Seaweed Extracts Biostimulant Market

Seaweed Extracts Biostimulant Market

Seaweed Extracts Biostimulant Market Forecasts to 2028 - Global Analysis By Form (Liquid, Dry and Humic), Species (Brown Algae, Red Algae, Green Algae and Other Species), Crop Type, Application, End User, Distribution Channel and By Geography

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Published: 2023 ID: SMRC23233

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2022)

US $1104.12 MN

Projected Year Value (2028)

US $2286.51 MN

CAGR (2022 - 2028)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market


Highest Growing Market

South America

According to Stratistics MRC, the Global Seaweed Extracts Biostimulant Market is accounted for $1,104.12 million in 2022 and is expected to reach $2,286.51 million by 2028 growing at a CAGR of 12.8% during the forecast period. Seaweed is a type of plant that grows naturally in the ocean. Seaweeds, commonly referred to as marine microalgae, are typically connected to hard coastal substrates. Various marine algae, including kelps, doles, rockweeds, and sea lettuce, make up these plants. An organic fertilizer called seaweed extract contains vitamins, fatty acids, and macro- and micronutrients. Additionally, it includes marine bioactive substances such phycocolloid, polyphenol, mannitol, oligosaccharides betaine, and cytokines, which are thought to be crucial for root growth, disease resistance, and enhancing germination and leaf quality. Both horticultural and agricultural crops can benefit from the biostimulant found in seaweed extracts.

According to the reports of European Union (EU), the European Biostimulants Industry Consortium (EBIC) has drafted a directive based on the views and suggestions of manufacturers and research institutes and tabulated it for EU approval. The biostimulant products must undergo repetitive registration processes under each European country’s respective regulations.

Market Dynamics:


Rising preference for organic food

Organic food is produced using synthetic pesticides, fertilizers, and herbicides. Food that has been grown organically provides the finest nutritional advantages and dietary variety, encouraging more people to choose naturally grown foods. In place of artificial fertilizers, which are used to increase both the quantity and quality of agricultural production, seaweed extract provides the ideal replacement since it is rich in vitamins, fatty acids, and other macro- and micronutrients essential for plant growth. As a result, the need for plant inhibitors, bio fertilizers, and bio pesticides rises as organic food becomes more and more well-liked.


Marketing of low-quality products

Lack of transparency in patent protection laws in various countries has led to the prevalence of low-quality products. The nature of the market has become fragmented into smaller pockets of market holdings. This has been a factor in introducing low-quality products in the market by regional or local manufacturers to reap the benefits. The low prices of these products from small-scale domestic manufacturers also attract farmers to purchase them. Similar product formulations from many competitors reduce consumer loyalty as well as the brand value of the products.


Growing demand of horticulture

Seaweed is frequently sprayed directly onto plant leaves in horticulture, or as a foliar spray. By using this technique, the plant is able to absorb the nutrients more rapidly, which promotes quicker development and greater resistance to pests and diseases. To increase the yield per acre, horticulture crops need higher inputs of fertilizers and insecticides. As a result, the biostimulants made from seaweed extract can boost crop productivity and growth. Abiotic stressors, such as water logging in extremely hot temperatures, drought, and salt, have a significant impact on the yield and quality of horticultural crops. Because they contain bioactive chemicals that improve crop performance in abiotic conditions, seaweed extracts can help solve this issue.


High levels of contamination

High concentrations of inorganic arsenic and iodine make up seaweed extracts' biostimulants. High concentrations of contaminant elements appear to be related to contamination levels in the growing environment. It poses shifts in water quality, increases loading of sediments and contaminants. Its highly concentrated mineral content stipulates serious health hazards, which is further impeding market expansion.

Covid-19 Impact

The COVID-19 pandemic has not had a substantial impact on the global market for seaweed extracts as biostimulants. This industry was excluded from lockdown limitations by the national government. Because they spent a long period operating in a very volatile environment, the biostimulant firms have built up a strong worldwide immunity. The rate of production decreased to about 20–30% of the overall capacity. Following the epidemic, output increased once more, and the industry experienced significant expansion as people began consuming more organic food.

The liquid segment is expected to be the largest during the forecast period

The liquid segment is estimated to have a lucrative growth, due to its easy applications. The liquid biostimulants are able to be quickly and conveniently sprayed over wider regions. Crop producers have a variety of alternatives to liquid formulations, which allow biostimulants to be combined with preservatives, additives, and insecticides. Some of the active components in biostimulants readily dissolve in liquid solvents like water or a petroleum-based solvent. The active component, the solvent, and one or more other chemicals are often present in the formulations of these biostimulants. Fewer liquid biostimulants are enough to cover bigger crop areas as compared to the dry version.

The soil treatment segment is expected to have the highest CAGR during the forecast period

The soil treatment segment is anticipated to witness the fastest CAGR growth during the forecast period. Humic acids, phytohormones, and micro- and macronutrients are abundant in seaweed biostimulants. It increases soil fertility and promotes deeper root growth as well as greater seed germination. It improves nutrient absorption and frost tolerance. Insect attack frequency is decreased and resistance to fungal ailments is increased by seaweed extracts. Polysaccharides, proteins, and fatty acids included in seaweed extract fertilizers help the soil retain moisture and nutrients, resulting in better crop development.

Region with largest share:

Europe is projected to hold the largest market share during the forecast period. Due to its usage as a natural crop production element, seaweed is in extremely high demand in this region. The demand for organic goods has encouraged a number of European biostimulant businesses to grow their global networks. The greatest vegan population in the area is a result of the quality standards and consumption of organic foods. Due to the high level of consumer awareness regarding environmental safety and sustainability, the area has started the "European Green Deal" program and "Farm to Fork".

Region with highest CAGR:

South America is predicted to experience the greatest CAGR throughout the projection period. Brazil is the largest market for biostimulants in the region. To feed the expanding world population, the area has concentrated on low-carbon technologies. Argentina is the top producer of organic food in South America, and it exports a significant amount of grains, oilseeds, fruits, and sugarcane. The marketing of organic products locally and abroad increased as a result. Farmers in the area are becoming more aware of the advantages of organic farming, which has led them to explore it as a substitute for conventional farming as a means of preserving and safeguarding their local resources. The initiatives to inject healthy soil bacteria and efficient biostimulants into damaged soils are also boosting the market demand.

Key players in the market

Some of the key players profiled in the Seaweed Extracts Biostimulant Market include FMC Corporation, Indigrow Ltd, Valagro S.p.A, Biolchim Spa, Atlantica Agricola, Biostadt India Limited, BioAtlantis Ltd, Haifa Negev technologies Ltd, Koppert, Adama, Qingdao Seawin Biotech Group Co, Trade Corporation International, OMEX, ILEX Envirosciences Ltd, Brandt Inc, BASF SE and UPL Limited.

Key Developments:

In May 2023, BioAtlantis has joined an international research project to make crops more tolerant to the increasing challenges of the climate crisis. The project is called CropPrime and involves a pan-European consortium of plant research centres. CropPrime also has support from two research centres based in South Africa and Argentina.

In September 2022, FMC India, an agricultural sciences company announced its portfolio expansion with three new products in support of Indian farmers to achieve better yields through good quality produce and an improved soil profile.

In October 2021, UPL Limited (India), and Chr Hansen Holdings A/s announced a partnership to develop microbial-based biostimulants and biopesticides for improving crop quality and yield. This will help the companies enter the crop protection sector in various geographies.

In September 2021, Koppert Biological Systems has expanded its Horiver sticky trap range with 4 new traps for monitoring and trapping pests like aphids, leaf miners, whiteflies, thrips and other harmful insects in a wide variety of crops. Koppert will retain its all-rounder Horiver trap that gives the best results for catching multiple pests.

In March 2020, BASF SE and Delair collaborated to scale up BASF SE research and development projects for seeds, traits, and crop protection. The agreement will enable BASF’s agricultural research stations worldwide to use the cloud platform to streamline and standardize the information gained through drone-based field studies.

Forms Covered:
• Liquid
• Dry
• Humic

Species Covered:
• Brown Algae
• Red Algae
• Green Algae
• Other Species

Crop Types Covered:
• Fruits
• Vegetables
• Oilseeds
• Pulses
• Cereals & Grains
• Turf & Ornamentals
• Other Crop Types

Applications Covered:
• Seed Treatment
• Foliar Treatment
• Soil Treatment
• Other Applications

End Users Covered:
• Farmers
• Related Industries
• Research Institutes
• Other End Users

Distribution Channels Covered:
• Direct
• Indirect

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Seaweed Extracts Biostimulant Market, By Form
5.1 Introduction
5.2 Liquid
5.3 Dry
5.4 Humic

6 Global Seaweed Extracts Biostimulant Market, By Species
6.1 Introduction
6.2 Brown Algae
6.3 Red Algae
6.4 Green Algae
6.5 Other Species

7 Global Seaweed Extracts Biostimulant Market, By Crop Type
7.1 Introduction
7.2 Fruits
7.3 Vegetables
7.4 Oilseeds
7.5 Pulses
7.6 Cereals & Grains
7.7 Turf & Ornamentals
7.8 Other Crop Types

8 Global Seaweed Extracts Biostimulant Market, By Application
8.1 Introduction
8.2 Seed Treatment
8.3 Foliar Treatment
8.4 Soil Treatment
8.5 Other Applications

9 Global Seaweed Extracts Biostimulant Market, By End User
9.1 Introduction
9.2 Farmers
9.3 Related Industries
9.4 Research Institutes
9.5 Other End Users

10 Global Seaweed Extracts Biostimulant Market, By Distribution Channel
10.1 Introduction
10.2 Direct
10.3 Indirect

11 Global Seaweed Extracts Biostimulant Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa

12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies

13 Company Profiling
13.1 FMC Corporation
13.2 Indigrow Ltd
13.3 Valagro S.p.A
13.4 Biolchim Spa
13.5 Atlantica Agricola
13.6 Biostadt India Limited
13.7 BioAtlantis Ltd
13.8 Haifa Negev technologies Ltd
13.9 Koppert
13.10 Adama
13.11 Qingdao Seawin Biotech Group Co
13.12 Trade Corporation International
13.13 OMEX
13.14 ILEX Envirosciences Ltd
13.15 Brandt Inc
13.16 BASF SE
13.17 UPL Limited

List of Tables
1 Global Seaweed Extracts Biostimulant Market Outlook, By Region (2020-2028) ($MN)
2 Global Seaweed Extracts Biostimulant Market Outlook, By Form (2020-2028) ($MN)
3 Global Seaweed Extracts Biostimulant Market Outlook, By Liquid (2020-2028) ($MN)
4 Global Seaweed Extracts Biostimulant Market Outlook, By Dry (2020-2028) ($MN)
5 Global Seaweed Extracts Biostimulant Market Outlook, By Humic (2020-2028) ($MN)
6 Global Seaweed Extracts Biostimulant Market Outlook, By Species (2020-2028) ($MN)
7 Global Seaweed Extracts Biostimulant Market Outlook, By Brown Algae (2020-2028) ($MN)
8 Global Seaweed Extracts Biostimulant Market Outlook, By Red Algae (2020-2028) ($MN)
9 Global Seaweed Extracts Biostimulant Market Outlook, By Green Algae (2020-2028) ($MN)
10 Global Seaweed Extracts Biostimulant Market Outlook, By Other Species (2020-2028) ($MN)
11 Global Seaweed Extracts Biostimulant Market Outlook, By Crop Type (2020-2028) ($MN)
12 Global Seaweed Extracts Biostimulant Market Outlook, By Fruits (2020-2028) ($MN)
13 Global Seaweed Extracts Biostimulant Market Outlook, By Vegetables (2020-2028) ($MN)
14 Global Seaweed Extracts Biostimulant Market Outlook, By Oilseeds (2020-2028) ($MN)
15 Global Seaweed Extracts Biostimulant Market Outlook, By Pulses (2020-2028) ($MN)
16 Global Seaweed Extracts Biostimulant Market Outlook, By Cereals & Grains (2020-2028) ($MN)
17 Global Seaweed Extracts Biostimulant Market Outlook, By Turf & Ornamentals (2020-2028) ($MN)
18 Global Seaweed Extracts Biostimulant Market Outlook, By Other Crop Types (2020-2028) ($MN)
19 Global Seaweed Extracts Biostimulant Market Outlook, By Application (2020-2028) ($MN)
20 Global Seaweed Extracts Biostimulant Market Outlook, By Seed Treatment (2020-2028) ($MN)
21 Global Seaweed Extracts Biostimulant Market Outlook, By Foliar Treatment (2020-2028) ($MN)
22 Global Seaweed Extracts Biostimulant Market Outlook, By Soil Treatment (2020-2028) ($MN)
23 Global Seaweed Extracts Biostimulant Market Outlook, By Other Applications (2020-2028) ($MN)
24 Global Seaweed Extracts Biostimulant Market Outlook, By End User (2020-2028) ($MN)
25 Global Seaweed Extracts Biostimulant Market Outlook, By Farmers (2020-2028) ($MN)
26 Global Seaweed Extracts Biostimulant Market Outlook, By Related Industries (2020-2028) ($MN)
27 Global Seaweed Extracts Biostimulant Market Outlook, By Research Institutes (2020-2028) ($MN)
28 Global Seaweed Extracts Biostimulant Market Outlook, By Other End Users (2020-2028) ($MN)
29 Global Seaweed Extracts Biostimulant Market Outlook, By Distribution Channel (2020-2028) ($MN)
30 Global Seaweed Extracts Biostimulant Market Outlook, By Direct (2020-2028) ($MN)
31 Global Seaweed Extracts Biostimulant Market Outlook, By Indirect (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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