North America Agricultural Enzymes Market was worth USD 123.76 million in 2021 and estimated to be growing at a CAGR of 11.32%, to reach USD 209.48 billion by 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. 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.
North America Agricultural Enzymes Market Drivers:
The driving factors of North America 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.
North America Agricultural Enzymes Market - By Product Type:
growth enhancing products
North America 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.
North America Agricultural Enzymes Market - By Enzyme Type:
The Market is Geographically divided into:
North America has the largest market for agricultural enzymes by share. In the North America region, United States has the largest market share while Canada is expected to grow at the fastest pace. 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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