Agricultural Enzymes Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3656
Agricultural Enzymes Market size is likely to exhibit promising gains over the forecast timeframe due to its extensive use in agricultural biotechnological processing applications such as crop residue processing, enzyme assisted fermentation, fiber bio processing and in production of various animal food supplements. Enzymes are biological catalysts that are used to boost chemical reactions. It accelerates the manufacturing capacity as well as the nutritional content of food grains. Furthermore, these enzymes also improve efficiency of crops and helps in crop growth.
Increasing inclination towards organic food and organic farming is the key factor intensifying market growth. Besides this, rising health awareness among people regarding chemical added food products is also expected to bolster agricultural enzymes demand in the near future. Adding further, the increasing need for improving production yields in a limited land is also propelling agricultural enzymes market by 2025. As a result of rising sales, many key players in the industry are investing heavily in research and development activities, which in turn is uplifting industry growth. The research experts are preparing agricultural enzymes to be utilized in compost activators and biological fertilizers.
The major hindrance in agricultural enzymes market is stringent government policies in the industry. For instance, Canada has strict regulations regarding the use of enzymes in food products or for agricultural processes. Health Canada is the organization responsible for safety assessing of enzymes and approving for future use in food products. Health Canada's assessment considers toxicity on the enzyme-based product and the process used in commercially producing the enzyme.
Global agricultural enzymes market is segmented on the basis of product type which includes phosphatases, dehydrogenases, proteases, sulfatases and others. Methylene chloride is also known as dichloromethane. Dehydrogenase is the major enzyme used in agricultural operations. This enzyme is used in the soil for biological oxidation and it also indicates microbiological activities in the soil. Moreover, beta-glucosidase also acts as a soil fertility enzyme and is involved in the catalysis and hydrolysis of several other bets glucosidase which are present in plant. On the other hand, urease is generally used for hydrolysis of urea fertilizers that are applied in soil. This category of enzymes hydrolyzes urea into C02 and NH3 resulting in a rise in pH value of soil.
Based on application segments, the agricultural enzymes market is segmented into cereals and grains, fruits & vegetables, oilseeds & pulses, turf & ornamentals and others. Enzyme have an important role in enhancing the quality of cereals and helps in reducing crop diseases as well. It’s use in cereals & grains removes germs and bran from crops. Oil seed & pulses segment is expected to attain higher demand soon triggered by its growing demand from vegetable oil and biofuel sector. The increasing consumption of rapeseed, palm kernel, cotton seeds, and other oil seeds is further anticipated to augment agricultural enzymes market growth by 2025.
North America captures a major chunk in the global agricultural enzymes market and is expected to dominate the consumption landscape in the upcoming years attributed to its flourishing agricultural undertakings and enhanced crop protection initiatives. North America also constitutes various key players of the market who are investing heavily in technological advancements. Countries such as the U.S. has been witnessing a large investment in technology with the aim to manufacture chemical free enzymes. Asia Pacific is another region that seeks a higher growth potential in the globe, mainly dominated by China. The country has registered a major growth in agricultural land globally. China is also investing significantly in chemical free products to be utilized in agricultural industry.
Global agricultural enzymes market has a strong competitive rivalry supported by presence of various well-established brands in the market. Some of the key market players are BASF., DuPont, BioWorks, Agrinos AS., Bayer, American Biosytems, etc.
Agricultural Enzymes Market, By Type, 2014-2025 (USD Million)
Agricultural Enzymes Market, By Application, 2014-2025 (USD Million)
- Cereals and grains
- Oilseeds and pulses
- Fruits & vegetables
- Turf and ornamentals
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Agrinos AS
- AB Enzymes
- American Biosytems
- Aum Enzymes
- Buckman Laboratories International
- Direvo Biotech
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