Biostimulants Market Analysis

Global Biostimulants Market Overview

Biostimulants Market Size was valued at USD 2973.6 Billion in 2023. The Biostimulants Market Industry is projected to grow from USD 3331.9188 billion in 2024 to USD 9622.5 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.18 % during the forecast period (2024 - 2032). The key factors driving the, growing demand for high-value crops and Organic agriculture are some of the vital factors contributing to its market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Biostimulants Market Trends

• High demand for High-Value crops and organic agriculture

There is a growing demand for high-value crops and organic agriculture as consumers become more aware of the health and environmental benefits of these products. The consumers rising awareness regarding organic farming has created lucrative growth for plant-based biostimulants. Key manufacturers in the market have started manufacturing environment-friendly biostimulants products by using natural and non-harmful materials. High-value crops are crops that are typically sold at a higher price due to their unique characteristics or attributes, such as flavor, quality, or nutritional content. These crops can include specialty fruits and vegetables, herbs, and spices, as well as niche crops like quinoa and kale. Organic agriculture refers to a production system that emphasizes the use of natural biostimulants and processes, rather than synthetic chemicals, to grow crops and raise livestock. Organic agriculture aims to promote soil health and biodiversity, reduce pollution, and minimize the negative impacts of farming on the environment. Demand for high-value crops and organic agriculture has increased in recent years as consumers become more interested in the health and environmental impacts of their food choices. In addition, the trend toward plant-based and sustainable diets has also contributed to the demand for these products. For Instance, According to FiBL, Europe's total farmland's organic area share grew from 3.1% in 2018 to 3.4% in 2020. Similarly, in Latin America, the percentage of organic farming rose from 1.1% in 2018 to 1.4% in 2020. The need for biostimulants is growing as organic food items are produced without or with less use of pesticides or fertilizers. As a result, the need for biostimulants is being driven by the rising popularity of organic farming.

Biostimulants Market Segment Insights

Biostimulants Product Active Ingredient of Cover Insights

The Biostimulants market segmentation, based on the active ingredient, includes humic substances, seaweed extracts, microbial amendments, amino acids, and others. The seaweed extracts segment held the majority share in 2022 contributing concerning the Biostimulants market revenue. Seaweed extracts, a natural bioactive material and are available in soluble powders or liquid form derived through various extraction processes like physical and chemical methods. Biostimulants made of seaweed extracts are majorly used in plant growth and tolerance against abiotic stresses in horticulture crops. The major variants of the biostimulants are made of green, red, and brown species of seaweed extracts and the commonly used species include Ascophyllum Nodosum, Fucus spa, Laminaria spp, Sargassum spp, and Turbinaria spp among others. The biostimulant property of seaweed extracts is attributed to the phytohormones including auxins, gibberellins, ethylene, cytokinin, and abscisic acid.

Figure 2: Biostimulants Market, by Active Ingredients, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Biostimulants Mode of Application Insights

The Biostimulants market mode of application data has been bifurcated by o foliar treatment, soil treatment, and seed treatment. Foliar treatment of biostimulants is a mode of application of it over the leaves of the crops by using the liquid-based formulations. The foliar treatment is carried out by either spraying or drenching the biostimulants over the leaves and the mechanism involves the absorption of nutrients and other substance is by diffusion through cuticle, epidermal cell, and stomata of a leaf. The extent of absorption is dependent on the size and polar nature of the molecules. This has further broadened the growth opportunity for the Biostimulants industry.

Figure 2: Biostimulants Market, by Mode of Application, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Biostimulants Crop Insights

Based on Crop, the Biostimulants industry has been segmented into o fruits & vegetables, cereals & grains, oilseeds & pulses, and others. The cereal & grains segment includes usage of biostimulants in crops including corn, wheat, barley, rice, etc., The seaweed extractbased biostimulants are used for the growth and productivity of rice crop, the regulators like auxins, cytokinin and gibberellins in seaweed extracts help in the development of the crop. Biostimulants help in developing drought tolerance in cereal crops and Ascophyllum nodusum seaweed extracts and amino acids are the majorly used products in cereal crops management. The oligosaccharide of seaweed extracts-based biostimulant stimulate the production of reductases which help in nutrient absorption from soil and translocation through the plant.

Biostimulants Regional Market Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific and the Rest of the World. The Europe region has become a significant player in the biostimulants market. The use of biostimulants in the European agriculture landscape is swiftly increasing and the European Commission with an aim to foster sustainable agriculture, uninterrupted supply of feed, food, and biomaterials has launched European Innovation Partnership for Agricultural Productivity and Sustainability (EIP-AGRI) in 2012. EIP-AGRI in line with the EU’s Farm-to-Fork and Biodiversity strategies carries out several activities which include inspirational ideas networks and investments in horizon projects. One of the inspirational ideas networks is regarding the testing of the three consortiums of biostimulants products by the INBIOS operational group. The testing includes biostimulants of nitrogen-fixing microorganisms for reduction of nitrogen fertilizers, micro-organisms that can induce resistance to the crop, and biocontrol agents for reduction of usage of phytosanitary products. Another test by INBIOS is of second-generation biostimulants which is a combination of mycorrhizal and hydrolyzed protein fungi for improving water stress resistance. The project has shown better results for maize crop and the group is planning to disseminate the use of biostimulants to farmers through course modules, thus helping in increasing the awareness and use of biostimulants. Further, the major countries studied are U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, and Australia.

Figure 3: Biostimulants Market Share By Region 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America Biostimulantss market is second of the largest regions in the Biostimulantss market. According to the World Bank data, the fertilizer price has increased more than 30% since the beginning of the year in 2022 and has seen an 80% increase during 2021 in comparison to the 2020 prices. It is expected that the US alone would witness a 12% increase in the prices of fertilizers in 2022 according to the American Farm Bureau Federation and USDA. The rising prices of fertilizers are expected to create opportunities for biostimulants products and players like Valent Biosciences are trying to capitalize on the opportunity by establishing operating unit in February 2022, which the company claims to aid in strengthening its market presence in the US.

Recent News

December 2023: Valagro, a global leader in the production of biostimulants, introduced Megafol, a new biostimulant product designed to enhance plant resilience under abiotic stress conditions. Megafol is formulated with a combination of naturally occurring amino acids, trace elements, and plant extracts, which promote healthier growth and improve resistance to drought, heat, and salinity stress. Valagro emphasized that Megafol not only supports enhanced crop yield but also reduces the dependency on chemical inputs, aligning with the growing demand for sustainable agriculture solutions. The company is targeting markets in Europe, North America, and Asia, where the need for eco-friendly, high-performance agricultural solutions is on the rise.

November 2023: Syngenta launched GroBoost, a new range of biostimulants designed to support plant growth and improve soil health. GroBoost includes a blend of plant growth-promoting microorganisms and organic acids that enhance nutrient uptake and stimulate root development. The product is aimed at boosting crop productivity and quality, especially in regions with nutrient-poor soils. Syngenta’s GroBoost also aims to reduce soil erosion and increase biodiversity, contributing to more sustainable farming practices. The company’s focus on biostimulants reflects its commitment to offering integrated solutions that not only improve crop yield but also support soil health and ecosystem sustainability. Syngenta is expanding the availability of GroBoost in Latin America, Africa, and Southeast Asia, where the market for sustainable farming practices is growing rapidly.

Biostimulants Key Players & Market Competitive Landscape

Major market participants are spending a lot of money on R&D to increase the range of their products, which will drive the Biostimulantss market's future expansion. Market participants are also introducing new products, signing agreements, buying businesses, raising investments, and working with other organizations to broaden their worldwide reach. To grow and survive in a more cutthroat and competitive market climate, biostimulants business competitors must provide affordable product. The biostimulants market witnessed significant growth over the last few years and is projected to register lucrative growth in the forecasted period. The major growth drivers are high-value crops and organic agriculture and growing natural method of organic farming. However, lack of awareness among farmers may limit growth. The products are expected to drive growth opportunities for players operating in the biostimulants market during the forecast period.

One of the primary business strategies adopted by manufacturers in the biostimulants industry to benefit clients and expand the Biostimulants market sector is to manufacture locally to reduce operating costs. In recent years, Biostimulants have provided enormous benefits to its consumers.

Key Companies in the Biostimulants market include

• Bayer AG (Germany)


• Koppert (Netherland)


• BASF SE (Germany)


• Syngenta (Switzerland)


• UPL Ltd (India)


• IsagroSpA (Italy)


• Valent Biosciences Corp (US)


• Eastman Chemical Company (US)


• Isagro (Italy)


• Valent Bioscience Corp (France)

Biostimulants Industry: Market Developments

March 2022: Valagro launched its innovative bio-stimulant product Talete in India. The innovative product is a solution created to increase crop water productivity which further helps in business growth in the region.

January 2022: Bayer AG launched its bio-stimulant crop supplements formulation product named Ambition in China. This product is Bayer AG’s first Amino Acid biostimulant launched in China.

April 2022: Bayer AG increased its funds for investments in agricultural and healthcare innovations. The investment will further help the company to expand its capabilities in agriculture.

Biostimulants Market Segmentation

Biostimulants Active Ingredients of Cover Outlook

• Humic Substances


• Seaweed Extracts


• Microbial Amendments


• Amino Acids


• Others

Biostimulants Mode of Application Outlook

• Foliar Treatment


• Soil Treatment


• Seed Treatment

Biostimulants Crop Outlook

• Fruits & Vegetables


• Cereals & Grains


• Oilseeds & Pulses


• Others

Biostimulants Regional Outlook

• North America




• US


• Canada


• Mexico




• Europe




• France


• Germany


• UK


• Spain


• Italy


• Rest of Europe




• Asia-Pacific




• China


• Japan


• India


• Australia & New Zealand


• Rest of Asia-Pacific




• Rest of the World




• South America


• Africa


• Middle East