San Francisco, Sep 24 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.
Browse full research report on Agricultural Enzymes Market:
www.grandviewresearch.com/industry-analysis/agricultural-enzymes-market
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.
Browse more reports of this category
by Grand View Research: 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Asia Pacific
- China
- India
- Central &
South America
- Brazil
- Middle East
& Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-agricultural-enzymes-market
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
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