Marine Biotechnology Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40645
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The marine biotechnology market has the potential to grow by USD 3.31 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 8.82%.

This marine biotechnology market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (healthcare products, energy and environment management products, and food and cosmetics products) and geography (North America, Europe, Asia, and ROW). The marine biotechnology market report also offers information on several market vendors, including AKER BIOMARINE AS, BASF SE, CP Kelco US Inc., Cyanotech Corp., LAIR LIQUIDE SA, Lonza Group Ltd., Marinomed Biotech AG, PharmaMar SA, and Sea Run Holdings Inc. among others.

What will the Marine Biotechnology Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Marine Biotechnology Market

 Get Your FREE Sample Now!

Marine Biotechnology Market: Key Drivers and Trends

The increase in demand for biofuel is notably driving the marine biotechnology market growth, although factors such as legal and ethical issues associated with marine biotechnology may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the marine biotechnology industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the marine biotechnology market is the increase in demand for biofuel.
  • The scarcity of fossil fuels and global warming has increased the focus on renewable energy sources such as solar, wind, tidal, hydro, and biomass.
  • Biomass from the various forest, agriculture, and aquatic sources is being considered as feedstock to produce several biofuels such as biodiesel, bioethanol, biohydrogen, bio-oil, and biogas.
  • The several advantages of algal biomass to produce biofuels have brought interest in algal biomass as an alternative feedstock to produce biofuels.
  • Algal biomass can grow throughout the year, have a higher tolerance to high carbon dioxide levels, low water consumption during cultivation and the growth potential of algal species is very high when compared with others.
  • The increased demand for secondary metabolites from marine microorganisms is another major factor supporting the marine biotechnology market share growth.
  • Secondary metabolites are produced when key nutrients such as carbon, nitrogen, or phosphate are exhausted.
  • They are compounds that are used in various industries, such as pharmaceuticals, cosmetics, food, and agriculture, and farming.
  • Secondary metabolites that are produced from marine microorganisms show an extensive range of activities, such as antibacterial, antimalarial, antifungal, and cytotoxic properties, which increase their demand.
  • Marine biotechnology has become a major source to produce secondary metabolites, owing to it being a rich source of both biological and chemical diversity.

This marine biotechnology market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Marine Biotechnology Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AKER BIOMARINE AS
  • BASF SE
  • CP Kelco US Inc.
  • Cyanotech Corp.
  • LAIR LIQUIDE SA
  • Lonza Group Ltd.
  • Marinomed Biotech AG
  • PharmaMar SA
  • Sea Run Holdings Inc.

 

This statistical study of the marine biotechnology market encompasses successful business strategies deployed by the key vendors. The marine biotechnology market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The marine biotechnology market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Marine Biotechnology Market?

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market’s growth will originate from North America during the forecast period. The US is the key market for marine biotechnology in North America. However, the market growth rate in this region will be slower than the growth of the market in the European and Asian regions.

The US is the largest contributor of revenue to the marine biotechnology market in the region, owing to the presence of several marine biotechnology research centers in the country, such as the Scripps Institution of Oceanography; the University of California, San Diego; the Colorado State University; and the University of Delaware. These organizations are involved in marine-related research, which is increasing awareness about the advantages of marine-derived products and increasing their production and adoption. This will facilitate the marine biotechnology market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Marine Biotechnology Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The marine biotechnology market share growth by the healthcare products segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the marine biotechnology market size and actionable market insights on post COVID-19 impact on each segment.

 

Marine Biotechnology Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.82%

Market growth 2021-2025

$ 3.31 billion

Market structure

Fragmented

YoY growth (%)

7.26

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 35%

Key consumer countries

US, UK, Germany, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AKER BIOMARINE AS, BASF SE, CP Kelco US Inc., Cyanotech Corp., LAIR LIQUIDE SA, Lonza Group Ltd., Marinomed Biotech AG, PharmaMar SA, and Sea Run Holdings Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Marine Biotechnology Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive marine biotechnology market growth during the next five years
  • Precise estimation of the marine biotechnology market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the marine biotechnology industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of marine biotechnology market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Healthcare products - Market size and forecast 2020-2025
    • Energy and environment management products - Market size and forecast 2020-2025
    • Food and cosmetics products - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • Asia - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AKER BIOMARINE AS
      • BASF SE
      • CP Kelco US Inc.
      • Cyanotech Corp.
      • LAIR LIQUIDE SA
      • Lonza Group Ltd.
      • Marinomed Biotech AG
      • PharmaMar SA
      • Sea Run Holdings Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The marine biotechnology market growth will increase by $2498.61 million during 2019-2024.
      The marine biotechnology market is expected to grow at a CAGR of 8.01% during 2019-2024.
      Technavio has segmented the marine biotechnology market by application (Healthcare products, Energy and environment management products, and Food and cosmetics products) and geographic (North America, Europe, APAC, South America, and MEA).
      Aker BioMarine AS, BASF SE, CP Kelco, Cyanotech Corp., KD Pharma Group, Lonza Group Ltd., Marinomed Biotech AG, PharmaMar SA, Sea Run Holdings Inc. are a few of the key vendors in the marine biotechnology market.
      APAC will register the highest growth rate of 30.97% among the other regions. Therefore, the marine biotechnology market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the marine biotechnology market growth are:
      • Increase in demand for biofuel
      The marine biotechnology market vendors should focus on grabbing business opportunities from the healthcare products segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Health Care
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>