Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Agricultural Enzymes Market size was valued at USD 595.24 million in 2024 and is likely to cross USD 1.78 billion by 2037, registering more than 8.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of agricultural enzymes is estimated at USD 639.76 million.
The growth of the market can be attributed to the rising awareness of organic methods of growing crops, growing agriculture sectors, and increasing inclination toward agro-biologicals owing to higher prices of agro-chemicals. As per the report provided by World Bank, the agriculture sector can be projected to provide food for 9.7 billion people by 2050. Furthermore, the developing global agriculture biochemical industry is also projected to hike the growth of the market over the forecast period. For instance, in 2022, the global agriculture biochemical industry amounted to approximately USD 10 billion which is further forecasted to grow constantly. Higher prices of agro-chemicals also encourage cultivators to choose agro-biochemicals. In 2019, the agrochemical market was valued at almost USD 200 billion and is expected to reach over USD 295 billion over the forecast period. All these factors are anticipated to influence the growth of the market positively over the forecast period.
