The Antifreeze Protein Market is Projected to Reach $85.8 Million by 2030, at a CAGR of 33.4% from 2023 to 2030. The antifreeze protein market is driven by factors such as 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 are expected to hinder this market's growth to a certain extent.
Rising Consumer Demand for Frozen Food Products
The changing food consumption pattern has increased the demand for convenience food. Consumers prefer convenience food products, such as RTE and RTC food, due to their ease of preparation and consumption. The demand for ready-to-eat food products is increasing rapidly due to the drastic shift in dietary habits. Additionally, increasing urbanization is likely to boost the growth of this trend.
More than half of the world's population lives in urban areas. According to the United Nations World Urbanization Report, the urban population of the world has grown rapidly from 439,498,772 in 2015 to 471,031,528 in 2019, which indicates that almost 55% of the world’s population lives in urban areas. This proportion is expected to increase to 68% by 2050. As a result, urban consumers are gaining exposure to a wider choice and better food availability than those living in rural areas. Also, this urbanization trend is expected to contribute significantly toward improved living standards and rising incomes, which influences the affordability of frozen food products to a greater extent.
Furthermore, with the rising demand for frozen food, there will be higher adoption of antifreeze protein in the frozen food industry. Antifreeze proteins can modify ice growth, stabilizing ice crystals over a defined temperature range, inhibiting recrystallization, and reducing cellular damage. This safeguards the quality of frozen foods without structural and organoleptic alterations. Antifreeze protein is vital in ice cream, chilled fish and meat, frozen dough, desserts, and other frozen food products.
Hence, the rising demand for frozen food products drives the growth of the antifreeze protein market.
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In 2023, the Type I Segment to Dominate the Antifreeze Protein Market
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.
In 2023, the Solid Form Segment is Expected to Account for the Larger Share
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.
Insects Segment to Witness the Fastest Growth During the Forecast Period
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.
In 2023, the Medical Segment to Dominate the Antifreeze Protein Market
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.
North America: The Dominating Regional Market
The antifreeze protein market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. 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 and beverages, and cosmetics, increasing demand for frozen food, and technological advancements.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years. Some of 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).
Scope of the Report:
Antifreeze Protein Market, by Type
Antifreeze Protein Market, by Form
Antifreeze Protein Market, by Source
Antifreeze Protein Market, by Application
Antifreeze Protein Market, by Region
Key Questions Answered in the Report:
The antifreeze protein market is expected to reach $85.8 Million by 2030, with a CAGR of 33.4% from 2023 to 2030.
Based on type, the Type III segment is slated to register the fastest growth rate during the forecast period and provide significant opportunities for players operating in this market.
Based on application, the cosmetics application segment is slated to register the fastest growth rate during the forecast period and provide significant opportunities for players operating in this market.
High Production Cost and R&D Expenditure
The major key players operating in the 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).
Asia-Pacific is slated to register significant market growth during the forecast period of 2023–2030.
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom–up Approach
2.3.1.2. Top–down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Estimation
2.4. Assumptions for the Study
2.5. Limitations for the Study
3. Executive Summary
3.1. Introduction
3.2. Segmental Analysis
3.3. Regional Analysis
3.4. Key Players
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Rising Consumer Demand for Frozen Food
4.2.2. Increasing Application of Antifreeze Protein in Medical
4.2.3. Growing Awareness of Antifreeze Protein in Different Industries
4.3. Restraints
4.3.1. High R&D Expenditure and Production Cost
4.4. Opportunities
4.4.1. Technological Advancement and R&D Innovation
4.5. Challenges
4.5.1. Limited Use in Food & Beverages
5. Global Antifreeze Protein Market, by Type
5.1. Introduction
5.2. Type I
5.3. Type III
5.4. Antifreeze Glycoprotein
5.5. Other Antifreeze Protein Types
6. Global Antifreeze Protein Market, by Form
6.1. Introduction
6.2. Solid
6.3. Liquid
7. Global Antifreeze Protein Market, by Source
7.1. Introduction
7.2. Fish
7.3. Insects
7.4. Plants
7.5. Microorganisms
8. Global Antifreeze Protein Market, by Application
8.1. Introduction
8.2. Medical
8.3. Cosmetics
8.4. Food & Beverage
8.5. Other Applications
9. Antifreeze Protein Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.3.6. Russia
9.3.7. Rest of Europe
9.4. Asia–Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Australia
9.4.5. Rest of Asia–Pacific
9.5. Latin America
9.5.1. Brazil
9.5.2. Mexico
9.5.3. Rest of Lain America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Key Growth Strategies
10.3. Competitive Benchmarking
11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
11.1. A/F Protein Inc.
11.2. KANEKA CORPORATION
11.3. AquaBounty Technologies, Inc.
11.4. Sirona Biochem Corp
11.5. Nichirei Corporation
11.6. ProtoKinetix, Inc.
11.7. Unilever PLC
11.8. Rishon Biochem Co., Ltd
11.9. Other Players
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
List of Tables
Table 1 Global Antifreeze Protein Market Drivers: Impact Analysis (2023–2030)
Table 2 Global Antifreeze Protein Market Restraints: Impact Analysis (2023–2030)
Table 3 Global Antifreeze Protein Market Size, by Type, 2021–2030 (USD Million)
Table 4 Type I Antifreeze Protein Market Size, by Country/Region, 2021–2030 (USD Million)
Table 5 Type III Antifreeze Protein Market Size, by Country/Region, 2021–2030 (USD Million)
Table 6 Antifreeze Glycoprotein Market Size, by Country/Region, 2021–2030 (USD Million)
Table 7 Other Antifreeze Protein Types Market Size, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 9 Solid Antifreeze Protein Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Liquid Antifreeze Protein Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 12 Fish Market Size, by Country/Region, 2021–2030 (USD Million)
Table 13 Insects Market Size, by Country/Region, 2021–2030 (USD Million)
Table 14 Plants Market Size, by Country/Region, 2021–2030 (USD Million)
Table 15 Microorganisms Market Size, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 17 Antifreeze Protein Market Size for Medical Application, by Country/Region, 2021–2030 (USD Million)
Table 18 Antifreeze Protein Market Size for Cosmetics Application, by Country/Region, 2021–2030 (USD Million)
Table 19 Antifreeze Protein Market Size for Food & Beverage Application, by Country/Region, 2021–2030 (USD Million)
Table 20 Antifreeze Protein Market Size for Other Applications, by Country/Region, 2021–2030 (USD Million)
Table 21 Global Antifreeze Protein Market Size, by Region, 2021–2030 (USD Million)
Table 22 North America: Antifreeze Protein Market Size, by Country, 2021–2030 (USD Million)
Table 23 North America: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 24 North America: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 25 North America: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 26 North America: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 27 U.S.: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 28 U.S.: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 29 U.S.: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 30 U.S.: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 31 Canada: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 32 Canada: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 33 Canada: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 34 Canada: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 35 Europe: Antifreeze Protein Market Size, by Country, 2021–2030 (USD Million)
Table 36 Europe: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 37 Europe: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 38 Europe: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 39 Europe: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 40 Germany: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 41 Germany: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 42 Germany: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 43 Germany: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 44 France: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 45 France: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 46 France: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 47 France: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 48 U.K.: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 49 U.K.: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 50 U.K.: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 51 U.K.: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 52 Italy: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 53 Italy: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 54 Italy: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 55 Italy: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 56 Spain: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 57 Spain: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 58 Spain: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 59 Spain: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 60 Russia: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 61 Russia: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 62 Russia: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 63 Russia: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 64 Rest of Europe: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 65 Rest of Europe: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 66 Rest of Europe: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 67 Rest of Europe: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 68 Asia-Pacific: Antifreeze Protein Market Size, by Country, 2021–2030 (USD Million)
Table 69 Asia-Pacific: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 70 Asia-Pacific: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 71 Asia-Pacific: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 72 Asia-Pacific: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 73 Japan: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 74 Japan: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 75 Japan: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 76 Japan: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 77 China: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 78 China: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 79 China: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 80 China: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 81 India: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 82 India: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 83 India: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 84 India: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 85 Australia: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 86 Australia: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 87 Australia: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 88 Australia: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 89 Rest of Asia-Pacific: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 90 Rest of Asia-Pacific: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 91 Rest of Asia-Pacific: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 92 Rest of Asia-Pacific: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 93 Latin America: Antifreeze Protein Market Size, by Country, 2021–2030 (USD Million)
Table 94 Latin America: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 95 Latin America: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 96 Latin America: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 97 Latin America: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 98 Brazil: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 99 Brazil: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 100 Brazil: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 101 Brazil: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 102 Mexico: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 103 Mexico: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 104 Mexico: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 105 Mexico: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 106 Rest of Latin America: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 107 Rest of Latin America: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 108 Rest of Latin America: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 109 Rest of Latin America: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
Table 110 Middle East & Africa: Antifreeze Protein Market Size, by Type 2021–2030 (USD Million)
Table 111 Middle East & Africa: Antifreeze Protein Market Size, by Form, 2021–2030 (USD Million)
Table 112 Middle East & Africa: Antifreeze Protein Market Size, by Source, 2021–2030 (USD Million)
Table 113 Middle East & Africa: Antifreeze Protein Market Size, by Application, 2021–2030 (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply–Side & Demand–Side)
Figure 6 Market Sizing and Growth Forecast Approach
Figure 7 Antifreeze Protein Market, Type Analysis, 2023 Vs. 2030 (USD Million)
Figure 8 Solid Form to Dominate the Antifreeze Protein Market in 2023
Figure 9 Antifreeze Protein Market, Source Analysis, 2022 Vs. 2029 (USD Million)
Figure 10 Antifreeze Protein Market, Application Analysis, 2023 Vs. 2030 (USD Million)
Figure 11 Global Antifreeze Protein Market Geographic Snapshot, 2022
Figure 12 Market Dynamics
Figure 13 Global Antifreeze Protein Market Size, by Type, 2022–2029 (USD Million)
Figure 14 Global Antifreeze Protein Market Size, by Form, 2022–2029 (USD Million)
Figure 15 Global Antifreeze Protein Market Size, by Source, 2022–2029 (USD Million)
Figure 16 Global Antifreeze Protein Market Size, by Application, 2022–2029 (USD Million)
Figure 17 Global Antifreeze Protein Market Size, by Region, 2022–2029 (USD Million)
Figure 18 Key Growth Strategies Adopted by Leading Players (2019–2022)
Figure 19 Antifreeze Protein Market: Competitive Benchmarking, by Type
Figure 20 KANEKA CORPORATION: Financial Overview (2021)
Figure 21 AquaBounty Technologies, Inc.: Financial Overview (2021)
Figure 22 Sirona Biochem Corp: Financial Overview (2021)
Figure 23 Unilever PLC: Financial Overview (2021)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Jan-2024
Published Date: Nov-2023
Published Date: May-2023
