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Agricultural Enzymes Market Share, Growth, Trends, And Forecasts (2016–2021)

Thursday, April 12, 2018 2:39
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The Global Agricultural Enzymes Market was worth USD 292 million in 2016 and estimated to be growing at a CAGR of 11.65%, to reach USD 506 billion by 2021. 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.

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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.

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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.

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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.

Agricultural Enzymes Market Segmentation:

Product Type

  • Growth Enhancing Products
  • Control Products
  • Fertility Products
  • Y-o-Y Growth Analysis, By Product Type
  • Market Attractiveness Analysis, By Product Type
  • Market Share Analysis, By Product Type

Crop Type

  • Oilseeds and Pulses
  • Cereals and Grains
  • Fruits and Vegetables
  • Turf and Ornaments
  • Other Crop Types
  • Y-o-Y Growth Analysis, By Crop Type
  • Market Attractiveness Analysis, By Crop Type
  • Market Share Analysis, By Crop Type

Enzyme Type

  • Dehydrogenases
  • Sulfatases
  • Phosphatases
  • Other Enzyme Types
  • Y-o-Y Growth Analysis, By Enzyme Type
  • Market Attractiveness Analysis, By Enzyme Type
  • Market Share Analysis, By Enzyme Type

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626

 

 

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