Middle East and Africa Agricultural Enzymes Market was worth USD 51.61 million in 2021 and estimated to be growing at a CAGR of 11.65%, to reach USD 88.29 millionby 2026.
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.
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.
Middle East and Africa Agricultural Enzymes Market Drivers:
The driving factors of Middle East and Africa 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.
Middle East and Africa Agricultural Enzymes Market - By Product Type:
growth enhancing products
Middle East and Africa Agricultural Enzymes Market - By Crop Type:
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.
Middle East and Africa Agricultural Enzymes Market - By Enzyme Type:
The market in this region can be divided based on geography broadly into Middle East and Africa regions. Factors such as rising awareness about organic farming and growing population are expected to drive the market growth in the region.
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