The global microbial lipase market is projected to reach USD 590.2 million by 2023, at a CAGR of 6.8% from 2018. The microbial lipase market, over the past few years, has been largely driven by the increasing awareness about animal health and quality of animal produce and the increasing consumption of enzyme-modified cheese (EMC) & enzyme-modified dairy ingredients (EMDI). The advantages of microbial lipases over animal and plant lipases are also driving the market growth.

On the basis of application, the microbial lipase market is segmented into cleaning agents, animal feed, dairy products, bakery products, confectionery products, and others (biofuel and pulp & paper). The confectionery products segment is projected to be the fastest-growing from 2018 to 2013. As confectionery manufacturers are extensively using microbial lipases in the production of confections, as they help in breaking down fats and in rendering a creamy and cheesy flavor to the products. This has led to an increase in demand for microbial lipases in the confectionery products segment.

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On the basis of form, the liquid form of microbial lipases is projected to be the faster-growing in the microbial lipase market over the next five years. The powdered segment is estimated to dominate the market; this growth can be attributed as it is more widely used in a majority of applications owing to its better handling, stability, and packaging. It is widely used in various applications in industries such as food & beverage, animal feed, cleaning, and biofuel. The powder and liquid segments are projected to register a CAGRs of 6.7% and 7.0%, respectively, during the forecast period.

Regionally, Asia Pacific is estimated to dominate the global microbial lipase market, due to agricultural economies in this region, which demand healthy livestock for farming and other agricultural practices. This drives the demand for lipase-based animal feed to enhance the immunity and health of livestock. Further, the rise in construction activities is augmenting the growth of the cleaning services segment, which drives the use of microbial lipase in the cleaning agent segment. The market for microbial lipases in the Asia Pacific region is likely to grow at the highest CAGR, owing to the opportunities offered by developing countries in the region. Growth in awareness about the advantages of microbial lipases over plant and animal sources has been driving the demand for microbial lipases, globally.

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The market is concentrated with key players adopting investments and strategic alliances, expansions, mergers & acquisitions, new product launches, partnerships, and agreements with other players to strengthen their business, explore new and untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships. Several companies focus on expanding their business in the Asia Pacific microbial lipase market, owing to the numerous growth opportunities present in the region. In November 2016, Novozymes (Denmark) opened a new production facility in India. This helped the company to expand its industrial enzyme business in Southeast Asia.

The microbial lipase market was valued at USD 400.6 Million in 2017 and is projected to reach USD 590.2 Million by 2023, growing at a CAGR of 6.8% from 2018, in terms of value. The objectives of this study are to define, segment, and project the size of the microbial lipase market based on application, form, source, and key regions.

Microbial lipases are enzymes that act as catalysts and break down oils and solid fats into fatty acids and monoglycerides. Microbial lipases are generally extracted from yeast, fungi, and bacteria. Lipases are widely present in nature, but microbial lipases are more significant than the lipases obtained from plant and animal sources, due to their wide availability, greater stability, and low production cost.

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Microbial lipases are highly diversified in their enzymatic properties and substrate specificity, which are useful for industrial applications. They play a vital role in the fermentation of cheese and yogurt. They are used in the bakery, dairy, laundry detergent, and animal feed industries. They are also used to convert vegetable oils into biofuel.

The microbial lipase market includes players such as Novozymes (Denmark), DSM (Netherlands), Chr. Hansen (Denmark), Amano Enzymes (Japan), Associated British Foods (UK), DowDuPont (US), Advanced Enzymes (India), Enzyme Development Corporation (US), Aumgene Biosciences (India), Biocatalysts (UK), Meito Sangyo Co., Ltd (Japan), and Creative Enzymes (US).

The market is concentrated with key market players adopting investments and strategic alliances, expansions, mergers & acquisitions, new product launches, partnerships, and agreements with other players to strengthen their business, explore new and untapped markets, expand in local areas of emerging markets, and develop a new customer base for long-term client relationships.

Novozymes (Denmark)

Novozymes was founded in 1923 and is headquartered in Denmark. It is a biotechnology company and is engaged in the production and marketing of enzymes, microorganisms, and biopharmaceutical ingredients. The company generates revenues from five major segments, namely, bioenergy, food & beverages, household care, technical & pharma, and agriculture & feed. Novozymes, through its biopharma business segment, provides healthcare products such as enzymes and bio-based technologies.

Novozymes operates globally through its subsidiaries and partnerships with other companies. The company highlighted its interest in strengthening its financial performance by focusing on bio-yield-enhancing products that are eco-friendly. Through heavy investment in R&D, the company strategizes to innovate its product offering and meet the demand for more effective enzymes in the highly competitive market. For instance, in November 2016, Novozymes opened a new production facility in India. This helped the company to expand its industrial enzyme business in Southeast Asia.

DowDuPont (US)

DowDuPont is a combined entity of Dow and DuPont, which have been innovative science-based leading companies in the agriculture, specialty products, and material science industries. In September 2017, DuPont merged with Dow Chemicals to form a combined entity named “DowDuPont.” Genencor is a biotechnology division of DuPont, which operates in the field of industrial enzymes and proteins. Genencor has a wide range of industrial enzymes under its portfolio, including lipases, xylanase, and cellulase.

The company’s manufacturing, processing, marketing, and R&D facilities, as well as regional purchasing offices and distribution centers, are located across the globe. The subsidiaries of DowDuPont are Solae, E. I. du Pont de Nemours and Company (UK), and so on. The major competitors of DowDuPont include Novozymes A/S, Chr Hansen Holdings A/S, and Koninklijke DSM N.V.

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The company is focusing more on market visibility; productive R&D would create an opportunity for the growth of the microbial lipase market. Before the merger, DuPont had a three-tier strategy to achieve growth in this market. The first part of the strategy was to deliver new products by taking advantage of the power of integrated science; second, strongly pursuing knowledge in all its businesses; and third, significantly optimizing productivity using Six Sigma methodologies. DuPont has also been focusing on strengthening its R&D capabilities. This will help the company to sustain its leadership position in the market.

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