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Middle East and Africa Seaweed Extracts Biostimulant Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Nov 2022
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Food & Beverage
  • Upcoming Report
  • Nov 2022
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa 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.

Middle East and Africa Seaweed Extracts Biostimulant Market

Middle East and Africa Seaweed Extracts Biostimulant Market Analysis and Size

Growing instances of soil degradation, rising need for eco-friendly and sustainable alternatives, and stringent rules on the usage of chemicals increase the productivity and growth of the seaweed extracts biostimulant in the agriculture sector. The growing demand for the seaweed extracts biostimulant owing to rising awareness regarding harmful, long-term effects of artificial chemicals used for plant growth is positively impacting the market growth of the seaweed extracts biostimulant during the forecast period.

Data Bridge Market Research analyses that the seaweed extracts biostimulant market was valued at USD 28.92  million in 2022 and is expected to reach USD 67.45 million by 2030, registering a CAGR of 11.00% 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.     

Middle East and Africa Seaweed Extracts Biostimulant Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

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 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)

Market Opportunities

  • Government policies and regulation to promote environment friendly products
  • Growing need for agrochemical for the environment
  • Rising product innovation to change with consumer preferences.

Market Definition

Seaweed extracts biostimulants are a type of biostimulant which is extracted from seaweed particularly from brown algae. Seaweed extracts biostimulants are any microorganism or substance applied to plants to raise nutrition efficiency, crop quality traits, and abiotic stress tolerance regardless of its nutrient content. These are broadly used as plant biostimulants. Seaweed extracts biostimulants biostimulants can increase crop stress resistance, improve crop quality and promote crop growth.

Seaweed Extracts Biostimulant Market Dynamics

Drivers

  • Advantages of seaweed extracts biostimulant

Seaweed extracts biostimulant increase microflora, which, consequently increases the intake of nutrient in plants. They decrease plant strain and strengthen antioxidant action owing to numerous infections and environmental conditions. The hormones increase cell development, root growth and overall growth, which help in the inclusive and potency health of the plant. These biostimulant encompass naturally degradable, eco-friendly and natural ingredients, which do not affect the environment of plant. As a result, these biostimulants are showing high demand for organic agricultural practices.

  • Rising demand of seaweed extracts biostimulant in  foliar treatment

Seaweed extracts biostimulant is extremely used due to several benefits associated with foliar treatment such as augmented cellular activity and fast absorption of nutrients. Foliar treatment comprises direct application of these biostimulants on plant leaves to aid in rapid absorption of nutrients from surface. The absorption is supported by the stomata and epidermis which present on the leaves surface. Seaweed extracts biostimulant are generally in liquid form for the foliar treatment to support easy application and absorption. The seed treatment application is effective and proficient and involves lower labor input as compared to other methods, which makes it a cost-efficient method. Therefore, the growing demand of seaweed extracts biostimulant in foliar treatment is projected to drive the market growth.

Opportunities

  • Rising demand for environmentally friendly products

Government authorities have made huge efforts to regulate the usage and manufacture of eco-friendly products, such as barring the usage of synthetic chemicals and bound the maximum consumption of harmful chemicals. As a result, there is an upsurge in the need to form bio-based agrochemicals to diminish the destructive effects of synthetic agrochemicals. Also, the advantages of using environmentally friendly products, such as increased efficiency, high specificityand low toxicity have led to augmented adoption of seaweed extracts biostimulant. As a result of this, there are several bio-based seaweed extracts biostimulant market opportunities for the growth of seaweed extracts biostimulant in the market.

Restraints/ Challenges

  • Issue associated with seaweed extracts biostimulant

The extraction procedure is complicated owing to this, the manufacture price is significantly very high. Increasing need for clean label products is another major factor which is hindering seaweed extract market growth. The government strict regulations continuously force the professional to fufill the expectations of consumers. The continuing observing of health aware consumers, participants have been forced to do several 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.

Recent Development

  • In July 2019, Valagro SpA and Marrone Bio Innovations, developers of bio-based products for plant health and pest management, collaborated to conduct new research and development activities. With this collaboration, As a result of this partnership, they have potential to increase a grower’s productivity and return on investment with plants that improve better root systems. This expansion will help the company to strong its position in the seaweed extracts biostimulant market.

Middle East and Africa 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

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 UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

South Africa is dominating the Middle East and Africa seaweed extracts biostimulant market because this region is highly involved in agricultural activities. Seaweed extracts biostimulant is highly used for mixed farming and intensive crop production and also used to provide high productivity to fulfil the growing demand in the market. This is natural fertilizer which stimulates the productivity and growth of crops. Growing preference towards the organic farming leads the demand for seaweed extracts biostimulant in South Africa.

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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Frequently Asked Questions

The Middle East and Africa Seaweed Extracts Biostimulant Market is projected to grow at a CAGR of 11.00% during the forecast period by 2023.
The future market value of the Middle East and Africa Seaweed Extracts Biostimulant Market is expected to reach USD 67.45 million by 2030.
The major players in the Middle East and Africa 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.), etc.
The countries covered in the Middle East and Africa Seaweed Extracts Biostimulant Market are UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).