Global Antifreeze Proteins Market is valued USD 1.92 million in 2017 is anticipated to grow USD 16.65 Million with the compounded annual growth of 31% over the forecast period 2018-2025.
New York 10 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Antifreeze Proteins Market industry is poised to raise USD 16.65 Million by 2025. 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. Europe and North America are estimated to be the dominant regions in the antifreeze proteins market in 2018. North America has several national research institutes which support biotechnology and life sciences research which in turn supports the growth of the antifreeze proteins market, identifying new areas of applications. However, North America is projected to be the fastest-growing market during the forecast period, due to increased awareness and government funding for proteomics and life sciences research and increasing R&D investments in the region.
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Global Antifreeze Proteins Market Size study, Type (Type I, Type III, Antifreeze Glycoproteins), by Form (Solid, Liquid), by End Use (Medical, Cosmetics, Food), by Source and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players Kaneka Corporation, Aqua Bounty Technologies, Sirona Biochem., Unilever, Protokinetix Inc. and so on.. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Europe and North America are estimated to be the dominant regions in the antifreeze proteins market.
- North America is projected to be the fastest-growing market during the forecast period.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Type I
- Type III
- Antifreeze Glycoproteins
By End Use:
- North America
- Asia Pacific
- Latin America
- Rest of the World