Leading Antifreeze Proteins End-Use Markets Databank
The Antifreeze Proteins market was valued at $3,867.5 Million in 2020, and is projected to reach $64,268.2 Million by 2029 growing at a CAGR of 36.78% from 2021 to 2029. Medical segment is expected to be the highest contributor to this market, with $1,371.2 Million in 2020, and is anticipated to reach $21,157.5 Million by 2029, registering a CAGR of 35.65%. Food segment is anticipated to reach $13,479.9 Million by 2029 with the highest CAGR of 38.67%. Medical and Cosmetics segments collectively expected to account for about 62.2% share of the Antifreeze Proteins market in 2020, with the former constituting around 35.5% share. Food and Cosmetics segments are expected to witness significant growth rates at a CAGR of 38.67% and 37.94% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 45.3% in the overall Antifreeze Proteins market in 2020, and is anticipated to reach 49.8% by 2029.
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