Lipase Market Report, By Source, End Use and Geography- Global Market Share, Trend Analysis and Forecast up to 2024

Report Code: 1401
Publish Date: November 2017

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Product Description

Lipase is an enzyme that facilitates the intestinal absorption of fats by splitting the fats for easy absorption. The enzyme is capable of hydrolyzing fats such as triglycerides into their component glycerol molecules and fatty acids. Lipase is found in blood, pancreatic secretions, gastric juices, adipose tissues and intestinal juices. Lipase, also known as triacylglycerol acylhydrolase, is a ubiquitous enzyme which has important physiological significance and also has industrial potential apart from food segments. This enzyme is soluble in water and can hydrolyze insoluble substrates into highly polar lipolytic products. Lipase was discovered by Claude Bernard in 1856 and since then, the product has been identified in plants, microorganisms, and animals. However, the richest sources of lipase are richest source are fungi, bacteria, and yeast. Microorganisms capable of producing lipase occur in varied environments including industrial waste-collection plants, dairies, plants producing vegetable oils, oil-polluted soils, composting plants, decomposing food, hot springs or coal heaps.

The Global Lipase Market is mainly segmented on the basis of Source, End Use and by Region/Country. On the basis of source of lipase, the market is segmented into Microbial and Animal. Further the market is segmented on the basis of end uses such as, Dairy, Animal Feed, Food Products, Chemicals and Others which include Cosmetics, Pharmaceuticals etc. Dairy applications are further segmented into Enzyme Modified Dairy Ingredients, Enzyme Modified Cheeses and Others. The report includes market size estimation for the regions such as North America, Europe, Asia-Pacific and Rest of the World regions which include Latin America, Middle East and Africa. The global Lipase market was estimated for 2017 and is forecasted from 2019 to 2024, in terms of volume (Kilo) consumption of Lipase and revenue (USD ‘000).

The demand for enzymes from industries primarily of microbial origin is ever increasing due to their large number of applications in a variety of processes. Reactions that are mediated through enzymes are attractive alternative to expensive and tedious chemical methods. Enzymes find extensive use in large number of applications such as food, pharmaceutical, dairy, detergent, cosmetic and textile industries. Enzymes such as amylases and proteases have already dominated the global market owing to their hydrolytic reactions for carbohydrates and proteins. However, as the bio catalytic potential of microbial lipases is realized in aqueous and non-aqueous media, industries have shifted towards using this enzyme for a wide variety of reactions of critical importance. AS such, the demand for microbial lipases is further anticipated to surpass the demand for animal lipases in the coming years.

The key companies that dominate the market are, Novozymes A/S, Koninklijke DSM N.V., Chr. Hansen Holdings A/S, Amano Enzymes Inc., Associated British Foods PLC, E. I. Du Pont De Nemours and Company (Genencor), Advanced Enzymes, Clerici-Sacco Group, Renco New Zealand, Enzyme Development Corp among others.

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