Published Date: 2020-03-02 | Pages: 113 | Tables: 143 | Report ID: 7668 | Industry: Chemical & Material | Format :
With the technological innovations constantly taking place, manufacturers are introducing various novel ingredients to meet the needs of the customers or end-use industries. One such instance is Antifreeze Proteins. Antifreeze Proteins (AFP) are gaining popularity across industries ranging from food, medical, to cosmetics.
Companies to Develop Cost-effective Methods for Antifreeze Proteins Manufacturing
While the Antifreeze Proteins market is still in its nascent stage, some companies have established their presence in the market. They include Unilever, Kaneka, and Global Fresh Biotech. It has been anticipated that the manufacturers of Antifreeze Proteins (AFP) are likely to focus on developing cost-effective and simplified methods to manufacture Antifreeze Proteins. They are also focusing on expanding their distribution channel by establishing facilities across regions.
Expanding Application Scope in the Healthcare Industry to Drive the Market further
Due to increasing incidence of chronic diseases like cancer and diabetes, the need for novel therapeutics and medicines is increasing. This is eventually fuelling the application of Antifreeze Proteins (AFP) in the pharmaceutical industry to develop new drugs. Technological advancements in biotechnology and extensive R&D by the manufacturers are anticipated to positively impact the growth of the Antifreeze Proteins market.
By Product Type
● Fish AFPs
● Insect AFPs
● Plant AFPs
● Sea Ice Organisms AFPs
The medical industry forms the key application of Antifreeze Proteins (AFP) as these are widely used in medical procedures like organ transplantation and cryopreservation. Moreover, pharmaceutical and biotechnology companies are increasingly investing in R&D, which is positively driving the medicine application segment. Antifreeze proteins are also gaining popularity in the frozen food industry to prevent the structure of animal or vegetal foods from getting damaged. The report also provides detailed analysis of the product types including fish, sea ice organisms, plant, and insect AFPs.
Growth of aquaculture in North America is likely to offer lucrative opportunities for the regional Antifreeze Proteins market. Additionally, well-established healthcare sector and increasing investments in medical research will drive the Antifreeze Proteins market in North America. The US, Germany, and UK are considered the leading markets of Antifreeze Proteins. Growing medical and cosmetic industries in Japan may raise the demand for Antifreeze Proteins in the APAC region in the years to come.
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