The global antifreeze proteins market is expected to post a CAGR of more
than 30% during the period 2019-2023, according to the latest market
research report by Technavio.
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Technavio has published a new market research report on the global antifreeze proteins market from 2019-2023. (Graphic: Business Wire)
A key factor driving the growth of the global antifreeze proteins market
is the rising number of commercial applications. The antifreeze proteins
are used in various commercial applications. In the agriculture sector,
it is used to increase the freeze tolerance of crops and extend the
harvest season in colder climates. Antifreeze proteins are also used to
enhance the shelf life of frozen foods and maintain the quality of F&B
products post-thawing. The application of antifreeze proteins is also
extended for the use in cryopreservation of organs and tissues before
transplant or transfusion. Thus, the wide range of commercial
applications of antifreeze proteins will propel their demand during the
forecast period.
As per Technavio, the technological advances in genome editing tools
will have a positive impact on the market and contribute to its growth
significantly over the forecast period. This global
antifreeze proteins market 2019-2023 research report also
analyzes other significant trends and market drivers that will affect
market growth over the forecast period.
Global antifreeze proteins market:
Technological advances in genome editing tools
Genome editing technology has evolved significantly over the years with
constant advances that support biological and biomedical research. The
proxy-CRISPR is one of the recent instances of advances in genome
editing tools, which addresses challenges of natural CRISPR systems.
While CRISPR systems are derived from bacteria and need re-engineering
to be used in human cells, the proxy-CRISPR provides a simple method to
increase its use without the need for re-engineering. Such advances in
genome editing tools will increase their adoption in biological and
biomedical research in various fields, including antifreeze proteins.
“Apart from the technological advances in genome editing tools, other
factors such as the increasing number of applications in the cosmetics
industry, and government initiatives to provide manufacturers with
improved aquaculture infrastructure will significantly impact the growth
of the antifreeze proteins market size during the forecast period,”
says a senior analyst at Technavio.
Global antifreeze proteins market: Segmentation
analysis
This market research report segments the global antifreeze proteins
market by application (healthcare, cosmetics, F&B, and others), and
geographic regions (North America, Europe, Asia, and ROW)
The North American region led the market in 2018, followed by Europe,
Asia, and ROW, respectively. The antifreeze proteins market growth in
North America can be attributed to the increasing availability of
antifreeze proteins, high expenditure on healthcare research, and the
presence of many national research institutions related to biotechnology
and life sciences in the US and Canada.
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Market Drivers
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- Vendors covered
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- Market positioning of vendors
- Competitive scenario
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