San Francisco, 18 January, 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.
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Report On Agricultural Enzymes Market Analysis:
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.
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Grand View Research At: www.grandviewresearch.com/industry/catalysts-and-enzymes
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
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
U.K
·
Asia Pacific
o
China
o
India
·
Central & South America
o
Brazil
·
Middle East & Africa
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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.
For more information: www.grandviewresearch.com/
