Market Research Future (Food and Beverages) Microbial Lipase Market Research Report by Size | Page 3

Microbial Lipase Market Research Report – Forecast to 2023 2 Market Overview Lipase is a class of enzyme that breaks down fats. Groups of lipases produced from microorganisms are termed as microbial lipase. Microbial lipase is an important group of biotechnologically valuable enzymes. The global microbial lipase market is expected to grow significantly over the forecast period of 2018–2023. Microbial lipase is currently given much attention with the rapid development of enzyme technology, compared to the other sources of lipase such as plants and animal, as microorganisms tend to produce high yield. This describes widely spread industrial applications of microbial lipase in the food, oil & fat, soap and detergent, pulp & paper, and leather industries, among others. Microbial lipase provides various advantages over the plant or animal-based enzymes such as a variety of catalytic activity, high production capacity within a short period and ease of genetic manipulation. However, microbial lipase can be produced at any time and do not get affected by any seasonal fluctuation. Some of the other advantages are they can grow rapidly on inexpensive media and shows stability in terms of activity. Increasing awareness about animal health, need for better quality of animal feed products, increasing consumption of enzyme-modified cheese and other dairy ingredients, and wide industrial applications are some of the key drivers for market growth. Segmentation Global microbial lipase market has been segmented into application, source, form, and region. By application, the market has been segmented into cleansing agent, animal feed, dairy product, bakery products, confectionery products, and others. However, the cleansing agent segment is likely to dominate the microbial lipase market due to the need for a replacement to harsh bleach-based detergents. Based on source, the market is segmented into fungi and bacteria. While the fungal lipase segment is expected to dominate the market in the near future because of its specificity and stability under varied chemical and physical condition, fungal lipase are extra cellular in nature they can be extracted easily,which significantly reduces the cost and makes this source preferable over bactria.Moreover,fungal lipase found its wide applications in food and drug industry. . Based on form, the market has been segmented into powder form and liquid form. The powder form of microbial lipase is expected to dominate the market as it is relatively easy to handle, package, and transport as compared to the liquid form. Page | 3 Copyright © 2017 Market Research Future.