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Antifreeze Proteins Market Projected to Garner Significant Revenues by 2026

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Antifreeze Proteins Market Projected to Garner Significant Revenues by 2026

April 26
21:42 2022
Antifreeze Proteins Market Projected to Garner Significant Revenues by 2026
MarketsandMarkets™
The antifreeze proteins market is estimated at USD 4 million in 2020; it is projected to grow at a CAGR of 36.3% to reach USD 27 million by 2026.

The report Antifreeze Proteins Market by Type (Type I, Type III, and Antifreeze glycoproteins), Form (Solid, and Liquid), End-use (Medical, Food and Cosmetics), Source (Fish, Plants, and Insects) & Region – Global Forecast to 2026″, is estimated at USD 4 million in 2020; it is projected to grow at a CAGR of 36.3% to reach USD 27 million by 2026. Antifreeze proteins have key applications in the frozen foods, and thus, their demands are estimated to rise in the near future.

Antifreeze Proteins Market

The proteins are also developed for potential uses in cosmetic products, especially for skincare products that include high fats contents, from degrading. Cosmetics is another potential application sector, especially in the European and Asian markets. Thus, the market for the use of quality antifreeze proteins is expected to rise. The antifreeze proteins market is driven by factors such as increasing freeze tolerance of crop plants and extending the harvest season in cooler climates, improving fish farming production in cooler climates, the importance of extending the shelf life of frozen foods and improving cryosurgery procedures. The introduction of antifreeze proteins in ice creams and yogurts also drives its application in the food industry.

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Opportunity: Emerging markets in developing regions

The rise in living standards and changes in lifestyles in developing countries contribute to the rise in demand for convenience foods, cosmetics, and vaccinations, which indirectly impact the market. Emerging markets such as Brazil, Russia, India, and China are expected to offer significant opportunities for the growth of the market.

By Form, the solid sub-segment is estimated to account for the fastest growth in the market.

The solid segment is projected to grow during the forecast period, owing to factors such as ease of handling, use in frozen food products, cosmetics and medical applications, and easy storability. Ice creams, frozen meat, and skin whitening creams are some of the popular applications where antifreeze proteins are used, mostly in their solid form.

The medical sub-segment is estimated to account for the largest market share in the by end use segment of antifreeze proteins market over the forecast period.

The antifreeze proteins are highly effective against bacteria, viruses, fungi, and protozoa in the body and on the skin, and they also reduce the extent to which infection occurs or treating an existing infection. Cryopreservation is a necessary stage in different biomedicine sectors such as gene therapy, tissue engineering, and tissue preservation screening of drugs. To achieve these aspects, new platforms and reagents with antifreeze as well as compatible osmoprotective properties have been expanded recently for cryopreservation.

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North America is estimated to be the largest market.

In North American region, the demand for reduced-sugar ice creams and frozen dairy desserts is constantly rising. The use of antifreeze proteins helps improve the texture of ice cream products by inhibiting the ice recrystallization and by inhibiting the formation of large ice crystals and naturally can be used for low fat and low sugar frozen desserts. The has strongly established market for food sector and also giant players have their key subsidiaries and headquarters in the region which strengthens the market.

Key players in this market include Nichirei Corporation. (Japan), Kaneka Corporation (Japan), A/F Protein Inc. (US), Sirona Biochem (Canada), Unilever (Netherlands), ProtoKinetix, Inc. (US), Shanghai Yu Tao Industrial Co., Ltd. (China), Kodera Herb Garden Co., Ltd (Japan). These players in this market are focusing on increasing their presence through expansions & acquisitions. These companies have a strong presence in North America, Asia Pacific and Europe. They also have manufacturing facilities along with strong distribution networks across these regions.

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