Antifreeze Proteins Market: Impact of Climate Change on Industry Dynamics

 The global antifreeze proteins market size was valued at USD 6.4 million in 2021 and is projected to reach USD 34.9 million by 2028, growing at a CAGR of 27.5% from 2022 to 2028. This growth is driven by the increasing medical research and applications of antifreeze proteins in the pharmaceutical sector.

 

Additionally, the rising demand for frozen foods is expected to further stimulate market growth during the forecast period. The growing use of advanced proteins in skincare products, such as anti-aging creams, is also anticipated to boost market expansion. Furthermore, the increasing demand for healthy food and beverage products containing protein ingredients globally acts as a significant motivating factor for market demand.

 

Investments from Norway-based aquaculture companies in procuring frozen products are accelerating market growth. These companies are emphasizing the premium taste of smoked fish with optimal texture. The rapidly growing demand for aurora salmon from UK consumers is propelling industry growth. Moreover, key players are focusing on launching cost-effective organic salmon food products, indicating that the market is poised for substantial growth during the forecast period.

 

Key Market Trends & Insights

  • Asia Pacific contributed the largest share to the global market, with over 35.0% revenue share in 2021. This is attributed to the region's dominance in marine capture and aquaculture production. The growing demand from the medical and cosmetic industries for antifreeze proteins is driving industry growth.
  • Based on form, the solid form segment captured the highest revenue share of over 95.0% in the global market in 2021, due to its availability in solid form from the source of origin. Solid forms are widely utilized in the food sector, including frozen foods, ice cream products, frozen fish, and meats. Furthermore, solid forms have a longer shelf life than liquid forms, making them more suitable for frozen food applications.
  • Based on type, the Type I segment represented a revenue share of over 65.0% in the global antifreeze proteins market in 2021, as they are extracted on a larger scale from fish. The DNA sequence of Type I antifreeze proteins is easily identifiable for research purposes and is available in substantial quantities, which is expected to drive the growth of this segment.
  • Based on end-use, the medical segment accounted for the largest revenue share of over 75.0% in the global market in 2021, owing to increased R&D efforts from biotechnology and pharmaceutical companies, as well as ongoing global research for COVID-19 vaccinations.
  • Based on the source, the fish source segment contributed the highest revenue share of over 95.0% in the global market in 2021. The ease of availability and the simplicity of the extraction process of antifreeze proteins from fish are key factors driving the growth of this segment.

 

Order a free sample PDF of the Antifreeze Proteins Market Intelligence Study, published by Grand View Research.

 

Market Size & Forecast

  • 2021 Market Size: USD 6.4 Million
  • 2028 Projected Market Size: USD 34.9 Million
  • CAGR (2022-2028): 27.5%
  • Asia Pacific: Largest market in 2021
  • North America: Fastest growing market

 

Key Companies & Market Share Insights

Key players are focusing on R&D and exploring commercial applications in food and medicine to meet the rising demand for frozen foods and vaccines. However, implementing advanced manufacturing techniques presents unique challenges and limitations. Several companies are targeting the expansion and launch of premium salmon salad products in the market. For instance, in January 2020, Lerøy Seafood Group and DNV GL signed a contract to develop product certification for STP 86 Salmo Salar, which consists of a higher content of omega-3 acids.

Key Players

  • 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.

 

Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.

 

Conclusion

The antifreeze proteins market is expected to experience significant growth driven by advancements in medical research, increasing demand for frozen foods, and the expanding applications of these proteins in various industries. The strong presence of key players and ongoing investments in R&D will likely foster innovation and create new market opportunities. As the demand for healthy food and biotechnology solutions continues to rise, the antifreeze proteins market is well-positioned for robust expansion over the coming years.

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