According to a new report, published by KBV research, The Global Lipase Food Enzymes Market size is expected to reach $679.5 Million by 2029, rising at a market growth of 6.9% CAGR during the forecast period.
The Animal Feed segment is showcasing a CAGR of 7.1% during (2023 - 2029). The use of lipases improves the nutritional content and digestibility of feeds, fostering the growth and profitability of animals while reducing the environmental harm caused by animal waste. Lipase enzymes can help break down the fat in animal feed, making it easier for animals to break down and absorb the nutrients. This can improve the feed's nutritional value and efficacy, leading to higher animal growth and output.
The Powder segment is leading the Global Lipase Food Enzymes Market by Form in 2022 thereby, achieving a market value of $435.9 million by 2029. The use of powdered lipase, a common food enzyme utilized in the food industry, can improve the texture and flavor of several food products. A few food items that frequently use powdered lipase are cheese, meat, and baked goods. For instance, to break down the milk fat during the cheese-making process, milk is infused with powdered lipase, which gives the finished product a distinct flavor and texture.
The Plants segment has shown the growth rate of 7.1% during (2023 - 2029). Numerous plants, animals, and microbes manufacture lipases, which are widely distributed in nature. These enzymes have a number of extremely intriguing characteristics, like low cost and simplicity in purification that render their economic use as enzymes for industry a potentially alluring alternative. Additionally, lipase is necessary for the digestion of fat-soluble vitamins like vitamins A, D, E, and K. Plant-derived lipase may increase the absorption of these critical nutrients by facilitating better fat digestion.
The North America market dominated the Global Lipase Food Enzymes Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $240.4 million by 2029. The Europe market is exhibiting a CAGR of 6.2% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 7.8% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/lipase-food-enzymes-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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