The global glucose oxidase market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). The increasing application of glucose oxidase in different industrial verticals is a key factor driving the growth of the global glucose oxidase market. Glucose oxidase is used in the food and beverage industry to monitor the sugar levels of raw food products during fermentation. Glucose oxidase is also used to release oxygen to the upper level of beverage bottles before closing. Therefore, it is widely used in winemaking to reduce alcohol consumption in glucose by oxidation.
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Increasing demand for commodity food and animal feed in developing countries is expected to drive the global glucose oxidase market growth. Population growth coupled with increasing per capita income, changing global food diets, and growing awareness about healthy eating habits is led consumers to increase their processed foods as frozen meat products. The shift to processed foods can lead to higher material requirements such as glucose oxidase which allows efficient processing methods that produce better end-product quality at a lower cost without compromising on nutritious content. In addition, increasing corporate investment in R&D enhances customer interest in the new use of glucose oxidase leading to the rapid growth of the industry in the forecast period.
For instance, in July 2019, AB Enzymes announced a partnership with Genedata, a leading provider of advanced software solutions for research and development of health sciences. The partnership aims to provide a central bioinformatics platform for managing the genomic and phenotypic knowledge of all living organisms associated with the production of enzymes.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Amano Enzyme Inc., Creative Enzymes, Dydaic International Inc., Puratos Group NV, and Watson Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Glucose Oxidase Market Report by Segment
By Type
- Food Grade
- Industrial Grade
By Application
- Bakery Products
- Dairy Products
- Egg Powder
- Alcoholic Beverages
- Non-alcoholic Beverages
- Other Non- food Applications
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