Market Size of north america biostimulants Industry
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.06 Billion |
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Market Size (2029) | USD 1.93 Billion |
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Largest Share by Form | Protein Hydrolysates |
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CAGR (2024 - 2029) | 12.75 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Bio stimulants Market Analysis
The North America Biostimulants Market size is estimated at 1.06 billion USD in 2024, and is expected to reach 1.93 billion USD by 2029, growing at a CAGR of 12.75% during the forecast period (2024-2029).
1.06 Billion
Market Size in 2024 (USD)
1.93 Billion
Market Size in 2029 (USD)
10.89 %
CAGR (2017-2023)
12.75 %
CAGR (2024-2029)
Largest by Form
40.94 %
value share, Protein Hydrolysates, 2023
Protein hydrolysates hold the largest market share among biostimulants with 40.9% share in the year 2022. They improve crop performance even under abiotic stress conditions.
Fastest by Form
13.77 %
Projected CAGR, Humic Acid, 2024-2029
The application of humic acid in greenhouses & growth chambers improves the crop yield significantly. They help them in improving the uptake of nutrients and water
Largest by Crop Type
70.20 %
value share, Row Crops, 2023
The major row crops cultivated in the Region include rice, wheat, canola, barley, corn, and soybeans. Protein hydrolysates are the most consumed biostimulants by row crops
Largest by Country
50.02 %
value share, United States, 2023
United States has highly evolved agricultural sector and is adapting organic farming with increased consumption of biostimulants due to their ability to enhance crop growth.
Leading Market Player
1.15 %
market share, Actagro LLC, 2022
The company is involved in manufacturing different soil health and organic solutions that include different biostimulant products derived from natural resources.
- The North American biostimulants market is anticipated to grow over the coming years, driven by several key factors. With a value of USD 840.2 million and volume consumption of 88.2 thousand metric tons in 2022, protein hydrolysates are the most consumed biostimulant type in the region, accounting for a market share of 40.9%. These products are known to improve crop performance, even under abiotic stress conditions, by ensuring the synthesis of essential plant amino acids and nutrients.
- During the historical period (2017-2022), the market for protein hydrolysates saw an upward trend and is expected to register a CAGR of 12.7%. This is due to a growing need for increased crop productivity and quality of produce, which can be achieved through biostimulants.
- Humic acid is another biostimulant that has shown promising results in improving crop yield. The application of humic acid in greenhouses and growth chambers has been known to significantly improve crop yield, while foliar application at the rate of 20.0 ml/lit in pepper fields has recorded the highest chlorophyll content. Amino acids, such as L-proline, L-Glycine, L-Glutamic acid, and L-Methionine, are commonly used biostimulants in agriculture. These products can improve various plant processes, including germination, fruit set, pollination, and resistance, to environmental stresses.
- Biostimulants offer a promising solution for improving crop productivity and quality while reducing the use of chemical fertilizers and pesticides. As the demand for organic and sustainable farming practices continues to rise, biostimulants are likely to play an increasingly important role in agriculture.
- The United States, with its highly evolved agricultural sector, has been adapting natural and organic ways of farming. The region is witnessing high consumption of biostimulants, with more farmers preferring to use them due to their ability to enhance crop performance.
- The market in the United States was valued at USD 416.8 million in 2022. The United States accounted for a maximum share of 49.6% of North America in biostimulant consumption, further aided by the increasing organic acreages.
- Canada is the second-largest market, with a share of 35.2% in 2022. The Canadian government's support for safe agriculture practices and the growing demand for organic food in the country are driving the market's growth.
- Organic food sales in the country reached a value of USD 8.10 billion in 2020, as per the data reported by the Organic Federation of Canada. It is reported that Canada is the 6th largest market in the world for organic products, with the supply of organic products failing to keep up with the demand in the country. These factors act as potential drivers for biostimulants in the country.
- Mexico is one of the emerging agricultural countries in North America. It accounted for around 13.3% of the overall agricultural biostimulants market in the region in 2022. There is an immense potential for biostimulants in the country due to its well-established organic farming. The organic area in Mexico is estimated to grow by 16.4% during the forecast period, which is expected to boost the demand for biostimulants.
- The biostimulant market in North America is poised for further growth, driven by the increasing adoption of sustainable agriculture practices and the growing demand for organic food in the region.
North America Biostimulants Industry Segmentation North America Bio stimulants 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. Canada, Mexico, United States are covered as segments by Country.
- The North American biostimulants market is anticipated to grow over the coming years, driven by several key factors. With a value of USD 840.2 million and volume consumption of 88.2 thousand metric tons in 2022, protein hydrolysates are the most consumed biostimulant type in the region, accounting for a market share of 40.9%. These products are known to improve crop performance, even under abiotic stress conditions, by ensuring the synthesis of essential plant amino acids and nutrients.
- During the historical period (2017-2022), the market for protein hydrolysates saw an upward trend and is expected to register a CAGR of 12.7%. This is due to a growing need for increased crop productivity and quality of produce, which can be achieved through biostimulants.
- Humic acid is another biostimulant that has shown promising results in improving crop yield. The application of humic acid in greenhouses and growth chambers has been known to significantly improve crop yield, while foliar application at the rate of 20.0 ml/lit in pepper fields has recorded the highest chlorophyll content. Amino acids, such as L-proline, L-Glycine, L-Glutamic acid, and L-Methionine, are commonly used biostimulants in agriculture. These products can improve various plant processes, including germination, fruit set, pollination, and resistance, to environmental stresses.
- Biostimulants offer a promising solution for improving crop productivity and quality while reducing the use of chemical fertilizers and pesticides. As the demand for organic and sustainable farming practices continues to rise, biostimulants are likely to play an increasingly important role in agriculture.
| Form | |
| Amino Acids | |
| Fulvic Acid | |
| Humic Acid | |
| Protein Hydrolysates | |
| Seaweed Extracts | |
| Other Biostimulants |
| Crop Type | |
| Cash Crops | |
| Horticultural Crops | |
| Row Crops |
| Country | |
| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Biostimulants Market Size Summary
The North American biostimulants market is poised for significant growth, driven by the increasing adoption of sustainable agricultural practices and the rising demand for organic food. Biostimulants, such as protein hydrolysates and humic acid, are gaining traction for their ability to enhance crop productivity and quality while reducing reliance on chemical fertilizers and pesticides. The United States leads the market, supported by its advanced agricultural sector and growing organic acreages. Canada follows as a strong market, bolstered by government support for safe agricultural practices and a burgeoning demand for organic food. Mexico, with its emerging organic farming sector, also presents substantial growth potential for biostimulants.
The market landscape is characterized by a fragmented structure, with key players like Actagro LLC, Agrinos, Hello Nature USA Inc., Humic Growth Solutions Inc., and Valagro USA holding a modest share. Recent acquisitions, such as Plant Response's acquisition of WISErg and Pathway BioLogic, highlight the industry's focus on expanding portfolios and enhancing product offerings. These strategic moves aim to develop sustainable solutions that improve crop yield, abiotic stress tolerance, and nutrient use efficiency. As the organic area under cultivation continues to expand across North America, the biostimulants market is expected to experience robust growth, aligning with the broader trend towards organic and sustainable farming practices.
North America 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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1.3 Country
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1.3.1 Canada
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1.3.2 Mexico
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1.3.3 United States
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1.3.4 Rest of North America
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North America Biostimulants Market Size FAQs
How big is the North America Biostimulants Market?
The North America Biostimulants Market size is expected to reach USD 1.06 billion in 2024 and grow at a CAGR of 12.75% to reach USD 1.93 billion by 2029.
What is the current North America Biostimulants Market size?
In 2024, the North America Biostimulants Market size is expected to reach USD 1.06 billion.
