Europe Seaweed Extracts Biostimulant Market By Species (Brown Algae, Red Algae, Green Algae), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & 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.
Europe Seaweed Extracts Biostimulant Market Analysis and Size
A biostimulant is a substance or microorganism that aids in the growth of plants. It does not address deficiencies. Instead, it boosts nutrient availability, water retention capacity, metabolism, and chlorophyll production. Growing demand for sustainably produced food with lesser chemicals and high concentrations of natural products stimulates the market's growth.
Data Bridge Market Research analyses that the seaweed extracts biostimulant market was valued at USD 1808.78 million in 2022 and is expected to reach the value of USD 4842.69 million by 2030, at a CAGR of 13.1% during the forecast period. 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.
Europe Seaweed Extracts Biostimulant Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015 - 2020)
Revenue in USD million, Volumes in Units, Pricing in USD
Species (Brown Algae, Red Algae, Green Algae), Crop Type (Fruits & Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & 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)
U.K, Germany, France, Netherlands, Russia, Spain, Italy, Belgium, Switzerland, Turkey and Rest of Europe
Market Players Covered
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 & Fragrances, Inc. (U.S.), Bell Flavors & 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)
Seaweed extracts are a variety of mixtures derived from red algae, brown algae, and green algae. Seaweed is an important source of minerals used to lower cholesterol, appetite, wound dressing, and benefit heart patients. It is also used to produce biofuels such as bio-butanol, an alternative fuel to diesel.
Seaweed Extracts Biostimulant Market Dynamics
- Growing demand for organic products as well as rise in research and development
Growing application from the agriculture industry to improve fertilizer effectiveness and escalate seed germination operations, surging demand in cosmetics products such as shampoo, cream, and others, surging growth of the marine industry, and increased investment for the development of advanced products are some of the factors that will drive the growth of the seaweed extracts market during the forecast period. Expanding demand for organic products, a rise in the growth of the marine industry, increasing innovative technology, and expanding research and development activities are some of the primary factors driving the Europe seaweed extract market.
- Rising application from the cosmetic industry
The increasing use of seaweed extracts in powder form in cosmetic products such as soaps, shampoo, and creams is propelling the seaweed extracts market forward. The production of liquid seaweed extracts for use in fertilizers and pesticides and increased stress tolerance in plants are expected to drive the Europe seaweed extracts market to new heights. The Europe seaweed extracts biostimulant market is expected to grow rapidly over the forecast period, owing to the increasing use of seaweed extracts in various industries.
- Governments initiatives
Government organizations have aggressively regulated the production and use of environmentally friendly products, such as prohibiting the use of specific chemicals and establishing maximum consumption limits. As a result, there is an urgent need to develop bio-based agrochemicals to reduce synthetic agrochemicals' harmful effects on the environment. Furthermore, the advantages of using biostimulants, such as low toxicity, high specificity, and increased efficiency, have led to increased adoption of such products. As a result, there are numerous bio stimulant market opportunities for the development of bio stimulants in the market.
- Complexity in extraction process
However, the extraction process is complex, and as a result of the complexity, the production cost is high. Another factor impeding the growth of the seaweed extract market is the demand for clean label products. The government's strict rules and regulations are constantly forcing the industry to meet the needs of the consumers. The constant scrutiny of health-conscious consumers has compelled stakeholders to perform multiple checks in the procedures.
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.
COVID-19 Impact on Seaweed Extracts Biostimulant Market
The World Health Organization (WHO) recommends that the Europe population consume immunity-boosting foods which are required by the human body to fight the outbreak. As a result, the population's consumption of bio based product rises, increasing the demand for the sea weed extract biostimulant market. The COVID-19 outbreak has had a profound effect on people's lives all over the world. With the increasing number of cases, stringent government regulations such as lockdowns, shutting down industries and business sectors, and so on are being implemented in almost every country. It is critical to boost immunity to fight this pandemic.
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.
- In October 2021 UPL Limited will collaborate with Chr. Hansan, a Europe bioscience company, developed microbial-based biosolutions. (Including biostimulants and biopesticides).
- In October 2020 Isagro SPA acquired 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 segment.
Europe Seaweed Extracts Biostimulant Market Scope
The seaweed extracts biostimulant market is segmented on the basis of species, crop type, application method, form, end user 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.
- Brown algae
- Red algae
- Green algae
- Fruits & vegetables
- Cereals & grains
- Turf & ornamentals
- Oilseeds & pulses
- Other crops
- Foliar treatment
- Soil treatment
- Seed treatment
- Related industries
- Research institutes
Seaweed Extracts Biostimulant Market Regional Analysis/Insights
The seaweed extracts biostimulant market is analyzed and market size insights and trends are provided by country, species, crop type, application method, form, end user and distribution channel as referenced above.
The countries covered in the seaweed extracts biostimulant market report are U.K, Germany, France, Netherlands, Russia, Spain, Italy, Belgium, Switzerland, Turkey and Rest of Europe
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 Europe 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, Europe 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 & Fragrances, Inc. (U.S)
- Bell Flavors & 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)