According to reports and data the Microbial Lipase Market, was valued at USD 424.1 Million in 2019; this is projected to reach 611.2 Million by 2026, at a CAGR of 7.0% during the forecast period. Microbial lipases are industrially relevant biocatalyst, particularly microbial lipases. Therefore, screening, production, and purification of lipase enzymes from microbial strains are continuously emerging to fulfill the needs of the pharmaceutical and food industries.
The report includes an extensive study of manufacturers, strategic initiatives adopted by major companies, growth prospects, market position, and shares held by key participants to provide readers a comprehensive overview of the competitive landscape. The report also studies strategic initiatives undertaken by major companies in the market, including product launches, product innovation, and technological development, to strengthen their position in the market.
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Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), DowDuPont (US), Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US) are players of microbial lipases market.
Further key findings from the Microbial Lipases market report suggest
• The snowballing demand for the fungal microbial lipases in developed and emerging nations especially in China and India. The usage of microbial lipase in various end-user industries such as food additive, personal care products, wastewater treatment.
• The APAC region has emerged as the most promising region of the microbial lipase market. The APAC region has India and China, which holds vast consumer base and the rising demand for the cleaning chemicals market and, the expanding food and beverage industry, is, in turn, contributing to the microbial lipase market. Since microbial lipase is heavily utilized in the production of vegetable oils, food and beverage industry, these segments will result in generating maximum revenue. Moreover, India’s increasing consumption of edible fat is also expected to boost market demand.
• The high demand for vegetable oils and the simultaneous production of the identical in Asian countries has been crucial in guaranteeing the expansion of the microbial lipase market in this region. Advanced enzymes (India) acquired 100% stake in Evoxx technologies in the year 2017, advanced Enzymes Europe B.V. has entered into a binding agreement with Germany based Evoxx Technologies GmbH, to acquire a 100% stake for a consideration of Euros 7.65 million. Evoxx Technologies GmbH is an industrial biotech firm primarily focused on the development & production of industrial enzymes, as well as a few specialized carbohydrates for nutritional applications. This acquisition will help to significantly expand R&D capabilities and also strengthen the presence in the European market.
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Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented microbial lipases market on the basis of application, form, source and region:
On the basis of Form: (Volume Metric Tons, Revenue, USD Million; 2019-2026)
• Powder
• Liquid
On the basis of Source: (Volume Metric Tons, Revenue, USD Million; 2019-2026)
• Fungi
• Bacteria
On the basis of Application: (Volume Metric Tons, Revenue, USD Million; 2019-2026)
• Cleaning agents
• Animal feed
• Dairy products
• Bakery products
• Confectionery products
• Others (bio-fuels and pulp & paper)
Regional Outlook (Volume Metric Tons, Revenue, USD Million; 2019-2026)
• North America
o U.S
o Canada
• Europe
o Germany
o France
o UK
o Spain
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
• Latin America
o Brazil
o Rest of Latin America
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Radical Features of the Microbial Lipase Market Report:
• Valuable insights into the Microbial Lipase market to impart an in-depth understanding of the business verticle
• An 8-year forecast estimation along with an analysis of key elements of the market
• Technological advancements, regulatory framework, and recent developments covered in the report
• Growth analysis and projections until 2026
• Statistical analysis of the key players operating in the Microbial Lipase industry
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