Asia-Pacific countries, where the prospective usage of agricultural enzymes inoculated with biotechnological farm inputs is particularly good in less-intensive, low-input agricultural systems.
Recent developments in various fields of biotechnology, such as genetic engineering and protein engineering, have provided a strong foundation for opportunities in the agricultural enzymes market. Developed countries such as the U.S., the U.K., and France already possess well-maintained infrastructural facilities for research.However, noweven developing countries such as India and China are moving forward to join the market leaders in the arena of biotechnology. Farmers are becoming increasingly aware that sustainable farming practices are the key to meeting the world’s agricultural demands. Emerging economies in the Asia-Pacific and ROW regions hold significant market potential due to their high population density.Their inclination towards farming practices has created pressure on fertilizer companies to include organic products in their product portfolio
Agricultural enzyme processes such as seed treatments and inoculation allow crops to grow better. With higher seed prices and new trait technologies promising higher yields and better agronomic performance, more farmers are turning to such practices to protect their valuable investments. Also, seed companies are seizing the opportunity to help farmers protect the yield they purchase when they invest in seed and, as a result, new players are joining the game and new collaborations are being forged.
North America and Europe together contributedover 50% of the market share in 2012. The demand for high-yield and better quality crops, along with changing agricultural practices is driving the consumption of agricultural enzymes in North America. Increased consumer awareness about the health benefits of organic foods is a reason for growth in the demand of agricultural enzymes in Europe. In the agricultural enzymes market, control products dominated the application segment with 48.0% of the total market share. Bytype, carbohydrases generated the maximum revenue with 49.9% of the total market.Cereals &grains, as a crop type, topped the market charts with 45.1% of the total sharein the global market.
The globalagricultural enzymesmarket has consistently grown over the years, and this trend is expected to continue in the near future. Maximum increase in the demand for agricultural enzymes is projected to occur in the BRIC nations. In 2012, control products dominated the application segment, carbohydrases dominated the type segment,while cereals & grains dominated the crop type segment of the agricultural enzymes market.
Organic agriculture is rendering an impetus in emerging countries as it is increasingly seen as significant for addressing food insecurity, land degradation, poverty, and climate change. It is becoming an important sector with demand for organic produce increasing in regions of Africa. Also, the new market leader will be seen rising from the Asia-Pacific countries, where the prospective usage of agricultural enzymes inoculated with biotechnological farm inputs is particularly good in less-intensive, low-input agricultural systems.
It is estimated that by 2030, the global demand for food and energy is expected to increase by more than 50%. To fulfill these demands, there is a need to increase the food production across the world. In such a scenario, an increased use of agricultural enzymes is unavoidable. On the other hand, today’s major problems in the food system are not fundamentally about the supply keeping up with the demand, but more about how diversified food is available to meet the changing dietary preferences of people in emerging countries. Hence, looking just at population growth will provide an unclear picture of the demand for food. Focus needs to be laid upon increasing the food supply to meet the diversified food demand.
Related Reports:
Agricultural Enzymes Market by Type (Carbohydrase, Lipase, Protease, Polymerase & Nuclease), by Application (Fertility, Growth, & Control Products), by Crop Type, & by Geography - Global Trends & Forecast to 2018
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