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Antifreeze Proteins Market worth $50 million by 2028 - Exclusive Report by MarketsandMarkets™
The majority of the proteins extracted are Type I, as they are the simple form of antifreeze proteins to identify in the DNA sequence and present in larger quantities. The growing demand for different cosmetics and medicinal products has increased the demand for these proteins in the market. Frozen foods are packed in special ways to avoid ice crystals in it. Additionally, the convenience of packed foods increases its demand in the market.
The solid form provides a longer shelf life than the liquid form, which makes this form most preferred for Ice creams, frozen meat, and skin-whitening creams. Solid form is easily available from different sources of origin and it is easy to store and use as well, which makes it ideal for the food sector, such as frozen foods, ice cream products, frozen fish, and meats. This helps in reducing the overall production cost.
The rising demand for different packaged foods has increased the demand for antifreeze proteins in this sector. High global population growth is witnessed, as the UN estimates that the global population will reach 9 billion by 2050. The rising necessity of different antifreeze proteins to prevent ice crystals formation in frozen foods has increased the adoption of antifreeze proteins. This has provided opportunities for food producers to enter this market and launch various products into the market.
Antifreeze proteins and antifreeze glycoproteins were first identified in Antarctic fishes and it lowered the freezing point to less than 33.8° F. Fish held the highest market share during the study period, due to the ease of extraction and application. However, the high cost of extraction of antifreeze proteins from fish is encouraging manufacturers to switch to other sources.
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Asia Pacific is a highly diverse market in terms of antifreeze protein manufacturing and consumption. The Asia Pacific antifreeze proteins market is expected to grow at a significant rate. The region comprises two densely populated regions India and China , which are dominated by an increase in the consumption of different food, cosmetics, and medicinal products. The Asia Pacific region is driven by economic growth, urbanization, and the rise in purchasing power of consumers. These countries are also offering key players to expand their reach in the antifreeze proteins market by providing a vast customer base, the focus of the companies operating in the market is shifting towards establishing business and manufacturing facilities, which drives the market in the region. The prime factor contributing to the growth of antifreeze proteins in the region is the growing adoption of these proteins in different end use applications. Additionally, key players like Nichirei Corporation. ( Japan ), Kaneka Corporation ( Japan ), Shanghai Yu Tao Industrial Co., Ltd. ( China ), Kodera Herb Garden Co., Ltd ( Japan ), Beijing Huacheng Jinke Technology Co., Ltd. ( China ) and others have a strong presence and market share in the region, which further boosts the antifreeze proteins market in the Asia Pacific .
Key players in this market include 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 ), Beijing Huacheng Jinke Technology Co., Ltd. ( China ), Rishon Biochem Co., Ltd ( China ), and MyBiosource, Inc. (US)
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