Microbial Lipase Market Scope, Global Analysis 2020, Regional Trend and Forecast to 2024

Research Reports

Jan 15, 2021

Market Overview

Changes in lifestyle, urbanization, and rapidly developing industrial sectors are impacting the progress rate of the global microbial lipase market. The global market is all set to surpass a valuation of USD 615.2 mn during the forecast period of 2020 to 2024.

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Competitive Landscape

Chr. Hansen A/S (Denmark), Amano Enzyme USA Co., Ltd. (US), Novozymes AS (Denmark), Koninklijke DSM N.V. (Netherlands), Aumgene Biosciences (India), Advanced Enzymes (India), Associated British Foods Limited (UK), DowDupont Inc. (US), Meito Sangyo Co., Ltd. (Japan), Enzyme Development Corporation (US), Creative Enzymes (US), and Biocatalysts Ltd (UK)

Segmentation

By source, the global study on the microbial lipase market has been segmented on the basis of fungi and bacteria. Both these segments are getting traction from their specific applications and are expected to contribute substantial revenue.

By form, the global study on the microbial lipase market has been segmented on the basis of liquid and powder. The powder format is getting traction for its convenient application. The liquid segment is also popular.

By application, the global Microbial Lipase Market for microbial lipase has been segmented into confectionery, dairy products, bakery products, cleaning agents, animal feed, and others. The market is expected to gain traction from both confectionery and dairy products segment. People’s preference for the same is also expected to provide back up for the market growth.

Regional Analysis

North America is making strong statements in the market as it is leading the global market. In 2020, the market had a coverage of almost 35%. This was due to the contributions made by countries like the US and Canada. Both these countries are maintaining their contribution standard. In Asia Pacific, this growth would be the fastest during the forecast period with substantial contributions made by India, China, Japan, and others. In Europe, the global market would witness steady surge.

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