Microbial Lipase Market Expanding Application Areas To Drive The Global Market Growth, 2028

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According to reports and data the Microbial Lipase Market, was valued at USD 455.4 Million in 2020; this is projected to reach 776.0 Million by 2028, at a CAGR of 7.0% during the forecast period.

According to reports and data the Microbial Lipase Market, was valued at USD 455.4 Million in 2020; this is projected to reach 776.0 Million by 2028, at a CAGR of 7.0% during the forecast period. Microbial lipases are industrially relevant biocatalyst, particularly microbial lipases. Therefore, screening, production, and purification of lipase enzymes from microbial strains are continuously emerging to fulfill the needs of the pharmaceutical and food industries.

The cumulative demand for these enzymes in the milk products, confectionary products biofuel, and bakery products because of its low cost extraction process and the effective use of batch fermentation. These factors are enabling the players of the market to gain prominence across the world. Furthermore, rising demand for lipase enzymes in bakery and confectionary industries to yield confections are major factors responsible for the progression of the global market in anticipatable future.

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Key Players:

Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), DowDuPont (US), Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US) are players of microbial lipases market.

Further key findings from the Microbial Lipases market report suggest:

  • The snowballing demand for the fungal microbial lipases in developed and emerging nations especially in China and India. The usage of microbial lipase in various end-user industries such as food additive, personal care products, wastewater treatment.
  • The APAC region has emerged as the most promising region of the microbial lipase market. The APAC region has India and China, which holds vast consumer base and the rising demand for the cleaning chemicals market and, the expanding food and beverage industry, is, in turn, contributing to the microbial lipase market. Since microbial lipase is heavily utilized in the production of vegetable oils, food and beverage industry, these segments will result in generating maximum revenue. Moreover, India’s increasing consumption of edible fat is also expected to boost market demand.
  • The high demand for vegetable oils and the simultaneous production of the identical in Asian countries has been crucial in guaranteeing the expansion of the microbial lipase market in this region. Advanced enzymes (India) acquired 100% stake in Evoxx technologies in the year 2017, advanced Enzymes Europe B.V. has entered into a binding agreement with Germany based Evoxx Technologies GmbH, to acquire a 100% stake for a consideration of Euros 7.65 million. Evoxx Technologies GmbH is an industrial biotech firm primarily focused on the development production of industrial enzymes, as well as a few specialized carbohydrates for nutritional applications. This acquisition will help to significantly expand RD capabilities and also strengthen the presence in the European market.

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Segments covered in the report:

On the basis of Form: (Volume Metric Tons, Revenue, USD Million; 2020-2028)

  • Powder
  • Liquid

On the basis of Source: (Volume Metric Tons, Revenue, USD Million; 2020-2028)

  • Fungi
  • Bacteria

On the basis of Application: (Volume Metric Tons, Revenue, USD Million; 2020-2028)

  • Cleaning agents
  • Animal feed
  • Dairy products
  • Bakery products
  • Confectionery products
  • Others (bio-fuels and pulp paper)

Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2020-2028)

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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Objective of Studies:

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Microbial Lipase market.
  • To provide insights about factors affecting the market growth. To analyze the Microbial Lipase market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
  • To provide country level analysis of the market with respect to the current market size and future prospective.

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

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