The global agricultural enzymes market is anticipated to grow at a considerable CAGR of 8.25% during the forecast period. The increasing government support for sustainable agriculture practices is a key driver for the growth of the market. For example the US government provides support for the use of agricultural enzymes through its Sustainable Agriculture Research and Education (SARE) program. SARE is a competitive grant program that supports research, education, and extension projects that promote sustainable agriculture practices. In 2022, SARE awarded a grant to a team of researchers at the University of California, Davis to study the use of agricultural enzymes to improve the efficiency of nutrient uptake in crops. The researchers are developing new agricultural enzyme products that are specifically designed to help crops absorb more nutrients from the soil.
Browse the full report description of “Agricultural Enzymes Market Size, Share & Trends Analysis Report Market by Enzyme type(Proteases, Amylases, Lipases, Cellulases, Dehydrogenases, and Others), Crop type (Cereals and grains, Oilseeds and pulses, Fruits and vegetables, Turf and ornamentals, and Others) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/agricultural-enzymes-market
The Indian government is promoting the use of agricultural enzymes through its National Mission on Sustainable Agriculture. This program provides subsidies to farmers for the purchase of agricultural enzymes, as well as other financial assistance. In recent years the Indian government allocated INR 100 crore (approximately US$13 million) to the National Mission on Sustainable Agriculture. This funding will be used to support a variety of sustainable agriculture practices, including the use of agricultural enzymes.
The European Union is also promoting the use of agricultural enzymes through its Common Agricultural Policy (CAP). The CAP provides income support. A new CAP reform cuts the link between subsidies and production. Farmers now receive an income support, on condition that they look after the farmland and fulfil food safety, environmental, animal health and welfare standards.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Enzyme type
o By Crop Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape includes BASF SE, Corteva Agriscience, DSM, DuPont de Nemours, Inc., and Novozymes among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Agricultural Enzymes Market Report Segment
By Enzyme type
By Crop Type
Global Agricultural Enzymes Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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