Global Marine Biotechnology Market Valued at US$ 5.69 Billion in 2022; Expected to Grow at a CAGR of 6.2%

11.09.2023 : 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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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?
Based on source, Marine Algae dominated the market in 2022, accounting for 29% of the market share. Their versatility in applications, from food to bioactive compounds and biodiesel, positions marine algae as a critical resource.

Based on end-user, the Medical and Pharmaceutical segment held the largest share, accounting for 31% in 2022. The use of microbially generated medications in treating infectious and chronic diseases is a significant factor driving this segment.

1. Global Marine Biotechnology Market Size, by Source (2022-2029)
• Marine Fungi
• Marine Algae
• Corals and Sponges
• Marine Viruses
• Other

2. Global Marine Biotechnology Market Size, by Application (2022-2029)
• Aquaculture and Fishery
• Medicine
• Environment
• Biofuels
• Others

3. Global Marine Biotechnology Market Size, by End-user (2022-2029)
• Medical and Pharmaceutical
• Food Industry
• Cosmetics Industry
• Chemical Industry
• Other

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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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