Press release
Antifreeze Proteins Market is Anticipated to Reach USD 37 million in 2027, Expanding at a CAGR of 36.6% during 2020-2027 | Size, Industry Analysis,
Antifreeze Proteins Market
The Antifreeze Proteins Market is expected to reach USD 37 million by 2027, growing at a CAGR of 36.6% over the forecast period (2020-2027).
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/antifreeze-proteins-market-analysis-industry-research/
The factors driving the growth of Antifreeze Proteins Market includes rising awareness amongst consumers about the benefits of antifreeze proteins, increasing use of antifreeze proteins in cakes, ice cream and yogurts and growing prevalence of chronic diseases such as cancer. According to the report published by Statista, revenue generated from the sales of yogurt products is expected to reach USD 155.40 billion by the end of 2022, growing at a CAGR of 6.93% over the forecast period (2022-2027), which will accelerate the Antifreeze Proteins Market size in the approaching years. Moreover, rise in the launch of innovative products, growing demand for nutritional food, increasing adoption of advanced technologies by manufacturers and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, improvement in cryosurgery procedures, increasing application of antifreeze proteins in the pharmaceutical industry, rising investments by leading companies on research and development and growing population growth rates, are further contributing towards the market growth.
However, growth of the Antifreeze Proteins Market is hindered due to high production cost of antifreeze proteins.
The leading players operating in the Antifreeze Proteins Market are Unilever, Sirona Biochem., ProtoKinetix, Inc., NICHIREI CORPORATION, A/F Protein Inc., KANEKA CORPORATION, Shanghai Yu Tao Industrial Co. Ltd., kodera herb garden co., ltd., AquaBounty Technologies Inc., and Rishon Biochem Co. Ltd., among others
Based on Type, the Type I segment is predicted to expand at a significant CAGR during the forecast period
Increasing application of type I antifreeze proteins in medical and cosmetic industries, is pushing growth of the segment.
Based on Form, the Solid segment is projected to grow at a remarkable CAGR over the forecast period
Increasing use of solid antifreeze proteins in frozen meat skin whitening creams, and ice creams, is propelling growth of the segment.
Based on Region, the North American region is anticipated to capture the largest market share during the forecast period
Advancements in biotechnology, rapid growth in the aquaculture industry, increasing consumption of ice creams and yogurts, growing prevalence of cancer, rising population growth rates, improved living standards and high per capita incomes, are some of the important factors augmenting the market growth in North American region.
Market Segmentation
Segmentation by Type
Type I
Type II
Type III
Others
Segmentation by Form
Solid
Liquid
Segmentation by End-Use
Medical
Cosmetics
Food
Others
Segmentation by Source
Fish
Plants
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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