Press release
Global Marine Biotechnology Market Poised for Growth Amidst Rising Demand for Marine-Derived Products (2022 - 2030)
Global marine biotechnology market was valued at US$ 1.2 Bn in 2021, projected to grow at an estimated CAGR of 7% over the forecast period. The growth of the marine biotechnology market is being driven by several factors, including the increasing demand for marine-derived products, advancements in biotechnology and marine biology research, and the growing recognition of the potential of marine-based organisms.
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Market Trends:
Rising demand for marine-derived products: The increasing demand for marine-derived products is driving growth in the marine biotechnology market, as the unique biology of marine organisms provides a wealth of potential products and technologies.
Advancements in biotechnology and marine biology research: Advancements in biotechnology and marine biology research are driving growth in the marine biotechnology market, as new and innovative marine-based products and technologies are developed.
Growing recognition of the potential of marine-based organisms: The growing recognition of the potential of marine-based organisms is driving growth in the marine biotechnology market, as more and more researchers and companies turn their attention to the ocean's vast and untapped potential.
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Some of the Key Players Operating in the Global Marine Biotechnology Market include:
Aquapharm
BASF SE
GlycoMar Ltd
International Flavors & Fragrances Inc. (Novamatrix)
Lonza
Marine Biotech Limited MBL
oceanBASIS GmbH
PharmaMar
SEPPIC
The Hebridean Seaweed Company
Other Market Participants
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Global Marine Biotechnology Market Segmentation:
By Offering
Pharmaceutical drugs
Chemical products
Enzymes
Other products and processes
By Applications
Aquaculture and Fishery
Reproduction
Nutrition
Health Management
Vaccines
Growth Promotion
Medicine
Biofuel
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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