A12481 | Pages: NA | Sep 2022 | 641 Views | ||
Author(s) : Onkar Sumant | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Marine Biotechnology Market
Request Now !Marine biotechnology is a growing field that comprises marine bio-medicines, including pharmaceuticals discovery, materials technology, bio remediation, marine biomedical model organism, genomics, bioinformatics, and molecular genetics. The prime motivation for this discipline is clearly derived from the enormous biodiversity and genetic life in sea. The marine environment is a rich source of both chemical and biological diversity. This diversity consists of compounds with the potential for industrial development such as in cosmetics, nutritional supplements, pharmaceuticals, molecular probes, enzymes, fine chemicals, and agrichemicals.
It comprises a broad range of categories such as marine environmental protection, genetics, marine bioactive substances, marine biomaterials, marine culture, fermentation engineering, and enzyme engineering. Although marine biotechnology market is in a nascent stage, it has untapped potential and promising growth prospect for future. The fundamental end user applications of marine products are industrial products, healthcare/biotechnology, consumer products, public services, and infrastructure. This technology lends maximum utilization of marine resources and also conserves and safeguards these resources. Marine biotechnological advancements have already resulted in some successes in diverse fields, including human health, pharmacology, fisheries, environmental recovery or restoration, food & cosmetics industries, agriculture, and chemistry.
Market Scope and Structure Analysis
Report Metric | Details |
 Market Size Available For Years |  2020-2030 |
 Base Year Considered |  2020 |
 Forecast Period |  2021-2030 |
 Forecast Unit |  Value(USD) |
 Segments Covered | Product Type, Application, End User Industry, and Region |
 Regions Covered |  North America, Europe, Asia-Pacific, LAMEA |
 Companies Covered | Aker BioMarine AS (Norway), BASF SE (Germany), CP Kelco (USA), Cyanotech Corp. (USA), GlycoMar Ltd. (UK), Lonza Group Ltd. (Switzerland), Marinova Pty Ltd (Australia), New England Biolabs Inc (USA), NovaMatrix (Norway), Nutrex Hawaii Inc., (USA), oceanBASIS GmbH (Germany), PharmaMar S.A (Spain), Prolume Ltd (USA), BioLume, Inc. (USA) |
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COVID-19 Impact Analysis
Top Impacting Factors
Market Trends
Europe dominated the marine biotechnology market due to technological advancements in marine biotechnology, growth in demand from the cosmetic industry, and increase in demand for the development of biofuels.
Marine biotechnology represents one of the youngest approaches to biotechnology. Rich biodiversity exists in the marine world and the organisms themselves include essential biochemical compounds with a broad variety of uses in medicine, climate, and other industries.
New applications of marine-derived enzymes in the cosmetics industry, the use of marine algae & microalgae for biofuel production, and the production of marine-derived polysaccharides, which are among the most abundant renewable biomaterials found on land and in the oceans, are the key drivers that are anticipated to boost the market growth.
Key Segments Covered
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Key Benefits of the Report
Questions Answered in the Marine Biotechnology Market Report
Key Market Segments
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Key Market Players
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