What Are the Latest Trends in the Antifreeze Protein Market Set to Reach $85.8 Million?


Posted November 15, 2024 by Pratiksha

The antifreeze protein market is projected to expand significantly at a CAGR of 33.4% from 2024 to 2030, with Meticulous Research® estimating its value to reach $85.8 million by the end of 2030.
 
Meticulous Research®, a top global market research company, proudly presents its detailed report, "Antifreeze Protein Market by Type (Type I, Type III, Antifreeze Glycoprotein, and Other), Form (Solid, Liquid), Source (Fish, Insects, Plants, Microorganisms), Application (Medical, Cosmetics, Food & Beverages, and Other) - Global Forecast to 2030."

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Market Overview: Meticulous Research® forecasts the antifreeze protein market to reach $85.8 million by 2030, growing at a CAGR of 33.4% from 2023 to 2030. Growth drivers include rising consumer demand for frozen food, expanding medical uses, and increased awareness of antifreeze protein benefits. High R&D and production costs may pose challenges.

Segment Insights:
• Type: Type I is expected to dominate the market in 2023 due to its widespread availability and versatility.
• Form: Solid forms are anticipated to lead in 2023 owing to ease of storage and broad application in frozen foods.
• Source: Insect-derived proteins are forecasted to grow the fastest, driven by eco-friendly and protein-rich food demand.
• Application: Medical applications are set to lead in 2023 with increased R&D in biotechnology and cryopreservation.
Geographic Insights: North America is likely to hold the largest share in 2023, supported by major industry players and growing demand in medical, food, and cosmetic sectors.

Competitive Landscape The antifreeze protein market is characterized by moderate competition, featuring numerous global, regional, and local players. Notable companies in this market include A/F Protein Inc. (U.S.), KANEKA CORPORATION (Japan), AquaBounty Technologies, Inc. (U.S.), Sirona Biochem Corp. (Canada), Nichirei Corporation (Japan), ProtoKinetix, Inc. (U.S.), Unilever PLC (U.K.), and Rishon Biochem Co., Ltd (China).

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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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Last Updated November 15, 2024