Growth Strategies Adopted by Major Players in the Antifreeze Protein Market

The antifreeze proteins market 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. The antifreeze proteins market is driven by their rising usage in the frozen food products globally. They also facilitate the cold storage of fresh food for trade which ensures the maintenance of food quality till the food reaches the end users thus their usage is growing.

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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 market.

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 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.

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.

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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 antifreeze proteins market 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. The antifreeze proteins market is driven by their rising usage in the frozen food products globally. They also facilitate the cold storage of fresh food for trade which…

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