The Glucose Oxidase Market is anticipated to reach a market size of USD 6543.7621 million in 2022. This market has a massive growth opportunity owing to increasing demand from different industries. Hence, this market is projected to account for a market value of USD 12043.46827 million by 2023. During the forecast period (2022 to 2032), this market is expected to grow at a CAGR of 6.4% which was previously 6.3% (2017 to 2021).
At present, several industrial sectors, including the food and beverage sector, have welcomed the use of enzymes in numerous applications to meet consumer demands. Glucose oxidase is one of the enzymes that is frequently deployed. Glucose oxidase enzyme generally comes from aspergillus and penicillium that catalyses the oxidation of glucose. Although it has several uses, the food and beverage industry and the healthcare industry are where it is most frequently used.
Glucose oxidase is typically employed in the food industry. Its core job is to transform the starch in grains like wheat into more basic forms of sugar like maltose. As plants cannot use glycolysis to produce their own energy source without oxygen, they are less likely to contain glucose oxidases than more complex life-forms like birds and mammals.
| Report Attribute | Details |
|---|---|
| Glucose Oxidase Market Historical Growth Rate (2017 to 2021) | 6.3% |
| Glucose Oxidase Market Value (2022) | USD 6543.7621 million |
| Glucose Oxidase Market Anticipated Forecast Value (2032) | USD 12043.46827 million |
| Glucose Oxidase Market Projected Growth Rate (2022 to 2032) | 6.4% |
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Biosensors deploy glucose oxidase to quickly, easily, and affordably monitor glucose. Use of glucose oxidase biosensor is a common diagnostic practice. By producing hydrogen peroxide in the presence of glucose, glucose oxidase also demonstrates anti-bacterial characteristics.
As glucose oxidase is relatively cheap, stable, and useful as well as being capable to catalyze glucose, it has been widely utilized to assess blood glucose levels in diabetic patients.
In the creation of oral care products, glucose oxidase also play a significant role. Several goods include glucose oxidase, which functions as an anti-microbial. Due to the sharp increase in the CAGR of the global healthcare sector, it can be anticipated that the glucose oxidase market would see a good expansion during the forecast period of 2022-2032.
High gluten flour, eggs, water, and yeast are the ingredients used as the base for bread. The reaction between potassium bromate and the gluten tissue of wheat protein after the addition of potassium bromate gives the gluten the strength and flexibility required for the effective baking of yeast-fermented items. Bread can grow larger and taste better due to the glucose oxidase enzyme. Hence, many manufacturers from bakery industry use glucose oxidase in baking.
Other important factors, such as the rising need for staple foods and animal feed in emerging nations, are anticipated to fuel the expansion of the global glucose oxidase market.
Consumers are consuming more processed foods, such as frozen meat products, as a result of the increased per capita income, shifting dietary tastes, and growing knowledge of healthy eating practices. The popularity of processed foods might increase demand for goods like glucose oxidases, which enable effective processing techniques that result in superior final products at cheaper costs without sacrificing nutritional value.
The desire for clearer labelling is being driven by the increased awareness of the harmful health impacts of chemicals used in food preservation. Chemicals have been eliminated from the food processing method with the addition of glucose oxidase.
Before sealing, oxygen is also taken out of the upper level of beverage bottles using glucose oxidase. By catalyzing the oxidation of glucose, glucose oxidase is frequently used in the production of wine to lower the alcohol concentration of the beverage.
The food and beverage sector also use glucose oxidase to monitor the glucose levels in uncooked food products while they ferment. Due to its oxidizing characteristics, glucose oxidase is often utilized as a food preservative.
The presence of oxygen has a significant influence on the preservation of many fresh foods during processing or preserving. This increases the shelf life of the products. For instance, the growing demand for high quality bakery products that have a longer shelf life is driving the glucose oxidase market growth.
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The largest market share now belongs to Europe, which is expected to reach around 39% in 2022. All food enzymes, including glucose oxidase, that are already on the market in the European Union and are intended to stay there as well as all new food enzymes must be approved through the European Commission list after being subject to a safety evaluation by the EFSA.
Due to the growing trend of free-foods, this region is also anticipated to see an increase in the usage of food enzymes. The use of chemical-free additives that enhance product quality and stability is being quickly embraced by the local food sector. The expansion of the glucose oxidase market in this region is being driven by technical developments in the manufacture of enzymes and food processing.
With an estimated market share of 33.5% by 2022, North America will likely overtake Europe as the second-largest market share. As the research and product development efforts in the food processing sector increase, this region is expected to grow strongly. A variety of food enzymes, including glucose oxidase, are being used more often by producers to create high-quality food products as a result of the growing trend toward organic and vegan goods in this region.
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As start-ups attempt to keep up with technical advancements, reliability, and standard practices of glucose oxidase market product affairs, they confront fierce competition from traditional corporations.
Example:
Yiming Biotechnology provides with high-quality glucose oxidase with a reasonable glucose oxidase price that can be used in the deoxygenation of foods such as wine, beer, juice and milk powder, flour improvement, and inhibition of unsolicited browning and undesired taste, etc.
Owing to the fierce rivalry, the glucose oxidase market faces a significant threat from competitors. However, growing business investments in R&D will increase consumer interest in novel applications for glucose oxidases. The desire from consumers for packaged food products that taste fresh and can be kept for a longer period of time is pushing innovation to enhance product structure and appearance.
Example:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Source, End-use, Region |
| Regions Covered | North America; Latin America; The Asia Pacific; Middle East and Africa; Europe |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Sigma-Aldrich Co. LLC; BBI Solutions; Parchem fine & specialty chemicals; Lee BioSolutions; MP Biomedicals LLC; Innova Biosciences Ltd; Fischer Scientific International, Inc.; Thomas Scientific; Roche Diagnostics; Nanning Doing-Higher Bio-Tech Co., Ltd. |
| Customization | Available Upon Request |
The global glucose oxidase market is expected to grow with a CAGR of 6.4% from 2022 to 2032.
The global glucose oxidase market is estimated to reach a market size of USD 12043.46827 million by 2032.
Europe will continue to be the largest region obtaining 39.0% market share by 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Glucose Oxidase Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Source 5.1. Fungi 5.2. Bacteria 5.3. Insects 5.4. Plant 6. Global Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. Food and Beverages 6.2. Healthcare 6.3. Packaging 7. Global Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Glucose Oxidase Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Glucose Oxidase Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Sigma-Aldrich Co. LLC 15.2. BBI Solutions 15.3. Parchem fine & specialty chemicals 15.4. Lee BioSolutions 15.5. MP Biomedicals, LLC 15.6. Innovac Biosciences Ltd 15.7. Fischer Scientific International, Inc 15.8. Thomas Scientific 15.9. Roche Diagnostics 15.10. Nanning Doing-Higher Bio-Tech Co., Ltd. 16. Assumptions & Acronyms Used 17. Research Methodology
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Glucose Oxidase Market
