DUBLIN, Aug. 20, 2018 /PRNewswire/ —
The “Antifreeze Proteins Market by Source (Fish, Plants, and Insects), End Use (Medical, Cosmetics, and Food), Type (Type I, Type III, and Antifreeze Glycoproteins), Form (Liquid and Solid), and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
The antifreeze proteins market is projected to grow at a CAGR of 30% from USD 2.7 million in 2018 to reach a value of USD 10 million by 2023.
The worldwide demand for antifreeze protein is on the rise, particularly in the medical industry. The demand is driven by the performance quality and functionality of antifreeze proteins used in cryosurgery, organ transplants, and vaccines. Increasing demand for antifreeze proteins in the cosmetics industries is also one of the factors significantly supporting market development.
Extraction of an antifreeze protein from fish is a complex process and involves significant R&D investments. The high cost of production and R&D expenditure is one of the major restraints of the antifreeze proteins market. Also, market consolidation of major dominating players limits the free entry of new players posing as a restraint to the antifreeze proteins market.
The variations with regard to the quality of grades of sources such as fish, plants, and insects determine the final application of the antifreeze proteins in the different industrial sectors such as food, medical, and cosmetics. Fish antifreeze proteins are widely preferred for applications such vaccinations, organ transplants, antiaging creams, cosmetics, and ice creams.
The antifreeze proteins market is segmented on the basis of end-use into medical, cosmetics, and food. The medical segment is estimated to dominate the antifreeze proteins market; this segment accounted for the largest share in 2017. Antifreeze proteins are used in cryopreservation and organ transplantation which is expected to fuel their demand for antifreeze proteins during the review forecast period. The dominance of this segment can be attributed to increasing R&D investments from pharmaceutical and biotechnology companies and ongoing research for vaccines.
The market is segmented on the basis of form into liquid and solid. The use of solid antifreeze protein in the medical and food sectors is rapidly growing. The increase in demand for solid antifreeze proteins from the frozen food industry is projected to drive the solid segment during the review period.
On the basis of type, the antifreeze proteins market is segmented into Type I, Type III, and AFGP. The extraction process depends on the source and the type of antifreeze protein required. Recently, the demand for Type III has been rising due to the advancements in extraction technologies making them fit for cosmetic and food applications.
The market is also segmented on the basis of region into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe and North America are estimated to be the dominant regions in the antifreeze proteins market in 2018. North America has several national research institutes which support biotechnology and life sciences research which in turn supports the growth of the antifreeze proteins market, identifying new areas of applications.
However, North America is projected to be the fastest-growing market during the forecast period, due to increased awareness and government funding for proteomics and life sciences research and increasing R&D investments in the region.
Companies such as AF Protein (Aqua Bounty Technologies), Sirona Biochem, Unilever, Kaneka Corp. and ProtoKinetix provide a broad product portfolio for antifreeze proteins catering to the varied requirements of the market, along with a focus on the diverse end-use segments. They are also focused on innovation and are geographically diversified.
Key Topics Covered
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Periodization Considered
1.5 Currency Considered
1.6 Units Considered
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
126.96.36.199 Key Data From Secondary Sources
2.1.2 Primary Data
188.8.131.52 Breakdown of Primaries
184.108.40.206 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Antifreeze Proteins Market
4.2 Antifreeze Proteins Market Size, By Region
4.3 Antifreeze Proteins Market, By Type
4.4 Antifreeze Proteins Market, By End Use, 2018-2023
4.5 Antifreeze Proteins Market, By Source & Region, 2017
5 Market Overview
5.2 Market Dynamics
220.127.116.11 Benefits Associated With Antifreeze Proteins
18.104.22.168 Advancements in Technology to Enhance Fish Farming in Cooler Climates
22.214.171.124 Use of Antifreeze Proteins as Effective Chemical Adjuvants in Cryosurgery
126.96.36.199 High Cost of Production and R&D Expenditure
188.8.131.52 Market Consolidation Limits Free Entry for New Players
184.108.40.206 Increasing Investment in R&D and Innovations to Strengthen Demand
220.127.116.11 Emerging Markets
18.104.22.168 Limited Use in Food Applications
5.3 Supply Chain
6 Antifreeze Proteins Market Regulatory Framework
6.2 Food and Drug Administration
6.3 European Commission
6.4 Food Standards Australia New Zealand (FSANZ)
7 Antifreeze Proteins Market, By Type
7.2 Type I
7.3 Type III
7.4 Antifreeze Glycoproteins
8 Antifreeze Proteins Market, By Form
9 Antifreeze Proteins Market, By End Use
10 Antifreeze Proteins Market, By Source
11 Antifreeze Proteins Market, By Region
11.2 North America
11.4 Asia Pacific
11.5 Rest of the World (RoW)
12 Company Profiles
12.1 Kaneka Corporation
12.2 Aqua Bounty Technologies, Inc.
12.3 Sirona Biochem
12.5 Protokinetix Inc.
For more information about this report visit https://www.researchandmarkets.com/research/q9wnwv/10_million?w=5
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