Us Fungal Glucoamylases Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Fungal Glucoamylases Market was valued at USD 0.65 Billion in 2022 and is projected to reach USD 1.02 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030.
The U.S. fungal glucoamylases market is experiencing significant growth, driven by the increasing demand for enzymes in various industries such as food and beverage, biofuel production, and pharmaceuticals. Glucoamylases, enzymes that convert starches into glucose, are essential in these sectors for processes like sweetener production, fermentation, and ethanol manufacturing. In the food and beverage industry, glucoamylases are utilized to produce high-glucose and high-fructose syrups, which are key ingredients in products like soft drinks, baked goods, and confectioneries. The rising consumer preference for processed and convenience foods has significantly boosted the demand for these enzymes. The biofuel sector also contributes to the market's expansion. Glucoamylases are crucial in the production of ethanol from starch-based materials, a process that is gaining momentum as the U.S. seeks to increase its renewable energy sources. Pharmaceutical applications of glucoamylases include their use in digestive aids and other medical formulations. The versatility of these enzymes across multiple industries underscores their importance in the U.S. market. Market projections indicate a robust growth trajectory for the U.S. fungal glucoamylases market. The market is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2033, with the market value rising from $834.2 million in 2023 to $1,283.1 million by 2033. This growth is attributed to the expanding applications of glucoamylases and the increasing demand for enzyme-based solutions across various industries. The U.S. holds a significant share of the North American fungal glucoamylases market, accounting for 32.2% with a value of $268.6 million in 2023. This dominance is due to the country's advanced industrial infrastructure, substantial investments in research and development, and a strong presence of key players in the enzyme production sector. In summary, the U.S. fungal glucoamylases market is poised for substantial growth, driven by the enzyme's diverse applications and the increasing demand for enzyme-based solutions in various industries. The market's expansion reflects broader trends in biotechnology and industrial processing, highlighting the critical role of enzymes in modern manufacturing and production processes.
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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
Aspergillus species
Rhizopus species
Candida species
Beverage industry
Baking industry
Starch processing
Animal feed
Liquid formulations
Granular formulations
Powder formulations
Enzyme blends (coupled with other enzymes)
Food and beverage manufacturers
Pharmaceutical companies
Animal feed producers
Biotechnology firms
Research and development laboratories
Fermentation-based production
Enzymatic synthesis
Transgenic production
Conventional extraction methods
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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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