Lipase Market

Lipase Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Lipase Market grew at a CAGR of 5.2% between 2017-2021 and is estimated to be US$ 802.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.0% and is expected to reach a valuation of US$ 1,436.8 Mn by 2032 end.

Besides helping with digestion, the pancreatic enzyme lipase also facilitates the movement of dietary fats throughout the body. This could result in a rise in lipase demand over the anticipated period. The lipase market is anticipated to grow significantly throughout the projected period due to several variables, including an exponential increase in digestive issues and expanded application possibilities across industries.

Market Dynamic

THE NEED TO CURB THE WIDESPREAD OF ILLNESS CONTRIBUTE TO THE GROWTH OF THE GLOBAL LIPASE MARKET

Consuming fatty foods and foods high in carbohydrates has been linked to increased health problems such as indigestion, bloating, and stomach pain. Global demand for lipase has increased due to the growing need to limit the spread of these illnesses.

The prevalence of high triglyceride levels, obesity, cholesterol, celiac disease, and other conditions continues to support the expansion of the global lipase market. Due to its numerous advantages, including improved texture, flavor, and shelf life, lipase is increasingly in demand in the food sector.

LACK OF TRANSPARENCY IN THE LAW OF PATENT PROTECTION WILL CREATE CHALLENGES IN THE LIPASE MARKET GROWTH

The growth of the lipase market would face difficulties due to the lack of clarity in patent protection rules. The technological infrastructure for food processing in developing and middle-income countries is inadequate, slowing the market’s expansion even more. The market growth rate will be hampered by poor expenditure on research and development capabilities in this direction in low and medium-income economies.

RISING CONCERNS AND AWARENESS ABOUT ANIMAL HEALTH IS FOSTERING THE GROWTH OF THE LIPASE MARKET

The lipase market is expanding as people’s worries, and understanding about animal health are increasing. Population growth and rising meat consumption contribute to the need for lipase expansion. Lipase is used in food products to improve food quality by enhancing flavors, texture, and shelf life. Therefore, the food and beverage industry’s development will directly impact the lipase market’s growth. Lipase has a variety of health advantages that will spur market expansion.

Market Segments Covered in Report

By Source:

• Microbial Source
• Animal Source
• Plant Source

By End-Use:

• Dairy
• Animal Feed
• Food
• Chemicals
• Others

By Form:

• Liquid
• Powder
• Gel

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

What makes the microbial source of lipase the largest and fastest-growing segment in the lipase market?

Microbial lipases are the most prevalent and fastest-growing segment due to their application features’ versatility and mass production simplicity.

Due to their wide range of enzymatic properties and substrate selectivity, microbial lipases are very attractive for commercial applications.

Which is the largest end-use application in the lipase market?

The food industry is anticipated to hold the greatest market share for lipase based on end-use. The potential of these foods to support our ability to keep a healthy gut is the reason. These aid in enhancing metabolism.

One of the key functions of lipase is also thought to be the transport of dietary lipids in the body. In addition, they have proven successful in preserving a robust pancreas. All of these factors have compelled manufacturers who work in the food industry to use lipase.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 31.0%, the growing demand for processed foods and growing consumer awareness of products that promote good health are the main drivers of the expansion of enzymes like lipase in Europe. It encourages the growth of the lipase market.
• The largest market during the projection period is anticipated to be North America. North America was the largest market in 2021, with a value of US$ 263 Mn and a share of over 05%. The popularity of lipase in dairy-based products is growing tremendously, and North America is one of the major dairy markets in the world.

Competition Analysis

With an increasing number of both foreign and domestic players, the worldwide lipase market is becoming increasingly fragmented. The active firms are expanding their production capacity and developing new products to seize a sizable share of the global market due to lipase’s broad usage across numerous end-use industries.

Some of the key developments that have taken place in the Lipase Market include the following:

A list of some of the key suppliers present in the market are:

• Hansen Holdings A/S
• Amano Enzymes Inc.
• Clerici-Sacco Group
• Novozymes A/S
• Renco New Zealand
• Associated British Foods Plc
• Sacco and Dohler
• Koninklijke DSM N.V.
• Advanced Enzymes

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.