1 July 2019 - Global Marine Biotechnology Market is anticipated to witness an exponential growth in the forecast period. Marine Biotechnology refers to a developing field encompassing materials technology, marine biomedicine, bioinformatics, marine biomedical model organisms, bioremediation, molecular genetics, genomics, and others.

The factors that propel the growth of the market include increasing demand for natural compounds in cosmetic industry, the surge in demand for biofuel, rising healthcare segment, and fast growth and increasing healthcare industry. On the other hand, there is a factor that may hamper the growth of the market including lack of R&D investment in biotechnology. Marine biotechnology market is anticipated to expand at a significant CAGR of 7.15% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The key applications that could be explored in the market include Cosmetics, Pharmaceuticals, Nutritional Supplements, and Fine Chemical. The “Cosmetics” segment led the marine biotechnology market in 2017 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes increasing investment by key players and other aspects like dietary and healthy supplements because they are rich in proteins, amino acids, vitamins, and minerals etc. The market could be explored based on the end user as Healthcare/Biotechnology, Industrial products, Energy & Infrastructure, Consumers’ products, and Others.

North America accounted for the major share of the marine biotechnology market in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing funding for R&D to develop novel drugs from bio-based products, increasing focus on the manufacture of algae-derived biotechnology and increasing the consciousness about the benefits of marine-derived products. North America is followed by Asia-Pacific and European region.

Some of the key players that fuel the growth of the marine biotechnology market comprise CP Kelco US Inc, Aker BioMarin, Sea Run Holdings Inc., Elan Corp, GlycoMar Ltd., FMC Corp., Lonza Group Ltd., MariCal, Tequesta Marine Biosciences, New England Biolabs Inc., Mari Nova, and PML Applications Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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The key points of this report are:

To study and forecast the market size of Marine Biotechnology in global market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.
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