Global Secondary Macronutrients Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
To truly grasp the significance of this breakthrough requires a look at the components that make up Secondary Macronutrients—namely calcium and magnesium among others—which play a crucial role in nurturing plant vitality and promoting growth in the agricultural sector today. The emergence of fertilizers incorporating these essential elements alongside traditional ones marks an intriguing shift, towards a more comprehensive approach to plant nutrition.
Market Key Insights
- The Secondary Macronutrients market is projected to grow from $36.5 billion in 2024 to $63.6 billion in 2034. This represents a CAGR of 5.7%, reflecting rising demand across Agriculture and Farming, Food Supplements and Water Treatment.
- Yara International ASA, Nutrien Ltd, Mosaic Company are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Secondary Macronutrients market and are expected to observe the growth CAGR of 3.7% to 5.5% between 2024 and 2030.
- Emerging markets including Vietnam, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 6.6% to 7.9%.
- Transition like Shift Towards Organic Farming is expected to add $3.9 billion to the Secondary Macronutrients market growth by 2030
- The Secondary Macronutrients market is set to add $27.0 billion between 2024 and 2034, with manufacturer targeting Horticulture & Hydroponics Usage Industry projected to gain a larger market share.
- With Growing demand in agriculture industry, and Technological advancement in fertilizers, Secondary Macronutrients market to expand 74% between 2024 and 2034.
Opportunities in the Secondary Macronutrients
The increasing fascination, with hydroponics and vertical farming seen as a space saving and resource efficient option compared to farming techniques presents a wealth of unexplored opportunities.
Growth Opportunities in North America and Europe
North America Outlook
In North America's secondary macronutrients market flourishes due to technological advancements in agriculture and a strong focus on enhancing soil fertility. However. market saturation and intense competition may hinder growth. Opportunities can be found in the rising trend, towards farming which is becoming increasingly popular in the area.
Europe Outlook
In Europe's secondary macronutrients market has shown growth primarily because government initiatives promote sustainable agriculture practices in the region. Although Europe's market isnt as fiercely competitive as North America's it still encounters rivalry from both domestic brands. The emergence The rise in popularity farming and vertical agriculture methods offers unexplored prospects, for expanding the market further.
Market Dynamics and Supply Chain
Driver: Growing Demand in Agriculture Industry, and Climate Change Impact on Soil Fertility
Advancements in the fertilizer sector like slow release fertilizers have also increased the secondary macronutrients effectively. Furthermore these improvements enable nutrients to remain in the soil, for extended periods resultingo infrequent application needs and enhancing the cost efficiency offarming practices.
Restraint: High Input Costs
Opportunity: Exploring Organic Secondary Macronutrients and Enhancing Micronutrient Fortification
Malnutrition is a concern worldwide and there is a growing demand in the market for fortifying essential macronutrients in food staples. Giving attention to enrich foods with secondary macronutrients such as Calcium and Magnesium—nutrients often overshadowed by primary ones—could present an opportunity for companies in the market seeking new avenues, for growth.
Challenge: Lack of Awareness
Supply Chain Landscape
Mosaic Company
Nutrien Ltd
Yara International
Haifa Group
Helena Chemical Company
AGRIUM Inc
Agriculture
Horticulture
Hydroponics
Mosaic Company
Nutrien Ltd
Yara International
Haifa Group
Helena Chemical Company
AGRIUM Inc
Agriculture
Horticulture
Hydroponics
Applications of Secondary Macronutrients in Agriculture & Farming, Food Supplements & Water Treatment
Secondary essential nutrients like calcium, magnesium and sulfur are popularly utilized in farming to enhance the vitality and output of crops. These nutrients aid in the process of photosynthesis activate enzymes and facilitate cell division thus fostering the development and efficiency of plants. Prominent corporations such as Yara and Mosaic Co. Are experts, in this field offering farmers nutrient options to address the varying requirements of various crops.
Secondary macronutrients are crucial in the realm of food supplements too! They are commonly included in vitamins and health supplements for their benefits that help with muscle function and metabolism support; heart rhythm maintenance; blood clotting; and preventing deficiencies in the bodys needs! Big players, like Pfizer and Bayer make sure to include these nutrients in their products to meet the needs of health customers.
In the field of water treatment industry additional macronutrients such as calcium and magnesium are utilized to condition water and eliminate impurities. These components aid in the process of softening water thereby enhancing the safety and quality of water for various purposes. Leading companies such as Ixom and Kemira play a role in advancing this technology offering cutting edge solutions, for water treatment facilities globally.
Recent Developments
Nutrilabs broadened their selection in macronutrients by introducing the Macro Boost, a new product infused with Calcium, Magnesium and Sulphur.
Nutrigo introduced a new Optimacro' formula that enhances the optimization process for secondary macronutrients.
AgriHealth introduced an effective fertilizer called AgriMacroPlus that is based on secondary macronutrients to enhance crop production.