Seaweed extract serves as an organic fertilizer with abundant nutrients and bioactive compounds beneficial for plant growth. Its application in horticulture and agriculture crops provides benefits such as enhanced root development, improved resistance to pathogens, increased germination rates, and higher leaf quality. The versatility of seaweed extract biostimulants in multiple crop types makes it a valuable product in the market, catering to the needs of both horticulture and agriculture sectors.
According to Data Bridge Market Research the Seaweed Extracts Biostimulant Market accounted for CAGR of 12.9% from 2023 to 2030 and is expected to reach USD 2,581.48 Million by 2030.
“Growing preference for organically grown food among consumers”
The popularity of organically cultivated food is on the rise due to its superior nutritional benefits and dietary variety. This growing demand for organic food leads to an increased need for plant inhibitors, biofertilizers, and biopesticides. Seaweed extract, rich in essential nutrients, serves as an ideal substitute for chemical fertilizers, promoting both the quantity and quality of agricultural production. Additionally, consumers' increasing awareness of food production practices, especially among parents concerned about pesticide exposure, further fuels the demand for organically grown food, driving market growth.
What restraints the growth of seaweed extracts biostimulant market?
“Disproportionality in the supply chain of seaweed extract”
In the seaweed extract supply chain, seaweed suppliers play a crucial role as they are responsible for sourcing and harvesting seaweed from marine sources. Manufacturers process the seaweed into various extract forms suitable for different applications. Finally, customers, such as agricultural companies and food processors, utilize seaweed extract in their products or operations. Disproportionality in this supply chain could occur if there are challenges in seaweed sourcing, processing, or distribution, leading to potential imbalances in supply and demand.
Segmentation: Seaweed Extracts Biostimulant Market
The global seaweed extracts biostimulant market is segmented into six notable segments based on species, crop type, application method, form, end user, and distribution channel.
- On the basis of species, the global seaweed extracts biostimulant market is segmented into brown algae, red algae, and green algae.
- On the basis of crop type, the global seaweed extracts biostimulant market is segmented into fruits and vegetables, cereals and grains, oilseeds and pulses, turf and ornamentals, and other crops.
- In the basis of application method, the global seaweed extracts biostimulant market is segmented into foliar treatment, soil treatment, and seed treatment.
- On the basis of form, the global seaweed extracts biostimulant market is segmented into liquid and dry.
- On the basis of end user, the global seaweed extracts biostimulant market is segmented into farmers, related industries, research institutes, and others.
- On the basis of distribution channel, the global seaweed extracts biostimulant market is segmented into direct and indirect.
Regional Insights: Europe is expected to dominate the seaweed extracts biostimulant market
Europe is projected to lead the global seaweed extracts biostimulant market. The growing demand for seaweed as a natural ingredient in crop production is driving the market for seaweed extract biostimulants. Additionally, the launch of seaweed extract patents by manufacturers is further boosting market demand, as these innovations contribute to the development of advanced and effective biostimulant products.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-seaweed-extracts-biostimulant-market
Recent Developments in Seaweed Extracts Biostimulant Market
- In 2022, biostadt Group acquired Biogene Seeds Sciences Pvt. Ltd expanding its product portfolio to include research rice, hybrid corn, vegetables, and crops like jowar and bajra. They aim to double their business within two years, with plans to introduce their product, Hyzyme, in southern states.
- In 2021, UPL partnered with Chr. Hansen to develop microbial-based bio solutions for growers worldwide, including biostimulants and biopesticides. This strategic collaboration enhances UPL's brand value, provides access to a new consumer base, and expands their range of products and solutions.
The Prominent Key Players Operating in the Seaweed Extracts Biostimulant Market Include:
- FMC Corporation (U.S.)
- Valagro S.p.A (Italy)
- OMEX (U.K.)
- ATLÁNTICA AGRÍCOLA (Spain)
- BioAtlantis Ltd. (Ireland)
- Koppert (Netherlands)
- Trade Corporation International (Switzerland)
- UPL (India)
- L.Gobbi Srl unipersonale (Italy)
- Qingdao Seawin Biotech Group Co., Ltd. (China)
- Brandt, Inc. (U.S.)
- ASL (U.K.)
- Algea (Norway)
- MPH (Italy)
- Biolchim Spa (Italy)
- Indigrow Ltd (U.K.)
- BIOVERT S.L. (Spain)
- Biostadt India Limited (India)
- Ilex EnviroSciences Ltd (U.K.)
- Haifa Negev technologies LTD (Israel)
Above are the key players covered in the report, to know about more and exhaustive list of seaweed extracts biostimulant market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Seaweed Extracts Biostimulant Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
