In 2022, the microbial lipase market is anticipated to reach US$ 535.0 million. In terms of value, it is anticipated to increase at a CAGR of 6.8% from 2022 to 2032, reaching US$ 990.2 Million.
Lipases are extremely adaptable microbial enzymes that have piqued the interest of various industrial processes. Lipases can be obtained from a variety of sources, including fungi, bacteria, other microorganisms, animals, and vegetables. Among the lipase sources, microbial lipases had the biggest market share of roughly 62%.
Long-chain triglyceride hydrolysis is catalysed by microbial lipase. Microbial sources of lipase enzymes are conceptually active and proficient, and they also offer a wide range of industrial applications in the production of changed molecules.
The research provides a thorough analysis of the industry, outlining key growth drivers, restraints, opportunities, and current trends. It employs novel research methods to provide the most accurate market analysis.
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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.
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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 :
- Fungi
- Bacteria
- Yeast
By Form :
- Liquid
- Powder
By Application :
- Cleaning Agents
- Animal Feed
- Dairy Products
- Bakery Products
- Confectionery Products
- Others
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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