Growth opportunities and latent adjacency in Microbial Lipase Market

Lipases are obtained from three sources, namely, microrganisms, animal, and plant. Owing to the rapid advancement of the enzyme technology, the market for microbial lipases is huge. The other reason for the rising in growth is their increased demand, particularly from microbial sources. This demand is expected to witness significant growth in the future due to the numerous applications of lipases in a wide range of food processes. Microbial lipases are more useful than lipases derived from plant and animal sources because of varied applications in catalytic activities. Other reasons include their high yielding, convenience application in genetic modification, along with a faster growth rate of microbes or microrganisms in a less expensive medium. In addition, they offer a reliable supply, as their production is least affected by seasonal variations. Microbial lipases have more stability than plant and animal lipases and are more convenient and safe for production.

The global market for microbial lipase is projected to reach USD 590.2 million by 2023, at a CAGR of 6.8%

The adoption of microbial lipases has witnessed increased acceptance over the past decade, with the rising awareness about livestock health. As a result, the demand for highly nutritive feed products for animals has increased. Microbial lipase enzyme are enzymes that render health benefits when consumed in adequate quantities. They help in breaking down fat lipids and support the absorption of essential nutrients, such as vitamins and minerals, in the digestive tract. Since food safety has become an important subject for many governments around the world, especially in North America and Europe, the global microbial lipase market is expected to witness significant growth.  

Cleaning agents segment projected to account for the largest market share and confectionery products segments projected to achieve the highest growth, by application, between 2018 and 2023

Microbial lipases are used as cleaning agents in the laundry & detergent industry. Innovations, such as replacing harsh chlorine bleach with lipase, in the detergent industry is a key factor that drives the growth of industrial microbial lipases. Additionally, increasing industrial growth, due to the developing nature of many economies, is anticipated to fuel the demand for industrial detergents and cleaning solutions. Thus, an increase in the demand for cleaning agents will lead to an increased demand for microbial lipases.

Microbial lipases help in imparting a cheesy flavor to confectionery food items by breaking down fats into fatty acids and butter fats into butyric acids. They also help in enhancing the flavor, texture, and softness of confections. Sugar confectioneries are widely consumed in the Asia Pacific region. Confectionery manufacturers are extensively using microbial lipases in the production of confections, as they help in breaking down fats and help in rendering a creamy and cheesy flavor to the products. This has led to an increased demand for microbial lipases in the confectionery products.

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The largest regional market for microbial lipase is the Asia Pacific market. The market for microbial lipase in the region is growing at a higher pace, owing to agricultural economies in this region, which demand healthy livestock for farming and other agricultural practices. This drives the demand for lipase-based animal feed to improve the immunity and health of livestock. The advantages offered by microbial lipases over plant and animal lipases, increasing awareness about animal health and the quality of animal products, and growing demand for microbial lipases from emerging economies such as India and China, have been driving the market. Asian countries such as China and India are expected to contribute significantly to the growth of the global microbial lipase market in the near future.

Major players such as Novozymes A/S (Novozymes) (Denmark), DowDuPont (US), Koninklijke DSM N.V. (DSM) (Netherlands), Associated British Foods PLC (ABF) (UK), and Amano Enzymes (Japan) are focusing on research & development to increase the efficiency and quality of their microbial lipase products.

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