The global antifreeze protein market size was valued at USD 3.98 million in 2020 and is expected to grow at a CAGR of 36.2% during the forecast period. Antifreeze protein is found in organisms such as fish, insects, and plants to survive at sub-zero temperatures. It decreases the freezing point of water and prevents the growth of ice crystals in a frozen stage.
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Antifreeze protein is used in food technology, cryopreservation, and metabolic, genetic engineering. The demand for antifreeze proteins from healthcare has increased owing to greater use in organ transplants and cryosurgeries.
The increasing consumption of convenience and frozen food products due to increasing disposable income and changing lifestyles has supported the market's growth. The rising application of antifreeze protein in products such as ice cream, dairy, frozen meat, confectionery, and fruits & vegetables for enhancing the quality and increasing the shelf life of products has increased the demand for antifreeze protein.
There has been an increase in growth registered in the cosmetics and healthcare sectors. Antifreeze protein is being used in the healthcare industry for vaccinations, organ transplants, and cryosurgeries. Advancements in genetic engineering and investments in research and development are factors expected to increase applications of antifreeze protein in the future.
Antifreeze protein is used in the food sector to enhance food products' quality and maintain texture by preventing crystallization during refreezing and storage. It is utilized to address the fluctuation of temperature during freezing. The antifreeze protein improves shelf life by improving water holding capacity.
Another application of antifreeze protein gaining popularity is cosmetics. Antifreeze proteins are added to cosmetic products to preventing quality degradation. Lifestyle changes of consumers, growing awareness regarding skincare, and increasing inclination towards the use of natural ingredients support the growth.
The demand for antifreeze protein has increased during the pandemic owing to its use in cryopreservation. The growing need to store and deliver drugs for critically ill patients during the pandemic supports the market growth. The development of COVID-19 vaccines and significant investments in research & development has a positive effect on the market.
Growing need from the healthcare sector, strengthening the pharmaceutical industry during the pandemic, and technological advancements would offer growth opportunities. The market is expected to grow post-COVID-19 and attract investments to increase applications of an antifreeze protein.
The market is primarily segmented on the basis of form, source, end-use, and region.
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The form segment has been divided into liquid and solid. The solid segment accounted for a significant share of the global market. Several benefits associated with solid form include ease of use & handling, efficient storage, and stability. The increasing use of this form in the cosmetics, healthcare, and pharmaceutical sectors has boosted the growth of this segment.
On the basis of source, the market is segmented into plants, fish, insects, and others. There has been a high demand for the product obtained from insects. Insects exhibit a higher ability to depress the freezing point as compared to other sources. The major factors driving the growth of this segment include growing commercial application, technological advancements, and higher effectiveness of antifreeze proteins derived from insects.
The end-use industry segment has been divided into food & beverage, pharmaceutical & medical, cosmetics, and others. The pharmaceutical and medical segment accounted for a major share of the global market.
The use of the product in cryosurgery, cryopreservation of cells and tissues, and transplantation procedures have resulted in greater demand. The product provides anti-infective properties against bacteria, viruses, and fungi present in the body or skin. They reduce the extent of infection through prevention and treatment.
North America dominated the global antifreeze protein market in 2020. Increasing advancements in biotechnology and life sciences research, supportive government regulations, and growing use in the food industry drive this region's market growth.
The presence of leading market players in the region and rising demand from healthcare and pharmaceutical sectors further result in greater demand for the product. The development of vaccines against COVID-19 in the region has increased the application of the product during the pandemic.
The leading players in the antifreeze protein market include A/F Protein Inc, Beijing Huacheng Jinke Technology Co., Ltd, Kaneka Corporation, kodera herb garden co., ltd., MyBioSource, Inc., Nichirei Corporation, ProtoKinetix Inc, Rishon Biochem Co., Ltd, Shanghai Yu Tao Industrial Co., Ltd, Sirona Biochem Corp, and Unilever PLC.
These players are expanding their presence across various geographies and entering new markets in developing regions to expand their customer base and strengthen presence in the market. The companies are also introducing new innovative products in the market to cater to the growing consumer demands.
Market size value in 2020
USD 3.98 million
Revenue forecast in 2028
USD 44.02 million
36.2% from 2021 - 2028
2016 - 2019
2021 - 2028
Revenue in USD million and CAGR from 2021 to 2028
By Form, By Source, By End-Use, By Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
A/F Protein Inc, Beijing Huacheng Jinke Technology Co., Ltd, Kaneka Corporation, kodera herb garden co., ltd., MyBioSource, Inc., Nichirei Corporation, ProtoKinetix Inc, Rishon Biochem Co., Ltd, Shanghai Yu Tao Industrial Co., Ltd, Sirona Biochem Corp, Unilever PLC