Agricultural Enzymes Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 337.10 Million |
| Market Size (2029) | USD 461.80 Million |
| CAGR (2024 - 2029) | 6.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Agricultural Enzymes Market Analysis
The Agricultural Enzymes Market size is estimated at USD 337.10 million in 2024, and is expected to reach USD 461.80 million by 2029, at a CAGR of 6.5% during the forecast period (2024-2029).
- The agricultural enzymes market has become a pivotal segment in the broader agricultural industry, emphasizing enhancements in crop productivity, soil health, and sustainable farming practices. Driven by consumer demand and regulatory pressures for sustainable practices, the adoption of agricultural enzymes has surged. These enzymes diminish the dependence on chemical inputs, championing eco-friendly farming. According to the Research Institute of Organic Agriculture, organic food sales grew from USD 132 billion to USD 134 billion from 2021 to 2023. This rising trend of organic food consumption has raised organic farming which has fueled the demand for agricultural enzymes. Organic farmers utilize these enzymes to bolster soil health and boost crop yields, all without resorting to synthetic chemicals. Moreover, enzymes along with select microbes are being used in agriculture as a healthier and organic replacement for chemicals, thus driving the market’s growth.
- Moreover, there's an increasing recognition of the need to uphold soil health for sustained agricultural productivity. Agricultural enzymes are instrumental in decomposing organic matter, boosting nutrient availability, and refining soil structure, all vital for robust soil health. The need for increased crop yields, despite limited arable land, has further fueled the demand for agricultural enzymes. For instance, according to the Hungarian Central Statistical Office, the arable land area decreased overall in Hungary. In 2024, the arable land area totaled around 4,132 thousand hectares in the country which decreased from 4,154 thousand hectares compared to the previous year. Therefore, with the rising demand for sustainable farming and organic produce, the agricultural enzymes market is on a growth path. Despite its growth trajectory, the agricultural enzymes market grapples with challenges such as high enzyme production costs, regional awareness gaps, and diverse regulatory landscapes. Coupled with technological strides and heightened awareness of enzyme benefits, the market is set for continued expansion, underscoring its significance in the future of global agriculture.
Agricultural Enzymes Market Trends
Cereals and Grains Holds Significant Shares by Crop Type
The adoption of agricultural enzymes is on the rise, particularly in the cultivation of cereals and grains. Environmental concerns about the overuse of chemicals in agriculture have highlighted the issue of chemical residues in crops. For example, FAO data from 2022 revealed that Antigua and Barbuda led in agricultural pesticide consumption, using over 36.59 kilograms per hectare of cropland, with Qatar closely following at 35.11 kilograms per hectare. This has driven a shift towards safer alternatives like enzymes. Additionally, the use of enzymes in cereal production has shown benefits such as improved moisture retention, increased root biomass, and faster organic matter decomposition, further encouraging their global adoption in cereal and grain cultivation.
Moreover, as consumers become more health-conscious, there is a noticeable shift towards organic foods to avoid the negative health effects associated with chemical preservatives. This trend has expanded the scope of organic farming. For instance, FibL data indicates that the organic area for cereals grew from 5.5 million hectares in 2021 to 5.6 million hectares in 2022. These developments underscore the increasing use of enzymes in organic farming. With the organic food industry growing and a strong emphasis on food safety, the adoption of agricultural enzymes in cereal and grain crops is set to increase, signaling a positive trend for the segment in the coming years.
North America Dominates the Market
North America leads the globe in the consumption of agricultural enzymes, with the United States taking the forefront. The U.S. agriculture sector swiftly adopts modern technologies. Factors such as rising costs of chemical inputs, their harmful impacts on soil and the environment, and an increased awareness of balanced plant nutrition are driving the demand for agricultural enzymes in the U.S. Additionally, strong government initiatives in the region further fuel this market's expansion. For instance, in August 2022, the U.S. Department of Agriculture (USDA) launched the USD 300 million Organic Transition Initiative, aiming to nurture the next generation of organic producers and strengthen organic supply chains. Such measures are likely to boost the adoption of bio-based inputs, including agricultural enzymes, thus broadening the market in North America.
Canada is witnessing a clear pivot towards bio-based agriculture, focusing on improved crop productivity and quality from the early growth stages. This rising inclination towards organic products, supported by government backing, is encouraging industry players to enhance their services in the region. For example, in March 2024, Novonesis expanded its partnership with FMC, appointing FMC as the exclusive distributor for select Novonesis agricultural bio-solutions in Canada, effective from the 2025 growing season. In Mexico, a growing appetite for organic and natural foods, coupled with a trend towards sustainable farming, has increased the demand for naturally sourced agricultural inputs. According to the 2023 Statistical Yearbook of Agricultural Production, over 54 thousand hectares in Mexico were dedicated to organic crops, with approximately 52 thousand hectares successfully harvested. These trends are poised to further drive the market's growth in the coming years. Thus, with supportive government measures and a rising emphasis on organic farming, the agricultural enzymes market is set to flourish during the forecast period.
Agricultural Enzymes Industry Overview
The Agricultural Enzymes market is moderately consolidated, with major players such as Bayer CropScience, Elemental Enzymes, Corteva Agriscience, Infinita Biotech Private Limited., and Syngenta AG occupying a significant market shares. The companies are adopting various strategic activities, such as product innovation, expansion, partnership, and mergers & acquisitions. The players are partnering with other companies to build a strong presence in the market while researching collaboratively.
Agricultural Enzymes Market Leaders
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Bayer CropScience AG
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Corteva Agriscience
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Syngenta AG
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Elemental Enzymes
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Infinita Biotech Private Limited
*Disclaimer: Major Players sorted in no particular order
Agricultural Enzymes Market News
- September 2024: AgIdea, which specializes in R&D services that transform pre-commercial technologies into solutions for safer and more eco-friendly agriculture, has partnered with Elemental Enzymes, known for its development of agricultural enzymes and biochemical solutions. The two companies have signed a three-year agreement to promote the screening of Elemental Enzymes' innovative technologies in the United States, with a particular focus on row crops.
- May 2024: Rizobacter BioSolucoes, a global leader in bio-innovation, has introduced 'RizoPower'. This product, designed for foliar application, is crafted from a blend of soy, corn, cotton, sugarcane, rice, and wheat. It features the innovative UBP molecule, a first in the bioactivator domain.
- February 2023: Zymtronix, a pioneer in cell-free process technologies, has announced a collaboration with Ginkgo Bioworks, a leader in cell programming and biosecurity platforms. This partnership aims to optimize the enzymes in Zymtronix's proprietary cell-free platform, enhancing the production of essential ingredients for the food, agriculture, cosmetics, and pharmaceutical industries.
Agricultural Enzymes Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions & Market Definition
1.2 Scope Of The Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Demand for Organic Food
4.2.2 Increasing Adoption of Biological Agricultural Products
4.2.3 Rising R&D and Market Strategies by Key Players
4.3 Market Restraints
4.3.1 Government Regulatory Barriers
4.3.2 High Demand for Chemical Products
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Enzyme Type
5.1.1 Phosphatases
5.1.2 Dehydrogenases
5.1.3 Ureases
5.1.4 Proteases
5.1.5 Other Enzyme Types
5.2 By Application
5.2.1 Crop Protection
5.2.2 Fertility
5.2.3 Plant Growth Regulation
5.3 By Crop Type
5.3.1 Grains and Cereals
5.3.2 Oil Seeds and Pulses
5.3.3 Fruits and Vegetables
5.3.4 Other Crop Types
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Russia
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 South Africa
5.4.5.2 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Bayer Cropscience AG
6.3.2 Syngenta AG
6.3.3 American Vanguard Corporation
6.3.4 Bioworks Inc.
6.3.5 Corteva Agrisciences
6.3.6 Infinita Biotech Private Limited
6.3.7 Creative Enzymes
6.3.8 Kemin Industries Inc
6.3.9 Novozymes Inc
6.3.10 Elemental Enzymes
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Agricultural Enzymes Industry Segmentation
Agricultural enzymes are bioactive proteins utilized instead of chemicals for food protection and production. They are also used for protection against various pests and diseases and crop fertility. The Agricultural Enzymes Market is Segmented by Enzyme Type (Phosphatases, Dehydrogenases, Ureases, Proteases, and Other Enzyme Types), Application (Crop Protection, Fertility, and Plant Growth Regulation), Crop Type (Grains and Cereals, Oilseeds and Pulses, Fruits and Vegetables, and Other Crop Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). The report offers market size and forecasts in terms of value (USD) for all the above segments.
| By Enzyme Type | |
| Phosphatases | |
| Dehydrogenases | |
| Ureases | |
| Proteases | |
| Other Enzyme Types |
| By Application | |
| Crop Protection | |
| Fertility | |
| Plant Growth Regulation |
| By Crop Type | |
| Grains and Cereals | |
| Oil Seeds and Pulses | |
| Fruits and Vegetables | |
| Other Crop Types |
| By Geography | |||||||||
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Agricultural Enzymes Market Research Faqs
How big is the Agricultural Enzymes Market?
The Agricultural Enzymes Market size is expected to reach USD 337.10 million in 2024 and grow at a CAGR of 6.5% to reach USD 461.80 million by 2029.
What is the current Agricultural Enzymes Market size?
In 2024, the Agricultural Enzymes Market size is expected to reach USD 337.10 million.
Who are the key players in Agricultural Enzymes Market?
Bayer CropScience AG, Corteva Agriscience, Syngenta AG, Elemental Enzymes and Infinita Biotech Private Limited are the major companies operating in the Agricultural Enzymes Market.
Which is the fastest growing region in Agricultural Enzymes Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Agricultural Enzymes Market?
In 2024, the North America accounts for the largest market share in Agricultural Enzymes Market.
What years does this Agricultural Enzymes Market cover, and what was the market size in 2023?
In 2023, the Agricultural Enzymes Market size was estimated at USD 315.19 million. The report covers the Agricultural Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Agricultural Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Agricultural Enzymes Industry Report
The Global Agricultural Enzymes Industry is witnessing significant market trends, driven by the increasing demand for sustainable agricultural practices. This industry report provides a comprehensive market analysis, covering various enzyme types such as phosphatases, dehydrogenases, ureases, proteases, and other enzyme types. The market size and market share are thoroughly examined, offering valuable insights into the market growth and market forecast for the coming years.
In terms of application, agricultural enzymes are utilized in crop protection, fertility enhancement, and plant growth regulation, contributing to the overall market value. The industry overview highlights the importance of these enzymes in improving crop yields and soil health, which are critical factors for the global market. The market segmentation includes grains and cereals, oilseeds and pulses, fruits and vegetables, and other crop types, providing a detailed market outlook for each segment.
Geographically, the market report covers North America, Europe, Asia-Pacific, South America, and the Middle East & Africa, offering a regional market review and insights into market leaders in each region. The industry analysis also includes industry statistics and industry trends, which are essential for understanding the current market dynamics and future market predictions.
This report example serves as a valuable resource for research companies and stakeholders looking to gain industry information and make informed decisions. The industry research emphasizes the growth rate of the agricultural enzymes market, supported by market data and industry sales figures. The report pdf is available for download, providing a detailed market review and industry outlook for the forecast period.
In summary, this market research offers a holistic view of the agricultural enzymes industry, covering market segmentation, market growth, and market predictions. It is an essential tool for understanding the market trends and making strategic decisions in the agricultural sector.
