|Market Size in 2019
|Market Forecast in 2026
|Growth Rate (in %)
|USD 453.2 Million
|USD 709.6 Million
According to the report published by Zion Market Research, Global demand for Lipase market was valued at approximately USD 453.2 Million in 2019, and is expected to generate revenue of around USD 709.6 Million by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.
Triglycerides molecules are hydrolyzed into free fatty acids and glycerol by using lipases, which are hydrolytic enzymes. These enzymes are used to catalyze acidolysis, transesterification, and aminolysis reactions. The potential of the lipase to perform in micro-aqueous and non-aqueous environments makes them a versatile biotechnological tool. It is an enzyme, which is secreted by the pancreas into the small intestine. It acts as catalyze that helps in the breakdown of fats to fatty acids, alcohols, and other glycerol. It is a subclass of the esterases and speeds up hydrolysis of fats. Lipases also play an important role in the digestion and transport & processing of dietary lipids. It assists in producing stomach, tongue, and many other cells. It also deals with diverse biological processes. Lipase is enough capable of overcoming obesity, high triglycerides, and cholesterol. Lipase offers health and industrial benefits owing to which it has become the largest growing market across the world.
Increasing demand for the lipase owing to rising consumption of processed dairy products and meat is anticipated to propel the demand in the global lipase market. Additionally, increasing health awareness of animals further positively impacts the global market growth. They are broadly used in the variety of applications including confectionary, animal feed, bakery, dairy, and others; this is major the driving factor which is expected to boost the global lipase market growth. Conversely, lack of clarity in the patent protection law is anticipated to hinder the global market growth to some extent.
The global lipase market is classified based on the application as a bakery, animal feed, confectionery, dairy, and others. Based on sources, the global market is categorized as animal lipases and microbial lipases. The geographical segment includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The geographical segment in the global lipase market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia Pacific is the leading region across the world and is expected to continue this trend in the near future. Favorable growth in the bakery and processed dairy products is expected to foster the growth of the global market in future. North America is the second largest region in the global lipase market owing to increasing consumer inclination towards lipase. Europe shows a considerable growth in the global market owing to rising bakery and confectionery production in this region.
Some main participants of the Lipase market are:
Rising consumption of dairy processed products is one of the key driving factors which promote the growth of the market. The rising awareness of animal welfares followed by Technological advancement and the rising penetration of the products in the segment is also considered as one of the major driving factor for promoting the growth of the market.
According to Zion Market Research, global demand for Lipase market is expected to generate revenue of around USD 709.6 Million by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.
Asia Pacific region hold the largest market share in the year 2019. Recent, heavy growth in In consumption of countries like India, China, Vietnam and various others is one of the major factors promoting the growth of the market in Asia Pacific region.
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.