Global Seaweed Extracts Biostimulant Market
Global seaweed extracts biostimulant market is expected to reach USD 2,935.14 million by 2031 from USD 1,105.36 million in 2023, growing at a CAGR of 13.1% during the forecast period of 2024 to 2031.
Market Segmentation: Global Seaweed Extracts Biostimulant Market, By Species (Brown Algae, Red Algae, and Green Algae), Crop Type (Fruits& Vegetables, Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals, and Other Crops), Application Method (Foliar Treatment, Soil Treatment, and Seed Treatment), Form (Liquid and Dry), End User (Farmers, Related Industries, Research Institutes, and Others), Distribution Channel (Direct and Indirect), By Countries (U.S., Canada, Mexico, France, Italy, Spain, Germany, U.K., Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, India, Australia, Japan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Chile, Rest of South America, South Africa, Egypt, Saudi Arabia, Israel, United Arab Emirates, and Rest of Middle East and Africa)- Industry Trends and Forecast to 2031
Overview of Global Seaweed Extracts Biostimulant Market Dynamics:Driver
• Rising preference for organically grown food among consumers
• Rising need for sustainable agriculture
• Growing demands for seaweed as raw materials
Restraints
• Disproportionality in the supply chain of seaweed extract
• Lack of awareness regarding the seaweed extracts based biostimulants
Opportunities
• Growing popularity of horticulture
• Continuous climatic change
Market Players:The key market players for global seaweed extracts biostimulant market are listed below:• FMC Corporation
• Valagro S.p.A
• OMEX
• ATLÁNTICA AGRÍCOLA
• BioAtlantis Ltd.
• Koppert
• ROVENSA NEXT
• UPL
• L.Gobbi Srl unipersonale
• Qingdao Seawin Biotech Group Co., Ltd
• Brandt, Inc.
• ASL
• Algea
• BIOVERT S.L.
• Biostadt India Limited
• Ilex EnviroSciences ltd
• Haifa Negev technologies LTD
• MPH
• Biolchim Spa
• Indigrow Ltd
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