Galactosidase Market Revenue, Key players, Trends, share and forecast till 2028
The size of the global galactosidase market was quite healthy in 2020, and it is anticipated to grow at a double-digit revenue CAGR throughout the forecast period. Increases in the geriatric population, the prevalence of chronic diseases, the frequency of genetic disorders like Fabry disease, and the increased prevalence of lactose intolerance among people all contribute to the market’s robust expansion. Other significant drivers of the worldwide galactosidase market growth include an increase in the number of genetic research carried out globally, an increase in pharmaceutical R&D activities and clinical trials, and rising demand across the food & beverage and pharmaceutical industries.
The enzyme galactosidase (also known as a glycoside hydrolase) serves as a catalyst in the breakdown of galactosides into monosaccharides. The two major categories of galactosidases are alpha- and beta-galactosidase. It is known that the alpha-galactosidase catalyses the hydrolysis of substrates containing -galactosidic residues, such as glycoproteins or glycosphingolipids. Contrarily, beta-galactosidase converts the monosaccharides glucose and galactose, which make up beta-galactosidase, from the disaccharide lactose. Galactooligosaccharides are used as a prebiotic ingredient in a variety of functional meals. They are created through the transfer reaction of alpha-galactosides. It is widely used as a biochemical tool for structure analysis in the biotechnology sector.
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Top Players in the Global Galactosidase Market:
Biocompare Inc., Prospec-Tany Technogene Ltd., Megazyme Ltd., JINAN BESTZYME BIOENGINEERING CO. LTD., Novozymes, Amano Enzyme, Inc., Advanced Enzymes, QA-Bio, Bestochem Formulations Ltd., ISU ABXIS, Pharming Group, Protalix Biotherapeutics, and Aumgene Biosciences
Alpha-galactosidase deficiency in leukocytes causes the rare genetic disorder Fabry disease in humans. Alpha-galactosidase-based enzyme replacement therapy is thus a successful cure for this illness. For the hydrolysis of lactose in milk or milk products, beta-galactosidase is an extensively utilised enzyme in the dairy industry. For patients who are lactose intolerant, it is also used to produce dairy products without lactose. Additionally, the cheese industry’s waste product, dairy whey, is frequently treated with this enzyme. Whey disposal has grown to be a significant environmental issue since it is dumped into water streams, seriously contaminating the water.
Market segmentation based on Product Type Outlook:
- Alpha Galactosidase
- Beta Galactosidase
- Food & Beverages
- Pulp & paper
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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