Key Insights
The South American biofertilizer market is poised for remarkable growth, driven by an increasing demand for sustainable agricultural practices and a rising awareness of the detrimental effects of synthetic fertilizers on the environment and human health. With a projected market size of approximately USD 900 million in 2025, the region is experiencing a Compound Annual Growth Rate (CAGR) of an impressive 15.00%, indicating a robust expansion trajectory. This surge is primarily fueled by government initiatives promoting organic farming, the inherent cost-effectiveness of biofertilizers compared to chemical alternatives, and a growing consumer preference for organically produced food, all contributing to a substantial market value in the millions. Key drivers include enhanced crop yields and improved soil health, which are critical for the region's extensive agricultural output. The adoption of advanced biological inputs and the continuous innovation in microbial strains are further propelling this market forward.
The market is segmented across production analysis, consumption analysis, import and export markets, and price trends, all demonstrating a positive outlook. South America, a significant agricultural hub, presents a fertile ground for biofertilizer adoption. Brazil and Argentina, leading agricultural economies, are expected to dominate the market share, with other nations like Chile and Colombia also showing substantial growth potential. The market is characterized by strong trends such as the integration of biofertilizers with conventional farming for synergistic effects, a focus on soil microbiome enhancement, and the development of region-specific biofertilizer formulations to address local soil and crop needs. While the market is expanding rapidly, certain restraints, such as a lack of widespread farmer education and the initial cost of certain specialized biofertilizers, are being addressed through targeted outreach programs and technological advancements, ensuring sustained momentum in the coming years.
This in-depth report offers a definitive analysis of the South America Biofertilizer Market, providing critical insights for stakeholders seeking to navigate this rapidly evolving sector. With a comprehensive study period spanning from 2019 to 2033, a base year of 2025, and a detailed forecast period of 2025–2033, this report delivers actionable intelligence on market dynamics, growth drivers, and competitive landscapes.

South America Biofertilizer Market Market Concentration & Innovation
The South America Biofertilizer Market exhibits a moderate to high level of concentration, with key players investing heavily in research and development to drive innovation. The market is characterized by a strong emphasis on developing novel biofertilizer formulations, including microbial, plant-based, and biostimulant products, to enhance crop yield and soil health sustainably. Regulatory frameworks are gradually evolving across South American nations to support the adoption of biological inputs, creating a more conducive environment for market expansion. Product substitutes, primarily synthetic fertilizers, continue to pose a competitive challenge, but the growing demand for eco-friendly agricultural practices is bolstering the market share of biofertilizers. End-user trends are shifting towards integrated nutrient management strategies, where biofertilizers play a crucial role in reducing chemical fertilizer dependency. Mergers and acquisitions (M&A) are becoming increasingly prevalent as larger agrochemical companies seek to expand their biological product portfolios. For instance, the acquisition of Symborg Inc. by Corteva Agriscience signifies a significant M&A deal aimed at consolidating market presence and distribution networks. This consolidation is expected to further shape market concentration and accelerate the pace of innovation, with market share shifts anticipated as companies integrate acquired technologies and expand their product offerings.
South America Biofertilizer Market Industry Trends & Insights
The South America Biofertilizer Market is experiencing robust growth, driven by a confluence of factors including increasing environmental consciousness, supportive government policies promoting sustainable agriculture, and the escalating demand for organic produce. The historical period (2019–2024) has witnessed a steady rise in biofertilizer adoption, particularly in countries like Brazil and Argentina, which are major agricultural powerhouses. The forecast period (2025–2033) is poised for accelerated expansion, with a projected Compound Annual Growth Rate (CAGR) of approximately 12-15%. Technological disruptions are playing a pivotal role, with advancements in microbial strain identification, fermentation techniques, and formulation technologies leading to more effective and stable biofertilizer products. Consumer preferences are increasingly leaning towards food products cultivated using environmentally friendly methods, creating a pull for biofertilizer-based farming. Competitive dynamics are intensifying, with both established players and emerging startups vying for market share. Strategic partnerships and collaborations are becoming commonplace to leverage expertise and expand market reach. The trend towards precision agriculture further fuels the demand for tailored biofertilizer solutions that optimize nutrient delivery and crop performance. Market penetration is expected to deepen as awareness about the benefits of biofertilizers, such as improved soil structure, enhanced nutrient uptake, and reduced greenhouse gas emissions, becomes more widespread among farmers. The market penetration is anticipated to grow from XX% in 2025 to over XX% by 2033, signifying a significant shift in agricultural input preferences across the region.

Dominant Markets & Segments in South America Biofertilizer Market
Production Analysis: Brazil stands as the dominant market in South America for biofertilizer production, owing to its vast agricultural land, significant government support for sustainable farming practices, and the presence of key manufacturers.
- Key Drivers: Robust government subsidies for organic farming, extensive research and development initiatives by leading companies, and a strong export-oriented agricultural sector contribute to Brazil's production dominance.
- Dominance Analysis: Brazil's production capacity is estimated to be over 70% of the regional total, driven by its leadership in soybean, corn, and sugarcane cultivation, all of which benefit from biofertilizer applications.
Consumption Analysis: Similar to production, Brazil leads in biofertilizer consumption, driven by the adoption of these inputs across its diverse agricultural landscape, from large-scale commercial farms to smaller organic operations.
- Key Drivers: Increasing awareness among farmers regarding the long-term benefits of soil health, the cost-effectiveness of biofertilizers compared to synthetic alternatives in certain applications, and the growing demand for organic certification.
- Dominance Analysis: Brazilian farmers are increasingly integrating biofertilizers into their crop management programs, aiming to improve nutrient use efficiency and comply with international sustainability standards. Argentina and Colombia are also significant consumption markets.
Import Market Analysis (Value & Volume): While South America possesses significant domestic production, certain specialized biofertilizer products or strains may be imported to cater to specific crop needs or technological advancements. The import market, though smaller than domestic production, is crucial for accessing niche products.
- Key Drivers: Demand for highly specific microbial strains, advanced formulation technologies, and biofertilizers designed for unique climate or soil conditions not optimally met by local production.
- Dominance Analysis: Countries with specialized agricultural sectors, such as Chile for its wine and fruit production, might exhibit higher import volumes for tailored biofertilizer solutions. However, overall import volumes are projected to be in the range of $50 Million to $100 Million annually.
Export Market Analysis (Value & Volume): Brazil is the primary exporter of biofertilizers within South America, leveraging its strong production capabilities to supply neighboring countries and potentially other international markets.
- Key Drivers: Competitive pricing, large-scale manufacturing capabilities, and a diverse product portfolio that caters to various agricultural needs.
- Dominance Analysis: Brazilian biofertilizers are increasingly finding their way into markets in South America and beyond, contributing to the region's growing influence in the global biofertilizer trade. Export values are estimated to reach $150 Million to $250 Million by 2033.
Price Trend Analysis: The price of biofertilizers in South America has historically been slightly higher than conventional fertilizers, but the gap is narrowing due to economies of scale in production and increased demand.
- Key Drivers: Raw material costs (microbial cultures, organic matter), production technology, and research and development investments influence pricing.
- Dominance Analysis: While prices vary by product type and brand, a trend towards price stabilization and potential reduction is observed as market maturity increases. The average price is projected to remain within the range of $XX to $YY per liter/kilogram, with bulk purchases offering discounts.
South America Biofertilizer Market Product Developments
Product innovation in the South America Biofertilizer Market is primarily focused on enhancing efficacy, extending shelf-life, and developing convenient application methods. Companies are investing in advanced microbial strain selection and genetic engineering to create biofertilizers that offer improved nitrogen fixation, phosphorus solubilization, and plant growth promotion. The development of liquid and granular formulations with enhanced stability and compatibility with existing agricultural machinery is a key trend. Furthermore, integrated biofertilizer solutions, combining multiple beneficial microbes or incorporating biostimulants, are emerging to provide comprehensive crop nutrition and protection benefits, offering a competitive advantage in addressing specific soil deficiencies and crop requirements.
Report Scope & Segmentation Analysis
This report segments the South America Biofertilizer Market based on Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), and Price Trend Analysis. Each segment is analyzed in detail, providing market size projections, growth rates, and competitive dynamics. The Production Analysis segment will highlight regional manufacturing capacities and key production hubs. Consumption Analysis will focus on end-user adoption rates across different crop types and farm sizes. The Import and Export Market Analysis will detail trade flows and key trading partners. Price Trend Analysis will offer insights into historical and projected price movements for various biofertilizer categories, ensuring a comprehensive understanding of market valuations and future revenue potential.
Key Drivers of South America Biofertilizer Market Growth
The South America Biofertilizer Market is propelled by several key drivers.
- Growing environmental concerns and demand for sustainable agriculture: This is a primary catalyst, pushing farmers towards eco-friendly alternatives.
- Supportive government policies and incentives: Many South American governments are implementing policies that encourage the adoption of organic and biological inputs, including subsidies and tax benefits.
- Increasing awareness of soil health and its impact on long-term agricultural productivity: Farmers are recognizing the detrimental effects of synthetic fertilizers on soil degradation and are seeking sustainable solutions.
- Technological advancements in biofertilizer formulation and application: Innovations are making biofertilizers more effective, stable, and easier to use.
- Rising demand for organic and residue-free food products: This consumer-driven trend directly influences agricultural practices and the demand for biofertilizers.
Challenges in the South America Biofertilizer Market Sector
Despite the promising growth, the South America Biofertilizer Market faces several challenges.
- Lack of farmer awareness and education: A significant portion of the farming community still lacks comprehensive knowledge about the benefits and proper application of biofertilizers.
- Regulatory hurdles and inconsistent approval processes: Varied and sometimes lengthy registration processes across different countries can hinder market entry and product distribution.
- Perceived higher initial cost compared to conventional fertilizers: While long-term benefits are evident, the upfront investment can be a barrier for some farmers.
- Limited shelf-life and storage requirements for certain biofertilizer products: This necessitates efficient supply chain management and can impact product availability.
- Competition from established synthetic fertilizer markets: The deeply entrenched synthetic fertilizer industry presents a significant competitive pressure.
Emerging Opportunities in South America Biofertilizer Market
The South America Biofertilizer Market presents numerous emerging opportunities for growth and innovation.
- Expansion into niche crop segments: Developing tailored biofertilizer solutions for high-value crops like fruits, vegetables, and specialty grains can unlock significant market potential.
- Development of advanced delivery systems and formulations: Innovations in encapsulation, nanotechnology, and synergistic combinations of microbes can enhance efficacy and user-friendliness.
- Growth in emerging economies within South America: Countries with developing agricultural sectors offer untapped potential for biofertilizer adoption as they seek to modernize farming practices.
- Integration with digital agriculture platforms: Leveraging big data and AI to provide personalized biofertilizer recommendations can enhance market penetration and farmer engagement.
- Focus on biofertilizers for soil remediation and carbon sequestration: Addressing environmental challenges beyond crop nutrition presents new avenues for product development and market demand.
Leading Players in the South America Biofertilizer Market Market
- Koppert Biological Systems Inc
- Novozymes
- Suståne Natural Fertilizer Inc
- IPL Biologicals Limited
- Vittia Grou
- Rizobacter
- Plant Response Biotech Inc
- T Stanes and Company Limited
- Symborg Inc
- Atlántica Agrícola
Key Developments in South America Biofertilizer Market Industry
- October 2022: Koppert intends to invest in three new production units in Brazil, ensuring its leadership in the Brazilian and global markets for biological agricultural inputs. The new formulation unit will be located on more than 8,000 m2. It will produce the entire microbiological line, including products based on viruses, fungi, and bacteria in liquid or solid formulations.
- September 2022: Corteva Agriscience agreed to acquire Symborg Inc., and this move will strengthen Symborg's global presence with a strong distribution network Corteva Agriscience.
- February 2022: Plant Response was acquired by The Mosaic Company, which is a global fertilizer manufacturer. This acquisition strengthens the company's global presence and helps develop new products and solutions for the customers sustainably.
Strategic Outlook for South America Biofertilizer Market Market
The strategic outlook for the South America Biofertilizer Market is highly positive, characterized by continued growth driven by sustainability mandates and technological advancements. Companies that focus on developing innovative, cost-effective, and user-friendly biofertilizer solutions will be well-positioned for success. Strategic collaborations, targeted market penetration in less saturated regions, and robust investment in farmer education will be crucial for expanding market share. The increasing emphasis on circular economy principles and the development of biofertilizers from waste streams present further opportunities. By aligning product development with evolving regulatory landscapes and consumer preferences, stakeholders can capitalize on the immense potential of this burgeoning market and contribute to a more sustainable agricultural future in South America.
South America Biofertilizer Market Segmentation
- 1. Production Analysis
- 2. Consumption Analysis
- 3. Import Market Analysis (Value & Volume)
- 4. Export Market Analysis (Value & Volume)
- 5. Price Trend Analysis
South America Biofertilizer Market Segmentation By Geography
-
1. South America
- 1.1. Brazil
- 1.2. Argentina
- 1.3. Chile
- 1.4. Colombia
- 1.5. Peru
- 1.6. Venezuela
- 1.7. Ecuador
- 1.8. Bolivia
- 1.9. Paraguay
- 1.10. Uruguay

South America Biofertilizer Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 15.00% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Demand For Landscaping Maintenance; Adoption of Green Spaces and Green Roofs
- 3.3. Market Restrains
- 3.3.1. Shortage of Labor In Landscaping; High Maintenance Cost of Lawn Mowers
- 3.4. Market Trends
- 3.4.1. Row Crops is the largest Crop Type
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South America Biofertilizer Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 5.2. Market Analysis, Insights and Forecast - by Consumption Analysis
- 5.3. Market Analysis, Insights and Forecast - by Import Market Analysis (Value & Volume)
- 5.4. Market Analysis, Insights and Forecast - by Export Market Analysis (Value & Volume)
- 5.5. Market Analysis, Insights and Forecast - by Price Trend Analysis
- 5.6. Market Analysis, Insights and Forecast - by Region
- 5.6.1. South America
- 5.1. Market Analysis, Insights and Forecast - by Production Analysis
- 6. Brazil South America Biofertilizer Market Analysis, Insights and Forecast, 2019-2031
- 7. Argentina South America Biofertilizer Market Analysis, Insights and Forecast, 2019-2031
- 8. Rest of South America South America Biofertilizer Market Analysis, Insights and Forecast, 2019-2031
- 9. Competitive Analysis
- 9.1. Market Share Analysis 2024
- 9.2. Company Profiles
- 9.2.1 Koppert Biological Systems Inc
- 9.2.1.1. Overview
- 9.2.1.2. Products
- 9.2.1.3. SWOT Analysis
- 9.2.1.4. Recent Developments
- 9.2.1.5. Financials (Based on Availability)
- 9.2.2 Novozymes
- 9.2.2.1. Overview
- 9.2.2.2. Products
- 9.2.2.3. SWOT Analysis
- 9.2.2.4. Recent Developments
- 9.2.2.5. Financials (Based on Availability)
- 9.2.3 Suståne Natural Fertilizer Inc
- 9.2.3.1. Overview
- 9.2.3.2. Products
- 9.2.3.3. SWOT Analysis
- 9.2.3.4. Recent Developments
- 9.2.3.5. Financials (Based on Availability)
- 9.2.4 IPL Biologicals Limited
- 9.2.4.1. Overview
- 9.2.4.2. Products
- 9.2.4.3. SWOT Analysis
- 9.2.4.4. Recent Developments
- 9.2.4.5. Financials (Based on Availability)
- 9.2.5 Vittia Grou
- 9.2.5.1. Overview
- 9.2.5.2. Products
- 9.2.5.3. SWOT Analysis
- 9.2.5.4. Recent Developments
- 9.2.5.5. Financials (Based on Availability)
- 9.2.6 Rizobacter
- 9.2.6.1. Overview
- 9.2.6.2. Products
- 9.2.6.3. SWOT Analysis
- 9.2.6.4. Recent Developments
- 9.2.6.5. Financials (Based on Availability)
- 9.2.7 Plant Response Biotech Inc
- 9.2.7.1. Overview
- 9.2.7.2. Products
- 9.2.7.3. SWOT Analysis
- 9.2.7.4. Recent Developments
- 9.2.7.5. Financials (Based on Availability)
- 9.2.8 T Stanes and Company Limited
- 9.2.8.1. Overview
- 9.2.8.2. Products
- 9.2.8.3. SWOT Analysis
- 9.2.8.4. Recent Developments
- 9.2.8.5. Financials (Based on Availability)
- 9.2.9 Symborg Inc
- 9.2.9.1. Overview
- 9.2.9.2. Products
- 9.2.9.3. SWOT Analysis
- 9.2.9.4. Recent Developments
- 9.2.9.5. Financials (Based on Availability)
- 9.2.10 Atlántica Agrícola
- 9.2.10.1. Overview
- 9.2.10.2. Products
- 9.2.10.3. SWOT Analysis
- 9.2.10.4. Recent Developments
- 9.2.10.5. Financials (Based on Availability)
- 9.2.1 Koppert Biological Systems Inc
List of Figures
- Figure 1: South America Biofertilizer Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South America Biofertilizer Market Share (%) by Company 2024
List of Tables
- Table 1: South America Biofertilizer Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South America Biofertilizer Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 3: South America Biofertilizer Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 4: South America Biofertilizer Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 5: South America Biofertilizer Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 6: South America Biofertilizer Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 7: South America Biofertilizer Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: South America Biofertilizer Market Revenue Million Forecast, by Country 2019 & 2032
- Table 9: Brazil South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Argentina South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Rest of South America South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: South America Biofertilizer Market Revenue Million Forecast, by Production Analysis 2019 & 2032
- Table 13: South America Biofertilizer Market Revenue Million Forecast, by Consumption Analysis 2019 & 2032
- Table 14: South America Biofertilizer Market Revenue Million Forecast, by Import Market Analysis (Value & Volume) 2019 & 2032
- Table 15: South America Biofertilizer Market Revenue Million Forecast, by Export Market Analysis (Value & Volume) 2019 & 2032
- Table 16: South America Biofertilizer Market Revenue Million Forecast, by Price Trend Analysis 2019 & 2032
- Table 17: South America Biofertilizer Market Revenue Million Forecast, by Country 2019 & 2032
- Table 18: Brazil South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 19: Argentina South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: Chile South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 21: Colombia South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 22: Peru South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 23: Venezuela South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 24: Ecuador South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 25: Bolivia South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 26: Paraguay South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 27: Uruguay South America Biofertilizer Market Revenue (Million) Forecast, by Application 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the South America Biofertilizer Market?
The projected CAGR is approximately 15.00%.
2. Which companies are prominent players in the South America Biofertilizer Market?
Key companies in the market include Koppert Biological Systems Inc, Novozymes, Suståne Natural Fertilizer Inc, IPL Biologicals Limited, Vittia Grou, Rizobacter, Plant Response Biotech Inc, T Stanes and Company Limited, Symborg Inc, Atlántica Agrícola.
3. What are the main segments of the South America Biofertilizer Market?
The market segments include Production Analysis, Consumption Analysis, Import Market Analysis (Value & Volume), Export Market Analysis (Value & Volume), Price Trend Analysis.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
Demand For Landscaping Maintenance; Adoption of Green Spaces and Green Roofs.
6. What are the notable trends driving market growth?
Row Crops is the largest Crop Type.
7. Are there any restraints impacting market growth?
Shortage of Labor In Landscaping; High Maintenance Cost of Lawn Mowers.
8. Can you provide examples of recent developments in the market?
October 2022: Koppert intends to invest in three new production units in Brazil, ensuring its leadership in the Brazilian and global markets for biological agricultural inputs. The new formulation unit will be located on more than 8,000 m2. It will produce the entire microbiological line, including products based on viruses, fungi, and bacteria in liquid or solid formulations.September 2022: Corteva Agriscience agreed to acquire Symborg Inc., and this move will strengthen Symborg's global presence with a strong distribution network Corteva Agriscience.February 2022: Plant Response was acquired by The Mosaic Company, which is a global fertilizer manufacturer. This acquisition strengthens the company's global presence and helps develop new products and solutions for the customers sustainably.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "South America Biofertilizer Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the South America Biofertilizer Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the South America Biofertilizer Market?
To stay informed about further developments, trends, and reports in the South America Biofertilizer Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence