Lipase Market Overview 2024 | Opportunities & Challenges

In 2024, the global lipase market reached a valuation of approximately USD 744.6 million.Looking ahead, it is projected to expand at a compound annual growth rate (CAGR) of 7.9%, culminating in an estimated market value of USD 1,607.6 million by 2034.

When breaking down the sources of lipase, microbial lipase commands a dominant share, accounting for 87.1% of the total market in 2024.This high concentration underscores the preference for microbial enzymes in various industrial applications.

Examining the physical forms of lipase, the powder formulation emerged as the top choice, representing 67.7% of the market share in the same year.This suggests strong industrial demand for powdered enzyme products over liquid or other formats.

Finally, when evaluating applications, the food & beverage sector was the leading consumer of lipase enzymes, capturing 40.8% of total usage in 2024.This reflects the enzyme’s significant role in processing and enhancing food products.

Transcript

1. Global Lipase Market Report (2024–2034) COMPREHENSIVE OVERVIEW, TRENDS, AND FORECAST
2. Market Overview The Global Lipase Market is projected to grow from USD 744.6 million in 2024 to USD 1,607.6 million by 2034, at a CAGR of 7.9%. Lipases are enzymes that break down triglycerides into glycerol and free fatty acids. Widely applied in food processing, pharmaceuticals, biodiesel, and cleaning industries due to their versatility and eco- friendliness.
3. Key Takeaways  2024 Market Value: USD 744.6 Million  2034 Forecast: USD 1,607.6 Million  CAGR (2025–2034): 7.9%  Microbial Source Dominates (87.1%)  Powder Formulation Leads (67.7%)  Food & Beverages is the Top Application (40.8%)  North America Holds Largest Share (36.4%)
4. Lipase Market by Source (2024) 0 100 200 300 400 500 600 700 Microbial Animal Plant USD Million
5. Lipase Market by Formulation (2024) 0 100 200 300 400 500 600 Powder Liquid USD Million
6. Lipase Market by Application (2024) 0 50 100 150 200 250 300 350 USD Million
7. Lipase Market by Region (2024) 0 50 100 150 200 250 300 North America Europe Asia Pacific MEA Latin America USD Million
8. Market Drivers  Growth in processed and convenience foods.  Industrial demand for sustainable enzyme-based solutions.  Rising awareness about digestive health and obesity.  Technological advances in enzyme production and application.
9. Market Restraints High costs of production and purification.  Complex regulatory and quality compliance requirements.  Environmental regulations increasing cost burdens.  Market pricing pressure from chemical substitutes.
10. Market Opportunities  Biotechnology-driven production using engineered microbes.  Expanding application in low-fat and trans-fat-free food.  Growing demand for bio-based industrial processes.  Government funding supporting biotech innovation.
11. Trends: Enzyme Engineering  Use of recombinant microorganisms (e.g., E. coli, A. niger).  Immobilized enzymes for reuse and cost reduction.  Directed evolution improving enzyme performance.  Supported by EU and U.S. government R&D programs.
12. Geopolitical Impact  U.S. imposed 10% baseline tariff on food/dairy in May 2025.  TRQs imposed on cheese, butter, increasing import cost.  Resulted in 2.3% overall price hike and $3,800 annual loss per U.S. household.  Tariffs disrupted supply chains.
13. Key Players  Novonesis Group  DSM-Firmenich AG  Kerry Group  AB Enzymes  Amano Enzyme  Advanced Enzyme Technologies  Creative Enzymes  BRAIN Biotech Group  Sacco System  Antozyme Biotech  Renco  Others
14. Key Developments  Sep 2024: Biocatalysts launched Lipomod™ 70MDP for hydrolysis of plant oils.  Apr 2023: Firmenich merged with DSM forming DSM- Firmenich AG.  Dec 2023: Kerry acquired lactase enzyme business from Chr. Hansen.