Agricultural Enzymes Market

Agricultural Enzymes Market Size by Type (Lipases, Proteases, Carbohydrases, Polymerases, and Nucleases), By Crop Type (Grains and Cereals, Pulses and Oilseeds, Vegetables and Fruits, Ornamentals and Turfs, and Others), By Product Type (Growth Enhancing Products, Control Products, and Fertility Products), Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Base Year: 2021 Historical Data: 2019-20
  • Report ID: TBI-13059
  • Published Date: Nov, 2022
  • Pages: 235
  • Category: Chemicals & Materials
  • Format: PDF
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The agricultural enzymes market was estimated at around USD 386 million in 2021, growing at a CAGR of nearly 9% during 2022-2030. The market is projected to reach approximately USD 835 million by 2030.

Agricultural Enzymes Market: Overview

Proteins that operate as enzymes are biological catalysts that quicken chemical reactions. Agricultural enzymes act as a catalyst to release the nutrients in the soil that are locked up and make them accessible to plant roots. These enzymes take the place of the chemicals that are needed to produce and protect food. Without a farming enzyme, these nutrients would have stayed in the soil and been inaccessible to the plants. Increased plant productivity and quality are made possible by the use of agricultural enzymes in the feed. These enzymes improve crop fertility and shield plant growth from pests and disease. Agricultural enzymes are biological catalysts that are extensively employed in biotechnological processing, such as the bioprocessing of fibers, processing of crops and agricultural residues, enzyme-assisted silage fermentation, and creation of numerous animal feed supplements. Oilseeds, pulses, fruits and vegetables, grains, and cereals can only grow when enzymes are present. A progressive increase in popularity of agricultural enzymes can be attributed to their ability to improve product quality.

Since their use increases crop output, they are commonly used in the agricultural sector. When a plant is young, it accelerates the sprouting and rooting processes and aids in humifying plant waste. Agricultural enzymes are widely employed because they aid in the fight against food shortages, climate change, and land degradation. The development of phytases and the fermentation of silage are two examples of how technological advancements in the field of agricultural enzymes have increased their production and use.

Agricultural Enzymes Market Size

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Agricultural Enzymes Market: COVID – 19 Impact Analysis

Numerous businesses throughout the world have been impacted by the COVID-19 outbreak. The market for agricultural enzymes is not an exception. In attempt to slow the rapid spread of COVID-19, governments all over the world employed drastic steps like border seals, lockdowns, and the implementation of tight social distancing measures. These acts had a significant negative influence on the world economy, harming a number of industries. The influence of COVID-19 on the agricultural enzymes market globally is minimal. Despite the pandemic epidemic, there was a global trend toward sustainable and organic farming, which fueled market expansion. However, the early global supply disruptions had a detrimental effect on the market in the first few months of 2020.

Agricultural Enzymes Market: Growth Drivers

Increasing interest in organic food to accelerate the market’s growth

The need for agricultural enzymes has risen over time as a result of the increasing global demand for organic food and public awareness of the dangers of pesticides. Organic agricultural enzymes make it possible to produce inspected, high-quality food that is also safe. As a result, it maintains a healthy ecosystem and offers substantial economic and environmental benefits. Additionally, one of the major factors driving the growth of the agricultural enzyme market is the global rise in biochemical poisoning instances, which is raising more and more health concerns. In organic cuisine, it serves as a driver alternative. Due to the toxic effects of chemical pesticides found in food products, consumers are becoming more health-conscious. Chemical pesticides in food products have the potential to affect hormones, cause cancer, and result in congenital abnormalities. The acceptance of organic food items has increased as a result of customers' increasing awareness of the use of pesticides and fertilizers in farm-grown veggies. Enzymes possess properties that enable them to function at low concentrations, low temperatures, mild pH levels, and with little water Enzymes are a favored option in organic and sustainable farming due to their biodegradability. Additionally, the increased usage of natural biological products such agricultural enzymes resulted in a rise in organic food sales of nearly 2% in 2021, reaching USD 57.5 billion.

Growing population, and advancements to drive the market

The rapid population expansion, and the rise in the requirement for food security are the major drivers driving the growth of the worldwide agricultural enzymes market. Modern technology that conserves energy and water is being used to generate agriculture enzymes. Manufacturers like Novozymes A/S and Monsato have joined together to create and market microbial solutions that potentially increase agricultural output through the BioAg Alliance. the fungus and bacteria that are present in nature and comprise the biological products created by this alliance.

Agricultural Enzymes Market: Segmentation Analysis

The agricultural enzymes market is segmented into the crop type, type, and product type. Based on crop type, the market for cereals and grains segment is estimated to lead the market during the forecast period. For a substantial portion of the global population, particularly in the Asia-Pacific region, rice is the most popular staple meal. Rice is the second most widely produced grain in the world, after maize. The demand for cereals and grains is influenced by a variety of factors, including urbanization, changing lifestyles, increased income, and calorie needs. For the majority of cereal crops, agricultural enzymes are employed to increase production while fertilizing the soil and promoting plant growth. The global demand for cereals and grains is anticipated to increase as cereals are grown in the majority of nations.

By product type, the fertility products segment is anticipated to dominant the agricultural enzymes market during the forecast period. The soil is the primary source of nutrients for plants, aids in biological processes, and protects both plants and groundwater. The main fertility indicator is soil enzyme activity, which changes in response to weather variations, industrial waste, and agricultural pesticides.

Report Scope

Attribute Description
Market Size USD Million
Agricultural Enzymes Market CAGR 9%
Base Year 2021
Forecast 2022-2030
Segments

By Crop Type
By Product Type
By Type

Report Coverage Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends
Regional scope North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
  • Based on crop type segmentation, the cereals and grains segment is estimated to hold the largest market share during the forecast period.
  • Based on product type segmentation, the fertility products segment is the leading revenue-generating category during the forecast period.
  • Based on the type, Lipases segment witness major growth rate during the forecast period.
  • On the basis of geography/region, the North America region was the leading revenue generator in 2021.

Recent Development

  • March 2021: In addition to launching peptide-based bio insecticide on additional specialty crops across North America, Nutrien Ag Solutions also announced a cooperation with Elemental.
  • March 2021: Elemental Enzymes, a life sciences firm creating cutting-edge biotechnology and enzyme solutions, joined forces with Corteva Agrisciences. A new bio fungicide for a variety of row crops, including soybeans, cereals, corn, oilseeds, rice, and sugarcane, as well as turf and ornamental uses, was added to the firms' multi-year global agreement.

Regional Landscape

North America is anticipated to remain one of the most appealing markets throughout the projection period, and this region accounts for the majority revenue share in the market. Due to rising public interest in eating organic foods, which encourages farmers to switch to the use of chemical-free/safe pesticides, North America will continue to maintain a sizable market share globally throughout the forecast period. Additionally, the market is dominated by the divisions of cereals and grains because of the increased organic production spurred by its widespread use in a variety of North American industries. Additionally, it is anticipated that the employment of diverse methodologies at R&D centers for enzyme development will increase demand for agricultural enzymes in the area.

List of the prominent players in the Global Agricultural enzymes market:

  • BASF SE
  • Creative Enzyme
  • Enzyme India Pvt. Ltd.
  • Novozymes A/S
  • Syngenta Crop Protection AG
  • Cypher Environmental LTD
  • Afrizymes (Pty) Ltd.
  • Specialty Enzymes & Biotechnologies
  • Advanced Enzyme Technologies
  • American Biosystems  

The global Agricultural enzymes market is segmented as follows:

By Crop Type

  • Grains and Cereals
  • Pulses and Oilseeds
  • Vegetables and Fruits
  • Ornamentals and Turfs
  • Others

By Product Type

  • Growth Enhancing Products
  • Control Products
  • Fertility Products

By Type

  • Lipases
  • Proteases
  • Carbohydrases
  • Polymerases
  • Nucleases

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Crop Type
          4.3.3. Market Attractiveness Analysis By Product Type
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing interest in organic food to accelerate the market’s growth
          5.2.2. Growing population, and advancements to drive the market
    5.3. Restrains
          5.3.1. Stringent regulations barriers would hamper the market
    5.4. Opportunities
          5.4.1. Opportunities are offered by arable land

6. Global Agricultural Enzymes Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Lipases
    6.3. Proteases
    6.4. Carbohydrases
    6.5. Polymerases
    6.6. Nucleases

7. Global Agricultural Enzymes Market Analysis and Forecast, By Crop Type
    7.1. Segment Overview
    7.2. Grains and Cereals
    7.3. Pulses and Oilseeds
    7.4. Vegetables and Fruits
    7.5. Ornamentals and Turfs
    7.6. Others

8. Global Agricultural Enzymes Market Analysis and Forecast, By Product Type
    8.1. Segment Overview
    8.2. Growth Enhancing Products
    8.3. Control Products
    8.4. Fertility Products

9. Global Agricultural Enzymes Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
          9.3.6. Rest of Europe
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
          9.4.4. Australia
          9.4.5. South Korea
          9.4.6. Rest of Asia-Pacific
    9.5. South America
          9.5.1. Brazil
          9.5.2. Argentina
          9.5.3. Rest of South America
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa
          9.6.3. Saudi Arabia
          9.6.4. Rest of Middle East & Africa

10. Global Agricultural Enzymes Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Agricultural Enzymes Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Type Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. BASF SE
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Type Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Creative Enzyme
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Type Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Enzyme India Pvt. Ltd.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Type Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Novozymes A/S
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Type Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Syngenta Crop Protection AG
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Type Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Cypher Environmental LTD
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Type Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Afrizymes (Pty) Ltd.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Type Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Specialty Enzymes & Biotechnologies
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Type Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Advanced Enzyme Technologies
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Type Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. American Biosystems
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Type Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

2. Global Lipases Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

3. Global Proteases Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

4. Global Carbohydrases Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

5. Global Polymerases Agricultural Enzymes Market, By Region, 2022-2030 (USD Million)

6. Global Nucleases Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

7. Global Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

8. Global Grains and Cereals Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

9. Global Pulses and Oilseeds Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

10. Global Vegetables and Fruits Agricultural Enzymes Market, By Region, 2022-2030 (USD Million)

11. Global Ornamentals and Turfs Agricultural Enzymes Market, By Region, 2022-2030 (USD Million)

12. Global Others Agricultural Enzymes Market, By Region, 2022-2030 (USD Million)

13. Global Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

14. Global Growth Enhancing Products Agricultural Enzymes Market, By Region, 2022-2030 (USD Million)  

15. Global Control Products Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

16. Global Fertility Products Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

17. Global Agricultural Enzymes Market, By Region, 2022-2030 (USD Million) 

18. Global Agricultural Enzymes Market, By North America, 2022-2030 (USD Million) 

19. North America Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

20. North America Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

21. North America Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

22. U.S. Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

23. U.S. Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

24. U.S. Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)  

25. Canada Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

26. Canada Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

27. Canada Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

28. Mexico Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

29. Mexico Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

30. Mexico Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

31. Europe Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

32. Europe Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

33. Europe Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

34. Germany Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

35. Germany Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

36. Germany Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

37. France Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

38. France Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

39. France Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

40. U.K. Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

41. U.K. Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

42. U.K. Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)  

43. Italy Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

44. Italy Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

45. Italy Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

46. Spain Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

47. Spain Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

48. Spain Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

49. Rest of Europe Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

50. Rest of Europe Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

51. Rest of Europe Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

52. Asia Pacific Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

53. Asia Pacific Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

54. Asia Pacific Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

55. Japan Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

56. Japan Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

57. Japan Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

58. China Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

59. China Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

60. China Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

61. India Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

62. India Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

63. India Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

64. Australia Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

65. Australia Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

66. Australia Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

67. South Korea Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

68. South Korea Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

69. South Korea Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

70. Rest of Asia-Pacific Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

71. Rest of Asia-Pacific Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

72. Rest of Asia-Pacific Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

73. South America Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

74. South America Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

75. South America Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)  

76. Brazil Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

77. Brazil Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

78. Brazil Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

79. Argentina Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

80. Argentina Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

81. Argentina Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

82. Rest of South America Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

83. Rest of South America Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

84. Rest of South America Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)

85. Middle East and Africa Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

86. Middle East and Africa Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

87. Middle East and Africa Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

88. UAE Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

89. UAE Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

90. UAE Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

91. South Africa Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

92. South Africa Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

93. South Africa Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million) 

94. Saudi Arabia Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

95. Saudi Arabia Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

96. Saudi Arabia Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)

97. Rest of Middle East & Africa Agricultural Enzymes Market, By Type, 2022-2030 (USD Million) 

98. Rest of Middle East & Africa Agricultural Enzymes Market, By Crop Type, 2022-2030 (USD Million) 

99. Rest of Middle East & Africa Agricultural Enzymes Market, By Product Type, 2022-2030 (USD Million)

List of Figures 

1. Global Agricultural Enzymes Market Segmentation

2. Agricultural Enzymes Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Agricultural Enzymes Market Attractiveness Analysis By Type

9. Global Agricultural Enzymes Market Attractiveness Analysis By Crop Type

10. Global Agricultural Enzymes Market Attractiveness Analysis By Product Type

11. Global Agricultural Enzymes Market Attractiveness Analysis By Region

12. Global Agricultural Enzymes Market: Dynamics

13. Global Agricultural Enzymes Market Share By Type(2022 & 2030)

14. Global Agricultural Enzymes Market Share By Crop Type(2022 & 2030)

15. Global Agricultural Enzymes Market Share By Product Type(2022 & 2030)

16. Global Agricultural Enzymes Market Share by Regions (2022 & 2030)

17. Global Agricultural Enzymes Market Share by Company (2021)

By Crop Type

  • Grains and Cereals
  • Pulses and Oilseeds
  • Vegetables and Fruits
  • Ornamentals and Turfs
  • Others

By Product Type

  • Growth Enhancing Products
  • Control Products
  • Fertility Products

By Type

  • Lipases
  • Proteases
  • Carbohydrases
  • Polymerases
  • Nucleases

By Region/Geography

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
  • The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of the Middle East & Africa
  • Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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