Middle East and Africa Seaweed Extracts Biostimulant marketing was valued at USD 28.92 million in 2022 and is expected to reach USD 67.45 million by 2030, registering a CAGR of 11.00% during the forecast period of 2023 to 2030. The use of seaweed-based bioproducts has been gaining momentum in crop production systems owing to their unique bioactive components and effects. They have phytostimulatory properties that result in increased plant growth and yield parameters in several important crop plants. They have phytoelicitor activity as their components evoke defense responses in plants that contribute to resistance to several pests, diseases, and abiotic stresses including drought, salinity, and cold. This is often linked to the upregulation of important defense-related genes and pathways in the plant system, priming the plant defenses against future attacks.
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Over the past two decades, seaweeds have been processed and marketed as seaweed extracts in various formulations for use in agriculture and horticulture. Seaweed extracts are rich in micro and macronutrients, polysaccharides, proteins, poly unsaturated fatty acids, polyphenols, phytohormones, and osmolytes. These compounds elicit multiple beneficial effects in plants, including enhanced seed germination and establishment, overall plant growth and productivity, resistance against biotic and abiotic stresses and increased post-harvest shelf life Numerous studies of the beneficial effects of seaweed extracts on crop plants and crop production, yield and productivity have been published.
Species
- Brown algae
- Red algae
- Green algae
Crop Type
- Fruits and vegetables
- Cereals and grains
- Turf and ornamentals
- Oilseeds and pulses
- Other crops
Application
- Foliar treatment
- Soil treatment
- Seed treatment
Form
- Liquid
- Dry
End Users
- Farmers
- Related industries
- Research institutes
- Others
Distribution Channel
- Direct
- Indirect
In many coastal regions, raw seaweed has been used for millennia to improve the productivity of farming systems. Then, in the latter half of the 20th century the use of liquid seaweed extracts on crops became widespread globally. Farmers using these extracts repeatedly reported positive results on crop yield and quality. As these results could not simply be correlated to the seaweed extract’s elemental nutrient content, it took time for a scientific explanation for these effects to catch up. As we have gained a clearer understanding of algal biochemistry and the associated modes of action, we no longer considered seaweed extracts to be fertilizers, and instead classify them as one of the key product classes in the rapidly developing sector of biostimulants.
Below I have linked the positive effects observed when using seaweed extracts to the latest scientific knowledge of the compounds present in seaweeds to further our understanding of how and when to use seaweed extract products to maximize their efficacy.
MAJOR TOC OF THE REPORT
§ Chapter 1: Market overview
§ Chapter 2: Middle East and Africa Seaweed Extracts Biostimulant Market
§ Chapter 3: Regional analysis of the Middle East and Africa Seaweed Extracts Biostimulant Market
§ Chapter 4: Market segmentation based on types and applications
§ Chapter 5: Revenue analysis based on types and applications
§ Chapter 6: Market share
§ Chapter 7: Competitive Landscape
§ Chapter 8: Drivers, Restraints, Challenges, and Opportunities
§ Chapter 9: Gross Margin and Price Analysis
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Some of the major players operating in the seaweed extracts biostimulant market are:
- GrainCorp (Australia)
- Malteurop (France)
- Rahr Corporation (U.S.)
- Boortmalt (Belgium)
- Indesso (Spain)
- Lipoid Kosmetic AG, (Germany)
- The Herbarie at Stoney Hill Farm, Inc (U.S.)
- International Flavors and Fragrances, Inc. (U.S.)
- Bell Flavors and Fragrances (U.S.)
- Rutland Biodynamics Ltd. (U.K.)
- Prakruti Products (India)
- Ambe Phytoextracts Pvt. Ltd. (India)
- The Green Labs LLC (U.S.)
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Profound Questions Answered in this Report:
· What is the growth rate of various stages in the value chain of the industry?
· Which region has the highest growth rate and size of the emerging market by value in 2022?
· Who are the competitive players in Middle East and Africa Seaweed Extracts Biostimulant Market?
· Which region has the largest share and degree of competition in the industry?
· What is the CAGR of the market during the forecast period 2023 to 2030?
· Which region is expected to hold the highest market share for the market?
· What is the main driver of the Middle East and Africa Seaweed Extracts Biostimulant Market?
· What is sales volume, revenue, and price analysis of top players of the market?
· What are the market opportunities and threats faced by the vendors in the industry?
· What has been the impact of COVID-19 on the Middle East and Africa Seaweed Extracts Biostimulant Market?
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