Global Antifreeze Proteins Market was valued at USD X.2 Mn in 2019 and is expected to reach USD XX.11 Mn by 2027 at a CAGR of 25 % over the forecast period 2020-2027.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Antifreeze Proteins Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Antifreeze Proteins Market overview
Ice structuring proteins or antifreeze proteins is produced from specific insects, plant, bacteria, and fish. It is placed in extremely cold environments. It is one of the types of polypeptides. The longer shelf life of the antifreeze proteins products is one of the major driving factors that are increasing the demand for antifreeze protein market. The growing demand from food & beverages industry such as inconvenience and functional food products or ready-to-eat meals is driving the growth of the antifreeze proteins market. Also, to prevent the food damage and maintain good food quality is driving the growth of antifreeze protein market.
Antifreeze Proteins Market Dynamics
In cosmetic and food industries due to the advance extraction technologies the growth of the antifreeze proteins market is rising. The solid form in antifreeze protein market has the dominant market owing to increasing application of antifreeze proteins such as in frozen food and medical industries. The use of antifreeze protein in medical applications such as vaccinations, organ transplant and cryosurgeries increase the demand for antifreeze market. Besides, the fish antifreeze proteins are one of the most preferred sources of antifreeze proteins. Wide variety of applications and expansion of pharmacy & medical industries such as in cosmetic, vaccinations, ice cream and anti-aging creams increase the demand for antifreeze proteins over the forecast period.
To improve the taste, flavour, texture and give aroma to the food products the market for dietary supplementary products and applications of antifreeze proteins market is increasing. However, high costs requirement for R & D activities hampers the antifreeze market.
Increasing technological advancement and R&D activities boosted the demand for antifreeze protein market. Encouraging fish farming activities and various initiatives taken by the NGOs and government subsidiaries increase the market growth for Antifreeze protein market. New marine life farmers and manufacturers of fish farming products are taking key interest in the antifreeze protein market worldwide. Major key players are increasing investment for new product line development in antifreeze proteins market. Increasing urbanization and industrialization and increasing consumer awareness on healthy products has a positive impact on the antifreeze protein market over the period.
Growing environmental and industrial compliance towards environmentally friendly products are also boosting the demand. Conventional healthy food products and growing key manufacturers customer base in many countries for these products has positive impact on the antifreeze proteins market.
Global Antifreeze Proteins Market: Market Segmentation
Global Antifreeze Proteins Market Segmentation by Type (Type I, Type II, Antifreeze Glycoprotein and Others (Type II and Type IV AFPs)), by formulation (Solid and Liquid), by End Use (Medical, Cosmetics, Food and Others (Agriculture, material science, petroleum, climate control, and artificial snow production) by Source(Fish, Plant, Insects and Others (Diatoms, fungi, and bacteria), by Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
Global Antifreeze Proteins Market: Regional Analysis
The regional analysis of worldwide antifreeze protein market is segregated across North America, Europe, Asia Pacific, Middle East and Africa, and South America. Currently, Europe followed by North America held the highest market share in 2019 and is expected to keep its dominance over the forecast period. Europe has market share of approx. 34% in the Antifreeze Proteins market as manufacturers are taking keen interest towards ready-to-eat products and consumer awareness for dietary supplements. The regulation laid down by the government and subsidiaries provided on fresh meat raw material products are the major drivers for antifreeze protein market in Europe. Besides, manufacturers of antifreeze proteins are continuously innovating and developing new products to fulfil the consumer demand. North America is expected to witness a promising growth with a market share of xx.30% over the forecast period thanks to the rising demand for various applications in cosmetic, medical and food & beverages industry. E-commerce platform provided by various manufacturers are also boosting the demand for bio based organic acid market in the Asia Pacific.
Factors such as urbanisation, changing lifestyle, customer preference for natural food ingredients and increased demand for convenience foods drive the antifreeze protein market in Europe. Key manufacturers are more focused on researching and designing activities to broaden their present product range.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Antifreeze Proteins Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Antifreeze Proteins Market dynamics, structure by analyzing the market segments and project Global Antifreeze Proteins Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Antifreeze Proteins Market make the report investor’s guide.
Scope of Global Antifreeze Protein Market
Global Antifreeze Protein Market, by Type
• Type I
• Type II
• Antifreeze Glycoprotein
• Others (Type II and Type IV AFPs)
Global Antifreeze Protein Market, by Formulation
Global Antifreeze Protein Market, by End Use
• Others (Agriculture, material science, petroleum, climate control, and artificial snow production)
Global Antifreeze Protein Market, by Source
• Others (Diatoms, fungi, and bacteria)
Global Antifreeze Protein Market, by Region
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• South Africa
• Rest of ME&A
• Rest of South America
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