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Agricultural Enzymes Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
• The global Agricultural Enzymes Market size was valued at USD 0.3 billion in 2022 growing at a CAGR of 11.35% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
As per the study initiated by Evolve Business Intelligence, the global Agricultural Enzymes Market size accounted for USD 0.3 billion in 2022, growing at a CAGR of 11.35% from 2023 to 2033.The agricultural enzymes market involves the production and application of enzymes in farming practices to enhance nutrient availability, improve soil structure, and increase crop yield. These enzymes play a vital role in processes such as nutrient cycling, organic matter decomposition, and plant growth regulation. Key types include amylases, proteases, and lipases. The market is driven by the rising demand for sustainable and eco-friendly agricultural solutions, promoting efficient nutrient utilization and soil health. Agricultural enzymes contribute to enhanced crop performance and are integral to modern agricultural practices aiming for increased productivity and environmental stewardship.
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The agricultural enzymes market is propelled by the increasing demand for sustainable farming practices, with enzymes enhancing nutrient availability and soil health. As a key component in modern agriculture, enzymes contribute to efficient nutrient utilization, improved crop yield, and eco-friendly solutions. This market aligns with the global trend toward more environmentally conscious and productive agricultural methods.
Key Players
Some of the major Agricultural Enzymes Market players holding high market shares include Bayer Cropscience AG (Germany), BASF SE (Germany), DowDuPont (US) and Syngenta AG (Switzerland). These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Bioworks Inc. (US), AB Enzymes (Germany), Agrinos AS (US), Stoller USA Inc. (US), Aries Agro Limited (India), Agri Life (India), Deepak Fertilizers and Petrochemicals Corporation Limited (India), Greenmax Agro Tech (India), Ecozyme (South Africa).
Report Description: https://evolvebi.com/report/agricultural-enzymes-market-analysis/
Segmental Analysis
Based on type, the Agricultural Enzymes market is segmented into phosphates, proteases, dehydrogenates, others. Over the course of the projection period, the proteases segment is anticipated to exhibit the highest CAGR. Protease enzymes help to speed up the hydrolysis of phosphoric acid esters and anhydrides in addition to being potent indicators of soil fertility.
Based on Crop Type, the Agricultural Enzymes market is segmented into cereals & grains, oilseeds & pulses, fruits & vegetables, others. The categories with the biggest market shares are grains and cereals. For the majority of people on the planet, especially in the Asia-Pacific area, rice is the most widely consumed staple meal. After maize, rice is the grain that is produced worldwide on the second largest scale.
Based on Function, the Agricultural Enzymes market is segmented into function. The category of soil fertility is predicted to grow at the quickest rate during the projection period. In addition to protecting plants and groundwater, the soil helps with biological processes and supplies nutrients to plants. Soil enzymes are a crucial indication of fertility because of their rapid response to
agricultural pesticides, industrial pollution, and climate changes.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
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