Agricultural Enzymes Market Share, Growth & Forecast [2032]

Report Description

The global agricultural enzymes market size was USD 425.7 Million in 2023 and is likely to reach USD 987.5 Million by 2032, expanding at a CAGR of 9.8% during 2024–2032. The market growth is attributed to the ­­ increasing demand for organic and non-GMO crops.

Agriculture enzymes are biological catalysts used for increasing crop fertility.  They are used to improve crop yields, reduce environmental impact, and enhance the overall efficiency of farming practices. The enzymes are used as soil enzymes, plant enzymes, and fungal enzymes. Some of the common agriculture enzymes are amylases, proteases, lipase, and cellulases.

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The agriculture enzymes market refers to the global industry that produces, distributes, and applies enzymes in agricultural applications. The increasing focus on sustainable agriculture practices, such as organic farming and precision agriculture, is driving the demand for enzymes. Enzymes help reduce the use of synthetic fertilizers and pesticides, making them a key component of sustainable agriculture. For instance,

• In September 2022, Creative Enzymes has introduced Kex2 protease from Saccharomyces cerevisiae recombinant, a new addition to their portfolio of agricultural enzymes. As the demand for agricultural enzymes continues to rise, companies are increasingly focusing on launching natural products to meet the growing demand from farmers and the agricultural industry. This trend is driven by the need for sustainable and environmentally friendly solutions that improve crop yields and reduce waste.

Impact of Artificial Intelligence (AI) in Agricultural Enzymes Market

AI-powered sensors and monitoring systems predicts equipment failures, reducing downtime and increasing overall efficiency. AI-driven precision agriculture techniques, such as precision irrigation and fertilization, optimize crop growth and reduce waste. Furthermore, the data-driven decision making is expected to boost the market. AI analyzes large datasets to provide farmers with actionable insights, enabling data-driven decision making and improved crop yields

Agricultural Enzymes Market Dynamics

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Major Drivers

Increasing demand for organic and non-GMOs, due to high consumer demand for healthier and more sustainable food options is propelling the market. The agriculture enzymes help farmers produce high-quality, organic crops while reducing their environmental impact. Moreover, the increasing focus on food security and government initiatives is expected to boost the global market during the projection period.

Existing Restraints

Limited awareness and adoption of novel products by farmers on the crops is expected to hinder the global market during the forecast period. Furthermore, the high cost of production and development is restraining the global market. The development and production of enzymes costly, making it challenging for companies to enter the market.

Emerging Opportunities

Growing practice of sustainable agriculture such as organic farming and regenerative agriculture, is expected to drive the demand for enzymes improving soil health and reduce environmental impact. Moreover, the recent advancements in biotechnology such as gene editing and synthetic biology is expected to enable the development of new enzymes to improve soil health and reduce the environmental impact.

Scope of the Agricultural Enzymes Market Report

The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights

Regional Analysis

In terms of region, the global agricultural enzymes market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific dominates the global market in 2023 owing to the large agricultural sector. Asia-Pacific has extensive agricultural activities, particularly in countries such as, China and India, which are among the largest agricultural producers in the world. The region’s vast rural population and significant reliance on agriculture drive high demand for agricultural equipment, including pumps.

The market in North America is projected to grow at a significant pace in the years to come owing to advanced agriculture practices. North America, particularly the United States and Canada, has highly developed agricultural sectors that utilize advanced farming technologies. This includes sophisticated irrigation systems that rely on high-quality agricultural pumps to ensure efficiency and productivity. Additionally, the increasing partnership among key players is driving the regional market. For instance,

• In February 2024, Elemental Enzymes and Nutrien AG have formed a strategic partnership to develop innovative solutions to combat citrus greening in the North American market. This collaboration aims to leverage the strengths of both companies to create novel products and services that address the pressing issue of citrus greening, which is a significant threat to the citrus industry in North America.

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Enzyme Type Segment Analysis

Based on enzyme type, the agricultural enzymes market is divided into phosphatases, dehydrogenases, ureases, proteases, and others. The phosphatases segment held the largest share in the global market in 2023 owing to the crucial role in phosphorus availability. Moreover, the widespread application of phosphatases in maintaining soil health is boosting the segment. By breaking down organic matter, they release phosphorus, improving soil health and nutrient availability, which is vital for sustainable agricultural practices.

The ureases segment is anticipated to grow at a substantial CAGR during the forecast period due to the crucial role of ureases in nitrogen cycling. Furthermore, the high demand for nitrogen fertilization in agriculture for maintaining the high crop yield is boosting the segment. Ureases help in optimizing the use of nitrogen fertilizers, enhancing their efficiency and reducing losses due to volatilization and leaching.

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Product Type Segment Analysis

On the basis of product type, the global market is segregated into soil fertility products, control products, and growth enhancing products. The soil fertility products segment is anticipated to register a considerable CAGR in over the predicted period due to the fundamental role of these products in agriculture. Moreover, the high demand for nutrient management and wide range of applications is fueling the segment.

The growth enhancing products segment is projected to register a robust growth rate during the assessment years due to the direct impact on crop productivity.  Growth-enhancing products are often categorized as biostimulants, that gain popularity due to its ability to enhance plant vigor and resilience. This segment benefits from the increasing awareness and adoption of biostimulants in modern agriculture.

Crop Type Segment Analysis

On the basis of crop type, the agricultural enzymes market is segmented into grains & cereals, oilseeds & pulses, fruits & vegetables, and others. The grains & cereals segment register a robust growth rate in 2023 due to its high production volume. Grains and cereals, such as wheat, rice, maize, and barley, are staple crops grown extensively worldwide. They account for the largest share of global agricultural production, driving substantial demand for agricultural inputs, including enzymes. Furthermore, the large-scale farming of grains and cereals is boosting the segment.

The fruits & vegetables segment is expected to expand at a significant growth rate over the projection period due to it being the high-value crop. Fruits and vegetables are considered high-value crops due to their higher market prices and profitability compared to grains and cereals. Farmers invest more in inputs such as agricultural enzymes to maximize yield and quality.

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Application Segment Analysis

In terms of application, the agricultural enzymes market is divided into crop protection, fertility, and plant growth regulation. The fertility segment held the largest share in the global market in 2023 owing to due to the essential role of enzymes in nutrient availability. Moreover, the broad applicability of across various crops and alignment with sustainable farming practices for directly enhancing crop yields is fueling the segment.

The crop protection segment is anticipated to grow at a substantial CAGR during the forecast period owing to it being a crucial step for pest and disease management. Additionally, the development of resistance to traditional chemical is increasing the demand for biological solutions. Enzymes offer an effective and environmentally friendly alternative for pest and disease management.