Global Lipase Market, By Source (Microbial Lipases and Animal Lipases), Application (Animal Feed, Dairy, Bakery, Confectionery and Others), Form (Liquid, Powder and Gel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the lipase market will witness a CAGR of 6.8% for the forecast period of 2021-2028. Rising consumption of carbohydrates and fatty foods and rising health disorders due to bad eating habits may drive the growth of lipase market value.
Lipase is an enzyme that catalyses the hydrolysis of fats. Lipase helps in the formation of glycerol and fatty acids in the living beings. This means that lipase helps to burn down and digest fats. However, when the body produces excess lipase, it can lead to pancreatitis, also known as inflammation of pancreas. Lipase plays an important role in the process of digestion by transporting and processing the ester bonds. Lipases help in tackling diabetes, cholesterol, obesity and high triglycerides which can get triggered due high consumption of carbohydrates and fatty food items. Lipases are produced with the help of microbial sources such as yeast, bacteria and fungi.
Rising concerns and awareness about animal health is fostering the growth of lipase market. Rising consumption of meat products as a result of rising population is in turn bolstering the growth of lipase market. In food items, lipase is used to improve the food quality by improving their flavours, improving the texture and enhancing the shelf life. Thus, growth and expansion of food and beverages industry will directly influence the growth of lipase market. Multiple health benefits associated with lipase will create growth opportunities for market.
However, lack of transparency in the law of patent protection will create challenges in the lipase market growth. Weak food processing technological infrastructure in low and middle class economies will further reduce the lipase market growth rate. Low expenditure on the research and development proficiencies in this direction in low and middle class economies will also hamper the market growth rate.
This lipase market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research lipase market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Lipase Market Scope and Market Size
The lipase market is segmented on the basis of source, application and form. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of source, the lipase market is segmented into microbial lipases and animal lipases.
- On the basis of application, the lipase market is segmented into animal feed, dairy, bakery, confectionery and others.
- On the basis of form, the lipase market is segmented into liquid, powder and gel.
Lipase Market Country Level Analysis
The lipase market is analysed and market size, volume information is provided by country, source, application and form as referenced above.
The countries covered in the lipase market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the lipase market in terms of market share and market revenue. The region is set to continue to flourish its dominance over the forecast period. Increasing usage of lipase in animal feeds for livestock is fostering the growth of market in this region. Growth and expansion of food and beverages industries especially in the developing economies is responsible for this unprecedented lipase market growth. The region is also expected to undergo a substantial growth rate during the forecast period and project the highest compound annual growth rate (CAGR) for this period. Growing demand for processed food and rising awareness about the ingredients in food items are the two factors fuelling up the growth rate. Rising consumption of bakery and confectionary items and meat products as a result of ever-rising population will also act as a market growth determinant. India and China will emerge as the major contributors from this region.
The country section of the lipase market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lipase Market Share Analysis
The lipase market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lipase market.
The major players covered in the lipase market report are Novozymes, DuPont, DSM, Chr. Hansen Holding A/S, AB Enzymes, Advanced Enzyme Technologies., Amano Enzyme Inc., Associated British Foods plc, Enzyme Development Corporation, Sacco System by Sacco srl, Renco, Aumgene Biosciences and Manzon among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.