According to a study by Future Market Insights, the market for Glucoamylase is estimated to grow at a CAGR of 4.4% during the forecasted period. The value of the industry is expected to rise from US$ 834.2 million in 2023 to US$ 1,283.1 million in 2033. By the end of 2022, the Glucoamylase Market was valued at US$ 789.2 million.
| Attributes | Details |
|---|---|
| Market Size Value in 2023 | US$ 834.2 million |
| Market Forecast Value in 2033 | US$ 1,283.1 million |
| Global Growth Rate (2023 to 2033) | 4.4% |
| Forecast Period | 2023 to 2033 |
| Global Market Share of USA, Germany, Japan, and Australia | 74.1% |
Glucoamylase is an enzyme that helps in converting starches and other complex carbohydrates into glucose. This enzyme is used in the food & beverage industry for producing sweeteners, syrups, and ethanol. Growing demand for convenience food products such as ready-to-eat meals and snacks among consumers is driving the market’s growth.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The value of the global market for Glucoamylase expanded from US$ 632.2 to US$ 789.2 between 2018 and 2022, growing at a CAGR of 5.7%.
The global Glucoamylase market is expected to experience significant growth in the coming years, making it an attractive option for investors.
Historically, Glucoamylase has been used in various industrial applications such as food and beverage processing, animal feed production, and medicine manufacturing. In recent years, its use has expanded to include biofuel production and biorefinery processes due to its efficiency at breaking down starch-based materials.
The global Glucoamylase Market is forecast to grow at a solid CAGR of 4.4% from US$ 834.2 billion in 2023 to US$ 1,283.1 billion by 2033.
The USA accounted for 32.2% of the North American market with a value of US$ 268.6 million in 2023. The United States has long been known as an economic powerhouse. In the market for Glucoamylase, it holds a dominant position in terms of production and sales.
Though the USA is not the sole producer of Glucoamylase, its companies have invested heavily in research and development to produce higher yields of this essential enzyme. This investment has resulted in more efficient production processes that have enabled American companies to offer competitive prices while maintaining quality standards that are difficult to match elsewhere in the world.
The China Brewing Boiler Market will grow at 3.7% CAGR between 2023 and 2033. The global Glucoamylase market is experiencing growth due to increased demand for food and beverage products in China. This development has been driven by the country's expanding population, rising incomes, and changing diet preferences. With more people consuming processed foods such as bakery goods and noodles, the need for Glucoamylase has surged.
The India Brewing Boiler Market will grow at 3.8% CAGR between 2023 and 2033. India is one of the world's top producers of Glucoamylase, a complex enzyme used in the production of beer and other food products. The market for Glucoamylase in India is large and growing, as more breweries are being set up across the country. India currently holds a significant portion of the global Glucoamylase market share, with local manufacturers contributing significantly to this success.
Principal Consultant
Glucoamylase is a commonly used enzyme in the food industry. It has many applications, meaning it can be utilized in various aspects of food production and processing. It is widely used to hydrolyze starches and convert them into glucose, which can then be used for various purposes such as fermentation, alcohol production, or sweetening purposes.
Glucoamylase also has applications in baking goods, as well as alcoholic beverages like beer and cider. When added to the dough before baking the enzyme helps break down starch molecules into smaller components that result in fluffier bread and pastries with more volume than traditional recipes. Similarly, when added to beer or cider during fermentation it increases the number of fermentable sugars present which leads to higher alcohol yields.
In recent years, the demand for Glucoamylase has increased significantly due to the emergence of plant-sourced Glucoamylase. Glucoamylase is an enzyme used in industrial food processing and fermentation processes to break down complex sugars into simpler forms. Plant-sourced Glucoamylase offers advantages over microbial sources such as greater stability and cost savings. As a result, more companies are turning to plant-sourced Glucoamylase as a cost-effective alternative for their production needs.
This market is highly competitive and producers of Glucoamylase must be aware of the current trends in the industry in order to remain successful. Glucoamylase is used widely in the production of starch and food processing industries. As such, there are a number of key players in this market providing their own versions of Glucoamylase.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Mexico, Canada, Germany, the United Kingdom, France, Italy, Spain, India, Japan, China, South Korea, Australia, Argentina, Brazil, South Africa, UAE |
| Key Segments Covered | Source, Product Type, Application, Region |
| Key Companies Profiled | Novozymes; Amano Enzyme; Genencor; AB Enzyme; DSM; Shandong Longda; Jinyuan; Verenium; Sunson; Challenge Group; BESTZYME BIO-ENGINEERING CO., LTD; Wuhan Sunhy Biology Co., Ltd |
| Report Coverage | Company Share Analysis, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives, Market Forecast, Competitive Landscape |
| Customization & Pricing | Available upon Request |
The Glucoamylase Market will reach nearly US$ 834.2 million by 2023.
The Glucoamylase Market is expected to rise at a CAGR of 4.4%
The USA, United Kingdom, China, and Germany are the major countries driving the demand for Glucoamylase Market.
The China Glucoamylase Market will grow at 3.7% CAGR between 2023 and 2033.
The India Glucoamylase Market will grow at 3.8% CAGR between 2023 and 2033.
The United Kingdom Glucoamylase Market will grow at 6.2% CAGR between 2023 and 2033.
Novozymes, Amano Enzyme, BESTZYME BIO-ENGINEERING CO., LTD, and Wuhan Sunhy Biology Co., Ltd are the companies dominating the Market.
The global demand for Glucoamylase Market is forecasted to surpass US$ 1,283.1 million by the year 2033.
Explore Food and Beverage Insights
View Reports
Glucoamylase Market
