Lipase is one of the rapidly growing markets in the industrial enzymes market, mainly due to its numerous health and industrial benefits. It helps in the digestion of fats by breaking them down into fatty acids and glycerol. It also helps in controlling appetite and regulates cholesterol levels in the body. Furthermore, lipase performs several functions, such as texturants, flavorants, cleaning agents, and shelf life enhancers and has a range of applications in food & non-food industries.
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The global market has been categorized into source, application, and geography. On the basis of source, the lipase market has been segmented into microbial lipases and animal lipases. On the basis of application, the segmentation includes animal feed, dairy, bakery, confectionery, and others. The market has also been segmented on the basis of regions into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW).
The global market is projected to reach $590.5 Million by 2020, at a CAGR of 6.5% between 2015 and 2020. In 2014, the market was dominated by Asia-Pacific, followed by North America. The Asia-Pacific market is projected to grow at the highest CAGR, with rapid growth in the lipase market in developing countries such as China and India. The growing awareness about animal health and the rising consumption of meat and processed milk products are the major factors anticipated to drive the growth the market in this region.
This report includes market sizes in terms of value (USD Million) and volume (MT). Both top-down and bottom-up approaches were used to arrive at the market sizes and obtain the market forecast. Extensive secondary research was conducted to understand the market insights and trends, which was further validated through primary interviews. The report provides both, qualitative and quantitative analysis of the lipase market, the competitive landscape, and the preferred development strategies of key players.
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