Agricultural
enzymes are the biological catalysts that are used extensively in agricultural
based biotechnological processing, such as enzyme-assisted silage fermentation,
processing of crops and crop residues, bio-processing of fibers, and production
of many animal feed supplements. The agricultural
enzyme market is growing due to high investments in bio-technology sector,
increasing global population and increase in production yield from the land
that can be used for cultivation. Agricultural enzyme are increasingly being
used due their property of gene shuffling and direct evolution, which even
makes them suitable for the purpose of customer based applications.
Market Size and Forecast
The global
agricultural enzymes market was valued at USD 5.0 billion in 2015 and is
expected to expand at a rate of CAGR 6% between 2016 and 2023.
North
America dominated the global agricultural enzymes market in 2015 in terms of
revenue followed by it Europe stood at second position in the same year. North
America will continue to dominate the market during the forecast period due to
the increased awareness of organic farming and growing agricultural industry. Apart
from this, rising number of farmers and reduced chemical usage in the growing
of crops is expected to be major factor for North America agricultural enzymes
market growth. Asia Pacific is currently at a nascent stage and is
anticipated to come-up as a new market for enzyme due to the government
incentives which include exemption on agricultural tax to those companies that
are producing organic farm products.
Market Segmentation
Our
in-depth analysis segmented the Global Agricultural Enzymes market includes:
By
Type
·
Nucleases
·
Carbohydrases
·
Proteases
·
Polymerases
·
Lipases
By
Crop Type covered
·
Oilseeds
and Pulses
·
Fruits
and Vegetables
·
Cereals
& Grains
·
Other
Crop Types
By
Application
·
Growth
enhancing
·
Control
·
Fertility
Global
Agricultural Enzyme Market can further be classified on the following bases:
By Region:
·
North
America (United States /U.S. & Canada)
·
Latin
America (Brazil, Mexico, Rest of Latin America)
·
Western
and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, Rest of Western Europe)
·
Asia-Pacific
(China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia)
·
Middle
East and North Africa (MENA)
·
Rest
of World
Growth Drivers and Challenges
The
industry across the globe is witnessing the growth in enzymes market due to the
modern farming practices and the demand for high quality agricultural products.
Moreover, the agricultural enzymes are also used to reduce the wastage, thus propelling
the global enzyme market. The trend towards sustainable industrial development
with less waste and less carbon dioxide (CO2), rising demand for chemicals, and
emerging advanced technologies is escalating the growth of agricultural enzymes
market all across the globe. Furthermore, the growing demand of processed food,
rising demand for renewable energy sources such as bio-fuel has pushed the
enzymes market to a global level. The cheap production method coupled with the
new and diverse applications such as phytases usage for efficiency
improvement are expected to increase the global
enzymes market in the next few years. However, on the other hand, the
enzyme safety and quality assurance regulations are expected to hinder
agricultural enzymes market growth.
Key Players
The
key players of the Global Agricultural Enzymes market are as follows:
·
Camson
Bio Technologies Ltd
o Company Overview
o Key Product Offerings
o Business Strategy
o SWOT Analysis
o Financials
·
Deepak
Fertilizers and Petrochemicals Corporation Limited (DFPCL)
·
Adisseo
France S.A.S
·
Novozymes
A/S
·
Soufflet
Group
·
Greenmax
Agro Tech
·
BioResource
International, Inc. (BRI)
·
Agrinos
Inc.
·
Hayashibara
Co., Ltd.
·
Verenium
Corporation
·
Asahi
Kasei Pharma
·
Stoller
Usa Inc.
·
Agri
Life
·
Syngenta
Ag
·
Bioworks
Inc.
·
Aries
Agro Ltd.
·
Enzymatic
Deinking Technologies
·
MP
Biomedicals
·
Verenium
·
New
England Biolabs
·
Specialty
Enzymes & Biotechnologies
Scope and
Context
Overview
of the Parent Market
Analyst
View
Segmentation
The Global
Agricultural Enzymes Market is segmented as follows:
·
By
Type Market Size & Y-O-Y Growth Analysis
·
By
Application Market Size & Y-O-Y Growth Analysis
·
By
Crop Type Covered & Y-O-Y Growth Analysis
·
By
Region Market Size & Y-O-Y Growth Analysis
Market
Dynamics
Supply
& Demand Risk
Competitive
Landscape
Porter’s
Five Force Model
Geographical
Economic Activity
Key
Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent
Trends and Developments
Industry
Growth Drivers and Challenges
Key
Information for Players to establish themselves in current dynamic environment
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For Table of Content &
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Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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