Marine Biotechnology Market, By Product Type (Functional Food, Feed Additives, Nutraceuticals, Cosmetics & Personal Care, Pharma & Biotech), By Application (Food & Beverages, Animal & Aquaculture Feed, Cosmetics & Personal Care, Pharmaceuticals, Nutraceuticals & Dietary Supplements), By Source (Microalgae, Macroalgae, Cyanobacteria, Diatoms, Sponges), By geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Marine biotechnology involves the study and utilization of marine organisms, including microorganisms, algae, and marine animals, to develop new products and processes that can address various challenges and meet the growing demands of the global market. The marine environment is a rich source of bioactive compounds with unique properties and functionalities. These compounds have shown immense potential in the development of novel drugs, functional ingredients, and sustainable solutions. The increasing demand for natural and eco-friendly products, coupled with advancements in biotechnology and genomics, has further fueled the growth of the marine biotechnology market.
Market Dynamics:
The marine biotechnology market is a rapidly growing sector that harnesses the potential of marine organisms and their derivatives for various applications in industries such as pharmaceuticals, cosmetics, food and beverages, and agriculture. The market is driven by factors such as the rising prevalence of chronic diseases, the need for sustainable and eco-friendly solutions, and the growing demand for natural and organic products. Additionally, the exploration of unexplored marine habitats and the discovery of new species and their bioactive compounds are expected to create lucrative opportunities for market growth.
However, the market also faces certain challenges, including the high cost of research and development, regulatory complexities, and the limited availability of marine resources. Moreover, the ethical and environmental concerns associated with the extraction and utilization of marine organisms pose challenges to the sustainable growth of the market.
Key features of the study:
This report provides in-depth analysis of the global marine biotechnology market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global marine biotechnology market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include BASF, CP Kelco, Cyanotech Corp., Kerry Group, Corbion, FMC Corp , Marine Biotech, Royal DSM, L'Oréal, and Biotech Marine
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global marine biotechnology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global marine biotechnology market
Detailed Segmentation:
By Product Type
Functional Food
Feed Additives
Nutraceuticals
Cosmetics & Personal Care
Pharma & Biotech
By Application
Food & Beverages
Animal & Aquaculture Feed
Cosmetics & Personal Care
Pharmaceuticals
Nutraceuticals & Dietary Supplements
By Source
Microalgae
Macroalgae
Cyanobacteria
Diatoms
Sponges
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Key Players
BASF
CP Kelco
Cyanotech Corp.
Kerry Group
Corbion
FMC Corp
Marine Biotech
Royal DSM
L'Oréal
Biotech Marine
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Marine Biotechnology, By Product Type
Market Marine Biotechnology, By Application
Market Marine Biotechnology, By Source
Market Marine Biotechnology, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Growing consumer demand
High R&D costs
Expanding application of marine-derived polysaccharides
Impact Analysis
Key Highlights
Regulatory Scenario
Product launch/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Marine Biotechnology Market – Impact of Coronavirus (COVID-19) Pandemic