Microbial Lipase Market Drives Industry Sales Driven by Demand for Efficient Enzymatic Solutions

The microbial lipase market is expected to reach in 2022 535.0 million USDIn terms of value, an increase of CAGR 6.8% from 2022 to 2032, reaching $990.2 million.

Lipases are highly adaptable bacterial enzymes that have attracted interest in various industrial processes. Lipases can be obtained from various sources, including fungi, bacteria, other microorganisms, animals, and vegetables. Among the sources of lipase, bacterial lipases accounted for the largest market share, at about 62%.

The hydrolysis of long-chain triglycerides is catalyzed by microbial lipase. Microbial sources of lipase enzymes are conceptually active and efficient, and offer a wide range of industrial applications in the production of modified molecules.

The research provides an in-depth analysis of the industry, presenting key growth drivers, constraints, opportunities, and current trends. It uses innovative research methods to provide the most accurate market analysis.

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It provides in-depth information on the Bacterial Lipase market. Some of them are:

• The estimated market value in 2019 was USD 510 billion. During the forecast period of the report, it was shown that the market showed a steady growth rate.
• The microbial lipase industry is dominated by the Asia-Pacific region.
• The emergence of leading global producers of bacterial lipase and the increase in the use of lipase enzymes are increasing the demand for bacterial lipases in the Asia-Pacific region.
• It is estimated that the bacterial lipase market is dominated by the powder type of bacterial lipase, preferred by consumers.
• Due to its numerous applications in a wide range of food processes, the demand for lipases, especially those from microbiological sources, can be expected to increase significantly in the near future.
• In terms of form, the liquid segment has proven to be dominant and is likely to maintain its market leadership position over the forecast period.

The COVID-19 outbreak will impact market growth

The lockdown caused by the coronavirus outbreak may seriously affect the supply side of the microbial lipase market. It may also affect the production and distribution of their goods and services. After the lockdown is lifted, there is a high probability that there will be an increase in sales, which will be covered from the existing stocks of companies in the microbial market.

A growing population, along with rising economic standards, has led to an increase in spending on food services. However, as with the aforementioned forecasts, the market may be heading into difficult waters.

Who wins?

The key players operating in the global microbial lipase market are DowDuPont (USA), Amano Enzymes (Japan), Novozymes (Denmark), Associated British Foods (UK), and Chr. Hansen (Denmark). There are several new developments in the industry that will generate specific opportunities for the microbial lipase manufacturers.

In addition, mergers and acquisitions continue to be a common strategy among market participants. Companies plan to expand their global reach through strategic alliances.

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MICROBIAL LIPASE MARKET TAXONOMY

The global Microbial Lipase market is divided in detail to cover every aspect of the market and provide readers with complete market knowledge.

According to the source:

By form:

By application:

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

By region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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