What is the global market size of Marine Biotechnology Market?

Marine Biotechnology Market size was valued at USD 5.43 billion in 2021 and is poised to grow from USD 5.80 billion in 2022 to USD 9.82 billion by 2030, at a CAGR of 6.8% during the forecast period (2023-2030).

Marine Biotechnology Companies

Q: Which region accounted for the largest share in Marine Biotechnology Market?

North America dominated the global marine biotechnology market, owing to its well-developed infrastructure and favorable government initiatives to promote the use of marine resources in biotechnology research. The United States is the largest market in this region, with a significant number of marine biotechnology companies and research organizations.

Marine Biotechnology Market Competitive Landscape

Global Marine Biotechnology Market is highly competitive, with a number of key players operating in the market. Some of the major players in the market are focusing on various strategies such as partnerships, collaborations, mergers and acquisitions, and new product launches to gain a competitive edge in the market. For instance, in February 2021, Lonza Group Ltd. acquired HansaBioMed Life Sciences Ltd. to expand its capabilities in the development and production of biological therapeutics. Moreover, several research institutions and universities are also actively involved in marine biotechnology research and development, leading to the creation of new companies and startups in the market. The growing number of research activities in the field is expected to drive innovation and competitiveness in the market.

Top Player’s Company Profiles in Marine Biotechnology Market

BASF SE (Germany)

CP Kelco (US)

Cyanotech Corporation (US)

DowDuPont Inc. (US)

FMC Corporation (US)

Lonza Group AG (Switzerland)

Marinova Pty Ltd (Australia)

New England Biolabs Inc. (US)

Novozymes A/S (Denmark)

PML Applications Ltd (UK)

PharmaMar S.A. (Spain)

Seppic (France)

Solutex GC (Spain)

Sonneborn LLC (US)

The Lubrizol Corporation (US)

The Scottish Association for Marine Science (UK)

Thermo Fisher Scientific Inc. (US)

Tiger Brands Limited (South Africa)

Unilever NV (Netherlands)

Xiamen Kingdomway Group Co. Ltd. (China)

Marine Biotechnology Market

FAQs

Marine Biotechnology Market size was valued at USD 5.8 billion in 2022 and is poised to grow from USD 6.19 billion in 2023 to USD 10.49 billion by 2031, growing at a CAGR of 6.80% during the forecast period (2024-2031).

Marine Biotechnology Market is highly competitive, with a number of key players operating in the market. Some of the major players in the market are focusing on various strategies such as partnerships, collaborations, mergers and acquisitions, and new product launches to gain a competitive edge in the market. For instance, in February 2021, Lonza Group Ltd. acquired HansaBioMed Life Sciences Ltd. to expand its capabilities in the development and production of biological therapeutics. Moreover, several research institutions and universities are also actively involved in marine biotechnology research and development, leading to the creation of new companies and startups in the market. The growing number of research activities in the field is expected to drive innovation and competitiveness in the market. 'BASF SE (Germany)', 'CP Kelco (US)', 'Cyanotech Corporation (US)', 'DowDuPont Inc. (US)', 'FMC Corporation (US)', 'Lonza Group AG (Switzerland)', 'Marinova Pty Ltd (Australia)', 'New England Biolabs Inc. (US)', 'Novozymes A/S (Denmark)', 'PML Applications Ltd (UK)', 'PharmaMar S.A. (Spain)', 'Seppic (France)', 'Solutex GC (Spain)', 'Sonneborn LLC (US)', 'The Lubrizol Corporation (US)', 'The Scottish Association for Marine Science (UK)', 'Thermo Fisher Scientific Inc. (US)', 'Tiger Brands Limited (South Africa)', 'Unilever NV (Netherlands)', 'Xiamen Kingdomway Group Co. Ltd. (China)'

With the increasing awareness of environmental concerns and sustainability, there is a growing demand for eco-friendly products across various industries. Marine biotechnology offers a range of sustainable and eco-friendly solutions, such as marine-derived enzymes for industrial applications, biofuels, and bioplastics. For instance, a company called Algix produces bioplastic materials from algae, which are biodegradable and sustainable alternatives to traditional plastic materials.

Marine Biomaterials - The use of marine-derived biomaterials is an emerging trend in the marine biotechnology market, with numerous potential applications in the fields of medicine, tissue engineering, and regenerative medicine. For instance, marine collagen has been shown to have superior properties compared to mammalian collagen and is being explored as a potential biomaterial for use in wound healing and tissue regeneration.

North America dominated the marine biotechnology market, owing to its well-developed infrastructure and favorable government initiatives to promote the use of marine resources in biotechnology research. The United States is the largest market in this region, with a significant number of marine biotechnology companies and research organizations.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Marine Biotechnology Market Competitive Landscape

Marine Biotechnology Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Marine Biotechnology Market Competitive Landscape

Marine Biotechnology Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Marine Biotechnology Market?

Who are the key vendors in the Marine Biotechnology Market?

What is the key driver of Marine Biotechnology Market?

What is the key market trend for Marine Biotechnology Market?

Which region accounted for the largest share in Marine Biotechnology Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300