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Phase-Xs | Biologics & Biosimilars | Coherent Market Insights

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Antifreeze proteins are capable of binding to ice by the phenomenon of adsorption and stopping the growth of ice crystals. This special property of antifreeze proteins finds its use in a variety of applications such as in food & beverage industry, medical industry, cosmetics industry, agricultural industry, and others. In food & beverage industry, antifreeze proteins are used to prevent freezing-thawing damage to food products such as cake, enhance the texture of ice cream, and helps in maintaining the shelf life of frozen fish, meat, and flour dough. In medical industry, antifreeze proteins are used in cell cryopreservation, cryosurgery procedure and as anti-infective agent used to coat medical devices such as catheter.

Global Antifreeze Protein Market - Impact of the Coronavirus (COVID-19) Pandemic

Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020.

For instance, according to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 172 million cases and 3.7 million deaths due to coronavirus (COVID-19) were reported till June 06, 2021, across the globe.

Impact of COVID-19 on Demand and Supply of Antifreeze Proteins

The COVID-19 pandemic and lockdown in various countries across the globe have negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has negatively impacted the entire supply chain of the pharmaceutical industry, food & beverage industry, cosmetics industry, and others mainly due to strict lockdown in several regions. However, the demand for antifreeze proteins is increasing in this COVID-19 pandemic due to a growing need of development of new vaccine candidates for treatment of coronavirus cases. For instance, according to the Business Standard Report 2020, there is an increased pressure on the governments all around the world to ensure proper storage and transport facilities for distribution of newly approved COVID-19 vaccines. For instance, according to the Centers for Disease Control and Prevention (CDC), Pfizer vaccine need to be stored at a very low temperature of about -70 degree Celsius. Antifreeze proteins are used to maintain the structural stability of vaccines stored under subzero temperature conditions.

Thus, impact of the coronavirus (COVID-19) pandemic is expected to boost growth of the global antifreeze proteins market during the forecast period, owing to the increased demand of antifreeze proteins for storage of COVID-19 vaccines.

The global antifreeze proteins market is estimated to be valued at US$ 5.4 Mn in 2021, and is expected to exhibit a CAGR of 34.8% over the forecast period (2021-2028).

Figure 1: Global Antifreeze Proteins Market Share (%) Analysis, By Product Type, 2021

Antifreeze Proteins  | Coherent Market Insights

The increasing product launches and approvals are the major factors that are expected to drive the market growth over the forecast period

The increasing launches of products and approvals are expected to drive growth of the global antifreeze proteins market over the forecast period. For instance, in May 2021, AquaBounty Technologies, a U.S. biotechnology company launched genetically engineered salmon, which is the first of its kind in the world and also the only one to be currently available for commercial harvest. This newly developed genetic modification technology will enable the company to produce 70% more salmon than the traditional methods of spawning and breeding. A boost in product launches in the field of frozen fish is expected to boost the antifreeze protein market as these proteins are widely used as a preservative for storage of frozen fish.

Moreover, increasing market strategies by key players such as partnerships, collaborations, and acquisitions are expected to drive the global antifreeze proteins market. For instance, in September, 2020, Sirona Biochem Corp., a U.S. biotechnology company signed a partnership agreement with WuXi Apptec, a biopharmaceutical company based in Shanghai, for scaling up the production of TFC-1067, a novel skincare product for dark spot removal. Skincare products require usage of antifreeze proteins to maintain the stability and texture of the cosmetic product, thus growth in cosmetics industry is expected to fuel the market growth of antifreeze proteins.

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Antifreeze Proteins Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 5.4 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 34.8% 2027 Value Projection: US$ 43.6 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Product Type: Type I, Type III, Antifreeze Glycoproteins, Others
  • By Form: Solid, Liquid
  • By Source: Fish, Recombinant (Bacteria, Fungi, Plant, Animals)
  • By End User: Medical Industry, Food & Beverages Industry, Cosmetics Industry, Others
Companies covered:

Kaneka Corporation, Rishon Biochem Co., Ltd, Aqua Bounty Technologies, Inc., Sirona Biochem Corp., Unilever Plc., Nichirei Corporation, A/F Protein Inc., Kodera Herb Garden Co., ProtoKinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., and MyBiosource, Inc.

Growth Drivers:
  • Technological advancements
  • Increasing research and development activities by the market players
  • Increasing product launches and approvals
Restraints & Challenges:
  • High cost of extraction
  • Risks of allergy

Global Antifreeze Proteins Market – Restraints

However, growth of the global antifreeze proteins market is expected to be hampered due to high extraction cost of antifreeze proteins and risk of allergy associated with use of antifreeze proteins. For instance, according to an article published by the Journal of the American Chemical Society in July 2017, a study conducted by the University of Warwick, U.K revealed that antifreeze proteins may cause inflammatory response in some people.

Global Antifreeze Proteins Market – Regional Analysis

On the basis of regions, the global antifreeze proteins market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to hold dominant position in the global antifreeze proteins market over the forecast period, owing to large consumption and growing demand of frozen food. For instance, according to data provided by the American Frozen Food Institute, in 2018, the U.S. frozen food industry increased by 2.6% from 2017 to reach US$ 57 billion. Antifreeze proteins are used in preservation of food in frozen state, thus rising consumption of frozen food is expected to fuel the market growth of antifreeze proteins in North America region over the forecast period.

Figure 2: Global Antifreeze Proteins Market Value (US$ Mn), by Region, 2021

Antifreeze Proteins  | Coherent Market Insights

Global Antifreeze Proteins Market – Competitive Landscape

Major players operating in the global antifreeze proteins market include Kaneka Corporation, Rishon Biochem Co., Ltd, Aqua Bounty Technologies, Inc., Sirona Biochem Corp., Unilever Plc., Nichirei Corporation, A/F Protein Inc., Kodera Herb Garden Co., ProtoKinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., and MyBiosource, Inc.

Antifreeze proteins are peptides or polypeptides produced by certain organisms that lower the freezing point of water to prevent crystallization in the frozen state. This allows organisms to survive at a temperature below zero degree Celsius without any freezing damage caused by formation of crystals inside its cell. Antifreeze proteins are produced by organisms such as fishes, insects, bacteria, plants, diatoms, nematodes, and others. Antifreeze proteins also protect the cell from mechanical damage, which could result from recrystallization of ice. Inhibition of ice recrystallization is a property, which can be exploited for use of antifreeze proteins in cryopreservation of mammalian cells. Antifreeze proteins work on the principle of adsorption wherein they bind to the ice forming surface and halt the growth of ice crystal formation. On the basis of structure, antifreeze proteins are of five types, namely Type I, Type II, Type III, Type IV, and Antifreeze Glycoproteins. Antifreeze proteins have a wide range of industrial applications such as preserving frozen food, cell cryopreservation, cryoprotectant agents in organ transplantation surgery, frost protection in agricultural plants, and others.

Market Dynamics

Market players are focusing on launches of products, which is expected to strengthen their position in the global antifreeze protein market. For instance, in January 2021, Unilever launched around 25 new products ranging from frozen treats to packaged ice cream. Since, antifreeze proteins are used as an additive in frozen food products to maintain structural stability, new product launches in the food and beverage industry is expected to fuel the growth of global antifreeze proteins market over the forecast period.

Market players are involved in several market strategies such as entering into partnership to boost their growth, this is expected to drive the growth of the global antifreeze protein market. For instance, in October 2020, Sirona Biochem, an American biotechnology company, signed an agreement with Global Pharmaceutical Company, Canada to conduct clinical trials for a novel skincare product, TFC-1067, manufactured by Sirona Biochem. The aim of this clinical testing was to check the potential of TFC-1067 to reduce dark spots on the skin. Antifreeze proteins are used in skin creams and oils to maintain the stability of skincare products, thus new developments in cosmetic industry is expected to boost  growth of the antifreeze protein market across the globe.

Key features of the study:

  • This report provides an in-depth analysis of global antifreeze proteins market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global antifreeze proteins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
  • Key companies covered as a part of this study include Kaneka Corporation, Rishon Biochem Co., Ltd, Aqua Bounty Technologies, Inc., Sirona Biochem Corp., Unilever Plc., Nichirei Corporation, A/F Protein Inc., Kodera Herb Garden Co., ProtoKinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., and MyBiosource, Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global antifreeze proteins market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the antifreeze proteins market

Detailed Segmentation:

  • Global Antifreeze Proteins Market, By Product Type:
    • Type I
    • Type III
    • Antifreeze Glycoproteins
    • Others
  • Global Antifreeze Proteins Market, By Form:
    • Solid
    • Liquid
  • Global Antifreeze Proteins Market, By Source:
    • Fish
    • Recombinant
    • Bacteria
    • Fungi
    • Plant
    • Animals
  • Global Antifreeze Proteins Market, By End User:
    • Medical Industry
    • Food & Beverages Industry
    • Cosmetics Industry
    • Others
  • Global Antifreeze Proteins Market, By Region:
    • North America
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type:
        • Type I
        • Type III
        • Antifreeze Glycoproteins
        • Others
      • By Form:
        • Solid
        • Liquid
      • By Source
        • Fish
        • Recombinant
        • Bacteria
        • Fungi
        • Plant
        • Animals
      • By End User:
        • Medical Industry
        • Food & Beverages Industry
        • Cosmetics Industry
        • Others
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Kaneka Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Developments/Updates
      • Strategies
    • Rishon Biochem Co., Ltd
    • Aqua Bounty Technologies, Inc.
    • Sirona Biochem Corp.
    • Unilever Plc.
    • Nichirei Corporation
    • A/F Protein Inc.
    • Kodera Herb Garden Co.,
    • ProtoKinetix, Inc.
    • Shanghai Yu Tao Industrial Co., Ltd.
    • MyBiosource, Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Form
      • Market Snippet, By Source
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Porter’s Analysis
    • Industry Trends
    • Pipeline Analysis
    • Key Highlights
    • Antifreeze Proteins Pricing List
    • Regulatory Scenario
    • Global Supply Chain Analysis
  4. Global Antifreeze Proteins Market - Impact of Coronavirus (Covid-19) Pandemic
    • COVID-19 Epidemiology
    • Impact of COVID-19 on Demand and Supply of Antifreeze Proteins
    • Impact of Covid-19 on the Antifreeze Proteins Market
  5. Global Antifreeze Proteins Market, By Product Type, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 - 2028
      • Segment Trends
    • Type I
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Type III
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Antifreeze Glycoproteins
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
  6. Global Antifreeze Proteins Market, By Form, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 - 2028
      • Segment Trends
    • Solid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Liquid
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
  7. Global Antifreeze Proteins Market, By Source, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 - 2028
      • Segment Trends
    • Fish
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Recombinant
      • Bacteria
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
      • Fungi
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
      • Plant
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
      • Animals
        • Introduction
        • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
  8. Global Antifreeze Proteins Market, By End User, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, 2018 - 2028
      • Segment Trends
    • Medical Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Food & Beverages Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Cosmetics Industry
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2017 - 2028, (US$ Million)
  9. Global Antifreeze Proteins Market, By Region, 2017 - 2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2021 and 2028 (%)
      • Y-o-Y Growth Analysis, For Regions, 2018 - 2028
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country, 2017 - 2028 (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Product Type, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Form, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Source, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By End User, 2017 - 2028 (US$ Mn)
      • Market Size and Forecast, By Country/Region, 2017 - 2028 (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  10. Competitive Landscape
    • Company Profiles
      • Kaneka Corporation*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Strategies
      • Rishon Biochem Co., Ltd
      • Aqua Bounty Technologies, Inc.
      • Sirona Biochem Corp.
      • Unilever Plc.
      • Nichirei Corporation
      • A/F Protein Inc.
      • Kodera Herb Garden Co.,
      • ProtoKinetix, Inc.
      • Shanghai Yu Tao Industrial Co., Ltd.
      • MyBiosource, Inc.
    • Analyst Views

“*” marked represents similar segmentation in other categories in the respective section.

  1. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 30 market data tables and 25 figures on “Antifreeze Proteins Market” - Global Forecast to 2028.

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Frequently Asked Questions

The global antifreeze proteins market is expected to exhibit a CAGR of 34.8% during the forecast period (2021-2028).
The market is estimated to be valued at US$ 5.4 Mn in 2021.
Kaneka Corporation, Rishon Biochem Co., Ltd, Aqua Bounty Technologies, Inc., Sirona Biochem Corp., Unilever Plc., Nichirei Corporation, A/F Protein Inc., Kodera Herb Garden Co., ProtoKinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., and MyBiosource, Inc. are some of the prominent players operating in the market.
The market is expected to be valued at US$ 43.6 Mn in 2028.
North America is the prominent region in the market.
Increasing number product launches, rising demand and consumption of frozen food, increasing research and development activities by the market players, and increasing strategic collaborations among the market players are some of the driving factors, which are expected to drive growth of the market.
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