The Europe Lipase Food Enzymes Market would witness market growth of 6.2% CAGR during the forecast period (2023-2029).
The food enzymes demand has experienced growth due to various factors such as urbanization, growing environmental concerns, advancements in research and development activities, and increasing disposable income. In addition, the growth of the food industry has been boosted by advancements in technology, including enzyme engineering and the development of genetically engineered enzymes. The market is experiencing growth due to factors like the multifunctional positive aspects of food enzymes across different industries and technological advances aimed at reducing the consumption of chemicals.
The rising consumption of processed food and dairy products has resulted in a significant surge in demand for lipase enzymes in the coming years. The transportation and processing of ester bonds in triglycerides is a crucial aspect of the digestion process. The utilization of lipase enzymes in manufacturing procedures is gaining significant attention from manufacturers due to the diverse range of advantages and applications in various industries. The catalytic properties of lipase enzymes have made them a valuable resource in various industries, including food production, chemical & synthetic laboratories, textile manufacturing, and feed mills.
Animal farmers spend a lot of money in Europe on high-quality feed, accessories, as well as care items for their farm animals and pets. In the region, the demand for animal feed is anticipated to rise over the forecast period due to rising consumer concern for the health of their pets and companion animals. Additionally, the region's consumption of bread, baked goods, and confectionery is exceptionally high. Germans eat a lot of bread and other baked goods, putting the country's bakery business the largest. The baking sector benefits from lipase because it improves dough stability and extends product shelf life. Because of all these considerations, the lipase food enzymes market is anticipated to grow in this region during the next few years.
The Germany market dominated the Europe Lipase Food Enzymes Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $43.9 million by 2029. The UK market is anticipated to grow at a CAGR of 5.3% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 7% during (2023 - 2029).
Based on Application, the market is segmented into Food & Beverage Processing, Animal Feed, and Others. Based on Food & Beverage Processing Type, the market is segmented into Bakery Products, Dairy Products, and Others. Based on Form, the market is segmented into Powder and Liquid. Based on Source, the market is segmented into Microorganisms, Animals and Plants. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Lipase Food Enzymes Market is Projected to reach USD 679.5 Million by 2029, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Chr. Hansen Holding A/S, Associated British Foods PLC (Wittington Investments Limited), Biocatalysts Limited (Brain Biotech AG), Novozymes A/S (Novo Holdings A/S), BASF SE, Infinita Biotech Private Limited, Antozyme Biotech Pvt Ltd, Jiangsu Yiming Biological Technology Co., Ltd., Creative Enzymes and Enzyme Development Corporation.
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