The global antifreeze protein market size is expected to reach USD 44.02 million by 2028 according to a new study by Polaris Market Research. The report “Antifreeze Protein Market Share, Size, Trends, Industry Analysis Report, By Form (Liquid, Solid); By Source (Plants, Fish, Insects, Others); By End-Use; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The demand for the product is expected to increase during the forecast period owing to a greater need for frozen food, dairy, and meat products. The increasing application in personal care and cosmetic products also supports market growth. The demand for antifreeze protein has increased during the pandemic due to vaccine development and medical procedures.
On the basis of form, the industry is segmented into liquid and solid. The solid segment is expected to account for the highest share during the forecast period. Growth in demand owing to its stability and ease of use has been observed. Rising application inconvenience and frozen food products such as ice cream, confectionery, and fruits & vegetables support the industry growth.
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. Benefits associated with insect sources, increasing commercial application, and rising application in healthcare drive this segment’s growth.
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Antifreeze proteins derived from insects offer greater effectiveness at suppressing freezing points. Increasing research, development, and technological advancements have increased application in the healthcare, pharmaceutical, and food sectors.
Rising utilization in organ transplants, storage of blood platelets in blood banks, and vaccine storage, especially during the pandemic, drive the overall growth of this segment. Advancements in genetic engineering and biotechnology and growing demand from the developing economies have fuelled the demand for the product from the pharmaceutical and medical sector.
The leading industry players 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.
Polaris Market Research has segmented the antifreeze protein market report on the basis of form, source, end-use, and region:
Antifreeze Protein, Form Outlook (Revenue, USD Million, 2016 – 2028)
Antifreeze Protein, Source Outlook (Revenue, USD Million, 2016 – 2028)
Antifreeze Protein, End-Use Outlook (Revenue, USD Million, 2016 – 2028)
- Food & Beverage
- Pharmaceutical & Medical
Antifreeze Protein, Regional Outlook (Revenue, USD Million, 2016 – 2028)
- North America
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa