Microbial Lipase Market, Future Trends, On-going Demand, Opportunities, Segmentation, and Forecast till 2030

0
2K

Market Insights

As per the MRFR reports, the global microbial lipase market is projected to attain a market size of over USD 615.2 million while registering a CAGR of approximately 6.90% by the end of 2024.

The global market for microbial lipase has witnessed massive growth over recent years. The market's growth is mainly being driven by increasing consumer awareness related to the advantages of microbial lipase market. Furthermore, the factors such as growing use across the dairy industry, growing demand for the confectionery industry, and the rising consumer shift towards the ready to eat food products. However, the market growth is anticipated to be impeded by the lack of clarity in the patent protection law.

Segmental Analysis

The global microbial lipase market is divided into several segments based on application, form, source, and region.

The microbial lipase market is bifurcated on application into confectionery, bakery products, dairy products, animal feed, cleaning agents, and others.

Considering the source, the market is divided into bacteria and fungi.

Based on form, the global market is split into powder and liquid.

Regional Analysis

The global market for microbial lipase is studied across five major regions: North America, South America, Asia-Pacific, Europe, and the Middle East & Africa.

The North American regional market for microbial lipase dominated globally in 2018 with a total contribution of over 35%. The regional market will likely maintain the top position over the review timeframe. The regional market's growth is mainly being driven by the increasing use of the product in dairy products. Furthermore, the growing adoption from manufacturers of toiletries and cleaning agents is another vital parameter contributing to the regional market's growth. The US is the prime growth contributor across the North American region.

The European regional market for microbial lipase held the second position globally in 2018 with a contribution of 30%. The regional market is projected to register substantial growth during the forecast period.

The microbial lipase market for the Asia-Pacific region is likely to grow rapidly over the assessment timeframe. The regional market's growth is attributed mainly to technological advancement in developing nations. Countries such as Japan and China are the major growth contributors.

Competitive Analysis

The global market for microbial lipase is flooded with a wide number of players spread worldwide. The players across the market are investing heavily in the research & development of new products to lead the market globally. The list of prominent players in the microbial lipase market includes Biocatalysts Ltd (UK), Aumgene Biosciences (India), Creative Enzymes (US), Advanced Enzymes (India), Associated British Foods Limited (UK), Chr. Hansen A/S (Denmark), Novozymes AS (Denmark), Meito Sangyo Co., Ltd. (Japan), Enzyme Development Corporation (US), DowDupont Inc. (US), Amano Enzyme USA Co., Ltd. (US), Koninklijke DSM N.V. (Netherlands), and several others.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited), 99 Hudson Street,5Th Floor, New York, New York 10013, United States of America

Email: sales@marketresearchfuture.com

 

 

Zoeken
Categorieën
Read More
Health
Healthcare Data Storage Market Size: Trends and Insights
The Healthcare Data Storage Market Size was valued at USD 4.12 billion in 2022, and is...
By Vidula Patwardhan 2024-07-03 05:39:52 0 570
Other
Heavy-Duty Vehicle Rental Market Valuation 2024 Size, Share, Outlook, Trends & Forecast Till 2032
  Heavy-Duty Vehicle Rental Market Overview: Heavy-Duty Vehicle Rental Market industry is...
By Bondjoe Joe 2024-05-21 10:45:49 0 659
Other
Military Sensors Market Analysis, Size, Share, Trends, Growth, and Report and Forecast 2022-27
Military Sensors Market Insights According to the recent study published by MarkNtel Advisors,...
By Erik Johnson 2024-01-09 17:54:19 0 1K
Other
Medical Radiation Detection, Monitoring and Safety Market, Trends, Analysis & Forecast Till 2030
Introduction: The global medical radiation detection, monitoring and safety market was valued at...
By Akshay Gorde 2023-08-01 06:29:41 0 2K
Other
Antibodies Procurement Market Value Chain, Future Analysis, Industry Growth by 2030
Overview of the Antibodies Procurement Market The antibodies procurement market has been...
By Diksha Pote 2024-06-12 11:37:18 0 724