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Agricultural Enzymes Market Size, Share and Forecast 2026

(Food-Beverage-News.Com, October 11, 2019 ) Market Overview

• Enzymes are biological products that affect plant health and have a pivotal role in overall agricultural practices. Agricultural enzymes are biological catalysts used for fastening the chemical reaction that release nutrients in the soil to the roots in minimum time. Agricultural enzymes have inherent property of detoxifying the soils that have processed with chemical fertilizers, herbicides, and pesticides. It also neutralizes both acid and alkaline soils and loosens heavy clay soils. In addition to crop production activities agricultural enzymes are also used in Animal nutrition as natural growth promoter through minimal feed consumption.



https://www.datamintelligence.com/research-report/agricultural-enzymes-market">Market Dynamics:

• Growing demand for agricultural produce owing to rising population and changing consumer dietary habits is forcing the farmers and crop growers across the globe to increase productivity. According to the statistics of The Food and Agriculture Organization (FAO), the global population is likely to reach 10 billion by 2050 and would result in a growth of over 50% in agricultural demand as compared with 2018. Enzymes are an essential tool in the armory of farmers and crop growers in meeting growing demand in a sustainable way. A recent study conducted by the Plant Scientists at Lancaster University in 2016 stated that incorporation of enzymes into farmed land boost photosynthesis in crops by 20% under some specific field conditions, which can in turn decrease the yield time of the output.

• Moreover, loss of nutrients in the soil due to erosion and extensive use of fertilizers is also motivating farmers towards supplementation of farmland with enzymes. The consumption of enzymes as soil nutrient enhancer is also witnessing significant rise with rising practice of organic farming by commercial farmers in developed nations through green-house farms is expected to boost the market for agricultural enzymes globally. According to study published in Ontario Ministry of Agriculture, Food, and Rural Affairs in 2018, the annual establishments of the greenhouse industry in Ontario and Canada increased from 36.401 million Sq.m in 2016 to 37.388 million Sq.m in 2017.

• However high cost associated with the enzymes and extensive usage of conventional technologies such as fertilizers for agriculture production are hindering the growth of global agricultural enzymes market.

Market Segmentation

• Global agricultural enzymes market is segmented on the basis of enzyme type into Carbohydrase, Proteases, Lipase, Phytase, and Others. Proteases evolved as the largest segment of agricultural enzymes market owing to its large-scale application in farming practices and animal nutrition. It is expected to hold its dominance over the forecast period by growing at a lucrative pace. The growth of proteases is attributable to regulatory changes and bans imposed on use of antibiotics in animal feed. Proteases evolved as an effective alternative to antibiotics owing to its potential of improving gut and overall animal health. According to the study published in Veterinary Research in July 2018, the usage of proteases in animal feed shown similar outcomes as the usage of antibiotics.

• By Application, global agricultural enzymes market is segmented into Agro-Chemicals, Animal feed Additive and others. Animal-Feed additives segment dominate the global agricultural enzymes market owing to the increase in adoption of nutritional feed additives by the commercial and local farm producers for the production of healthy cattle and poultry to meet the global demand. The usage of enzymes as a feed additive has grown at a rapid pace over the years owing to increase in adoption by the farm producers for the production of meat at a lower investment and feed consumption. Acceptance of feed enzyme technology has increased in the United States over the past twenty years. Feed enzymes have become an important tool to increase the nutritional value of feed ingredients, reduced feed consumption thereby overall reduction in feed costs, all while maintaining or improving animal growth performance.

Geographical Share

By region, the global agricultural enzymes market is segmented into

• North America,

• South America,

• Europe,

• Asia-Pacific,

• Middle-east

• and America.



Competitive Analysis

• The global agricultural enzymes market is consolidated with major market players such as BASF SE, Syngenta AG, Novozymes A/S, and Advanced Enzymes capturing a significant amount of market share.

• Other players in the global agricultural enzymes market include American Biosystems, Agrinos AS, AB Enzymes and Creative Enzymes.





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pr@datamintelligence.com

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