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Market Overview
The global lipase
market size was USD 572.29 million in 2023. The market is set to rise from
USD 606.80 million in 2024 to USD 985.54 million by 2032 at a CAGR of 6.25%
during 2024-2032.
Lipase fits in a class of enzymes that accelerate
triglycerides into glycerol and fatty acids. This enzyme is crucial in human
health in lipid transference and offers different tasks in several tissues,
including hepatic lipase in the liver and pancreatic lipase in the small
intestine. The rapid expansion of the functional cosmetics industry is
propelling market growth.
List of Key Players Profiled in Report:
Segments
Microbial Lipases are Highly Preferred as They Offer
Robust Resistance to High Temperatures
By source, the market is bifurcated into microbial and
animal. The microbial segment accounted for the highest lipase market share as
it is more unwavering and can effortlessly grow in a reasonable medium,
resulting in high yields. Microbial lipases are highly preferred as they offer
robust resistance to high temperatures and action in different pH ranges.
Food & Beverage Segment Dominated Due to Growing
Usage ofLipase in Numerous Food Applications
In terms of application, the market is segregated into food
& beverage (bakery, dairy, confectionery, beverages, and others),
nutraceuticals, animal feed, and others. The food & beverage category
commanded the market as the increased preference for lipase enzyme as a
sustainable option as it provides high yields in numerous food applications.
This enzyme is gaining popularity in the dairy industry, as it is highly preferred
as a cheese flavor enhancer and also supports the lipolysis of milk, cream, and
fat.
From the regional ground, the market is classified into
Europe, South America, North America, Asia Pacific, and the Middle East &
Africa.
Source: https://www.fortunebusinessinsights.com/lipase-market-110345
Report Coverage
The market research report presents a complete market
examination, highlighting essential elements, including the competitive
environment and noticeable product categories. Furthermore, the report provides
valuable insights on market trends and significant industry developments. Apart
from the factors above, the report includes several aspects that have fostered
market expansion in recent times.
Drivers and Restraints
Rising Need for Lipases in Animal Feed Industry to
Augment Market Growth
Enzymes are highly demanded in animal feed and intensely
contribute by assisting in the absorption and digestion of dietary fats. The
rising need for such enzymes for hydrolyzing fats into monoglyceride, free
fatty acids, and glycerin is driving market growth. Monogastric animals can secrete
lipase, but the secretion is insufficient for absorption. Therefore, the
emergence of enzymes is also beneficial in reducing the incidence of ruminant
animal diseases and decreasing the overall feed cost. An increase in the launch
of lipase-based enzymes by top producers of pet food is fueling the lipase
market growth.
Nevertheless, insufficient understanding of this enzyme and
regulatory challenges are hindering market growth.
Regional Insights
Rapid Expansion of the Food Processing Industry Boosted Market
Growth in North America
The market in North America was valued at USD 227.00 million
in 2023 due to renowned research capabilities and robust industrial
infrastructure. Increased consumer demand for convenience food products and
rapid expansion of the food processing industry is also fueling market
expansion in the region.
Europe held the second-leading market share due to the
increasing health-conscious population. The growing trend of veganism and the
surging usage of natural ingredients for food items are propelling market
expansion in the region.
Competitive Landscape
Top Companies Introduce Enzymes That Can Enhance Flavor
and Texture
Novozymes, Novonesis, Amano Enzyme Inc., and A.B. Enzymes
are some of the leading companies in the market. Key players focus on improving
the quality of the product and introducing enzymes that can enhance the flavor
and texture.
Key Industry Development
Market Overview
The global lipase
market size was USD 572.29 million in 2023. The market is set to rise from
USD 606.80 million in 2024 to USD 985.54 million by 2032 at a CAGR of 6.25%
during 2024-2032.
Lipase fits in a class of enzymes that accelerate
triglycerides into glycerol and fatty acids. This enzyme is crucial in human
health in lipid transference and offers different tasks in several tissues,
including hepatic lipase in the liver and pancreatic lipase in the small
intestine. The rapid expansion of the functional cosmetics industry is
propelling market growth.
List of Key Players Profiled in Report:
Segments
Microbial Lipases are Highly Preferred as They Offer
Robust Resistance to High Temperatures
By source, the market is bifurcated into microbial and
animal. The microbial segment accounted for the highest lipase market share as
it is more unwavering and can effortlessly grow in a reasonable medium,
resulting in high yields. Microbial lipases are highly preferred as they offer
robust resistance to high temperatures and action in different pH ranges.
Food & Beverage Segment Dominated Due to Growing
Usage ofLipase in Numerous Food Applications
In terms of application, the market is segregated into food
& beverage (bakery, dairy, confectionery, beverages, and others),
nutraceuticals, animal feed, and others. The food & beverage category
commanded the market as the increased preference for lipase enzyme as a
sustainable option as it provides high yields in numerous food applications.
This enzyme is gaining popularity in the dairy industry, as it is highly preferred
as a cheese flavor enhancer and also supports the lipolysis of milk, cream, and
fat.
From the regional ground, the market is classified into
Europe, South America, North America, Asia Pacific, and the Middle East &
Africa.
Source: https://www.fortunebusinessinsights.com/lipase-market-110345
Report Coverage
The market research report presents a complete market
examination, highlighting essential elements, including the competitive
environment and noticeable product categories. Furthermore, the report provides
valuable insights on market trends and significant industry developments. Apart
from the factors above, the report includes several aspects that have fostered
market expansion in recent times.
Drivers and Restraints
Rising Need for Lipases in Animal Feed Industry to
Augment Market Growth
Enzymes are highly demanded in animal feed and intensely
contribute by assisting in the absorption and digestion of dietary fats. The
rising need for such enzymes for hydrolyzing fats into monoglyceride, free
fatty acids, and glycerin is driving market growth. Monogastric animals can secrete
lipase, but the secretion is insufficient for absorption. Therefore, the
emergence of enzymes is also beneficial in reducing the incidence of ruminant
animal diseases and decreasing the overall feed cost. An increase in the launch
of lipase-based enzymes by top producers of pet food is fueling the lipase
market growth.
Nevertheless, insufficient understanding of this enzyme and
regulatory challenges are hindering market growth.
Regional Insights
Rapid Expansion of the Food Processing Industry Boosted Market
Growth in North America
The market in North America was valued at USD 227.00 million
in 2023 due to renowned research capabilities and robust industrial
infrastructure. Increased consumer demand for convenience food products and
rapid expansion of the food processing industry is also fueling market
expansion in the region.
Europe held the second-leading market share due to the
increasing health-conscious population. The growing trend of veganism and the
surging usage of natural ingredients for food items are propelling market
expansion in the region.
Competitive Landscape
Top Companies Introduce Enzymes That Can Enhance Flavor
and Texture
Novozymes, Novonesis, Amano Enzyme Inc., and A.B. Enzymes
are some of the leading companies in the market. Key players focus on improving
the quality of the product and introducing enzymes that can enhance the flavor
and texture.
Key Industry Development
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