Microbial Lipase Market Size, Share & Trends Analysis Report By Application (Dairy Products, Cleaning Agents, Bakery Items, Confectionery Items), By Source, By Form, By Region, And Segment Forecasts, 2023 - 2030

Microbial Lipase Market Size & Trends

The global microbial lipase market size was valued at USD 557.44 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.52% from 2023 to 2030. This can be attributed to the growing inclination of consumers towards ready-to-eat food items and the growing number of government initiatives aimed at promoting animal health goods. The industry is also growing due to the consumption of cheese and dairy products that have had their enzymes changed.

Furthermore, cooperatives and farmers in animal husbandry are becoming increasingly aware of the advantages of regular use of microbial lipase for animal health, contributing to the market's expansion. Additionally, rising demand for microbial lipase from confectionery companies that make confections and growing R&D efforts to provide better, more effective microbial lipase-based products are driving the market's expansion in the coming years.

Recently, the focus of microbial biotechnologists has switched to the commercial use of microbially derived lipases, and many microbiological strains have been selected and characterized for their ability to produce enzymes. Candida rugose, Penicillium sp., Rhizopus sp., Aspergillus niger, and Pseudomonas sp. are the microorganisms most commonly used in industrial lipase synthesis as they are potential sources of lipase. Aqueous two-phase systems, reversed micellar systems, and immune purification procedures are some of the technologies used for cost-effective synthesis of large amounts of microbial lipase for industrial applications. Thus, technological advancement in microbial lipase extraction and production is anticipated to drive market growth.

The demand for microbial lipase has increased globally due to its multiple applications. They are extensively used in industrial cleaners, leather processing, detergent industries, and cosmetics. In addition, other applications of lipases in bioremediation, biodiesel production, biomedical applications, biosensors, and pesticides are of great importance. The growing use of microbial lipase for cattle farming and industrial livestock production is also anticipated to fuel market growth. According to Animal Equality Statistics 2022, approximately 99% of farmed animals were factory-farmed in the U.S. There were around 250,000 farms in the U.S. Thus, the increasing industrial animal agricultural farming is anticipated to drive demand for animal products, thereby driving market growth.

Application Insights

On the basis of the application, the market is segmented into animal feed, dairy products, cleaning agents, bakery items, confectionery items, and others. The cleaning agents segment held the largest market share in 2022. This can be attributed to the increasing demand for microbial lipase enzyme companies that develop cleaning agents like soaps and detergents. Furthermore, growing innovations in the detergents industry, such as using microbial lipases instead of chlorine bleach, are the major ones that drive the segment's growth in the coming years.

Source Insights

Based on the source, the microbial lipase market is segmented into bacteria and fungi. The bacteria segment held the largest market share in 2022. This can be attributed to its high manufacturing advantages over fungi. These advantages include easy-to-isolate and culture bacteria and higher reproduction capability. Over the last few decades, industries have used genetic manipulation in bacterial genes for maximized quality lipase yield. Thus, growing research and development in microbial lipase extraction from bacteria is anticipated to drive segment growth.

Form Insights

Based on the form, the microbial lipase market is segmented into liquid and powder form. The powder segment dominated the market in 2022. This can be attributed to better shelf life and stability over liquid form. It can be easily incorporated into dry formulations like tablets, capsules, and powders. This makes them suitable for a wide range of product applications.

Regional Insights

North America dominated the market in 2022. This can be attributed to the growing usage of enzymes in animal feed, dairy products, cleaning supplies, and toiletries. Furthermore, the demand for cheese and other dairy products has increased as a result of large restaurant chains. Therefore, it is anticipated that the region’s rising cheese consumption will fuel the expansion of the microbial lipase market.

Asia-Pacific is expected to witness the fastest CAGR over the forecast period. The existence of top worldwide producers of lipase enzymes and the growing use of lipase enzymes is expected to drive the demand for microbial lipases in Asia Pacific. Furthermore, the increased consumption of dairy products has grown due to the shifting dietary trends, which is expected to boost market growth during the forecast period.

Key Microbial Lipase Company Insights

DowDuPont, Associated British Foods, Novozymes, Chr Hansen, and DSM are key players operating in the market. To obtain access to new markets, the market participants are working towards joint ventures, launch of new products, mergers & acquisitions, and other strategic partnerships.

Following are some instances of strategic initiatives:

• In August 2023, the U.S. FDA approved the expanded use of RELiZORB, developed by Alcresta Therapeutics, Inc., to provide enteral feeding in children between 2 to<5 years of age. This approval is expected to have a positive impact on market growth.

• In August 2023, Pathlab announced offering lipase as a safe and effective alternative to amylase. This will boost microbial lipase during the forecast period.