Dextranase Market Size, Share, Growth, and Industry Growth by Type (Food Grade and Feed Grade), By Application (Feed, Food Industry and Beer Industry), Regional Forecast To 2031

Updated On: 08 April 2024

Dextranase Market REPORT OVERVIEW

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The global dextranase market size was USD 304.35 million in 2022 and is projected to touch USD 454.34 million by 2031, exhibiting a CAGR of 4.55% during the forecast period.

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Dextranase is a branched polysaccharide that is made of many glucose molecules that are joined together into chains of different lengths. It is brown liquid or yellow powder. It is obtained through submerged fermentation using Bacillus Licheniformis strains. The enzyme is an endonuclease acting β- glucan 1,3 and 1, 4 glycosidic bonds and three -5 glucose units oligosaccharides and glucose. The product can break β- glucan in wheat and cereals endosperms cell walls. It helps in maintaining the stable quality of beer and prevents cloudiness on the beer.

 The growing demand for dextranase is due to its applications in making various products. It is used in biochemical and pharmaceutical industries due to its low molecular weight. The demand is also derived from therapeutic applications such as cross-linking and drug distribution. It also finds its industrial applications such as synthesis of oligosaccharides, clearance of dextran contaminants for manufacturing of cane sugar, and helps in prevention of dental caries. It is also used in the sugar industry for making sugar.

COVID-19 Impact: Restraints on Various Industries to Hinder Market Growth

The effects of the COVID-19 pandemic are already being felt on a global level, the global market was significantly influenced. The outbreak of COVID-19 had a negative impact on several markets. Various countries went into lockdown. With sudden pandemic, all kinds of businesses observed disruptions. With many restrictions in the pandemic, different types of markets were negatively impacted. Restrictions on the operations of various industries halted the demand for simultaneous products. Main demand for the product is derived from food and beverage, medical, biochemical, pharmaceutical, industries. Halt on the food and beverage industry such as beer and sugar industries. Demand for the product was maintained owing to the demand for medical products in the medical industry. Halt on production operations of the industries affected the supply and demand for the product and impacted the growth for the market.

LATEST TRENDS

"Demand from Medical Industry to Improve Market Progress"

The global dextranase market growth is anticipated to boost owing to its applications in the medical industry. Use of dextranases for drug delivery of medications for colon. They are polymers that replicate organic sugars on tissue surfaces. Use of glutaraldehyde dextran as a capsule for colon drug delivery. Dextran capsules are treated with dextranase solution which is used in the production of drug to the colon, so that it is broken down and the drug is released as a dosing pump. Such increasing applications of the product in the medical industry is anticipated to drive the market growth.     

Dextranase Market SEGMENTATION

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• By Type

Based on type; the market is divided into food grade and feed grade.

• By Application

Based on application; the market is divided into feed, food industry and beer industry

DRIVING FACTORS

"Use of Product for Various Applications to Strengthen Market Growth"

The global dextranase market growth is anticipated to boost owing to its uses in various industries. Use of the product in synthesis of oligosaccharides and potential oral wash ingredients after isomaltose is used to prevention of dental caries. It is also used for clearance of dextran containments in the manufacturing of cane sugar. Dextran hydrogel device with mechanical and biochemical properties offers a promising future for cell culture and tissue engineering applications. Hydrogels are used for biomaterials such as drug delivery, contact lenses, and drug delivery vehicles. It has favorable applications in the future in biotechnological and scientific sectors. Such applications of dextranase are anticipated to drive the market growth.     

"Usage of Product in Various Industries to Drive Product Demand"

Increasing demand for dextranase is growing due to its applications in various industries. It is used in various industries for various applications in different industries such as biochemical and pharmaceutical industries owing to its lower molecular weight of the product. It is used as an alternative for blood plasma. It is also used for drug distribution and cross-linking for therapeutic applications. They are also used commonly as anti-tracers in neurons. Such growing demand due to its various applications in various industries is anticipated to fuel the demand in the dextranase market.   

RESTRAINING FACTORS

"Awareness Regarding Excess Consumption of Sugar to Hamper Market Growth"

There are a number of factors that can push the growth of the dextranase market. Awareness regarding consumption of excessive sugar and sugar products is expected to restrain the market growth. dextranase is used primarily in making sugar and awareness regarding excess consumption can hamper the product demand for related products as well. This factor is anticipated to restrict and limit the market growth.   

Dextranase Market REGIONAL INSIGHTS

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"Asia Pacific to Lead Market Due to Growing Beer Industry"

Asia Pacific holds the largest part of the global dextranase market share due to increasing growth of the beer industry. Emergent demand for low-calorie drinks in the region is anticipated to drive the market growth. China has leading consumption of beer in the region. Growing biochemical and pharmaceutical industries in the region are expected to drive the market growth. Growing sugar and food industries of the region are anticipated to drive demand for the product. Use of the product for mechanical and biochemical properties in various cell culture and tissue engineering applications is facilitated to drive the market growth for the region.  

KEY INDUSTRY PLAYERS

"Market Players to Boost Market Growth"

The report delivers information about the list of market players and their operations in the industry. The information is collected and reported with proper research, technological developments, acquisitions, mergers, expanding production lines, and partnerships. Other aspects examined for this market include companies producing and introducing new products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Novozymes (Denmark)
• Amano (Japan)
• Specialty Enzymes (U.S.)
• Aumgene Biosciences (India)
• Dyadic Netherlands (Netherlands)
• EN Group (Russia)
• SunHY (China)
• Sunson (China)
• Vland Biotech Group (China)
• Shandong Longda Bio-Products (China)
• Yangshao Bo-Chemical
• Zaozhuang Jienuo Enzyme (China)
• Hunan Hong Ying Xiang Biochemistry (China)
• Shandong Sukahan Bio-Technology (China)
• Hunan Lerkam Biology (China)
• Youtell Biotechnology (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.