Lipase Market Overview
According to a recent survey conducted by ChemView Consulting, the Global Lipase Market grew at a CAGR of 5.2% between 2017-2021 and is estimated to be US$ 802.3 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.0% and is expected to reach a valuation of US$ 1,436.8 Mn by 2032 end.
The enzyme lipase breaks down triglycerides into fatty acids and free glycerol. Fat digestion is carried out by lipases, which are frequently present in pancreatic secretions. Some cholesterol-lowering medications’ mechanisms depend heavily on lipase’s function. Since microbial lipases are substrate specific, the food industry often uses them.
They are quite stable and work in organic solvents under simple conditions. In the food industry, lipases such as lysophospholipase, phospholipase, triacylglycerol, and others are frequently used. Lipase is increasingly being employed in home detergents and cleaning solutions to get rid of fatty residues.
ChemView Consulting has analyzed that consuming fatty foods and foods high in carbohydrates has been linked to increased health problems such as indigestion, bloating, and stomach pain. Global demand for lipase has increased due to the growing need to limit the spread of these illnesses. The prevalence of high triglyceride levels, obesity, cholesterol, celiac disease, and other conditions continues to support the expansion of the global lipase market. Due to its numerous advantages, including improved texture, flavor, and shelf life, lipase is increasingly in demand in the food sector.
The food industry is anticipated to hold the greatest market share for lipase based on end-use. The potential of these foods to support our ability to keep a healthy gut is the reason. These aid in enhancing metabolism. One of the key functions of lipase is also thought to be the transport of dietary lipids in the body. In addition, they have proven successful in preserving a robust pancreas. All of these factors have compelled manufacturers who work in the food industry to use lipase.
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Segments Covered in Report
- Microbial Source
- Animal Source
- Plant Source
- Animal Feed
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Lipase Market
- Based on the source, microbial lipases are the most prevalent and fastest-growing segment due to their application features’ versatility and mass production simplicity.
- Based on the end-use the food industry is anticipated to hold the greatest market share for lipase based on end-use. The potential of these foods to support our ability to keep a healthy gut is the reason. These aid in enhancing metabolism.
- Based on the region, with a market share of 31.0%, the growing demand for processed foods and growing consumer awareness of products that promote good health are the main drivers of the expansion of enzymes like lipase in Europe. It encourages the growth of the lipase market.
Key companies covered in the market study are Chr. Hansen Holdings A/S, Amano Enzymes Inc., Clerici-Sacco Group, Novozymes A/S, Renco New Zealand, Associated British Foods Plc, Sacco and Dohler, Koninklijke DSM N.V., Advanced Enzymes
Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have collaborated with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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