Mexico Biostimulants Market Size & Outlook, 2025-2031
Mexico Biostimulants Market Size
According to Straits Research analysis, the Mexico Biostimulants Market was valued at USD 27.36 Million in 2024 and is projected to reach USD 72.24 Million by 2031, expanding at a CAGR of 15% during the forecast period. The surge in demand is driven by industries such as agriculture, chemicals, and energy. Biostimulants' primary use is in the agro-industry, boosting crop yields, improving crop health, and promoting sustainable farming. Emerging trends like green and low-carbon production have added to the market's growth. Technological advancements have led to innovative biostimulant products, increasing their usage in various sectors. The country's strong export potential also contributes to market expansion. With a strategic focus on technological innovation and sustainability, Mexico is competently positioning itself to capitalize on the growing biostimulants market.
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Biostimulants Market Highlights
- By 2024, Amino Acids represented the largest share of the Active Ingredient market size.
- Fulvic Acid is expected to remain the key growth driver within Active Ingredient, registering the fastest CAGR during the forecast period.
- In 2024, Mexico accounted for 0.78% of the global biostimulants market size.
- By 2031, United States is expected to lead the global biostimulants market in terms of market size.
- Within Latin America, Rest of Latin America is projected to dominate the regional biostimulants market size by 2031.
- Mexico is identified as the fastest-growing market in Latin America, anticipated to reach USD 627.02 Million by 2031.
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Report Summary
| Report Scope | Details |
|---|---|
| Base Year for Study | 2024 |
| Study Period | 2021-2031 |
| Historical Period | 2021-2023 |
| Forecast Period | 2025-2031 |
| Market Size In 2024 | USD 27.36 Million |
| Market Size In 2031 | USD 72.24 Million |
| Largest segment | Amino Acids |
| Fastest segment | Fulvic Acid |
| Units | Revenue in USD Million |
| CAGR | 15% (2025-2031) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
Mexico Biostimulants Market Share By Active Ingredient
Segmentation Covered
| Segments | Sub Segments |
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| Active Ingredient |
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| Origin |
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| Application |
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| Crop Type |
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Mexico Biostimulants Market By Active Ingredient 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Biostimulants Market By Origin 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Biostimulants Market By Application 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
Mexico Biostimulants Market By Crop Type 2031
Source: Straits Research Analysis Company Publications, Primary Interviews.
