Increasing Demand From Biomedical Application Has Expected To Drive Antifreeze Proteins Market

Global Antifreeze Proteins Market: Key Highlights

• According to the new market research report “Antifreeze Proteins Market by Type (Type I, Type II, Antifreeze Glycoprotein, and Others), by Formulation (Solid and Liquid), by End-use (Medical, Cosmetics, Food & Beverage, and Others), by Source (Plants, Fish, Insects, and Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) – Global Forecast (2020 to 2027)”, the global antifreeze protein market is estimated to reach USD 21.3 Million by 2027 at a CAGR of around 25.7% during the review period.
• Increasing demand from the cosmetic industry is one of the factors significantly supporting the demand for market
• Increasing use of antifreeze protein as an effective chemical in medical application has expected to drive the market growth
• Advancement in CRISPR-Cas9 genome editing technology is leading to several biomedical and biological research
• Rising standards of living and changes in lifestyles in developing countries contribute to increase in demand form cosmetics, convenience foods, and vaccinations
• However, high research & development cost remains a major restraining factor for the growth of the antifreeze protein market

Global Antifreeze Proteins Market: Key Market Dynamics

• Demand for antifreeze protein for biomedical application such as cryosurgeries, organ transplant, vaccination, and others are involving freezing body tissues for later use or preservation is expected to drive the market growth
• Demand to increase fish farming production in the cooler climate
• High cost incurred in developing and manufacturing antifreeze protein, remains a major threat to the market growth
• The inclination of key players towards higher investment to strengthen demand is a megatrend followed in the market

Global Antifreeze Proteins Market: Regional Overview

• North America

The antifreeze protein market in the North American region is projected to witness high demand in the medical sector. Presence of several research institutions that support research in the life science and biotechnology sector. For Instance, the National Institutes of Health (NIH), invested nearly USD 39.2 billion annually in medical research for the American people. However, such investment made by various institutions will be led to more research activities in the fields of drug discovery and the conversion of basic research to clinical research. it creates new opportunities for antifreeze protein in various sectors.

• Europe

The food and drink industry is one of the major contributors to the European economy while, countries such as Germany, Spain, France, and Italy are food and drink producers by turnover. According to Food Drink Europe, in 2017 total EU food and drink exports were worth USD 121.60 billion. Moreover, increasing demand from the food & beverage industry for antifreeze protein to enhance food storage further boosting the market growth in the European region. 

Global Antifreeze Proteins Market: Key Players Overview

• A/F Protein Inc.:

A/F Protein Inc. was incorporated in 1994, with an aim to meet the growing need for research and development for purified antifreeze proteins and glycoproteins. The company offers antifreeze protein of Types I and III, and Antifreeze Glycoprotein for the development of the product. The company provides products for medical, food and cosmetic sectors across the globe.

• KANEKA CORPORATION:

KANEKA CORPORATION was established in 1949. The company operated in E & I Technology, PV & Energy management, Vinyls and Chlor-Alkali, Foam & Residential Techs, Performance Polymers, Pharma & Supplemental Nutrition, Performance Fibers, Medical Devices, Foods & Agriculture business segments. The company has 4 manufacturing sites across Japan, 8 research & development laboratories and operates in Europe, Asia Pacific, North America, and Africa.

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