Biostimulants Market Set for Strong Growth Driven by Organic Agriculture Demand
MRFR estimates the market size at USD 3.85 billion in 2023, rising to USD 3331.92 Billion by 2024, and projects it will reach USD 14330.77 Billion, at a compound annual growth rate (CAGR) of approximately 8.28% over the 2025-2035 period.
The global biostimulants market has seen strong expansion in recent years and is poised for significant growth over the next decade. According to MRFR, the biostimulants market valuation was estimated at USD 3.85 billion in 2023, and is projected to grow to USD 4.17 billion in 2024, eventually reaching USD 10.0 billion by 2035, representing an expected compound annual growth rate (CAGR) of around 8.28% between 2025 and 2035
This growth is being driven by several overarching trends. Chief among them is a shift in global agriculture toward more sustainable, eco-friendly practices — with farmers increasingly conscious of soil health and long-term productivity rather than just short-term yields. Biostimulants play a key role in this transition, offering a way to enhance nutrient availability, improve plant resilience to environmental stress, and boost crop yields without relying solely on synthetic fertilizers or chemicals.
The market is not monolithic: it is segmented by type, application, crop type, mode of application and region, reflecting a wide range of uses and growing complexity. In terms of type, biostimulants include microbial products, plant extracts, seaweed extracts, humic substances, and other biostimulants. In 2024, the microbial segment alone was valued at approximately USD 1.05 billion, a reflection of strong farmer interest in soil-health oriented solutions; this segment is projected to grow materially — by 2035, it could reach roughly USD 2.5 billion. Meanwhile, plant-extract-based biostimulants are expected to grow from about USD 1.2 billion in 2024 to USD 2.8 billion by 2035, while seaweed-extract-based solutions and humic-substance products are also forecast to see strong growth over the period.
Application-wise, biostimulants are employed in multiple ways: soil treatment, foliar (leaf) treatment, and seed treatment are all common methods. Soil treatment contributes to improving soil fertility and microbial activity, foliar treatment enables direct nutrient delivery to plants (enhancing absorption efficiency), and seed treatment supports healthier germination, early growth, and resistance to pests/diseases in seedlings. As different crops and agricultural practices demand different approaches, this diversification in application methods helps drive market expansion.
From a crop-type perspective, biostimulants are used across a broad swath of agriculture: from fruits and vegetables to cereals and grains, and also in ornamentals, turf, and flowers. The rising consumer demand for organic produce especially in fruits and vegetables is fueling adoption in those segments; cereals and grains remain critical too, given the global food security imperative and the need to maximize yields sustainably.
Geographically, the market is global — covering regions such as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. While the MRFR summary does not publicly break down all regional values here, the presence of major agricultural and regulatory initiatives globally — especially in developed and developing economies — suggests broad and diversified growth potential.
Beyond just rising demand, the market’s growth is being bolstered by technological and formulation innovations. As research advances, biostimulants are becoming more effective, targeted, and crop-specific. There is growing emphasis on developing tailored formulations that address specific soil types, crop species, climate conditions, and even application modes. This innovation trend is supported by increasing investment from agri-chemical companies, biotechnology firms and seed/plant-nutrition specialists.
Moreover, regulatory and societal shifts are contributing: growing environmental awareness among consumers, support from governments for sustainable agriculture, and stricter regulation of synthetic agrochemicals are pushing farmers and agribusinesses to consider biostimulants as viable alternatives or supplements to traditional fertilizers/pesticides.
Releated Report: