Agricultural Enzymes Market Research Report - Global Forecast till 2027

Global Agricultural Enzymes Market Research Report: Information by Type (Phosphatase, Proteases, Dehydrogenases, Dehydrogenases and others), Crop Type (Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables and others), Function (Soil Fertility and Growth Promotors) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/AGR/3734-HCR | November 2022 | Region: Global | 90 Pages         

Agricultural Enzymes Market

Agricultural Enzymes Market Size is anticipated to reach USD 749.75 Million by 2030, registering a CAGR of 11.3% during 2022-2030

Segmentation

By Type Phosphatase Proteases Dehydrogenases Dehydrogenases others
By Crop Type Cereals & Grains Oilseeds & Pulses Fruits & Vegetables others
By Function Soil Fertility and Growth Promotors
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • Bayer Cropscience AG (Germany)
  • DowDuPont (US)
  • BASF SE (Germany)
  • Syngenta AG (Switzerland)
  • DSM N.V. (The Netherlands)
  • Novozymes A/S (Denmark)
  • Bioworks Inc. (US)
  • Agrinos AS (US)
  • AB Enzymes (Germany)
  • Stoller USA Inc. (US)
  • Agri Life (India)
  • Aries Agro Limited (India)
  • Deepak Fertilizers
  • Petrochemicals Corporation Limited (India)
  • Ecozyme (South Africa)
  • Greenmax Agro Tech (India)

Drivers

  • Adoption of organic and precision farming practices
  • Benefits of using agricultural enzymes
  • Rising demand for organic products
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Market Scenario


The global agricultural enzymes market estimated to be USD 340.5 million in 2019 and is expected to register a CAGR of 11.0% during the forecast period from 2019 to 2024. Enzymes are biocatalysts proteinaceous in nature that can speed up the chemical reaction. Agricultural enzymes are used to increase the production capacity by increase the nutrient availability to the plants and boosting the growth of the crops. Growing population, rising need for food security, rising demand for organic products are the major factors boosting the demand for the agricultural enzymes. Moreover, increasing adoption of precision agrarian practices has created more opportunities for agricultural enzymes manufacturers. However, the stringent regulations regarding the use of biologicals is a significant restraining parameter for the growth of this market.


Segmentation


The global agricultural enzymes market has been segmented based on type, crop type, function, and region.


By type, the global agricultural enzymes market has been bifurcated into phosphatase, proteases, dehydrogenases, dehydrogenases, and others.


Based on crop type, the global agricultural enzymes market has been classified as cereals & grains, oilseeds & pulses, fruits & vegetables, and others.


By function, the global agricultural enzymes market has been categorized as soil fertility and growth promotors.


The global agricultural enzymes market has been studied with regards to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American agricultural enzymes market has further been categorized as the US, Canada, and Mexico. The European agricultural enzymes market has been divided into Germany, France, Italy, Spain, the UK, and the rest of Europe. The agricultural enzymes market in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The agricultural enzymes market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players



  • Bayer Cropscience AG (Germany)

  • BASF SE (Germany)

  • DowDuPont (US)

  • Syngenta AG (Switzerland)

  • Novozymes A/S (Denmark)

  • DSM N.V. (The Netherlands)

  • Bioworks, Inc. (US)

  • AB Enzymes (Germany)

  • Agrinos AS (US)

  • Stoller USA Inc. (US)

  • Aries Agro Limited (India)

  • Agri Life (India)

  • Deepak Fertilizers and Petrochemicals Corporation Limited (India)

  • Greenmax Agro Tech (India)

  • Ecozyme (South Africa)


Regional Market Summary


Global Agricultural Enzymes Market Share (%), by Region, 2018  Agricultural Enzymes Market  


Source: Secondary Sources and MRFR Analysis


North America is expected to dominate the market for agricultural enzymes during the forecast period. Increasing demand for organic products in the region and thus, the adoption of organic and precision farming practices in the area has increased the demand for agricultural enzymes. Asia-Pacific is projected to register the highest CAGR during the forecast period owing to the increasing awareness among the farmers regarding the benefits of using agricultural enzymes during farming practices. 


Global Agricultural Enzymes Market, by Type



  • Phosphatase

  • Proteases

  • Dehydrogenases

  • Dehydrogenases

  • Others  


Global Agricultural Enzymes Market, by Crop Type



  • Cereals & Grains

  • Oilseeds & Pulses

  • Fruits & Vegetables

  • Others


Global Agricultural Enzymes Market, by Function



  • Soil Fertility

  • Growth Promotors


Global Agricultural Enzymes Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe





  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific





  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Intended Audience



  • Agricultural enzymes manufacturers

  • Agrochemical manufacturers

  • Dealers and distributors

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



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Frequently Asked Questions (FAQ) :

agricultural enzymes market is projected to grow at approximately 11.0% CAGR during the assessment period (2019-2024).

The value of the global agricultural enzymes market had reached USD 340.5 MN in 2019.

Based on type, the phosphatases segment, based on the function, the fertility segment, and based on the application, the grains & cereals segment holds majority shares in the global agricultural enzymes market.

North America holds the largest share in the global agricultural enzymes market, followed by Europe and the Asia Pacific, respectively.

Bayer Cropscience AG (Germany), DowDuPont (US), BASF SE (Germany), Syngenta AG (Switzerland), DSM N.V. (The Netherlands), Novozymes A/S (Denmark), Bioworks, Inc. (US), Agrinos AS (US), AB Enzymes (Germany), Stoller USA Inc. (US), Agri Life (India), Aries Agro Limited (India), Deepak Fertilizers, Petrochemicals Corporation Limited (India), Ecozyme (South Africa), and Greenmax Agro Tech (India),are some of the top players operating in the global agricultural enzymes market.