lipase microbial source Market Emerging Trends, Growth Opportunities and Industry Statistics Till 2028
As per reports and data, the global Lipase microbial source Market, which are industrially relevant biocatalysts, was valued at USD 455.4 Million in 2020 and is expected to grow to USD 776.0 Million by 2028, with a CAGR of 7.0% during the forecast period. These enzymes are widely used in various industries, including food and fats, dairy, organic chemicals, pharmaceuticals, leather, environmental management, agrochemicals, detergents, oleo-chemicals, tea, cosmetics, and bioremediation processes. The market for lipase microbial source is expected to grow due to the increasing demand for lipase enzymes in the bakery and confectionery industries. The ease of mass production and versatile specificities of lipase microbial source make them suitable for a wide variety of industrial applications. Lipase microbial source are the third-largest group of enzymes, based on the total volume of sales, next to proteases and carbohydrates. The commercial use of lipases is a billion-dollar business, and their applications are highly dependent on specificities, optimum pH, temperature, and tolerance to organic solvents. Cleaning chemicals form a crucial part of industrial manufacturing, and routine cleaning is significant for maintaining quality while complying with safety regulations. Lipase microbial source are utilized in the manufacturing of cleaning chemicals, such as detergents, as they help in the effective removal of stains from clothes and other materials. Therefore, the market growth of the microbial lipase industry is expected to continue due to its essential role in various industries, including cleaning chemicals.
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Major Companies:
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)
Notable Innovation in Microbial Lipase Market:
- Development of high-performance microbial lipase strains through genetic engineering and fermentation technology.
- Use of immobilized microbial lipase for industrial applications, resulting in improved stability, reusability, and higher productivity.
- Application of microbial lipase in the production of biosurfactants, which are eco-friendly and biodegradable alternatives to traditional surfactants.
- Development of microbial lipase-based detergents and laundry additives, which offer better stain removal and fabric care than traditional products.
- Use of microbial lipase in the production of flavor and fragrance compounds, as well as in the synthesis of pharmaceutical intermediates and fine chemicals.
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