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Marine Biotechnology Market By Product Type (Marine Biomaterials, Bioactive Compounds, Marine-Derived Drugs), By Technology (Genomics, Bioinformatics, Aquaculture, Cell Culture, Enzyme Technology), By Application (Pharmaceuticals, Nutraceuticals, Cosmetics, Industrial, Environmental Biotechnology, Food & Beverages), By Source (Marine Plants, Marine Animals, Marine Microorganisms), By End-User (Biotechnology Companies, Pharmaceutical Companies, Research Institutes, Aquaculture Industry, Food & Beverage Industry), and By Region; Global Insights & Forecast (2024 – 2030)

Published: December, 2024  
|   Report ID: ANH4402  
|   Animal Nutrition & Health

As per Intent Market Research, the Marine Biotechnology Market was valued at USD 6.1 billion and will surpass USD 10.3 billion by 2030; growing at a CAGR of 7.6% during 2024 - 2030.

The Marine Biotechnology Market is gaining significant traction as the exploration of marine resources for biotechnological applications expands. Leveraging the vast biodiversity found in oceans, this market focuses on the extraction and utilization of marine organisms to develop innovative products across various sectors, including pharmaceuticals, nutraceuticals, and environmental solutions. The unique biochemical compounds derived from marine organisms present opportunities for groundbreaking advancements, leading to novel applications in healthcare and beyond.

With increasing research into the therapeutic potential of marine-derived substances, the market is positioned for robust growth. Factors such as rising investments in marine research, advancements in technology, and the escalating demand for sustainable products are driving this market forward. The focus on bioactive compounds and their health benefits, combined with the growing trend towards sustainable practices, positions marine biotechnology as a pivotal area in the broader life sciences industry.

Marine-Derived Drugs Segment Is Largest Owing to Rising Demand for Natural Therapeutics

Within the marine biotechnology market, the Marine-Derived Drugs segment stands out as the largest category. The escalating demand for natural therapeutics has propelled this segment, as marine organisms are recognized for their potential in producing novel pharmacologically active compounds. These compounds have shown promise in treating various health conditions, including cancer, cardiovascular diseases, and inflammatory disorders, leading to increased investment in marine pharmacology research.

The pharmaceutical industry's shift towards sourcing drugs from natural origins further underscores the significance of marine-derived drugs. Research institutions and pharmaceutical companies are increasingly collaborating to discover and develop drugs from marine resources, highlighting the potential of the ocean as a reservoir of bioactive substances. As a result, the marine-derived drugs segment is expected to maintain its prominence in the marine biotechnology market, driven by ongoing research and the increasing approval of marine-based therapeutics.

Marine Biotechnology Market size

Bioactive Compounds Segment Is Fastest Growing

The Bioactive Compounds segment is emerging as the fastest growing area within the marine biotechnology market. This growth is primarily fueled by the rising consumer demand for functional foods and supplements that offer health benefits beyond basic nutrition. Bioactive compounds extracted from marine sources, such as omega-3 fatty acids, antioxidants, and anti-inflammatory agents, are gaining popularity for their role in enhancing overall health and well-being.

The expansion of the nutraceutical industry has played a significant role in driving the demand for marine bioactive compounds. As consumers become more health-conscious and seek natural alternatives to synthetic supplements, bioactive compounds from marine plants and animals are increasingly incorporated into dietary supplements and functional foods. This trend is expected to continue, positioning the bioactive compounds segment for substantial growth in the coming years.

Aquaculture Technology Is Fastest Growing Segment

In terms of technology, Aquaculture is recognized as the fastest growing segment within the marine biotechnology market. With the increasing global demand for seafood and the challenges posed by overfishing, aquaculture presents a sustainable solution for meeting nutritional needs while preserving marine ecosystems. Advances in biotechnology are enhancing aquaculture practices, leading to improved fish health, faster growth rates, and more sustainable farming methods.

The integration of biotechnology in aquaculture involves the use of genomics and bioinformatics to optimize breeding and feed efficiency, ultimately resulting in higher yields. This technological advancement is gaining traction as stakeholders in the aquaculture industry recognize the benefits of adopting biotechnological innovations. The growing emphasis on sustainable seafood production positions aquaculture technology as a key area of growth within marine biotechnology.

Pharmaceuticals Application Is Largest in the Market

The Pharmaceuticals application segment is the largest within the marine biotechnology market, driven by the extensive exploration of marine resources for drug discovery and development. The unique chemical compounds derived from marine organisms have shown significant potential in pharmaceutical applications, leading to the development of new treatments for various diseases.

As research progresses, the number of marine-derived drugs entering clinical trials continues to rise, reflecting the robust pipeline of marine biotechnology. Pharmaceutical companies are increasingly investing in partnerships with marine research institutions to expedite the discovery of novel marine-based therapeutics, further solidifying the pharmaceuticals application segment as a dominant force in the market.

North America Is the Largest Market

The North America region holds the largest share of the marine biotechnology market, owing to its advanced research infrastructure and significant investments in marine research and development. The presence of leading biotechnology companies and research institutions in this region fosters innovation and collaboration, facilitating the growth of marine biotechnology applications.

Moreover, North America is at the forefront of pharmaceutical research, particularly in developing marine-derived drugs. The region's stringent regulatory framework also promotes the safety and efficacy of marine-based products, ensuring consumer confidence. As the demand for sustainable and natural products rises, North America is well-positioned to continue leading the marine biotechnology market.

Marine Biotechnology Market share by region

Key Players and Competitive Landscape

The marine biotechnology market features a competitive landscape with various players actively engaged in research and development. Leading companies such as Marine BioTechnologies, AquaBounty Technologies, Seajoy, and Biomarine Technologies are at the forefront of innovations in this sector, focusing on the exploration of marine resources for biotechnological applications.

These companies are increasingly forming strategic partnerships with academic institutions and research organizations to advance their capabilities in marine biotechnology. The competitive environment is marked by a commitment to sustainability and the exploration of marine ecosystems for new bioactive compounds, drugs, and applications. As the market continues to evolve, the focus on collaboration, innovation, and sustainability will shape the future of marine biotechnology.

Recent Developments:

  • BASF SE expanded its marine-derived ingredients portfolio for nutraceuticals with new algae-based bioactives.
  • Aker BioMarine introduced sustainable marine proteins for the aquaculture industry, promoting eco-friendly practices.
  • Lonza Group announced a partnership for marine-based drug development targeting inflammation and cancer.
  • Algatechnologies Ltd. launched a new algae cultivation project to enhance bioactive compound production.
  • Marinova Pty Ltd expanded its seaweed-based bioproducts for use in cosmetic applications and skin health solutions.

List of Leading Companies:

  • Marinova Pty Ltd
  • BASF SE
  • CP Kelco
  • PML Applications Ltd
  • Aker BioMarine AS
  • Lonza Group Ltd.
  • QPS Holdings, LLC
  • BiotechMarine (Seppic)
  • GlycoMar Ltd.
  • New England Biolabs
  • Aqua Bio Technology ASA
  • Algatechnologies Ltd.
  • Cellana Inc.
  • Cyanotech Corporation
  • Zymetech

Report Scope:

Report Features

Description

Market Size (2023)

USD 6.1 billion

Forecasted Value (2030)

USD 10.3 billion

CAGR (2024 – 2030)

7.6%

Base Year for Estimation

2023

Historic Year

2022

Forecast Period

2024 – 2030

Report Coverage

Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments

Segments Covered

Marine Biotechnology Market By Product Type (Marine Biomaterials, Bioactive Compounds, Marine-Derived Drugs), By Technology (Genomics, Bioinformatics, Aquaculture, Cell Culture, Enzyme Technology), By Application (Pharmaceuticals, Nutraceuticals, Cosmetics, Industrial, Environmental Biotechnology, Food & Beverages), By Source (Marine Plants, Marine Animals, Marine Microorganisms), By End-User (Biotechnology Companies, Pharmaceutical Companies, Research Institutes, Aquaculture Industry, Food & Beverage Industry)

Regional Analysis

North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)

Major Companies

Marinova Pty Ltd, BASF SE, CP Kelco, PML Applications Ltd, Aker BioMarine AS, Lonza Group Ltd., QPS Holdings, LLC, BiotechMarine (Seppic), GlycoMar Ltd., New England Biolabs, Aqua Bio Technology ASA, Algatechnologies Ltd., Cellana Inc., Cyanotech Corporation, Zymetech

Customization Scope

Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements

1. Introduction

   1.1. Market Definition

   1.2. Scope of the Study

   1.3. Research Assumptions

   1.4. Study Limitations

2. Research Methodology

   2.1. Research Approach

      2.1.1. Top-Down Method

      2.1.2. Bottom-Up Method

      2.1.3. Factor Impact Analysis

  2.2. Insights & Data Collection Process

      2.2.1. Secondary Research

      2.2.2. Primary Research

   2.3. Data Mining Process

      2.3.1. Data Analysis

      2.3.2. Data Validation and Revalidation

      2.3.3. Data Triangulation

3. Executive Summary

   3.1. Major Markets & Segments

   3.2. Highest Growing Regions and Respective Countries

   3.3. Impact of Growth Drivers & Inhibitors

   3.4. Regulatory Overview by Country

4. Marine Biotechnology Market, by Product Type (Market Size & Forecast: USD Million, 2022 – 2030)

   4.1. Marine Biomaterials

   4.2. Bioactive Compounds

   4.3. Marine-Derived Drugs

   4.4. Others

5. Marine Biotechnology Market, by Technology (Market Size & Forecast: USD Million, 2022 – 2030)

   5.1. Genomics

   5.2. Bioinformatics

   5.3. Aquaculture

   5.4. Cell Culture

   5.5. Enzyme Technology

   5.6. Others

6. Marine Biotechnology Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030)

   6.1. Pharmaceuticals

   6.2. Nutraceuticals

   6.3. Cosmetics

   6.4. Industrial

   6.5. Environmental Biotechnology

   6.6. Food & Beverages

   6.7. Others

7. Marine Biotechnology Market, by Source (Market Size & Forecast: USD Million, 2022 – 2030)

   7.1. Marine Plants

   7.2. Marine Animals

   7.3. Marine Microorganisms

   7.4. Others

8. Marine Biotechnology Market, by End-User (Market Size & Forecast: USD Million, 2022 – 2030)

   8.1. Biotechnology Companies

   8.2. Pharmaceutical Companies

   8.3. Research Institutes

   8.4. Aquaculture Industry

   8.5. Food & Beverage Industry

   8.6. Others

9. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030)

   9.1. Regional Overview

   9.2. North America

      9.2.1. Regional Trends & Growth Drivers

      9.2.2. Barriers & Challenges

      9.2.3. Opportunities

      9.2.4. Factor Impact Analysis

      9.2.5. Technology Trends

      9.2.6. North America Marine Biotechnology Market, by Product Type

      9.2.7. North America Marine Biotechnology Market, by Technology

      9.2.8. North America Marine Biotechnology Market, by Application

      9.2.9. North America Marine Biotechnology Market, by Source

      9.2.10. North America Marine Biotechnology Market, by End-User

      9.2.11. By Country

         9.2.11.1. US

               9.2.11.1.1. US Marine Biotechnology Market, by Product Type

               9.2.11.1.2. US Marine Biotechnology Market, by Technology

               9.2.11.1.3. US Marine Biotechnology Market, by Application

               9.2.11.1.4. US Marine Biotechnology Market, by Source

               9.2.11.1.5. US Marine Biotechnology Market, by End-User

         9.2.11.2. Canada

         9.2.11.3. Mexico

    *Similar segmentation will be provided for each region and country

   9.3. Europe

   9.4. Asia-Pacific

   9.5. Latin America

   9.6. Middle East & Africa

10. Competitive Landscape

   10.1. Overview of the Key Players

   10.2. Competitive Ecosystem

      10.2.1. Level of Fragmentation

      10.2.2. Market Consolidation

      10.2.3. Product Innovation

   10.3. Company Share Analysis

   10.4. Company Benchmarking Matrix

      10.4.1. Strategic Overview

      10.4.2. Product Innovations

   10.5. Start-up Ecosystem

   10.6. Strategic Competitive Insights/ Customer Imperatives

   10.7. ESG Matrix/ Sustainability Matrix

   10.8. Manufacturing Network

      10.8.1. Locations

      10.8.2. Supply Chain and Logistics

      10.8.3. Product Flexibility/Customization

      10.8.4. Digital Transformation and Connectivity

      10.8.5. Environmental and Regulatory Compliance

   10.9. Technology Readiness Level Matrix

   10.10. Technology Maturity Curve

   10.11. Buying Criteria

11. Company Profiles

   11.1. Marinova Pty Ltd

      11.1.1. Company Overview

      11.1.2. Company Financials

      11.1.3. Product/Service Portfolio

      11.1.4. Recent Developments

      11.1.5. IMR Analysis

    *Similar information will be provided for other companies 

   11.2. BASF SE

   11.3. CP Kelco

   11.4. PML Applications Ltd

   11.5. Aker BioMarine AS

   11.6. Lonza Group Ltd.

   11.7. QPS Holdings, LLC

   11.8. BiotechMarine (Seppic)

   11.9. GlycoMar Ltd.

   11.10. New England Biolabs

   11.11. Aqua Bio Technology ASA

   11.12. Algatechnologies Ltd.

   11.13. Cellana Inc.

   11.14. Cyanotech Corporation

   11.15. Zymetech

12. Appendix

 

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A comprehensive market research approach was employed to gather and analyze data on the Marine Biotechnology Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Marine Biotechnology Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.

Research Approach - Marine Biotechnology Market

Secondary Research

Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.

Primary Research

Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the Marine Biotechnology ecosystem. The primary research objectives included:

  • Validating findings and assumptions derived from secondary research
  • Gathering qualitative and quantitative data on market trends, drivers, and challenges
  • Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
  • Assessing the supply-side landscape, including technological advancements and recent developments

Market Size Assessment

A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Marine Biotechnology Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:

  1. Identification of key industry players and relevant revenues through extensive secondary research
  2. Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
  3. Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources

Bottom Up and Top Down - Marine Biotechnology Market

Data Triangulation

To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.

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