Global Glucose Oxidase Market Overview:
Glucose Oxidase (GOX) catalyses the oxidation of β-D-glucose to D-glucono-δ-lactone and hydrogen peroxide. It is highly specific for β-D-glucose and does not act on α-D-glucose. It is produced from Aspergillus and Penicillium using oxidation process. GOX is majorly used to in the determination of free glucose in body fluids, food and agricultural products. The increasing demand for glucose oxidase in food & beverage industry is driving the market growth.
As per latest study released by AMA Research, the Global Glucose Oxidase market is expected to see growth rate of 6.9%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Obtaining Fast Glucose Measurement
Market Growth Drivers:
Growing Use of Glucose Oxidase to Kills Bacteria In Food and Long Shelf Life of Glucose Oxidase
Challenges:
Inhalation and Direct Contact With Enzyme Preparations May Cause Allergic Reaction or Irritation
Restraints:
Counterfeit Products
Opportunities:
Increasing Demand for Glucose Oxidase from Wine Industry, Growing Disposable Income and Urbanization and Increasing Use as Oxygen Scavenger in Beverages
Competitive Landscape:
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Some of the key players profiled in the report are Koninklijke DSM N.V. (Netherlands), Toyobo Co., Ltd (Japan), Strowin Biotechnology Co., Ltd. (China), Creative Enzymes (United States), Sunson Industry Group Co., Ltd. (China), Sigma-Aldrich Co. LLC (United States), Parchem Fine & Specialty Chemicals (United States), Lee BioSolutions (United States), MP Biomedicals, LLC (United States), Innova Biosciences Ltd (United Kingdom), Fischer Scientific International, Inc. (United States), Thomas Scientific Inc (United States), Roche Diagnostics (Switzerland) and Nanning Doing-Higher Bio-Tech Co., Ltd. (China). Analyst at AMA Research see North America and Europe Vendors to retain maximum share of Global Glucose Oxidase market by 2030. Considering Market by Form, the sub-segment i.e. Powder will boost the Glucose Oxidase market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Glucose Oxidase market. Considering Market by Grade, the sub-segment i.e. Food Grade will boost the Glucose Oxidase market. Considering Market by End User, the sub-segment i.e. Food and Beverage will boost the Glucose Oxidase market.
Latest Market Insights:
On December 15, 2023, Abbott launches the FreeStyle Libre 3 continuous glucose monitoring system with a smaller sensor and improved accuracy. This system uses an enzyme similar to Glucose Oxidase for glucose detection.
What Can be Explored with the Glucose Oxidase Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glucose Oxidase Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glucose Oxidase
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glucose Oxidase market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glucose Oxidase market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Glucose Oxidase Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.