Market Overview
The global lipase market size was USD 572.29 million in 2023. The market is set to rise from USD 606.80 million in 2024 to USD 985.54 million by 2032 at a CAGR of 6.25% during 2024-2032.
Lipase fits in a class of enzymes that accelerate triglycerides into glycerol and fatty acids. This enzyme is crucial in human health in lipid transference and offers different tasks in several tissues, including hepatic lipase in the liver and pancreatic lipase in the small intestine. The rapid expansion of the functional cosmetics industry is propelling market growth.
List of Key Players Profiled in Report:
Segments
Microbial Lipases are Highly Preferred as They Offer Robust Resistance to High Temperatures
By source, the market is bifurcated into microbial and animal. The microbial segment accounted for the highest lipase market share as it is more unwavering and can effortlessly grow in a reasonable medium, resulting in high yields. Microbial lipases are highly preferred as they offer robust resistance to high temperatures and action in different pH ranges.
Food & Beverage Segment Dominated Due to Growing Usage ofLipase in Numerous Food Applications
In terms of application, the market is segregated into food & beverage (bakery, dairy, confectionery, beverages, and others), nutraceuticals, animal feed, and others. The food & beverage category commanded the market as the increased preference for lipase enzyme as a sustainable option as it provides high yields in numerous food applications. This enzyme is gaining popularity in the dairy industry, as it is highly preferred as a cheese flavor enhancer and also supports the lipolysis of milk, cream, and fat.
From the regional ground, the market is classified into Europe, South America, North America, Asia Pacific, and the Middle East & Africa.