Global Fungal Glucoamylases Market was valued at USD 0.12 Billion in 2022 and is projected to reach USD 0.18 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The fungal glucoamylases market has been steadily growing as demand for enzymatic processes in various industries increases. These enzymes, primarily derived from fungi like Aspergillus niger, are essential in the breakdown of starches into fermentable sugars, a crucial component in the production of biofuels, alcohol, and even in the food and beverage industry. The market is expanding rapidly due to the rising popularity of bio-based products and the shift toward cleaner, more sustainable industrial processes.
Fungal glucoamylases play a pivotal role in many sectors, particularly in biofuel production, where they help convert starch into glucose, which can then be fermented into ethanol. With the growing focus on renewable energy, the demand for these enzymes has surged. Moreover, the enzyme's application in the food and beverage industry, particularly in the brewing process, has made it indispensable. It facilitates the production of high-quality alcoholic beverages by ensuring better fermentation efficiency and enhancing flavor profiles.
The demand for fungal glucoamylases has also been spurred by the increasing use of enzymes in pharmaceuticals, animal feed, and even in the textile industry. These versatile enzymes have a significant market share in developing regions, where advancements in agricultural and industrial biotechnology are being made. The ongoing research and development in enzyme formulations have resulted in the creation of more efficient and cost-effective fungal glucoamylases, contributing to the market's expansion.
In terms of market share, North America and Europe lead the way, driven by strong research capabilities, well-established industries, and a supportive regulatory framework. However, Asia-Pacific is expected to witness the highest growth in the coming years, attributed to rapid industrialization and increased demand from emerging economies like China and India.
The growing awareness of sustainable practices and eco-friendly alternatives to traditional chemical processes further bolsters the adoption of fungal glucoamylases. As industries seek greener solutions, the fungal glucoamylase market is poised for continued growth.
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Eaton
Bestzyme
Infinita Biotech
Novozymes
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fungal Glucoamylases Market
Fruit Juice
Beer
Others
Based on Types the Market is categorized into Below types that held the largest Fungal Glucoamylases market share In 2023.
Below 95%
95%-96%
Above 96%
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Fungal Glucoamylases Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Fungal Glucoamylases Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fungal Glucoamylases Market, By Type
6. Global Fungal Glucoamylases Market, By Application
7. Global Fungal Glucoamylases Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fungal Glucoamylases Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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