Market Definition: Microbial Lipase Market
The Global Microbial Lipase Market is expected to reach USD 600.10 billion by 2026, from USD 400.6 billion in 2017 growing at a CAGR of 6.8% during the forecast period of 2019 to 2026.
Lipases are the enzymes help in the hydrolysis of fats and reduce the formation of glycerol and fatty acids in all living beings. Microbial lipase plays a vital role in the process of digestion by processing the ester bonds in triglycerides. They also keep pancreatic enzymes at an optimum level. Health disorders such as bloating, indigestion and abdominal discomfort are caused by the consumption of high carbohydrate and fatty food items. Lipases help in the prevention of diabetes, cholesterol, obesity and high triglycerides. Lipases are generally produced by microbial sources such as fungi, yeast and bacteria. Bacteria and fungi lipases are preferred the most in the enzymes industry.
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Major Market Drivers & Restraints are as follows:
- Advantages of microbial lipases over animal and plant lipases
- Increasing awareness about animal health and quality of animal produce
- Increasing consumption of enzyme modified cheese (EMC) and enzyme modified dairy ingredients (EM growing demand in new applications)
- Lack of transparency in patent protection laws
- Absence of uniform regulatory structure
Key Market Competitors: Microbial Lipase Market
Few of the major competitors are Novozymes, DSM, Chr. Hansen, Amano Enzymes Inc, Associated British Foods, Dowdupont, Advanced Enzymes, Enzyme Development Corporation, Aumgene Biosciences, Biocatalysts, Meito Sangyo Co., Ltd., Creative Enzymes, Clerici-Sacco Group, Renco New Zealand and Enzyme Development Corporation, Advanced Enzymes among others.
The report gives the details about market trends, future prospects, market restraints, leading market drivers, several market segments, key developments, key players in the market, and competitor strategies. This market report puts light on various aspects of marketing research that range from important industry trends, market size, market share estimates, sales volume, emerging trends, product consumption, customer preferences, historic data along with future forecast and key player analysis. Under competitive analysis section, major key players existing in the market are mentioned along with various details such as company profiles, their market share analysis, and their different strategies which make them thrive in the market.
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Market Segmentation: Microbial Lipase Market
- The microbial lipase market is segmented based on application, form, source and geographical segments.
- Based on application, the market is segmented into cleaning agents, animal fee, dairy products, bakery products, and confectionery products and other.
- On the basis of form, the market is classified into powder and liquid
- On the basis of source, the market is classified into fungi and bacteria.
- Based on geography, the microbial lipase market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global microbial lipase market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microbial lipase market for global, Europe, North America, Asia Pacific and South America.
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