About Glucoamylase
Glucoamylase is an enzyme that breaks down starch, a complex carbohydrate, into glucose, a simple sugar. It is found in a variety of microorganisms, including bacteria, fungi, and yeast. Glucoamylase is used in several industrial applications, including the production of food and beverages, biofuels, and pharmaceuticals. Glucoamylase is a widely used biocatalyst in the food industry. The major application of glucoamylase is the catalysis of alcohol, starch sugar, beer, white spirit, and other fermentation industries. The glucoamylase market is poised for continued growth in the coming years, driven by the increasing demand for biofuels, food and beverage products, and low-calorie sweeteners. By addressing the challenges and capitalizing on the opportunities, manufacturers can position themselves for success in this dynamic market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
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. There are various growth opportunities in this market which are captured by leading players via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Glucoamylase market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novozymes A/S (Denmark), DuPont (United States), AB Enzymes (Denmark), Kerry Group plc. (Ireland), Cargill, Incorporated. (United States), ADM (United States), Tate & Lyle (United Kingdom), Südzucker AG (Germany), Roquette Frères (France) and Bio-Cat, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Guangxi Jinyuan Biochemical Group Co., Ltd. (China), VTR BIOTECH PTY LIMITED (Austria), DSM (Netherlands), Wuhan Sunhy Biology Co., Ltd. (China) and Beijing Challenge International Trade Co., Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global Glucoamylase market by Type (Solid State Fermentation and Liquid State Fermentation), Application (Dairy Products, Personal Care, Alcohol Production and Others) and Region.
On the basis of geography, the market of Glucoamylase has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Source, the sub-segment i.e. Microorganisms (Yeast, Fungi, Bacteria) will boost the Glucoamylase market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Pharmaceuticals & Healthcare will boost the Glucoamylase market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Gluten-Free Products
Market Growth Drivers:
Rising Disposable Incomes in Emerging Markets and Growing Demand in Food & Beverage Industry
Challenges:
Fluctuations in Raw Material Prices
Restraints:
Emerging Alternative Technologies
Opportunities:
Technological Advancements in Enzyme Production and Increasing Demand for Bio-Based Products in Countries like India, China, and Brazil
Market Leaders and their expansionary development strategies
In March 2023, AB Enzymes acquired Shanghai Boai Bio, a leading Chinese producer of industrial enzymes, including glucoamylase, expanding its presence in the Asian market.
In January 2021, DUPONT launched SYNERXIA GEMSTONE collection of new high-performance yeasts. The new collection from the XCELIS platform includes SYNERXIA high-yield yeasts designed for the unique needs of ethanol producers. The product also expresses enough glucoamylase to displace up to 80 percent of the glucoamylase injected into fermentation. The yeast’s strong expression of the powerful glucoamylase offers reduced residual starch for many producers.
Key Target Audience
Manufacturer, Suppliers & Distributors, Research Organization, Potential Investors, Government Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.