Microbial Lipase Market Share, Industry Trends, Analysis, Opportunity and Forecast To 2030
As per the MRFR reports, the global microbial lipase market is projected to attain a market size of over USD 819.2 million while registering a CAGR of approximately 6.50% by the end of 2027.
The global market for microbial lipase has witnessed
massive growth over recent years. The market's growth is mainly being driven by
increasing consumer awareness related to the advantages of microbial lipase. Furthermore,
the factors such as growing use across the dairy industry, growing demand for the
confectionery industry, and the rising consumer shift towards the ready to eat
food products. However, the market growth is anticipated to be impeded by the
lack of clarity in the patent protection law.
Segment
Analysis
The global Microbial
Lipase Market Share is divided into several segments based on application,
form, source, and region.
The microbial lipase market is bifurcated on
application into confectionery, bakery products, dairy products, animal feed, cleaning
agents, and others.
Considering the source, the market is divided into
bacteria and fungi.
Based on form, the global market is split into powder
and liquid.
Regional
Analysis
The global Microbial
Lipase Market Trends are studied across five major regions: North America,
South America, Asia-Pacific, Europe, and the Middle East & Africa.
The North American regional market for microbial
lipase dominated globally in 2018 with a total contribution of over 35%. The
regional market will likely maintain the top position over the review
timeframe. The regional market's growth is mainly being driven by the
increasing use of the product in dairy products. Furthermore, the growing
adoption from manufacturers of toiletries and cleaning agents is another vital
parameter contributing to the regional market's growth. The US is the prime
growth contributor across the North American region.
The European regional market for microbial lipase held
the second position globally in 2018 with a contribution of 30%. The regional
market is projected to register substantial growth during the forecast period.
The microbial lipase market for the Asia-Pacific region is likely to grow rapidly over the assessment timeframe. The regional market's growth is attributed mainly to technological advancement in developing nations. Countries such as Japan and China are the major growth contributors.
Competitive
Analysis
The global market for microbial lipase is flooded with
a wide number of players spread worldwide. The players across the market are
investing heavily in the research & development of new products to lead the
market globally. The list of prominent players in the microbial lipase market
includes Biocatalysts Ltd (UK), Aumgene Biosciences (India), Creative Enzymes
(US), Advanced Enzymes (India), Associated British Foods Limited (UK), Chr.
Hansen A/S (Denmark), Novozymes AS (Denmark), Meito Sangyo Co., Ltd. (Japan),
Enzyme Development Corporation (US), DowDupont Inc. (US), Amano Enzyme USA Co.,
Ltd. (US), Koninklijke DSM N.V. (Netherlands), and several others.
Recent
Developments
·
November 2021- Lee Health Domain, a Hyderabad-based firm,
announced the development of a pancreatic enzyme blend obtained from a vegetarian
source to resolve pancreatic exocrine insufficiency and launched the drug by
the brand name Enzymeact which helps in the digestion of food. People with
pancreatic exocrine insufficiency suffer from a problem with digesting food
properly because of cystic fibrosis, lack of digestive enzymes, pancreas
removal or long-term pancreatitis, as said by the Domain director at Lee
Health, Leela Rani.
The latest tablet by the company
contains amylase, lipase, and protease and are obtained from vegetarian sources
by microbial fermentation technology. Amylase helps in digestion by splitting
carbohydrates, whereas protease aids in the digestion of dietary proteins to
enable absorption of amino acids, and lipase breaks down fats in food to aid
better absorption in the intestine.


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