Lipase Market was valued at US$ 420 Mn. in 2021 and the market size is estimated to grow at a CAGR of 6.03% to reach US$ 670.93 Mn. by 2029.
Lipase Market Overview:The report explores the Lipase market's segments (Type, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Lipase market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Lipase market's contemporary competitive scenario. To know about the Research Methodology :- Request Free Sample Report
Lipase Market Dynamics:Lipase Market is showing northward direction growth, thanks to the growing adoption among several industries due to its health and industrial advantage. It also finds huge applications in animal feeds and medical and diagnostic use. Lipases are widely used in a variety of biotechnological applications because they can hydrolyze lipids into glycerol synthesis and fatty acids in the presence of water-lipid interference and then reverse the process in a non-aqueous media. It is expected that lipase enzymes will vitalize the growing demand in industries such as pharmaceuticals, chemical industries, biotechnology laboratories, cosmetics, and others. There is growing awareness about animal health among consumers, as they are careful while buying animal feed products with chemical ingredients. It is a good alternative to chemical additives. The growth prospects of the global lipase market are expected to impact by an increase in demand to modify the flavor and fragrance compounds in the food products. Insufficiency and Non-appearance of lipase in the body brings about elevated cholesterol, the high hazard of muscle fits, diabetes, diminished cell porousness, and significant levels of triglycerides in the body. Vulnerabilities in patent insurance laws are limiting market growth. The restriction represses the global lipase market in the absence of straightforwardness in the law of patent security across the globe. Lipase Market Trends: Demand for lipase is expected to increase for the production of various house cleaning products and detergents. Manufacturers across the globe are continuously looking for various lipases such as amylases and proteases because lipase enzyme application enables removing the fatty residues and offers products with enhanced efficiency. The major enzyme-consuming sector is the detergent industry. The increased demand for lipase in the detergent sector is due to the growing requirement to unclog clogged drains and remove fatty deposits. Lipases are commonly used in the food industry due to their substrate specificity, such as changing flavors by combining esters of short-chain unsaturated fats or specific hydrolysis of fat triglycerides to discharge unsaturated fats or removing fat from a few food items. Consumption of lipase prevents diabetes, cholesterol, and obesity. COVID-19 Impact: The COVID-19 outbreak has affected economies and industries in various countries due to lockdown, travel bans, and business shutdowns. As a result of this outbreak, the global food and beverage industry faced serious disruptions such as supply chain breaks, technology event cancellations, and office shutdowns. Moreover, consumer demand has also subsequently reduced as individuals are now keener on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak.
Lipase Market Segment Analysis:Based on Type, The Lipase Market is segmented into animal lipases & microbial lipases. The microbial lipases segment held the largest market share accounting for more than 60% in 2021. The growing demand for microbial lipases is attributed to it superior properties including catalytic behavior, high yield, convenient genetic modification, along with high microbial rate.Based on Application: The Lipase Market is segmented into animal feed, dairy, bakery, confectionery, and others. The animal feed segment dominated the market and held the largest market share in 2021. The growing need for animal nutritional intake combined with the yield of high-quantity animal products for better meat are boosting the segment growth.
Lipase Market Regional Insights:The Asia Pacific region held the largest market share accounting for 35.5% in 2021. The growing demand for processed foods, combined with rising awareness of health-conscious products, is a major driver of the growth of enzymes which is thus fuelling the growth of regional market. A recent development in the bakery and processed dairy items are required to boost the growth of the market during the forecast period. The North American region is expected to witness significant growth during the forecast period. Europe has shown an extensive development in the worldwide market inferable from rising confectionery development right now. Advanced technologies are emerging in Europe to produce genetically modified organisms strains, which can perform in adverse operational conditions and improve process efficiency. The objective of the report is to present a comprehensive analysis of the global Lipase Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Lipase Market dynamic and structure by analyzing the market segments and projecting the Barium Fluoride Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Barium Fluoride Market make the report investor’s guide.
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Lipase Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US$ 410 Mn. Forecast Period 2022 to 2029 CAGR: 6.03% Market Size in 2029: US$ 670.93 Mn. Segments Covered: by Type • Microbial Lipase • Animal Lipase by Application • Animal feed • Dairy • Bakery • Confectionery • Others
Lipase Market by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Lipase Market Key Players:• E. I. du Pont Nemours and Company • Koninklijke DSM N.V. • Renco New Zealand • Clerici-Sacco Group • Associated British Foods Plc. • Advanced Enzymes • Enzyme development corporation • Amano Enzymes Inc. • Novozymes A/S • Chr. Hansen Holdings A/S Frequently asked questions 1. What are the major industry drivers? Ans - Availability of advanced diagnostic facilities, improving healthcare infrastructure, and growing technological advancements are the major drivers of the industry. 2. What are the significant end-use sectors in the market? ANS- The significant end-use sectors in the market are diagnostic laboratories, special clinics, hospitals, and research centers. 3. What is the size of the lipase market? Ans- The lipase market is expected to grow at a 6.03% CAGR during the forecast period 4. What are the applications of lipase? Ans – Lipase is largely used in the food and beverage sector. The market is also gaining demand through applications in the production of cleaning products such as detergents. 5. From what sources can lipase be extracted? Ans- Manufacturers produce lipases from 3 key sources plant, animal, and microbial.
1. Global Lipase Market Size: Research Methodology 2. Global Lipase Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Lipase Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Lipase Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Lipase Market Size Segmentation 4.1. Global Lipase Market Size, by type (2021-2029 • Microbial Lipase • Animal Lipase 4.2. Global Lipase Market Size, by application (2021-2029) • animal feed • Dairy • Confectionery • bakery • others 5. North America Lipase Market (2021-2029) 5.1. North America Lipase Market Size, by type (2021-2029) • Microbial Lipase • Animal Lipase 5.2. North America Lipase Market Size by application (2021-2029) • Animal feed • Dairy • Confectionery • bakery • others 5.3. North America Lipase Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Lipase Market (2021-2029) 6.1. European Lipase Market, by type (2021-2029) 6.2. European Lipase Market, by application(2021-2029) 6.3. European Lipase Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Lipase Market (2021-2029) 7.1. Asia Pacific Lipase Market, by type (2021-2029) 7.2. Asia Pacific Lipase Market, by application (2021-2029) 7.3. Asia Pacific Lipase Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Lipase Market (2021-2029) 8.1. Middle East and Africa Lipase Market, by type (2021-2029) 8.2. Middle East and Africa Lipase Market, by application (2021-2029) 8.3. Middle East and Africa Lipase Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Lipase Market (2021-2029) 9.1. South America Lipase Market, by type (2021-2029) 9.2. South America Lipase Market, by application (2021-2029) 9.3. South America Lipase Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. E. I. du Pont Nemours and Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Koninklijke DSM N.V. 10.3. Renco New Zealand 10.4. Clerici-Sacco Group 10.5. Associated British Foods Plc. 10.6. Advanced Enzymes 10.7. Enzyme development corporation 10.8. Amano Enzymes Inc. 10.9. Novozymes A/S 10.10. Chr. Hansen Holdings A/S