IMARC Group, a leading market research company, has recently releases report titled “Agricultural Enzymes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global agricultural enzymes market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How Big is the Agricultural Enzymes Market?
|Market Size in 2022||US$ 362.7 Million|
|Market Forecast in 2028||US$ 654.6 Million|
|Growth rate (2023 to 2028)||CAGR of 10.4%|
|Base Year of the Analysis||2022|
What are Agricultural Enzymes?
Agricultural enzymes are bioactive compounds that act as catalysts to accelerate chemical reactions and enhance the absorption of soil nutrients in plants. They are commonly available in proteases, sulfatases, phosphatases and dehydrogenases variants. Agricultural enzymes are widely used for oilseeds, fruits, vegetables, grains and ornamentals crops. They aid in enhancing crop fertility, improving crop efficiency, growth and protecting against various pests and diseases. These enzymes are extensively used in agricultural-based biotechnological processing, such as processing of crops and crop residues, enzyme-assisted silage fermentation, bioprocessing of fibers and the production of various animal feed supplements.
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What Are the Growth Prospects and Trends in the Agricultural Enzymes Market?
The global agricultural enzymes market is primarily being driven by significant growth in the agriculture industry, along with the increasing demand for organic food products among the masses. Moreover, the widespread adoption of environment-friendly compounds containing various bio-stimulants, bio-fertilizers and micro-organisms for the production of agricultural enzymes is providing a thrust to the market growth. Other factors, including the rising concerns regarding food safety, along with the implementation of various government initiatives promoting sustainable agricultural practices, are anticipated to drive the market toward growth.
Who Are the Key Players Operating in the Agricultural Enzymes Industry?
The report has also analysed the competitive landscape of the market with some of the key players.
- AB Enzymes GmbH (Associated British Foods Plc)
- Agrinos Inc. (Agrinos AS)
- Aries Agro Ltd.
- BASF SE
- Bayer Aktiengesellschaft
- Bioworks Inc.
- Deepak Fertilisers and Petrochemicals Corporation Limited
- Dupont De Nemours Inc.
- Stoller Group Inc.
- Syngenta AG (China National Chemical Corporation Limited).
What is Included in Market Segmentation?
The report has categorized the market based on enzyme type, product type and crop type.
Breakup by Enzyme Type:
Breakup by Product Type:
- Soil Fertility Products
- Control Products
- Growth Enhancing Products
Breakup by Crop Type:
- Cereals and Grains
- Oilseeds and Pulses
- Fruits and Vegetables
- Turf and Ornamentals
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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