Middle East & Africa Biostimulants Market Size & Outlook
Middle East & Africa biostimulants market, 2018-2030 (US$M)
Related Markets
MEA biostimulants market highlights
- The MEA biostimulants market generated a revenue of USD 92.6 million in 2022.
- The market is expected to grow at a CAGR of 4.9% 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.
MEA data book summary
| Market revenue in 2022 | USD 92.6 million |
| Market revenue in 2030 | USD 135.9 million |
| Growth rate | 4.9% (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, MEA region accounted for 3.5% 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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Middle East & Africa 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 48.06% in 2022. Horizon Databook has segmented the Middle East & Africa biostimulants market based on acid based, seaweed extract, microbial, other active ingredients covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa is characterized by the presence of limited availability of arable land for agricultural purposes and, therefore, needs to raise the per hectare crop yield to meet the rising food demand. The region also faces adverse climatic conditions coupled with the scarcity of water, thereby leading to unfavorable conditions for agriculture.
The rural areas in the Middle East & Africa region exhibit a limited acceptance of bio stimulants in agricultural activities. However, the market penetration is gradually rising due to the launch of several initiatives by the government, key market players, and non-governmental bodies to raise public awareness about bio based products and sustainable farming practices.
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Target buyers of Middle East & Africa biostimulants market databook
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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 Middle East & Africa biostimulants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa biostimulants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa biostimulants market
Middle East & Africa Biostimulants Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa biostimulants market
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