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.