Microbial Lipases Market Projected to Reach $590.2 Million by 2023 | Key Players are Novozymes, DSM, Chr. Hansen, Amano Enzymes, Associated British Foods, DowDuPont

The microbial lipase market is estimated to be USD 425.0 Million in 2018. It is projected to reach USD 590.2 Million by 2023, growing at a CAGR of 6.8% from 2018, in terms of value. The market has been largely driven by increasing awareness about animal health and quality of animal produce, and increasing consumption of enzyme-modified cheese (EMC) and enzyme-modified dairy ingredients (EMDI). The advantages of microbial lipases over animal and plant lipases are also driving the market growth. The demand for lipase, particularly from microbial sources, is expected to witness significant growth in the near future, due to their numerous applications in a wide range of food processes.

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The cleaning agents segment is expected to dominate the microbial lipase market through 2023.

In 2017, the cleaning agents segment accounted for a larger share, by application, in the microbial lipase market, in terms of value. The use of microbial lipase in cleaning agents is growing with their increasing use in industrial laundry, households, and household dishwashers. Due to its low substrate specificity and its ability to withstand relatively harsh washing conditions and damaging surfactant properties, microbial lipase is widely used in this segment. These enzymes possess powerful stain removing properties and help in cleaning stains that consist of compounds such as fats, and carbohydrates.

The powdered form is to dominate the microbial lipase market through 2023.

The powder segment is projected to dominate the market throughout the studied period. The powdered form of microbial lipase is more widely used in a majority of applications, owing to its better handling, stability, and packaging. They are widely used in various application industries such as food & beverage, animal feed, cleaning, and biofuel.

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Asia Pacific is projected to be the fastest-growing regional market for microbial lipases.

The Asia Pacific region is projected to be the fastest-growing market for microbial lipases over the next five years, owing to an increase in overall economic growth, with diversity in income levels, technology, and demands of end consumers for better quality feed for livestock, leading to enhanced scope for future growth. Increased consumption of dairy products by the population in the region, which has fueled the growth of the processed dairy product and nutritional dairy food industries in the region. These factors influence the use of microbial lipase in the food products segment.

In this region, countries such as China and India are estimated to account for a major share of more than 50% of the Asia Pacific microbial lipase market. India is one of the fastest-growing markets for microbial lipases in the Asia Pacific region.

This report studies the marketing and development strategies, along with the product portfolios of leading companies such as Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), and DowDuPont (US). Other significant players include Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US).

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