Press release
Glucose Oxidase Market Size, Demand, Growth Analysis, Share, Revenue and Forecast 2027
The COVID-19 pandemic has had a drastic impact on the global economy. Nationwide lockdowns and traveling restrictions have disrupted the global supply chain, negatively impacting businesses across the globe. Countries across the world are constantly working on addressing the challenges that have arose during the crisis.
At Fortune Business Insights™, we are offering a better understanding of the ever-changing market conditions by providing detailed insights. We are providing comprehensive market reports based on our expertise and experience in the field of market research.
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Highlights of the Report:
The report incorporates the market ranking of major players along with their new service/product launches, partnerships, business expansions, and acquisitions. The dynamics of the market were closely studied while making the report along with the growth opportunities in the years to come. Our next step included qualitative and quantitative analysis of the market based on segmentation, involving both economic, as well as non-economic factors. In addition, we thoroughly observed the current and future outlook of the industry with respect to recent developments.
Drivers & Restraints-
Surge in Adoption of Clean-Label Products to Drive Growth
The growing adoption of products made from natural ingredients among consumers worldwide is expected to strengthen the demand for glucose oxidase. For instance, in a recent survey of 1,300 consumers across Europe, North America, and Asia-Pacific commissioned by Ingredient Communications, nearly 73% consumers have admitted to spend more for clean-label products. This is expected to drive the growth of the global glucose oxidase market. However, stringent safety regulations across the globe for food enzymes are expected to hinder growth.
Regional Insights-
Prevailing Veganism in the U.S. to Aid North America Dominate
Owing to a 600% rise in veganism between 2014 and 2017 in the U.S. (according to GlobalData), North America is projected to dominate the global glucose oxidase market. In addition, the increasing demand for packaged baked products that can be kept fresh for a longer period of time in the region is expected to drive growth.
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The Europe glucose oxidase market is anticipated to flourish in the forecast timeframe. The food industry in the region is rapidly adopting the utilization of chemical-free additives in order to improve the quality and stability of packaged food. This is expected to drive the demand for glucose oxidase in the region.
Competitive Landscape-
Offering Premium Products to Help Key Players Lead Competition
The global glucose oxidase market comprises various manufacturers and businesses focused on offering premium, chemical-free products to gain a competitive edge. Prominent players are investing in R&D to identify new applications of glucose oxidase in the food additives sector. This will help them expand their product portfolios.
Industry Developments-
• In July 2019, AB Enzymes announced it partnership with Genedata, a leading provider of advanced software solutions for life science research and development. The partnership aims to provide central bioinformatics platform for managing the genomic and phenotypic information of all enzyme production-relevant organisms.
• In April 2016, DSM, an enzyme supplier based in the Netherlands, developed Bakezyme GoPure, a new glucose oxidase, to improve the stability of bakery products during fermentation.
A List of Key Manufacturers Operating In the Global Glucose Oxidase Market Report:
• Novozymes
• Watson, Inc.
• DuPont
• Royal DSM
• AB Enzymes
• Stern Enzym
• Creative Enzymes
• Puratos Group NV
• Amano Enzyme Inc.
• Dydaic International Inc.
• Others
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