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Global Microbial Lipase Market 2020 Segmentation, Opportunities, Players, Growth And Consumption
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Lipase is one of the rapidly growing markets in the industrial enzymes market, mainly due to its numerous health and industrial benefits. It helps in the digestion of fats by breaking them down into fatty acids and glycerol. It also helps in controlling appetite and regulates cholesterol levels in the body. Furthermore, lipase performs several functions, such as texturants, flavorants, cleaning agents, and shelf life enhancers and has a range of applications in food & non-food industries.
The global market has been categorized into source, application, and geography. On the basis of source, the lipase market has been segmented into microbial lipases and animal lipases. On the basis of application, the segmentation includes animal feed, dairy, bakery, confectionery, and others. The market has also been segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW).
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This report includes market sizes in terms of value (USD Million) and volume (MT). Both top-down and bottom-up approaches were used to arrive at the market sizes and obtain the market forecast. Extensive secondary research was conducted to understand the market insights and trends, which was further validated through primary interviews. The report provides both, qualitative and quantitative analysis of the lipase market, the competitive landscape, and the preferred development strategies of key players.
The global market size of lipase is projected to reach $590.5 Million by 2020, at a CAGR of 6.5% between 2015 and 2020, with the increasing use of lipase in numerous feeds for livestock. Furthermore, the rising opportunities in emerging markets such as India, China, and Brazil are anticipated to augment the market size of lipases over the forecast period. In 2014, Asia-Pacific was the largest market for lipase. The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period.
The lipase market is oligopolistic & competitive in nature, with few players dominating the market and many small players operating at regional and local levels. The key players in the market adopted new product launches and expansions as their preferred strategies. Key players such as Novozymes A/S (Denmark), E. I. du Pont de Nemours and Company (Genencor) (U.S.), Koninklijke DSM N.V. (Netherlands), and Chr. Hansen Holdings A/S (Denmark) have been profiled in the report.
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