Market Size in 2022 | Market Forecast in 2030 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 547.12 million | USD 921.74 million | CAGR at 4.57% | 2022 |
According to the report published by Zion Market Research, the global Microbial Lipase market size was valued at USD 547.12 million in 2022 and is predicted to reach USD 921.74 million by the end of 2030. The market is expected to grow with a CAGR of 6.74% during the forecast period. The report analyzes the global Microbial Lipase market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Microbial Lipase industry.
Microbial lipases catalyze both the hydrolysis and synthesis of long-chain acylglycerols. They are currently given much attention with the rapid development of enzyme technology. The chemo-, regio-, and enantio-specific characteristics of lipase tend to be a focus research domain for scientists and industrialists. Compared to plants and animals, microorganisms have been found to produce high yields of lipases.
The product finds a spectrum of applications in food industry, oil and fat industry, detergent industry, pulp and paper sector, leather industry, a textile business, organic synthesis, production of cosmetics, and biodiesel production. This makes them the most widely used class of enzymes in myriad industrial activities through the application of bioprocess technology. In addition, the microbial lipases are massively used in cleaning agents, dairy products, confectionery items, animal feed, and bakery products.
Microbial Lipases are unique as they hydrolyze fats into fatty acids and glycerol at the water-lipid interface and can reverse the reaction in non-aqueous media. The stability of these enzymes in organic solvents has pushed them into the frontier areas of organic synthesis leading to the designing of novel drugs, surfactants, bioactive compounds, and Oleochemicals. In addition, lipase-catalyzed trans-esterification, and inter-esterification reactions have been exploited in the fat industry. Looking into the wide scenario of lipase applications, commercialization of lipase production is a prime area of interest for microbiologists, process engineers, and biochemists. Research carried out in this field has unveiled that microbes, especially fungi and bacteria, are the tools of choice for commercial production. Recently, the structure determination of a few microbial lipases has widened our knowledge about the unique mechanism of catalysis of this enzyme. All these aforementioned traits of the product will drive the demand for microbial lipase market across the globe in the next few years.
However, the lack of transparency in the patent protection laws of lipase in several countries and the absence of a uniform regulatory structure can restrain the growth of microbial lipase market.
The global microbial lipase market can be classified based on application, source, and form. Application wise, the market is sectored into cleaning agents, dairy products, confectionery items, animal feed, and bakery items.
Based on the source, the market is segmented into fungi and bacteria.
On the basis of form, the microbial lipase market is classified into powder and liquid form.
Based on regions, the global microbial lipase market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia Pacific region dominated the global microbial lipase market in 2017 and is projected to grow at the highest CAGR from 2018 to 2026. The presence of leading microbial lipase manufacturers who operate on a global level and the rise in adoption of lipase enzymes will drive the demand for microbial lipases in the region. In addition, the changing dietary patterns have led to increased consumption of dairy products in the region. Increase in concerns about greater hygiene, increase in awareness of personal hygiene, growing concerns about the spread of infectious diseases, and sterilizing household industrial surfaces are driving the use of washing and cleaning products, and demands of end consumers for better quality feed for livestock, leading to enhanced use of microbial lipases in food, cleaning agents, and feed segments in the near future.
In the North American region, the U.S. is likely to dominate the microbial lipase market. This is due to an increase in the use of enzymes in animal feed, along with dairy products, cleaning agents, and toiletries are anticipated to drive the growth of the market in the country. Additionally, big food chains have led to an increase in demand for cheese and other dairy products. Thus, the increased consumption of cheese in this country is expected to consequently lead to the growth of the microbial lipase market.
Europe and LATAM markets have huge growth prospects in the near future.
Report Attributes | Report Details |
---|---|
Report Name | Microbial Lipase Market Research Report |
Market Size in 2022 | USD 547.12 Million |
Market Forecast in 2030 | USD 921.74 Million |
Growth Rate | CAGR of 4.57% |
Number of Pages | 199 |
Key Companies Covered | Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), and DowDuPont (U.S.) |
Segments Covered | By Application, By Source, By form , and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Microbial Lipase Market: Competitive Analysis
The global Microbial Lipase Market is led by players like
By Application
By Source
By form
Global Microbial Lipase Market: Regional Segment Analysis
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