Marine Biotechnology Market 2019 by Company, Regions, Type and Application, Forecast to 202: Marinova, NEB, BiotechMarine, GlycoMar, Marine Biotech, Nofima, Sams, Aquapharm

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.

Scope of the Report:
Marine biotechnology is the industrial, medical or environmental application of biological resources from the sea. Since the marine environment is the most biologically and chemically diverse habitat on the planet, marine biotechnology has, in recent years delivered a growing number of major therapeutic products, industrial and environmental applications and analytical tools.
According to the report, the marine biotechnology market is still in its infancy and the boundaries for its quantification are indistinct since some of the marine biotechnology applications involve the use of non-marine bioresources.

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Marine Biotechnology can make an increasingly important contribution towards meeting societal challenges and supporting economic recovery and growth, by delivering new knowledge, products and services.

The global Marine Biotechnology market is valued at 3740 million USD in 2018 and is expected to reach 4600 million USD by the end of 2024, growing at a CAGR of 4.2% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.

North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Marine Biotechnology.

Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.

Growing usage of marine product in food, cosmetics, and agriculture industries is driving the market for marine biotechnology. Advances in drug discovery, fisheries, and aquaculture are also one of the factors driving the market. Lack of R&D investment in biotechnology is constraining the growth of the market. Lack of exploration in oceans is constraining the growth as many untold marine resources (animals and plants) are extinct even before their proper useful characteristics are discovered.

This report studies the Marine Biotechnology market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Marine Biotechnology market by product type and applications/end industries.

Market Segment by Companies, this report covers Marinova, NEB, BiotechMarine, GlycoMar, Marine Biotech, Nofima, Sams, Aquapharm

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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

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