Agricultural Enzymes Market to Reach $631.53 Million by 2023 - Market Data Forecast
Agricultural Enzymes Market By Product Type, By Crop Type, By Enzyme Type And By Region – Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023
(EMAILWIRE.COM, November 23, 2018 ) Agricultural Enzymes Market Overview
Agricultural enzymes are biological catalysts which are used thoroughly in agricultural based biotechnological processing, like processing of crops and crop residues, enzyme-assisted silage fermentation, bio-processing of fibers, and production of a lot of animal feed supplements.
Technological progress in the field of agricultural enzymes has boosted both the application of agricultural enzymes such as advent of phytases which enhances the nutritional content of the food grains as well as silage fermentation and manufacturing capacity. Some of the chief types of enzymes used for crop growth and soil fertility are dehydrogenases, phosphatases and sulfatases. Key companies in the sector have discovered technologies for producing the enzymes from microorganisms. The microorganisms which are used for production grow in closed steel tanks, which contain nutrients such as starch, soy, sugar, and corn. These microorganisms expand the crop yields and reduce the use of pesticides in the production of food.
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The driving factors of global Agricultural Enzymes market are rising demand for organic and natural food, growing awareness towards hazardous properties of pesticides and chemicals which are used in agriculture, growing agriculture industry and increasing awareness about organic farming among others are fueling the agricultural enzymes market.
Agricultural Enzymes Market Forecast Report (2018-2023)
Agricultural Enzymes Market was worth USD 364 million in 2018 and estimated to be growing at a CAGR of 11.65%, to reach USD 631.53 million by 2023.
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Agricultural Enzymes Market Segmentation
The global Agricultural Enzymes market is segmented based on product type into growth enhancing products, control products and fertility products. On the basis of crop type, the market is categorised into oilseeds and pulses, cereals and grains, fruits and vegetables, turf and ornaments and other crop types. Cereals and grains segment is expected to have the largest market share in the segment while oilseeds and pulses are expected to grow at the fastest rate. By enzyme type, the market is divided into dehydrogenases, sulfatases, phosphatases and other enzyme types.
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The Global Agricultural Enzymes market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading Agricultural Enzymes market in the world, which is followed by Asia Pacific and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period due to rising demographics in developing parts of the region such as China and India.
Major Players:
The major companies dominating this market for its products and services are
• BASF,
• Novozymes,
• Syngenta,
• Creative Enzyme,
• Enzyme India Pvt. Ltd.,
• Afrizymes,
• Aum Enzyme,
• Cypher Environmental,
• Specialty Enzymes & Biotechnologies,
• American Biosystems, Inc.
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About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
Agricultural enzymes are biological catalysts which are used thoroughly in agricultural based biotechnological processing, like processing of crops and crop residues, enzyme-assisted silage fermentation, bio-processing of fibers, and production of a lot of animal feed supplements.
Technological progress in the field of agricultural enzymes has boosted both the application of agricultural enzymes such as advent of phytases which enhances the nutritional content of the food grains as well as silage fermentation and manufacturing capacity. Some of the chief types of enzymes used for crop growth and soil fertility are dehydrogenases, phosphatases and sulfatases. Key companies in the sector have discovered technologies for producing the enzymes from microorganisms. The microorganisms which are used for production grow in closed steel tanks, which contain nutrients such as starch, soy, sugar, and corn. These microorganisms expand the crop yields and reduce the use of pesticides in the production of food.
Request for Sample @ https://www.marketdataforecast.com/market-reports/agricultural-enzymes-market-3996/request-sample
The driving factors of global Agricultural Enzymes market are rising demand for organic and natural food, growing awareness towards hazardous properties of pesticides and chemicals which are used in agriculture, growing agriculture industry and increasing awareness about organic farming among others are fueling the agricultural enzymes market.
Agricultural Enzymes Market Forecast Report (2018-2023)
Agricultural Enzymes Market was worth USD 364 million in 2018 and estimated to be growing at a CAGR of 11.65%, to reach USD 631.53 million by 2023.
Browse Report Brief and TOC @ https://www.marketdataforecast.com/market-reports/agricultural-enzymes-market-3996/
Agricultural Enzymes Market Segmentation
The global Agricultural Enzymes market is segmented based on product type into growth enhancing products, control products and fertility products. On the basis of crop type, the market is categorised into oilseeds and pulses, cereals and grains, fruits and vegetables, turf and ornaments and other crop types. Cereals and grains segment is expected to have the largest market share in the segment while oilseeds and pulses are expected to grow at the fastest rate. By enzyme type, the market is divided into dehydrogenases, sulfatases, phosphatases and other enzyme types.
Buy now @ https://www.marketdataforecast.com/market-reports/agricultural-enzymes-market-3996/
The Global Agricultural Enzymes market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading Agricultural Enzymes market in the world, which is followed by Asia Pacific and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period due to rising demographics in developing parts of the region such as China and India.
Major Players:
The major companies dominating this market for its products and services are
• BASF,
• Novozymes,
• Syngenta,
• Creative Enzyme,
• Enzyme India Pvt. Ltd.,
• Afrizymes,
• Aum Enzyme,
• Cypher Environmental,
• Specialty Enzymes & Biotechnologies,
• American Biosystems, Inc.
Customize Report @ https://www.marketdataforecast.com/market-reports/agricultural-enzymes-market-3996/customize-report
About Us
Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: www.marketdataforecast.com
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results