DUBLIN--(BUSINESS WIRE)--The "Antifreeze Proteins Market by Source (Fish, Plants, and Insects), End Use (Medical, Cosmetics, and Food), Type (Type I, Type III, and Antifreeze Glycoproteins), Form (Liquid and Solid), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The market for antifreeze proteins is estimated at USD 2.7 million in 2018 and is projected to reach USD 10 million by 2023, at a CAGR of 30%.
The rapid economic growth, as well as significantly growing medical and cosmetics industries in countries such as Japan and the US, has led to a significant increase in the demand for antifreeze proteins.
Technological advancements in the field of biotechnology in countries are leading to antifreeze protein product development activities for use in medical procedures such as cryosurgery, organ transplant, and vaccines.
The high cost of production and R&D expenditure and market consolidation limiting the free entry of new players are some of the restraints surrounding the antifreeze proteins market.
On the basis of form, the solid segment is projected to exhibit a higher CAGR from 2018 to 2023. The use of solid antifreeze protein for medical and cosmetic applications along with food applications such as ice creams is constantly growing. Many specific solid and dry antifreeze protein powders have been introduced, which enable ease of application and transportation.
The Type III segment is projected to grow at the highest CAGR in the antifreeze proteins market during the forecast period. The market is expected to grow with the growing technologies due to which the extraction process is getting easier. The growth of Type III antifreeze protein can also be attributed to its increasing demand for antiaging creams in the cosmetics industry.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Antifreeze Proteins Market Regulatory Framework
7 Antifreeze Proteins Market, By Type
8 Antifreeze Proteins Market, By Form
9 Antifreeze Proteins Market, By End Use
10 Antifreeze Proteins Market, By Source
11 Antifreeze Proteins Market, By Region
12 Company Profiles
- Aqua Bounty Technologies
- Sirona Biochem
- ProtoKinetix Inc.
- Kaneka Corp.
For more information about this report visit https://www.researchandmarkets.com/research/qbxqtw/global_antifreeze?w=4