#Antifreeze Proteins Market
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The Antifreeze Proteins Market is estimated at USD 10 million in 2023 and is projected to reach USD 50 million in 2028, at a CAGR of 37.2% from 2023 to 2028 according to a report published by MarketsandMarkets™. Factors driving the antifreeze proteins market include increasing freeze tolerance of plants by the introduction of AFPs, altering the harvest season in cold regions, enhancing fish farming in cooler climates, and the need of extending the shelf life of frozen foods. The introduction of antifreeze proteins in different food applications like ice creams and yogurts increases its demand in the food and cosmetics industry. With more and more people embracing a healthy lifestyle, the demand for fresh and frozen foods have increased, which fuels the need for antifreeze proteins in food application.
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Antifreeze Proteins Market Overview The Global Antifreeze Proteins market is anticipated to reach USD 50 million in 2028 growing at a CAGR of 37.2% during the forecasting period, 2023-2028.
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Antifreeze Proteins Market Future Business Opportunities 2023-2028
Global Antifreeze Protein Market - Impact of the Coronavirus (COVID-19) Pandemic
Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020.
For instance, according to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 172 million cases and 3.7 million deaths due to coronavirus (COVID-19) were reported till June 06, 2021, across the globe.
Impact of COVID-19 on Demand and Supply of Antifreeze Proteins
The COVID-19 pandemic and lockdown in various countries across the globe have negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has negatively impacted the entire supply chain of the pharmaceutical industry, food & beverage industry, cosmetics industry, and others mainly due to strict lockdown in several regions. However, the demand for antifreeze proteins is increasing in this COVID-19 pandemic due to a growing need of development of new vaccine candidates for treatment of coronavirus cases. For instance, according to the Business Standard Report 2020, there is an increased pressure on the governments all around the world to ensure proper storage and transport facilities for distribution of newly approved COVID-19 vaccines. For instance, according to the Centers for Disease Control and Prevention (CDC), Pfizer vaccine need to be stored at a very low temperature of about -70 degree Celsius. Antifreeze proteins are used to maintain the structural stability of vaccines stored under subzero temperature conditions.
Thus, impact of the coronavirus (COVID-19) pandemic is expected to boost growth of the global antifreeze proteins market during the forecast period, owing to the increased demand of antifreeze proteins for storage of COVID-19 vaccines.
The increasing product launches and approvals are the major factors that are expected to drive the market growth over the forecast period
The increasing launches of products and approvals are expected to drive growth of the global antifreeze proteins market over the forecast period. For instance, in May 2021, AquaBounty Technologies, a U.S. biotechnology company launched genetically engineered salmon, which is the first of its kind in the world and also the only one to be currently available for commercial harvest. This newly developed genetic modification technology will enable the company to produce 70% more salmon than the traditional methods of spawning and breeding. A boost in product launches in the field of frozen fish is expected to boost the antifreeze protein market as these proteins are widely used as a preservative for storage of frozen fish.
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Antifreeze Protein Market Segmented On The Basis Of Form, Type, End-Use, Source, Region And Forecast To 2030: Grand View Research Inc.
San Francisco, 5 Sep 2023: The Report Antifreeze Proteins Market Size, Share & Trends Analysis Report By Form (Solid, Liquid), By Type (Type I, Type III, Antifreeze Glycoprotein), By End-use (Medical, Food, Cosmetics), By Source, By Region, And Segment Forecasts, 2022 – 2028 The global antifreeze protein market size is expected to reach USD 34.9 million by 2028, registering a CAGR of 27.5%…
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#Antifreeze Protein Industry#Antifreeze Protein Market#Antifreeze Protein Market 2022#Antifreeze Protein Market 2028#Antifreeze Protein Market Revenue#Antifreeze Protein Market Share#Antifreeze Protein Market Size
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Antifreeze Proteins Market Forecast and Outlook (2024-2031)
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The Antifreeze Proteins Market is estimated at USD 10 million in 2023 and is projected to reach USD 50 million in 2028, at a CAGR of 37.2% from 2023 to 2028 according to a report published by MarketsandMarkets™. Factors driving the antifreeze proteins market include increasing freeze tolerance of plants by the introduction of AFPs, altering the harvest season in cold regions, enhancing fish farming in cooler climates, and the need of extending the shelf life of frozen foods. The introduction of antifreeze proteins in different food applications like ice creams and yogurts increases its demand in the food and cosmetics industry. With more and more people embracing a healthy lifestyle, the demand for fresh and frozen foods have increased, which fuels the need for antifreeze proteins in food application.
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❄️🔬 Frosty Marvels Unleashed: Journey into the Antifreeze Proteins Wonderland! ✨❄️
Hey Cool Cats! 🐾❄️ Ready to explore the Antifreeze Proteins Market with me? Let's unravel the science behind these icy wonders and discover how they're shaping a frost-tastic future! 🚀🔍 #ChillChampions #FrostForward ❄️🌈
❄️🌬️ Breaking the ice: Antifreeze proteins are the unsung heroes of the frozen world! From fish to plants, let's dive deep into the chilly realm where nature's antifreeze keeps things frosty without the freeze. 🌐🌿
🔍💎 Did you know? Antifreeze proteins don't just prevent ice crystals; they're like molecular superheroes ensuring life thrives in the iciest corners of the Earth. It's time to give props to these guardians of the cold! 🦠❄️
❄️🍦 Imagine the possibilities: craft the ultimate frosty treat, engineer super cool skincare, or even enhance the longevity of frozen delights! The Antifreeze Proteins Wonderland is where the coolest innovations come to life! 🍨✨ #FrozenInnovation #IceAgeMagic ❄️🚀
🌱❄️ Embrace the frost revolution! Join the journey into a world where antifreeze proteins take center stage, bringing cool vibes to both science and everyday life. 🌬️🌈 #CoolScience #IcyInnovations ❄️🌿
Ready to embark on a journey that's as frosty as it is fascinating? ❄️✨ Grab your mittens and let's explore the Antifreeze Proteins Wonderland together! 🧤❄️ #FrostExplorers #CoolCraze ❄️🚀
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The Antifreeze Proteins Market is estimated at USD 10 million in 2023 and is projected to reach USD 50 million in 2028, at a CAGR of 37.2% from 2023 to 2028 according to a report published by MarketsandMarkets
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