The global antifreeze proteins market size has the potential to grow by USD 5.41 million during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of more than 30%.
The rising number of commercial applications and technological advances in genome editing tools are some of the major factors driving the market growth. The US, Germany, and the UK are currently the major markets for antifreeze proteins.
Antifreeze Proteins Market - Key Insights
Scope of the Report
The report provides a detailed analysis of the market by application and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.
Browse TOC and LoE with selected illustrations and example pages from antifreeze proteins market report
Market Segmentation
Antifreeze Proteins Market by Application
- Healthcare
- Cosmetics
- F&B
- Others
Antifreeze Proteins Market by Region
- Asia
- Europe
- North America
- ROW
Market Competitive Analysis
The antifreeze proteins market is concentrated, and the degree of concentration will decrease during the forecast period. With the increasing number of internet users in developing countries, vendors are focusing on making their products available on various e-commerce websites. A/F Protein Inc., Kaneka Corp., and Kodera Herb Garden Co. Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the lack of trained laboratory professionals will challenge the growth of market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report provides information on the production, sustainability, and prospects of several companies, including:
- A/F Protein Inc.
- Kaneka Corp.
- Kodera Herb Garden Co. Ltd.
- Sirona Biochem Corp.
- Unilever Plc
Antifreeze Proteins Market: Key Drivers and Trends
Antifreeze proteins find applications in several end-user industries such as agriculture, food and beverages, marine, medical, and others. In the agricultural industry, they are used to increase the freeze tolerance of crops and prolong the harvest season in cooler climates. The food and beverages industry uses antifreeze proteins to improve the shelf life and maintain the quality of food products. Antifreeze proteins are used in the marine industry to increase the fishing output in cold climates. The wide range of commercial applications of antifreeze proteins will drive market growth over the next few years.
- Antifreeze proteins market trends, such as technological advances in genome editing tools, will also influence market growth.
- Advances in CRISPR-Cas9 genome editing technology are leading to several biological and biomedical researches.
- Researchers have recently identified Type II CRISPR-Cas9 system as an efficient tool for targeted genome editing for various organisms and cell types.
- Continuous advances in genome tools have increased their application in various fields, including antifreeze proteins.
- Such factors will drive antifreeze proteins market growth at a CAGR of over 30% during 2019-2023.
Antifreeze Proteins Market: Segmentation by Region
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The rise of aquaculture is providing new growth opportunities for vendors in the antifreeze proteins market in North America. Additionally, the thriving private healthcare sector and rising investments in medical research also increased the demand for antifreeze proteins in the region.
During the forecast period, around 70% of the overall market growth will originate from North America. However, market growth in this region will be slower than the growth of the market in Europe.
Antifreeze Proteins Market: Segmentation by Application
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Antifreeze proteins are increasingly being used in the healthcare industry as a diagnostic tool to identify transmissible diseases and pathogens. The rising prevalence of chronic diseases and the growing demand for novel therapies have increased the applications of antifreeze proteins in the healthcare segment.
As a result, the antifreeze proteins market size in the healthcare application segment will steadily increase during the forecast period. However, market growth in this segment will be slower than the growth of the market in cosmetics and F&B segments.
Antifreeze Proteins Market: Key Highlights of the Report
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the market during the next five years
- Precise estimation of the global antifreeze proteins market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the antifreeze proteins industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of antifreeze proteins market companies
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