Global Agricultural Enzymes Market Trends, Analysis, Growth, and Forecast: 2017 to 2027

MarketResearch.biz delivers in-depth insights on the global agricultural enzymes market in its upcoming report titled, “Global Agricultural Enzymes Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global agricultural enzymes market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global agricultural enzymes market report has been segmented on the enzyme type, crop type, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Enzymes are used in agricultural industry to improve crop growth and crop efficiency. It is widely used in processing of crops & crop residues and enzyme assisted silage fermentation. Growing demand for food products owing to the rapidly growing population and declining number of arable land is a major factor expected to drive the growth of the market over the forecast period. Increasing adoption of modern techniques by farmers to maximize yield of the product is other factor expected to propel the growth of the market over the forecast period. In addition, increasing preference towards organic farming is expected to support the growth of global agricultural enzymes market over the forecast period.

However, high cost for development of agricultural enzyme is a major factor expected to limit the growth of global agricultural enzymes market over the forecast period.

Based on crop type, the global agricultural enzymes market is segmented based on cereals & grains, oilseeds & pulses, fruits & vegetables, turf & ornamentals, others (plantation, herbs, and spices). The cereals and grains segment contribute major revenue share as compared to other crop type. The cereal crops such as wheat, barley, millet, and sorghum is considered as staple food crops. Growing demand for these cereal crops and grains due to rapidly growing population is major factor expected to drive growth of segment over forecast period.

North America market dominates the global agricultural enzymes market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to preference for consumption of organic food and high adoption of advance farming technologies in the region. Europe accounts for second-largest revenue share contribution to the global agricultural enzymes market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to high demand for food grains and extensive R&D initiatives by manufacturers operating in the market to develop new and novel agricultural enzymes for crop protection.

Global Agricultural Enzymes Market Segmentation:

Global ­­­­agricultural enzymes market segmentation, by enzyme type:

• Phosphatases
• Dehydrogenases
• Proteases
• Sulfatases
• Others (beta-glucosidase, cellulases, and ureases)

Global agricultural enzymes market segmentation, by crop type:

• Cereals & grains
• Oilseeds & pulses
• Fruits & Vegetables
• Turf & ornamentals
• Others (plantation, herbs, and spices)

Global agricultural enzymes market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa