PYRANOSE OXIDASE MARKET: OVERVIEW AND DYNAMIC
Pyranose oxidase is commonly known as glucose 2-oxidase, which is used to catalyze the oxidation of D-glucose or aldopyranoses to yield 2-ketoaldoses by the reduction of oxygen to Hydrogen peroxide at second carbon. Pyranose oxidase is an oxidoreductase that is dependent on the flavin of the oxidoreductase superfamily of glucose- methanol- choline.
Pyranose oxidase is being used in the bio element in the bio fueling of cell replacing the rooted glucose oxidase. It is also being utilized as a biocatalyst in various biotechnological applications. The most adequate appositeness of Pyranose oxidase is biotransformation of carbohydrate to obtain virtual pure ketoses which have wide application in food technology. These factors are driving the Pyranose oxidase market favourable. The advantage of Pyranose oxidase over the long-used glucose oxidase is that it has a reaction center for both α and β anomers of D-glucose.
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With abounding benefits, there are a few drawbacks of Pyranose oxidase which act as a restraint for the market. The restraint for the Pyranose oxidase market is that it is being found only in the wood degrading fungi. The determination of its analytical use, such as its use in clinical chemistry for the assurance of 1, 5-anhydro-d-glucitol, which is an effective marker for glycemic regulation in diabetic patients, is an opportunity for the Pyranose oxidase market.
PYRANOSE OXIDASE MARKET: COVID-19 IMPACT INSIGHTS
The impact of the pandemic on the Pyranose oxidase market was mind-boggling and unprecedented. The pandemic COVID-19 had a devastating effect on the global economy due to forced lockdowns and absolute shutdowns in almost every part of the world. In the first half of the year, most industries’ manufacturing and supply chains experienced a significant drop. Following the introduction of government legislation in the third quarter, multinational corporations began manufacturing, increasing Pyranose oxidase sales.
COVID-19 impact on the Pyranose oxidase market was negative due to the decrease in the demand for the product due to the closure of various research institute. The termination of various food & beverage industries all around the globe caused a huge impact on the economic conditions of people. Manufacturing halts clogged the economy’s veins and damaged the economy. Furthermore, the lockdown has begun to rise in a few regions, providing a ray of hope for the Pyranose oxidase market to rebound strongly. With the rise in demand in the biotechnology industries and food and beverage industries, sales increased.
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PYRANOSE OXIDASE MARKET: SEGMENTATION
The Pyranose oxidase market can be segmented into four major categories based on the type, application, end-use and region.
On the basis of type Pyranose oxidase market can be classified into:
- Powdered
- Liquid
On the basis of application, the Pyranose oxidase market can be classified into:
- Biosensing
- Biofuel
- Baking
On the basis of End-use, the Pyranose oxidase market can be classified into:
- Biotechnology Industries
- Food and Beverage Industry
On the basis of region, the Pyranose Oxidase market can be classified into:
- North America
- Latin America
- Europe
- The Asia Pacific and Oceania
- MEA
PYRANOSE OXIDASE MARKET: REGIONAL IMPACT
Out of the five major regions, North America, Latin America, Europe, Asia Pacific and Oceania, and MEA, the demand for Pyranose oxidase is primarily seen in MEA, owing to the highest age-adjusted incidence of diabetes in adults in 2019. The key players are putting more effort into innovating goods by expanding the product’s use in more useful ways.
Since Denmark is home to major international pharmaceutical companies that began in the early 1990s and have built their base on the booming life science market, Europe is among the top players for Pyranose oxidase. With various collaboration between the companies, public health care centre and university Denmark is the hotspot for the revolutionary research and development sector.
The Asia Pacific and North America are among the region which is subsidizing toward the escalating application in biosensors. China contributes 36.7% whereas the U.S accounts for 21.8% in the biosensor industry.
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PYRANOSE OXIDASE MARKET: KEY PLAYERS
The chemical market is highly fragmented. One that is fragmented allows both global and local players to participate, in the case of the Pyranose oxidase market, there are just a few, albeit well-known players who control a large portion of the market. The well-established player includes
- Ikeda tohka Industries
- Enzymaker Lab
- CUSAg
The increased application in research and development and development has increased its demand historically.
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