The global antifreeze proteins market size was US$ 5.45 million in 2021. The global antifreeze proteins market is forecast to grow to US$ 30.22 million by 2030 by growing at a compound annual growth rate (CAGR) of 34.3% during the forecast period from 2022 to 2030.

Antifreeze proteins (AFPs) are developed from specific plants, insects, bacteria, fungi, and fish. The antifreeze protein is used to lower the freezing temperature. In addition, it is also used to restrict ice formation by concealing the growth of ice nuclei.

Factors Influencing the Market

Rising awareness related to the benefits of antifreeze protein is forecast to drive the antifreeze proteins market forward. These proteins impede the development of ice crystals within body fluids. It is the key factor driving the growth of the global antifreeze proteins market.

The evolution of efficient technology to boost fish farming in cold environments is forecast to contribute to market growth. Furthermore, the growing number of R&D activities is forecast to boost the market growth.

Antifreeze protein finds its wide applications in vaccination, organ transplants, and cosmetics. Thus, it will benefit the global antifreeze proteins market during the study period.

The growth of the food and beverages industry will offer ample growth opportunities for the antifreeze proteins market growth. On the contrary, the high initial costs of antifreeze proteins may limit the growth of the market.

The growing initiatives from governments to boost the healthcare expenditure is forecast to escalate the growth of the global antifreeze proteins market. Moreover, the growing food and beverage industry will surge the market growth in the coming years.

COVID-19 Impact Analysis

The global COVID-19 pandemic significantly surges the demand for the antifreeze proteins market. The health and pharmaceuticals segment is growing after the wake of the pandemic. Moreover, the demand for efficient storage increased steeply. As a result, the demand for the antifreeze proteins market has grown significantly after the pandemic.

Regional Analysis

North America is forecast to dominate the global antifreeze proteins market, followed by Europe and Asia-Pacific. The growth of this market is attributed to the growth of the medical and cosmetics industries in the region. Thus, the demand for antifreeze proteins has also been increasing steeply. Asia-Pacific antifreeze proteins market is forecast to grow rapidly due to growing government funding. In addition, the rising awareness related to the significance of antifreeze proteins in the region. Moreover, the growing healthcare infrastructure and rising food and beverage industry will contribute to the growth of the Asia-Pacific antifreeze proteins market.

Competitors in the Market

Kaneka Corporation
A/F Protein Inc.
Unilever
Sirona Biochem
ProtoKinetix, Inc.
Shanghai Yu Tao Industrial Co, Ltd.
Nichirei Corporation
Huacheng Jinke Technology Co. Ltd.
AquaBounty Technologies Inc.
Kodera Herb Garden
Other Prominent Players
Market Segmentation

The global antifreeze proteins market segmentation focuses on Type, Form, Sources, End-User, and Region.

Based on Type

Type I
Type II
Type III
Glycoproteins
Non-Glycoproteins
Others
Based on Form

Solid
Liquid
Based on Source

Fish
Recombinant
Insects
Based on End-user

Food & Beverages
Healthcare Industry
Cosmetics
Others
Based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America