North America Biostimulants Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The North America Biostimulants Market is segmented by Form ( Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts ) , by Crop Type ( Cash Crops, Horticultural Crops, Row Crops ) and by Country ( Canada, Mexico, United States )

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North America Biostimulants Market Size

North America Biostimulants Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2029
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR 12.70 %
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Form Protein Hydrolysates
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country United States
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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North America Biostimulants Market Analysis

The North America Biostimulants Market is projected to register a CAGR of 12.70%

  • Protein Hydrolysates is the Largest Form : Protein hydrolysates hold the largest market share among biostimulants with 40.9% share in the year 2022. They improve crop performance even under abiotic stress conditions.
  • Humic Acid is the Fastest-growing Form : The application of humic acid in greenhouses & growth chambers improves the crop yield significantly. They help them in improving the uptake of nutrients and water
  • Row Crops is the Largest Crop Type : The major row crops cultivated in the Region include rice, wheat, canola, barley, corn, and soybeans. Protein hydrolysates are the most consumed biostimulants by row crops
  • United States is the Largest Country : United States has highly evolved agricultural sector and is adapting organic farming with increased consumption of biostimulants due to their ability to enhance crop growth.

North America Biostimulants Market Trends

This section covers the major market trends shaping the North America Biostimulants Market according to our research experts:

Protein Hydrolysates is the largest Form

  • The North American biostimulants market is anticipated to grow over the coming years, driven by several key factors. With a value of USD 840.2 million and volume consumption of 88.2 thousand metric tons in 2022, protein hydrolysates are the most consumed biostimulant type in the region, accounting for a market share of 40.9%. These products are known to improve crop performance, even under abiotic stress conditions, by ensuring the synthesis of essential plant amino acids and nutrients.
  • During the historical period (2017-2022), the market for protein hydrolysates saw an upward trend and is expected to register a CAGR of 12.7%. This is due to a growing need for increased crop productivity and quality of produce, which can be achieved through biostimulants.
  • Humic acid is another biostimulant that has shown promising results in improving crop yield. The application of humic acid in greenhouses and growth chambers has been known to significantly improve crop yield, while foliar application at the rate of 20.0 ml/lit in pepper fields has recorded the highest chlorophyll content. Amino acids, such as L-proline, L-Glycine, L-Glutamic acid, and L-Methionine, are commonly used biostimulants in agriculture. These products can improve various plant processes, including germination, fruit set, pollination, and resistance, to environmental stresses.
  • Biostimulants offer a promising solution for improving crop productivity and quality while reducing the use of chemical fertilizers and pesticides. As the demand for organic and sustainable farming practices continues to rise, biostimulants are likely to play an increasingly important role in agriculture.
North America Biostimulants Market: North America Biostimulants Market, CAGR, %, By Form, 2023 - 2029

United States is the largest Country

  • The United States, with its highly evolved agricultural sector, has been adapting natural and organic ways of farming. The region is witnessing high consumption of biostimulants, with more farmers preferring to use them due to their ability to enhance crop performance.
  • The market in the United States was valued at USD 416.8 million in 2022. The United States accounted for a maximum share of 49.6% of North America in biostimulant consumption, further aided by the increasing organic acreages.
  • Canada is the second-largest market, with a share of 35.2% in 2022. The Canadian government's support for safe agriculture practices and the growing demand for organic food in the country are driving the market's growth.
  • Organic food sales in the country reached a value of USD 8.10 billion in 2020, as per the data reported by the Organic Federation of Canada. It is reported that Canada is the 6th largest market in the world for organic products, with the supply of organic products failing to keep up with the demand in the country. These factors act as potential drivers for biostimulants in the country.
  • Mexico is one of the emerging agricultural countries in North America. It accounted for around 13.3% of the overall agricultural biostimulants market in the region in 2022. There is an immense potential for biostimulants in the country due to its well-established organic farming. The organic area in Mexico is estimated to grow by 16.4% during the forecast period, which is expected to boost the demand for biostimulants.
  • The biostimulant market in North America is poised for further growth, driven by the increasing adoption of sustainable agriculture practices and the growing demand for organic food in the region.
North America Biostimulants Market: North America Biostimulants Market, CAGR, %, By Country, 2023 - 2029

North America Biostimulants Industry Overview

The North America Biostimulants Market is fragmented, with the top five companies occupying 3.23%. The major players in this market are Actagro LLC, Agrinos, Hello Nature USA Inc., Humic Growth Solutions Inc. and Valagro USA (sorted alphabetically).

North America Biostimulants Market Leaders

  1. Actagro LLC

  2. Agrinos

  3. Hello Nature USA Inc.

  4. Humic Growth Solutions Inc.

  5. Valagro USA

*Disclaimer: Major Players sorted in no particular order

North America Biostimulants Market Concentration

North America Biostimulants Market News

  • February 2022: Plant Response Inc. was acquired by The Mosaic Company, which is a global fertilizer manufacturer. This acquisition strengthened the company's global presence. Through the acquisition, the company develops new products and solutions for the customers in a sustainable way.
  • May 2021: Plant Response Inc. announced its acquisition of WISErg, which is a startup that upcycles nutrients from recovered food for use in fertilizer and nutrient-efficient products that enhance plant and soil health.
  • January 2020: Plant Response Inc. acquired Pathway BioLogic, an applied microbial science company, to expand its portfolio of biological products offered to the agricultural industry. The acquisition has allowed the company to create value for channel partners and farmers in multiple categories, including intrinsic yield improvement, abiotic stress tolerance, increased nutrient use efficiency, and enhanced plant innate immunity.

North America Biostimulants Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Area Under Organic Cultivation

    2. 2.2. Per Capita Spending On Organic Products

    3. 2.3. Regulatory Framework

    4. 2.4. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Form

      1. 3.1.1. Amino Acids

      2. 3.1.2. Fulvic Acid

      3. 3.1.3. Humic Acid

      4. 3.1.4. Protein Hydrolysates

      5. 3.1.5. Seaweed Extracts

      6. 3.1.6. Other Biostimulants

    2. 3.2. Crop Type

      1. 3.2.1. Cash Crops

      2. 3.2.2. Horticultural Crops

      3. 3.2.3. Row Crops

    3. 3.3. Country

      1. 3.3.1. Canada

      2. 3.3.2. Mexico

      3. 3.3.3. United States

      4. 3.3.4. Rest Of North America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Actagro LLC

      2. 4.4.2. Agriculture Solutions Inc.

      3. 4.4.3. Agrinos

      4. 4.4.4. Agrocare Canada Inc.

      5. 4.4.5. Hello Nature USA Inc.

      6. 4.4.6. Humic Growth Solutions Inc.

      7. 4.4.7. Koppert Biological Systems Inc.

      8. 4.4.8. Plant Response Biotech Inc.

      9. 4.4.9. Sigma Agriscience LLC

      10. 4.4.10. Valagro USA

  7. 5. KEY STRATEGIC QUESTIONS FOR AGRICULTURAL BIOLOGICALS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, AREA UNDER ORGANIC CULTIVATION, HECTARES, 2017 - 2022
  1. Figure 2:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, PER CAPITA SPENDING ON ORGANIC PRODUCTS, USD, 2017 - 2022
  1. Figure 3:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 4:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE, USD, 2017 - 2029
  1. Figure 5:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 6:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 7:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY FORM, 2017 - 2029
  1. Figure 8:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2017 - 2029
  1. Figure 9:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 10:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 11:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 12:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 13:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 14:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 15:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 16:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 17:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 18:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 19:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 20:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 21:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 22:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 23:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 24:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 25:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY FORM, VALUE, USD, 2017 - 2029
  1. Figure 26:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2022 - 2029
  1. Figure 27:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 28:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 29:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 30:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY CROP TYPE, 2017 - 2029
  1. Figure 31:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 32:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 33:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 34:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 35:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 36:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 37:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 38:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY CROP TYPE, VALUE, USD, 2017 - 2029
  1. Figure 39:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 40:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 41:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 42:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VOLUME SHARE(%), BY COUNTRY, 2017 - 2029
  1. Figure 43:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY COUNTRY, 2017 - 2029
  1. Figure 44:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 45:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 46:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 47:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 48:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 49:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 50:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 51:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 52:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 53:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VOLUME, METRIC TON, 2017 - 2029
  1. Figure 54:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, BY COUNTRY, VALUE, USD, 2017 - 2029
  1. Figure 55:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, VALUE SHARE(%), BY FORM, 2022 - 2029
  1. Figure 56:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2017-2022
  1. Figure 57:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET, MOST ADOPTED STRATEGIES, 2017-2022
  1. Figure 58:  
  2. NORTH AMERICA BIOSTIMULANTS MARKET SHARE(%), BY MAJOR PLAYERS, 2022

North America Biostimulants Industry Segmentation

Amino Acids, Fulvic Acid, Humic Acid, Protein Hydrolysates, Seaweed Extracts are covered as segments by Form. Cash Crops, Horticultural Crops, Row Crops are covered as segments by Crop Type. Canada, Mexico, United States are covered as segments by Country.
Form
Amino Acids
Fulvic Acid
Humic Acid
Protein Hydrolysates
Seaweed Extracts
Other Biostimulants
Crop Type
Cash Crops
Horticultural Crops
Row Crops
Country
Canada
Mexico
United States
Rest Of North America

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Market Definition

  • AVERAGE DOSAGE RATE - This refers to the average volume of biostimulants applied per hectare of farmland in the respective region/country.
  • CROP TYPE - Row Crops: Cereals, Pulses, Oilseeds, and Forage Crops Horticulture: Fruits, and Vegetables, Cash Crops: Plantation Crops and Spices.
  • FUNCTIONS - Biostimulants
  • MARKET ESTIMATION LEVEL - Market Estimations for various types of biostimulants has been done at the product-level.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.

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North America Biostimulants Market Research FAQs

The North America Biostimulants Market size is expected to reach USD 942.81 million in 2023 and grow at a CAGR of 12.70% to reach USD 1.93 billion by 2029.

In 2023, the North America Biostimulants Market size is expected to reach USD 942.81 million.

Actagro LLC, Agrinos, Hello Nature USA Inc., Humic Growth Solutions Inc. and Valagro USA are the major companies operating in the North America Biostimulants Market.

In the North America Biostimulants Market, the Protein Hydrolysates segment accounts for the largest share by form.

In 2023, United States accounts for the largest share by country in the North America Biostimulants Market.

North America Biostimulants Industry Report

Statistics for the 2023 North America Biostimulants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports.  North America Biostimulants analysis includes a market forecast outlook to 2029 and historical overview.  Get a sample of this industry analysis as a free report PDF download.

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