Agricultural Enzymes Market. Global industry analysis and forecast to 2020. The growing trend of organic farming, and rise in demand for organic food plays a vital role to boost the demand for agricultural enzymes market.
On the basis of type, the market is categorized into lipases, proteases, carbohydrases, polymerases, nucleases. The rising inclination of organic food is intensifying the market for the global agricultural enzymes industry. The global agricultural enzymes market is valued at usd 260.7 million in 2016 and is expected to reach usd 622.8 million by the end of 2026, growing at a cagr of 9.1% between 2016 and 2026.
Enzymes Are Mostly Biological Catalysts That Accelerate The Response To Chemicals.
Global industry analysis and forecast to 2020. The global enzymes market is a moderately consolidated market, with the top companies accounting for more than 35% of the total market. Agricultural enzymes are a catalyst for the chemical reaction which unblocks and provides roots of the plants with nutrients found in the soil.
The Global Agricultural Enzymes Market Is Valued At Usd 260.7 Million In 2016 And Is Expected To Reach Usd 622.8 Million By The End Of 2026, Growing At A Cagr Of 9.1% Between 2016 And 2026.
Agricultural enzymes on the basis of type , the market is segmented into phosphatases, dehydrogenase, sulfatases.phosphatases held the highest share in the global agricultural enzymes market and is projected to witness the same trend during the forecast period. The global agricultural enzymes market estimated to be usd 340.5 million in 2019 and is expected to register a cagr of 11.0% during the forecast period from 2019 to 2024. Agricultural enzymes unlock the soil to release nutrients.
The Report Segments The Agricultural Enzymes Market On The Basis Of Enzymes Type, Crop Type, Application, And Geography.
Cereals and grains category holds a significant share in the agricultural enzymes industry, owing to the growing demand of cereals and grains throughout the globe. The global agricultural enzymes market was valued at usd 289.6 million in 2020 and is projected to reach usd 564.46 million by 2028, growing at a cagr of 8.70% from 2021 to 2028. On the basis of type, the market is categorized into lipases, proteases, carbohydrases, polymerases, nucleases.
564.46 Million 289.6 Million 8.70%.
The global market for the agricultural enzymes was valued at usd 5.0 billion in 2015 and is further expected to flourish at a compound annual growth rate of around 6% between the period 2016 and. Agricultural enzymes market segmented by crop types such as cereals & grains, oilseeds & pulses, fruits & vegetables and others having chemical properties such as carbohydrates, proteases, lipases, polymerases & nucleases and others. Growing demand for the consumption of organic food coupled with various competitive strategies adopted by the key industry participants is expected to propel market growth.
Based On The Crop Type It Is Segmented Into Oil Seeds, Pulses, Cereals, Grains, And Fruits & Vegetables.
Moreover, the rise in trend of production yields in the limited urban area is another factor anticipated to propel the global agricultural enzymes. Enzymes are biocatalysts proteinaceous in nature that can speed up the chemical reaction. Agricultural enzymes market was valued at 344.78 million in 2019 and is projected to reach usd 749.79 million by 2027, growing at a cagr of 11.0% from 2020 to 2027.