A recent report published by Infinium Global Research on antifreeze proteins market provides in-depth analysis of segments and sub-segments in the global as well as regional antifreeze proteins market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional antifreeze proteins market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global antifreeze proteins market. According to the report, the global antifreeze proteins market is projected to grow at a CAGR of 21.3% over the forecast period of 2019-2025.
After the invention of the "antifreeze proteins" in the 1960s by the renowned animal biologist Arthur DeVries, its demand is continuously growing. As the demand for a different type of pharmaceutical products, cosmetics, and the food product is growing, its demand is growing in the same way around the world. Further, its demand in the medical sector is continuously growing for several purposes, such as organ transplant, vaccination, every day. It is an ice structural protein obtained from bacteria, plant, fungi and some other animals, which are found in the subzero environments. Nowadays, it has multiple applications such as to increase freeze tolerance of different crop plants and to extend the harvest season in cold climate. Additionally, it is used to facilitate fish production in colder regions. It is also used to enhance the shelf life of frozen food products and some other business applications.
The continuously growing demand for a different type of frozen pharmaceutical products is helping to grow the demand of the antifreeze proteins around the world. However, the complex extraction process and the small amount of production are the major factors for the high cost of this protein. This cost factor is hampering the growth of this product in the potential market. The continuous growing demand for processed food, cosmetics, and the pharmaceutical product is expected to boost the demand for this product in the developing countries.
Geographically, the antifreeze proteins market is divided into four regions, namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the antifreeze proteins market, owing to the presence of several pharmaceutical, cosmetics, and food processing companies in this region. Additionally, the availability of a large number of the consumer base in North America is helping to grow the demand of the antifreeze protein in this region. Europe is the second largest market, after North America. The Asia-Pacific is expected to grow at the highest CAGR during the forecast period, owing to the growing demand of the different type of frozen food, pharmaceutical products, and cosmetic products in this region.
The report on global antifreeze proteins market covers segments such as type, form, source, and end use. On the basis of type, the sub-markets include type I, type III, antifreeze glycoproteins, and other types. On the basis of form, the sub-markets include solid, and liquid. On the basis of source, the sub-markets include fish, plants, insects, and other sources. On the basis of end use, the sub-markets include medical, cosmetics, food, and other end uses.
The report provides profiles of the companies in the market such as ProtoKinetix Inc., Unilever, Sirona Biochem, AquaBounty Technologies, and Kaneka Corporation.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of antifreeze proteins market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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