Agricultural Enzymes Market Increasing Demand, Growth Analysis and Future Outlook by 2031/ BASF SE, Corteva Agriscience, DSM, DuPont de Nemours, Inc., and Novozymes

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. 

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. 

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·                  By Enzyme type

·                  By Crop Type

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape includes BASF SE, Corteva Agriscience, DSM, DuPont de Nemours, Inc., and Novozymes among others.

Agricultural Enzymes Market Report Segment

By Enzyme type

•                 Proteases

•                 Amylases

•                 Lipases

•                 Cellulases

•                 Dehydrogenases

•                 Others (Phosphatases, Ureases)

By Crop Type

•                 Cereals and grains

•                 Oilseeds and pulses

•                 Fruits and vegetables

•                 Turf and ornamentals

•                 Others (Legumes, Forage crops)

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Agricultural Enzymes Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 AB Enzymes GmbH

•                 Aries Agro Ltd.

•                 Ashland Inc.

•                 Bayer AG

•                 BioResource International, Inc.

•                 Chr. Hansen

•                 Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL)

•                 Dyadic International, Inc.

•                 Enzyme Development Corp.

•                 Evonik Industries AG

•                 Kerry Group plc

•                 Lonza

•                 Meihua biotechnology group Co.,Ltd

•                 Nagase & Co., Ltd

•                 Syngenta Crop Protection AG

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