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 2024-2031

Report ID: SQMIG30H2093 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 114 | Figures: 77

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Antifreeze Proteins Market size was valued at USD 8.16 billion in 2022 and is poised to grow from USD 10.40 billion in 2023 to USD 72.66 billion by 2031, growing at a CAGR of 27.50% during the forecast period (2024-2031).

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 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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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 2024-2031

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