Agricultural Enzymes Market Overview

Agricultural Enzymes are the necessary bioactive proteins in preserving soil health and its environment. When Agricultural Enzymes are applied to the soil, billions of chemical reactions begin to take place immediately. In the process they detoxify soils that have been poisoned by excessive applications of chemical fertilizers, herbicides, and pesticides, neutralize both acid and alkaline soils, loosen heavy clay soils, and even penetrate hardpan. 

Competitive analysis

The major players in the Agricultural Enzymes Market Trends

• Bayer Cropscience AG (Germany)
• Monsanto Company (U.S.)
• DuPont (U.S.)
• Syngenta AG (Switzerland)
• BASF (Germany)
• Novozymes A/S (Denmark)
• Koninklijke DSM N.V. (The Netherlands)

Market Forecast

Agricultural Enzymes help in improving fertility, crop protection, and plant growth regulation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the Agricultural Enzymes market. Moreover, rising demand for natural and organic food followed by increasing awareness towards hazardous properties of pesticides and other chemicals used in agricultural have raised the demand for Agricultural Enzymes over past few years.

Growing acceptance of modern farming is adding fuel to the growth of Agricultural Enzymes market. Owing to improving the efficiency of agricultural enzymes, major players are investing in research and development which is further boosting the growth of global Agricultural Enzymes market. Cost efficiency is another driver driving the growth of the market. However, the uncertain regulatory environment may hamper the growth of the market. 

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Downstream analysis

On the basis of type, Agricultural Enzymes market is segmented into phosphatases, proteases, sulfatases, and others. Among all, the phosphatases segment is anticipated to be the fasting growing segment over the forecasted period. Phosphatases have an ability to solubilize soil mineral elements.

On the basis of application, Agricultural Enzymes market is segmented into grains & cereals, oil seeds & pulses, fruits & vegetables and others. Among all, the grains & cereals segment is projected to dominate the market. Agricultural Enzymes are used for most of the cereal crops to enhance their yield as they fertilize the soil and enhance plant growth.

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Regional Analysis

The global Agricultural Enzymes market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is accounted to hold the highest share of agricultural enzymes. Europe is estimated to have a moderate expansion in the market share of Agricultural Enzymes over the estimated period.

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Agricultural Enzymes Market Overview

Agricultural Enzymes are the necessary bioactive proteins in preserving soil health and its environment. When Agricultural Enzymes are applied to the soil, billions of chemical reactions begin to take place immediately. In the process they detoxify soils that have been poisoned by excessive applications of chemical fertilizers, herbicides, and pesticides, neutralize both acid and alkaline soils, loosen heavy clay soils, and even penetrate hardpan.

Competitive analysis

The major players in the Agricultural Enzymes Type Market

• Bayer Cropscience AG (Germany)
• Monsanto Company (U.S.)
• DuPont (U.S.)
• Syngenta AG (Switzerland)
• BASF (Germany)
• Novozymes A/S (Denmark)
• Koninklijke DSM N.V. (The Netherlands)

Market Forecast

Agricultural Enzymes help in improving fertility, crop protection, and plant growth regulation. Increasing population and growing demand for food have led to high agricultural productivity which is driving the growth of the Agricultural Enzymes market. Moreover, rising demand for natural and organic food followed by increasing awareness towards hazardous properties of pesticides and other chemicals used in agricultural have raised the demand for Agricultural Enzymes over past few years.

Growing acceptance of modern farming is adding fuel to the growth of Agricultural Enzymes market. Owing to improving the efficiency of agricultural enzymes, major players are investing in research and development which is further boosting the growth of global Agricultural Enzymes market. Cost efficiency is another driver driving the growth of the market. However, the uncertain regulatory environment may hamper the growth of the market. 

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Downstream analysis

On the basis of type, Agricultural Enzymes market is segmented into phosphatases, proteases, sulfatases, and others. Among all, the phosphatases segment is anticipated to be the fasting growing segment over the forecasted period. Phosphatases have an ability to solubilize soil mineral elements.

Based on the function, Agricultural Enzymes market is segmented into fertility, crop protection, and plant growth regulation. Among all, the fertility segment is dominating the market. However, the plant growth regulation segment is projected to grow substantially over the forecast period.

On the basis of application, Agricultural Enzymes market is segmented into grains & cereals, oil seeds & pulses, fruits & vegetables and others. Among all, the grains & cereals segment is projected to dominate the market. Agricultural Enzymes are used for most of the cereal crops to enhance their yield as they fertilize the soil and enhance plant growth.

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Regional Analysis

The global Agricultural Enzymes market is segmented into North America, Europe, Asia Pacific and rest of the world (RoW). North America is accounted to hold the highest share of agricultural enzymes. Europe is estimated to have a moderate expansion in the market share of Agricultural Enzymes over the estimated period.

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Feed Enzymes Market Scenario:

The Global Feed Enzymes Market is projected to propel by increasing awareness regarding available health benefits to farm animals from the feed enzymes. Increased awareness about the feed enzymes has raised the bar of feed quality, which, in turn, has increased the share of global feed enzyme market. The global feed enzymes market is expected to grow at a CAGR of 9.2% during the forecast period 2017-2023. 

Increasing demand for animal feed products with high protein content is driving the growth of the Feed Enzymes Type Industry. Furthermore, advance processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the market. The market players are responding to these new opportunities by expanding their service offerings/product lines, which has boosted the share of feed enzymes in the global market.

Market Definition:

Feed Enzymes are either plant-derived or chemical ingredients used to boost the quality of the animal nutrition as well as nutritional properties of the animal fodder. The feed enzyme helps to stimulate and secrete digestive enzymes, which, in turn, boost an immune response. Additionally, feed enzymes market is observing an exponential growth based on its high usage in the feed industry. Rising health concerns is one of the major factors contributing to the growth of the global feed enzymes market.

Key Players

Some of the key players profiled in the feed enzymes market: BASF SE (Germany), E. I. du Pont de Nemours and Company (U.S.), Associated British Foods plc (U.K), Koninklijke DSM N.V. (the Netherlands), Behn Meyer Holding AG (Germany), Adisseo France SAS (France), Azelis Holding S.A. (Belgium), Novus International, Inc. (U.S.), Rossari Biotech Ltd. (India), and Alltech, Inc. (U.S.)

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Regional Analysis:

The Global Feed Enzymes Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). The North American region is dominating the feed enzymes market followed by the Asia Pacific owing to rising population followed by increasing consumption of poultry and meat products in developing regions. Moreover, China is the major exporter of poultry and meat, which, in turn, drives the market of feed enzymes in the Asia Pacific region.

Key players in the feed enzymes market are largely located in North America and Europe. Key players following strategies of merger and acquisition with small players to expand their business in other regions due to increasing demand for feed enzymes in the animal feed industry.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services.

Diagnostic Specialty Enzymes Market – Snapshot

Enzymes are natural biocatalysts, produced and harvested from living organisms such as plants, animals, bacteria, and fungi. Diagnostic specialty enzymes are used in low volume and high value-added applications. Applications of diagnostic specialty enzymes include clinical chemistry, molecular diagnostics, and immunoassay. Based on product, the global diagnostic specialty enzymes market has been segmented into protease, carbohydrases, polymerases & nucleases, lipase, and others. The global diagnostic specialty enzymes market was valued at US$ 686.2 Mn in 2017 and is anticipated to expand at a CAGR of 7.5% from 2018 to 2026 to reach US$ 1401.7 Mn by 2026.

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Rapid growth of the global diagnostic specialty enzymes market is attributed to increase in the use of enzymes in biotech & diagnostic applications, surge in investment, rise in prevalence of chronic, infectious, and lifestyle diseases, and early and instant diagnosis of life threatening diseases. The number of patients inflicted with infectious diseases and other lifestyle diseases are increasing. For instance, the data compiled from the CDC, the WHO, The American Heart Association, the International Diabetes Federation, and Partnership for a Healthier America indicated that 33.5% of people in the U.S. suffer from high cholesterol and 387 million adults have diabetes due to which there are about 17.3 million deaths per year.

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Specialty enzymes are employed in various diagnostic applications such as DNA manipulation and sequencing. Decline in cost of DNA manipulation and sequencing is projected to drive demand and increase usage of enzymes in research and biotechnology and diagnostic applications. Increase in geriatric population in the developed countries is also anticipated to propel demand for diagnostic enzymes. Diagnostic and research & biotechnology enzymes will witness the fastest growth, as advances in diagnostic tests due to decline in DNA sequencing costs are likely to lead to increase in testing in agricultural, food, and medical applications. Moreover, large pharmaceutical companies continue to boost research and development spending on biologics to expand their new drug pipelines.

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The global diagnostic specialty enzymes market is in the growth stage. Major players such as Codexis, Inc., Amano Enzymes, Inc., Biocatalysts Ltd., and Advanced Enzymes Technologies Ltd. have strong presence in the global diagnostic specialty enzymes market. In the past few years, the global diagnostic specialty enzymes market has witnessed high investments by various multinational enzyme manufacturers such as F. Hoffmann-La Roche Ltd., Novozymes, Codexis, and Biocatalysts. The global market is driven by continued investment in biotechnology and genetics, as pharmaceutical companies rely on biotechnology to overcome difficulties in bringing successful new small molecule drugs to the market. For example, in 2017, Codexis, Inc. spent US$ 29.6 Mn on research and development (25% higher than that in 2016). The company primarily invests in research and development for the development of diagnostic enzymes. Additionally, rapid medical devices provide instant results and preferred by majority of people for early diagnosis of diseases. Early diagnosis enables people to avail better treatment options. The Clinical Infectious Disease division of Oxford Journals stated that every year thousands of adults and adolescents die or are hospitalized due to diseases that could have been prevented by vaccination.

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The global diagnostic specialty enzymes market has been segmented based on product, application, and region. In terms of product type, the market has been classified into carbohydrates, oxidases, polymerases and nucleases, protease, lipase and others. The polymerases and nucleases segment is projected to lead the market and is expected to continue to dominate the market during the forecast period. Rise in usage of polymerase and nuclease enzymes in advanced biotech applications such as DNA sequencing and DNA amplification fuel the growth of the segment. The oxidases segment is likely to lose market share during the forecast period. In terms of application, the clinical chemistry segment is expected to continue to dominate the market from 2018 to 2026. Blood glucose monitoring was the leading sub-segment of the clinical chemistry segment in 2017 and is likely to account for major share during the forecast period.