Antifreeze Proteins Market Forecasts to 2028 – Global Analysis By Type (Antifreeze Glycoproteins, Non-Glycoproteins, Yeast Source AFP), Form (Solid, Liquid), End User (Medical, Cosmetics, Healthcare) and By Geography
According to Stratistics MRC, the Global Antifreeze Proteins Market is accounted for $4.00 million in 2020 and is expected to reach $42.33 million by 2028 growing at a CAGR of 34.3% during the forecast period. The advancements in technology to enhance fish farming in cooler climates and increase awareness of benefits associated with antifreeze proteins are driving the market growth. However, market consolidation limits free entry for new players is hampering the growth of the market.
Antifreeze proteins are also called ice structuring proteins. These are a type of polypeptides. Antifreeze proteins are created from insects, fish, bacteria, fungi, and specific plants which let its’ survival in, particularly cold environments. To prevent food damages, antifreeze proteins are significantly used in the frozen food & beverages industry.
Based on the form, the solid segment is going to have lucrative growth during the forecast period, owing to factors such as use in frozen food products, ease of handling, easy storability cosmetics, and medical applications. Frozen meat, Ice creams, and skin whitening creams are a few of the popular applications where antifreeze proteins are used, typically in their solid form.
By geography, North America is going to have high growth during the forecast period. Due to increasing research on identifying new areas of applications, also numerous research institutes supporting biotechnology and life sciences which in turn motivates the growth of the market.
Some of the key players profiled in the Antifreeze Proteins Market include Nichirei Corporation, A/F Protein Inc., Kaneka Corporation, Unilever, Sirona Biochem, ProtoKinetix Inc, Shanghai Yu Tao Industrial Co. Ltd., Kodera Herb Garden Co. Ltd, Beijing Huacheng Jinke Technology Co. Ltd, Rishon Biochem Co. Ltd, MyBioSource Inc and Aqua Bounty Technologies, Inc.
Estimated Market Size in 2020:
USD 4.00 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 42.33 million
Tables, Graphs& Figures
Type, Form, Source, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Antifreeze Glycoproteins
• Kaiware Daikon Source AFP
• Yeast Source AFP
• Other Types
End Users Covered:
• Food & Beverages
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Antifreeze Proteins Market is majorly driven by the advancements in technology to enhance fish farming in cooler climates and increase awareness of benefits associated with antifreeze proteins.
The solid segment is growing at a highest CAGR owing to factors such as use frozen meat, ice creams, and skin whitening creams are a few of the popular applications where antifreeze proteins are used, typically in their solid form.
Europe dominated with a significant market share due to the factors such as presence of numerous state-of-the-art research centres constantly trying to come up with enhanced extraction methods in the countries in the region.
North America market is growing at a highest CAGR due to increasing research on identifying new areas of applications, also numerous research institutes supporting biotechnology in the region.
Key players in Antifreeze Proteins Market include Nichirei Corporation, A/F Protein Inc., Kaneka Corporation, Unilever, SironaBiochem, ProtoKinetixInc, Shanghai Yu Tao Industrial Co. Ltd., Kodera Herb Garden Co. Ltd, Beijing HuachengJinke Technology Co. Ltd, RishonBiochem Co. Ltd, MyBioSourceInc and Aqua Bounty Technologies, Inc.
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