Agricultural Enzymes Market was worth USD 406.4 million in 2019 and estimated to be growing at a CAGR of 11.77%, to reach USD 708.8 billion by 2024. Agricultural enzymes are biological catalysts which are used thoroughly in agricultural based biotechnological processing, like processing of crops and crop residues, enzyme-assisted silage fermentation, bio-processing of fibers, and production of a lot of animal feed supplements.
Technological progress in the field of agricultural enzymes has boosted both the application of agricultural enzymes such as advent of phytases which enhances the nutritional content of the food grains as well as silage fermentation and manufacturing capacity. Some of the chief types of enzymes used for crop growth and soil fertility are dehydrogenases, phosphatases and sulfatases. Key companies in the sector have discovered technologies for producing the enzymes from microorganisms. The microorganisms which are used for production grow in closed steel tanks, which contain nutrients such as starch, soy, sugar, and corn. These microorganisms expand the crop yields and reduce the use of pesticides in the production of food.
The driving factors of global Agricultural Enzymes market are rising demand for organic and natural food, growing awareness towards hazardous properties of pesticides and chemicals which are used in agriculture, growing agriculture industry and increasing awareness about organic farming among others.
The global Agricultural Enzymes market is segmented based on product type into growth enhancing products, control products and fertility products. On the basis of crop type, the market is categorised into oilseeds and pulses, cereals and grains, fruits and vegetables, turf and ornaments and other crop types. Cereals and grains segment is expected to have the largest market share in the segment while oilseeds and pulses is expected to grow at the fastest rate. By enzyme type, the market is divided into dehydrogenases, sulfatases, phosphatases and other enzyme types.
The Global Agricultural Enzymes market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Agricultural Enzymes in the world, which is followed by Asia Pacific and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period due to rising demographics in developing parts of the region such as China and India.
Some of the major players in the market are BASF, Novozymes, Syngenta, Creative Enzyme, Enzyme India Pvt. Ltd., Afrizymes, Aum Enzyme, Cypher Environmental, Specialty Enzymes & Biotechnologies, and American Biosystems, Inc.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Growth Enhancing Products
5.1.2 Control Products
5.1.3 Fertility Products
5.1.4 Y-o-Y Growth Analysis, By Product Type
5.1.5 Market Attractiveness Analysis, By Product Type
5.1.6 Market Share Analysis, By Product Type
5.2 Crop Type
5.2.1 Oilseeds and Pulses
5.2.2 Cereals and Grains
5.2.3 Fruits and Vegetables
5.2.4 Turf and Ornaments
5.2.5 Other Crop Types
5.2.6 Y-o-Y Growth Analysis, By Crop Type
5.2.7 Market Attractiveness Analysis, By Crop Type
5.2.8 Market Share Analysis, By Crop Type
5.3 Enzyme Type
5.3.1 Dehydrogenases
5.3.2 Sulfatases
5.3.3 Phosphatases
5.3.4 Other Enzyme Types
5.3.5 Y-o-Y Growth Analysis, By Enzyme Type
5.3.6 Market Attractiveness Analysis, By Enzyme Type
5.3.7 Market Share Analysis, By Enzyme Type
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Product Type
6.1.3.2 Crop Type
6.1.3.3 Enzyme Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Product Type
6.1.4.2 Crop Type
6.1.4.3 Enzyme Type
6.1.5 Market Share Analysis
6.1.5.1 By Product Type
6.1.5.2 Crop Type
6.1.5.3 Enzyme Type
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 BASF
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Novozymes
8.3 Syngenta
8.4 Creative Enzyme
8.5 Enzyme India Pvt. Ltd.
8.6 Afrizymes
8.7 Aum Enzyme
8.8 Cypher Environmental
8.9 Specialty Enzymes & Biotechnologies
8.10 American Biosystems, Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
