Market Size of india biostimulants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 188.19 Million |
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Market Size (2029) | USD 310.14 Million |
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Largest Share by Form | Seaweed Extracts |
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CAGR (2024 - 2029) | 10.51 % |
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Fastest Growing by Form | Amino Acids |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Biostimulants Market Analysis
The India Biostimulants Market size is estimated at 188.19 million USD in 2024, and is expected to reach 310.14 million USD by 2029, growing at a CAGR of 10.51% during the forecast period (2024-2029).
188.19 Million
Market Size in 2024 (USD)
310.14 Million
Market Size in 2029 (USD)
4.37 %
CAGR (2017-2023)
10.51 %
CAGR (2024-2029)
Largest by Form
38.60 %
value share, Seaweed Extracts, 2023
Seaweed extract biostimulants shows beneficial effects on plants increases overall plant growth and productivity and increases resistance to biotic and abiotic stresses.
Fastest by Form
13.62 %
Projected CAGR, Amino Acids, 2024-2029
Amino acids can be used at any stage of cultivation and improve the stages of rooting, growth, flowering, fruit set, and fattening, in biotic and abiotic stress conditions
Largest by Crop Type
86.33 %
value share, Row Crops, 2023
Wheat, paddy, sorghum, millet, barley, and maize are the most important cereal crops grown in the country. Seaweed extracts are most consumed biostimulants in the row crops.
Fastest by Crop Type
10.60 %
Projected CAGR, Row Crops, 2024-2029
Row crops are dominating the India biostimulant market holding 86.2% in 2022, this is because of row crops are accounted for largest organic cultivation area in the country.
Leading Market Player
3.88 %
market share, Biostadt India Limited, 2022
Biostadt India Limited manufactures different seaweed based biostimulants in various forms which are suitable for almost all types of field and horticultural crops.
- Many biostimulants as active ingredients are used in the Indian biostimulants market, including humic acid, fulvic acid, amino acids, protein hydrolysates, seaweed extracts, chitosan, biopolymers, and other biostimulants such as plant and animal derivatives. The Indian biostimulants market was valued at USD 153.2 million in 2022 and grew by 15.7% between 2017 and 2022.
- Seaweed extract biostimulants have the largest market share in the Indian biostimulants market, accounting for 37.4% in 2022, with a market value of USD 57.2 million in 2022. This is due to their ability to improve the overall health of the plant, as well as their ability to improve stress tolerance, root growth, nutrition and water intake, plant growth, and crop yield.
- Row crops accounted for 86.2% of the biostimulants market value in 2022. This is because row crops accounted for approximately 82.3% of the total organic crop area in the country in 2022. Cash crops and horticultural crops account for 11.2% and 2.6% of the biostimulants market, respectively, in 2022.
- As the demand for organic food items is on the rise, the Indian government is promoting the production of organic crops, fruits, and vegetables through various schemes, like National Horticulture Mission, Horticulture Mission for North East and Himalayan States, Rashtriya Krishi Vikas Yojana, National Project on Management of Soil Health and Fertility, National Project on Organic Farming, Network Project on Organic Farming under Indian Council of Agricultural Research, and Paramparagat Krishi Vikas Yojana. These initiatives will boost the Indian biostimulants market.
- The Indian biostimulants market value is anticipated to grow by 81.2% during the forecast period, with a CAGR of 10.4%.
Understand The Key Trends Shaping This Market
