Global Marine Biotechnology Market Analysis–Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    March 24, 2023
  • No of Pages
  • SKU Code
    GIR 8051
  • Format

Global Marine Biotechnology market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Marine Biotechnology market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Marine Biotechnology market – Introduction

  • Marine biotechnology is a growing field comprising marine bio-medicine 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 compound with the potential for industrial development as cosmetics, nutritional supplements, pharmaceuticals, molecular probes, enzymes, fine chemicals, and agrichemicals.
  • Marine biotechnology deploys genetic engineering as well as different cultivation techniques for mass producing valuable marine compounds, all while ensuring that there is least negative impact to the precious marine ecosystem. Growth in the global market is set to be driven by driven by the rise of “circular economy”. Increasing use of marine ingredients in food, agriculture and cosmetic industries is fostering growth in the market. The global bioplastics and biopolymers market is increasingly looking towards new advances made in marine biotechnology to develop completely new class of biodegradable biopolymers.


Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Company profiles of leading market participants dealing in products category.
  • Description of properties and manufacturing processes.
  • To analyze and forecast the market size in terms of volume and value
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • The report focuses on detailed profile of major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Global Marine Biotechnology market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.
Attribute Details
Market size available for years 2014–2027
Base year considered 2020
Forecast period 2021–2027
Historical period 2014-2019
Forecast units Value (USD) & Volume (Million Units)
Segmentation By Regions
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
By Countries
United States, Russia, China, Germany, United Kingdom, France, Japan, Israel, Saudi Arabia, South Korea, United Arab Emirates, Canada, Indonesia, Malaysia, Switzerland, Australia, India, Italy, Sweden, Spain, Belgium, Netherlands, Norway, Brazil, Argentina, Mexico, South Africa and 54 Others.
By  Product
Bio Active Substances, Bio Material and Others.
By Technology
Isolation & Cultivation of Microorganisms, and Culture-Independent Techniques.
By Application
Aquaculture & Food Products, Environmental & Human Health, Drug Discovery and Others.
By End-Use
Food Industry, Pharmaceutical & Biotech, Chemical, Energy and Others.
Companies covered Aker BioMarine AS; Aqua Bio Technology ASA; BASF SE; BioLume, Inc.; Biotech Marine; CP Kelco; Cyanotech Corp.; Elan Corp; FMC Corp ; GlycoMar Ltd.; Lonza Group Ltd.; Marinova Pty Ltd; New England Biolabs Inc; NovaMatrix; Nutrex Hawaii Inc.; oceanBASIS GmbH; PharmaMar S.A; Prolume Ltd; Royal DSM N.V; Sea Run Holdings, Inc.; SEPPIC; Tequesta BioVentures and Others.

Segments Covered in Global Marine Biotechnology market

  • The global Marine Biotechnology market is divided into different segments on the basis of product, technology, application, end user and region. The Marine Biotechnology market segment on the basis of Product includes Bio Active Substances, Bio Material and others . On the basis of Technology, the Marine Biotechnology market segment comprises a Isolation & Cultivation of Microorganisms and Culture-Independent Techniques. By application Marine Biotechnology market segment divided into Aquaculture & Food Products, Environmental & Human Health, Drug Discovery and many more.
  • The global Marine Biotechnology market segment by the end-use involves Food Industry, Pharmaceutical & Biotech, Chemical, Energy and other sectors.
  • The global Marine Biotechnology market segment on the basis of region includes Europe, Asia-Pacific, North America, and other parts of the world.
  • 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.

Covid-19 Impact on the Global Marine Biotechnology market

  • Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs have presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the marine biotechnology market.
  • After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio Material segment is readjusted to a revised 5.8% CAGR for the next 7-year period. Biotechnological tools and techniques play a vital role in cultivation and isolation of bioactive compounds found in seaweed. Bioactive marine compounds developed so far include Alkaloids, Lactones, Hydroxybenzene, Quinones, Peptides, Sterides, Aether, and Ketal.

Key Market Players in Global Marine Biotechnology market

  • The major players in the Global Marine Biotechnology market are Aker BioMarine AS; Aqua Bio Technology ASA; BASF SE; BioLume, Inc.; Biotech Marine; CP Kelco; Cyanotech Corp.; GlycoMar Ltd.; Lonza Group Ltd.; Marinova Pty Ltd; New England Biolabs Inc; NovaMatrix; Nutrex Hawaii Inc.,; oceanBASIS GmbH; PharmaMar S.A; Prolume Ltd; Royal DSM N.V; Sea Run Holdings, Inc.; SEPPIC; Tequesta BioVentures and Others.
  • Also, the Marine Biotechnology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

Objectives of the Global Marine Biotechnology market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Marine Biotechnology market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Marine Biotechnology market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Marine Biotechnology market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.



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Objectives of the study

Global Marine Biotechnology market definition

Global Marine Biotechnology market scope

Global Marine Biotechnology market Stakeholders

Global Marine Biotechnology market Limitations

Summary of changes


Research data

Secondary data

Primary data

Global Marine Biotechnology market size estimation

Global Marine Biotechnology market breakdown & data triangulation

Global Marine Biotechnology market share analysis

Global Marine Biotechnology market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario




Market dynamics

Market drivers


Market restraints





Industry trends

Strategic benchmarking

Pricing analysis

Value chain analysis

Ecosystem analysis

Patent analysis

Trade analysis



Bio Active Substances

Bio Material



Isolation & Cultivation of Microorganisms

Culture-Independent Techniques


Aquaculture & Food Products

Environmental & Human Health

Drug Discovery



Food Industry

Pharmaceutical & Biotech






North America








Rest of Europe

Asia Pacific




Rest of Asia Pacific

Rest of the World

Latin America

Middle East & Africa



Footprint analysis of the top players in the global Marine Biotechnology market

Product & service portfolio matrix

Market share analysis

Company evaluation quadrant

Company evaluation quadrant for start-ups/smes

Competitive scenario


(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  1. Aker BioMarine AS
  2. Aqua Bio Technology ASA
  3. BASF SE; BioLume, Inc.
  4. Biotech Marine
  5. CP Kelco
  6. Cyanotech Corp.
  7. GlycoMar Ltd.
  8. Lonza Group Ltd.
  9. Marinova Pty Ltd.
  10. New England Biolabs Inc
  11. NovaMatrix
  12. Nutrex Hawaii Inc.
  13. oceanBASIS GmbH
  14. PharmaMar S.A
  15. Prolume Ltd
  16. Sea Run Holdings, Inc.
  17. SEPPIC
  18. Tequesta BioVentures
  19. Others 35+.


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Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

Frequently Asked Questions ?

Europe is leading and serving the most significant market share of the Marine Biotechnology at the global level.

The growth rate of the Global Market for Marine Biotechnology is 5.8%, with an estimated value of $5.34 Billion by 2027.

The demand of growing construction of new nuclear power stations and the swelling demand in industries such as oil and gas prompted and influenced the growth & demand of Marine Biotechnology in forecast period.

Players in this market have adopted expansions, acquisitions, and agreements strategies to increase their market share.