Biostimulants Market

Industry Overview

The Global Biostimulants Market Size was valued at USD 2.9 billion in 2023 and is anticipated to reach USD 5.9 billion by 2030, witnessing a CAGR of 12.3% during the forecast period 2025-2030. Biostimulants are naturally derived additives or microorganisms used in crops to increase crop production and cultivation to enhance nutritional efficiency, and crop quality, and maintain soil quality. They are used to improve the stress tolerance level of plants and crops specifically in times of drought.

Global food and agricultural production systems are facing certain challenges owing to rising demand for food due to increasing population, growing hunger and malnutrition, adverse climate change, soil degradation, overutilization of natural resources, loss of biodiversity, loss of food, and waste. With the prospering agriculture industry and rising adoption of organic farming practices, biostimulants are significantly adopted coupled with organic manure to enhance soil fertility and plant health. Furthermore, the rising demand for sustainably produced food has less concentration of synthetic chemicals and a high concentration of biologicals, resulting in the need for biostimulants.

The COVID-19 pandemic has led to positive growth in the biostimulants market as it helps in plant growth and increases crop and food production. However, lockdown measures and a lack of labor force have restricted production and trade movements in the initial months of the COVID-19 crisis along with reduced demand from major markets has decreased the profits of biostimulant manufacturers.

Market Segmentation

Insight by Active Ingredients

Based on active ingredients, the global biostimulants market is divided into acid-based, extract-based, microbial amendments, trace minerals and vitamins, and others. The acid-based segment is further divided into humic acid, amino acid, and fulvic acid. The extract-based segment is subdivided into seaweed extracts and other botanical extracts. The acid-based biostimulants dominate the market in 2023 as they stimulate fruit setting, flowering, pollination, and fruit development of plants. Moreover, ease in availability offers benefits to the plants, increases productivity will accelerate the growth of the acid-based biostimulants segment.

Seaweed extracts are anticipated to have the fastest growth as they are used as a plant growth substance like cytokinins, auxins, and gibberellins carbohydrates, and many nutritive metal elements such as iron, aluminum, nitrogen, manganese, and potassium. Some of the widely used seaweed extracts include brown, green, and red algae. Brown seaweed extract like Sargassum, Laminaria, and Fucus offers benefits like high nutrient uptake, increased yield, fast seed germination flower, fruit set, and increased fruit quality.

Insight by Crop Type

Based on the crop type, the global biostimulants market is divided into cereals & grains, oilseeds & pulses, fruits & vegetables, turfs & ornamentals, and others. The fruits & vegetables segment dominates the market as it widely applies biostimulants on crops so as to improve quality and sustain its standards as per exports. There is increasing demand for fruits & vegetables in the COVID-19 crisis as people have become conscious about their health and prefer nutritious and safe products. The cereals & grains segment is projected to have fast growth over the projected period and it adopts biostimulants as it improve the uptake of nutrients, tolerance to abiotic stress, and enhances the crop yield like wheat, rice, and barley. Thus, the increasing acceptance of sustainable and organic farming will create opportunities for growth in the global biostimulants market.

Insight by Formulation

Based on formulation, the global biostimulants market is bifurcated into liquid formulation and dry formulation. The liquid formulation is subdivided into suspension concentrates, soluble liquid concentrates, and emulsifiable concentrates. The dry formulation is subdivided into dry granules, wettable powder, and water dispersible. The liquid formulation dominates the biostimulants market as they can be easily applied and transported. Moreover, the liquid form provides fast absorption of nutrients by leaves, improves nutrient uptake, and enhances cellular activity.

Global Biostimulants Market Report Coverage

Industry Dynamics

Industry Trends

The increasing demand for clean label and organic food products in developed countries and the rising demand for sustainability in agriculture practices are the key trends prevailing in the global biostimulants market.  

Growth Drivers

The biostimulants market is gaining traction owing to the increasing crop yield and quality, mounting adoption of organic farming, increasing demand for organic food, advantages of biostimulants in crop production, rising awareness concerning environmental safety via biostimulants, robust soil degradation will fuel the growth of the biostimulants. In addition, biostimulants are non-toxic, have a low ecological footprint, are effective substitutes for chemical-based agro products, and are replaced at a high rate as it is environmentally friendly and has high performance. Furthermore, the rising need to support crops from abiotic stress due to changes in climatic conditions, technological development by key players, and reduction in the availability of arable land will propel the growth of the biostimulants market.

Challenges

The increasing R&D cost, high demand for synthetic fertilizers, scientific and technical difficulties in developing biostimulants, commercialization of low-quality biostimulant products, underdeveloped regulator framework in global markets, limited awareness about the availability of quality products in emerging economies will hamper the growth of the global biostimulants market. Furthermore, the lack of regulations associated with product commercialization will hamper the market growth rate.

Opportunities

Rising awareness regarding the ill effects of synthetic fertilizers coupled with rising initiatives by the government to promote biostimulants will further create lucrative growth opportunities.

Geographic Overview

Europe is anticipated to have the highest market share in the global biostimulants market as it has a high focus on agricultural sustainability and the rising advancement of innovative products. Spain, Italy, and France are the major drivers and exporters of biostimulants to the markets globally. Moreover, supportive regulations to enhance the production of organic foods will propel the growth of the biostimulant market in the region.

Asia-Pacific is expected to have the fastest growth as it has many agriculture-driven economies like India, Australia, and China. The population is dependent on the agriculture sector resulting in providing opportunities for growth in the region.

Competitive Insight

The industry players are adopting strategies such as product innovation, acquisitions, technology development, product expansion, and research & development activities to sustain in the market. Moreover, there are limited barriers to entry that allow new players to enter the market and enhance their geographical reach. The companies are integrating forward and backward to enhance their profit margins and gain high bargaining power.

UPL AgroSolutions Canada has received registration from the Canadian Food Inspection Agency for its first biosolutions product i.e., OHM Biostimulant. OHM is a highly concentrated liquid form of Ascophyllum nodosum seaweed extract that enhances the efficiency of nutrient use to improve plant growth and development.

Valagro manufactures a unique biostimulant line that provides farmers with a product line containing purely naturally derived active ingredients that stimulate the plant's major physiological processes while promoting plant growth and productivity.

FMC Corporation is an agricultural science company that offers innovative solutions to farmers around the world with a rapid product portfolio that leverages market-driven R&D in crop protection, plant health, professional pest, and turf management. FMC product Accudo biostimulant, a microbial innovation will lead to a yield increase of over 15%. It improves root development and has antifungal resistance, resulting in significantly higher yields compared to competing products.

FMC India, a pioneer in agricultural sciences, launched ENTAZIATM biofungicide, a novel biological crop protection product created with Bacillus subtilis, in August 2023. This cutting-edge technology provides farmers with a potent and sustainable tool for fungus protection while protecting environmental purity.

ENTAZIATM fungicide can be used in conjunction with FMC's biostimulants and synthetic fungicides in an integrated pest control program to provide additional plant advantages.

In February 2023, Bayer and Kimitec established a new strategic alliance aimed at speeding up the research and commercialization of biological crop protection solutions and biostimulants.

Some of the key players operating in the biostimulants market: are BASF SE, UPL, Valagro, Gowan Company, FMC Corporation, ILSA S.p.A, Rallis India Limited, Haifa Negev Technologies LTD, EuroChem Group, Bayer AG.

The Biostimulants Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• Active Ingredients
  • Acid-Based
    • Humic Acid
    • Amino Acid
    • Fulvic Acid
  • Extract-Based
    • Seaweed Extracts
    • Other Botanical Extracts
  • Microbial Amendments
  • Trace Minerals and Vitamins
  • Others
• Crop Type
  • Cereals & Grains
  • Oilseeds & Pulses
  • Fruits & Vegetables
  • Turfs & Ornamentals
  • Others
• Formulation
  • Liquid Formulation
    • Suspension Concentrates
    • Soluble Liquid Concentrates
    • Emulsifiable Concentrates
  • Dry Formulation
    • Dry Granules
    • Wettable Powder
    • Water Dispersible

Geographical Segmentation

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Active Ingredients
                1.2.2.    By Crop Type
                1.2.3.    By Formulation                                
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Active Ingredients
                5.1.1.    Acid-based
                        5.1.1.1.    Humic Acid
                                    5.1.1.1.1. Market Definition
                                    5.1.1.1.2. Market Estimation and Forecast to 2030
                        5.1.1.2.    Amino Acid
                                    5.1.1.2.1. Market Definition
                                    5.1.1.2.2. Market Estimation and Forecast to 2030
                        5.1.1.3.    Fulvic Acid
                                    5.1.1.3.1. Market Definition
                                    5.1.1.3.2. Market Estimation and Forecast to 2030
                5.1.2.    Extract-based
                        5.1.2.1.    Seaweed Extracts
                                    5.1.2.1.1. Market Definition
                                    5.1.2.1.2. Market Estimation and Forecast to 2030
                        5.1.2.2.    Other Botanical Extracts
                                    5.1.2.2.1. Market Definition
                                    5.1.2.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Microbial Amendments
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
                5.1.4.    Trace Minerals and Vitamins
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
                5.1.5.    Others
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030      
        5.2.    By Crop Type
                5.2.1.    Cereals & Grains
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Oilseeds & Pulses
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Fruits & Vegetables
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030
                5.2.4.    Turfs & Ornamentals
                        5.2.4.1. Market Definition
                        5.2.4.2. Market Estimation and Forecast to 2030
                5.2.5.    Others
                        5.2.5.1. Market Definition
                        5.2.5.2. Market Estimation and Forecast to 2030  
        5.3.    By Formulation   
                5.3.1.    Liquid Formulation
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Dry Formulation
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Active Ingredients
        6.2.    By Crop Type
        6.3.    By Formulation
        6.4.    By Country
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Active Ingredients
        7.2.    By Crop Type
        7.3.    By Formulation                
        7.4.    By Country
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Active Ingredients
        8.2.    By Crop Type
        8.3.    By Formulation
        8.4.    By Country
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Singapore Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Active Ingredients
        9.2.    By Crop Type
        9.3.    By Formulation
        9.4.    By Country
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    BASF SE
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    UPL
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Valagro
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Gowan Company
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    FMC Corporation
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    ILSA S.p.A
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Rallis India Limited
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Haifa Negev Technologies LTD
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    EuroChem Group
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Bayer AG
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4  Global Biostimulants Market, Insight by Active Ingredients, 2018–2023 (USD Billion)
Table 5  Global Biostimulants Market, Insight by Active Ingredients, 2025–2030 (USD Billion)
Table 6  Global Biostimulants Market, Insight by Crop Type, 2018–2023 (USD Billion)
Table 7  Global Biostimulants Market, Insight by Crop Type, 2025–2030 (USD Billion)
Table 8  Global Biostimulants Market, Insight by Formulation, 2018–2023 (USD Billion)
Table 9  Global Biostimulants Market, Insight by Formulation, 2025–2030 (USD Billion)
Table 10  Global Biostimulants Market, Insight by Region, 2018–2023 (USD Billion)
Table 11  Global Biostimulants Market, Insight by Region, 2025–2030 (USD Billion)
Table 12 North America Biostimulants Market, Insight by Active Ingredients, 2018–2023 (USD Billion)
Table 13 North America Biostimulants Market, Insight by Active Ingredients, 2025–2030 (USD Billion)
Table 14 North America Biostimulants Market, Insight by Crop Type, 2018–2023 (USD Billion)
Table 15 North America Biostimulants Market, Insight by Crop Type, 2025–2030 (USD Billion)
Table 16 North America Biostimulants Market, Insight by Formulation, 2018–2023 (USD Billion)
Table 17 North America Biostimulants Market, Insight by Formulation, 2025–2030 (USD Billion)
Table 18 North America Biostimulants Market, Insight by Region, 2018–2023 (USD Billion)
Table 19 North America Biostimulants Market, Insight by Region, 2025–2030 (USD Billion)
Table 20 Europe Biostimulants Market, Insight by Active Ingredients, 2018–2023 (USD Billion)
Table 21 Europe Biostimulants Market, Insight by Active Ingredients, 2025–2030 (USD Billion)
Table 22 Europe Biostimulants Market, Insight by Crop Type, 2018–2023 (USD Billion)
Table 23 Europe Biostimulants Market, Insight by Crop Type, 2025–2030 (USD Billion)
Table 24 Europe Biostimulants Market, Insight by Formulation, 2018–2023 (USD Billion)
Table 25 Europe Biostimulants Market, Insight by Formulation, 2025–2030 (USD Billion)
Table 26 Europe Biostimulants Market, Insight by Region, 2018–2023 (USD Billion)
Table 27 Europe Biostimulants Market, Insight by Region, 2025–2030 (USD Billion)
Table 28 Asia-Pacific Biostimulants Market, Insight by Active Ingredients, 2018–2023 (USD Billion)
Table 29 Asia-Pacific Biostimulants Market, Insight by Active Ingredients, 2025–2030 (USD Billion)
Table 30 Asia-Pacific Biostimulants Market, Insight by Crop Type, 2018–2023 (USD Billion)
Table 31 Asia-Pacific Biostimulants Market, Insight by Crop Type, 2025–2030 (USD Billion)
Table 32 Asia-Pacific Biostimulants Market, Insight by Formulation, 2018–2023 (USD Billion)
Table 33 Asia-Pacific Biostimulants Market, Insight by Formulation, 2025–2030 (USD Billion)
Table 34 Asia-Pacific Biostimulants Market, Insight by Region, 2018–2023 (USD Billion)
Table 35 Asia-Pacific Biostimulants Market, Insight by Region, 2025–2030 (USD Billion)
Table 36 RoW Biostimulants Market, Insight by Active Ingredients, 2018–2023 (USD Billion)
Table 37 RoW Biostimulants Market, Insight by Active Ingredients, 2025–2030 (USD Billion)
Table 38 RoW Biostimulants Market, Insight by Crop Type, 2018–2023 (USD Billion)
Table 39 RoW Biostimulants Market, Insight by Crop Type, 2025–2030 (USD Billion)
Table 40 RoW Biostimulants Market, Insight by Formulation, 2018–2023 (USD Billion)
Table 41 RoW Biostimulants Market, Insight by Formulation, 2025–2030 (USD Billion)
Table 42 RoW Biostimulants Market, Insight by Region, 2018–2023 (USD Billion)
Table 43 RoW Biostimulants Market, Insight by Region, 2025–2030 (USD Billion)
Table 44 Snapshot – BASF SE
Table 45 Snapshot – UPL
Table 46 Snapshot – Valagro
Table 47 Snapshot – Gowan Company
Table 48 Snapshot – FMC Corporation
Table 49 Snapshot – ILSA S.p.A
Table 50 Snapshot – Rallis India Limited
Table 51 Snapshot – Haifa Negev Technologies LTD
Table 52 Snapshot – EuroChem Group
Table 53 Snapshot – Bayer AG

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Biostimulants Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Biostimulants Market Highlight
Figure 12 Global Biostimulants Market, Insight by Active Ingredients, 2018 - 2030 (USD Billion)
Figure 13 Global Biostimulants Market, Insight by Crop Type, 2018 - 2030 (USD Billion)
Figure 14 Global Biostimulants Market, Insight by Formulation, 2018 - 2030 (USD Billion)
Figure 15 Global Biostimulants Market, Insight by Region, 2018 - 2030 (USD Billion)
Figure 16 North America Biostimulants Market Highlight
Figure 17 North America Biostimulants Market, Insight by Active Ingredients, 2018 - 2030 (USD Billion)
Figure 18 North America Biostimulants Market, Insight by Crop Type, 2018 - 2030 (USD Billion)
Figure 19 North America Biostimulants Market, Insight by Formulation, 2018 - 2030 (USD Billion)
Figure 20 North America Biostimulants Market, Insight by Region, 2018 - 2030 (USD Billion)
Figure 21 Europe Biostimulants Market Highlight
Figure 22 Europe Biostimulants Market, Insight by Active Ingredients, 2018 - 2030 (USD Billion)
Figure 23 Europe Biostimulants Market, Insight by Crop Type, 2018 - 2030 (USD Billion)
Figure 24 Europe Biostimulants Market, Insight by Formulation, 2018 - 2030 (USD Billion)
Figure 25 North America Biostimulants Market, Insight by Region, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Biostimulants Market Highlight
Figure 27 Asia-Pacific Biostimulants Market, Insight by Active Ingredients, 2018 - 2030 (USD Billion)
Figure 28 Asia-Pacific Biostimulants Market, Insight by Crop Type, 2018 - 2030 (USD Billion)
Figure 29 Asia-Pacific Biostimulants Market, Insight by Formulation, 2018 - 2030 (USD Billion)
Figure 30 North America Biostimulants Market, Insight by Region, 2018 - 2030 (USD Billion)
Figure 31 RoW Biostimulants Market Highlight
Figure 32 RoW Biostimulants Market, Insight by Active Ingredients, 2018 - 2030 (USD Billion)
Figure 33 RoW Biostimulants Market, Insight by Crop Type, 2018 - 2030 (USD Billion)
Figure 34 RoW Biostimulants Market, Insight by Formulation, 2018 - 2030 (USD Billion)
Figure 35 North America Biostimulants Market, Insight by Region, 2018 - 2030 (USD Billion)