Agricultural Enzyme is the catalyst that prompts chemical reactions that release nutrients that might otherwise remain chemically bound, which detoxify the soil. Recognizing the importance of enzymes, farmers have been extensively using these and the market for agricultural enzymes in the region is expected to show rapid growth.
The growing demand for agricultural produce, increasing focus on agriculture biotechnology and awareness on environment friendly agriculture practices are driving the regional agricultural enzymes market. Most of the agricultural enzymes application demand comes from crop processing and animal feed additives manufacturing industries. The cost effective production and application of enzymes also form a major reason for growth in the price sensitive markets. Increasing effort and investment in research and adoption of various modern farming practices hold opportunity of growth for the industry. Safety and quality of enzyme products and unclear regulations may create obstacles for the market growth in the region.
The agricultural enzymes market is segmented by strain types, application and crop types. On the basis of product types, the market is segmented into Carbohydrases, Proteases, Lipases, Polymerases & Nucleases; carbohydrases is the most popular with varied applications followed by proteases and lipases. Application of enzyme products is explained as per crop protection, fertility and growth enhancing products. Enzyme based pesticides and fertilizers help farmers to enjoy healthier crops and higher yields; direct application of agriculture enzymes into the field acts as agriculture input enhancers. Crop type application involves cereals and grains, and fruits and vegetables and oilseeds and pulses.
South America is expected to see fast growth with Brazil leading the growth in terms of demand. Though the market size is small, the demand growth would be impressive in countries like Argentina. The high growth livestock sector and the export oriented agriculture industry would derive maximum demand for agricultural enzymes in the region. The increasing farmersâ€™ awareness regarding issues related to agrochemicals and environmental safety will lead the market growth in those countries.
Many North America players are actively involved in the agricultural enzymes market of South America as a strategic move. Some of the major players active in the regional market are- Bioworks Inc., Adisseo France, Novozymes A/S, Syngenta AG and Advanced Enzyme Technologies etc. Increasing investment over product innovation and development has been the major long term strategy for the players in the recent past. North America leaders are strategically acquiring smaller, regional players in order to capture the regional markets with a customer specific approach and product lines.
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. KEY FINDINGS OF THE STUDY
3. MARKET OVERVIEW
3.1.1 Popularity of organic food consumption
3.1.2 Cost efficient application
3.1.3 Increased demand for biofuels
3.2.1 Regulatory constraints and enzyme safety
3.2.2 Issues related to patent farming
3.3.1 High investment in R&D
3.3.2 Rising consumer awareness
3.3.3 Adoption of modern Farming Practices and sustainability
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. MARKET SEGMENTATION
4.1 By Type
4.1.4 Polymerases & Nucleases
4.2 By Application
4.2.1 Crop Protection
4.2.3 Plant Growth Regulation
4.3 By Crop Type
4.3.1 Grains & Cereals
4.3.2 Oil seeds and pulses
4.3.3 Fruits & Vegetables
4.4 By Geography
4.4.1 South America
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Asahi Kasei Pharma
6.3 Adisseo France
6.4 Camson Bio Technologies Ltd.
6.5 Buckman Laboratories
6.6 Bioworks Inc.
6.7 Advanced Enzyme Technologies
6.8 Specialty Enzymes & Biotechnologies
6.10 Greenmax Agro Tech
6.11 Agrinos Inc.
6.12 Novozymes A/S
6.13 Stoller Inc.
6.14 Chr. Hansen
6.16 American Biosytems