Agricultural Enzymes Market Share

North America Market Statistics

Regionally, the global agricultural enzymes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America is poised to dominate majority revenue share by 2036, on the back of availability of the larger farms for cultivation. Additionally, growing awareness of climate change, the presence of multiple key players in the market, and the developing agriculture biotechnology are also estimated to boost the growth of the market in the region during the forecast period. The cultivators in North America are more inclined to the utilization of agro-biochemical. According to the data released by the U.S. Department of Agriculture, it was stated that in 2020, 2.02 million farms were available in the USA expanding over the 897 million acres of land.

APAC Market Analysis

Furthermore, the Asia Pacific region is also anticipated to provide lucrative opportunities for the growth of the market during the forecast period. The Asia Pacific is the largest cultivator and consumer of the globally consumed grain, rice. For instance, in 2020, more than 200 million tons of rice were produced solely in China. Such factors are anticipated to propel the growth of the market in the regions over the forecast period.