Lipase Food Enzymes Market Expected to Reach $787.6 Million by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Lipase Food Enzymes Market," The lipase food enzymes market size was valued at $417.40 million in 2021, and is estimated to reach $787.6 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

A type of digestive enzyme called lipase aids in the breakdown of fats and oils into simpler molecules like fatty acids and glycerol. The pancreas and small intestine among other bodily organs produce lipase, which is also present in some meals and supplements. Some plant-based foods like avocados and nuts contain lipase, as do certain animal-based foods like dairy products and fatty meats. Several nutritional supplements and weight loss products also contain lipase enzymes. Few of the examples of such supplements are NOW Super Enzymes, Source Naturals Essential Enzymes, Garden of Life Dr. Formulated Enzymes Organic Digest+, Zenwise Health Digestive Enzymes Plus Prebiotics & Probiotics, BioSchwartz Advanced Digestive Enzymes, and Enzymedica Lypo Gold. These supplements are sometimes taken by people with digestive diseases such as pancreatitis, cystic fibrosis, and celiac disease. They are marketed as aids for fat digestion and absorption. These lipase food enzymes market trends are creating lipase food enzymes market opportunities.

According to lipase food enzymes market analysis, the global lipase food enzymes market is analyzed based on source, form, application, and region. By source, the market is divided into microorganisms, animals, and plants. Among these, the microorganisms segment occupied the major lipase food enzymes market share in 2021 and is projected to maintain its dominance during the forecast period. Most microbial lipases are made by fermentation methods, where the microorganisms are grown under carefully monitored conditions to maximize enzyme output. In order to use the enzymes in food applications, they are subsequently extracted and purified. Microbial lipases are widely utilized in the food industry for many different purposes, such as the production of cheese, baking, and meat processing, because of their great efficiency and adaptability.

By form, the market is divided into powder and liquid. The liquid segment is anticipated to grow at a moderate rate during the forecast period. In order to improve the food products' flavor, texture, and shelf life, liquid lipase enzymes are frequently added to them during processing. Dairy products, baked products, and meat processing are just a few of lipase food enzymes applications in the market. Since liquid lipase enzymes can be introduced straight to liquid mixtures or suspensions, they have the benefit of being simple to include in food compositions. A product's texture or flavor can be improved by using them in combination with other food enzymes to accomplish specific processing objectives.

By application, it is classified into food & beverage processing, animal feed, and others. Further, the food & beverage processing segment is classified into bakery products, dairy products, and others. The animal feed segment is anticipated to grow at the highest CAGR during the forecast period. In the animal feed industry, lipase food enzymes are frequently combined with other digestive enzymes, notably proteases and carbohydrases, to improve animal health and maximize nutrient utilization. They can be used in a range of animal feed formulations, including those for ruminants like cattle and sheep, poultry, and pigs. By making fats and oils easier to digest, lipase food enzymes boost the energy density of animal feed, which is one of the main advantages of lipases. This may result in increased animal productivity and lipase food enzymes market growth, as well as lower feed expenses.

The region that dominated the global lipase food enzymes market in 2021 was North America, and its dominance is anticipated to continue throughout the lipase food enzymes market forecast period. The market for lipase food enzymes in North America is expanding as a result of a number of factors, such as the rising popularity of cheese that has been enzyme-modified and the rising demand for processed foods and functional foods. The need for lipase enzymes as a digestive aid is also being fueled by the high prevalence of digestive issues in the region including celiac disease and lactose intolerance. The need for natural and organic products, plant-based and alternative proteins, and the requirement for clean label components are all trends in the food industry that have an impact on the market for lipase food enzymes in North America.

The pandemic has disrupted global supply chains, causing shortages of some ingredients and delays in production and distribution. In addition, the pandemic has led to changes in consumer behavior, with many people staying at home and cooking more meals themselves. These changes in consumer behavior may have had both positive and negative impacts on the lipase food enzymes market. The major players analyzed for the global lipase food enzymes industry are Creative Enzymes, Enzyme Development Corporation, Infinita Biotech Private Limited, Laboratoire Therascience Luxembourg, AB Enzymes, Advanced Enzymes, Angel Yeast Co., Ltd., Antozyme Biotech Private Limited, BASF SE, Biocatalysts Limited, Bioven Ingredients, Chr. Hansen Holdings A/S, Novozymes A/S, Ultreze Enzymes Private Limited, and Yiming Biotechnology.

KEY FINDINGS OF STUDY

• By source, the microorganisms segment was the highest revenue contributor to the market, with $303.5 million in 2021, and is estimated to reach $584.4 million by 2031, with a CAGR of 7.0%.
• By form, the powder segment was the highest revenue contributor to the market, with $234.4 million in 2021, and is estimated to reach $429.7 million by 2031, with a CAGR of 6.5%.
• Depending on the application, the food and beverage processing segment was the highest revenue contributor to the market, with $260.2 million in 2021, and is estimated to reach $486.5 million by 2031, with a CAGR of 6.7%.
• Region wise, North America was the highest revenue contributor, accounting for $156.5 million in 2021, and is estimated to reach $287.5 million by 2031, with a CAGR of 6.5%.