Global Seaweed Extracts Biostimulant Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028

Stratistics MRC's Global Seaweed Extracts Biostimulant Market value is expected to reach $2,286.51 million growing at a CAGR of 12.8% during 2023-2030.

Seaweed is a type of plant that grows naturally in the ocean. Seaweeds, commonly referred to as marine microalgae, are typically connected to hard coastal substrates. Various marine algae, including kelps, doles, rockweeds, and sea lettuce, make up these plants. An organic fertilizer called seaweed extract contains vitamins, fatty acids, and macro- and micronutrients. Additionally, it includes marine bioactive substances such phycocolloid, polyphenol, mannitol, oligosaccharides betaine, and cytokines, which are thought to be crucial for root growth, disease resistance, and enhancing germination and leaf quality. Both horticultural and agricultural crops can benefit from the biostimulant found in seaweed extracts.
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South America is predicted to experience the greatest CAGR throughout the projection period. Brazil is the largest market for biostimulants in the region. To feed the expanding world population, the area has concentrated on low-carbon technologies. Argentina is the top producer of organic food in South America, and it exports a significant amount of grains, oilseeds, fruits, and sugarcane. The marketing of organic products locally and abroad increased as a result. Farmers in the area are becoming more aware of the advantages of organic farming, which has led them to explore it as a substitute for conventional farming as a means of preserving and safeguarding their local resources. The initiatives to inject healthy soil bacteria and efficient biostimulants into damaged soils are also boosting the market demand.
Some of the key players profiled in the Seaweed Extracts Biostimulant Market include FMC Corporation, Indigrow Ltd, Valagro S.p.A, Biolchim Spa, Atlantica Agricola, Biostadt India Limited, BioAtlantis Ltd, Haifa Negev technologies Ltd, Koppert, Adama, Qingdao Seawin Biotech Group Co, Trade Corporation International, OMEX, ILEX Envirosciences Ltd, Brandt Inc, BASF SE and UPL Limited.
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