The market for antifreeze proteins (AFPs) is estimated at USD 4 million in 2020; it is projected to grow at a CAGR of 36.3% to reach USD 27 million by 2026. Antifreeze proteins inhibit ice growth and prevent recrystallization, hence averting tissue damage. Presently, antifreeze proteins have shown a lot of potential in commercial applications. The food industry is a significant sector where antifreeze proteins can be applied. Using the methods and the protocols of transgenesis, antifreeze proteins can be introduced into a variety of organisms and plants in order to enhance their resistance to cold. Antifreeze proteins function in two ways by lowering the freezing point of water as well as preventing the growth of ice crystals and recrystallization during frozen storage. These proteins are required in relatively small amounts to exhibit their functional activity, which suggests AFPs as possible additives for foods in the future.
The antifreeze proteins market is dominated by few globally established players such as Nichirei Corporation. (Japan), Kaneka Corporation (Japan), A/F Protein Inc. (US), Sirona Biochem (Canada), Unilever (Netherlands), and ProtoKinetix, Inc. (US). These players have adopted growth strategies such as expansions and aquisitions to increase their presence in the global market.
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Nichirei Corporation is a leading food processing and logistics company based in Japan. The company’s major segments include processed foods, marine, meat and poultry products, logistics, and biosciences. The company’s key subsidiaries include Nichirei Foods Inc. (Japan), Nichirei Fresh Inc. (Japan), Thermotraffic UK Ltd (UK), Surapon Foods Co., Ltd (Thailand), and Nichirei U.S.A, LLC. (US). The company strives to develop quality products in order to ensure the long-term storage of food and, at the same time, preserve the original quality of the raw ingredients used. The company has a strong focus on the safety and quality of the products that it delivers. It also has complied with the various applicable food safety regulations across its global locations.
A/F Protein Inc. (Canada) is one of the world’s leading commercial producers of antifreeze proteins purified from natural sources. The company mainly offers its products to research & development companies and other industries such as food processing. Over the years, the company has gained exclusive rights to patents controlling many significant uses of AFPs. Thus, the company has developed a significant customer base in the global market. A/F Protein Inc. (Canada) is one of the leading players in the antifreeze proteins market and is a leading exporter of the same.
Kaneka Corporation (Japan) manufactures and provides chemicals, synthetic resins, and plastics. It operates through the following segments: chemicals, functional plastics, expandable plastics and products, foodstuffs products, life science products, electronic products, synthetic fibers, and others. Antifreeze products are manufactured under the company’s chemicals segment. Kaneka Corporation (Japan) has obtained patents for antifreeze proteins, which state that an antifreeze protein has an antifreezing activity suitable for practical use and can be efficiently and constantly provided through a safe process that is usable in food production. The invention by the company also provides an antibody reacting specifically with the aforesaid antifreeze protein, and composition, a food, a biosample-protecting agent and a cosmetic, each containing the antifreeze protein.
Antifreeze Proteins Market by Type (Type I, Type III, and Antifreeze glycoproteins), Form (Solid, and Liquid), End-use (Medical, Food and Cosmetics), Source (Fish, Plants, and Insects) & Region - Global Forecast to 2026
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