Antifreeze Proteins Market Forecasts to 2028 – Global Analysis By Type (Type1, Type 2, Type 3, Antifreeze Glycoprotein and Other Types), Form (Solid, Liquid and Other Forms), Source, Application, End User and By Geography

Antifreeze Proteins Market Forecasts to 2028 – Global Analysis By Type (Type1, Type 2, Type 3, Antifreeze Glycoprotein and Other Types), Form (Solid, Liquid and Other Forms), Source, Application, End User and By Geography

According to Stratistics MRC, the Global Antifreeze Proteins Market is accounted for $6.9 billion in 2022 and is expected to reach $50.6 billion by 2028 growing at a CAGR of 39.3% during the forecast period. Antifreeze proteins are produced from specific fish, plants, insects and bacteria that generally survive in extremely cold environments. They are widely utilised in the frozen food and beverage sector to guard against food deterioration. They have a variety of medicinal uses, such as in cryosurgery, cell cryo preservation, organ transplantation, and hypothermia therapy. These substances are able to attach to ice through the process of absorption, which can halt the formation of ice crystals.

According to the National Cancer Institute, approximately 1,735,350 new diagnosis of cancer will occur in the U.S and an estimated 609,640 people will die from the disease.

Market Dynamics:

Driver:

Usage in multiple sectors

Antifreeze proteins can be applied in cosmetics, healthcare, food industries, dairy products, confectionary industries, fruit and vegetables, medical field and so on. It has the ability to create uniform texture in goods like frozen fish, meat, dough and ice cream. They are utilized in medical procedures such as organ transplantation and cryosurgery. It helps to preserve organs for longer duration. The numerous applications of antifreeze proteins are propelling the growth of the market.

Restraint:

R&D expenditure

One of the biggest direct costs companies face while producing any product is R&D expenditures. It covers the price of labour, consumables, research and power & utilities. The technique of extracting antifreeze proteins from fish is difficult and expensive in terms of R&D. All these factors are hindering the growth of the market.

Opportunity:

Emerging markets in developing regions

Growing demand for convenience meals, cosmetics, and immunisations has an indirect influence on the industry due to rising living standards and changes in lifestyle in emerging nations. The industry is seeing tremendous prospects in developing nations including China, India, Brazil, and Russia. They are offering huge opportunities which are fuelling the market growth.

Threat:

Limited use in food applications

The food sector only has a few number of commercial uses for antifreeze proteins, which restricts the market's potential growth. Most businesses are currently in the research and development stage as they look at potential uses for antifreeze proteins in the food industry. As food sector is the largest industry but due to its limited usage it is hampering the growth of the market.

Covid-19 Impact

The covid pandemic negatively impacted the financial status of business across all sectors around the globe. It affected the entire supply chain due to strict lockdown in several regions. Antifreeze proteins are used to maintain the structural stability of vaccines stored under subzero temperature conditions. Its market in medical sector only got profited whereas other industries such as food, cosmetics, dairy and others were severely affected.

The solid segment is expected to be the largest during the forecast period

The solid segment is estimated to have a lucrative growth, due to its easy handling. Frozen food items, cosmetics, and medications are among the applications that are simple to store and manage. Antifreeze proteins are used in items like ice cream, frozen meat, and skin creams while they are in their solid state. These elements are fueling the segment's expansion.

The insects segment is expected to have the highest CAGR during the forecast period

The insects segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its efficiency. The antifreeze proteins are 10 times more effective on insects compared to other products such as fish or plants. None of the insect antifreeze proteins are homologous which is driving the segments growth.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to its various national research institutes. They assist biotechnology and life sciences research. This region has numerous medical and cosmetics industries. The rising demand for anti-aging goods and cryosurgeries in this region is boosting the demand of antifreeze proteins market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the growing awareness. The government of this region is financing for proteomics and life sciences research which therefore increased investments in research and development. This region has large consumer base, the rising consumption of frozen food is expected to fuel the market growth.

Key players in the market

Some of the key players profiled in the Antifreeze Proteins Market include Kaneka Corporation, Kodera Herb Garden Co, Rishon Biochem Co Ltd, ProtoKinetix Inc, Aqua Bounty Technologies Inc, Shanghai Yu Tao Industrial Co Ltd, Sirona Biochem Corporation, Unilever PLC, MyBiosource Inc, Nichirei Corporation, Beijing Huacheng Jinke Technology Co Ltd and A/F Protein Inc

Key Developments:

In November 2021, ProtoKinetix, announced that it has selected two formulations of its Anti-Aging Glycopeptide (AAGP®) product to be advanced into preclinical efficacy testing for the topical treatment of dry eye disease and ocular inflammation.

In January 2021, Unilever launched around 25 new products ranging from packaged ice cream to frozen novelty brands, including Breyers®, Good Humor®, Klondike®, Magnum ice cream®, Popsicle® and Talenti® Gelato & Sorbetto.

Types Covered:
• Type1
• Type 2
• Type 3
• Antifreeze Glycoprotein
• Other Types

Forms Covered:
• Solid
• Liquid
• Other Forms

Sources Covered:
• Fish
• Plants
• Insects
• Fungi
• Bacteria
• Animals
• Algae
• Yeast
• Arthropods
• Other Sources

Applications Covered:
• Medical
• Food
• Cosmetics
• Other Applications

End Users Covered:
• Food & Beverages Industries
• Pharmaceutical Companies
• Cosmetic Industries
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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 2020, 2021, 2022, 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