Agricultural Enzymes Market Size, Share, Growth Analysis, By Product Type(Fertility Products, Growth Enhancing Products, Control Products, Others), By Crop Type(Cereals & Grains, Oilseeds & Pulses, Turf & Ornamentals, Others), By Region - Industry Forecast 2024-2031

Global Agricultural Enzymes Market size was valued at USD 492.02 million in 2022 and is poised to grow from USD 536.30 million in 2023 to USD 1068.61 million by 2031, growing at a CAGR of 9% in the forecast period (2024-2031).

The first stages of seed growth, such as germination and rooting, depend on the breakdown of plant leftovers and other organic matter by agricultural enzymes. The ability of the crop to ingest nutrients and withstand water stress has been enhanced.

A growing number of people are using agricultural enzymes because they improve the quality of the finished product. It stimulates the roots and sprouting processes in the early stages of development and helps humify plant wastes. This has influenced the market for agricultural enzymes and increased its overall strength during the past few years. The market will experience faster expansion over the next few years.

By making more nutrients available to plants and promoting plant development, agricultural enzymes are employed to increase production capacity. The main drivers fueling the need for agricultural enzymes are the rising population, the rising need for food security, and the rising desire for organic products.

Phosphatases, dehydrogenases, and sulfatases are a few of the key enzyme kinds that are utilised for soil fertility and crop growth. Over the course of the forecast period, the phosphatase enzyme market is anticipated to expand at the fastest rate.

US Agricultural Enzymes Market is poised to grow at a sustainable CAGR for the next forecast year.