Market Size of brazil biostimulants Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 306.60 Million |
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Market Size (2029) | USD 520.09 Million |
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Largest Share by Form | Seaweed Extracts |
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CAGR (2024 - 2029) | 11.15 % |
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Fastest Growing by Form | Amino Acids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Biostimulants Market Analysis
The Brazil Biostimulants Market size is estimated at 306.60 million USD in 2024, and is expected to reach 520.09 million USD by 2029, growing at a CAGR of 11.15% during the forecast period (2024-2029).
306.60 Million
Market Size in 2024 (USD)
520.09 Million
Market Size in 2029 (USD)
5.94 %
CAGR (2017-2023)
11.15 %
CAGR (2024-2029)
Largest by Form
59.04 %
value share, Seaweed Extracts, 2023
Seaweed extracts are dominant due to their richness in micro/macro elements, humic acids, and phytohormones, and their ability to enhance soil bacteria and plant resistance.
Fastest by Form
13.78 %
Projected CAGR, Amino Acids, 2024-2029
The growth of Amino acid-based biostimulants is driven by the greater availability of aminoacid based biostimulants and growing farmer awareness of their benefits.
Largest by Crop Type
77.60 %
value share, Row Crops, 2023
The major row crops grown in Brazil include soybean, corn, rice and wheat. In these crops the application of biostimulants is increasing as part of integrated crop management.
Fastest by Crop Type
11.25 %
Projected CAGR, Row Crops, 2024-2029
Row crops are dominating the Brazil biofertilizers market with a market share of 79.2%, this is due the increasing organic acreage, from 2017 to 2022, 23.3% increased.
Leading Market Player
2.31 %
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.
- The agriculture industry is one of the major industries in the country, with a total agricultural area of about 85.0 million hectares as of 2021. This large agriculture area accounted for about 64.0% of the South American biostimulants market value in 2022.
- The dominant biostimulant in the market is seaweed extract-based biostimulant, valued at about USD 143.2 million in 2022. The adoption of these biostimulants is increasing, and the market value of seaweed-based biostimulants is expected to reach USD 307.1 million by the end of the forecast period.
- The Brazilian government is promoting the use of sustainable or biobased products through a program called The National Program for Biobased Agricultural Input. According to this program, at least 40 million hectares of area are grown with plant growth promoters and inoculants, which may drive the demand for biostimulant products during the forecast period.
- From 2017 to 2021, the market value of other biostimulants rose by roughly 12.7%. Other biostimulants used in agriculture include chitosan and biopolymers, microbial supplements, some inorganic compounds originating from plant and animal bodies, and plant growth regulators. In 2022, other biostimulants accounted for 24.0% of the biostimulants market value in Brazil. The other biostimulants' market value is expected to reach USD 111.2 million by the end of the forecast period.
- The growing knowledge among farmers about the importance of biostimulants in increasing crop resistance to biotic and abiotic stress, enhancing nutrient absorption, and their application in both organic and non-organic farms will drive the market during the forecast period.
Brazil 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.
- The agriculture industry is one of the major industries in the country, with a total agricultural area of about 85.0 million hectares as of 2021. This large agriculture area accounted for about 64.0% of the South American biostimulants market value in 2022.
- The dominant biostimulant in the market is seaweed extract-based biostimulant, valued at about USD 143.2 million in 2022. The adoption of these biostimulants is increasing, and the market value of seaweed-based biostimulants is expected to reach USD 307.1 million by the end of the forecast period.
- The Brazilian government is promoting the use of sustainable or biobased products through a program called The National Program for Biobased Agricultural Input. According to this program, at least 40 million hectares of area are grown with plant growth promoters and inoculants, which may drive the demand for biostimulant products during the forecast period.
- From 2017 to 2021, the market value of other biostimulants rose by roughly 12.7%. Other biostimulants used in agriculture include chitosan and biopolymers, microbial supplements, some inorganic compounds originating from plant and animal bodies, and plant growth regulators. In 2022, other biostimulants accounted for 24.0% of the biostimulants market value in Brazil. The other biostimulants' market value is expected to reach USD 111.2 million by the end of the forecast period.
- The growing knowledge among farmers about the importance of biostimulants in increasing crop resistance to biotic and abiotic stress, enhancing nutrient absorption, and their application in both organic and non-organic farms will drive the market during the forecast period.
| Form | |
| Amino Acids | |
| Fulvic Acid | |
| Humic Acid | |
| Protein Hydrolysates | |
| Seaweed Extracts | |
| Other Biostimulants |
| Crop Type | |
| Cash Crops | |
| Horticultural Crops | |
| Row Crops |
Brazil Biostimulants Market Size Summary
The Brazil biostimulants market is experiencing significant growth, driven by the country's expansive agricultural sector, which covers a substantial portion of its land area. This sector's importance is underscored by the government's initiatives, such as The National Program for Biobased Agricultural Input, which promotes the use of sustainable agricultural products. Seaweed extract-based biostimulants dominate the market, reflecting a growing trend towards natural and organic farming practices. The increasing awareness among farmers about the benefits of biostimulants in enhancing crop resilience and nutrient absorption is further propelling market expansion. Additionally, the rise in organic farming, supported by specific laws and regulations, is contributing to the market's growth, as more farmers shift towards organic practices to reduce reliance on chemical inputs.
The market landscape is characterized by a fragmented structure, with key players like Atlántica Agrícola, Humic Growth Solutions Inc., Trade Corporation International, Valagro, and Vittia Group holding a modest share. Recent strategic moves, such as acquisitions and product launches, indicate a focus on expanding product offerings and enhancing global presence. The market's growth is also supported by increasing consumer awareness and demand for organic food, driven by higher disposable incomes and health consciousness. As urbanization and living standards improve, there is a notable rise in per capita spending on organic products, further bolstering the biostimulants market. The ongoing development of policies to promote domestic organic food production is expected to sustain this growth trajectory in the coming years.
Brazil 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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Brazil Biostimulants Market Size FAQs
How big is the Brazil Biostimulants Market?
The Brazil Biostimulants Market size is expected to reach USD 306.60 million in 2024 and grow at a CAGR of 11.15% to reach USD 520.09 million by 2029.
What is the current Brazil Biostimulants Market size?
In 2024, the Brazil Biostimulants Market size is expected to reach USD 306.60 million.
