Seaweed extracts biostimulant market is expected to gain market growth in the forecast period till 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 11.7% in the forecast period till 2027 and expected to reach USD 383.17 million by 2027 from USD 160.28 million in 2019. Rising demand of organic food is expected to drive this market.
Seaweeds are the plants which have been grown in the sea. Seaweeds are also known as marine microalgae generally attached to hard substrata of coastal areas. These plants comprises of various marine algae such as kelps, dulses, rockweeds and sea lettuce. Seaweed extracts is an organic fertilizer containing vitamins, fatty acids, macro and micro nutrient.