Market Size of brazil biostimulants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 306.60 Million |
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Market Size (2029) | USD 520.09 Million |
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Largest Share by Form | Seaweed Extracts |
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CAGR (2024 - 2029) | 11.15 % |
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Fastest Growing by Form | Amino Acids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Biostimulants Market Analysis
The Brazil Biostimulants Market size is estimated at 306.60 million USD in 2024, and is expected to reach 520.09 million USD by 2029, growing at a CAGR of 11.15% during the forecast period (2024-2029).
306.60 Million
Market Size in 2024 (USD)
520.09 Million
Market Size in 2029 (USD)
5.94 %
CAGR (2017-2023)
11.15 %
CAGR (2024-2029)
Largest by Form
59.04 %
value share, Seaweed Extracts, 2023
Seaweed extracts are dominant due to their richness in micro/macro elements, humic acids, and phytohormones, and their ability to enhance soil bacteria and plant resistance.
Fastest by Form
13.78 %
Projected CAGR, Amino Acids, 2024-2029
The growth of Amino acid-based biostimulants is driven by the greater availability of aminoacid based biostimulants and growing farmer awareness of their benefits.
Largest by Crop Type
77.60 %
value share, Row Crops, 2023
The major row crops grown in Brazil include soybean, corn, rice and wheat. In these crops the application of biostimulants is increasing as part of integrated crop management.
Fastest by Crop Type
11.25 %
Projected CAGR, Row Crops, 2024-2029
Row crops are dominating the Brazil biofertilizers market with a market share of 79.2%, this is due the increasing organic acreage, from 2017 to 2022, 23.3% increased.
Leading Market Player
2.31 %
market share, Trade Corporation International, 2022
Trade Corporation International offers biostimulant products that provide both micro and macronutrients associated with amino acids obtained through biological fermentation.
- The agriculture industry is one of the major industries in the country, with a total agricultural area of about 85.0 million hectares as of 2021. This large agriculture area accounted for about 64.0% of the South American biostimulants market value in 2022.
- The dominant biostimulant in the market is seaweed extract-based biostimulant, valued at about USD 143.2 million in 2022. The adoption of these biostimulants is increasing, and the market value of seaweed-based biostimulants is expected to reach USD 307.1 million by the end of the forecast period.
- The Brazilian government is promoting the use of sustainable or biobased products through a program called The National Program for Biobased Agricultural Input. According to this program, at least 40 million hectares of area are grown with plant growth promoters and inoculants, which may drive the demand for biostimulant products during the forecast period.
- From 2017 to 2021, the market value of other biostimulants rose by roughly 12.7%. Other biostimulants used in agriculture include chitosan and biopolymers, microbial supplements, some inorganic compounds originating from plant and animal bodies, and plant growth regulators. In 2022, other biostimulants accounted for 24.0% of the biostimulants market value in Brazil. The other biostimulants' market value is expected to reach USD 111.2 million by the end of the forecast period.
- The growing knowledge among farmers about the importance of biostimulants in increasing crop resistance to biotic and abiotic stress, enhancing nutrient absorption, and their application in both organic and non-organic farms will drive the market during the forecast period.
Understand The Key Trends Shaping This Market
