Lipases are enzymes that act as catalyst and break down oils and solid fats into fatty acids and monoglycerides. The major functions performed by lipases include digestion and transport & processing of dietary lipids. Lipases are traditionally obtained from animal tissues. Wide varieties of lipases, including triglyceridases, phospholipases, lysozyme, and penicillin acylase are used for industrial purposes. Lipases play a vital role in the fermentation of cheese and yogurt. They are mainly applied in bakery, dairy, laundry detergents, and oil & fat industries. They are also used to convert vegetable oils into bio-fuel. Lipase is one of the fastest-growing enzymes market, due to its major applications in the dairy and animal feed sector.
The global lipase market was valued at USD 408.1 million in 2014, and is projected to reach USD 590.5 million by 2019, at a CAGR of 6.5% from 2014 to 2020. In 2014, the Asia-Pacific region led the global lipase market. The market in the Asia-Pacific region presents great opportunities for lipase products, as the governments in this region are becoming increasingly concerned towards the health and productivity of farm animals. In the Asia-Pacific region, China is the key market for lipase in animal feed application segment, having accounted for the largest market share in 2014. Largest livestock population is a key factor driving the demand of good quality animal feed in the country. In the North American region, the U.S. and Canada are the key markets for lipase.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownload.asp?id=205981206
Microbial Lipases segment to register the highest cagr during the forecast period
The microbial lipases segment held the largest share in the global lipase market in 2014. These are significantly used in the manufacturing of dairy products, such as cheese, yogurt, and cocoa butter, and animal feed. The increase in the demand for processed milk products is expected to drive the market for lipases, as they help in enhancing the flavor, texture, and shelf life of these products. Lipases also speed up the process of cheese ripening and enhance the quantity and quality of production.
Animal Feed Application to Dominate the Market
The global lipase market, based on application, has been segmented into animal feed, dairy, bakery, confectionery, and others. The animal feed application led the global lipase market with a market share of more than 20% in the year 2014. The factors contributing towards the growth of the animal feed segment are the increasing the demand of quality animal produce that includes dairy and meat, rising awareness about animal health, and growing awareness about health benefits provided by lipase. Lipases help in improving the health of livestock by breaking down the fats and speeding up the digestion process. Furthermore, they also help in enhancing nutrient absorption in the digestive tract and maintain animal health.
Changing lifestyles and increasing size of the food industry demands for processed meat, thus demanding more raw meat to cater to the rising global need for high-quality packaged meat. This in turn is expected to augment the demand for lipase in animal feed to maintain a healthy and strong livestock.
Any Query ? Speak to Analyst
Key Players and Growth Strategies
The lipase market is a highly concentrated and competitive in nature, with key market players using strategies such as new product launches and expansions of business operations to meet the rising consumer demand. The leading players in the lipase market are Novozymes (Denmark), Koninklijke DSM N.V., (Netherlands), Chr. Hansen Holdings A/S (Denmark), and E. I. du Pont de Nemours and Company (U.S.).
