Glucose Oxidase Market Analysis & Forecast 2024-2030

Global Glucose Oxidase Market is expected to reach USD 11171.79 million by 2030 with CAGR of 6.1% between 2024 and 2030

Overview

Enzymes are important catalysts in different manufacturing processes as they speed the reactions and save a considerable amount of time. Enzymes are used to manufacture and develop about 400 daily consumer needs and commercial products. They are extensively used in commercial applications in foods and beverages processing, manufacturing of household cleaning products, animal nutrition products, textiles, and many other applications. One of these enzymes is glucose oxidase which is widely used in the food and pharmaceutical industry to produce beverages, baking products, egg powder, gluconic acid, and medicines. The rising demand for glucose oxidase in the food industry is a key driving factor for the growth of the Global Glucose Oxidase Market.  

Glucose oxidase is used as an additive and preservative in the food processing industry owing to its unique oxidizing properties. It supports making stronger dough in the bakery and is being replaced by oxidants such as bromate. As a food preservative, it helps remove oxygen and glucose from food products such as dry egg powder to prevent browning and taste. However, the availability of substitutes may hamper the growth of the market. Rising technological advancements in terms of the production of glucose oxidase from different sources, including red algae, citrus fruits, plants, animals, bacteria, and fungi will offer several growth opportunities for the market in the forecast period.  

Product types & Competitive analysis

Glucose Oxidase Market is segmented into food grade, feed grade, and pharmaceuticals. The food-grade segment was the major revenue grosser in 2022. Glucose oxidases are widely used in the food processing industry due to their unique properties and the ability to preserve food products without changing their state. It is widely used as a color stabilizer, antioxidant, and chelating agent in producing bread, food products, beverages, etc. The pharmaceuticals grade segment is projected to experience the fastest growth in the product type segment during the forecast period 2023-2029. Demand for glucose oxidases is rising in the pharmaceutical industry with rising adoption in the synthesis of chiral compounds, synthetic antibiotic production, and other applications.  

The competitive analysis included in the research study helps the user to understand key players market positioning and marketing strategies. On-going research in glucose oxidases to diversify applications, improve strength, and performance and ramp up their production capabilities by using different sources and methods such as biochemical, electrochemical, and fermentative processes are expected to offer several opportunities to the manufacturers and key stakeholders in the forecast period. Major players in the market are launching new products with innovative features to build their portfolio and presence across key markets. For instance, on 25-Nov-2020 Novozymes launched a new product Gluzyme Fortis based on glucose oxidase enzymatic solution that helps in preparing the dough and producing bread under warm and difficult climatic conditions. In addition to this companies are directing their focus on adopting modern and environmentally safe technologies to produce glucose oxidases and are collaborating with key players in the market to offer new products to the market.  

 

Application & Regional analysis

Based on the application segment, the Glucose Oxidase Market is divided into food & beverage and animal feed. The food & beverage segment accounted for the major glucose oxidase market share in 2022. Glucose oxidases are used in numerous food & beverage production processes. This has led to an increase in demand for glucose oxidases from manufacturers to produce quality products without hampering their taste and texture. Glucose oxidases are used in animal feed to supplement the growth, and development of gut function in broiler chickens, piglets, livestock, and other animals. The animal feed segment is projected to experience the fastest growth in the application segment during the forecast period during 2020-2026 owing to their performance as animal feed.  

 

The Asia Pacific was the fastest-growing region in the Glucose Oxidases Market in the year 2022 and is expected to witness impressive growth in coming years due to rapidly growing economies such as China and India. The region has a strong food and beverage sector with the presence of abundant raw material supply, low-cost manufacturing, and a large workforce. Developing countries in the Asia Pacific are witnessing promising growth in agricultural, animal husbandry, and food processing industries with booming investments from private and government sectors. Asian countries like India, China, Indonesia, and Taiwan are embracing new advances in their economic policies to lay the foundation for foreign investment policies and regulations. Developing Countries in South America and the Middle East and Africa will show significant growth in the forecast period owing to the growing food and beverage industry, rising venture capital investments, evolving consumer demands, and trends in processed foods.  

 

Glucose Oxidase Market : Product Types

• Food Grade
• Feed Grade
• Pharma Grade

Glucose Oxidase Market : Application

• Food & Beverage
• Animal Feed

Glucose Oxidase Market : Competitive Analysis

The report includes an accurate analysis of key players with Market Value, Company profile, and SWOT analysis. The Study consists of the following key players in the Global Glucose Oxidase Market :

• DuPont
• Sigma Aldrich
• Thomas Scientific
• BBI Solutions
• Fisher Scientific
• Novozymes
• Meril Lifesciences

Geographical analysis of Glucose Oxidase Market :

• North America
  • U.S.A
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Glucose Oxidase Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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