(MENAFN- Alliance News) Report Ocean published a recovery-based report for ' Global Microbial LipaseMarket ' that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2032) and develops reliable and approximative timeline estimations up to 2032.
Global Microbial Lipase Market is valued approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2032. Lipases are enzymes that derived from several sources like animal, vegetable, and microbiological. Industrial application of microbial lipase includes cleaning agents, animal feed, bakery, and confectionery products. Also, due to continuous developments microbial lipase's application is getting adopted in various industries like pharmaceutics, paper making, detergents, production and processing of food, biodiesel fuels etc. Growing food and beverage industries and increasing consumption of dairy products are key drivers for the growth of Microbial Lipase market.
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For instance, according to Food and Agriculture Organization of The United Nations (FAO)'s Overview of global dairy market developments in 2020 report- Global milk production estimated at 906 million tons in the year 2020, witnessing growth of over 2.0 percent from the year 2019. Also, in Asia Pacific, milk output is increased to 379 million tons in the year 2020, witnessing growth rate of over 2.6 percent year-on-year and In Europe, milk output increased to 236 million tons, witnessing increase of over 1.6 percent from the year 2019, this increase was mainly due to increase in production in the European Union, the Russian Federation and Belarus. Also, with the increasing applications from end use verticals and growing biofuel & confectionery industries, the adoption & demand for Microbial Lipase is likely to increase the market growth during the forecast period. However, slow penetration rate impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the global Microbial Lipase market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to increasing demand for the end-use applications in the region. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing food and beverages industry in the region would create lucrative growth prospects for the Microbial Lipase market across Asia-Pacific region.
Major market player included in this report are:
Novozymes
DSM
Chr. Hansen
Amano Enzymes Inc.
Associated British Foods
Dowdupont
Advanced Enzymes
Enzyme Development Corporation
Aumgene Biosciences
Biocatalysts
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Source:
Fungi
Bacteria
By Form:
Powder
Liquid
By Application:
Cleaning agents
Animal feed
Dairy products
Bakery products
Confectionery products
Others (biofuels and pulp & paper)
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Table of Content
Market Overview
Market Definition and Scope
Market Dynamics
Market Industry Analysis
Market, Regional Analysis
Analysis of Leading Companies
Competitive Intelligence
Research Process
Market Analysis and Forecast, By Product Types
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