Title: Lipase Market size to exceed 550 million by 2024
1Lipase Market size worth 550 million by 2024
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2Regional 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.
3Application 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.
4Competitive 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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