Global Microbial Lipase Market: Overview
The global microbial lipase market is projected to register significant growth during the course of forecast period from 2017 till 2023. The increase concern about the animal health and quality of animal produce such as rising consumption of enzyme modified dairy ingredient and enzyme modified cheese are some of the factors propelling growth of this market in coming years. The advantage of microbial lipase over plant animal lipase are some of the trend influencing growth of the overall microbial lipase market.
On the other hand, the lack of patent protected lipase law in various developing economies and absence of uniform lipase regulatory policy are few factors limiting growth of the microbial lipase market across the globe.
On the basis of application, the cleansing segment is expected to dominate the global microbial lipase due to growing demand for harsh bleach based detergent.
The report provides in-depth analysis of the global microbial lipase market along with the regional and segmental analysis of this market is included. The report also offers some of the major drivers and restraints impacting growth of the global microbial lipase market in near future.
Global Microbial Lipase Market: Trends and Opportunities
The increasing demand for microbial lipase in the diary product, cleaning agent, confectionary products and bakery products owing to low cost extraction process and the effective use of batch fermentation. Due to these factors the market is gaining prominence across the globe. In addition, growing demand for microbial lipase in confectionary industries to produce confections are another key factors responsible for the growth of the global microbial lipase market in foreseeable future.
The increasing demand for the fungal lipase in developed and developing economies especially in India, China and Brazil. The usage of microbial lipase in various end-user industries such as wastewater treatment, food additive, use in cosmetics for the extracting lipids, rising usage in paper and pulp industry to extract the pitch from the pulp and usage in modification of flavor. These are another factors promoting growth of the global microbial lipase market in forthcoming years.
Global Microbial Lipase Market: Regional Outlook
From a geographical point of view, North America is likely to dominate the global microbial lipase market mainly due to increase in demand in U.S. regions. The increase in usage of enzyme in dairy products, toiletries, cleaning agent, and animal feeds is expected to drive growth of the global microbial lipase market. In addition, increase in demand for dairy products and rising demand for cheese due to increase in consumption likely to propel growth of this market in upcoming years. Moreover, big food chain is likely to boost demand for dairy products and for cheese, this is likely to influence growth of the microbial lipase market. The rise in demand and consumption of cheese to boost growth of this market in coming years.
Global Microbial Lipase Market: Companies Mentioned
The key players operating in the global microbial lipase market are DowDuPont (US), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). The manufacturers are largely focused towards merger and acquisitions, collaboration, partnership, investment and agreement in order to strengthen their foothold across the globe. This further helps the manufacturers to expand their foothold and gain prominence in terms of product portfolio and revenue share in the overall market.
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