PUBLISHER: Meticulous Research | PRODUCT CODE: 1518377
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518377
Antifreeze Protein Market by Type (Type I, Type III, Antifreeze Glycoprotein, and Other), Form (Solid, Liquid); Source (Fish, Insects, Plants, and Microorganism), Application (Medical, Cosmetics, Food & Beverages, and Other)-Global Forecast to 2030.
According to the research report titled, 'Antifreeze Protein Market by Type (Type I, Type III, Antifreeze Glycoprotein, and Other), Form (Solid, Liquid); Source (Fish, Insects, Plants, and Microorganism); Application (Medical, Cosmetics, Food & Beverages, and Other)-Global Forecast to 2030', the antifreeze protein market is projected to reach $85.8 billion by 2030, at a CAGR of 33.4% during the forecast period 2023-2030. The report provides an in-depth analysis of the antifreeze protein market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.
Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of the antifreeze protein market is driven by the rising consumer demand for frozen food, increasing application of antifreeze protein in the medical industry, and growing adoption of antifreeze protein in different industries. However, high R&D expenditure and production costs may restrain market growth.
Moreover, technological advancement and R&D innovation is expected to create market growth opportunities. However, limited use in food & beverages poses a significant challenge to the market's growth.
The key players operating in the global antifreeze protein market are A/F Protein Inc. (U.S.), KANEKA CORPORATION (Japan), AquaBounty Technologies, Inc. (U.S.), Sirona Biochem Corp (Canada), Nichirei Corporation (Japan), ProtoKinetix, Inc. (U.S.), Unilever PLC (U.K.), and Rishon Biochem Co., Ltd (China).
Based on type, the antifreeze protein market is segmented into Type I, Type III, antifreeze glycoprotein, and other antifreeze protein types. In 2023, the type I segment is expected to account for the largest share of the antifreeze protein market. The large market share of this segment is attributed to the increasing availability of fish protein, ease of use in different applications, and successful R&D practices.
Based on form, the antifreeze protein market is segmented into solid and liquid. In 2023, the solid form is expected to account for the larger share of the antifreeze protein market. The large market share of this segment is attributed to its easy storage, increased application in frozen food, and easy availability of antifreeze protein in solid form.
Based on source, the antifreeze protein market is segmented into fish, insects, plants, and microorganisms. The insect segment is projected to register the highest CAGR during the forecast period. The fast growth of this segment is mainly attributed to the growing demand for environment-friendly protein-rich food and the rising investments in edible insect farming.
Based on application, the antifreeze protein market is segmented into medical, cosmetics, food & beverages, and other applications. In 2023, the medical segment is expected to account for the largest share of the antifreeze protein market. The large market share of this segment is mainly attributed to the rising R&D from biotechnology and medical companies, increased application of antifreeze protein in cryopreservation and organ transplantation treatment, and functional properties of antifreeze protein suitable for medical treatments.
An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the antifreeze protein market. The large share of this regional market is attributed to the presence of key players and research institutes, well-established end-use industries, such as medical, food & beverages, and cosmetics, increasing demand for frozen food, and technological advancements.
Key Questions Answered in the Report-
Antifreeze Protein Market Assessment-by Type
Antifreeze Protein Market Assessment-by Form
Antifreeze Protein Market Assessment-by Source
Antifreeze Protein Market Assessment-by Application
Antifreeze Protein Market Assessment-by Region