quality of the plants.

Natural segment is projected to expand at a considerable CAGR

On the basis of origins, the market is segregated into natural biostimulants and biosynthetic biostimulants. The natural segment is projected to expand at a substantial CAGR during the forecast period due to increasing tolerance to environmental stress. On the other hand, the biosynthetic biostimulants segment is anticipated to account for a major market share owing to rising formulation of microbial substances. This type of substance strengthens the plant stem.

Soil segment is expected to grow at a healthy rate

In terms of applications, the market is divided into foliar, soil, and other applications. The soil segment is expected to grow at a rapid pace during the forecast period owing to increasing soil fertilization due to its cost-effectiveness. However, the foliar segment is anticipated to hold a key share of the market in the coming years. Instant activation of simulating photosynthesis and increasing plant metabolism are driving the segment growth.

Cereal segment is projected to grow at a robust pace

Based on crop types, the market is divided into cereals, oilseeds, fruits and vegetables, turf and ornamentals, and other crop types. The cereal segment is projected to grow at a robust pace due to increasing consumption of cereals such as wheat, rye, oats, and maize. However, the fruits & vegetables segment is anticipated to hold a major share of the market in the coming years owing to rising necessity to meet the daily requirements of fruits & vegetables.

South America Biostimulants Market Crop Types

Brazil is anticipated to constitute a key market share

In terms of geography, the market is classified as Brazil, Argentina and the rest of South America. The market in Brazil is expected to constitute a major share of the market during the projected period. Easy availability of natural substances such as seaweed and humic acids is driving the country’s market growth. However, Argentina is anticipated to expand at a rapid pace during the forecast period as the climate in Argentina is quite challenging, which makes it difficult to secure high crop yield.

Segments

The South America biostimulants market has been segmented on the basis of

Active Ingredients

  • Humic Acid
  • Fulvic Acid
  • Amino Acid
  • Protein Hydrolysates
  • Seaweed Extracts
  • Other Active Ingredients

Origins

  • Natural
  • Biosynthetic Biostimulants

Crop Types

  • Cereals
  • Oilseeds
  • Fruits & Vegetables
  • Turf & Ornamentals
  • Other Crop Types

Geography

  • Brazil
  • Argentina
  • Rest of Latin America

Key Players

  • Valagro
  • Lallemand
  • UPL Limited
  • Koppert BV
  • Omex Agriculture Ltd

Competitive Landscape

Key players competing in the South America biostimulants market are Valagro; Lallemand; UPL Limited; Koppert BV; and Omex Agriculture Ltd.

On February 9, 2021, UPL Limited and Novozymes, a global biotechnology company, announced a partnership to provide a wide range of biological products to the market in South America.

South America Biostimulants Market Key Players

Frequently Asked Questions

Major companies covered in the report include Valagro, Lallemand, UPL Limited, Koppert BV, and Omex Agriculture Ltd.

Brazil is anticipated to constitute a key market share due to the easy availability of natural substances like seaweed and humic acids. Argentina is also expected to expand rapidly due to challenging climate conditions that increase the need for biostimulants.

COVID-19 led to the closure of manufacturing facilities, disrupting the production and sales of biostimulants. However, the market is expected to recover as restrictions are relaxed.

Cereals are projected to grow robustly due to increased consumption of wheat, rye, oats, and maize. However, the fruits and vegetables segment is expected to hold a major share due to the necessity of meeting daily dietary requirements.

The soil application segment is expected to grow at a rapid pace due to its cost-effectiveness, while the foliar segment is anticipated to hold a significant share due to its role in activating photosynthesis and increasing plant metabolism.

The market is segmented into natural biostimulants and biosynthetic biostimulants. Natural biostimulants are projected to expand at a substantial CAGR, while biosynthetic biostimulants are expected to account for a major share due to the rising use of microbial formulations.

The amino acid segment is expected to exhibit a high CAGR due to the growing adoption of organic chemical compounds for biostimulant production. Seaweed extracts are also anticipated to hold a major market share due to their easy availability.

Key drivers include the growing demand for natural substances to ensure food safety, sustainable agricultural practices, increased awareness among farmers, larger cultivation areas, and the need to increase crop yield due to reduced arable land.

Biostimulants are natural substances applied to seeds, plants, or soil to enhance plant growth through bio-active compounds. They improve water holding capacity, metabolism, nutrient uptake, and chlorophyll production, making plants more resilient to harsh environments.

The South America biostimulants market was valued at USD XX Billion in 2022 and is projected to surpass USD XX Billion by 2031, growing at a CAGR of 13.8% from 2023 to 2031.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Biostimulants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Biostimulants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Biostimulants Market - Supply Chain
  4.5. Global Biostimulants Market Forecast
     4.5.1. Biostimulants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Biostimulants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Biostimulants Market Absolute $ Opportunity
5. Global Biostimulants Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Biostimulants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Biostimulants Demand Share Forecast, 2019-2026
6. North America Biostimulants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Biostimulants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Biostimulants Demand Share Forecast, 2019-2026
7. Latin America Biostimulants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Biostimulants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Biostimulants Demand Share Forecast, 2019-2026
8. Europe Biostimulants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Biostimulants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Biostimulants Demand Share Forecast, 2019-2026
9. Asia Pacific Biostimulants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Biostimulants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Biostimulants Demand Share Forecast, 2019-2026
10. Middle East & Africa Biostimulants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Biostimulants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Biostimulants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Biostimulants Market: Market Share Analysis
  11.2. Biostimulants Distributors and Customers
  11.3. Biostimulants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Valagro
     11.4.2. Lallemand
     11.4.3. UPL Limited
     11.4.4. Koppert BV
     11.4.5. Omex Agriculture Ltd

Methodology

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