Antifreeze Protein Market by Type (Type I, Type III, Antifreeze Glycoprotein, and Other); Form (Solid, Liquid); Source (Fish, Insects, Plants, and Microorganism); Application (Medical, Cosmetics, Food & Beverages, and Other) - Global Forecast to 2030

The Antifreeze Protein Market is Projected to Reach $85.8 Million by 2030, at a CAGR of 33.4% from 2024 to 2030.

The antifreeze protein market is driven by factors such as the rising consumer demand for frozen food, increasing application of antifreeze protein in the medical industry, and growing adoption of antifreeze protein in different industries. However, high R&D expenditure and production costs are expected to hinder this market's growth to a certain extent.

Rising Consumer Demand for Frozen Food Products

The changing food consumption pattern has increased the demand for convenience food. Consumers prefer convenience food products, such as RTE and RTC food, due to their ease of preparation and consumption. The demand for ready-to-eat food products is increasing rapidly due to the drastic shift in dietary habits. Additionally, increasing urbanization is likely to boost the growth of this trend.

More than half of the world's population lives in urban areas. According to the United Nations World Urbanization Report, the urban population of the world has grown rapidly from 439,498,772 in 2015 to 471,031,528 in 2019, which indicates that almost 55% of the world’s population lives in urban areas. This proportion is expected to increase to 68% by 2050. As a result, urban consumers are gaining exposure to a wider choice and better food availability than those living in rural areas. Also, this urbanization trend is expected to contribute significantly toward improved living standards and rising incomes, which influences the affordability of frozen food products to a greater extent.

Furthermore, with the rising demand for frozen food, there will be higher adoption of antifreeze protein in the frozen food industry. Antifreeze proteins can modify ice growth, stabilizing ice crystals over a defined temperature range, inhibiting recrystallization, and reducing cellular damage. This safeguards the quality of frozen foods without structural and organoleptic alterations. Antifreeze protein is vital in ice cream, chilled fish and meat, frozen dough,  desserts, and other frozen food products.

Hence, the rising demand for frozen food products drives the growth of the antifreeze protein market.

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Key Findings in the Antifreeze Protein Market Study:

In 2024, the Type I Segment to Dominate the Antifreeze Protein Market

Based on type, the antifreeze protein market is segmented into Type I, Type III, antifreeze glycoprotein, and other antifreeze protein types. In 2024, the type I segment is expected to account for the largest share of the antifreeze protein market. The large market share of this segment is attributed to the increasing availability of fish protein, ease of use in different applications, and successful R&D practices.

In 2024, the Solid Form Segment is Expected to Account for the Larger Share

Based on form, the antifreeze protein market is segmented into solid and liquid. In 2024, the solid form is expected to account for the larger share of the antifreeze protein market. The large market share of this segment is attributed to its easy storage, increased application in frozen food, and easy availability of antifreeze protein in solid form.

Insects Segment to Witness the Fastest Growth During the Forecast Period

Based on source, the antifreeze protein market is segmented into fish, insects, plants, and microorganisms. The insect segment is projected to register the highest CAGR during the forecast period. The fast growth of this segment is mainly attributed to the growing demand for environment-friendly protein-rich food and the rising investments in edible insect farming.

In 2024, the Medical Segment to Dominate the Antifreeze Protein Market

Based on application, the antifreeze protein market is segmented into medical, cosmetics, food & beverages, and other applications. In 2024, the medical segment is expected to account for the largest share of the antifreeze protein market. The large market share of this segment is mainly attributed to the rising R&D from biotechnology and medical companies, increased application of antifreeze protein in cryopreservation and organ transplantation treatment, and functional properties of antifreeze protein suitable for medical treatments.

North America: The Dominating Regional Market

The antifreeze protein market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the antifreeze protein market. The large share of this regional market is attributed to the presence of key players and research institutes, well-established end-use industries, such as medical, food and beverages, and cosmetics, increasing demand for frozen food, and technological advancements.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years. Some of the key players operating in the global antifreeze protein market are 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).

Scope of the Report:

Antifreeze Protein Market, by Type

• Type I
• Type III
• Antifreeze Glycoprotein
• Other Antifreeze Protein Types

Antifreeze Protein Market, by Form

• Solid
• Liquid

Antifreeze Protein Market, by Source

• Fish
• Insects
• Plants
• Microorganisms

Antifreeze Protein Market, by Application

• Medical
• Cosmetics
• Food & Beverages
• Other Applications

Antifreeze Protein Market, by Region

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Lain America
• Middle East & Africa

Key Questions Answered in the Report: