Asia-Pacific Seaweed Extracts Biostimulant Market, By Species (Brown Algae, Red Algae, Green Algae), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, Other Crops), Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), Form (Liquid, Dry), End Users (Farmers, Related Industries, Research Institutes), Distribution Channel (Direct, Indirect) – Industry Trends and Forecast to 2030.
Asia-Pacific Seaweed Extracts Biostimulant Market Analysis and Size
Increased instances of soil degradation, the need for sustainable and eco-friendly alternatives, stringent regulations on the use of chemicals in the agriculture sector boost the productivity and growth of the seaweed extracts biostimulant in the agriculture sector. The increasing demand for the seaweed extracts biostimulant due to the rising awareness about the harmful, long-term effects of artificial chemicals used for plant growth is positively impacting the market growth, mainly in APAC.
Data Bridge Market Research analyses that the seaweed extracts biostimulant market was valued at USD 212.41 million in 2022 and is expected to reach USD 566.02 million by 2030, registering a CAGR of 12.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Asia-Pacific Seaweed Extracts Biostimulant Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Species (Brown Algae, Red Algae, Green Algae), Crop Type (Fruits and Vegetables, Cereals and Grains, Oilseeds and Pulses, Turf and Ornamentals, Other Crops), Application Method (Foliar Treatment, Soil Treatment, Seed Treatment), Form (Liquid, Dry), End Users (Farmers, Related Industries, Research Institutes), Distribution Channel (Direct, Indirect)
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Countries Covered
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Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC)
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Market Players Covered
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GrainCorp (Australia), Malteurop (France), Rahr Corporation (U.S.), Boortmalt (Belgium), Indesso (Spain), Lipoid Kosmetic AG, (Germany), The Herbarie at Stoney Hill Farm, Inc (U.S), International Flavors and Fragrances, Inc. (U.S.), Bell Flavors and Fragrances (U.S.), Rutland Biodynamics Ltd. (U.K.), Prakruti Products (India), Ambe Phytoextracts Pvt. Ltd. (India), The Green Labs LLC (U.S.), Berje, Inc. (U.S.), Umalaxmi Organics Pvt. Ltd. (India), DSM (Netherlands)
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Market Opportunities
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Market Definition
Seaweed extracts biostimulants are a kind of biostimulant which is extracted from seaweed mainly brown algae. These are any microorganism or substance applied to plants to increase abiotic stress tolerance, nutrition efficiency, and crop quality traits, regardless of its nutrient content. Seaweed extracts biostimulants are extensively used as plant biostimulants. These biostimulants can improve crop quality, promote crop growth, and increase crop stress resistance.
Seaweed Extracts Biostimulant Market Dynamics
Drivers
- Increasing demand of seaweed extracts biostimulant in foliar treatment
Seaweed extracts biostimulant is highly used because of several benefits associated with foliar treatment such as increased cellular activity and faster absorption of nutrients. Foliar treatment includes the direct application of biostimulants on plant leaves to help in the rapid absorption of nutrients from surface. The absorption is assisted by the stomata and epidermis present on the leaves surface. Seaweed extracts biostimulant used for the foliar treatment are generally in liquid form to support absorption and easy application. The seed treatment application is effective and efficient and requires lower labor input than other methods, making it a cost-efficient method. Thus, the increasing demand for seaweed extracts biostimulant in foliar treatment is anticipated to drive the market's growth.
- Advantages of seaweed extracts biostimulant
Seaweed extracts biostimulant enhance microflora, which, consequently, improves the intake of nutrient in plants. They strengthen antioxidant action and decrease plant strain due to various infections and environmental conditions. The hormones fuel cell development, root growth and overall growth, thereby helping the inclusive and potency health of the plant. Seaweed extracts biostimulants encompass natural, naturally degradable and eco-friendly ingredients which do not distress the environment of plant. As a result, seaweed extracts biostimulants are showing high demand for organic agricultural practices.
Opportunities
- Rising demand for environmentally friendly products
Government organizations have made huge efforts to regulate the manufacture and usage of environmental-friendly products, such as barring the usage of specific chemicals and limit the maximum consumption of harmful chemicals. As a result, there is an increased need to produce bio-based agrochemicals to diminish the harmful effects of synthetic agrochemicals on the environment. Moreover, the advantages of using biostimulants, such as increased efficiency, low toxicity and high specificity, have led to increased adoption of seaweed extracts biostimulant. As a result, there are several biostimulant market opportunities for the growth of seaweed extracts biostimulant in the market.
Restraints/ Challenges
- Issue associated with seaweed extracts biostimulant
The extraction process is complicated due to this the production cost is significantly very high. Demand for clean label products is another major factor which is inhibiting seaweed extract market growth. The government's stringent regulations and laws constantly force business to fufill the expectations of consumers. The ongoing observing of health conscious consumers, participants have been forced to do numerous checks in the operations.
This seaweed extracts biostimulant market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the seaweed extracts biostimulant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Asia-Pacific Seaweed Extracts Biostimulant Scope
The seaweed extracts biostimulant market is segmented on the basis of species, crop type, application method, form, end users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Species
- Brown algae
- Red algae
- Green algae
Crop Type
- Fruits and vegetables
- Cereals and grains
- Turf and ornamentals
- Oilseeds and pulses
- Other crops
Application
- Foliar treatment
- Soil treatment
- Seed treatment
Form
- Liquid
- Dry
End Users
- Farmers
- Related industries
- Research institutes
- Others
Distribution Channel
- Direct
- Indirect
Seaweed Extracts Biostimulant Market Regional Analysis/Insights
The seaweed extracts biostimulant market is analyzed and market size insights and trends are provided by country, product, flavor, packaging, source, category and distribution channel as referenced above.
The countries covered in the seaweed extracts biostimulant market report are Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC).
China is dominating the asia-Pacific seaweed extracts biostimulant market market due to the increasing production of seaweed extracts biostimulant in this region. Most of the food and beverage producers are inclining towards use of seaweed extracts biostimulant to increase their production.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Seaweed extracts biostimulant Market Share Analysis
The seaweed extracts biostimulant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to seaweed extracts biostimulant market.
Some of the major players operating in the seaweed extracts biostimulant market are:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (U.S.)
- Boortmalt (Belgium)
- Indesso (Spain)
- Lipoid Kosmetic AG, (Germany)
- The Herbarie at Stoney Hill Farm, Inc (U.S.)
- International Flavors and Fragrances, Inc. (U.S.)
- Bell Flavors and Fragrances (U.S.)
- Rutland Biodynamics Ltd. (U.K.)
- Prakruti Products (India)
- Ambe Phytoextracts Pvt. Ltd. (India)
- The Green Labs LLC (U.S.)
- Berje, Inc. (U.S.)
- Umalaxmi Organics Pvt. Ltd. (India)
- DSM (Netherlands)
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