Marine Biotechnology expected to grow from $3.84 billion in 2015 to reach $5.9 billion by 2022 with a CAGR of 6.3%.

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(openPR) - A new research document with title 'Marine Biotechnology - Global Market Outlook (2016-2022)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like United States, EU, Japan, China, India, Southeast Asia . and important players/vendors such as Aker BioMarine, BASF SE, BioLume Inc, Biotech Marine . The report will help user gain market insights, future trends and growth prospects for forecast period of 2022

According to Research, the 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.

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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

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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
Sources Covered:
• Corals and sponges
• Macro algae
• Marine fungi
• Marine viruses
• Micro algae
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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