Antifreeze Proteins Market

Global Antifreeze Proteins Market Size (2024 to 2029)

The Global Antifreeze Proteins Market share value in 2024 was 18.82 million, and it is expected to grow at a CAGR of 37.2 % during the forecast period 2024-2029 to reach USD 91.49 million by 2029.

Antifreeze proteins are biomolecules that are found in numerous organisms such as fish, insects, plants, and microorganisms. The antifreeze protein is present in many fishes and invertebrates that are mostly found in cold regions. The proteins are available in these organisms to prevent them from freezing in cold weather or cold water. The antifreeze proteins can inhibit ice crystal formation. This allows these organisms to survive in icy conditions. These proteins have the ability to these organisms to decrease the freezing point of water. These antifreeze proteins help in the stabilization of ice crystals within a given temperature range. Because of this special quality, these antifreeze proteins are used in various industries, such as cell biology and the food and beverage industry. Antifreeze proteins are used during the manufacturing of ice creams as they help to maintain the texture of ice cream. Because of the anti-freezing quality of these proteins, it is also called ice-structuring proteins. These are also used in the cryosurgery procedure.

The increase in advancement of technology due to the increase in the development of this industry is creating opportunities for the antifreeze proteins market growth. Additionally, the millennial generation always opts for convenience. As these proteins are easily available, this helps to increase market growth over the projected period. In addition, the increase in demand for cosmetics and vaccines in emerging countries like Brazil, India, etc. The increase in the use of antifreeze proteins in the pharma sector, with an increase in research and development activities, creates opportunities for market growth. Additionally, these proteins were used to enrich the bioavailability of drugs. This is due to numerous bioactive effects like antimicrobial action and physiological effects. This leads to an increase in demand for antifreeze proteins in the market over the forecasting period.

Global Antifreeze Proteins Market Drivers:

The increase in advantages associated with the use of antifreeze protein is the major driving factor in the antifreeze proteins market. This type of protein is also known as ice structuring protein. This is due to the ability of these proteins to inhibit ice crystal formation. These proteins are produced by various fish, plants, insects, bacteria, and fungi to survive in freezing conditions. As these proteins inhibit the growth of ice crystal formation, they are used in various industries. The mechanism of action of these proteins is they block the formation of ice crystals in fish and various organisms by decreasing the freezing temperature in the organism. These are used in industries like medicine, cosmetics, and food and beverage industries. The increase in the use of these proteins in cosmetical products such as anti-aging creams drives the Antifreeze proteins market growth.

The increase in advanced aquaculture practices in cold regions leads to freeze tolerance and the growth of plants. This helps to boost the harvest season in cold conditions. Additionally, antifreeze proteins used in cryosurgery procedures are a major factor that drives market growth. The increase in the use of these proteins in the manufacturing of yogurts also drives market growth. The increase in investment by market players across the globe to launch new frozen substances drives the antifreeze proteins market growth. Various industries are focusing on the premium taste of smoked fish. The increase in demand for aurora salmon from the United Kingdom customers is driving market growth. The cost-effective products launched by the key players that use antifreeze proteins help to fuel market growth.

Global Antifreeze Proteins Market Restraints:

The high cost associated with research and development and procedure such as manufacturing and extraction of antifreeze proteins by various companies restricts the antifreeze proteins market growth. The extraction and manufacturing of antifreeze proteins from various sources require special types of equipment, and various steps are involved in the process of extraction hence leading to an increase in overall cost associated with these procedures. Additionally, the dearth of applications concerning these antifreeze proteins in food industries hinders market growth. The majority of the population prefers vegetarian food nowadays. Fish is the main source of antifreeze proteins. As major of the population prefers vegetarian food, this lead to a decrease in demand for the antifreeze proteins market.

Impact of COVID-19 on the Antifreeze Proteins Market:

The COVID-19 pandemic harmed the antifreeze proteins market initially. Covid-19 led to cause difficulty in supply chain management. The pandemic led to cause issues during production as there were travel restrictions. This hindered the growth of the antifreeze proteins market. During Covid-19, there was an increase in awareness of eating healthy products as most of the antifreeze proteins were derived from fish and insects. People during Covid-19 were avoiding eating animal-based products. Hence lead to a decrease in demand for antifreeze proteins. Other sources of antifreeze proteins aside from fishes and insects are bacteria, fungi, and plants. But the extraction of proteins from these sources was a new procedure. Because of covid-19, there was travel restrictions and a lack of professional to perform these new procedures; handling the new technology was difficult during the pandemic. This led to a decrease in the production of vegan-based antifreeze proteins. Additionally, there was an increase in the consumption of nutritional food during the covid-19 as nutritional food products boost immunity. Hence this led to an increase in the consumption of protein-based products. Therefore, there was moderate growth after the initial period of the pandemic in the antifreeze proteins market.

REPORT COVERAGE: 

This research report on the Global Antifreeze Proteins Market has been segmented and sub-segmented based on source, form, type, end user, & region.

Global Antifreeze Proteins Market - By Source:

• Fish
• Plant
• Insect

Among these, the fish segment dominates the antifreeze proteins market. The fish segment is expected to show its dominance over the forecasting period. This is due to the easy availability of the fish. Additionally, the extraction of antifreeze proteins from fish is an easy procedure when compared with extraction from other sources. In addition, the proteins extracted from fish are 300 times more efficient than the protein extracted from other sources. The insect segment is expected to show the fastest CAGR growth over the forecasting period. This is due to the high-quality proteins extracted from the insects. These high-quality proteins are extracted from insects like crickets; black soldier flies, mealworms, ants, and grasshoppers.

Global Antifreeze Proteins Market - By End User:

• Medical
• Cosmetics
• Food and beverages
• Others

Among these, the medical segment dominates the antifreeze proteins market. The medical segment is expected to show its dominance over the forecasting period. This is due to its health benefits. Antifreeze proteins have various qualities, such as anti-infectant properties. These proteins are used to protect temperature-sensitive pharmaceutical materials. Antifreeze proteins are used in storing the vaccines as they are temperature sensitive. Incorporating these proteins in vaccines helps to increase the stability during their storage and transportation.

Global Antifreeze Proteins Market - By Type:

• Type I
• Type III
• Antifreeze Glycoprotein
• Others

Among these, the type I segment dominates the antifreeze proteins market. The type I segment is expected to show its dominance over the forecasting period. These proteins are available in large quantities. This is due to the fact that they are extracted on a large scale from fish, which drives segmental growth. Additionally, the increase in the usage of antifreeze proteins from the food and beverage industry fuels market growth. A huge amount of type I proteins are used for research driving segmental growth.

Global Antifreeze Proteins Market - By Form:

• Solid
• Liquid

Among these, the segment dominates the antifreeze proteins market. The segment is expected to show its dominance in the antifreeze proteins market over the forecasting period. This is due to the powdered segment being easily available. This powdered form is used in the food industries such as frozen foods, frozen fish, and meats. The shelf life of the powdered form of antifreeze proteins is longer than the liquid form of antifreeze proteins. The liquid form of the antifreeze proteins segment is expected to show the fastest CAGR growth over the forecasting period.

Global Antifreeze Proteins Market - By Region:

• Asia-Pacific
• Middle East
• Latin America
• Europe
• North America

Regionally, the Asia Pacific region dominates the antifreeze proteins market. The Asia Pacific region is expected to show dominance in the antifreeze proteins market over the forecasting period. This is due to the majority of marine and aquaculture production that occurs in the Asia Pacific region. Moreover, the increase in demand for these proteins from various industries, such as cosmetics, pharmaceuticals, etc., drives regional growth. These proteins are used in cosmetics in various products, such as anti-aging creams. Antifreeze proteins are used in pharmaceutical industries to maintain the products during the storage and distribution process. These proteins are used in vaccine manufacturing which fuels regional growth. The increase in consumption of smoked items, such as smoked sashimi in China, increases the demand for antifreeze proteins. These factors increase the demand for antifreeze proteins in the region. This drives the regional antifreeze protein market growth.

The North American region is expected to have a significant growth rate in the antifreeze protein market. This is due to an increase in demand from the food and beverage industry, cosmetics, and pharmaceutical industries. Additionally, the growth in the demand for these proteins is due to the development and production of proteins. In addition, the fishery department of the United States increased the preservation capacity of Salmon fish catchers. Additionally, the market players available in the region drives the market growth. The European region is expected to show the fastest CAGR growth in the antifreeze proteins market. This is due to an increase in demand for these proteins due to the increase in usage of these in various industries.

KEY MARKET PLAYERS:

Key Market Players Of Global Antifreeze Proteins Market are Unilever, Kaneka Corporation, Nichirei Corporation, A/F Protein Inc, Sirona Biochem, ProtoKinetix, Inc, Shanghai Yu Tao Industrial Co., Ltd, Kodera Herb Garden Co., Ltd, Beijing Huacheng Jinke Technology Co., Ltd.

RECENT HAPPENINGS IN THE MARKET:

On 27th May 2021, Unilever stepped up plant-based protein innovation in partnership with 'ENOUGH. ENOUGH’s technology uses a unique zero-waste fermentation process to grow a high-quality protein.