Ice structuring protein Market to Witness a Pronounce Growth During 2018 – 2028

Plethora of applications in Food & Beverage Industry injects the Ice structuring protein Market

The ice structuring protein refers to a class of polypeptides produced by specific plants, fungi, vertebrates and bacteria that allow their survival in the subfreezing surroundings. Ice structuring protein protect these organisms from the damage caused to tissues in ultra-cold conditions. Multiple forms of ice structuring protein are synthesized within each of these organisms. The Ice structuring protein helps to enhance the quality of frozen foods, such as ice-creams and ice-cream products by keeping up the smooth texture. The Ice structuring protein is also referred to as anti-freeze proteins and is used as a food preservatives by food and beverage industry. With fast-paced lifestyle, the frozen foods have gained a lot of importance thus leading to the growth of the Ice structuring protein Market.

High cost of production and R&D expenditure slows the Ice structuring protein Market growth

The spending on research and development is one of the significant expenses incurred by manufacturing companies. The ice structuring protein manufacturing companies have to bear other costs including labor, utilities, R&D expenses. The extraction of Ice structuring protein from fish and animals is a complicated process which involves huge R&D costs associated with it.

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Incorporation of Ice structuring protein into Healthcare aids in market surge

The Ice structuring protein have various applications in the healthcare sector, specifically for the widespread problems like organ transplantation and cryosurgeries. Earlier, there was no technology available, which could help to store the organs for organ transplant below a specific temperature because of the probable damage to the organ, but with an in-depth R&D in Ice structuring protein, the temperature range and the period for which an organ can be stored has widened up. In the blood banks, Ice structuring protein can be used to store platelets for an incredibly long period.

Many benefits served by Ice structuring protein boosts the growth of Ice structuring protein Market

The Ice structuring protein Market can be segmented based on the Product Type, Form, Source, End Use and Geographies. Based on Product Type, the Ice Structuring Market can be bifurcated into Type I, Type II, Antifreeze Glycoprotein and others. The Others segment includes Type III and Type IV Ice structuring protein. Based on the Form, the Ice structuring protein Market can be classified into Solid and Liquid. Based on Source, the Ice structuring protein Market can be classified as Fish, Plant, Insects, Fungi, Bacteria and others. The others segment comprises Diatoms, Yeast, etc. Based on End Use, the Ice structuring protein Market can be divided as Food & Beverages, Cosmetics, Medical & Healthcare, and others. The other end-use applications of the Ice structuring protein include Agriculture, Aquiculture, Petroleum and many more. Based on the Geographies, the Ice structuring protein Market can be segmented in North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.

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Developed regions with health conscious consumers are expected to dominate the Ice Structuring Market

People in North America are more health conscious when compared to others. North America is projected to be the fast growing market for Ice structuring protein during the forecast period, owing to the large-scale production of Ice structuring protein for medical purposes. The Asia-Pacific is also expected to witness high growth in the Ice structuring protein Market. The increasing number of institutes related to biotechnology and life sciences research has also increased the opportunity for Ice structuring protein. Owing to increasing urbanization, the demand for Ice structuring protein is increasing in cosmetics, medical and food applications, hence fueling the growth of the overall Ice structuring protein Market.

Consolidated Ice structuring protein Market limits the entry of new players

The overall Ice structuring protein market is highly consolidated as a small number of players dominate the global market. There are several companies, which are investing heavily in the Ice structuring protein market and its R&D setup. Some of the major players in the Ice structuring protein Market are Aqua Bounty Technologies, Unilever, Sirona Biochem, Kaneka Corp. ProtoKinetix. All these players have the lion’s share in the Ice structuring protein market, thus restricting the entry of start-ups in the Ice structuring protein Market.

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