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Australia Lipase Market Size, Share, Growth, Trends, Report: By Source: Plants, Animal, Microbial; By Form: Powder, Liquid, Gel; By Function: Food and Beverage Texturants, Frozen Food and Beverage, Additives; By Application: Bakery and Confectionary, Dairy, Animal Feed, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Lipase Market Outlook
The Australia lipase market size is projected to grow at a CAGR of 6.80% between 2024 and 2032.
Key Takeaways
- As per industry reports, Australia is a significant player in the lipase market, with increasing demand for lipase enzymes in various industries, including animal feed, dairy, bakery, confectionery, cosmetics, detergent, paper, and pharmaceuticals.
- Players such as Novozymes, Kerry Group plc, Connell Bros Company Australasia Pty Ltd, DuPont, and Chr. Hansen Holding A/S are actively involved in research and development and new product launches, driving competitiveness in the Australian lipase market.
- Factors fuelling the growth of the market include the rising consumption of bakery and confectionery items, increasing focus on food ingredients, and the growing demand for processed food products.
The rising demand for lipase in various end-user industries due to its versatile applications, such as in confectionery, dairy products, cleaning agents, and bakery products, is significantly contributing to Australia lipase market growth. Additionally, the awareness of the health benefits associated with lipase consumption, such as it helps break down fats into glycerol and free fatty acids, aiding in the digestion and absorption of dietary lipids like fats, oils, and triglycerides; the use of lipase in the cosmetics industry, and the increasing consumption of dairy products are key drivers propelling the market forward.
Additionally, the increasing demand for microbial lipase in the confectionery industry to efficiently produce confectionery products is a notable trend, driven by the effective use of batch fermentation and the low-cost extraction process. Secondly, the development of new strains of microorganisms producing high-quality lipases is a significant trend impacting the Australia lipase market development, positively. Lastly, the use of interesterification and hydrogenation methods to prepare glyceride products for various applications, such as in butter and cosmetics industries, is another key trend driving market growth.
Moreover, lipase plays a vital role in the animal feed sector by improving the digestibility of feed components, thereby enhancing animal health. Additionally, the personal care products segment benefits from lipase enzymes used in skincare formulations, where they aid in emulsification and the breakdown of fats, contributing to the efficacy of cosmetic products.
Further, plant-derived lipases are gaining traction due to their natural origin and potential applications in organic and clean-label products. Animal lipases, on the other hand, offer specific enzymatic properties suitable for certain industrial processes and applications. Microbial lipases, being versatile and cost-effective, are witnessing increased demand across various industries, including food, pharmaceuticals, and biotechnology.
Market Segmentation
Australia Lipase Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Source
- Plants
- Animal
- Microbial
Market Breakup by Form
- Powder
- Liquid
- Gel
Market Breakup by Function
- Food and Beverage Texturants
- Frozen Food and Beverage
- Additives
Market Breakup by Application
- Bakery and Confectionary
- Dairy
- Animal Feed
- Personal Care Products
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Competitive Landscape
Market players are emphasising on the production of lipases with enhanced properties to address specific industry needs and consumer preferences for natural and sustainable ingredients.
- Kerry Group plc
- Connell Bros Company Australasia Pty Ltd
- Home Make-It Pty. Ltd
- Green Living Australia (QLD) Pty. Ltd
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Form |
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| Breakup by Function |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Lipase Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Lipase Historical Market (2017-2023)
8.3 Asia Pacific Lipase Market Forecast (2024-2032)
9 Australia Lipase Market Overview
9.1 Key Industry Highlights
9.2 Australia Lipase Historical Market (2017-2023)
9.3 Australia Lipase Market Forecast (2024-2032)
10 Australia Lipase Market by Source
10.1 Plants
10.1.1 Historical Trend (2017-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Animal
10.2.1 Historical Trend (2017-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Microbial
10.3.1 Historical Trend (2017-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Lipase Market by Form
11.1 Powder
11.1.1 Historical Trend (2017-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Liquid
11.2.1 Historical Trend (2017-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Gel
11.3.1 Historical Trend (2017-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Lipase Market by Function
12.1 Food and Beverage Texturants
12.1.1 Historical Trend (2017-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Frozen Food and Beverage
12.2.1 Historical Trend (2017-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Additives
12.3.1 Historical Trend (2017-2023)
12.3.2 Forecast Trend (2024-2032)
13 Australia Lipase Market by Application
13.1 Bakery and Confectionary
13.1.1 Historical Trend (2017-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Dairy
13.2.1 Historical Trend (2017-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Animal Feed
13.3.1 Historical Trend (2017-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Personal Care Products
13.4.1 Historical Trend (2017-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Australia Lipase Market by Region
14.1 New South Wales
14.1.1 Historical Trend (2017-2023)
14.1.2 Forecast Trend (2024-2032)
14.2 Victoria
14.2.1 Historical Trend (2017-2023)
14.2.2 Forecast Trend (2024-2032)
14.3 Queensland
14.3.1 Historical Trend (2017-2023)
14.3.2 Forecast Trend (2024-2032)
14.4 Australian Capital Territory
14.4.1 Historical Trend (2017-2023)
14.4.2 Forecast Trend (2024-2032)
14.5 Western Australia
14.5.1 Historical Trend (2017-2023)
14.5.2 Forecast Trend (2024-2032)
14.6 Others
15 Market Dynamics
15.1 SWOT Analysis
15.1.1 Strengths
15.1.2 Weaknesses
15.1.3 Opportunities
15.1.4 Threats
15.2 Porter’s Five Forces Analysis
15.2.1 Supplier’s Power
15.2.2 Buyer’s Power
15.2.3 Threat of New Entrants
15.2.4 Degree of Rivalry
15.2.5 Threat of Substitutes
15.3 Key Indicators for Demand
15.4 Key Indicators for Price
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Kerry Group plc
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Connell Bros Company Australasia Pty Ltd
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Home Make-It Pty. Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Green Living Australia (QLD) Pty. Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Lipase Market: Key Industry Highlights, 2017 and 2032
2. Australia Lipase Market: Key Industry Highlights, 2017 and 2032
3. Australia Lipase Historical Market: Breakup by Source (USD Million), 2017-2023
4. Australia Lipase Market Forecast: Breakup by Source (USD Million), 2024-2032
5. Australia Lipase Historical Market: Breakup by Form (USD Million), 2017-2023
6. Australia Lipase Market Forecast: Breakup by Form (USD Million), 2024-2032
7. Australia Lipase Historical Market: Breakup by Function (USD Million), 2017-2023
8. Australia Lipase Market Forecast: Breakup by Function (USD Million), 2024-2032
9. Australia Lipase Historical Market: Breakup by Application (USD Million), 2017-2023
10. Australia Lipase Market Forecast: Breakup by Application (USD Million), 2024-2032
11. Australia Lipase Historical Market: Breakup by Region (USD Million), 2017-2023
12. Australia Lipase Market Forecast: Breakup by Region (USD Million), 2024-2032
13. Australia Lipase Market Structure
Key Questions Answered in the Report
The Australia lipase market value is expected to grow at a CAGR of 6.80% between 2024 and 2032.
The market is being driven due to rising consumption of carbohydrate-rich foods, the utilisation of lipase in cheese production, and its role in enhancing dough stability and prolonging product shelf life in the bakery sector.
Key trends aiding the market expansion include the demand for vegetable oils and microbial lipase in food and beverage industries, the adoption of lipase in various applications, such as yoghurt and cheese aging, laundry detergents, and biofuels, and the increasing awareness of health benefits associated with lipase consumption and the utilisation of lipase in the cosmetics industry.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Different applications of lipase are additives, bakery and confectionary, dairy, animal feed, and personal care products, among others.
Based on source, the market segmentations include plants, animal, and microbial.
Powder, liquid, and gel forms are considered in the market report.
Key players in the market are Kerry Group plc, Connell Bros Company Australasia Pty Ltd, Home Make-It Pty. Ltd, and Green Living Australia (QLD) Pty. Ltd, among others.
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