Agricultural Enzymes Market Analysis

Agricultural Enzymes Market Overview

Agricultural Enzymes Market Size was valued at USD 0.30 billion in 2023. The agricultural enzymes market industry is projected to grow from USD 0.3339 Billion in 2024 to USD 0.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 9.69 % during the forecast period (2024 - 2032). Rising demand for organic products and rising demand for food security are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Agricultural Enzymes Market Trends

• Growing Demand for Organic Food Drives Market Growth

Agricultural enzymes market CAGR is primarily driven by rising demand for organic food globally, as well as growing awareness about the hazardous effects of pesticides, which has increased demand for agricultural enzymes. Organic agricultural enzymes allow for the production of food that is certified, high-quality, controlled, and safe. As a result, they bring significant economic and environmental benefits while also preserving a healthy ecology.

Furthermore, one of the essential components of the agricultural enzyme market's growth is the growing health concerns caused by an increasing number of biochemical poisoning instances worldwide. The increased use of pesticides leaves residues in food goods, producing serious difficulties for individuals. In addition, consumers are becoming increasingly aware of the hazardous repercussions of the use of chemical pesticides in food. Chemical pesticide poisoning in food items can result in hormone disturbance, cancer, and congenital abnormalities. Growing consumer awareness of the increased use of pesticides and fertilizers in farm-grown vegetables has resulted in increased adoption of organic food items. For instance, the United States Department of Agriculture (USDA) will launch its new USD 300 million Organic Transition Initiative in August 2022. According to the initiative, specific actions will be taken to develop the next generation of organic growers and enhance organic supply chains. Such activities are expected to increase the usage of bio-based inputs, hence extending the country's market. As a result, the agricultural enzymes market revenue is increasing.

Agricultural Enzymes Market Segment Insights

Agricultural Enzymes Type Insights

The Agricultural Enzymes Market segmentation, based on type includes phosphates, proteases, dehydrogenates, others. The proteases segment is expected to have the greatest CAGR during the projection period. Protease enzymes, in addition to being strong markers of soil fertility, aid in accelerating the hydrolysis of esters and anhydrides of phosphoric acid. They also play an important function in soil systems; the ability of these phosphates to solubilize soil mineral elements is expected to be greater in biologically managed systems due to a higher concentration of organic carbon in the systems. Such reasons are driving the demand for the proteases section of the Agricultural Enzymes Market.

Agricultural Enzymes Crop Type Insights

The Agricultural Enzymes Market segmentation, based on crop type, includes cereals & grains, oilseeds & pulses, fruits & vegetables, others. The cereals & grains categories have the largest market share. Rice is the most extensively consumed staple food globe by a significant percentage of the human population, particularly in the Asia-Pacific region. Rice is the second most widely produced grain in the world, after maize. Due to varied lifestyles, calorie requirements, an increase in wealth, and food requirements, urbanization is one of the reasons boosting demand for cereals and grains. Most cereal crops use agricultural enzymes to boost production while also fertilizing the soil and improving plant growth. Because cereals are cultivated in the majority of countries, worldwide demand for cereals and grains is expected to rise.

Agricultural Enzymes Function Insights

The Agricultural Enzymes Market data is segmented by function, which comprises soil fertility and growth promoters. During the forecast period, the soil fertility category is estimated to develop at the fastest rate. The soil provides plants with nutrients, aids in biological processes, and protects groundwater and plants. Because they respond quickly to climatic changes, agricultural chemicals, and industrial pollution, soil enzymes are an essential indicator of fertility.

Figure1: Agricultural Enzymes Market, by Function, 2022 &2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Agricultural Enzymes Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. During the forecast period, North America is expected to dominate the agricultural enzyme market. The region's growing demand for organic products, as well as the region's adoption of organic and precision farming practices, has increased the demand for agricultural enzymes.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: AGRICULTURAL ENZYMES MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe’s agricultural enzymes market accounts for the second-largest market share due to changing dietary needs, altered eating patterns, higher disposable incomes, and altered lifestyles. Further, the German agricultural enzymes market held the largest market share, and the UK agricultural enzymes market was the fastest-growing market in the European region

The Asia-Pacific Agricultural Enzymes Market is expected to grow at the fastest CAGR from 2023 to 2032. This is because farmers are becoming more aware of the benefits of using agricultural enzymes during farming practices. Moreover, China’s agricultural enzymes market held the largest market share, and the Indian agricultural enzymes market was the fastest-growing market in the Asia-Pacific region.

Agricultural Enzymes Key Market Players & Competitive Insights

Leading market players are extensively investing in research and development in order to extend their product lines, which will help the agricultural enzymes market grow even more. Market participants are also engaging in a number of strategic initiatives to grow their worldwide presence, with significant market developments including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the agricultural enzymes industry must provide cost-effective products.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global agricultural enzymes industry to benefit clients and increase the market sector. In recent years, the agricultural enzymes industry has offered some of the most significant advantages to medicine. Major players in the agricultural enzymes market, including Syngenta AG (Switzerland), Novozymes A/S (Denmark), DSM N.V. (The Netherlands), Bioworks Inc. (US), AB Enzymes (Germany), Agrinos AS (US), and others, are attempting to increase market demand by investing in R&D operations.

Corteva, Inc. is a significant American agricultural chemical and seed firm that was once a division of DowDuPont until being split out as a separate public company. In 2017, the DowDuPont agricultural operations that became Corteva had revenue of more than $14 billion, putting the company in the Fortune 500 for that year. Pioneer Hi-Bred International, which DuPont purchased in 1999, is a major component of the corporation. In June 2021: Corteva Agrisciences partnered with Elemental Enzymes, a life sciences company developing novel biotechnology and enzyme solutions. The companies expanded their multi-year global agreement to include a new bio fungicide for a broad range of row crops, including soybeans, cereals, corn, oilseeds, rice, and sugarcane, as well as turf and ornamental applications.

Nutrien is a Canadian fertilizer firm situated in Saskatoon, Saskatchewan. It is the world's leading producer of potash and the third largest producer of nitrogen fertilizer. It has approximately 2,000 retail outlets across North America, South America, and Australia, and employs over 23,500 people. It is traded on the Toronto Stock Exchange (symbol NTR) and the New York Stock Exchange (symbol NTR), and it has a market capitalization of $34 billion as of January 2018.In addition, the merger was proposed in light of low fertilizer prices, with the belief that a larger corporation would be better able to raise pricing PotashCorp and Agrium merged to establish it, and the transaction was completed. In March 2021, Nutrien Ag Solutions partnered with Elemental and launched peptide-based bio-pesticide

Key Companies in the agricultural enzymes market include

• Baver Cropscience AG (Germany)


• BASF SE (Germany)


• DowDuPont (US)


• Syngenta AG (Switzerland)


• 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)

Agricultural Enzymes Industry Developments

In September 2022 Kex2 protease from recombinant Saccharomyces cerevisiae was released by Creative Enzymes. Because of the rising need for agricultural enzymes, many players are focusing on new product launches to meet market demand.

In April 2021 BASF has agreed to invest in the Kundl/Schaftenau Campus in Austria with Sandoz GmbH, a Novartis affiliate. This partnership allowed BASF to expand its production footprint for enzymes and biotechnology products.

In June 2022  Belgian and Novozymes formed a partnership to expand Evoca's potential. Novozymes is the world's largest supplier of enzyme and microbial technologies for agriculture and a variety of other sectors. Evoca, Biotalys' new eco-friendly bio fungicide, has not yet been approved. However, the company has already formed a relationship to investigate future prospects for protein-based goods.

Agricultural Enzymes Market Segmentation

Agricultural Enzymes Type Outlook

• Phosphates


• Proteases


• Dehydrogenises


• Others

Agricultural Enzymes Crop Type Outlook

• Cereals & Grains


• Oilseeds & Pulses


• Fruits & Vegetables


• Others

Agricultural Enzymes Function Outlook

• Soil Fertility


• Growth Promoters

Agricultural Enzymes Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America