North America Lipase Food Enzymes Market Size, Share & Industry Trends Analysis Report By Application (Food & Beverage Processing, Animal Feed, and Others), By Form (Powder and Liquid), By Source, By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Lipase Food Enzymes Market would witness market growth of 5.6% CAGR during the forecast period (2023-2029).
The human body makes its own lipase enzymes, there are situations when getting lipase enzymes from a different source is important. The microbial lipase demand is expanding quickly as a result of increased lipase activity in the food and beverage industry, cosmetics industry, oleo production industry, and biosensor industry. The pancreatic enzymes benefit from lipase's assistance in performing at their peak levels. Therefore, it is crucial to perform a lipase test since there are more disorders like stomach cramps, indigestion, and bloating due to the increased consumption of fatty meals and carbohydrates.
Higher consumption of enzyme-modified dairy products and cheese, as well as higher utilization of microbial lipase by end users compared to plant or animal lipase, are all factors in the rise in lipase sales. Diabetes, obesity, high cholesterol, and triglycerides can all be treated with lipase. As a result, for a healthy body, doctors and nutritionists advise getting the recommended amount of lipase. This may also increase lipase demand throughout the foreseeable timeframe. Detergents and numerous other types of household cleaning products include lipase. They aid in the dissolving of fatty deposits and the unclogging of drains. In addition, there is growing support for the use of green detergents that do not pollute the water. In the coming years, this is anticipated to boost lipase sales.
One of the primary factors driving the demand for food enzymes like lipase is the high consumption of animal products and meat in this region. Due to increased spending on high-quality products and consumer desire for processed meals made with ingredients from naturally obtained sources, the United States leads the world in both the production and consumption of enzymes. Mexico also has a growing demand for enzyme consumption and production. The high demand is linked to American consumers' increased spending on high-quality goods and their shifting preferences for processed foods containing naturally produced ingredients. Additionally, the market growth in the region will be fueled by increased urbanization and improved living standards.
The US market dominated the North America Lipase Food Enzymes Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $173.5 million by 2029. The Canada market is poised to grow at a CAGR of 8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- Food & Beverage Processing
- Bakery Products
- Dairy Products
- Animal Feed
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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
- Enzyme Development Corporation
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