Press release
Glucoamylase Market is Set to Garner Staggering Revenues by 2027
Glucoamylase is a significant industrial enzyme and is extensively used in brewing, starch saccharification and across distilling industry. Glucoamylase is derived from a wide variety of sources which includes plants, animals, and microorganisms. Main stream production of glucoamylase is prepared using liquid fermentation process. Further, the method of solid state fermentation is been employed for the production. The technique is gaining renewed interest from researchers in the near time.
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Global Glucoamylase Market: Drivers and Restraints
The major driver driving the global glucoamylase market is the health benefits of glucoamylase. Glucoamylase can break down the starches into glucose which are absorbable and usable. Some of the health benefits of glucoamylase includes aid in irritable bowel syndrome, aid for digestive upset & gastrointestinal issues, fast aiding of the digestive organs and reduction of food allergies. Also, studies have proved that glucoamylase in combination with other enzymes resuts in less autoimmunity responses and can influence the immune system in a beneficial way.
Global Glucoamylase Market: Segmentation
By product segment, the global glucoamylase market is segmented into:
Liquid State Fermentation
Solid State Fermentation
By Application, the global glucoamylase market is segmented into:
Alcohol
Starch Sugar
Beer
White Spirit
Others
By source, the global glucoamylase market is segmented into:
Plants
Animals
Microorganisms
Global Glucoamylase Market: Segmentation Overview
The global glucoamylase market report is segmented by source, by application, and by product segment. By application, the market is further sub-segmented into alcohol, starch sugar, white spirit, beer, and others. Glucoamylase helps to break down starch, which occurs naturally in most of the vegetables such as wheat, potatoes, rice and corn. Moreover, glucoamylase is used as a processing additive filler in many prepared food products.
Global Glucoamylase Market: Regional Outlook
The glucoamylase market is segmented by regions into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Middle East & Africa (MEA) and Japan. North America is anticipated to account for the largest share in global glucoamylase market and is expected to maintain its dominance during the forecast period. The US is the single largest market for the specialty enzyme. Further Europe is expected to account for the second largest share in the global glucoamylase market. Growing concerns about health care and cosmetics have led to the demand for specialty enzymes increased in the recent years. Further, the demand for glucoamylase is increasing due to the introduction of new drugs that are used in the enzyme replacement therapy.
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Global Glucoamylase Market: Key Players
The key players in the global glucoamylase market are Novozymes, Genencor, Amano Enzyme, DSM, AB Enzyme, Verenium, Shandong Longda, VTR, SunHY, YSSH, BSDZYME, Challenge Group, Jinyuan, and Sunson. To ensure product differentiation and to gain a considerable share of the market, major vendors are adopting creative strategies and are constantly developing innovative products.
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