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Marine Biotechnology - Global Market Trajectory & Analytics

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    Report

  • 800 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4911755

Global Marine Biotechnology Market to Reach $9.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Marine Biotechnology estimated at US$5.7 Billion in the year 2020, is projected to reach a revised size of US$9.2 Billion by 2027, growing at a CAGR of 7% over the period 2020-2027. Biomaterials, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$4.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Bioactive Substances segment is readjusted to a revised 7.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 8.8% CAGR

The Marine Biotechnology market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$796.9 Million by the year 2027 trailing a CAGR of 8.8% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR.

Other Products Segment to Record 6.2% CAGR

In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$999.4 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 253 Featured)

  • Aker BioMarine AS
  • Aqua Bio Technology ASA
  • BASF SE
  • CP Kelco
  • Cyanotech Corp.
  • GlycoMar Ltd.
  • Marinova Pty Ltd
  • Nutrex Hawaii Inc.,- oceanBASIS GmbH
  • PharmaMar S.A
  • Royal DSM N.V
  • SEPPIC

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Marine Biotechnology

What is the estimated value of the Global Market for Marine Biotechnology?

The Global Market for Marine Biotechnology was estimated to be valued at $5.7 Billion in 2020.

What is the growth rate of the Global Market for Marine Biotechnology?

The growth rate of the Global Market for Marine Biotechnology is 7.1%, with an estimated value of $9.2 Billion by 2027.

What is the forecasted size of the Global Market for Marine Biotechnology?

The Global Market for Marine Biotechnology is estimated to be worth $9.2 Billion by 2027.

Who are the key companies in the Global Market for Marine Biotechnology?

Key companies in the Global Market for Marine Biotechnology include Aker BioMarine AS, Aqua Bio Technology ASA, BASF SE, CP Kelco, Cyanotech Corp., GlycoMar Ltd., Marinova Pty Ltd, Nutrex Hawaii Inc. and PharmaMar S.A.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of Covid-19 and a Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
  • COVID-19 Impact on Marine Biotechnology Market
  • Competition
  • Exhibit 2: Marine Biotechnology - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 253 Players Worldwide in 2022 (E)
  • A Prelude to Marine Biotechnology
  • Marine Biotechnology Harnessing the Potential of Marine Organisms
  • Marine Biotechnology for Pharmaceutical Products
  • Marine Biotechnology for Lipid, Biofuel Production
  • Marine Biotechnology for Pharmaceutical Applications
  • Marine Biotechnology for Bioremediation
  • Global Marine Biotechnology Market Set to Witness Healthy Growth Post-Pandemic
  • Developed Regions Dominate, Developing to Witness Fastest Growth
  • Blue Biotechnology Remains Strong in Europe & Endows Stellar Prospects for Startups
  • Biomaterials and Bi Active Substances Lead the Marine Biotechnology Market
  • Drug-Discovery: A Promising Outcome of Marine Biotechnology
  • Recent Market Activity
  • WORLD BRANDS
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Industry Witnesses a Rise in Sea Farming Operations
  • AI Revolutionising Marine Biology Research
  • Data Science and Big Data Step In to Simplify Marine Biotech Processes
  • Active Participation of Investors to Steer Marine Biotechnology Sector
  • Focus on Biofuels as the Future Energy Security Solution Drives Strong Demand
  • Exhibit 3: Global Biofuels Production in Thousand Barrels Oil Equivalent Per Day (2010-2020)
  • Exhibit 4: Global Biogasoline Market (2010 & 2020): Percentage Breakdown of Volume Consumption by Country/Region
  • Exhibit 5: Global Biodiesel Market (2010 & 2020): Percentage Breakdown of Volume Consumption by Country/Region
  • Innovative Technologies and Strategies Fuel Demand for Algal Fuel
  • Healthcare: A Fast Growing Avenue
  • Select Marine Bio-Products Commercially Available
  • Health-Promoting Benefits of Marine Algal Proteins
  • Sea Anemone Toxins: Opportunities in the Pharma Sector
  • Marine Worm: Potential Role in Medical Applications
  • Biopharmaceutical Companies Shift Focus to Marine Natural Products
  • Technology Advancements Aid Research Activities
  • Research Focus Entrenched on Marine Drugs
  • Exhibit 6: Number of Bioactive Marine Chemicals & Their Potential Applications by Therapeutic Area: 2020
  • Anti-Cancer Drugs Dominate Drug Development Pipeline
  • Select List of Marine-Sources-Isolated Compounds with Potential Anticancer Effect
  • Cardiovascular Marine Products
  • Cardiovascular Marine Products by Marine Source
  • Coral Reefs Offer Abundant Opportunities
  • Rise in Application of Seaweeds
  • Exhibit 7: Opportunity Indicator: Global Commercial Seaweeds Market (In US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Marine Microalgae: Promising Potential in Varied Industries
  • Commercially Cultivated Marine Microalgae Species and their Applications
  • Major Applications of Marine Microalgae Biomass or their Extracts
  • Polysaccharides from Marine Microalgae Hold Significant Potential
  • Select Marine Microalgae Species Producing Polysaccharides
  • Carotenoids of Marine Origin Find Increased Application as Natural Colorants in Supplements and Foods
  • Major Commercially Available Carotenoids
  • Carotenoids of Marine Origin and Growing Opportunities in Cosmetics
  • Select Carotenoids and their Functional Benefits in Nutricosmetics Market
  • Research on Rise for Marine Ingredients for Bonding Applications
  • Partnerships: Vital for Development of Marine Biotechnology Research
  • R&D ACTIVITY IN MARINE BIOTECHNOLOGY - A REVIEW
  • Overview
  • R&D Initiatives, Programs & Research Priorities for Marine Biotechnology
  • COST Action Ocean4Biotech: A Blue Technology Effort to Tap Hidden Wealth of Oceans
  • COST Action Ocean4Biotech to Advance Marine Biotechnology
  • COST Action Ocean4Biotech: Primary Goals
  • Europe to Stay at Forefront of Global Marine Biotechnology Market
  • A REVIEW OF END-USE MARKETS/APPLICATIONS
  • Consumer Products
  • Marine Biotechnology for Sustainable Production of Healthy Food Products
  • Exhibit 8: World Population by Geographic Region (2018-2050) (in Thousands
  • Aquaculture
  • Exhibit 9: World Aquaculture Market (2020): Percentage Breakdown of Production Volume by Region
  • Marine Resources as Functional Food Ingredients
  • Health Benefits of Few Marine-derived Functional Food Ingredients
  • Marine-Derived Nutraceuticals
  • Major Marine Nutraceutical Products: A Glance
  • Cosmetics: A Important Growth Market
  • Focus Shifts to Sustainable Sourcing of Marine Ingredients in Cosmetics Industry
  • Marine Biotechnology Application in Industrial Processing
  • Marine Microbial Enzymes
  • Marine-Derived Biopolymers & Biomaterials
  • Marine Micro & Macro Algae
  • Chitin & Chitosan
  • Marine Bacteria
  • Extremozymes Hold an Edge
  • Marine-Derived Pharmaceuticals
  • Major Marine Sources for Drugs
  • Applications of Marine Products in the Pharmaceutical Industry
  • Key Challenges in Discovery of Marine-derived Drugs
  • Marine Biotechnology for Energy Supply
  • Marine Biotechnology for Protecting Marine Ecosystems
  • Biofouling
  • Detecting Marine Pathogenic Organisms
  • Bioremediation of Marine Ecosystems
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Marine Biotechnology Market Analysis of Annual Sales in US$ Thousand for Years 2012 through 2027
  • Table 2: World Recent Past, Current & Future Analysis for Marine Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 3: World Historic Review for Marine Biotechnology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 4: World 15-Year Perspective for Marine Biotechnology by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2012, 2021 & 2027
  • Table 5: World Recent Past, Current & Future Analysis for Biomaterials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: World Historic Review for Biomaterials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 7: World 15-Year Perspective for Biomaterials by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 8: World Recent Past, Current & Future Analysis for Bioactive Substances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 9: World Historic Review for Bioactive Substances by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 10: World 15-Year Perspective for Bioactive Substances by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 11: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 13: World 15-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 14: World Recent Past, Current & Future Analysis for Isolation & Cultivation of Microorganisms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 15: World Historic Review for Isolation & Cultivation of Microorganisms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 16: World 15-Year Perspective for Isolation & Cultivation of Microorganisms by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 17: World Recent Past, Current & Future Analysis for Culture-Independent Techniques by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 18: World Historic Review for Culture-Independent Techniques by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 19: World 15-Year Perspective for Culture-Independent Techniques by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 20: World Recent Past, Current & Future Analysis for Marine Algae by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 21: World Historic Review for Marine Algae by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 22: World 15-Year Perspective for Marine Algae by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 23: World Recent Past, Current & Future Analysis for Marine Fungi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 24: World Historic Review for Marine Fungi by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 25: World 15-Year Perspective for Marine Fungi by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 26: World Recent Past, Current & Future Analysis for Corals & Sponges by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 27: World Historic Review for Corals & Sponges by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 28: World 15-Year Perspective for Corals & Sponges by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 29: World Recent Past, Current & Future Analysis for Marine Viruses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 30: World Historic Review for Marine Viruses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 31: World 15-Year Perspective for Marine Viruses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 32: World Recent Past, Current & Future Analysis for Other Sources by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 33: World Historic Review for Other Sources by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 34: World 15-Year Perspective for Other Sources by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 35: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 36: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 37: World 15-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 38: World Recent Past, Current & Future Analysis for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 39: World Historic Review for Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 40: World 15-Year Perspective for Food by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 41: World Recent Past, Current & Future Analysis for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 42: World Historic Review for Cosmetics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 43: World 15-Year Perspective for Cosmetics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 44: World Recent Past, Current & Future Analysis for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 45: World Historic Review for Chemicals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 46: World 15-Year Perspective for Chemicals by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
  • Table 47: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 48: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 49: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Covid-19 Induced Recession Hampers Market
  • Emphasis on Marine Science Research to Keep Long-Term Prospects Intact
  • Rising Demand for Health Foods Drives Aquaculture Biotechnology
  • Policy Framework to Offer Support for Marine Biotechnology
  • Centres of Marine Biotechnology Research in the US
  • Market Analytics
CANADA
JAPAN
  • Market Overview
  • Market Analytics
CHINA
EUROPE
  • Marine Biotechnology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIA
REST OF EUROPE
  • Denmark
  • Iceland
  • Ireland
  • Norway
  • Market Analytics
ASIA-PACIFICAUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAREST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 253

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Aker BioMarine AS
  • Aqua Bio Technology ASA
  • BASF SE
  • CP Kelco
  • Cyanotech Corp.
  • GlycoMar Ltd.
  • Marinova Pty Ltd
  • Nutrex Hawaii Inc.
  • oceanBASIS GmbH
  • PharmaMar S.A
  • Royal DSM N.V
  • SEPPIC