11 June 2020: The agricultural enzymes market is likely to witness growth due to increased consumption of organic food. Agricultural enzymes are used in food protection and production instead of chemicals as it contains bioactive proteins. These agricultural enzymes are extensively used in biotechnological processing as they are biological catalysts. They are used for bio-processing of fibers, processing of crops, enzyme-assisted silage fermentation, crop residues, and to produce animal feed supplements.
High Demand for Cereals and Grains to Drive the Growth
Based on crop type, the market is segmented as turf & ornamentals, oilseeds & pulses, cereals & grains, fruits & vegetables, and others. Enzymes play a significant part in the processing of cereals as they are used to prevent crop diseases and strengthen the quality. Increased demand for cereals and grains all around the world is a major factor driving the growth of the agricultural enzymes industry.
Pesticides that are used on crops cause harmful effects on living organisms along with degrading the environment. Growing concerns of the uses of chemicals in agriculture has resulted in consumers preferring organic fruits and vegetables due to increasing awareness regarding health consciousness. The implementation of stringent government rules and regulations for curbing the use of chemicals and pesticides on crops is expected to have positive impact on the agriculture sector.
Consumption of organic foods and fruits such as strawberries, banana, apple, etc. has many health benefits in reducing inflammation, preventing cancer, and enhancing the immunity. These factors are likely to drive the growth of the agricultural enzymes products over the years.
Consumption of oilseed in rapeseed and palm kernel is also expected to spur the demand for pulses and oilseed segment. Demand for biofuel and vegetable oil is responsible for propelling the growth of the segment.
Market Insights
The rising popularity of organic foods is a major driving factor for the global industry growth. Other factors, such as increased usage of bio-products in agriculture are likely to be a major boost for the market. By developing high-quality products for customers, manufacturers are inclined to provide sustainable industrial agriculture choice to consumers creating opportunities for generating revenue and contributing to the growth of the agricultural enzymes industry.
Some of the major leading companies of the agricultural enzymes market include Syngenta; Novozymes; BASF; Enzyme India Pvt. Ltd.; Creative Enzyme; Aum Enzyme; Afrizymes; Specialty Enzymes & Biotechnologies; Cypher Environmental; and American Biosystems, Inc.
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