Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Antifreeze Protein Market size is expected to reach $29 million by 2028, rising at a market growth of 25.7% CAGR during the forecast period.
The Type I segment is leading the Global Antifreeze Protein Market by Type 2021, thereby, achieving a market value of $18.51 Million by 2028. This is due to antifreeze proteins are extracted on a bigger scale from fish. Additionally, the DNA sequence of Type I antifreeze proteins may be easily recognized and is readily available in large amounts for investigation. All of these elements are projected to contribute to the segment's growth.
The Liquid segment has shown growth rate of 36.2% during (2022 - 2028). This is owing to rising demand in the food and pharmaceutical industries. Liquid form proteins have been studied and created for use in vaccinations and pharmaceutical production. Moreover, the wide range of applications for liquid antifreeze protein in the pharmaceutical industry is expected to provide considerable market potential.
The Fish segment acquired maximum revenue share in the Global Antifreeze Protein Market by Source 2021, thereby, achieving a market value of $25.5 Million by 2028. The easy availability of antifreeze proteins from fish, as well as the ease with which they may be extracted, are driving this market segment's expansion. Fishes are biologically very rich in various human essential elements and its intake significantly benefits the human body.
The Cosmetics segment is showcasing a CAGR of 27.4% during (2022 - 2028). This is because of the increased use of antifreeze proteins in cosmetics industry. Furthermore, the growing usage of antifreeze proteins in the cosmetics industry in Asian and European countries is expected to propel this category forward in the coming years.
The Asia Pacific market dominated the Global Antifreeze Protein Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10.7 Million by 2028. The Europe market is estimated to witness a CAGR of 25.2% during (2022 - 2028). Additionally, The North America market would experience a CAGR of 25.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Kaneka Corporation, Unilever PLC, Nichirei Corporation, A/F Protein Canada Inc., Sirona Biochem, Protokinetix, Inc., Shanghai Yu Tao Industrial Co., Ltd., Kodera herb garden co., ltd., Rishon Biochem Co., Ltd., and Mybiosource, Inc.
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