Lipase Market

Global Lipase Market: Snapshot

A surge in the need for hydrolysis of the milk fats is expected to boost the sales growth in the global lipase market during the forecast period of 2021 to 2031. Animal lipases and microbial lipases are two types of lipases sources present today.

An upcoming study by Transparency Market Research (TMR) delivers exhaustive assessment of key factors impacting the development of the global lipase market. Thus, the lipase market survey provides comprehensive assessment of major important elements such as the growth drivers, growth restraints, and present and historical trends in the market. Moreover, this study sheds light on the R&D activities, challenges, and recent developments in the lipase market. In addition, the research report on lipase industry covers reliable statistics on the volume, shares, production, revenues, and sales of lipase.

The study performs segmentation of the lipase market on the basis of several vital parameters such as source, application and region. This segmentation helps readers in understand key market concepts easily.

Key Drivers of Lipase Market Growth

Lipase is being utilized in varied end-use industries including the animal feed, dairy, bakery, and confectionery industries, notes a TMR study. Among all, the lipase market is expected to gain sizable business opportunities from the animal feed and dairy application segments. The growth of the segment is ascribed to rise in the consumer demand for superior quality processed dairy products as well as meat products. Moreover, the improved spending power of people from developed and developing nations is boosting the sales of different types of dairy products. This, in turn, is fueling the business growth in the lipase market, notes a study by TMR.

Over the period of past few years, the demand for lipase is being increasing in the food industry owing to its ability to assist in advancing the quality of food. Moreover, it also helps in enhancing the flavor of specific food items. This aside, companies operating in the food industry are increasing the demand for lipase as it helps in advancing the food texture, improving the shelf life, and increasing the softness in several food items. Hence, a rise in the demand for product from the food industry is likely to play important role in the overall growth of the global lipase market during the forecast period.

Competition Landscape of Lipase Market

The global lipase market is moderately fragmented in nature. Owing to the existence of many prominent companies, the competition levels of the market for lipase seem to be highly intense. Thus, companies are utilizing diverse strategies such as partnerships, collaborations, mergers, acquisitions, and new product launches in order to stay ahead of the competition. In addition, enterprises are investing heavily in R&Ds. Such initiatives are expected to help in the rapid expansion of the global lipase market during the forecast period.

The list of key players in the global lipase market includes:

• Novozymes A/S
• Koninklijke DSM N.V
• E. I. Du Pont De Nemours and Company
• Amano Enzymes Inc
• Renco New Zealand
• Clerici-Sacco Group
• Hansen Holdings A/S
• Enzyme Development Corporation
• Chr. Advanced Enzymes
• Associated British Foods PLC

Regional Outlook for Lipase Market

In terms of region, the global lipase market shows existence in many regions including North America, Europe, Asia Pacific, and Rest of the World. Of them, Europe is one of the dominant regions of the market for lipase. The growth of the Europe lipase market is ascribed to increase in the urban population and improved spending power of the regional people, notes a TMR study.