According to Zion Market Research, the global demand for Lipase was valued at about USD 453.2 Million in 2021, and is predicted to create revenue of roughly USD 709.6 Million by the end of 2028, rising at a CAGR of approximately 6.6% between 2022 and 2028.
Lipases, which are hydrolytic enzymes, hydrolyze triglyceride molecules into free fatty acids and glycerol. Acidolysis, transesterification, and aminolysis processes are catalysed by these enzymes. Lipases’ ability to function in both micro-aqueous and non-aqueous conditions makes them a powerful biotechnological tool. It is an enzyme that the pancreas secretes into the small intestine. It works as a catalyst, assisting in the breakdown of fats into fatty acids, alcohols, and other glycerols. It is an esterase subclass that accelerates fat hydrolysis. Lipases are also involved in the digestion, transport, and processing of dietary lipids. It aids in the formation of stomach, tongue, and many other cells. It also addresses many biological processes.
Increased demand for lipase as a result of rising consumption of processed dairy products and meat is expected to drive demand in the worldwide lipase market. Furthermore, rising animal health awareness has a favourable impact on worldwide market growth. They are widely utilised in a wide range of applications such as confectionary, animal feed, bakery, dairy, and others; this is a major driving factor that is predicted to increase the worldwide lipase market growth. In contrast, a lack of clarity in patent protection rules is expected to impede worldwide market growth to some extent.
Market Segmentation for Lipase
The global lipase market is segmented by application, which includes bakery, animal feed, confectionery, dairy, and others. According to reports, the global market is divided into two categories: animal lipases and microbial lipases. North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are included in the geographical division.
Regional Analysis of the Lipase Market
North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa are the geographical segments in the worldwide lipase market. Asia Pacific is the world’s leading region, and this trend is projected to continue in the near future. Favorable growth in bakery and processed dairy products is likely to drive global market expansion in the future. Because of rising consumer interest in lipase, North America is the second largest region in the global lipase market. Europe has experienced significant expansion in the global market as a result of increased bakery and confectionery production in this region.
Lipase Market: Competitive Players
Some main participants of the Lipase market are Associated British Foods PLC, Novozymes A/S, Advanced Enzymes, and Enzyme Development Corporation. Other players include E. I. Du Pont De Nemours and Company, Renco New Zealand, Koninklijke DSM N.V., Amano Enzymes Inc., Chr. Hansen Holdings A/S, and Clerici-Sacco Group.
Lipase Market: Regional Segment Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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