Global Antifreeze Proteins Market Size By Form (Solid, Liquid), By Type (Type I, Type III), By Source (Fish, Plants), By End-Use (Medical, Food, Cosmetics), By Geographic Scope And Forecast

Antifreeze Proteins Market Size And Forecast

Antifreeze Proteins Market size was valued at USD 6.12 Billion in 2022 and is projected to reach USD 29.19 Billion by 2030, growing at a CAGR of 18.64% from 2023 to 2030.

Growing medical experiments, the application of antifreeze proteins in the pharmaceuticals sector, and increased demand for frozen meals are factors that are expected to drive market growth during the forecast period. The increasing use of developed proteins in skincare products such as anti-aging creams and the rising need for healthy food and beverages containing protein components are some of the other key factors driving the growth of the market. The Global Antifreeze Proteins Market report provides a holistic evaluation of the market. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market.

Global Antifreeze Proteins Market Definition

Antifreeze proteins, also known as ice structuring proteins, are polypeptides generated by bacteria, fungi, plants, and fish as a natural survival reaction to freezing temperatures. These proteins bind to tiny ice crystals to prevent ice growth and recrystallization that damage the cell. Extremophiles are organisms that carry antifreeze proteins and can thrive in harsh environments. Antifreeze proteins are complex proteins with a sugar group added to provide a charge. These proteins are categorized into three types based on their structural characteristicstype I, II, and III.

According to several studies AFPs interact with mammalian cell membranes to protect them from damage from cold. Antifreeze proteins are produced by specific plants, fish, insects, bacteria, and fungi, allowing them to survive in subzero temperatures. Antifreeze proteins are widely used in the frozen food and beverage industries to prevent food damage. Antifreeze proteins are used to keep the foods frozen and maintain the texture of food.

Global Antifreeze Proteins Market Overview

Improving aquaculture practices in cold regions, refining the freeze tolerance and growth of plants, extending the harvest season in cold climates, and improving cryosurgery procedures are key factors anticipated to drive market growth. Furthermore, the increasing use of antifreeze proteins in yogurts and ice creams is fueling market growth in the upcoming years. Increased investment by key firms in the food sector to launch new frozen goods is likely to enhance market growth further.

Furthermore, increasing R&D expenditure and rising demand for proteins from various end-use sectors are expected to drive the demand for antifreeze proteins. The increased prevalence of chronic and acute diseases among the population due to changing lifestyles is anticipated to increase demand for the treatment of diseases, thereby driving market growth. The advancement of molecular biology research has enhanced its application in operations such as cryosurgery, immunization, transplantation, and hypothermia.

The increased demand for frozen food items due to their high convenience in today’s fast-paced lifestyle is projected to drive market expansion. However, expensive manufacturing and R&D costs, combined with the barrier to entry of new players by the Antifreeze Proteins Market Association, are key factors expected to restrain the market’s growth. R&D expenses are one of the key direct costs businesses face while producing any product. This comprises research, labor, electricity and utilities, consumables, and other costs. Extracting an antifreeze protein from fish is a complicated procedure requiring significant R&D effort.

Global Antifreeze Proteins Market Segmentation Analysis

The Global Antifreeze Proteins Market is segmented on the basis of Form, Type, Source, End-Use, And Geography.

Antifreeze Proteins Market, By Form

• Solid
• Liquid

Based on Form, the market is segmented into Solid and Liquid. The solid segment accounted for the largest market share in 2022 due to the ease of availability from the source of origin. Solid proteins have applications in the food industry, including frozen foods, ice cream, frozen fish, and meats. Furthermore, the solid form has a longer shelf life than the liquid version, making it more suitable for frozen food applications. The liquid form segment, on the other hand, is expected to witness lucrative growth during the forecast period due to rising demand in the food and pharmaceutical sectors.

Antifreeze Proteins Market, By Type

• Type I
• Type III
• Antifreeze Glycoprotein
• Others

Based on Type, the market is segmented into Type I, Type III, Antifreeze Glycoproteins, and Others. The Type I segment accounted for the largest market share in 2022. The Type I proteins are available in large quantities as they are extracted on a large scale from fish which is a critical factor driving the segment growth. Additionally, the proteins are identified in large quantities for research purposes. The antifreeze glycoprotein segment is expected to grow lucratively during the forecast period. The growing popularity of glycoprotein food items for their various health benefits is expected to drive market growth. Furthermore, the launch of various organic-based food and cosmetic goods by corporations is likely to boost demand during the projection period.

Antifreeze Proteins Market, By Source

• Fish
• Plants
• Insects
• Others

Based on Source, the market is segmented into Fish, Plants, Insects, and Others. The Fish segment accounted for the largest market share in 2022; easy availability and simplicity of the extraction procedure of antifreeze proteins from fish are the factors driving the market’s growth. Additionally, fish proteins have 300 times more efficient than other chemical anti-freezing agents this is expected to drive the adoption of fish proteins further. The insect segment is anticipated to witness lucrative growth due to the ability of the proteins to withstand more earthly temperatures than the fish proteins.

Antifreeze Proteins Market, By End-Use

• Medical
• Food
• Cosmetics
• Others

Based on End-Use, the market is segmented into Medical, Food, Cosmetics, and Others. The medical segment held the highest share of the market in 2022. factors such as extensive research undertaken by biotechnology and pharmaceutical companies are driving the growth of the segment. The proteins are also used as cryoprotectants to preserve human tissues and cells. The cosmetics segment is anticipated to grow lucratively due to the increasing applications of antifreeze proteins in the cosmetic sector in European and Asian countries is anticipated to drive the segment in the forthcoming years.

Antifreeze Proteins Market, By Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Based on Regional Analysis, the Global Antifreeze Proteins Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific accounted for the largest share in 2022; this can be attributed to the majority of marine catch and aquaculture production that occurs in the region. Additionally, the growing demand for antifreeze proteins from the pharmaceutical and cosmetic industries is propelling the segment’s growth. The wide applications of the antifreeze proteins in vaccine manufacturing are expected to further drive segment growth. The growing consumption of sashimi-smoked items in China is fueling the market expansion.

Key Players

The “Global Antifreeze Proteins Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Unilever, Kaneka Corporation, Nichirei Corporation, A/F Protein Inc., Sirona Biochem, ProtoKinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., Kodera Herb Garden Co., Ltd, Beijing Huacheng Jinke Technology Co., Ltd., among others. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In September 30, 2021, Nichirei Corporation announced it had acquired Norish (N.I.) Limited, this acquisition will help the company to expand the temperature-controlled logistics business in the United Kingdom through the subsidiary Norish Limited, which operates six refrigerated warehouses in inland and port areas and provides storage and related value-added services, including blast freezing.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Antifreeze Proteins Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Antifreeze Proteins Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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