Market Overview:
Global Antifreeze Proteins Market was valued at USD 10.23 million in 2023 and is expected to reach USD 63.76 million by the year 2030, at a CAGR of 25.7%.
Antifreeze proteins (AFPs) also called ice structuring proteins, refer to a class of polypeptides produced by certain animals, plants, fungi, and bacteria that permit their survival in temperatures below the freezing point of water. AFPs bind to small ice crystals to inhibit the growth and recrystallization of ice that would otherwise be fatal. There is also increasing evidence that AFPs interact with mammalian cell membranes to protect them from cold damage. This work suggests the involvement of AFPs in cold acclimatization. This raises the standard of frozen fish items and maintains their smooth texture. Antifreeze proteins are also used in dairy, fruit, and vegetable as well as confectionary industry. Thus, the demand for antifreeze protein in the food sector is expected to increase potentially. The market is driven by the increasing use of frozen foods worldwide.
Top Key Players Covered In The Antifreeze Proteins Market:
- Nichirei Corporation. (Japan)
- Kaneka Corporation (Japan)
- A/F Protein Inc. (US)
- Sirona Biochem (Canada)
- Unilever (Netherlands)
- ProtoKinetix Inc. (US)
- Shanghai Yu Tao Industrial Co.Ltd. (China)
- Kodera Herb Garden Co.Ltd (Japan)
- MyBioSource Inc. (US)
- Beijing Huacheng Jinke Technology Co.Ltd., and Other Major Players.
Market Dynamics and Factors:
The increasing number of benefits associated with antifreeze proteins is driving the demand for antifreeze proteins market across the globe. Furthermore, advancements in technology to enhance fish farming in colder climates are also projected to influence the antifreeze proteins market significantly. Moreover, the use of antifreeze proteins as effective chemical adjuvants in cryosurgery is anticipated to have a robust impact on the antifreeze proteins market. The growth in the number of applications of antifreeze proteins and their critical applications in the procedures such as transplantation, cryosurgery, and hypothermia therapeutics is one of the main reasons for the growth of the market.
Furthermore, an increase in investment in R&D and a rise in demand from various end-use industries are anticipated to create new opportunities in the antifreeze proteins market. The rising incidences of chronic and acute diseases among the population due to changing lifestyles will increase the demand for the treatment of diseases boosting the market growth for antifreeze proteins. The advancing research in the field of molecular biology has increased its application in procedures like cryosurgery, vaccination, transplantation, and hypothermia. The rise in the demand for frozen food products owing to high convenience in a fast-paced lifestyle is expected to fuel market growth.
Antifreeze Proteins Market Report Highlight:
- By Type, the type-I segment is anticipated to lead the growth of the Antifreeze Proteins market in the forecasted timeframe. Type-I antifreeze Proteins are extracted on a larger scale from fish. Furthermore, the DNA sequence of Type I antifreeze proteins is easily identified for research and is available in huge quantities. All these factors are expected to drive the growth of this segment.
- By Source, the Fish segment is expected to have the highest share of the Antifreeze Proteins market over the projected period. Easy availability and simplicity of the extraction process of antifreeze proteins from fish are the factors driving the growth of this segment within the market, thereby boosting segment growth.
- By Application, the medical segment is set to develop at the highest CAGR during the forecasted timeframe. The demand for AFPs in the pharmaceutical & medical industry is expected to increase owing to their anti-infective properties. They are useful against bacteria, fungi, protozoa, and viruses in the body and on the skin by treating and reducing the infection and its occurrence.
- The North American region is expected to have the highest share of the Antifreeze Proteins market over the projected period. The presence of the prominent key players, as well as demand for anti-aging personal care products is rising in Canada due to the presence of a large base of an aging population, which is contributing to the increasing application of the product., are the main factors driving the development of the market in this region.
Key Industry Development:
In September 2021, Nichirei Corporation announced an acquisition with Nourish (N.I.) Limited to expand the temperature-controlled logistics business to the U.K. through subsidiary Norish Limited which operates in six refrigerated warehouses in inland and port areas that provide storage and related value-added services, including blast freezing.
In October 2020, Sirona Biochem and Global Pharmaceutical Company announced an agreement to test Sirona’s revolutionary skincare dark spot remover, TFC-1067, in a new clinical investigation. Dermscan (a division of Eurofins), a global leader in cosmetic clinical trials, will oversee it. The goal of the trial was to see if the molecule may help with hyperpigmentation, or “dark spots” on the skin.
Antifreeze Proteins Market Segmentation:
By Type
- Type I
- Type III
- Antifreeze Glycoproteins
By Source
- Fish
- Plants
- Insects
By Application
- Medical
- Cosmetics
- Food
For this report, Introspective Market Research has segmented the Antifreeze Proteins Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
