Global Blue Biotechnology Market 2021-2025

Global Blue Biotechnology Market 2021-2025

Technavio has been monitoring the blue biotechnology market and it is poised to grow by $ 3.58 bn during 2021-2025, progressing at a CAGR of 7.15% during the forecast period. Our report on the blue biotechnology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing cancer incidence rates driving the demand for unconventional drugs and increasing use of blue biotechnology for producing molecular probes. In addition, increasing cancer incidence rates driving the demand for unconventional drugs is anticipated to boost the growth of the market as well.

The blue biotechnology market analysis includes the application segment and geographic landscape.

Technavio's blue biotechnology market is segmented as below:

By Application

• Pharmaceuticals
• F and B
• Others

By Geographical Landscape

• North America
• Europe
• Asia
• ROW

This study identifies the rising number of commercial applicationsas one of the prime reasons driving the blue biotechnology market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on blue biotechnology market covers the following areas:

• Blue biotechnology market sizing
• Blue biotechnology market forecast
• Blue biotechnology market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading blue biotechnology market vendors that include AKER BIOMARINE AS, Archer Daniels Midland Co., BASF SE, Bawa Fishmeal and Oil Co., CP Kelco US Inc., Cyanotech Corp., Glyco Mar, KD Pharma Group SA, Marshall Marine Products, and Sea Run Holdings Inc. Also, the blue biotechnology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

AKER BIOMARINE AS, Archer Daniels Midland Co., BASF SE, Bawa Fishmeal and Oil Co., CP Kelco US Inc., Cyanotech Corp., Glyco Mar, KD Pharma Group SA, Marshall Marine Products, Sea Run Holdings Inc.