Marine biotechnology is an innovative field of research in science and engineering that encompasses the use of marine bioresources for a multitude of applications, including the production of food, fuel, materials or specific, often bioactive, compounds and may contribute to green growth and sustainable industries and prosperous communities.Marine biotechnological advancements have already resulted in some successes in diverse fields, including human health, pharmacology, fisheries, environmental recovery or restoration, food and cosmetics industries, agriculture and chemistry. Examples of applications resulting from biotechnological developments include the use of (micro- and macro-) algae for the production of biofuels and the production of marine-derived polysaccharides, which are one of the most abundant renewable biomaterials found on land and in the oceans.
Market Analysis and Insights: Global Marine Biotechnology Market
Due to the COVID-19 pandemic, the global Marine Biotechnology market size is estimated to be worth US$ 5198 million in 2021 and is forecast to a readjusted size of US$ 5198 million by 2028 with a CAGR of 4.1% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Marine Biotechnology global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
The major players in global Marine Biotechnology market include Nofima, Sams, Aquapharm etc., and the market concentration rate is low. North America and Europe are main markets, they occupy over 60% of the global market. Marine Plant Technology is the main type, with a share about 60%. Pharmaceuticals and Nutritional Supplements are two key applications, they hold a share over 60%.
Global Marine Biotechnology Scope and Market Size
The global Marine Biotechnology market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Marine Biotechnology market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Marine Animal Technolog
Marine Plant Technology
Segment by Application
Cosmetics
Pharmaceuticals
Fine Chemical
Nutritional Supplements
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Marinova
NEB
BiotechMarine
GlycoMar
Marine Biotech
Nofima
Sams
Aquapharm