Latin America Biostimulants Market Size & Outlook
Latin America biostimulants market, 2018-2030 (US$M)
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Latin America biostimulants market highlights
- The Latin America biostimulants market generated a revenue of USD 373.5 million in 2022.
- The market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, acid based was the largest revenue generating active ingredients in 2022.
- Seaweed Extract is the most lucrative active ingredients segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 373.5 million |
| Market revenue in 2030 | USD 694.3 million |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Acid based |
| Fastest growing segment | Seaweed Extract |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acid Based, Seaweed Extract, Microbial, Other Active Ingredients |
| Key market players worldwide | Isagro, Basf SE, Calumet Specialty Products Partners LP, Novozymes, Adecoagro SA, Italmobiliare SpA, Koppert |
Other key industry trends
- In terms of revenue, Latin America region accounted for 14.3% of the global biostimulants market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,281.4 million by 2030.
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Biostimulants Market Scope
Biostimulants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America biostimulants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biostimulants market will help companies and investors design strategic landscapes.
Acid based was the largest segment with a revenue share of 47.93% in 2022. Horizon Databook has segmented the Latin America biostimulants market based on acid based, seaweed extract, microbial, other active ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
Changing government policies to promote agricultural production are likely to provide a major boost to the agricultural economy. The increasing focus on sustainable development is also another key factor that is promoting the use of bio stimulants in soil amendment to enhance the crop yield.
The countries have also increased their agricultural output owing to the rising agricultural exports increasing domestic demand. In addition, organic farming has also started to gain momentum over the past few years owing to its long-term environmental benefits, thereby supplementing the demand for bio stimulants in farming practices.
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Our clientele includes a mix of biostimulants market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America biostimulants market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America biostimulants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America biostimulants market size, by country, 2018-2030 (US$M)
Latin America Biostimulants Market Outlook Share, 2022 & 2030 (US$M)
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