Press release
Global Marine Biotechnology market to reach $5.9 billion by 2022 with a CAGR of 6.3%
Global Marine Biotechnology market is expected to grow from $3.84 billion in 2015 to reach $5.9 billion by 2022 with a CAGR of 6.3%. The growth factor for marine biotechnology market is increase in the demand for natural products. The key drivers for the market are new applications of marine derived enzymes in cosmetics industry and use of marine algae and micro algae in bio-field production. The increase in demand for commodities has resulted in supply shortages and high prices in crude oil, steel and other metals. Developing countries face a challenge as they do not often have the established industrial infrastructure to act as sub-contractors. The market has also been witnessing increasing investments from venture capitalists. However, high R&D costs could pose a challenge to the market growth.Request a sample copy of Report @ http://www.orbisresearch.com/contacts/request-sample/224183
Healthcare/Biotechnology application segment is witnessing highest growth rate during the forecast period due to rising usage of marine products in food, cosmetics, and agriculture industries. The United States dominates the market with largest share as it is home to the developed marine research centres specializing in marine biotechnology.
Some of the key players in global Marine Biotechnology market include Aker BioMarine, BASF SE, BioLume Inc, Biotech Marine, CP Kelco US Inc, Cyanotech Corp., Elan Corp, FMC Corp., GlycoMar Ltd., Lonza Group Ltd., MariCal, Marinova, New England Biolabs Inc., Nutrex Hawaii, PharmaMar S.A, PML Applications Ltd., Royal DSM N.V, Sea Run Holdings Inc., and Tequesta Marine Biosciences
Products Covered:
Biomaterials
Bioactive Substances
Other Products
Applications Covered:
Consumer Products
Energy
Environment
Food & feed
Health Care/Biotechnology
Industrial Products
Public Services & Infrastructure
Other Applications
Browse Full Report with TOC@ http://www.orbisresearch.com/reports/index/marine-biotechnology-global-market-outlook-2016-2022
Sources Covered:
Corals and sponges
Macro algae
Marine fungi
Marine viruses
Micro algae
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
Rest of the World
Middle East
Brazil
Argentina
South Africa
Egypt
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