PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1891506
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1891506
Lipase Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast, 2024-2032
Growth Factors of lipase Market
The global lipase market continues to expand, driven by rising demand across food, nutraceutical, and animal feed industries. In 2024, the market reached USD 606.80 million, supported by the increasing use of enzymes in food processing, dairy transformation, and industrial applications. By 2025, the global lipase market is expected to grow to USD 643.63 million, ultimately reaching USD 985.54 million by 2032, reflecting a steady CAGR of 6.28% from 2025 to 2032. North America dominated in 2024, securing 39.65% of the global market share due to strong pharmaceutical, food processing, and biotechnological advancements.
Lipase enzymes play an essential role in catalyzing triglycerides into fatty acids and glycerol, aiding digestion and metabolic functioning. Commercial lipases are derived from microbial, animal, and plant sources, with microbial lipase holding a major share owing to its high stability, versatility, and low production cost. Lipases are widely used across sectors such as dairy processing, bakery, brewing, detergents, oleochemicals, and textile industries. Their natural and clean-label appeal continues to drive adoption across global food and industrial applications.
The COVID-19 pandemic disrupted manufacturing operations and reduced lipase use in bakery and dairy processing due to temporary shutdowns. However, post-pandemic recovery and the growing shift toward natural enzymes across industries are expected to accelerate market expansion through 2032.
Market Highlights and Growth Drivers
Strong Market Outlook Toward 2032
- 2024 Market Size: USD 606.80 million
- 2025 Market Size: USD 643.63 million
- 2032 Forecast Value: USD 985.54 million
Additionally, the U.S. lipase market is expected to reach USD 314.67 million by 2032, driven by pharmaceutical innovations and food processing advancements, while Japan is projected to reach USD 29.30 million by 2025. China is positioned as a high-growth region, forecasted to record a 7.43% CAGR.
Market Trends
Growing Use of Enzymes in Functional Cosmetics
The rise of functional beauty products has created new avenues for lipase demand. Enzymes are increasingly incorporated into cosmetic formulations for exfoliation, cleansing, and improving product penetration. Immobilized lipases are used in synthesizing active cosmetic compounds, and although their current share is small, the trend of natural, multi-benefit cosmetics is expected to drive future growth.
Key Growth Factors
Expanding Use in Animal Feed
Lipases are increasingly added to animal feed to enhance fat digestion, improve nutrient absorption, reduce feed costs, and decrease ruminant diseases. Manufacturers are introducing specialized feed-based lipase solutions. For example, Biocatalysts Ltd. (U.K.) introduced Lipomod 888MDP, a microbial lipase designed specifically for pet and animal feed applications.
Rising Application in Food Processing
Lipase has become an integral enzyme in multiple food segments including bakery, dairy, confectionery, and beverages. It enhances cheese flavor, shortens ripening time, and improves bakery product texture and shelf life. In the oils and fats industry, lipases support hydrolysis, aiding energy generation and improving product quality. These extensive uses enable the food & beverages segment to reach an expected 75% market share in 2025, solidifying its leading position.
Segmentation Analysis
By Source
- Microbial lipases dominated the market in 2024 due to high stability, easy availability, and low-cost production. This segment is projected to generate USD 556.85 million in 2025.
- Animal-based lipases are growing in developing regions where microbial enzyme infrastructure is still expanding.
By Application
- Food & beverages remain the leading application, accounting for the largest share due to extensive use in dairy, bakery, and brewing industries.
- Animal feed is also growing rapidly as demand for natural, antibiotic-free livestock nutrition increases.
Regional Insights
North America held a significant share of around 40% in 2024, attributed to strong industrial infrastructure and high consumption of convenience foods. Europe ranked second, driven by robust bakery production-Europe accounted for 34% of global bakery sales-and rising vegan trends. Asia Pacific is the fastest-growing region, supported by large-scale feed production, expanding food processing industries, and rising health awareness. South America and the Middle East & Africa are emerging markets with growing enzyme demand in nutraceutical and biofuel applications.
Conclusion
With a strong upward trajectory-from USD 606.80 million in 2024 to USD 643.63 million in 2025, and rising sharply to USD 985.54 million by 2032-the global lipase market is set for sustained growth. Increasing application across food, feed, cosmetics, and industrial processes positions lipase as a key enzyme driving innovation across multiple industries.
Segmentation By Source
- Microbial
- Animal
By Application
- Food & Beverage
- Bakery
- Dairy
- Confectionery
- Beverages
- Others
- Nutraceuticals
- Animal Feed
- Others
By Region
- North America (By Source, Application, and Country)
- U.S. (By Source)
- Canada (By Source)
- Mexico (By Source)
- Europe (By Source, Application, and Country)
- Germany (By Source)
- U.K. (By Source)
- Spain (By Source)
- Italy (By Source)
- France (By Source)
- Rest of Europe (By Source)
- Asia Pacific (By Source, Application, and Country)
- China (By Source)
- India (By Source)
- Japan (By Source)
- Australia (By Source)
- Rest of Asia Pacific (By Source)
- South America (By Source, Application, and Country)
- Brazil (By Source)
- Argentina (By Source)
- Rest of South America (By Source)
- Middle East & Africa (By Source, Application, and Country)
- South Africa (By Source)
- UAE (By Source)
- Rest of the Middle East & Africa (By Source)
Table of Content
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
4. Key Insights
- 4.1. Market Overview of Related/Parent Market
- 4.2. Supply Chain
- 4.3. Regulatory Analysis
- 4.4. Industry SWOT Analysis
- 4.5. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.6. Market Analysis and Insights (in Relation with COVID-19)
5. Global Lipase Market Analysis, Insights and Forecast, 2024-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Source (Value)
- 5.2.1.1. Microbial
- 5.2.1.2. Animal
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverage
- 5.2.2.2. Nutraceuticals
- 5.2.2.3. Animal Feed
- 5.2.2.4. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East and Africa
- 5.2.1. By Source (Value)
6. North America Lipase Market Analysis, Insights and Forecast, 2024-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Source (Value)
- 6.2.1.1. Microbial
- 6.2.1.2. Animal
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverage
- 6.2.2.2. Nutraceuticals
- 6.2.2.3. Animal Feed
- 6.2.2.4. Others
- 6.2.3. By Country
- 6.2.3.1. U.S. (By Source)
- 6.2.3.1.1. Microbial
- 6.2.3.1.2. Animal
- 6.2.3.2. Canada (By Source)
- 6.2.3.2.1. Microbial
- 6.2.3.2.2. Animal
- 6.2.3.3. Mexico (By Source)
- 6.2.3.3.1. Microbial
- 6.2.3.3.2. Animal
- 6.2.3.1. U.S. (By Source)
- 6.2.1. By Source (Value)
7. Europe Lipase Market Analysis, Insights and Forecast, 2024-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Source (Value)
- 7.2.1.1. Microbial
- 7.2.1.2. Animal
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverage
- 7.2.2.2. Nutraceuticals
- 7.2.2.3. Animal Feed
- 7.2.2.4. Others
- 7.2.3. By Country
- 7.2.3.1. Germany (By Source)
- 7.2.3.1.1. Microbial
- 7.2.3.1.2. Animal
- 7.2.3.2. U.K. (By Source)
- 7.2.3.2.1. Microbial
- 7.2.3.2.2. Animal
- 7.2.3.3. France (By Source)
- 7.2.3.3.1. Microbial
- 7.2.3.3.2. Animal
- 7.2.3.4. Spain (By Source)
- 7.2.3.4.1. Microbial
- 7.2.3.4.2. Animal
- 7.2.3.5. Italy (By Source)
- 7.2.3.5.1. Microbial
- 7.2.3.5.2. Animal
- 7.2.3.6. Rest of Europe (By Source)
- 7.2.3.6.1. Microbial
- 7.2.3.6.2. Animal
- 7.2.3.1. Germany (By Source)
- 7.2.1. By Source (Value)
8. Asia Pacific Lipase Market Analysis, Insights and Forecast, 2024-2032
- 8.1. Key Findings / Summary
- 8.1.1. By Source (Value)
- 8.1.1.1. Microbial
- 8.1.1.2. Animal
- 8.1.2. By Application (Value)
- 8.1.2.1. Food & Beverage
- 8.1.2.2. Nutraceuticals
- 8.1.2.3. Animal Feed
- 8.1.2.4. Others
- 8.1.3. By Country
- 8.1.3.1. China (By Source)
- 8.1.3.1.1. Microbial
- 8.1.3.1.2. Animal
- 8.1.3.2. India (By Source)
- 8.1.3.2.1. Microbial
- 8.1.3.2.2. Animal
- 8.1.3.3. Japan (By Source)
- 8.1.3.3.1. Microbial
- 8.1.3.3.2. Animal
- 8.1.3.4. Australia (By Source)
- 8.1.3.4.1. Microbial
- 8.1.3.4.2. Animal
- 8.1.3.5. Rest of Asia Pacific (By Source)
- 8.1.3.5.1. Microbial
- 8.1.3.5.2. Animal
- 8.1.3.1. China (By Source)
- 8.1.1. By Source (Value)
9. South America Lipase Market Analysis, Insights and Forecast, 2024-2032
- 9.1. Key Findings / Summary
- 9.1.1. By Source (Value)
- 9.1.1.1. Microbial
- 9.1.1.2. Animal
- 9.1.2. By Application (Value)
- 9.1.2.1. Food & Beverage
- 9.1.2.2. Nutraceuticals
- 9.1.2.3. Animal Feed
- 9.1.2.4. Others
- 9.1.3. By Country
- 9.1.3.1. Brazil (By Source)
- 9.1.3.1.1. Microbial
- 9.1.3.1.2. Animal
- 9.1.3.2. Argentina (By Source)
- 9.1.3.2.1. Microbial
- 9.1.3.2.2. Animal
- 9.1.3.3. Rest of South America (By Source)
- 9.1.3.3.1. Microbial
- 9.1.3.3.2. Animal
- 9.1.3.1. Brazil (By Source)
- 9.1.1. By Source (Value)
10. Middle East and Africa Lipase Market Analysis, Insights and Forecast, 2024-2032
- 10.1. Key Findings / Summary
- 10.1.1. By Source (Value)
- 10.1.1.1. Microbial
- 10.1.1.2. Animal
- 10.1.2. By Application (Value)
- 10.1.2.1. Food & Beverage
- 10.1.2.2. Nutraceuticals
- 10.1.2.3. Animal Feed
- 10.1.2.4. Others
- 10.1.3. By Country
- 10.1.3.1. South Africa (By Source)
- 10.1.3.1.1. Microbial
- 10.1.3.1.2. Animal
- 10.1.3.2. UAE (By Source)
- 10.1.3.2.1. Microbial
- 10.1.3.2.2. Animal
- 10.1.3.3. Rest of MEA (By Source)
- 10.1.3.3.1. Microbial
- 10.1.3.3.2. Animal
- 10.1.3.1. South Africa (By Source)
- 10.1.1. By Source (Value)
11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Lipase Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2024
12. Company Profiles
- 12.1. Novozymes
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Financials (Data as available in public domain and/or on paid databases)
- 12.1.4. Recent Developments
- 12.2. Novonesis
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Financials (Data as available in public domain and/or on paid databases)
- 12.2.4. Recent Developments
- 12.3. Amano Enzyme Inc.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Financials (Data as available in public domain and/or on paid databases)
- 12.3.4. Recent Developments
- 12.4. Koninklijike Royal DSM
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Financials (Data as available in public domain and/or on paid databases)
- 12.4.4. Recent Developments
- 12.5. Creative Enzymes
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Financials (Data as available in public domain and/or on paid databases)
- 12.5.4. Recent Developments
- 12.6. A.B. Enzymes
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Financials (Data as available in public domain and/or on paid databases)
- 12.6.4. Recent Developments
- 12.7. Enzyme Development Corporation
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Financials (Data as available in public domain and/or on paid databases)
- 12.7.4. Recent Developments
- 12.8. International Flavors & Fragrances
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Financials (Data as available in public domain and/or on paid databases)
- 12.8.4. Recent Developments
- 12.9. Biocatalysts
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Financials (Data as available in public domain and/or on paid databases)
- 12.9.4. Recent Developments
- 12.10. Augmene Biosciences
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Financials (Data as available in public domain and/or on paid databases)
- 12.10.4. Recent Developments
13. Strategic Recommendations
14. Appendix
List of Tables
- Table 1: Global Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 2: Global Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 3: Global Lipase Market (USD Mn) Forecast, By Region, 2019-2032
- Table 4: North America Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 5: North America Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 6: North America Lipase Market (USD Mn) Forecast, By Country, 2019-2032
- Table 7: U.S. Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 8: Canada Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 9: Mexico Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 10: Europe Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 11: Europe Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 12: Europe Lipase Market (USD Mn) Forecast, By Country, 2019-2032
- Table 13: Germany Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 14: U.K. Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 15: France Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 16: Spain Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 17: Italy Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 18: Rest of Europe Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 19: Asia Pacific Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 20: Asia Pacific Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 21: Asia Pacific Lipase Market (USD Mn) Forecast, By Country, 2019-2032
- Table 22: China Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 23: India Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 24: Japan Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 25: Australia Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 26: Rest of APAC Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 27: South America Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 28: South America Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 29: South America Lipase Market (USD Mn) Forecast, By Country, 2019-2032
- Table 30: Brazil Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 31: Argentina Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 32: Rest of South America Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 33: Middle East & Africa Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 34: Middle East & Africa Lipase Market, (USD Mn) Forecast, By Application, 2019-2032
- Table 35: Middle East & Africa Lipase Market (USD Mn) Forecast, By Country, 2019-2032
- Table 36: South Africa Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 37: UAE Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
- Table 38: Rest of MEA Lipase Market, (USD Mn) Forecast, By Source, 2019-2032
List of Figures
- Figure 1: Global Lipase Market Revenue Breakdown (USD Mn) By Source, 2024 & 2032
- Figure 2: Global Lipase Market Revenue Breakdown (USD Mn) By Application, 2024 & 2032
- Figure 3: Global Lipase Market Revenue Breakdown (USD Mn) By Region, 2024 & 2032
- Figure 4: Global Lipase Market Share (%) Breakdown By Source, 2024 & 2032
- Figure 5: Global Lipase Market Revenue Breakdown (%) By Application, 2024 & 2032
- Figure 6: Global Lipase Market Share (%) By Region, 2024 & 2032
- Figure 7: North America Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 8: North America Lipase Market Value Share (%) By Source, 2024
- Figure 9: North America Lipase Market Value (USD Mn) By Application, 2024 & 2032
- Figure 10: North America Lipase Market Value Share (%) By Application, 2024
- Figure 11: North America Lipase Market Value (USD Mn) By Country, 2024 & 2032
- Figure 12: North America Lipase Value Share (%) By Country, 2024
- Figure 13: U.S. Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 14: U.S. Lipase Market Value Share (%) By Source, 2024
- Figure 15: Canada Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 16: Canada Lipase Market Value Share (%) By Source, 2024
- Figure 17: Mexico Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 18: Mexico Lipase Market Value Share (%) By Source, 2024
- Figure 19: Europe Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 20: Europe Lipase Market Value Share (%) By Source, 2024
- Figure 21: Europe Lipase Market Value (USD Mn) By Application, 2024 & 2032
- Figure 22: Europe Lipase Market Value Share (%) By Application, 2024
- Figure 23: Europe Lipase Market Value (USD Mn) By Country, 2024 & 2032
- Figure 24: Europe Lipase Value Share (%) By Country, 2024
- Figure 25: Germany Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 26: Germany Lipase Market Value Share (%) By Source, 2024
- Figure 27: U.K. Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 28: U.K. Lipase Market Value Share (%) By Source, 2024
- Figure 29: France Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 30: France Lipase Market Value Share (%) By Source, 2024
- Figure 31: Spain Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 32: Spain Lipase Market Value Share (%) By Source, 2024
- Figure 33: Italy Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 34: Italy Lipase Market Value Share (%) By Source, 2024
- Figure 35: Rest of Europe Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 36: Rest of Europe Lipase Market Value Share (%) By Source, 2024
- Figure 37: Asia Pacific Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 38: Asia Pacific Lipase Market Value Share (%) By Source, 2024
- Figure 39: Asia Pacific Lipase Market Value (USD Mn) By Application, 2024 & 2032
- Figure 40: Asia Pacific Lipase Market Value Share (%) By Application, 2024
- Figure 41: Asia Pacific Lipase Market Value (USD Mn) By Country, 2024 & 2032
- Figure 42: Asia Pacific Lipase Value Share (%) By Country, 2024
- Figure 43: China Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 44: China Lipase Market Value Share (%) By Source, 2024
- Figure 45: India Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 46: India Lipase Market Value Share (%) By Source, 2024
- Figure 47: Japan Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 48: Japan Lipase Market Value Share (%) By Source, 2024
- Figure 49: Australia Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 50: Australia Lipase Market Value Share (%) By Source, 2024
- Figure 51: Rest of APAC Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 52: Rest of APAC Lipase Market Value Share (%) By Source, 2024
- Figure 53: South America Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 54: South America Lipase Market Value Share (%) By Source, 2024
- Figure 55: South America Lipase Market Value (USD Mn) By Application, 2024 & 2032
- Figure 56: South America Lipase Market Value Share (%) By Application, 2024
- Figure 57: South America Lipase Market Value (USD Mn) By Country, 2024 & 2032
- Figure 58: South America Lipase Value Share (%) By Country, 2024
- Figure 59: Brazil Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 60: Brazil Lipase Market Value Share (%) By Source, 2024
- Figure 61: Argentina Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 62: Argentina Lipase Market Value Share (%) By Source, 2024
- Figure 63: Rest of South America Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 64: Rest of South America Lipase Market Value Share (%) By Source, 2024
- Figure 65: Middle East & Africa Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 66: Middle East & Africa Lipase Market Value Share (%) By Source, 2024
- Figure 67: Middle East & Africa Lipase Market Value (USD Mn) By Application, 2024 & 2032
- Figure 68: Middle East & Africa Lipase Market Value Share (%) By Application, 2024
- Figure 69: Middle East & Africa Lipase Market Value (USD Mn) By Country, 2024 & 2032
- Figure 70: Middle East & Africa Lipase Value Share (%) By Country, 2024
- Figure 71: South Africa Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 72: South Africa Lipase Market Value Share (%) By Source, 2024
- Figure 73: UAE Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 74: UAE Lipase Market Value Share (%) By Source, 2024
- Figure 75: Rest of MEA Lipase Market Value (USD Mn) By Source, 2024 & 2032
- Figure 76: Rest of MEA Lipase Market Value Share (%) By Source, 2024
- Figure 77: Global Lipase Market Ranking Analysis (%), By Key Players, 2024
