Market Trends of North America Agricultural Enzymes Industry
This section covers the major market trends shaping the North America Agricultural Enzymes Market according to our research experts:
Rising demand for Organic Products
North America continues to be the region with the largest organic market, according to the Research Institute of Organic Agriculture (FiBL), in 2017, the organic market continued to grow in North America, reaching USD 48.22 billion. In Canada, the organic market grew by over 9% in 2017, while it grew by 6% in the United States. In 2017, per capita, spending on organic products was USD 136.8 in the United States while in Canada it was USD 93. Canada reported an organic share of the total retail sales of 2.6 %, and in the United States, an organic share of 5.5 % was noted in the same year. According to the Organic Trade Association, in 2018, the United States is the largest single organic market in the world, accounting for USD 52.5 billion grew 6.3% from the previous year. Organic food sales in the United States rose by 5.9% to reach USD 47.9 billion. Organic food sales made up 5.7% of overall U.S. food sales, which rose 2.3% in 2018.
Cereal and Grains Dominates the Market
Starches are the principal constituents of the cereal grains and the numerous food applications of cereal starches are driving the production of cereals in the region. According to the Research Institute of Organic Agriculture (FiBL), in 2017, the key organic arable crop group is cereals, with approximately 546,000 hectares, representing almost 39% of the region's organic arable area, and 0.8% of the total cereal area in the region. Whereas organic vegetables were grown on 70,000 hectares of land a 7.5% of the total vegetables in the region, with leafy/stalked vegetables (nearly 25,000 hectares) and other fruit vegetables over 15'000 hectares being the key produced vegetables in the same year. The key organic cereal grown in the region was wheat with more than 154,000 hectares, this represented 0.6%of the total wheat grown in the region. In the United States, over 281'000 hectares of organic cereals were grown, and Canada reported almost 264'500 hectares. Thus the rising demand for organic or chemical-free products and the wider application of cereals in various industries such as food, feed, and confectionaries will further drive the production which will in turn impact the agricultural enzyme market positively.
