Lipase is an enzyme, which helps in the hydrolysis of fats and reduces the formation of glycerol and fatty acids in all living beings. It plays a vital role in the process of digestion by transporting and processing the ester bonds in triglycerides. In addition, it helps in the keeping of pancreatic enzymes to an optimum level. Health disorders such as bloating, indigestion and abdominal discomfort are caused by the consumption of high carbohydrate and fatty food items. Lipases help in the prevention of diabetes, cholesterol, obesity and high triglycerides. Lipases are generally produced with the help of microbial sources such as fungi, yeast and bacteria. Bacteria and fungi lipases are preferred the most in the enzymes industry. Microbial lipases can be more effective than lipases that are obtained from animals and plants because of its variety in high yield, ease of genetic modification and catalytic activities.
Lipase is one of the largest growing markets in the enzymes market due to its health and industrial advantages. In food and non food industries, lipases are used as shelf life enhancers, flavorants, texturants and cleaning agents. Lipases also find huge application in animal feeds, where it is used in improving the health of livestock. In addition, lipases are used for medical and diagnostic use. Blood test with the help of lipase can help detect acute pancreatitis and other disorders in the pancreas of human body. Lipases also assist patients undergoing pancreatic enzyme replacement therapy (PERT), where it helps in the breakdown of fats into lipids.
Rise in the consumption of processed dairy products and meat and increasing awareness of animal health are the major driving factors of the global lipase market. In addition, multiple health benefits associated with the use of lipase in human bodies is also set to bolster the global lipase market. The restraint inhibiting the global lipase market is the lack of transparency in the law of patent protection across the globe.
The global lipase market has been segmented by source, which includes animal lipases and microbial lipases. In addition, the market has been categorized by application, which includes animal feed, dairy, bakery, confectionary and others. By geography, it has been segmented into North America, Europe, Asia Pacific, Latin America and Rest of the World (RoW).
In the global lipase market, Asia Pacific witnessed the largest revenue in 2014, and by the end of the forecast period from 2015 to 2023, Asia Pacific is expected to show significant growth. Countries in the Asia Pacific such as India, China and Japan are the considered to be the largest growing markets in the region. The Asia Pacific lipase market is followed by North America, Europe, Latin America and Rest of the World (RoW).
Some of the key players in the global lipase market include Amano Enzymes Inc., Novozymes A/S, Chr. Hansen Holdings A/S, E. I. du Pont Nemours and Company, Koninklijke DSM N.V., Renco New Zealand, Clerici-Sacco Group, Associated British Foods Plc and Advanced Enzymes among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.