Insights and Prediction of Marine Biotechnology Global Market Report (2019-2026)
The newly Marine Biotechnology market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
According to the report, the marine biotechnology market is still in its infancy and the boundaries for its quantification are indistinct since some of the marine biotechnology applications involve the use of non-marine bioresources.
Marine Biotechnology can make an increasingly important contribution towards meeting societal challenges and supporting economic recovery and growth, by delivering new knowledge, products, and services.
Product Information
Marine biotechnology can be described as the utilization of marine macro- or microorganisms - from the whole organism to the molecular level - to provide products, technologies, and processes. It is the field of science that deals with ocean exploration for the development of new pharmaceutical drugs, chemical products, enzymes, and other products and processes. It also deals with the advancement of aquaculture and seafood safety, bioremediation, biofuels, among others.
On the basis of products, the various types include Marine Animal Technolog, Marine Plant Technology, and Other.
On the basis of application, the Marine Biotechnology market is segmented into Foods, Nutraceuticals, Medicine, Cosmetics, Research Tools, Processing Technologies, New Energy Sources, Agriculture, Industrial, and Food Safety.
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Market Insights
According to a new research study, the Marine Biotechnology market size is expected to reach USD 5,351 million by 2026 from USD 4,012 million in 2019, with a compound annual growth rate of 4.2% during the forecast period.
The main driving factor is that the interface between marine biotechnology and industrial biotechnology is creating new and very exciting opportunities for new manufacturing and industrial applications, as well as ways to protect food supplies and enforce our marine environmental law. In addition, marine biotechnology has great potential in providing models for the development of new drugs, polymers, enzymes, other chemical products, and industrial processes as well as vaccines, diagnostic and analytical reagents using the biochemical capabilities of marine organisms.
Although there are many factors driving the market, the market still faces various constraints, such as the complexity of discovery and innovation and the shortage of supply caused by the increase in commodity demand. The key factor restricting market growth is the recent fluctuation of crude oil price, which directly affects the production cost. The global marine biotechnology market is also facing challenges such as high research and development costs and lack of technical expertise.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific and North America are the two major markets for marine biotechnology, followed by Europe, with production values accounting for 34%, 33% and 23% of the world respectively. It is the Asia-Pacific market which is anticipated to be the fastest-growing region in the global marine biotechnology market on account of its huge exports of marine food products. China is presently the world's largest exporter of seafood. Other factors driving the marine biotechnology market in this region include the huge amount of research prevailing for marine biodiscovery and new molecule identification. On the other hand, extensive research for marine biofuels in the North American countries coupled with the growing biomaterial-based medical applications is boosting the market in the North America region.
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Competitive Players
The leading vendors in the market are BASF SE (Germany), CP Kelco (US), Cyanotech Corp. (US), Nutrex Hawaii (US), and FMC Health and Nutrition (US). Other prominent vendors in the market are NovaMatrix (Norway), GlycoMar Ltd. (UK), Jazz Pharmaceuticals plc (Ireland), Lonza Group Ltd. (Switzerland), Marinova Pty Ltd (Australia), New England Biolabs Inc (US), OceanBASIS GmbH (Germany), PharmaMar S.A (Spain), PML Applications Ltd. (UK), Prolume Ltd (US), BioLume(r), Inc. (US), Royal DSM N.V (Netherlands), and others. Mergers, product launches, innovations, and expansions are some of the key strategies adopted by market participants.
Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
Target Audience for this Report
l Marine Biotechnology providers
l Marine Biotechnology industry associations
l Product managers, Marine Biotechnology industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Research & Clinical Laboratories
l Healthcare organizations
l Research & Clinical Laboratories
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Marine Biotechnology Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Marine Biotechnology Market by Types
4 Segmentation of Marine Biotechnology Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Marine Biotechnology Market in Major Countries
7 North America Marine Biotechnology Landscape Analysis
8 Europe Marine Biotechnology Landscape Analysis
9 Asia Pacific Marine Biotechnology Landscape Analysis
10 Latin America, Middle East & Africa Marine Biotechnology Landscape Analysis
11 Major Players Profile
11.1 BASF SE (Germany)
11.1.1 BASF SE (Germany) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 CP Kelco (US)
11.3 Cyanotech Corp. (US)
11.4 Nutrex Hawaii (US)
11.5 FMC Health and Nutrition (US)
11.6 NovaMatrix (Norway)
11.7 GlycoMar Ltd. (UK)
11.8 Jazz Pharmaceuticals plc (Ireland)
11.9 Lonza Group Ltd. (Switzerland)
11.10 Marinova Pty Ltd (Australia)
11.11 New England Biolabs Inc (US)
11.12 OceanBASIS GmbH (Germany)
11.13 PharmaMar S.A (Spain)
11.14 PML Applications Ltd. (UK)
11.15 Prolume Ltd (US)
11.16 BioLume(r), Inc. (US)
11.17 Royal DSM N.V (Netherlands)
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