The global market is projected to reach $590.5 Million by 2020, at a CAGR of 6.5% between 2015 and 2020. In 2014, the market was dominated by Asia-Pacific, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR, with rapid growth in the lipase market in developing countries such as China and India. The growing awareness about animal health and the rising consumption of meat and processed milk products are the major factors anticipated to drive the growth the market in this region.
Pune, India -- (SBWIRE) -- 10/19/2015 -- The report "Lipase Market by Source (Microbial Lipases, Animal Lipases), Application (Animal Feed, Dairy, Bakery, Confectionery, Others), & by Geography (North America, Europe, Asia-Pacific, Latin America, RoW) - Global Forecast to 2020", defines and segments the market on the basis of source, application, and geography, along with analyses and projections of the market size of each of these segments in terms of value and volume. It also identifies the driving and restraining factors for the lipase market with an analysis of the trends and opportunities.
Browse 122 tables and 92 figures spread through 176 Pages and in-depth TOC on "Lipase Market - Global Forecast to 2020"
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The most widely used microbial sources for production of lipases are bacteria, fungi, and yeast; bacterial and fungal lipases are the most preferred ones in the industry. Microbial lipases are more useful than lipases derived from plant and animal sources because of their variety in catalytic activities, high yield, and convenience of genetic modification, along with fast growth rate of microbes in less expensive medium. Lipases are enzymes that help in the hydrolysis of fats, and consequently aid in the formation of fatty acids and glycerol. They perform vital role in the digestion process in all the living beings by processing and transporting the ester bonds in triglycerides. They also assist in keeping pancreatic enzymes at an optimum level. Ill health effects such as abdominal discomfort, bloating, indigestion, and gas, mainly caused by high-fat food, are reduced with the help of lipases. They help in the prevention of high cholesterol, diabetes, high triglycerides, and obesity.
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On the basis of source, the lipase market has been segmented into microbial lipases & animal lipases. On the basis of applications, the market has been segmented into animal feed, dairy, bakery, confectionery, and others. The geographical analysis in the report includes North America, Europe, Asia-Pacific, Latin America, and RoW.
The increasing awareness about animal health among consumers across the world and rising demand for high quality animal produce across regions, are the key factors fueling the growth of global lipase market. Lipases also perform functions, such as texturants, flavorants, cleaning agents, and shelf life enhancers. Besides the food & beverage industry, lipases find applications in various industries, such as cosmetics, pharmaceuticals, textile, and leather.
The market for lipase is projected to reach $590.5 Million by 2020, at a CAGR of 6.5% between 2015 and 2020. In 2014, Asia-Pacific was the largest and fastest-growing market for lipase. In terms of market size, the Asia-Pacific lipase market was closely followed by the market in North America, with the U.S. being the major revenue contributor in the region. Latin America is projected to be the second fastest-growing market for lipase during the forecast period. The global lipase market is expected to grow in the near future, owing to factors such as increasing health awareness among people across the globe, changing dietary habits, and growing technological advancements in the food & beverage industry.
The report includes key strategies, along with the product portfolio of the leading companies in the market. It includes the profiles of the leading companies, such as Novozymes (Denmark), Koninklijke DSM N.V., (Netherlands), Chr. Hansen Holdings A/S (Denmark), and E. I. du Pont de Nemours and Company (U.S.), among others. The key players in the market have been focusing on new product developments, acquisitions, joint ventures, and expansion of their production facilities to strengthen their position in the global market.
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