The Report Agricultural Enzymes Market Analysis By Type (Phosphatases,
Dehydrogenase, Sulfatases), By Crop Type (Cereals & Grains, Oilseeds &
Pulses, Fruits & Vegetables), By Product Type, By Region, And Segment
Forecasts, 2018 - 2025
The global agricultural enzymes market is expected
to reach USD 671.4 million by 2025, according to a new report by Grand View
Research, Inc. The increase in the consumption of organic food has been a major
driving factor for the global industry growth. In addition, the rising usage of
bio-products in the agricultural industry is also anticipated to be a major
boost for the market.
Agricultural enzymes are
biodegradable proteins used for enhancing the crop growth. Some of its other
major application are crop protection against insects, pest & diseases,
enhancing soil fertility, and decomposition of agricultural wastes. Such
inherent advantages of the product are expected to benefit the market.
Cereals & grains
crop type is anticipated to have the fastest growth rate over the next eight
years. It is estimated to grow at a CAGR of 12.4% from 2017 to 2025. The
enzymes added in cereals and grains have the ability to remove bran and germs
from the crop. Exogenous is one such enzyme which provides an aid to maintain
the quality of harvest and facilitate nutrient loss prevention. These factors
are projected to propel the cereals & grains segment growth over the next
eight years.
Access Research Report of Agricultural
Enzymes Market @ www.grandviewresearch.com/industry-analysis/agricultural-nzymes-market
Further key findings from the report suggest:
· The global agricultural enzymes market was
valued at USD 246.9 million in 2016 and is expected to grow at a CAGR of 11.8%
from 2017 to 2025
· Crop fertility was the largest product type
segment in 2016 and is anticipated to hold over 40% of the market by 2025.
Agriculture enzymes present in the soil are used as the index of soil
fertility, owing to the fact that they are sensitive and respond to the soil
management hastily than soil variables.
· Growing population across the globe coupled
with pressure for increasing productivity in agricultural industry is favoring
the segment growth
· Phosphatases were the largest enzyme type
segment in 2016. It is produced by many organisms present in the soil and has
the ability to solubilize soil mineral elements. Owing to aforementioned
properties it is expected to follow the same trend.
· North America was the largest market with
over 31% of the market share in 2016. The demand in the region is rising owing
to growing demand for food processing and high focus on biotechnology.
· Asia Pacific is expected to be the
fastest-growing region over the forecast period. Increasing investment in the
research and development activities in the nation towards diverse farming
practice is expected to drive the industry.
· Major industry participants include
Novozymes, Syngenta, BASF, Creative Enzymes, Afrizymes, Specialty Enzymes &
Biotechnologies, American Biosystems, Inc, Cypher Environmental, Aum Enzymes
and Enzymes India Pvt. Ltd.
Grand View Research has
segmented the global agricultural enzymes market on the basis of type, crop
type, product type and region:
Agricultural Enzymes Enzyme Type Outlook (Revenue, USD
Million; 2014 - 2025)
·
Phosphatases
·
Dehydrogenases
·
Sulfatases
·
Others
Agricultural Enzymes Crop Type Outlook (Revenue, USD
Million; 2014 - 2025)
·
Cereals & Grains
·
Oilseeds & Pulses
·
Fruits & Vegetables
·
Turf & Ornamentals
·
Others
Agricultural Enzymes Product Type Outlook (Revenue, USD
Million; 2014 - 2025)
·
Fertility Products
·
Growth Enhancing Products
·
Control Products
Agricultural Enzymes Regional Outlook (Revenue, USD
Million; 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
