The Lipase research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Lipase.

Axiom Market Research & Consulting™ published a global study on Lipase Market, By Source, End Use and Geography Forecasts Upto 2024. The report includes comprehensive analysis of market share, trends, drivers, restraints, company profiles, growth rates, competitive landscape etc. The market of lipase globally, valued at USD 505.8 million in 2017 and it is projected to grow at a compound annual growth rate of 6.3% from 2019 to 2024.

The report offers to change market dynamics in the Lipase industry, presenting historical, current and projected market size in terms of value (USD Million). The Lipase research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of Lipase market

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Dairy applications are further segmented into Enzyme Modified Dairy Ingredients (EMDI), Enzyme Modified Cheeses (EMC) and others. High demand for lipase in the production of enzyme modified dairy ingredients has contributed to the growth of global lipase market. EMDI is highly popular in countries such as the U.S. where this type of cheese constitute a significant proportion among all types of industrial cheese ingredients. EMDI is used as an alternative to standardize natural cheese flavors.

The report studied across various countries of key regions:
North America, Europe, APAC and rest of the world region which include MEA and Latin America. The global lipase market was led by North American region that accounted for major share among all geographies. However, APAC is anticipated to grow at a higher pace of 7.0% from 2019 to 2024. The growth of the region fueled by key factors such as, rising awareness for nutrition rich diets, growth in the number of retail channels which have penetrated both in the rural and urban areas, increasing demand for packaged food, and globalization of developing economies which has led to the increased demand for food processing industries.

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The key players operating in the global lipase market include:

• 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,
• Advanced Enzymes Technologies Ltd.,
• Clerici-Sacco Group,
• Renco New Zealand, and
• Enzyme Development Corporation.

Global lipase market by source segmented into microbial and animal.
The major end usage of lipase covered in the report are:

• Dairy
• Animal Feed
• Food Products
• Chemicals and
• Others which include Cosmetics, Pharmaceuticals etc.

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