Global Lipase in Animal Feed Market – Industry Trends and Forecast to 2029

Lipase in Animal Feed Market Analysis and Size

The rapid advancements in microbiology have aided the growth of the global lipase in animal feed market. Increasing consumer awareness of the benefits of animal health will act as a factor for the lipase in animal feed market during the forecast period.

Data Bridge Market Research analyses that the lipase in animal feed market was valued at USD 413.08 million in 2021 and is expected to reach the value of USD 683.65 million by 2029, at a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Lipase in Animal Feed Market Scope and Segmentation

Market Definition

Lipase is an enzyme that aids in fat hydrolysis, reducing human glycerol and thus fatty acid production. Lipase plays an important role in digestion by removing ester attachments from triglycerides. This also aids in the control of optimal pancreatic enzyme levels, which aids in the reduction of diabetes, cholesterol, obesity, and elevated triglycerides.

Lipase in Animal Feed Market Dynamics

Drivers

• Growing concerns on animal health

The primary factors ensuring the global lipase in animal feed market's steady growth are widespread modernization, sweeping migration (particularly in developing countries), and the prevalence of chronic illnesses due to poor dietary habits, and changing consumer tastes and preferences. The growing concerns on animal health and improvement in standardisation of animal feed will likely propel the growth of lipase in the animal feed market during the forecast period of 2022-2029.

• High demand from the various end user industry

The increasing industrial application of lipase in animal feed in cleaning agents, animal feed, bakery and confectionery products, and other segments, as well as the growing use of Lipase in Animal Feed in dairy products, bakery products, and confectionery products, are the major factors driving the Lipase in Animal Feed market growth. Growing awareness about the benefits of animal health among animal farmers is another important factor acting as a lipase in animal feed market growth determinant.

Opportunity

Growth in the food and beverage industry and increased demand for the product in the healthcare industry will provide numerous opportunities for the growth of the lipase in animal feed market during the forecast period.

Restraints

Transparency issues in patent protection laws will act as a market restraint for lipase in animal feed growth during the forecast period.

This lipase in animal feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the lipase in animal feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Lipase in Animal Feed Market

The coronavirus pandemic has harmed most of the lipase in the animal feed market's manufacturing, development, production, and logistics units. However, some industries have grown during the pandemic, and the microbial products market is one of them. Although industries such as agriculture, which are closely related to the microbial products industry, have seen a significant decline in growth, the microbial product market is still exhibiting tremendous growth in the Covid-19 period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Lipase in Animal Feed Market Scope

The lipase in animal feed market is segmented on the basis of source, form, and function. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Source

• Microbial Source
• Animal Source
• Plant Source

Form

• Powder
• Liquid
• gel

Function  

• Frozen Food and Beverage Additive
• Food and Beverage Texturants
• Others

Lipase in Animal Feed Market Regional Analysis/Insights

The lipase in animal feed market is analysed and market size insights and trends are provided by country, source, form, and function as referenced above.

The countries covered in the lipase in animal feed market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the microbial lipase market due to the increased use of enzymes in animal feed, dairy products, cleaning agents, and toiletries. Asia-Pacific, on the other hand, is expected to show profitable growth and a healthy CAGR as a result of increased adoption of lipase enzymes, increased awareness of personal hygiene, and end consumer demands for higher quality livestock feed within the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 in Animal Feed Market Share Analysis

The lipase in animal feed 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 in animal feed market.

Some of the major players operating in the lipase in animal feed market are:

• Novus International (U.S)
• DSM (Netherlands)
• Kerry Group Plc (Ireland)
• Chr. Hansen Holding A/S (Denmark)
• Lallemand Inc. (Canada)
• Angel yeast Co., Ltd (U.S.)
• Lesaffre (France)
• AB Mauri (U.K.)
• Laffort (France)
• Alltech (Nicholasville)
• Imperial yeast (U.S.)
• DCL Food Distributors (South Africa)
• Agrano GmbH & Co. KG (Germany)
• UNIFERM GmbH & Co. KG (Germany)

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