Market players are occupied with inorganic activities, for example, acquisitions and partnerships, which are supposed to drive the development of the antifreeze proteins market. For instance, in June 2017, AquaBounty Technologies, Inc., a U.S. biotechnology organization declared acquisition of the farming facility of Bell Fish Company in Indiana, which would empower it to create its eco-friendly AquAdvantage Salmon at a commercial scale interestingly.
The increasing demand for systems like assisted reproductive technology (ART) is supposed to fuel the development of the global antifreeze protein market, as these antifreeze proteins are utilized as a cryoprotectant specialists. Antifreeze proteins guarantee that the design of frozen egg, sperm, or incipient organism is not harmed during capacity at freezing temperature conditions. For instance, according to the Centers for Disease Control and Prevention (CDC) Report 2018, north of 300,000 assisted reproductive cycles were performed in the U.S. in 2018, where around 100,000 resulting eggs or incipient organisms were frozen for some time later. Along these lines, the need for cryoprotectant specialists for the capacity of frozen cells in the blooming assisted reproductive innovation industry is supposed to reinforce the development of the global antifreeze proteins market.
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Impact of Coronavirus (COVID – 19) Pandemic
COVID-19 flare-up was first investigated on December 31, 2019, in Wuhan, China. According to the WHO, more than 172 million cases, and 3.7 million deaths because of Coronavirus (COVID-19) were accounted for up till June 06, 2021, across the globe.
The COVID-19 pandemic has impacted a few markets across the globe and is additionally expected to influence the antifreeze proteins market. The demand for antifreeze proteins is supposed to increase during the pandemic, as recently created COVID-19 vaccines are required to be put away at freezing temperature conditions, which can be achieved using antifreeze proteins. For instance, according to an article published by Specialist Pharmacy Service, NHS (National Health Service) on March 5, 2021, Moderna Vaccine is required to be put away at a temperature of – 25 to – 15 degrees Celsius for a maximum time span of usability. Antifreeze proteins help in maintaining the stability of these vaccines by preventing ice formation at freezing temperature conditions, this is supposed to fuel the development of the global antifreeze protein market over the figure period.
In addition, acknowledgment of clinical studies for improvement of new products in industries like food and beverages and cosmetics is supposed to drive the demand for antifreeze proteins over the figure period. For instance, in October 2020, the clinical studies introduced by Sirona were acknowledged by the Journal of Cosmetic Dermatology, which is the official source of scientific innovations and examination for the Canadian Association of Esthetic Medicine (CAAM) and the International Academy of Cosmetic Dermatology (IACD).
Key Takeaways of the Global Antifreeze Proteins Market:
- The global antifreeze proteins market is supposed to exhibit a CAGR of 34.8% over the estimated period (2021-2028). Among regions, North America is supposed to represent a significant market share over the estimated period (2021-2028), owing to the enormous production of frozen food and beverages. For instance, according to information published by the International Dairy Foods Association, in 2017, around 1.4 billion gallons of ice cream and other frozen pastries like sorbets, popsicles, cupcakes, and others were delivered in the U.S. Antifreeze proteins are utilized as a preservative, while producing frozen treats, consequently, growing production of frozen sweets is supposed to fuel the market development of antifreeze proteins.
- Key market players include MyBiosource, Inc., Shanghai Yu Tao Industrial Co., Ltd., ProtoKinetix, Inc., Kodera Herb Garden Co., A/F Protein Inc., Nichirei Corporation, Unilever Plc., Sirona Biochem Corp., Aqua Bounty Technologies, Inc., Rishon Biochem Co., Ltd, and Kaneka Corporation.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Antifreeze Proteins Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Antifreeze Proteins Industry Impact
Chapter 2 Global Antifreeze Proteins Competition by Types, Applications, and Top Regions and Countries
2.1 Global Antifreeze Proteins (Volume and Value) by Type
2.3 Global Antifreeze Proteins (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Antifreeze Proteins Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Antifreeze Proteins Market Analysis
Chapter 6 East Asia Antifreeze Proteins Market Analysis
Chapter 7 Europe Antifreeze Proteins Market Analysis
Chapter 8 South Asia Antifreeze Proteins Market Analysis
Chapter 9 Southeast Asia Antifreeze Proteins Market Analysis
Chapter 10 Middle East Antifreeze Proteins Market Analysis
Chapter 11 Africa Antifreeze Proteins Market Analysis
Chapter 12 Oceania Antifreeze Proteins Market Analysis
Chapter 13 South America Antifreeze Proteins Market Analysis
Chapter 14 Company Profiles and Key Figures in Antifreeze Proteins Business
Chapter 15 Global Antifreeze Proteins Market Forecast (2022-2028)
Chapter 16 Conclusions
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