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Microbial Lipase Market

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:

  • Source
  • Form
  • Application
  • Region
Breakup by Source
  • Bacteria
  • Fungi
Breakup by Form
  • Liquid
  • Powder
Breakup by Application
  • Cleaning Agents
  • Animal Feed
  • Dairy Products
  • Bakery Products
  • Confectionery Products
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Novozymes Group 
  • Chr. Hansen Holding A/S 
  • Advanced Enzyme Technologies
  • Enzyme Development Corporation 
  • Creative Enzymes 
  • Meito Sangyo Co., Ltd. 
  • Biocatalysts Ltd. 
  • Others

 

*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 (2018-2023) 
    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 (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fungi
            8.4.2.1    Historical Trend (2018-2023)
            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 (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Powder
            8.5.2.1    Historical Trend (2018-2023)
            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 (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Animal Feed
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Dairy Products 
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Bakery Products 
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Confectionery Products 
            8.6.5.1    Historical Trend (2018-2023)
            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 (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023)
            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 (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Microbial Lipase Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        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 (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        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 (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        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 (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        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, 2018 and 2032
2.    Global Microbial Lipase Historical Market: Breakup by Source (USD Million), 2018-2023
3.    Global Microbial Lipase Market Forecast: Breakup by Source (USD Million), 2024-2032
4.    Global Microbial Lipase Historical Market: Breakup by Form (USD Million), 2018-2023
5.    Global Microbial Lipase Market Forecast: Breakup by Form (USD Million), 2024-2032
6.    Global Microbial Lipase Historical Market: Breakup by Application (USD Million), 2018-2023
7.    Global Microbial Lipase Market Forecast: Breakup by Application (USD Million), 2024-2032
8.    Global Microbial Lipase Historical Market: Breakup by Region (USD Million), 2018-2023
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), 2018-2023
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), 2018-2023
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), 2018-2023
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), 2018-2023
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), 2018-2023
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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