Market Size of africa micronutrient fertilizer Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 135.5 Million |
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Market Size (2030) | USD 210.1 Million |
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Largest Share by Product | Zinc |
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CAGR (2024 - 2030) | 7.58 % |
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Largest Share by Country | South Africa |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Africa Micronutrient Fertilizer Market Analysis
The Africa Micronutrient Fertilizer Market size is estimated at 135.5 million USD in 2024, and is expected to reach 210.1 million USD by 2030, growing at a CAGR of 7.58% during the forecast period (2024-2030).
135.5 Million
Market Size in 2024 (USD)
210.1 Million
Market Size in 2030 (USD)
6.24 %
CAGR (2017-2023)
7.58 %
CAGR (2024-2030)
Largest Segment by Type
34.11 %
value share, Zinc, 2023
Zinc is deficient in approximately 75% of the arable soils in sub-Saharan Africa which will drive the demand of zinc micronutrient fertilizers during the forecast period.
Fastest Growing Type
10.39 %
Projected CAGR, Molybdenum, 2024-2030
There was a significant rise in the consumption of molybdenum-based fertilizers. This surge was primarily driven by their increased use in acidic, low pH, and low organic soils.
Largest Segment by Crop Type
82.26 %
value share, Field Crops, 2023
The dominance of field crops is majorly due to the adoption of conventional agriculture practices resulting in nutrient deficit, which will be supplemented by fertilization.
Largest segment by Country
44.88 %
value share, South Africa, 2023
Dominance of Nigeria is attributed to the distinctive climatic conditions prevalent in the country, coupled with notable nutrient deficiencies inherent in the country's soils
Leading Market Player
31.23 %
market share, Yara International ASA, 2022
Yara International emerged as a market leader by focussing on product innovations like Yaraprocote a coated micronutrient fertilizer which reduces nutrient losses upto 32%.
Micronutrient deficiencies in the region's soils may drive the market
- Zinc, the most widely consumed micronutrient fertilizer in the region, accounted for 30.7% of the total consumption in the year 2022. Its prominence is attributed to its role in enhancing crop yields. African countries grappling with socio-economic challenges, such as malnutrition, are striving to boost productivity. Notably, zinc deficiency is prevalent in the region's agricultural soils, further driving up the demand for zinc fertilizers.
- Boron, the second most consumed micronutrient fertilizer in Africa, saw a volume consumption of 23.0 thousand metric tons in the year 2022, capturing a 24.8% market share. It plays a crucial role in early-stage root development and activating enzymes that aid in the uptake of major nutrients like potassium, potentially bolstering its market prospects.
- Iron, the third most consumed micronutrient fertilizer in Africa, constituted 19.5% of the total consumption and 11.7% of the market value in the year 2022. Its usage is propelled by prevalent nutrient deficiencies in the region's soils.
- Manganese and copper are commonly employed micronutrients, primarily used when deficiency symptoms arise. In 2022, manganese and copper accounted for shares of 12.1% and 9.0%, respectively. On the other hand, micronutrients like molybdenum, cobalt, chlorine, nickel, and selenium, though abundant in the soil, are less in demand due to their lower requirements. However, with soil quality deteriorating, there is a gradual uptick in the application of these fertilizers.
Growing population and increasing food insecurity concerns propel the micronutrient fertilizer market
- In 2022, the Sub-Saharan African region, home to 13% of the global population, boasted around 20% of the world's agricultural land. Despite this advantage, the region grapples with significant food insecurity. This issue stems from limited food production, largely due to a lack of modern mechanization, underutilization of fertilizers, and prevalent soil micronutrient deficiencies.
- In 2022, Nigeria led the way in the micronutrient fertilizer market, accounting for 26.0% of the total volume. Field crops dominated the fertilizer landscape, claiming a whopping 98.5% share, equivalent to 22.3 thousand metric tons. Horticulture crops trailed behind with a modest 1.4% market share. This preference for field crops can be attributed to the region's intensive agricultural practices, which often lead to nutrient deficiencies necessitating fertilizer supplementation.
- South Africa held a significant value share of 24.4% in the African micronutrient fertilizer market in 2022. Within South Africa, conventional micronutrient fertilizers commanded a lion's share of 91.0%, valued at USD 52.6 million. Specialty micronutrient fertilizers, on the other hand, held a 9.0% share, amounting to USD 6.4 million. The popularity of conventional fertilizers can be attributed to their efficacy in swiftly addressing micronutrient deficiencies, especially through soil application.
- Given the expanding cultivation areas and the region's escalating food demand, the sales of micronutrient fertilizers are poised for growth during 2023-2030.
Africa Micronutrient Fertilizer Industry Segmentation
Boron, Copper, Iron, Manganese, Molybdenum, Zinc, Others are covered as segments by Product. Fertigation, Foliar, Soil are covered as segments by Application Mode. Field Crops, Horticultural Crops, Turf & Ornamental are covered as segments by Crop Type. Nigeria, South Africa are covered as segments by Country.
- Zinc, the most widely consumed micronutrient fertilizer in the region, accounted for 30.7% of the total consumption in the year 2022. Its prominence is attributed to its role in enhancing crop yields. African countries grappling with socio-economic challenges, such as malnutrition, are striving to boost productivity. Notably, zinc deficiency is prevalent in the region's agricultural soils, further driving up the demand for zinc fertilizers.
- Boron, the second most consumed micronutrient fertilizer in Africa, saw a volume consumption of 23.0 thousand metric tons in the year 2022, capturing a 24.8% market share. It plays a crucial role in early-stage root development and activating enzymes that aid in the uptake of major nutrients like potassium, potentially bolstering its market prospects.
- Iron, the third most consumed micronutrient fertilizer in Africa, constituted 19.5% of the total consumption and 11.7% of the market value in the year 2022. Its usage is propelled by prevalent nutrient deficiencies in the region's soils.
- Manganese and copper are commonly employed micronutrients, primarily used when deficiency symptoms arise. In 2022, manganese and copper accounted for shares of 12.1% and 9.0%, respectively. On the other hand, micronutrients like molybdenum, cobalt, chlorine, nickel, and selenium, though abundant in the soil, are less in demand due to their lower requirements. However, with soil quality deteriorating, there is a gradual uptick in the application of these fertilizers.
| Product | |
| Boron | |
| Copper | |
| Iron | |
| Manganese | |
| Molybdenum | |
| Zinc | |
| Others |
| Application Mode | |
| Fertigation | |
| Foliar | |
| Soil |
| Crop Type | |
| Field Crops | |
| Horticultural Crops | |
| Turf & Ornamental |
| Country | |
| Nigeria | |
| South Africa | |
| Rest of Africa |
Africa Micronutrient Fertilizer Market Size Summary
The Africa Micronutrient Fertilizer Market is experiencing a notable expansion, driven by the increasing recognition of the importance of micronutrients in enhancing agricultural productivity. Zinc, boron, and iron are the most consumed micronutrients in the region, with zinc being particularly significant due to its role in improving crop yields and addressing soil deficiencies. The demand for these fertilizers is further fueled by the socio-economic challenges faced by African countries, such as malnutrition and food insecurity, which are exacerbated by limited food production and underutilization of fertilizers. The market is characterized by a shift towards sustainable farming practices, as farmers seek to optimize soil health and boost crop yields through the application of micronutrients.
The market landscape is moderately consolidated, with key players like Haifa Group, K+S Aktiengesellschaft, Kynoch Fertilizer, UPL Limited, and Yara International ASA holding significant shares. These companies are actively expanding their operations in the region through strategic acquisitions and partnerships, aiming to strengthen their presence in southern and eastern Africa. The African micronutrient fertilizer market is poised for continued growth, supported by the expanding cultivation areas and the rising demand for crops. As the region grapples with food security challenges, the adoption of micronutrient fertilizers is expected to play a crucial role in enhancing agricultural productivity and ensuring food security.
Africa Micronutrient Fertilizer Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Product
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1.1.1 Boron
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1.1.2 Copper
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1.1.3 Iron
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1.1.4 Manganese
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1.1.5 Molybdenum
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1.1.6 Zinc
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1.1.7 Others
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1.2 Application Mode
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1.2.1 Fertigation
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1.2.2 Foliar
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1.2.3 Soil
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1.3 Crop Type
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1.3.1 Field Crops
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1.3.2 Horticultural Crops
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1.3.3 Turf & Ornamental
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1.4 Country
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1.4.1 Nigeria
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1.4.2 South Africa
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1.4.3 Rest of Africa
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Africa Micronutrient Fertilizer Market Size FAQs
How big is the Africa Micronutrient Fertilizer Market?
The Africa Micronutrient Fertilizer Market size is expected to reach USD 135.52 million in 2024 and grow at a CAGR of 7.58% to reach USD 210.13 million by 2030.
What is the current Africa Micronutrient Fertilizer Market size?
In 2024, the Africa Micronutrient Fertilizer Market size is expected to reach USD 135.52 million.
