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Newark, NJ, Feb. 17, 2021 (GLOBE NEWSWIRE) As per the report published by Fior Markets, the
global lipase market is expected to grow from USD 585.56 million in 2020 and to reach USD 961.85 million by 2028, growing at a CAGR of 6.4% during the forecast period 2021-2028.
The increasing awareness among people about the need for healthy and non-chemical ingredients is driving the use of lipase enzymes in several industries, including animal feed. The major drivers of the global lipase market are the rise in consumption of processed dairy products and meat and increased awareness of animal health. Moreover, the various health benefits associated with the use of lipase in human bodies are also intended to boost the global lipase market.