Market Size of Europe Agricultural Enzymes Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 10.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Agricultural Enzymes Market Analysis
The European Agricultural Enzymes Market is projected to register a CAGR of 10% during the forecast period(2020-2025). Rising consumers' inclination towards organic food is intensifying the market for agricultural enzymes. Besides this, increasing health consciousness among people with respect to food with added chemicals will bolster the growth of the market studied. Grains and Cereals segment dominates the market with the increased cereals consumption and rising organic production of cereals in the region. This will encourage the incorporation of enzymes in various stages of crop production practices indicating the growth of the market during the forecast period. BioWorks Inc., Novozymes A/S, Stoller Europe, Elemental Enzymes, and Biolchim SPA are some of the key players in the market studied.
Europe Agricultural Enzymes Industry Segmentation
Agricultural enzymes act as biological catalysts and find extensive use in agriculture-based biological procedures like processing of crop and crop residues, silage fermentation, and bioprocessing of fibers.
Type | |
Carbohydrases | |
Prtoteases | |
Lipases | |
Polymerases & Nucleases |
Application | |
Crop Protection | |
Fertility | |
Plant Growth Regulation |
Crop Type | |
Grains & Cereals | |
Oil Seeds and Pulses | |
Fruits & Vegetables | |
Other Crop Types |
Geography | |
United Kingdom | |
Spain | |
Italy | |
Germany | |
France | |
Russia | |
Rest of Europe |
Europe Agricultural Enzymes Market Size Summary
The European Agricultural Enzymes Market is experiencing significant growth, driven by a rising consumer preference for organic and chemical-free food products. This trend is largely due to increasing health consciousness and awareness of the adverse effects of chemical additives in food. The market is predominantly led by the grains and cereals segment, which benefits from heightened cereal consumption and the surge in organic cereal production across the region. The incorporation of enzymes in various stages of crop production is becoming more prevalent, further propelling market expansion. Key industry players such as BioWorks Inc., Novozymes A/S, Stoller Europe, Elemental Enzymes, and Biolchim SPA are actively contributing to this growth through strategic initiatives.
The demand for organic and naturally sourced agrochemicals has been on the rise, as evidenced by the substantial increase in organic farming practices in Europe. The region's organic agricultural land has seen significant expansion, particularly in countries like Spain, Italy, and France. This shift towards organic farming is driven by the need for sustainable production methods in response to the growing population and changing dietary habits. The European market for agricultural enzymes is relatively consolidated, with major companies holding a significant share. These companies are leveraging strategies such as product launches and partnerships to enhance their market presence, as seen with Novozymes A/S's introduction of advanced enzyme products.
Europe Agricultural Enzymes Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Force Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Carbohydrases
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2.1.2 Prtoteases
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2.1.3 Lipases
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2.1.4 Polymerases & Nucleases
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2.2 Application
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2.2.1 Crop Protection
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2.2.2 Fertility
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2.2.3 Plant Growth Regulation
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2.3 Crop Type
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2.3.1 Grains & Cereals
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2.3.2 Oil Seeds and Pulses
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2.3.3 Fruits & Vegetables
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2.3.4 Other Crop Types
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2.4 Geography
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2.4.1 United Kingdom
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2.4.2 Spain
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2.4.3 Italy
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2.4.4 Germany
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2.4.5 France
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2.4.6 Russia
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2.4.7 Rest of Europe
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Europe Agricultural Enzymes Market Size FAQs
What is the current Europe Agricultural Enzymes Market size?
The Europe Agricultural Enzymes Market is projected to register a CAGR of 10% during the forecast period (2024-2029)
Who are the key players in Europe Agricultural Enzymes Market?
BioWorks Inc., Novozymes A/S, Stoller Europe, Elemental Enzymes and Biolchim SPA are the major companies operating in the Europe Agricultural Enzymes Market.