Research Nester published a report titled “Agricultural Enzymes Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global agricultural enzymes market in terms of market segmentation by type, crop type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global agricultural enzymes market is projected to grow at a CAGR of ~12% by attaining a substantial revenue during the forecast period, i.e., 2022 – 2031. Factors such as, increasing awareness of organic methodology in cultivation, higher utilization of agro-biochemical, and rising prices of agro-chemicals are projected to propel the growth of the market over the forecast period. A report by World Bank demonstrated that the agriculture sector can provide food for 9.7 billion people during the forecast period.
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Additionally, the global agricultural enzymes market is segmented by crop type, into cereals & grains, fruits & vegetables, pulses & oilseeds, and others. Out of these sub-segments, the cereals & grains segment is anticipated to largest share in the market during the forecast period. The segment is forecasted to grow on the back of regular consumption of grains and cereals.
Furthermore, the global agricultural enzymes market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is projected to grow over the forecast period on the back of the presence of large farms. Moreover, rising concern toward climate change, growing agriculture biotechnology, and the presence of a considerable number of the major key players in the region are estimated to propel the market growth. U.S. Department of Agriculture released a set of data showing that in 2020, there were 2.02 million farms available solely in the USA expanding over the 897 acres of land. All these factors are estimated to hike the growth of the market throughout the forecast period.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
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Growing Agriculture Biochemical Industry to Propel the Growth of the Market
The biochemical industry comprises the development and manufacturing of multiple types of chemicals used in crop fields. Biochemical refers to the secondary metabolites which are produced by the plants or some plant-related microbes. Hence, the growth in the biochemical industry is expected to boost the growth of the market over the forecast period.
However, the availability of the alternative product in the market is expected to operate as a key restraint to the growth of the global agricultural enzymes market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global agricultural enzymes market which includes company profiling of Adisseo Group, Soufflet Group, GreenMax AgroTech, BioResource International, Inc., Specialty Enzymes & Probiotics, Agrinos India Pvt. Ltd., Enzymatic Deinking Technologies, LLC, Hayashibara Co., Ltd, Bioworks Inc, and Stoller USA, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global agricultural enzymes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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