Marine Biotechnology Market Analysis, Trends, Growth, Research And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Marine Biotechnology Global Market Report 2023 identifies the increase in demand for marine biotechnology in the energy sector as the major driver for the marine biotechnology market's growth in the forecast period. The energy sector is a group of businesses that participate in extracting, refining, or providing consumable fuels like coal, oil, and gas. Marine biotechnology contributes to the development of more efficient and ecologically friendly energy systems, such as those that use marine microbes to convert trash into electricity and microalgae to produce biofuels. Marine biotechnology is important in the energy sector because it uses marine organisms' unique features and capabilities for various applications, such as Biofuel generation, marine renewable energy, biodegradable products, and bioremediation. Thus, an increasing energy sector will boost the growth of the marine biotechnology market.

The global marine biotechnology market size is expected to grow from $5.35 billion in 2022 to $5.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global marine biotechnology market size is expected to reach $7.69 billion in 2027 at a CAGR of 7.4%.

Download Free Sample Of Marine Biotechnology Market Report - https://www.thebusinessresearchcompany.com/sample_request?id=10814&type=smp

Major competitors in the marine biotechnology market are Cyanotech Corporation, CP Kelco US Inc., PharmaMar S.A., Sea Run Holdings Inc., Nofima, New England Biolabs Inc., Lonza Group Ltd., NovaMatrix, GlycoMar Ltd., SEPPIC, Marinova Pty. Ltd., Prolume Ltd., Aker Biomarine, BASF SE, Nutrex Hawaii Inc., Royal DSM N.V, and Tequesta Bioventures.

A key trend in the marine biotechnology market includes product innovation. Major companies operating in the marine biotechnology market are focused on innovating new products to strengthen their position in the market. For instance, in January 2021, Jellagen, a UK-based marine biotechnology company, launched jellyfish collagen hydrogel JellaGel, the first collagen type 0 hydrogel. A 3-dimensional hydrogel makes a significant difference by allowing cells to develop and interact with their environment. It has been demonstrated that 3D-grown cells exhibit better cell viability, morphology, proliferation, and differentiation than 2D-grown cells. The development of JellaGel as a potential matrix for new drug screening models or in the creation of human tumor xenograft models as part of cancer drug discovery programs is made possible by these crucial qualities. This new biomaterial, Collagen Type 0, is a chemical invention that offers the market an effective substitute for the traditional scaffold supplies utilized in 3D cell culture. The distinct qualities of JellaGel will now be used by researchers.


Read More On The Global Marine Biotechnology Market Report Here:
https://www.thebusinessresearchcompany.com/report/marine-biotechnology-global-market-report

The marine biotechnology market is segmented -
• By Type: Bio Active Substance, Bio Materials

• By Source: Corals And Sponges, Algae, Marine Viruses, Marine Fungi, Other Sources

• By Technology: Isolation And Cultivation of Microorganisms, Culture-Independent Techniques

• By Application: Aquaculture And Food Products, Environment And Human Health, Drug Discovery

• By End User: Medical And Pharmaceutical, Food Industry, Cosmetic Industry, Chemical Industry, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.Europe was the largest region in the marine biotechnology market.

The Business Research Company's "Global Marine Biotechnology Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

Explore Buying Options For The Marine Biotechnology Market Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=519

The Table Of Content For The Marine Biotechnology Market Include:
1. Executive Summary
2. Marine Biotechnology Market Characteristics
3. Marine Biotechnology Market Trends And Strategies
4. Marine Biotechnology Market - Macro Economic Scenario
5. Marine Biotechnology Market Size And Growth
……
26. Africa Marine Biotechnology Market
27. Marine Biotechnology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Marine Biotechnology Market
29. Marine Biotechnology Market Future Outlook and Potential Analysis
30. Appendix

Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.

This release was published on openPR.