Lipase Market size to exceed 550 million by 2024

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Lipase Market size worth 550 million by 2024
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Regional Analysis of Global Lipase Market

• Rising disposable income coupled with changing
  consumer lifestyle may positively influence dairy
  application in lipase market size growth.
• APAC, led by India dairy production growth, was
  dominant in 2015 owing to strong outlook for
  product usage indairy applications.
• Global dairy product may generate over 14 million
  tons of annual demand. China imports
  approximately 1.5 million tons of dairy products
  annually while Russia around 1.4 million tons.
• Japan and Mexico annually produce approximately
  490 kilotons each. Rising animal health awareness
  among consumer owing to outbreak of diseases
  should favor high quality animal feed demand and
  drive lipase market size growth.

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Application Analysis of Global Lipase Market

• Global animal feed application is dominant and
  should witness gains at over 4.5 CAGR.
• Animal feed is rich in vitamins, fiber content
  and mineral which are used for livestock
  metabolism regulation. Increase in livestock
  production due to increase in meat consumption
  may fuel lipase demand as valuable enzymes.
• Feed enzymes market is gaining importance owing
  to better animal feed conversion, rise in
  biochemical reaction rate, improvement in animal
  health and feed quality.
• Necessity for animal nutritional intake coupled
  with high quality animal products yield for
  better meat should favor lipase market size
  growth.

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Competitive Market Share of Global Lipase Market

• Global lipase market share is competitive and
  oligopolistic with presence of few small players
  catering to local and regional industries. Key
  manufacturers include DuPont, Novozymes, Chr.
  Hansen Holdings and DSM.
• These players possess a significant product
  development along with production facilities
  expansion which may propel industry
  profitability.
• Other industrial participants include Amano
  Enzymes, Associated British food, Advanced
  Enzymes, Enzyme Development Corporation,
  Clerici-Sacco Group and Renco.

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