Global Lipase Market – Growth, Trends and Forecasts (2017 - 2022)
The global lipase market is expected to reach USD XX million by 2022, registering a CAGR of 6.6% during 2017-2022 (the forecast period).
Lipases are widely used in the Animal Feed, Dairy, Bakery, and Confectionery Industries
Lipases help in the prevention of health-related issues, such as diabetes, cholesterol, obesity, high triglycerides, and health disorders, caused by the consumption of high fat and carbohydrate food items. Lipases are produced with the help of microbial sources, such as yeast, bacteria, and fungi. Bacterial lipases and fungi lipases are the most preferred types in the enzymes industry. Microbial lipases can be more efficient than the ones obtained from animals, and plants.
Animal Feed Industry use Lipase as a Healthy Alternative to Chemical Ingredients
Increasing consumption of dairy, meat, and other food products is driving the growth of the lipase market. Additionally, the rising awareness among people, about the need for healthy and non-chemical ingredients, is pushing several industries to use lipase enzymes. As a major ingredient in the food industry, it is used to improve food quality and enhance the flavor of individual food items, further improving the texture, softness and shelf life in some food products.
The lack of transparency in the laws and regulations, concerning lipase patents across the world, is a primary restraining factor for the market growth.
South American lipase market is expected to register the highest CAGR
Asia-Pacific leads the global lipase market, followed by North America, Europe, South America, and Africa. China, India, and Japan drive the Asia-Pacific region, owing to the increasing consumption of food & beverages, dairy, and other food products. Meat and beverages industries in the United States drive the market for lipases in North America.
Major Market Players Include:
Novozymes A/S Chr. Hansen Holdings A/S E. I. du Pont Nemours and Company Amano Enzyme Associated British Foods Plc Our Global Lipase Market Report Covers:
Market trends & dynamics Factors driving and restraining the demand for lipase, both, globally and regionally Latest News & developments Porter’s five force analysis Investment scope Deep-dive insights