The Agricultural Enzymes Market is expected to reach USD 0.3 Billion in 2023 to USD 0.7 billion by 2032, with a CAGR of 11.30% from 2023 - 2032.
The growing preference for organic food and farming is a major element driving market expansion. Farmers have begun to use agricultural biologicals such as biofertilizers, biopesticides, and bio-enzymes in response to significant increases in fertilizer prices. Furthermore, the rising need for biofuels, cost-efficiency, novel farming practices, and increased investment in research development will drive the worldwide agricultural enzymes market research report. Furthermore, organic foods such as bananas, apples, and strawberries have medicinal benefits such as avoiding cancer, improving immunity, and lowering inflammation. These factors are expected to boost agricultural enzyme demand throughout the forecast period. Furthermore, due to the usage of chemicals in agriculture, people's tastes and preferences for organic fruits and vegetables are changing, which will support the growth of the worldwide Agricultural Enzymes Market.
Despite COVID-19, there is a trend toward sustainable and organic farming, which is expected to drive market development. However, early supply interruptions worldwide had a detrimental influence on the market in the first months of 2020. Agricultural enzymes have achieved widespread recognition in the farming industry.
Market segmentation:
The worldwide agricultural enzymes market has been divided by crop type, product, and function.
According to the crop type:
● Fruits vegetables
● Oilseeds pulses
● Cereals grains
● Others
According to the product:
● Polymerases
● Proteases
● Lipases
● Carbohydrases
● Nucleases
According to the function:
● Control Products
● Growth Enhancing Products
● Fertility Products
Explore More Info: https://www.marketresearchfuture.com/reports/agricultural-enzymes-market-5172
Regional analysis:
The Global Agriculture Enzymes Market is divided into Asia-Pacific, Europe, North America, and the Rest of the World.
North America is a major user of agricultural enzymes worldwide. The United States is one of North America's most important markets for agricultural enzymes. The country has advanced significantly in terms of embracing new agricultural methods. The rising expense of chemical inputs, their negative impact on soil mass and the environment, and growing knowledge about the importance of balanced plant nutrition are boosting market demand for agricultural enzymes in this nation. Given the growth in agricultural land size, greater agricultural investment, and government backing, the Canadian agricultural enzymes market is rising regarding demand creation.
Asia-Pacific is expected to have the greatest CAGR throughout the forecast period, owing to increased farmer knowledge of the benefits of employing agricultural enzymes during farming.
Recent developments:
● Nutrien Ag Solutions announced a collaboration with Elemental in March 2021 and introduced peptide-based bio insecticide on various specialty crops across North America.
● Corteva Agrisciences will collaborate with Elemental Enzymes, a life sciences business creating breakthrough biotechnology and enzyme solutions, in 2021. The firms expanded their multi-year global agreement to include a new bio fungicide for row crops such as cereals, soybeans, corn, rice, oilseeds, and sugarcane, as well as turf and decorative uses.
● Agrinos Group, a privately held technological leader in biological agricultural inputs, was bought by American Vanguard Corporation's major operational subsidiary AMVAC Chemical Corporation in October 2020. Agrinos is a fully integrated biological input supplier with patented technologies, in-house manufacture, and global distribution. Agrinos' agro enzymes product line is expected to assist AMVAC in growing the market.
Key Agricultural Enzymes Market Players are:
· Baver 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)
Essential Oils and Plant Extracts for Livestock Market Research Report Information by Type (Essential Oils and Plant Extracts), Form (Solid/Powder and Liquid), Livestock (Swine, Poultry, Ruminants, Aquaculture and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2030
Feed Phytogenic Market Research Report Information by Type (Essential Oils, Herbs Spices, Oleoresins, Others), By Function (Performance Enhancer, Palatability Enhancer, Others), By Livestock (Poultry, Swine, Ruminants, Aquaculture, Others) and Region (North America, Europe, Asia-Pacific, Rest of the World)—Forecast till 2028
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312
