Contrary to popular belief, enzymes are not only used in the healthcare and food & beverage sector. Industrial sector has welcomed the use of enzymes in various applications as well. Unbeknownst to most, enzymes are utilized by us in some or the other form. Enzymes are used widely in the paper and pulp, textiles, food & beverage industry. The application of enzymes was not as popular before. However, with further study in amino acid patterns, it was possible to isolate enzymes to be used in various applications. Enzymatic processes provide a substitute for chemical reactions. One of the most widely used enzymes is Glucose oxidase. Glucose oxidase is an enzyme mainly produced from Aspergillus and Penicillium that acts as a catalyzing agent for the oxidation of glucose. Its applications are multifarious however, it is mainly utilized in the food & beverages and healthcare sector.
Glucose oxidase Market- Market Segmentation: Based on the Source, the Glucose oxidasemarket is segmented into: Fungi, Bacteria, Insects, Plant; Based on end use, the Glucose oxidase market is segmented into: Food and Beverages, Healthcare, packaging.
Glucose oxidase is used in biosensors which makes glucose measurement fast, easy and cheap. This ia widely used I diagnostics. Glucose oxidase also exhibits anti-bacterial properties in the presence of glucose by the production of hydrogen peroxide. This property is utilized in the production of oral care products. Glucose oxidase acts as an anti-microbial agent in the said products. With the significant rise in the CAGR of the global healthcare industry, we can expect to see a healthy CAGR for the glucose oxidase market throughout our forecasted period of 2016-2026.
In terms of geography, the glucose oxidase market has been divided in to five key regions; North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The glucose oxidase market is expected to exhibit an above average CAGR during the forecast period. Asia Pacific region is expected to witness a high demand for glucose oxidase over the forecasted period. Highest growth is expected to be seen specifically from India and China. Significant growth will also be witness in Middle East and Africa, Eastern Europe and Latin America.
Some of the key players in the glucose oxidase market are 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.
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