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Global Microbial Lipase Market Size, Forecast: By Source: Bacteria, Fungi; By Form: Liquid, Powder; By Application: Cleaning Agents, Animal Feed, Dairy Products, Bakery Products, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Global Microbial Lipase Market Outlook
The global microbial lipase market size reached nearly USD 660.58 million in 2023. The market is projected to grow at a CAGR of 6.7% between 2024 and 2032 to reach a value of around USD 1184.14 million by 2032.
Key Trends in the Market
Microbial lipase refers to a type of versatile biocatalyst which catalyses the hydrolysis of long-chain triglycerides. This extracellular enzyme can be obtained from various microorganisms, including yeast, fungi, and bacteria, among others. Due to its stability and selectivity benefits and favourable structure, microbial lipase is used in various industrial applications.
- Microbial lipase is gaining traction across various sectors such as food and beverage and animal feed. Meanwhile, the rapid transition from animal and plant-based lipases towards microbial lipase, owing to the several advantages offered by the product, such as convenience and multifunctionality, is fuelling the microbial lipase market growth.
- The thriving food and beverage sector across emerging economies due to the rising population, increasing popularity of bakery products and fast foods, and the expanding restaurants and QSRs is heightening the demand for microbial lipase. The biocatalyst is used to improve the flavour, shelf stability, and quality of baked goods, dairy products, wine, and ice cream, among others.
- Rapid advancements in enzyme technology are creating lucrative opportunities for microbial lipase in biotransformation and commercial bioprocesses. In addition, the increasing use of lipase in biodiesel production, biosensors, and tea processing, among others, is a crucial microbial lipase market trend.
Market Analysis
Based on source, the market is segmented into bacteria and fungi. On the basis of form, the market is classified into liquid and powder. By application, the microbial lipase market segmentation includes cleaning agents, animal feed, dairy products, bakery products, and confectionery products, among others. The major regional markets for microbial lipase include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global microbial lipase market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Novozymes Group
- Chr. Hansen Holding A/S
- Advanced Enzyme Technologies
- Enzyme Development Corporation
- Creative Enzymes
- Meito Sangyo Co., Ltd.
- Biocatalysts Ltd.
- Others
Market Share by Application
Animal feed accounts for a significant portion of the microbial lipase market share. The increasing awareness about animal health and the growing demand for high-quality animal produce are heightening the application of microbial lipase to promote the digestive health of animals. Moreover, increasing livestock rearing are further escalating the demand for microbial lipase to facilitate routine animal feeding.
Market Share by Region
As per the microbial lipase market analysis, North America is poised to grow at a healthy pace in the forecast period. This can be attributed to the increasing demand for microbial lipase in animal husbandry in Canada and the United States. The strong foothold of leading pet food manufacturing companies is further driving the market growth in the region.
Moreover, a high number of fast food chains across the United States is generating the demand for cheese and other dairy products, which is boosting the microbial lipase market demand.
Competitive Landscape
Novozymes Group is a company which provides solutions related to animal health and nutrition, leather and textiles, aquaculture, and household care, among others. It was founded in 2000 and is headquartered in Bagsvaerd, Denmark.
Chr. Hansen Holding A/S is a leading bioscience company which supplies bacterial cultures, probiotics, enzymes, and human milk oligosaccharides, among other products. It was established in 1874 and is headquartered in Horsholm, Denmark.
Advanced Enzyme Technologies is a research-driven company which manufactures and provides enzymes and probiotics to various sectors such as pharmaceutical, nutraceutical, and agriculture, among others. The company was founded in 1957 and is headquartered in Maharashtra, India.
Other market players include Enzyme Development Corporation, Creative Enzymes, Meito Sangyo Co., Ltd., and Biocatalysts Ltd., among 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 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
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Microbial Lipase Market Analysis
8.1 Key Industry Highlights
8.2 Global Microbial Lipase Historical Market (2017-2023)
8.3 Global Microbial Lipase Market Forecast (2024-2032)
8.4 Global Microbial Lipase Market by Source
8.4.1 Bacteria
8.4.1.1 Historical Trend (2017-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fungi
8.4.2.1 Historical Trend (2017-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Microbial Lipase Market by Form
8.5.1 Liquid
8.5.1.1 Historical Trend (2017-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Powder
8.5.2.1 Historical Trend (2017-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Microbial Lipase Market by Application
8.6.1 Cleaning Agents
8.6.1.1 Historical Trend (2017-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Animal Feed
8.6.2.1 Historical Trend (2017-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Dairy Products
8.6.3.1 Historical Trend (2017-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Bakery Products
8.6.4.1 Historical Trend (2017-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Confectionery Products
8.6.5.1 Historical Trend (2017-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Others
8.7 Global Microbial Lipase Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2017-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2017-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2017-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2017-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2017-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Microbial Lipase Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2017-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2017-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Microbial Lipase Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2017-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2017-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2017-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2017-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Microbial Lipase Market Analysis
11.1 China
11.1.1 Historical Trend (2017-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2017-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2017-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2017-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2017-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Microbial Lipase Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2017-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2017-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2017-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Microbial Lipase Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2017-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2017-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2017-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2017-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Novozymes Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Chr. Hansen Holding A/S
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Advanced Enzyme Technologies
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Enzyme Development Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Creative Enzymes
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Meito Sangyo Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Biocatalysts Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Microbial Lipase Market: Key Industry Highlights, 2017 and 2032
2. Global Microbial Lipase Historical Market: Breakup by Source (USD Million), 2017-2023
3. Global Microbial Lipase Market Forecast: Breakup by Source (USD Million), 2024-2032
4. Global Microbial Lipase Historical Market: Breakup by Form (USD Million), 2017-2023
5. Global Microbial Lipase Market Forecast: Breakup by Form (USD Million), 2024-2032
6. Global Microbial Lipase Historical Market: Breakup by Application (USD Million), 2017-2023
7. Global Microbial Lipase Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Global Microbial Lipase Historical Market: Breakup by Region (USD Million), 2017-2023
9. Global Microbial Lipase Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Microbial Lipase Historical Market: Breakup by Country (USD Million), 2017-2023
11. North America Microbial Lipase Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Microbial Lipase Historical Market: Breakup by Country (USD Million), 2017-2023
13. Europe Microbial Lipase Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Microbial Lipase Historical Market: Breakup by Country (USD Million), 2017-2023
15. Asia Pacific Microbial Lipase Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Microbial Lipase Historical Market: Breakup by Country (USD Million), 2017-2023
17. Latin America Microbial Lipase Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Microbial Lipase Historical Market: Breakup by Country (USD Million), 2017-2023
19. Middle East and Africa Microbial Lipase Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Microbial Lipase Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 660.58 million in 2023.
The market is estimated to grow at a CAGR of 6.7% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 1184.14 million by 2032.
The increasing application of microbial lipase in various sectors such as animal feed, the thriving food and beverage sector, and increasing livestock rearing are the major drivers of the market.
The key trends in the market include rapid advancements in enzyme technology and the growing use of lipase in biodiesel production.
Bacteria and fungi are the different sources of microbial lipase.
Liquid and powder are the major applications of the market.
Novozymes Group, Chr. Hansen Holding A/S, Advanced Enzyme Technologies, Enzyme Development Corporation, Creative Enzymes, Meito Sangyo Co., Ltd., and Biocatalysts Ltd., among others, are the key market players.
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