Microbial Lipase Market Size, Share, And Trends By Application (Dairy Products, Bakery Products, Confectionery Products, Animal Feed, Cleaning Agents, Others), By Form (Powder, Liquid), By Source (Fungi, Bacteria), And By Geography – Forecast From 2019 To 2024

The microbial lipase market is projected to show steady growth during the forecast period.

Microbial Lipases are a class of enzymes that catalyze the hydrolysis and synthesis of long-chain acylglycerols. With the rapid development of enzyme technology, it is currently being given a lot of attention. Compared to plants and animals, microorganisms produce a higher yield of lipases. There are various applications of microbial lipases across multiple industries such as food, detergent, cosmetics, paper & pulp, leather, and textile. The microbial lipase market is expected to have significant market growth due to these wide industrial applications. Within the food industry, these lipases are widely used in dairy, bakery and confectionery products and animal feed. Also, there is rising concern about animal health and the quality of animal produce. The various advantages of microbial lipases over plant and animal lipases are expected to drive market growth. However the lack of uniform regulatory structure and lack of transparency in patent protection laws of lipase in several nations is expected to be a restraint for market growth.

By application, the confectionery segment is expected to have significant growth due to the increasing use of microbial lipases in the production of confections as they help in breaking down fat and rendering a creamy flavour to the products. By source, the fungi segment is estimated to have a significant growth rate as it is a good source of lipase owing to its extracellular lipase production, low-cost extraction method, and batch fermentation. By geography, the Asia Pacific region is estimated to have a considerable market share due to the high consumption of dairy products and increasing use of cleansing agents in the region.

DRIVERS

The growing use of lipases across multiple industries

Advantages of microbial lipases over plant and animal lipase

RESTRAINT

Lack of uniform regulatory structure and transparency in patent protection laws of lipase in several nations

INDUSTRY UPDATE

In June 2019, Novozymes announced new liquefaction platforms and revealed the next yeast technology for ethanol production

SEGMENTATION

The microbial lipase market has been analyzed through the following segments:

• By Application

• • Dairy products
  • Bakery products
  • Confectionery products
  • Animal feed
  • Cleaning agents
  • Others
• By Form

• • Powder
  • Liquid
• By Source

• • Fungi
  • Bacteria
• By Geography

• • North America

• • • USA
    • Canada
    • Mexico

• • South America

• • • Brazil
    • Argentina
    • Others

• • Europe

• • • Germany
    • France
    • United Kingdom
    • Spain
    • Others

• • Middle East and Africa

• • • Saudi Arabia
    • Israel
    • Others

• • Asia Pacific

• • • China
    • Japan
    • South Korea
    • India
    • Others