Leading players in microbial lipase market are Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), DowDuPont (US),Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India),Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US).
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The microbial lipase market is estimated to be USD 425.0 million in 2018. It is projected to reach USD 590.2 million by 2023, growing at a CAGR of 6.8% from 2018, in terms of value.
The market has been largely driven by the increasing awareness about animal health & quality of animal produce and increasing consumption of enzyme-modified cheese (EMC) & enzyme-modified dairy ingredients (EMDI).
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Key Target Audience
- Raw material suppliers
- Enzyme manufacturers and suppliers
- Regulatory bodies, including government agencies and NGOs
- Commercial research & development (R&D) institutions
- Importers and exporters of microbial lipases
- Microbial lipase traders, distributors, and suppliers
- Government organizations, research organizations, and consulting firms
- Trade associations and industry bodies
Cleaning agents segment is projected to dominate microbial lipase market through the forecast period. Innovation in detergents industry is key factor that drives the growth of industrial microbial lipases, replacing harsh chlorine bleach with lipase.
Powder form of microbial lipases is estimated to dominate the microbial lipase market as it is preferred by the consumers, as it is relatively stable, easy to handle, and easier for packaging & transportation.
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Use of microbial lipases market is growing in cleaning agents, dairy products, bakery products, confectionery products, and animal feed due to its extracellular lipase production, low-cost extraction method, & effective use of batch fermentation. Owing to these factors, microbial lipases are gaining importance in these segments.
However, lack of transparency in patent protection laws of lipase in several countries and absence of uniform regulatory structure restrain microbial lipase market growth.
2 Competitive Scenario
3 Market Share Analysis
5 Mergers & Acquisitions
6 New Product Launches
7 Agreements, Partnerships, and Investments
Asia Pacific region dominated the market for microbial lipases, owing to the increase in consumption of dairy products by the population in the region, which has fueled the growth of the processed dairy products industry in the region.
Further, due to increase in concern about greater hygiene, increase in awareness of personal hygiene, and growth in concern regarding the spread of infectious diseases, the market for microbial lipases in the cleaning agents segment is projected to grow in this region.
The microbial lipase market is segmented on the basis of application, form, source, and key regions. On the basis of application, the microbial lipase market is segmented into cleaning agents, animal feed, dairy products, bakery products, confectionery products, and others (biofuel and pulp & paper).The form is segmented into powder and liquid.
On the basis of source, the market is segmented into fungi and bacteria.
The report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, competitive landscape, market share analysis, recent developments, and key market strategies.
Key Benefits of Downloading the Report:
- To get a comprehensive overview of the microbial lipase market with specific reference to the application markets.
- To gain a wide range of information about the top players in this industry, their product portfolios, and key strategies adopted by them.
- To gain insights of the major regions/countries in which the microbial lipase market is flourishing.
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