The recent trend indicates increasing adoption of sustainable agriculture due to rising demand for organic food and rising environmental consciousness across the globe; usage of bio stimulants restores soil fertility and nourishes them. Furthermore, it also helps in the growth of beneficial soil microorganisms, which improves soil fertility and prevents soil erosion. Thus, the rise in demand for sustainable agriculture is generating the need for amino acid-based bio stimulant to meet the demand for nutritious food from consumers with minimal impact on the environment. As a result, the market estimated to have favorable growth circumstances over the forecasted period.

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Data Bridge Market Research analyses that the amino acid based biostimulants market is expected to grow at a CAGR of 6.3% in the forecast period of 2021 to 2028 and is expected to reach USD 15,191.03 million by 2028. According to Eurostat, Europe produced 64.8 million fresh vegetables in 2017. Italy produced 5.6 million tons of tomatoes, followed by Spain with 5.2 million tons in the year 2017. Increased production from crops including fruits, vegetables, and other crops will ultimately increase amino acid based biostimulant usage to enhance crop productivity. Thus, the need to enhance agricultural productivity in every region will be an essential driving factor of the global amino acid based biostimulants market.

High Demand for Organic Farming is expected to drive the Market's Growth Rate

People are becoming more health-conscious and are more inclined to consume organic food products. Organic farms are eco-friendly and do not harm the environment; hence organic farming has been in demand in recent time, and its demand will be more in the future. Over the past years, interest in organically grown crops has increased worldwide due to the growing interest of consumers and scientists in healthy and safer products. According to the World of Organic Agriculture, organic farmland globally has increased by 20.0%, i.e., around 11.7 million hectares in 2017. In Europe, organic agriculture has increased by 7.6%, whereas Latin America has grown by 7.0%. The high demand for thr organic farming boosts the amino acid based stimulant market.

Report Scope and Market Segmentation

Segment Analysis:

• The global amino acid based biostimulants market is segmented into six notable segments based on crop type, application method, form, origin, end user, and distribution channel.
• Based on crop type, the market is segmented into fruits and vegetables, cereals and grains, turf and ornamentals, oilseeds and pulses, and other crops. In 2022, fruits and vegetables segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.9%

The fruits and vegetables segment is expected to dominate the amino acid based biostimulants market

In 2022, fruits and vegetables segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.9% in the forecast period of 2022 to 2029. The fruits and vegetables segment is expected to dominate the market due to the high global production of fruits and vegetables. Farmers are focused on producing varied fruits and vegetables to fulfill consumers' growing demands. Thus, a high yield of fruits and vegetables requires many biostimulants for excess productivity, which drives the demand of this segment.

• Based on application method, the market is segmented into foliar treatment, soil treatment, and seed treatment. In 2022, the foliar treatment segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.6% in the forecast period of 2022 to 2029. The foliar treatment segment is expected to dominate the market because it is highly preferable by farmers due to its advantages, including that foliar parts of the plant easily absorb it, and it will show the immediate effect on affected parts.
• Based on form, the market is segmented into liquid and dry. In 2022, the liquid segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.7% in the forecast period of 2022 to 2029. The liquid is expected to dominate the market as it is easily absorbed in the soil to provide a good root system, better stems, and foliar development to make the crop more capable of abiotic stress. Liquid biostimulant can be applied on plants without any prior treatment with solvent.
• Based on end user, the market is segmented into farmers, related industries, and research institutes. In 2022, farmer's segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.7%

The farmer's segment is expected to dominate the amino acid based biostimulants market

In 2022, farmer's segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.7% in the forecast period of 2022 to 2029. The high growth of the farmers segment is attributed to biostimulants used in higher quantities by farmers to increase yield and growth of the crops to meet the demand for organic products from consumers. Farmers prefer biostimulants due to their benefits for organic farming, and it is safe to use as they will not contaminate the ecosystem.

• On the basis of origin, the market is segmented into natural biostimulants and synthetic biostimulants. In 2022, the natural biostimulants segment is expected to dominate the amino acid based biostimulants market with the CAGR of 12.3% in the forecast period of 2022 to 2029. The natural segment is expected to dominate the market due to its minimal harmful effect on the ecosystem. It is made up of natural resources, including seaweed and other plant material; the natural biostimulants maintain the fertility of the soil and prevent erosion.
• On the basis of distribution channel, the market is segmented into direct and indirect. In 2022, direct segment is expected to dominate the market with the CAGR of 12.6% in the forecast period of 2022 to 2029. The direct segment is expected to dominate the market because large-scale farming and related industries need a high amount of stimulating products, so they coordinate with biostimulants manufacturing companies, which takes a higher share.

Major Players

Data Bridge Market Research recognizes the following companies as the major amino acid based biostimulants market players in amino acid based biostimulants market are OMEX (U.K.), Agrinos (U.S.), Valagro SpA (Italy), Biolchim SPA (Italy), Isagro (India), Italpollina S.p.A (Italy)., Haifa Group (Isarel), Novozymes (Denmark), ATLÁNTICA AGRICOLA (Spain), Biostadt India Limited (India), Trade Corporation International (Spain), Syngenta (Switzerland), Bayer AG (Germany), UPL (India), SICIT Group S.p.A. (Italy), Humintech, (Germany), and GNP AGROSCIENCES PVT. LTD (India)

Market Development

• In 2020 March, Valagro announced the debut of Talete, a new biostimulant derived from the proprietary GeaPower technology platform, in five additional nations at a worldwide digital event attended by experts, customers, farmers, and opinion leaders from more than 12 countries across five continents. Australia, China, Colombia, France, and Greece are among the other countries represented.
• In October 2021, Chr. Hansen has formed a unique cooperation with global agricultural solutions provider UPL to strengthen the existing microbial product portfolio and give farmers sustainable alternatives to conventional agricultural products. Chr. Hansen will create biological products based on their microbial capabilities under the parameters of the cooperation, and UPL will register and sell these goods through its broad global distribution network.
• In October 2020, Isagro SPA purchased Phoenix Del to expand through external lines in the copper-based fungicides and biosolutions segments. This acquisition aims to develop more products in the biostimulant area. The transaction is worth €3.6 million, with 3.1 million paid out on Wednesday and 0.5 million to be paid in 2023 if certain commercial objectives are met.
• In March 2021, Gowan Company announced the completion of its acquisition of Isagro S.p.A. Isagro is now a privately held corporation run by Gowan. Gowan will integrate the Isagro business in the following months. This acquisition broadens Gowan's economic potential, strengthens its scientific capabilities, and introduces chemical synthesis.
• In April 2019, Horticultural Alliance Inc. was acquired for an unknown sum by Italpollina Inc., an Italian biotechnology business. This transaction enables Italpollina Inc. to access the North American landscape and nursery sector. Horticultural Alliance Inc. is a Florida-based company that supplies organic solutions for plant growth and maintenance such as water management gels, biostimulants, and beneficial microorganisms.

Regional Analysis

Geographically, the countries covered in the amino acid based biostimulants market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

As per Data Bridge Market Research analysis:

North America is the dominant region in amino acid based biostimulants market during the forecast period

North America dominated the amino acid-based biostimulants market due to rapid urbanization. North America will continue to dominate the amino acid based biostimulants market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growth in investments and collaborations in this region's amino acid-based biostimulants business.

Asia-Pacific is estimated to be the fastest growing region in amino acid based biostimulants market

Asia-Pacific is expected to grow during the forecast period due to the high agricultural production worldwide in this region. In addition to this, growing awareness regarding the organic farming are expected propel the market's growth rate in this region.

COVID-19 Impact Analysis

The outbreak of COVID-19 largely impacted the amino acid based biostimulants market. A growing emphasis on preventative healthcare is slowly but steadily causing a shift in global traditional farming techniques, with producers urged to produce more using sustainable methods and resources. This, in turn, is fueling the global market for biostimulants. The epidemic has accelerated the shift from global to more local economies in the manufacturing sector. As part of this shift, industries are attempting to relocate supply chains closer to home, resulting in significant "reshoring" prospects. In this midst, raw material manufacturers for biostimulants experienced supply shortages and trouble maintaining operational continuity.

However, the agriculture industry was greatly supported globally by governments, and enormous efforts were made to manage the streamlining of their operations as normal in order to sustain productivity.

Frequently Asked Questions (FAQs)

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