Resources
About Us
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
Report ID: MRFB - 104751 Pages: 200 Jun-2024 Formats*: PDF Category: Food and Beverages Delivery: 24 to 72 Hours Download Free Sample ReportThe 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.
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.
Click here to: Get Free Sample Copy of this report
Based on type, the antifreeze protein market is segmented into Type I, Type III, antifreeze glycoprotein, and other antifreeze protein types. In 2024, 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 2024, 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 2024, 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 2024, 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).
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 2024 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 2024–2030.
Published Date: Aug-2024
Published Date: Jul-2024
Published Date: May-2024
Published Date: Jan-2024
Published Date: Jan-2024
Please enter corporate email id here & we’ll send you a free sample.
Subscribe to get the latest industry updates