The South America agricultural enzymes industry is expected to grow at a CAGR of 7.6% over 2017-2022. Agricultural enzymes are catalysts that prompt chemical reactions to release nutrients, that might otherwise remain chemically bound, which detoxify the soil. Recognizing the importance of these, farmers around the region have been extensively using them and the market for agricultural enzymes is rapidly growing.
The growing demand for agricultural produce, increasing focus on agriculture biotechnology and awareness on environment-friendly agriculture practices are driving the regional agricultural enzymes market. Most of the agricultural enzymes application need comes from crop processing and animal feed additives manufacturing industries. Cost-effective production and application of enzymes also form a major reason for growth in this price sensitive market. Increasing effort and investment in research and adoption of various modern farming practices hold opportunities of growth. Safety and quality of enzyme products and unclear regulations may create obstacles.
On the basis of product types, the market is segmented into carbohydrases, proteases, lipases, polymerases and nucleases; carbohydrases is the most popular with varied applications, followed by proteases and lipases. The application is by crop protection, fertility and growth enhancing products. Enzyme-based pesticides and fertilizers help farmers to enjoy healthier crops and higher yields; direct application into the field acts as agriculture input enhancers. Crop type application includes cereals, grains, fruits, vegetables, oilseeds, and pulses.
South America is expected to see fast growth with Brazil leading in terms of demand. Though the market size is small, the expansion would be impressive in countries like Argentina. The high-growth livestock sector and the export-oriented agriculture industry would derive the maximum need for agricultural enzymes in the region.
Key Industry Players
Many North American players are actively involved in the agricultural enzymes market of South America as a strategic move to strategically acquire smaller, regional players in order to capture the regional markets with a customer specific approach and product lines.
Some of the major players active in the regional market are:
Key Deliverables in the Study
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. Key Findings of the Study
3. Market Overview
3.1.1 Popularity of Organic Food Consumption
3.1.2 Cost Efficient Application
3.1.3 Increased Demand for Biofuels
3.2.1 Regulatory Constraints and Enzyme Safety
3.2.2 Issues Related to Patent Farming
3.3.1 High Investment in R&D
3.3.2 Rising Consumer Awareness
3.3.3 Adoption of Modern Farming Practices and Sustainability
3.4 Porter's Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Type
4.1.4 Polymerases & Nucleases
4.2 By Application
4.2.1 Crop Protection
4.2.3 Plant Growth Regulation
4.3 By Crop Type
4.3.1 Grains & Cereals
4.3.2 Oil Seeds and Pulses
4.3.3 Fruits & Vegetables
4.4 By Geography
4.4.1 South America
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most Active Companies in the Past Five Years
5.5 Market Share Analysis
6. Company Profiles
6.1 Asahi Kasei Pharma
6.3 Adisseo France
6.4 Camson Bio Technologies Ltd.
6.5 Buckman Laboratories
6.6 Bioworks Inc.
6.7 Advanced Enzyme Technologies
6.8 Specialty Enzymes & Biotechnologies
6.10 Greenmax Agro Tech
6.11 Agrinos Inc.
6.12 Novozymes A/S
6.13 Stoller Inc.
6.14 Chr. Hansen
6.16 American Biosystems