Growth opportunities and latent adjacency in Antifreeze Proteins Market

The antifreeze proteins market stood at USD 1.9 million in 2017; it is projected to grow at a CAGR of 30.0% from 2018, to reach USD 10.0 million by 2023.

(EMAILWIRE.COM, February 04, 2020 ) The antifreeze proteins market is estimated at USD 2.7 million in 2018, and it is projected to grow at a CAGR of 30.0% from 2018 to 2023. The market is segmented on the basis of form, source, end-use, type, and region. The forms of antifreeze protein include solid and liquid. This market has also been segmented on the basis of end-use into medical, cosmetics, and food. The types studied are Type I, Type III, and antifreeze glycoprotein. It has also been segmented on the basis of source into fish, plants, and insects. On the basis of key regions, the market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW) which includes South America and the Middle East & Africa.

A strong growth potential in anti-aging skin care products, advancements in technology to enhance fish farming in cooler climates, and the use of antifreeze proteins as effective chemical adjuvants in cryosurgery are driving the market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264931272

Based on source, the insects segment is estimated to be the fastest-growing market from 2018 to 2023. Insects are important sources for the extraction of antifreeze proteins used in medical applications such as cryosurgery, organ transplant, and vaccinations. The significance of using antifreeze proteins in various food products is characterized by the type of antifreeze protein they produce, their functional properties, and the numerous benefits associated with their use in commercial applications.
On the basis of form, the solid segment is projected to be the fastest-growing from 2018 to 2023, because ease of use and storage are characteristics offered by solid antifreeze proteins, which fuels the demand for this form.

Based on end-use, the cosmetics segment is expected to be the fastest-growing during the forecast period. This growth is mainly associated with the growing demand for the use of natural ingredients in products such as anti-aging creams in the cosmetics industry.

The North American region is expected to be the fastest-growing market for antifreeze protein between 2018 and 2023. Factors such as the demand for antifreeze proteins in medical, cosmetics, and food applications, coupled with advancements in the technology used for antifreeze protein extraction are changing rapidly in the North American region.

Make an Inquiry:
https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=264931272

Demand for custom-made solutions to suit new applications drives manufacturers to invest more in R&D innovation, which serves as an opportunity for the antifreeze proteins market. Companies have increased their investment in research & development to modify the formulation of existing products and meet the changing customer requirements, particularly in the cosmetics and vaccination industries.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.