Antifreeze Protein Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2030
Antifreeze Protein Market Growth & Trends
The global antifreeze protein market size is expected to reach USD 34.9 million by 2028, registering a CAGR of 27.5% during the forecast period from 2022 to 2028, according to a new report by Grand View Research, Inc. The growing application of antifreeze proteins in frozen foods is propelling the industry demand. Moreover, the growing pharmaceutical and food sector in the Asia Pacific region and rising imports from North America and Europe are further projected to provide significant growth opportunities to the market in the near future.
Increasing changes in living standards in developing countries power the rise in demand for cosmetics, food products, and vaccinations, which in turn are expected to influence the market. Emerging economies such as Brazil, China, and India are estimated to offer substantial opportunities for market growth.
The COVID 19 pandemic impacted the globe, owing to the several variants of the coronavirus. The supply chain of the aquaculture market had been slightly hampered due to lockdowns implemented by several countries across the world. The distribution channels such as offline and online trading were hindered during the COVID era owing to the threat of the delta plus corona variant.
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The medical end-use segment contributed the highest revenue share of more than 79.0% in the global market in 2021. This can be credited to rising R&D from biotechnology and pharmaceutical companies, plus enduring global research for COVID 19 vaccinations.
Asia Pacific holds the dominant industry share owing to the majority of marine capture and aquaculture production being done across the region. Growing demand for antifreeze proteins from the medicine and cosmetic industry of this region drives the market growth. In addition, the presence of world leading vaccine manufacturers is also adding to the market growth, as antifreeze proteins have wide applications in vaccine manufacturing.
Antifreeze Protein Market Report Highlights
North America is expected to register the fastest growth of 28.5% CAGR from 2022 to 2028, owing to the rising application of antifreeze proteins in the medicine and food sectors
The solid form segment contributed the highest revenue share of more than 95.0% in the global market during 2021, due to rising application in frozen foods and ice creams
Asia Pacific dominated the global market by contributing more than 35.0% revenue share during 2021, due to the rising production of marine fish as well as usage of antifreeze proteins in cosmetics manufacturing in developing countries such as India
The medical end use segment held the largest share in 2021 and contributed more than 79.0% of the total revenue, due to the development and research of antifreeze proteins in medical applications such as cryosurgeries
Antifreeze Protein Market Segmentation
GrandViewResearchhassegmentedtheglobalantifreezeproteinmarketbasedonthe form,type,end use,source,andregion:
Antifreeze Protein Form Outlook (Revenue, USD Million, 2017 - 2028)
Solid
Liquid
Antifreeze Protein Type Outlook (Revenue, USD Million, 2017 - 2028)
Type
I
AntifreezeGlycoproteins
Others
Antifreeze Protein End use Outlook (Revenue, USD Million, 2017 2028)
Medical
Food
Cosmetics
Others
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Antifreeze Protein Source Outlook (Revenue, USD Million, 2017 2028)
Fish
Others
Antifreeze Protein Regional Outlook (Revenue, USD Million, 2017 2028)
NorthAmerica
o U.S.
Europe
Norway
Spain
Denmark
AsiaPacific
China
Japan
Central&SouthAmerica
Peru
MiddleEast&Africa
Morocco
List of Key Players in the Antifreeze Protein Market
Unilever
KanekaCorporation
TypeIII
o
o
o
o
o
o
o
NichireiCorporation.
A/FProteinInc.
SironaBiochem
ProtoKinetix,Inc.
ShanghaiYuTaoIndustrialCo.,Ltd.
KoderaHerbGardenCo.,Ltd
BeijingHuachengJinkeTechnologyCo.,Ltd.
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