The global biostimulants market was valued at USD 4.03 billion in 2024. It is anticipated to expand from USD 4.47 billion in 2025 to USD 9.75 billion by 2032, registering a compound annual growth rate (CAGR) of 11.80% over the forecast period. In 2024, Europe led the biostimulants market, accounting for a 38.95% share.
In the U.S., the biostimulants market is projected to witness significant growth, with an estimated valuation of USD 1.46 billion by 2032. This growth is fueled by increased R&D spending by key market players and advancements in agricultural technologies.
Biostimulants refer to any substances or microorganisms applied to plants to enhance crop quality, nutrient efficiency, and tolerance to abiotic stress. The growing popularity of organic farming, rising environmental and climate-related concerns, and a broader global movement toward sustainability are key factors driving the market's expansion.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/biostimulants-market-100414
Segments
Enhancement of Biochemical and Physiological Traits in Crops to Support Non-Microbial Segment Growth
By source, the market is segmented into microbial and non-microbial. The non-microbial category leads and is expected to show robust growth throughout the forecast period, primarily due to its impact on improving crops' biochemical and physiological characteristics.
Global Increase in Seaweed Cultivation to Propel Seaweed Extracts Segment Growth
Based on active ingredients, the market is segmented into seaweed extracts, humic substances, vitamins & amino acids, microbial amendments, and others. The seaweed extracts segment dominates due to the rising global cultivation of seaweed.
High Efficiency of Foliar Sprays in Enhancing Plant Health to Drive Foliar Application Segment Growth
In terms of application, the market is classified into foliar application, soil treatment, and seed treatment. The foliar application segment holds the largest market share due to its proven effectiveness in enhancing plant health.
Rising Greenhouse Vegetable Production to Support Row Crops Segment Growth
By crop type, the market is divided into row crops, fruits and vegetables, turf & ornamentals, and others. Row crops are expected to dominate during the forecast period, driven by increased adoption of greenhouse vegetable farming and a growing demand for high-value crops.
Geographically, the market is assessed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report includes: