The Asia Pacific Lipase Market was worth USD 197.38 million in 2018 and is expected to grow at a CAGR of 6.9%, to reach USD 275.55 million by 2023. Lipase is an enzyme produced by pancreas which catalyzes biochemical reactions in which hydrolysis of fats take place. It also hydrolyzes ester bonds in triglycerides to form mono glycerides and free fatty acids and also helps in formation of fatty acids. Lipases are also involved in inflammation and cell signaling.
Absence or inadequacy of lipase in body results in high cholesterol, high risk towards diabetes, decreased cell permeability, muscle spasms and high levels of triglycerides in the body. Lipases are used in industries for yogurt and cheese fermentation. Recombinant lipase enzymes are being used in applications such as laundry detergents, baking and as biocatalysts in converting vegetable oil into fuel.
Increase in pancreatic disorders and number of patients undergoing pancreatic enzyme replacement therapy, use of lipases in cosmetics industry, changing food habits and increase in consumption of dairy products are driving the lipase market. Use of lipase in food and beverages industry as flavoring agent and to increase shelf life of food products is also expected to drive the market. Uncertainties in patent protection laws are restraining the market growth.
The lipase market is segmented on the basis of source, application, functions and region. Based on source of lipase, the market is segmented into microbial lipases, animal lipases and plant lipases. Microbial lipases produced from bacteria and yeast account for the largest market share as they are most preferred in enzymes industry due to the low cost and high effectiveness compared to that of plants and animals. Based on applications, the market is segmented into Animal Feed, Dairy, Bakery, Confectionery and Others. Animal feed application leads the market in this segment due to increase in livestock production and increasing meat consumption. Dairy products applications are the fastest growing segment due to the changing eating habits and rise in disposable incomes of people. Based on functions the market is segmented into Frozen Food and Beverage Additives and Food and Beverage Texturants.
On the basis of geography, the Asia Pacific market is segmented into China, India, Japan, Australia and South Korea. China and India are the major producers of dairy products making Asia Pacific the largest lipase market.
Major players in the lipase market are E. I. Du Pont De Nemours and Company, Associated British Foods PLC, Amano Enzymes Inc., Novozymes A/S, Advanced Enzymes, Enzyme Development Corporation, Renco New Zealand, Koninklijke DSM N.V., Chr. Hansen Holdings A/S, and Clerici-Sacco Group.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Source
5.1.1 Introduction
5.1.2 Microbial Lipases
5.1.3 Plant Lipases
5.1.4 Animal Lipases
5.1.5 Y-o-Y Growth Analysis, By Source
5.1.6 Market Attractiveness Analysis, By Source
5.1.7 Market Share Analysis, By Source
5.2 Application
5.2.1 Introduction
5.2.2 Animal Feed
5.2.3 Dairy
5.2.4 Bakery
5.2.5 Confectionery
5.2.6 Others
5.2.7 Y-o-Y Growth Analysis, By Application
5.2.8 Market Attractiveness Analysis, By Application
5.2.9 Market Share Analysis, By Application
5.3 Functions
5.3.1 Introduction
5.3.2 Frozen Food and Beverage Additives
5.3.3 Food and Beverage Texturants
5.3.4 Other Functions
5.3.5 Y-o-Y Growth Analysis, By Functions
5.3.6 Market Attractiveness Analysis, By Functions
5.3.7 Market Share Analysis, By Functions
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Source
6.1.3.3 By Application
6.1.3.4 By Functions
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Source
6.1.4.3 By Application
6.1.4.4 By Functions
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Source
6.1.5.3 By Application
6.1.5.4 By Functions
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 E. I. Du Pont De Nemours and Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Associated British Foods PLC
8.3 Amano Enzymes Inc
8.4 Novozymes A/S
8.5 Advanced Enzymes
8.6 Enzyme Development Corporation
8.7 Renco New Zealand
8.8 Koninklijke DSM N.V.
8.9 Chr. Hansen Holdings A/S
8.10 Clerici-Sacco Group
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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