Global Crop Nutrients and Ingredients Market Size, Share, and COVID-19 Impact By Product Type (Nitrogenous, Phosphatic, Potassic, Micronutrients, Organic Ingredients, and Others), By Application (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, and Others), By Form (Solid, Liquid, and Gaseous), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Crop Nutrients and Ingredients Market Insights Forecasts to 2033

• The Global Crop Nutrients and Ingredients Market Size was Estimated at USD 126 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.46% from 2023 to 2033
• The Worldwide Crop Nutrients and Ingredients Market Size is Expected to Reach USD 214.31 Billion by 2033
• Europe is Expected to Grow the fastest during the forecast period.

The Global crop nutrients and ingredients market was size worth around USD 126 billion in 2023 and is predicted to grow to around USD 214.31 billion by 2033 with a compound annual growth rate (CAGR) of 5.46% between 2023 and 2033. The market is driven by the market are growing world population, increasing food demand, and the necessity for increased agricultural productivity. Additionally, the market is also supported by technological developments in agriculture, which enhance the effectiveness and efficiency of nutrient application, thereby improving crop yields and quality.

Market Overview

The crop nutrients and ingredients market refers to vital materials that are sprayed on plants to promote growth, increase yield, and sustain soil fertility. They encompass main nutrients such as nitrogen, phosphorus, and potassium, secondary nutrients, micronutrients, and organic matter. The increasing world population and increasing food demand are spurring demand for higher farm productivity, thus driving demand for crop inputs and fertilizers. Additionally, the increasing use of precision agriculture methods allows for fertilizer application on target, minimizes wastage, and reduces environmental damage. Also, there is greater demand for organic and bio-based fertilizers owing to consumer desire for sustainable agricultural production. Moreover, the Crop Nutrients and Ingredients market is the use of precision farming methods. Precision farming makes use of data analytics, IoT devices, and sophisticated equipment to streamline farming operations, including nutrient application. Furthermore, the Indian government offers large subsidies on fertilizers to make them affordable for farmers. In the 2024-2025 financial year, India has allocated 1.64 trillion (around $20 billion) towards fertilizer subsidies to support farm production and keep soil healthy. The increasing use of precision farming is likely to propel the demand for sophisticated crop nutrients and ingredients, offering huge growth prospects for market participants.

Report Coverage

This research report categorizes the crop nutrients and ingredients market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the crop nutrients and ingredients market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the crop nutrients and ingredients market.

Driving Factors

The crop nutrients and ingredients market is driven by some major trends. The increasing demand and usage of sustainable agricultural methods are also leading to the growth of the market. Agricultural producers and farmers are increasingly switching over to organic and bio-based fertilizers, which are eco-friendly and assist in keeping the soil healthy. Furthermore, governments and regulatory authorities from different regions are encouraging the usage of organic and sustainable farming techniques through incentives, subsidies, and favorable legislation. This transition toward sustainable agriculture has the potential to fuel the organic ingredients and micronutrient demand, which can help fuel market growth.

Restraining Factors

The crop nutrients and ingredients market encounters certain difficulties that would restrain its development. The market prices of major raw materials, including natural gas, phosphate rock, and potash, are market-driven and therefore susceptible to fluctuations in the market. These fluctuations have the potential to affect fertilizer production costs and pricing. The unpredictability can cause difficulties for manufacturers to have consistent pricing and profitability.

Market Segmentation

The crop nutrients and ingredients market share is classified into product type, application, and form.

• The nitrogenous segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on product type, the crop nutrients and ingredients market is segmented into nitrogenous, phosphatic, potassic, micronutrients, organic ingredients, and others. Among these, the nitrogenous segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is due to their central function in facilitating plant growth and enhancing crop yield. Nitrogen is an integral part of chlorophyll, the substance used by plants in photosynthesis. Additionally, the intense demand for nitrogenous fertilizers is fueled by their efficiency in supplying the needed nutrients for plant growth and development.

• The cereals & grains segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on application, the crop nutrients and ingredients market is segmented into cereals & grains, fruits & vegetables, oilseeds & pulses, and others. Among these, the cereals & grains segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by their status as staple foods and their high rates of cultivation globally. Moreover, demand for nutrients in this group is prompted by the necessity to improve the yield and quality of cereal crops like wheat, rice, and maize.

• The solid segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on form, the global crop nutrients and ingredients market is categorized into solid, liquid, and gaseous. Among these, the solid segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segment's growth is attributed to its ease of transportation, storage, and use. These products are very effective in the controlled release of nutrients, such that they supply plants with the required nutrients over a long time. Furthermore, the popularity of solid fertilizers comes from their cost-saving and the fact that one can formulate nutrients to match particular crop requirements and soil types.

Regional Segment Analysis of the Crop nutrients and ingredients Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia-Pacific is anticipated to hold the largest share of the crop nutrients and ingredients market over the predicted timeframe.

Asia-Pacific is anticipated to hold the largest share of the crop nutrients and ingredients market over the predicted period. The dominance is due to the intense agricultural activity and immense population in nations like China and India. Additionally, government support to introduce advanced agricultural practices and rising uptake of precision farming methods are primary drivers of the growth of the market within this region.

Europe is expected to grow rapidly in global crop nutrients and ingredients markets during the forecast period. The market in the region is driven by modern agriculture technologies and a solid emphasis on sustainable farming. Furthermore, the agricultural sector within the region is highly mechanized, with a strong emphasis on precision farming, integrated nutrient management, and application of high-end fertilizers.

Competitive Analysis:

The report offers an appropriate analysis of the key organization markets/companies involved within the crop nutrients and ingredients market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Nutrien Ltd.
• Yara International ASA
• The Mosaic Company
• CF Industries Holdings, Inc.
• Bunge Limited
• Bayer AG
• Syngenta AG
• Cargill, Incorporated
• BASF SE
• K+S AG
• Israel Chemicals Ltd. (ICL)
• OCI N.V.
• EuroChem Group AG
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2022, FMC India, a company of agricultural sciences, expanded its portfolio with three new products in favor of Indian farmers to attain improved yields through quality produce and a better soil profile.

Market Segment

This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the crop nutrients and ingredients market based on the below-mentioned:  

Global Crop Nutrients and Ingredients Market, By Product Type

• Nitrogenous
• Phosphatic
• Potassic
• Micronutrients
• Organic Ingredients

Global Crop Nutrients and Ingredients Market, By Application

• Cereals & Grains
• Fruits & Vegetables
• Oilseeds & Pulses
• Others

Global Crop Nutrients and Ingredients Market, By Form

• Solid
• Liquid
• Gaseous

Global Crop Nutrients and Ingredients Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa