Middle East & Africa Micronutrient Fertilizer Market Size

Middle East & Africa Micronutrient Fertilizer Market Analysis

The Middle East & Africa Micronutrient Fertilizer Market size is estimated at 263 million USD in 2024, and is expected to reach 404.1 million USD by 2030, growing at a CAGR of 7.42% during the forecast period (2024-2030).

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263 Million

Market Size in 2024 (USD)

404.1 Million

Market Size in 2030 (USD)

2.56 %

CAGR (2017-2023)

7.42 %

CAGR (2024-2030)

Largest Segment by Type

33.98 %

value share, Zinc, 2023

Most of Soils of Middle east and Africa are deficient in Zinc, and its application is proven to increase the yields and grain size, making it the most consumed micronutrient.

Fastest Growing Type

8.76 %

Projected CAGR, Molybdenum, 2024-2030

The pH of the soil is a major factor that decides the availability of molybdenum to the plant and is less availble in low PH soils which are predominant in sub saharan Africa.

Largest Segment by Crop Type

73.51 %

value share, Field Crops, 2023

Shifting focus toward balanced nutrition, increasing area under field crops, and need to maintain micronutrient levels in the soil for the proper growth may drive the market

Largest segment by Country

23.09 %

value share, South Africa, 2023

Micronutrient deficiencies have been reported in wide range of soils under differing crop production conditions in South Africa and zinc is most deficient micronutrient.

Leading Market Player

17.61 %

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%.

Demand for micronutrient fertilizers is growing due to increasing nutrient deficiency

The growing population and increasing concerns regarding food insecurity propel the micronutrient fertilizer market

Middle East & 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, Saudi Arabia, South Africa, Turkey are covered as segments by Country.

• The micronutrient market in the region is projected to witness robust growth, with an estimated CAGR of 7.3% between 2023 and 2030. Notably, deficiencies of iron and zinc in plants are on the rise in the region, amplifying the demand for micronutrient fertilizers to bolster plant health.
• In 2022, zinc and iron dominated the market, accounting for 31.4% and 23.9% of the market value, respectively. These micronutrients are crucial for plant growth, and their deficiencies in soil have been linked to lower crop yields. Over the past decade, iron and zinc deficiencies in soils have been the primary drivers of the growth of the market.
• Micronutrient deficiencies are commonly observed in intensively cultivated crops like cereals, oilseeds, pulses, and vegetables. Consequently, farmers are increasingly turning to micronutrient applications, especially in field crops, which dominated the micronutrient market in 2022, capturing 71.3% of the market value.
• The escalating micronutrient deficiency in soils is a key factor contributing to yield declines. African soils, in particular, exhibit deficiencies in secondary and micronutrients, including sulfur, zinc, boron, and copper. Balancing these nutrient deficiencies through fertilizers not only enhances yields but also sustains soil health, making it a pivotal driver for the market in the coming years.
• As a result, the micronutrient fertilizer market volume is anticipated to witness steady growth, with a projected CAGR of 3.8% during the period of 2023-2030.