The growing incidence of consumption of organic food with the ever-increasing population is driving the demand for the market.
The Global Agricultural Enzymes Market is projected to reach USD 1.15 billion by 2027. The sector is expected to be powered by increasing food security needs due to rapid population growth, developments in farming technology, and increased demand for chemical-free goods. Companies are developing advanced techniques for storing water and energy-saving agricultural enzymes.
The rising trend in organic farming and increased demand for organic food plays a critical role in raising demand for agricultural enzymes from the consumers. Another factor expected to fuel the development of the global market for agricultural enzymes is the increase in production yield patterns in the urban area.
The development of organic verticals throughout the industry is fast catching on with humans, and the agricultural players aren't far away. As the millennial customer asks for the healthiest choices to be presented, that also has minimal impact on the environment. The demand for organic catalysts is high and adds massively to global market growth. It also leads to growth as a consideration, as the ability to increase the yield in a given area is finite due to the lack of land available.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter's Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launch and brand promotions.
Key companies profiled in the report include:
Novozymes A/S, Syngenta AG, BASF SE, Agrinos as, Stoller USA Inc., Bioworks, Inc., Agri Life, Bayer Cropscience AG, Monsanto Company, Koninklijke DSM NV, EI Du Pont De Nemours and Company, AB Enzymes, Deepak Fertilisers and Petrochemicals Corporation Limited, Aries Agro Limited and Camson Bio Technologies Limited, among others.
Market Segmentation by Types:
Enzyme Type Outlook (Revenue, USD Billion; 2017-2027)
- Phosphatases
- Dehydrogenases
- Sulfatases
- Proteases
- Lipases
- Polymerases
Crop Type Outlook (Revenue, USD Billion; 2017-2027)
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Crop Fertility
- Crop Growth Enhancing
- Crop Control
- Others
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Agricultural Enzymes market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Further key findings from the report suggest
- The primary growth of the market comes from the usage of agricultural enzymes in the soil that are used as the soil fertility indicator, owing to their resilience and quick action to soil control than the soil variables.
- The growth of the global market for agricultural enzymes propelled by main factors such as increasing food security needs due to rapid population growth, developments in farming technology, and growing demand for chemical-free goods. Companies are designing cutting-edge technologies for agricultural processing enzymes that conserve water and energy.
- In recent years, all of the major market players have invested heavily in RD initiatives, contributing to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
- In January 2017, Monsanto collaborated with Novozymes A/S (Denmark) to create the BioAg Partnership. This coalition produced a new drug called the Acceleron B-300 SAT that improved and plant nutrient absorption.
- In March 2019, Kemin Industries entered into a strategic collaboration with the partnering China-based company CRVAB Bio-Technology Ltd to expand its production globally through the technological exchange of fermentation and production capacities.
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