Global Antifreeze Proteins Market

Global Antifreeze Proteins Market Size, Share, Growth Analysis, By Form(Solid and Liquid), By Type(Type I, Type III), By End-use(Medical, Food), By Source(Fish and Others) - Industry Forecast 2023-2030


Report ID: SQMIG30H2093 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 114 | Figures: 77

Global Antifreeze Proteins Market Insights

Antifreeze Proteins Market size was valued at USD 6.4 Billion in 2021 and is expected to grow from USD 8.16 Billion in 2022 to USD 53.77 Billion by 2030, at a CAGR of 27.5% during the forecast period (2023-2030).

The rising demand for frozen meals would fuel additional market expansion during the forecast period. The increasing use of created proteins in skincare products like anti-aging creams is also anticipated to fuel market expansion over the course of the forecast period. Additionally, one of the key factors driving market demand is the rising need for protein-rich healthy food and beverage items around the world.

Growing investments from aquaculture businesses in Norway to buy frozen goods are reviving the market's expansion. The businesses are concentrating on the superior flavor and ideal texture of smoked fish. The industry is expanding quickly due to a rapidly rising demand from consumers in the UK for aurora salmon. Key players are also concentrating on releasing cheap organic salmon food products. Consequently, during the time of forecasting, the industry is anticipated to experience significant market growth.

Industry sales will increase as a result of factors like improved cryosurgery techniques, enhanced plant freeze resistance, extended harvest seasons in cold climates, and improved aquaculture practices. The market expansion in the upcoming years will also be fueled by the growing use of antifreeze proteins in yogurt and ice cream. Sales in the food industry are also anticipated to increase as a result of key players increasing their investments in the introduction of new frozen items. However, the business may be hampered by the restricted use of antifreeze proteins in the food industry and the high prices involved.

The expanding use of antifreeze proteins in the pharmaceutical industry and increasing R&D efforts will result in a significant amount of growth potential for the antifreeze protein market throughout the anticipated time frame. The bioactive properties of antifreeze protein, which include antimicrobial activity and physiological advantages that can improve general human health, are used for more than just culinary applications; they are also used to increase the bioavailability of pharmaceuticals.

US Antifreeze Proteins Market is poised to grow at sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 6.4 Billion

Largest Segment

Solid

Fastest Growth

Solid

Growth Rate

27.5% CAGR

Global Antifreeze Proteins Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Antifreeze Proteins Market By Form 2022-2030 ($ Bn)
Global Antifreeze Proteins Market By Form 2022-2030 (%)

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Global Antifreeze Proteins Market Segmental Analysis

Global Antifreeze Proteins Market is segmented based on form, type, end-use, source, and region. Based on form, the market is segmented into solid and liquid. In terms of type, the market is segmented into type I, type III, and antifreeze glycoprotein. With respect to segmentation by end-use, the market is segmented into medical, food, cosmetics, and others. Based on source the market is segmented into fish, and others. Based on region, the global antifreeze proteins market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Global Antifreeze Proteins Market Analysis by Form

On the basis of form, the global market is divided into solid, and liquid sub-segments. Due to the convenience of availability in solid form from the source of origin, the solid form segment provided the biggest revenue share of over 95.0% to the global market in 2021. They are extensively utilized in the food industry, including in the production of frozen meals, ice cream, fish, and meats. Additionally, the solid form is more advantageous for applications involving frozen food because it has a longer shelf life than the liquid version.

On the other hand, the liquid form segment is anticipated to experience considerable expansion over the course of the forecast period as a result of rising demand in the food and pharmaceutical industries. A CAGR of 26.4% is predicted for the segment's growth over the projection period. Proteins in liquid form have been studied and produced for use in the production of vaccines and medications. Furthermore, the market is anticipated to experience significant growth due to the substantial breadth of application for liquid antifreeze protein in the pharmaceutical industry.

Global Antifreeze Proteins Market Analysis by Type

On account of the Type I segment's greater extraction rate from the fish segment, its revenue share in the global market for antifreeze protein was over 65.0% in 2021.The DNA sequence of Type I antifreeze proteins is also easily accessible and available for research. All of these things are expected to contribute to the growth of this segment.

Global Antifreeze Proteins Market By Form 2022 (%), 2021 (%)

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Global Antifreeze Proteins Market Regional Insights

Asia Pacific dominated the global antifreeze protein market in 2021, with a revenue share of over 35.0%. This is accountable to the prevalence of marine capture and aquaculture production in the region. Rising demand for antifreeze proteins from the pharmaceutical and cosmetic industries is driving the sector's expansion. Due to the widespread usage of antifreeze proteins in the manufacturing of vaccines, the presence of leading international vaccine companies in this region is further fostering market expansion. Consuming products that have been smoked with sashimi is a recent trend in China that is propelling market growth.

North America is expected to register the highest CAGR, at 28.5%, during the forecast period. This can be ascribed to the rising demand for goods produced in the region by the food and cosmetics sectors. Antifreeze protein development and production have greatly risen in this region as well. The American fishery agency also boosted the salmon fish catchers' ability to preserve their catch and invest on the same. It is predicted that this kind of activity will hasten market expansion during the forecast period.

Global Antifreeze Proteins Market By Geography, 2022-2030, 2023-2030
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  • Fastest

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Global Antifreeze Proteins Market Dynamics

Global Antifreeze Proteins Market Drivers

Increasing Demand from Various Industries

  • Antifreeze proteins are finding applications in a variety of industries, including food, cosmetics, medical, and agriculture. The growing demand for these proteins from these industries is driving the market growth.

Global Antifreeze Proteins Market Restraints

High Production Costs

  • The production of antifreeze proteins is complex and expensive, which makes them relatively expensive to produce compared to other types of proteins.

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Global Antifreeze Proteins Market Competitive Landscape

The antifreeze proteins market is still in the early stages of development, and thus, there are only a few key players operating in the market. These players are engaged in various strategies such as research and development, collaborations, and partnerships to gain a competitive edge.

Top Player’s Company Profiles in Global Antifreeze Proteins Market

  • AquaBounty Technologies, Inc.
  • Sirona Biochem Corp.
  • Unilever N.V.
  • A/F Protein Inc.
  • AFYS3G
  • Medicago Inc.
  • A/F Protein (NZ) Ltd
  • AGC Biologics
  • Glanbia Nutritionals
  • Clariant International AG
  • Wuxi Hisky Medical Technologies Co., Ltd.
  • Xinyi Dongsheng Antifreeze Protein Co., Ltd.
  • Yantai Langy Biological Technology Co., Ltd.
  • Shanghai SyntheAll Pharmaceutical Co., Ltd.
  • Henan Eshow Electronic Commerce Co., Ltd.
  • Guangdong VTR Bio-Tech Co., Ltd.
  • Hebei Zhongrun Biological Technology Co., Ltd.

Recent Developments

  • In September 2021, Sirona Biochem Corp. announced that it had received a Notice of Allowance from the United States Patent and Trademark Office for its new class of antifreeze glycoproteins.
  • In June 2021, Kaneka Corporation announced that it had started the construction of a new production facility for antifreeze proteins in Japan.

Global Antifreeze Proteins Key Market Trends

  • Increasing demand from the food industry: Antifreeze proteins are being increasingly used in the food industry to improve the quality and shelf-life of frozen foods. This trend is expected to continue in the coming years, as more and more food manufacturers look for ways to enhance their products.
  • Growing demand from the medical industry: Antifreeze proteins have potential medical applications, such as in organ transplantations and cryopreservation. As a result, there is growing interest from the medical industry in the development of antifreeze protein-based products.
  • Technological advancements: Advances in biotechnology and genetic engineering are making it easier to produce antifreeze proteins in large quantities. This is expected to lead to the development of new products and applications in the coming years.
  • Increased research and development: There is a growing amount of research being conducted on antifreeze proteins, which is leading to new discoveries and potential applications. This is expected to drive the growth of the market in the coming years.
  • Focus on sustainability: With the growing concern over environmental issues, there is an increasing focus on developing sustainable and eco-friendly products. Antifreeze proteins have the potential to replace conventional antifreeze agents, which are often toxic and harmful to the environment. This trend is expected to drive demand for antifreeze proteins in the coming years.

Global Antifreeze Proteins Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, we found that the Antifreeze Proteins market is in addition, it is anticipated that during the forecast period, the rising demand for frozen meals would fuel additional market expansion. Increasing use of created proteins in skincare products like anti-aging creams is also anticipated to fuel market expansion over the course of the forecast period. Additionally, one of the key factors driving market demand is the rising need for protein-rich healthy food and beverage items around the world. There is a growing amount of research being conducted on antifreeze proteins, which is leading to new discoveries and potential applications. This is expected to drive the growth of the market in the coming years.

Report Metric Details
Market size value in 2021 USD 6.4 Billion
Market size value in 2030 USD 53.77 Billion
Growth Rate 27.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Form
    • Solid and Liquid
  • Type
    • Type I, Type III, Antifreeze Glycoprotein
  • End-use
    • Medical, Food, Cosmetics, and Others
  • Source
    • Fish and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • AquaBounty Technologies, Inc.
  • Sirona Biochem Corp.
  • Unilever N.V.
  • A/F Protein Inc.
  • AFYS3G
  • Medicago Inc.
  • A/F Protein (NZ) Ltd
  • AGC Biologics
  • Glanbia Nutritionals
  • Clariant International AG
  • Wuxi Hisky Medical Technologies Co., Ltd.
  • Xinyi Dongsheng Antifreeze Protein Co., Ltd.
  • Yantai Langy Biological Technology Co., Ltd.
  • Shanghai SyntheAll Pharmaceutical Co., Ltd.
  • Henan Eshow Electronic Commerce Co., Ltd.
  • Guangdong VTR Bio-Tech Co., Ltd.
  • Hebei Zhongrun Biological Technology Co., Ltd.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Antifreeze Proteins Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Antifreeze Proteins Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Antifreeze Proteins Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Antifreeze Proteins Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Antifreeze Proteins Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Antifreeze Proteins Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Antifreeze Proteins Market size was valued at USD 6.4 Billion in 2021 and is expected to grow from USD 8.16 Billion in 2022 to USD 53.77 Billion by 2030, at a CAGR of 27.5% during the forecast period (2023-2030).

The antifreeze proteins market is still in the early stages of development, and thus, there are only a few key players operating in the market. These players are engaged in various strategies such as research and development, collaborations, and partnerships to gain a competitive edge. 'Kaneka Corporation', 'AquaBounty Technologies, Inc.', 'Sirona Biochem Corp.', 'Unilever N.V.', 'Protokinetix Inc.', 'AF Protein', 'A/F Protein Inc.', 'AFYS3G', 'Medicago Inc.', 'A/F Protein (NZ) Ltd', 'AGC Biologics', 'Glanbia Nutritionals', 'Clariant International AG', 'Wuxi Hisky Medical Technologies Co., Ltd.', 'Xinyi Dongsheng Antifreeze Protein Co., Ltd.', 'Yantai Langy Biological Technology Co., Ltd.', 'Shanghai SyntheAll Pharmaceutical Co., Ltd.', 'Henan Eshow Electronic Commerce Co., Ltd.', 'Guangdong VTR Bio-Tech Co., Ltd.', 'Hebei Zhongrun Biological Technology Co., Ltd.'

Antifreeze proteins are finding applications in a variety of industries, including food, cosmetics, medical, and agriculture. The growing demand for these proteins from these industries is driving the market growth.

Increasing demand from the food industry: Antifreeze proteins are being increasingly used in the food industry to improve the quality and shelf-life of frozen foods. This trend is expected to continue in the coming years, as more and more food manufacturers look for ways to enhance their products.

Asia Pacific dominated the global antifreeze protein market in 2021, with a revenue share of over 35.0%. This is accountable to the prevalence of marine capture and aquaculture production in the region. Rising demand for antifreeze proteins from the pharmaceutical and cosmetic industries is driving the sector's expansion. Due to the widespread usage of antifreeze proteins in the manufacturing of vaccines, the presence of leading international vaccine companies in this region is further fostering market expansion. Consuming products that have been smoked with sashimi is a recent trend in China that is propelling market growth.

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