The microbial lipase market is estimated to be USD 535.0 Million in 2022. It is projected to reach USD 990.2 Million by 2032, growing at a CAGR of 6.8% from 2022, in terms of value.
Lipases are very versatile microbial enzymes and have compelled the attention of several industrial processes. Lipases can be achieved from several sources, fungi, bacteria, other microbes, animals, and vegetables. Microbial Lipases held the largest market share of around 62% among the sources of lipases.
Microbial lipase catalyzes the hydrolysis of long-chain triglycerides. The microbial sources of lipase enzymes are logically dynamic and proficient and also have an extensive range of industrial uses with the manufacturing of altered molecules.
The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
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It includes in-depth insights into the microbial lipase market. Some of these are:
- The estimated value of the market was at US$ 510 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Microbial lipase industry is dominated Asia Pacific.
- The emergence of leading global microbial lipase producers and the increase in the adoption of lipase enzymes are increasing demand for microbial lipases in the Asia Pacific area.
- It is estimated that the powder type of microbial lipases dominates the market for microbial lipase, as consumers prefer.
- Due to their numerous applications in a wide range of food processes, the demand for lipase, especially from microbial sources, is expected to show significant growth in the near future.
- In terms of form, the liquid segment emerged dominant and is likely to continue leading the market through the course of the forecast period.
COVID-19 Outbreak will Impact Growth of the Market
The lockdown due to corona outbreak might severely impact the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a quite possibility that there will be an increase in sales which will be met through existing inventories of the companies in the microbial market.
Growing population along with increasing economic standards has led to increased spending on food services. Like the aforementioned forecasts, however, the market could head to harsh waters.
Who is Winning?
The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are some new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.
Furthermore, mergers and acquisitions continue to be a common strategy among market players. With strategic alliances companies plan to increase their global footprint.
MICROBIAL LIPASE MARKET TAXONOMY
The global Microbial Lipase market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Source :
By Form :
By Application :
- Cleaning Agents
- Animal Feed
- Dairy Products
- Bakery Products
- Confectionery Products
By Region :
- North America
- Latin America
- East Asia
- South Asia
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Key Questions Answered in the Report
How much is the microbial lipases market current worth?
Currently, the market is worth more than USD 530 Mn.
At what CAGR is the market expected to grow?
The microbial lipase market is expected to grow at a CAGR of around 6.8% during the period 2022-2032.
How was the performance in the last five years?
In terms of revenue, the microbial market grew at a CAGR of around 5.5% during 2017-2021.
What are the key trends boosting lipase sales?
Augmenting uses of microbial lipases in several industries, rapid research and development in biotechnology, increasing demand for microbial lipases-based food and beverages, and organic becoming the new trend are the latest trends of microbial lipases being observed in the market.
How are market players reacting to the new developments in the market?
Lipase Market players are opting for technological advancement, strategic alliances, acquiring regional producers, new product developments, and production capacity expansion.
At what level does the report reflect pricing analysis?
The report presents a detailed cost analysis of Microbial Lipases based on source, i.e fungi and bacteria.
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