Marine Biotechnology Market Report Scope and Research Methodology
This detailed report offers a comprehensive analysis of the Global Marine Biotechnology Market, providing insights into market dynamics, growth drivers, and key players. It covers various aspects including market segmentation based on sources, end-users, and regional trends.
The report employs a rigorous research methodology combining qualitative and quantitative analyses. It includes an in-depth examination of market dynamics, demand-supply patterns, and the impact of key factors.
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Marine Biotechnology Market was valued at US$ 5.69 Bn. in 2022. Marine Biotechnology Market size is estimated to grow at a CAGR of 6.2% over the forecast period.
What are Marine Biotechnology Market Dynamics?
Market Dynamics: The global demand for Marine Biotechnology, particularly in the energy sector, is a key driver of market growth. Applications like Microbial Enhanced Oil Recovery (MEOR) and biodiesel production from microalgae are expected to significantly contribute to the market.
Market Opportunity: Marine Biotechnology ingredients are increasingly being used in cosmetics, providing unique solutions to beauty concerns. Marine microorganisms and their enzymes offer distinct advantages, making them valuable components in various cosmetic products.
Market Restraints: Stringent government regulations, high discovery costs, and technical barriers in the discovery process are identified as potential constraints for market growth.
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What is Marine Biotechnology Market Segmentation?
The Marine Biotechnology Market is divided into four categories, according to the Source: Marine Fungi, Marine Algae, Corals and Sponges, Marine Viruses, and Others. In 2022, the Marine Algae market category accounted for 29% of the total market. Marine algae are unexplored resources located in deep seas that are important in both primary and secondary sources for food, bioactive substances, and biodiesel. Due to its extensive range of adaptability, it offers a number of possibilities in a variety of scenarios.
The Marine Biotechnology Market is divided into the Food Industry, Cosmetics Industry, Chemical Industry, Medical and Pharmaceutical Industry, and Others based on the End-User. In 2022, the Medical and Pharmaceutical category accounted for 31% of the market. Infectious and chronic diseases are currently being treated more commonly with drugs made by microorganisms. Some of the most popular medicines made by microorganisms include penicillin, actinomycin, cephalosporins, streptomycin, and cyclosporin. An increase in research into the usage of marine organisms to produce various medications for various illnesses is anticipated to fuel market expansion. Additionally, during the course of the forecast period, the market for marine biotechnology is anticipated to develop due to rising biotechnology-based pharmaceutical production.
by Source
Marine Fungi
Marine Algae
Corals and Sponges
Marine Viruses
Other
by Application
Aquaculture and Fishery
Medicine
Environment
Biofuels
Others
by End-user
Medical and Pharmaceutical
Food Industry
Cosmetics Industry
Chemical Industry
Other
Who are Marine Biotechnology Market Key Players?
1. Aker Biomarine
2. BASF SE
3. Biolume Inc.
4. Biotech Marine
5. Cp Kelco
6. Cyanotech Corporation
7. Fmc Health and Nutrition
8. Lonza Group Ltd.
9. Marinova
10. New England Biolands Inc.
11. Nutrex Hawaii
12. Pharmamar Sa
13. Royal DSM N.V.
14. Sea Run Holdings Inc.
15. Tequesta Marine Biosciences
16. Nofima
17. GlycoMar
18. Prolume Ltd.
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Table of content for the Marine Biotechnology Market includes:
Part 01: Executive Summary
Part 02: Scope of the Marine Biotechnology Market Report
Part 03: Global Marine Biotechnology Market Landscape
Part 04: Global Marine Biotechnology Market Sizing
Part 05: Global Marine Biotechnology Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Regional Insights:
Europe led the market in 2022, accounting for 38% of the share. The region’s strong focus on research and development, coupled with a growing demand for natural products, is driving market growth. Additionally, the healthcare industry’s rapid expansion and increasing demand for marine products contribute to the market’s strength.
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic
perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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