Growing
prevalence of celiac disease and obesity has led to an upsurge in
demand for lipase globally. In addition, surge in demand for
production of detergents will continue to impact the global market
growth of lipase. Future Market Insights states that the global
market of lipase is projected to reflect a CAGR of 7.8% over the
forecast period, 2017-2026.
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Factors
Fuelling Growth of the Global Market
Growth
of the global lipase market is mainly bound to various micro-economic
and macro-economic factors. Surge in consumption of the food products
that are rich in carbohydrate and fatty food items has led to surge
in health diseases such as abdominal discomfort, indigestion and
bloating. In order to inhibit prevalence of these health diseases has
led to surge in demand for lipase in the global market. In addition,
increasing prevalence of high triglyceride, obesity and cholesterol
will continue to impact the global market growth of lipase
positively. World Health Organization in its recent report stated
that 39% of adults aged 18 years and above reported overweight in
2016 whereas 13% were obese. As lipase breaks the fats into fatty
acid and glycerol, possibilities of weight gains and obesity is
reduced. The global market of lipase is projected to gain momentum
bound to such factors during the forecast period.
Attributed
to various industrial and health benefits, lipase continues to
witness significant demand in various industries such as food
industry, detergent industry and dairy industry. As application of
lipase enhances the shelf life, texture and flavor of the food
products, manufacturers are increasing using lipase during the food
production process. In addition, increasing demand for hydrolyzing
milk fat for the production of various dairy items will continue to
rev up sales of lipase in the global market. Lipase continues to find
application in coffee whiteners and cheese dairy products. Increasing
application of lipase in coffee whitener offers creamy flavor and
buttery texture in the toffees and caramel. Such factors are likely
to impact the global market growth of lipase significantly throughout
2026.
Besides
application in the dairy industry, lipase
continues to witness robust demand in the detergent industry. Surge
in need to remove the fatty residues and cleaning clogged drains has
led to a surge in demand for lipase during the production of house
cleaning products. Attributed to features that help in eradicating
the fatty residue, manufacturers in the detergent industry are mainly
looking for range of lipases including proteases and amylases.
Application of these lipases will enable the manufacturers to offer
cleaning products with improved efficiency. Further, the detergent
industry, which is controlled by the European Commission continues to
represent a leading end use sector for enzyme consumption. Increasing
apprehensions related to the persisting contamination of the
detergent chemicals in the ground water and environment along with
various other health issues has raised speculations about the
biodegradability of the product. Such factors continue to encourage
application of the enzymes along with the surge in demand for the
green cleaning detergents.
Sales
to Remain High in the Food Industry
Rapid
advancements in the emerging enzyme technology has led to surge in
demand for microbial lipase globally. By source type, the microbial
source segment is projected to represent a significant growth in
terms of revenue, representing more than US$ 300 Mn by 2026-end. On
the contrary, the animal source type segment is projected to reflect
the highest CAGR through 2026.
On
the basis of application, the food segment is projected to generate
highest revenues, accounting for less than US$ 100 Mn by 2017-end.
However, the animal feed application segment is projected to reflect
a robust CAGR during the forecast period. Based on forms, the liquid
segment is projected to represent a robust revenue growth,
representing more than US$ 200 Mn by 2026-end. On the other hand, the
powder form segment is projected to witness the fastest growth in the
global market of lipase throughout 2026.
Market
Players
Major
players in the global market of lipase are Koninklijke DSM N.V.,
Novozymes A/S, Amano Enzymes Inc., Hansen Holdings A/S, E. I. Du Pont
De Nemours and Company, Associated British Foods PLC, Clerici-Sacco
Group, Advanced Enzymes, Enzyme Development Corporation and Renco New
Zealand.
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