The Antifreeze Proteins Market is expected to reach USD 37 million by 2027, growing at a CAGR of 36.6% over the forecast period (2020-2027).
The factors driving the growth of Antifreeze Proteins Market includes rising awareness amongst consumers about the benefits of antifreeze proteins, increasing use of antifreeze proteins in cakes, ice cream and yogurts and growing prevalence of chronic diseases such as cancer. Moreover, rise in the launch of innovative products, growing demand for nutritional food, increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, improvement in cryosurgery procedures, increasing application of antifreeze proteins in the pharmaceutical industry, rising investments by leading companies on research and development and growing population growth rates, are further contributing towards the market growth.
However, growth of the Antifreeze Proteins Market is hindered due to high production cost of antifreeze proteins.
The leading players operating in the Antifreeze Proteins Market are Unilever, Sirona Biochem., ProtoKinetix, Inc., NICHIREI CORPORATION, A/F Protein Inc., KANEKA CORPORATION, Shanghai Yu Tao Industrial Co. Ltd., kodera herb garden co., ltd., AquaBounty Technologies Inc., and Rishon Biochem Co. Ltd., among others
Based on Type, the Type I segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of type I antifreeze proteins in medical and cosmetic industries, is pushing growth of the segment.
Based on Form, the Solid segment is projected to grow at a remarkable CAGR over the forecast period
Increasing use of solid antifreeze proteins in frozen meat skin whitening creams, and ice creams, is propelling growth of the segment.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Advancements in biotechnology, rapid growth in the aquaculture industry, increasing consumption of ice creams and yogurts, growing prevalence of cancer, rising population growth rates, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Type
- Type I
- Type II
- Type III
- Others
Segmentation by Form
- Solid
- Liquid
Segmentation by End-Use
- Medical
- Cosmetics
- Food
- Others
Segmentation by Source
- Fish
- Plants
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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