PUBLISHER: Grand View Research | PRODUCT CODE: 1493426
PUBLISHER: Grand View Research | PRODUCT CODE: 1493426
The global agricultural enzymes market size is expected to reach USD 1.0 billion by 2030, registering a CAGR of 9.0% during the forecast period, according to a new report by Grand View Research, Inc. The increase in the consumption of organic food has been a major driving factor for the global industry growth. In addition, the rising usage of bio-products in the agricultural industry is also anticipated to be a major boost for the market.
Agricultural enzymes are biodegradable proteins used for enhancing the crop growth. Some of its other major application are crop protection against insects, pest & diseases, enhancing soil fertility, and decomposition of agricultural wastes. Such inherent advantages of the product are expected to benefit the market.
Cereals & grains crop dominated the market. The enzymes added in cereals and grains have the ability to remove bran and germs from the crop. Exogenous is one such enzyme which provides an aid to maintain the quality of harvest and facilitate nutrient loss prevention. These factors are projected to propel the cereals & grains segment growth over the next eight years.