U.S. and Canada Beauveria Bassiana Market

The U.S. and Canada Beauveria bassiana market was valued at $36.7 million in 2023, and is projected to reach $98.7 million by 2035, growing at a CAGR of 9.0% from 2024 to 2035.

Beauveria bassiana is a naturally occurring entomopathogenic fungus that acts as a biological control agent against a wide range of insect pests. It infects insects through direct contact, penetrating their exoskeleton and ultimately causing death. This fungus is widely used in agriculture, forestry, and integrated pest management programs as an eco-friendly alternative to chemical pesticides. It works by producing spores that attach to the insect's body, germinate, and invade the host, leading to its eventual death through dehydration and toxin production. It majorly agricultural pests, including aphids, whiteflies, thrips, and beetles, without harming beneficial organisms or the environment.

The U.S. and Canada Beauveria bassiana market is witnessing robust growth due to factors such as increase in concerns about the environmental and health risks of chemical pesticides and shift in preference toward adoption of biological alternatives like Beauveria bassiana. In addition, rise in incidence of pesticide resistance among pests has enforced farmers to seek effective biological alternatives like Beauveria bassiana, which works through a unique infection mechanism. Furthermore, the U.S. and Canada have seen significant growth in organic farming, which prohibits synthetic chemical pesticides but allows biological control agents, thus fostering the growth of the market. According to a study by the U.S. Department of Agriculture in 2023, the U.S. had 17,445 farms managing a total of 4.9 million acres of certified organic land in 2021. Moreover, rise in trend of controlled-environment agriculture, including greenhouses and vertical farms, has boosted demand for biological pest control methods like Beauveria bassiana, which is effective against greenhouse pests such as whiteflies and thrips. Increase in consumer awareness and preference for pesticide-free and non-GMO food products have encouraged farmers to shift toward biological pest control methods, further driving demand for Beauveria bassiana. However, the large-scale production of Beauveria bassiana requires specialized fermentation processes, quality control, and formulation techniques, making it costlier than some conventional chemical pesticides. Relatively shorter shelf life of Beauveria bassiana as compared to chemical pesticides further hampers the market growth. On the contrary, improved formulation techniques, such as microencapsulation and oil-based suspensions, are enhancing the efficacy and shelf life of Beauveria bassiana products, making them more commercially viable. Such developments are expected to open new avenues for the expansion of the global market during the forecast period.

The global Beauveria bassiana market is segmented into type, application, distribution channel, and crop type. By type, the market is bifurcated into liquid and powder. On the basis of application, it is segregated into agriculture, forestry, and others. The agriculture segment is further categorized into traditional agriculture, greenhouse agriculture, urban agriculture, agroforestry, and others. Depending on distribution channel, the market is fragmented into indirect sales and direct sales. As per crop type, it is segregated into cereals & grains, fruits & vegetables, oilseeds & pulses, and others.

Key Findings:

By type, the liquid segment dominated the U.S. and Canada Beauveria bassiana market in 2023, and is anticipated to maintain its dominance from 2024 to 2035.
On the basis of application, the agriculture segment exhibited the highest growth in 2023,. and is expected to continue the same trend during the forecast period.
Depending on distribution channel, the indirect sales segment grew at a notable pace in 2023, and is projected to exhibit consistent growth throughout the forecast period.
As per crop type, the fruits & vegetables segment led the U.S. and Canada Beauveria bassiana market in 2023, and is anticipated to continue to follow a similar trajectory over the upcoming years.
Country wise, the U.S. is anticipated to emerge as the most lucrative market for Beauveria bassiana, garnering the largest share during the forecast period.

Competitive Analysis

The key players operating in the U.S. and Canada Beauveria bassiana industry include Anatis Bioprotection, Andermatt Group AG, Arbico Organics, BASF, Certis Biologicals, Indogulf BioAg LLC, MarkNature, OHP Inc., Symborg Corporate, SL., and Veseris. These players have adopted to various developmental strategies to sustain the intense competition and gain a strong foothold in the market. The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights. Show more