Antifreeze Protein Market Geographic Segmentation & Competitive Landscape Report to 2028

Antifreeze Proteins Industry Overview

The global antifreeze proteins market size was valued at USD 6.4 million in 2021 and is expected to expand at a CAGR of 27.5% from 2022 to 2028, owing to the rising medical experiment and application of antifreeze proteins in the pharmaceuticals sector.

In addition, the rising demand for frozen foods is expected to drive further market growth during the forecast period. Growing usage of developed proteins in skincare products such as anti-aging creams is further expected to propel the market growth during the projected timeline. The rising demand for healthy food & beverage products containing protein ingredients across the globe additionally acts as one of the major motivating factors in the market demand.

Gather more insights about the market drivers, restrains and growth of the Global Antifreeze Proteins Market

U.S. antifreeze protein market size, by form, 2019 - 2028 (USD Million)

Owing to the COVID-19 pandemic, the demand for the product has decreased. With the ongoing lockdown, the production and supply chain of antifreeze proteins have been affected, thus hampering the growth of the market. During the COVID-19 pandemic, the healthcare experts recommended a daily intake of nutritional food to maintain the immunity of the body, which further increases the demand for protein intake in food across the globe. Therefore, the significant demand for dietary food during the pandemic positively influenced the global market.

Increasing investments from Norway-based aquaculture companies to procure frozen products is refueling the market growth. The companies are focusing on the premium taste of smoked fish with the perfect texture. Rapidly growing demand for aurora salmon from the U.K consumers is propelling the industry growth. Additionally, key players are focusing to launch cost-effective organic salmon food products. Hence, the market is expected to capture significant market growth during the forecast period.

Factors such as improvement of aquaculture practice in cold climates, refining freeze tolerance developments of plants, prolonging the harvest season in cold climates, and improvement in cryosurgery procedures will boost the industry sales. Additionally, the rising usage of antifreeze proteins in yogurts and ice creams is also propelling the market growth during the coming years. Increasing investments by key players to launch new frozen products in the food sector is further expected to boost industry sales. However, limited applications of antifreeze proteins in the food industry and the high associated costs may hamper the market.

The growing application of antifreeze proteins in the pharmaceutical sector coupled with rising R&D activities further offers significant growth opportunities to the antifreeze protein market during the forecast period. Along with food applications, antifreeze protein is also used to enrich the bioavailability of drugs due to various bioactive effects such as antimicrobial action, and physiological effects that can underwrite general human health.

Browse through Grand View Research's Nutraceuticals & Functional Foods Industry Research Reports.

  • Wheat Protein Market - The global wheat protein market size was estimated to be worth USD 6.13 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% from 2022 to 2030.
  • Functional Foods Market - The global functional foods market size was estimated at USD 280.7 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030.

Market Share Insights

  • January 2020: Lerøy Seafood Group and DNV GL signed a contract to develop the product certification for STP 86 Salmo Salar. The STP-86 consists of a higher content of omega-3 acids.

Key Companies profiled:

Some prominent players in the antifreeze proteins market include

  • Unilever
  • Kaneka Corporation
  • Nichirei Corporation.
  • A/F Protein Inc.
  • Sirona Biochem
  • Proto Kinetix, Inc.
  • Shanghai Yu Tao Industrial Co., Ltd.
  • Kodera Herb Garden Co., Ltd
  • Beijing HuachengJinke Technology Co., Ltd.

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

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