Global Microbial Lipase Market to Surpass US$ 915.9 Bn by 2029
The global food-grade gases market is projected to reach US$ 915.9 Bn by the end of 2029. The market was valued at US$ 510 Bn in 2019. If these figures hold true, the market will exhibit a steady CAGR between 2019 and 2029. The increased use of enzymes in dairy foods, toiletries, cleaning agents, and feeds for animals is expected to fuel development in the global market for microbial lipases. Asia Pacific is expected to dominate the global market for microbial lipase, due largely to increased demand.
Key Research Findings
- Increased understanding of animal safety and quality of animal products and increased consumption of enzyme-modified cheese (EMC) and enzyme-modified dairy ingredients (EMDI) have leveraged the market to a large extent.
- Asia Pacific dominated the microbial lipase market, owing to the rise in dairy consumption by the region's population, which has fuelled the growth of its processed dairy products industry.
- Growing trends in the world biocatalyst market shows that developing nations in North America are the largest consumers, followed by Western Europe.
- The application of microbial lipases is increasingly growing due to its remarkable capacity for achieving countless novel reactions, both in aqueous and non-aqueous settings.
- The microbial lipase powder is expected to dominate the microbial lipase market by type.
Key Factor(s) Determining the Microbial Lipase Market Growth
- Rising Industrial Applications: Microbial Lipase has found significant application across a range of industries such as food, dairy, pharmaceuticals, agrochemicals and detergents to oleo-chemicals, tea industries, cosmetics, leather and bioremediation processes. Fat and oil modification is one of the prime areas in the food processing industry that demand novel economic and green technologies. Lipases allow modification of properties of liquids by altering the locations of fatty acid chains in the glyceride and replace them with new ones.
COVID-19 Impact Analysis on Market
The effect of the coronavirus pandemic and the meltdown of financial markets are clearly evident. There is little clarification on the wider impact it has through companies and industry sectors. Amid the coronavirus outbreak, shoppers are making fewer trips to grocery stores and convenience stores but are spending more per visit. The change in shopping behaviour is likely to influence their purchase decision. The demand for bakeries and confectionaries is expected to rise, which can in turn drive the microbial lipase market. However, disruptions in workforce and raw material supply may hamper the market’s overall growth prospects.
Microbial Lipase Market Structure Analysis
- 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).
- The manufacturers are focused primarily on mergers and acquisitions, cooperation, alliance, investment and agreement to improve their foothold worldwide. It further helps manufacturers broaden their presence and achieve popularity in the overall market as regards product range and revenue share.
- These strategies have also been adopted by small-scale players to grow their businesses internationally by investing in the establishment of production facilities and technical service centres in different regions. This inorganic growth strategy helps them to improve their technological capabilities across the robust R&D resources that bigger players deliver.
Base year considered
Actual estimates/Historical data
2014 - 2018
2019 - 2029
Value (USD) Bn
Source, End Use, Form and Region
North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA
DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark).
Revenue forecast, company share, competitive landscape, growth factors, and trends
Increasing Applications of Microbial Lipase in Diverse Sectors to Fuel its Demand
The continuously increasing awareness regarding animal health benefits from the routine application of microbial lipase among farmers of animal husbandry and cooperatives are driving the market for the microbial lipase-based animal feed commodity worldwide. Furthermore, the growing use of microbial lipase in dairy products, bakery products, and confectionery products is increasing its demand steadily in both developed and developing countries. In addition to this, the increasing industrial application of microbial lipase in cleaning agents, animal feed, bakery and confectionery products and other segments will enable growth in the market.
However, the availability of substitutes for microbial lipase is restricting the growth of the market. Nonetheless, rising awareness in developing countries will increase the demand for microbial lipase in the near future.
Asia Pacific Dominates the Market
Asia Pacific dominated the demand for microbial lipase and is projected to rise at the fastest CAGR during the forecast period. The presence of some of the leading microbial lipase manufacturers in the region and the increase in lipase enzyme adoption drive the Asia Pacific market for microbial lipases. In addition to this, the evolving dietary habits have led to increased consumption of dairy products in the region; increasing hygiene concerns, increased personal hygiene awareness, growing concerns about the spread of infectious diseases and the sterilization of household industrial surfaces. These are some of the key factors driving the use of washing and cleaning products.
* This data is only a representation. Actual data may vary and will be available in report.
Rising Awareness about Advantages of Microbial Lipase is Driving Growth
Microbial lipase plays an important role in the process of digestion. It helps to maintain optimal levels of the enzymes present in the pancreases. There are other conditions such as indigestion, stomach cramps, and bloating that may occur due to higher fatty food intake, and carbohydrates. Such microbial lipases allow certain diseases to be prevented. Microbial lipase also helps in cholesterol, triglycerides, diabetes and obesity prevention. The microbial lipase market is expected to considerably gain from the growing demand from the food and beverage industries, cosmetics industries, oleo manufacturing industries, and biosensors. Some of the key factors contributing to the growth of the market for microbial lipase are the growing awareness among end-users of microbial lipase compared to animal or plant lipase, increased consumption of enzyme-modified dairy products, and enzyme-modified cheese. Because of these factors, the microbial lipase market is expected to show a potential growth.
Fungi segment held the leading market share
Bacteria segment forecast to higher rate of growth
Dairy segment holds dominance
Cleaning agents segment to rise at a higher CAGR
Powder segment holds dominance
Liquid segment to rise at a higher CAGR
How Growth will Unfold
Due to the low cost extraction process and the effective use of batch fermentation, the demand for microbial lipase is increasing for use in the diary product, cleaning agent, confectionary products and bakery products increased. The market is gaining prominence around the globe kudos to these factors. Additionally, increasing demand for microbial lipase in confectionery industries to manufacture confectionery is another factor responsible for the near future growth of the global microbial lipase market. The rising demand for microbial lipase particularly in India, China and Brazil will aid the overall expansion of the market. Furthermore, microbial lipase is used in various end-user industries such as wastewater treatment, food additives, use in cosmetics to remove lipids, increased usage in the paper and pulp industry to remove the pitch from the pulp and use in flavour modification.
In order to gain competitive advantage, the key players in the market are likely to adopt various strategies. The companies operating in the market can be categorized as tier 1, 2, and 3. As per the report, Koninklijke DSM N.V., Enzyme Development Corporation, and Novozymes A/S are among the tier 1 companies. The larger companies often look towards strategic collaborations to expand their portfolio and reach in the market.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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Microbial Lipase Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the Microbial Lipase market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Microbial Lipase market, the growth prospects of the market are obtained with maximum precision.
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.
- Cleaning Agents
- Animal Feed
- Dairy Products
- Bakery Products
- Confectionery Products
- North America
- Latin America
- East Asia
- South Asia
The executive summary of the Microbial Lipase market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Microbial Lipase market.
Readers can find the detailed segmentation and definition of the Microbial Lipase market in this chapter, which will help them understand basic information about the Microbial Lipase market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Microbial Lipase market report.
The associated industry assessment of the Microbial Lipase market is carried out in this section. The macroeconomic factors affecting growth of the Microbial Lipase market are provided in this section and the impact of these macroeconomic indicators on the Microbial Lipase market is analyzed. The processing overview and technological advancements in the Microbial Lipase market is also provided.
Profit margins at each level of the Microbial Lipase market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Microbial Lipase market.
The drivers and restraints impacting the growth of the Microbial Lipase market are explained in this chapter. Opportunities and ongoing trends in the Microbial Lipase market are also comprehensively discussed.
This chapter includes detailed analysis of the historical Microbial Lipase market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2020 - 2021) and incremental opportunity for the forecast period (2020-2030).
Based on Source, the Microbial Lipase market is segmented into Fungi and Bacteria. In this chapter, readers can find information about key trends and developments in the Microbial Lipase market and market attractiveness analysis based on raw material.
Based on Form, the Microbial Lipase market is segmented into Liquid and Powder. In this chapter, readers can find information about key trends and developments in the Microbial Lipase market and market attractiveness analysis based on raw material.
Based on Application, the Microbial Lipase market is classified into Cleaning Agents, Animal Feed, Dairy Products, Bakery Products, Confectionery, and Others. This part also offers market attractiveness analysis based on Application.
This chapter explains how the Microbial Lipase market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.
This chapter includes a detailed analysis of the growth of the Microbial Lipase market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Microbial Lipase market in Latin America. This chapter also includes growth prospects of the Microbial Lipase market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Important growth prospects of the Microbial Lipase market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.
In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Microbial Lipase market.
This chapter includes a detailed analysis of the growth of the Microbial Lipase market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.
This chapter offers insights into how the Microbial Lipase market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.
This chapter contains information about the market growth of Microbial Lipase in Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Microbial Lipase market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of leading manufacturers in the Microbial Lipase market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Novozymes, Koninklijke DSM N.V., Chr. Hansen, Amano Enzymes Inc, Associated British Foods, Dowdupont, Advanced Enzymes, Enzyme Development Corporation, Aumgene Biosciences, Biocatalysts, Meito Sangyo Co., Ltd., Creative Enzymes, Clerici-Sacco Group, Renco New Zealand, and others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Microbial Lipase report.
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Microbial Lipase market.
How the research was conducted?
- C - Level Executives
- Marketing Directors
- Sales Heads
- Production Managers
- Distributors Heads
- Sales Executives
- Product Manufacturers
- Industry Experts
- End Users
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near-term and Long-term Market Growth Prospects
- Market Segment Splits and Authenticity
- Opinions on Market Projections and Validity Of Assumptions
- Industry Publications
- Industrial Week
- Industrial Product Review
- Industrial Magazine
- Industry Associations
- Dieticians Association
- Food and Agriculture Organization
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits