|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
364.52 Million
|
|
CAGR
(2023-2028)
|
8.60%
|
|
Fastest
Growing Segment
|
Fruits
& Vegetables
|
|
Largest
Market
|
North
America
|
Market Overview
Global
Agriculture Enzymes Market has valued at USD 364.52 Million in 2022 and is anticipated to
project impressive growth in the forecast period with a CAGR of 8.60% through 2028. Enzymes, which are typically
proteins, serve as biological catalysts that accelerate chemical reactions. In
agriculture, enzymes act as catalysts that unlock nutrients in the soil, making
them available to plant roots. By replacing the use of chemicals in food
production and protection, these enzymes ensure that essential nutrients, which
would otherwise remain bound to the soil, are made accessible to plants.
Incorporating agricultural enzymes into feed promotes higher plant yield and
improved quality.
Moreover,
agricultural enzymes play a crucial role in enhancing crop fertility and
safeguarding plants against pests and diseases. They find extensive application
in various biotechnological processes, including fiber bio-processing, crop and
crop residue processing, enzyme-assisted silage fermentation, and the
production of animal feed supplements. Enzymes are vital for the growth of
oilseeds, pulses, fruits and vegetables, grains, and cereals. The increasing
popularity of agricultural enzymes is attributed to their ability to modify the
quality of end-products. The widespread use of agricultural enzymes in the
industry has been driven by their proven ability to boost crop production.
Additionally, they facilitate the decomposition of plant residues, support root
development, and promote early sprouting during the initial stages of plant
growth. Furthermore, the application of agricultural enzymes plays a crucial
role in combating land degradation, addressing climate change, and addressing
food security challenges. Technological advancements in the agricultural enzyme
field, such as the development of phytases and silage fermentation techniques,
have significantly expanded both their manufacturing capacity and application.
Key Market Drivers
Rising Inclination for Organic Food
The
global trend towards organic food is steadily increasing, which in turn is
expected to drive the demand for agriculture enzymes. Organic farming practices
rely heavily on natural methods of enhancing crop productivity and maintaining
soil health, creating an ideal platform for the use of agricultural enzymes.
These biocatalysts play a crucial role in enhancing nutrient absorption,
promoting plant growth, and protecting crops from pests and diseases. As
consumers become more health-conscious and aware of the environmental impact of
conventional farming, the demand for organically grown food has skyrocketed.
This rising preference for organic food has prompted farmers to seek
eco-friendly and efficient farming solutions, elevating the importance of
agricultural enzymes in organic farming. Moreover, the enzymes' capacity to replace
harmful agricultural chemicals is found to be crucial in maintaining the
ecological balance and reducing the environmental footprint. The continuous
research efforts to innovate and develop effective and tailored enzyme
solutions for diverse agricultural needs further boost their demand. Therefore,
the burgeoning inclination towards organic food is expected to significantly
influence the agricultural enzymes market, potentially leading to unprecedented
growth rates globally.
Growing
Incidences of Plant Diseases
The
rising occurrences of plant diseases globally have prompted an urgent need for
effective solutions, leading to a surge in the demand for agricultural enzymes.
These bioactive proteins play a pivotal role in disease management by improving
the health and immunity of plants, thus decreasing their susceptibility to
diseases. They aid in enhancing nutrient absorption and optimizing plant
metabolic processes. Consequently, they fortify plants against harmful
pathogens and adverse climatic conditions, reducing disease incidences
significantly. The increasing adoption of green and sustainable farming methods
is further stimulating the use of agricultural enzymes as they are eco-friendly
and pose minimal threats to the environment compared to their chemical counterparts.
The growing awareness among farmers about these benefits, coupled with
supportive government initiatives promoting the use of bio-based solutions in
agriculture, is anticipated to fuel the demand for agricultural enzymes.
Furthermore, the escalating need to improve crop yield and quality to cater to
the global food demand amidst the rising population is expected to continue
driving the agricultural enzymes market expansion.
Increasing
Food Safety & Quality Concerns Among Consumers
A
critical factor driving the global demand for Agriculture Enzymes is the
increasing concern among consumers regarding food safety and quality. With
rising awareness of the harmful effects of chemical fertilizers, consumers are
advocating for organic farming and naturally grown produce. As a result,
farmers worldwide are recognizing the necessity of implementing sustainable
agricultural practices, including the use of Agriculture Enzymes. These
naturally occurring proteins promote plant growth, improve soil health, and
contribute to higher crop yields without negatively impacting the environment.
Furthermore, Agriculture Enzymes also play a crucial role in reducing the risk
of plant diseases, thus ensuring the delivery of healthier, superior-quality
crops. This shift towards healthier and safer food products has led to a surge
in the demand for Agriculture Enzymes. Moreover, governments globally are
implementing stricter regulations on food safety, which further necessitates
the adoption of Agriculture Enzymes. Thus, as consumers continue to prioritize
food safety and quality, the Agriculture Enzymes market is anticipated to
witness significant growth in the coming years.
Technological
Advancements in Agricultural Practices
Technological
advancements in agricultural practices are anticipated to stimulate global
demand for agriculture enzymes. As farming practices evolve, the integration of
cutting-edge technology is expected to escalate, promoting efficiency and
productivity. Precision farming, a technique incorporating GPS and GIS
technologies, is one such example. It optimizes the application of inputs, such
as agriculture enzymes, based on the specific requirements of a field,
minimizing waste and maximizing yield. Additionally, the advent of
bioinformatics in agriculture facilitates the identification and understanding
of beneficial enzymes, expediting their incorporation into farming practices.
The escalating rise of vertical and indoor farming, driven by urbanization, also
demands precise input application, creating an avenue for agriculture enzymes.
The use of these enzymes in such controlled environments supports nutrient
uptake and healthy plant growth, contributing to farming sustainability.
Furthermore, technological advancements have led to the creation of
enzyme-coated seeds, which have shown promise in enhancing plant resilience and
yield, further driving demand. Therefore, these technological developments,
promoting efficiency, sustainability, and productivity in agriculture, are
expected to fuel the global demand for agriculture enzymes.
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Key Market
Challenges
High
Cost of Production & Pricing of Agricultural Enzymes
The
high cost of production and pricing of agricultural enzymes is a significant
challenge that could potentially decrease global demand. Agricultural enzymes
are robust catalysts used in facilitating complex biochemical reactions that
enhance soil fertility, crop protection, and plant growth regulation. However,
their production involves complex extraction processes and stringent
purification methods, all of which contribute to the elevated costs. High
pricing of these enzymes is a direct consequence of these expensive production
processes. Many small-scale farmers and developing countries find it difficult
to afford these high-cost enzymes, which makes them less attractive, despite
their numerous benefits. The underprivileged farmers still rely on traditional
farming methods due to the high upfront costs of these enzymes. Furthermore,
limited knowledge and understanding of the effectiveness of these enzymes also
contribute to the lower demand, particularly in developing regions. Therefore,
while agricultural enzymes hold great promise for the future of sustainable
farming and improved crop yield, their high production costs and subsequent
pricing stand as an obstacle to widespread adoption, threatening to dampen
global demand.
Varying
& Stringent Regulatory Policies Across Different Countries
The
demand for agriculture enzymes is anticipated to experience a decline due to
varying and stringent regulatory policies across different countries. These
enzymes, although beneficial in enhancing crop productivity and health, are
subject to rigorous regulatory scrutiny due to their potential environmental
and health impacts. In several countries, the regulatory authorities have
tightened the rules for the approval and usage of agriculture enzymes,
necessitating extensive toxicity and environmental impact studies before their
commercial release. This process is both time-consuming and expensive, thus
deterring manufacturers from investing in this field and consequently leading
to a lower market supply. Moreover, the lack of harmonization in regulatory policies
worldwide adds another layer of complexity. The rules governing the use of
agriculture enzymes vary significantly from one country to another, causing
uncertainty and inconsistency in the global market. Manufacturers must comply
with each country's specific requirements, which can be a daunting task,
particularly for smaller businesses. Hence, these regulatory challenges put a
damper on the global demand for agricultural enzymes. Further, there is a
growing call for transparency and traceability in the food supply chain,
intensifying the regulatory pressure on agriculture enzyme producers. As a
consequence, all these factors combined are expected to decrease the global
demand for agriculture enzymes.
Key Market Trends
Enhancing
Soil Fertility & Crop Quality
Soil
fertility and crop quality are integral components of agricultural
productivity. The rising global demand for high-quality, nutrient-rich crops
necessitates innovative solutions to enhance soil fertility and crop yield.
This presents an opportunity for the increased utilization of agricultural
enzymes. These bio-stimulants, derived from natural sources, are known to
improve soil health, nutrient absorption, and plant growth. They facilitate
essential processes such as nitrogen fixation, phosphorus solubilization, and
organic matter decomposition, which are crucial in maintaining soil fertility.
Increasing awareness about the detrimental effects of chemical fertilizers on
soil health and ecosystem balance is nudging farmers towards organic and
sustainable farming practices, including the use of agricultural enzymes.
Additionally, the enzymes increase the nutritional value and quality of the
produce, thereby meeting the consumer demand for healthier food options. The
use of agricultural enzymes also aligns with the global movement towards
sustainable agriculture, as they reduce the reliance on non-renewable resources
and limit the environmental impact of farming. Consequently, the demand for
agricultural enzymes is expected to surge globally, driven by the need to
improve soil fertility and enhance crop quality. This trend is amplified by
supportive government policies promoting sustainable farming and the growing
need to ensure food security amid rising global population.
Increasing Trend of Vertical Farming &
Indoor Gardening
Vertical
farming and indoor gardening are rapidly gaining traction globally. This
burgeoning trend is expected to significantly drive the demand for agriculture
enzymes. These controlled farming methods call for the intricate understanding
and application of agricultural science, which is where agriculture enzymes
come into play. Enzymes are organic catalysts that expedite plant growth and
help in the effective breakdown of nutrients, making them more accessible and
easier to absorb for the plants. In vertical farming, space is optimized by
growing plants in vertical layers, often indoors. These conditions necessitate
efficient nutrient use, wherein enzymes play a crucial role. Similarly, indoor
gardening, which involves growing plants inside residences or buildings, also
requires enzymes for effective plant growth. The surge in urbanization and the
concomitant reduction in arable land are prompting the exploration of such
innovative farming methods. Furthermore, the emphasis on organic food and
sustainable farming practices is expected to fuel the demand for agriculture
enzymes. As these modern farming techniques become more popular, the use of
agricultural enzymes will likely rise in tandem, impacting the global market
positively. Thus, the increasing trend of vertical farming and indoor gardening
is poised to propel the global demand for agriculture enzymes.
Segmental Insights
Type Insights
Based on the Type,
Phosphatases, a type of enzyme that catalyses the removal of a phosphate group
from its substrate, play a crucial and multifaceted role in crop nutrition. By
facilitating the conversion of nutrients within the soil, they actively
contribute to the optimization of nutrient availability for plants, ensuring
their optimal growth and development. This pivotal function makes phosphatases
indispensable in agricultural practices, where they significantly enhance both
the productivity and sustainability of crop production systems.
The dominance of
phosphatases in the Agriculture Enzymes Market can be attributed to their
extensive application in improving soil fertility and promoting environmentally
conscious farming practices. Their ability to efficiently break down organic
phosphate compounds into inorganic forms makes them instrumental in releasing
phosphorus, a vital nutrient for plant growth, from organic matter and making
it readily accessible to crops. This not only enhances the overall nutrient
uptake efficiency but also minimizes the potential loss of phosphorus through
leaching or immobilization, thus contributing to sustainable soil management
and conservation. In addition to their role in nutrient cycling, phosphatases
also play a crucial part in the regulation of soil microbiota. They contribute
to the establishment of a diverse and balanced microbial community, which in
turn influences various soil processes, such as organic matter decomposition,
disease suppression, and nutrient cycling. By fostering a favourable soil microbial
environment, phosphatases support the overall health and resilience of
agricultural ecosystems.
Crop Type Insights
Based on the Crop
Type, Cereals and grains, being widely cultivated across different countries,
are expected to be a major driving force for the agricultural enzymes industry.
Enzymes play a crucial role in the processing of cereals, enhancing their
quality and protecting crops from diseases. These enzymes have the remarkable
ability to remove bran and germs from harvested crops, further improving their
nutritional value. Moreover, the growing awareness among consumers about the
harmful effects of chemical-based agriculture has led to a shift in preferences
towards organic fruits and vegetables. Pesticides used in conventional crop
production not only pose risks to living organisms but also contribute to
environmental degradation. In response to these concerns, governments have
implemented regulations to control the sale and use of pesticides, which is
anticipated to have a positive impact on the agriculture industry as a whole.
Furthermore,
organic foods, including popular choices like apples, bananas, and
strawberries, offer various health benefits such as immune system enhancement,
cancer prevention, and reduction of inflammation. These compelling factors are
projected to drive the demand for agricultural enzymes in the foreseeable
future, as consumers increasingly seek out healthier and more sustainable food
options.
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Regional Insights
The
North America region is currently dominating the Global Agriculture Enzymes
Market. This dominance can be attributed to the region's advanced agricultural
practices, including precision farming techniques, efficient irrigation
systems, and the use of genetically modified crops. Additionally, the early
adoption of innovative farming solutions, such as smart farming technologies
and biotechnology advancements, further contribute to the region's success in
the market.
The
United States, being one of the largest agricultural producers in the world,
significantly contributes to the market growth in North America. With its vast
farmland and diverse agricultural landscape, the country has embraced the use
of enzymes to enhance soil fertility, improve crop yield, and optimize resource
utilization. Moreover, the growing awareness among farmers about the benefits
of enzymes in sustainable farming practices has fostered their adoption in the
region.
Supportive
government initiatives have also played a crucial role in propelling the market
growth of agriculture enzymes in North America. Policies promoting sustainable
agriculture, conservation practices, and environmental stewardship have
encouraged farmers to incorporate enzyme-based solutions into their farming
practices. This alignment of government support with the increasing demand for
sustainable and eco-friendly agriculture has created a favorable environment
for the expansion of the agriculture enzymes market in the region.
Recent Developments
- September 2022:
Creative Enzymes successfully introduced the Kex2 protease derived from Saccharomyces
cerevisiae recombinant. In response to the growing demand for agricultural
enzymes, numerous industry players are strategically focusing on product
launches to meet market needs.
- June 2021:
Corteva Agrisciences established a partnership with Elemental Enzymes, a
leading life sciences company specializing in innovative biotechnology and
enzyme solutions. Expanding their existing multi-year global agreement, the
companies jointly developed a new bio fungicide for a wide range of row crops,
including soybeans, cereals, corn, oilseeds, rice, and sugarcane, as well as
turf and ornamental applications.
- April 2021: BASF
entered into an agreement with Sandoz GmbH, a subsidiary of Novartis, to invest
in the Kundl/Schaftenau Campus in Austria. This collaboration further
strengthens BASF's production capacity for enzymes and biotechnology products.
- March
2021: Nutrien Ag Solutions, in collaboration with Elemental, successfully
launched a peptide-based bio-pesticide for specific crops across North America.
Key Market Players
- Novozymes
A/S
- China
National Chemical Corporation
- DuPont de
Nemours, Inc
- Koninklijke
DSM N.V.
- BASF SE
- Bayer
CropScience AG
- Agrinos AS
- Stoller
USA, Inc.
- BioWorks,
Inc.
- Ab Enzymes
GmbH
|
By Type
|
By Crop Type
|
By Region
|
|
- Phosphatases
- Dehydrogenases
- Proteases
- Sulfatases
- Others
|
- Cereals & Grains
- Oilseeds & Pulses
- Fruits & Vegetables
- Turf & Ornamentals
- Others
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
|
|
|
|
|
|
Report
Scope:In
this report, the Global Agriculture Enzymes Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Agriculture Enzymes Market, By Type:
o
Phosphatases
o
Dehydrogenases
o
Proteases
o
Sulfatases
o
Others
- Agriculture Enzymes Market, By Crop Type:
o
Cereals & Grains
o
Oilseeds & Pulses
o
Fruits & Vegetables
o
Turf & Ornamentals
o
Others
- Agriculture Enzymes Market, By
Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Agriculture Enzymes Market.
Available
Customizations:
Global
Agriculture Enzymes market report with the given market data, TechSci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
Global Agriculture
Enzymes Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]