Marine biotechnology is generally referred in use of marine organisms, at the whole cell or molecular level which helps in providing technologies, products and processes that will be beneficial for the society. Marine biotechnology is an area where products are developed or derived from marine animals and plants. The major factor which drives the global marine biotechnology market is raising demand of consumers towards natural products. The global Marine Biotechnology Market is anticipated to grow at 6.8 % CAGR during 2016-2023. the enormous biodiversity and growing genetic life in sea are the key driving factors for the growth of marine biotechnology market. rising cosmetic industry, increasing need for environmental safe feedstocks for sustainable production in display technologies and growing healthcare industry are driving the global marine biotechnology market. Rising support of key players towards providing sustainable products helps in boosting the global marine biotechnology market. however, complexities associated with discoveries and innovations, rising demand of marine biotechnologies leads to shortage of supply are restraining factors of the market.
Rising demand of marine biotechnology in cosmetics industry would be the key factor which drives the growth of global marine biotechnology market. The marine biotechnology market is forecasted to grow at higher rate in future due to rapid growth and rising healthcare industry in all over the world. Another major factor which drives this global marine biotechnology market is due to rising end users applications like industrial products, cosmetic, pharmaceutical etc. also helpful in boosting this market. Wide usage of applications in global marine biotechnology market is another factor which helps in fuelling this global marine biotechnology market. The other major factor which helps in boosting this market is the key players investing huge amount in research and development for developing sustainable products according to the consumer demand. In region, Asia Pacific is expected to be the fastest growing region in near future due to increasing healthcare industries and cost effective solutions in the regional market. Although there are many factors which drive the market and still there are various restraints which are faced by the market such as complexities with discoveries and innovations and increasing demand for commodities leads to shortage of supply. The major factor which restraint the market growth are fluctuations in prices of crude oil which directly affects the production cost in recent times, and it is going to be key factor hampering the growth of the market. There are also challenges which are faced by global marine biotechnology market are high research and development cost and lack of technical expertise etc.
Source: OBRC Analysis.
The report on global marine biotechnology market includes product and end-user .
Product is segmented into:
- BIO MATERIAL
- BIO ACTIVE SUBSTANCES
- OTHERS
The end-user of marine biotechnology include:
- INDUSTRIAL PRODUCTS
- HEALTHCARE/BIOTECHNOLOGY
- CONSUMERS PRODUCTS
- PUBLIC SERVICES & INFRASTRUCTURE
- OTHERS MARKET
The revenue for the above end-user segments are specific to the marine biotechnology market. however, the total revenue of these end-user in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up product segment.
The global marine biotechnology market report has been geographically segmented in:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
The global marine biotechnology market is segmented on the basis of product, end user applications and by geography. On the basis of product the market is segmented into bio material and bio active substance and others. Among the products, bio material would be the fastest growing market due to rising demand for sustainable and high quality products in the market which also helps in boosting the global marine biotechnology market. On the basis of applications, the global marine biotechnology market is segmented into industrial products, healthcare or biotechnology products, consumer’s products, public service and infrastructure and others. Among all applications, cosmetics industries would be the fastest growing industries in all over the world due to rising investment by key players and other factors like healthy and dietary supplements because they are rich in amino acids, proteins, vitamins, and minerals etc. On the basis of geography, Europe, Asia Pacific North America, and ROW are the major segments of this global marine biotechnology market. North America is the leading markets in marine biotechnology due to rising demand for marine ingredients which also increases the number of raw material suppliers specializing in such products. North America region holds the largest market share in marine biotechnology due to rising focus on the production of algae-derived biotechnology. However, Asia would be the fastest growing market in marine biotechnology. The major reason behind the success of this region is hydrocolloid and aquaculture segments. European region is considered as leading region for Marine Biotechnology Market during the forecasted period due to growing support of EU research policy for various collaborative projects in marine biotechnology. Therefore, this segment is also considered as major factors that drive this global marine biotechnology market.
The major market players of the global marine biotechnology market are:
- BASF SE
- FMC HEALTH AND NUTRITION
- NUTREX HAWAII
- SEA RUN HOLDINGS INC.
- TEQUESTA MARINE BIOSCIENCES
- OTHERS
These companies using various strategies such as merger & acquisition, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the marine biotechnology market.
For Example . On 11th March’2016, Aker biomarine launches its new technology which also called as Flexitech (TM) in the natural product west-engreda show. This patented technology helps the company in expansion as well as it also bring more innovations to the krill oil market. More specifically, this technology allows Aker biomarine to concentrate on krill oil various beneficial components like omega 3s and also helps in removing the salts in krill oil that leads to off taste and odors. These mergers, product launches and acquisition helps in boosting the growth of global marine biotechnology market.
The report covers detailed analysis of companies which comprises overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape and market share analysis in marine biotechnology market.
Key reason to buy the report:
- The report includes market estimation, forecast and analysis for the year 2016-2023
- Report includes detailed analysis of different segments such as product and end-user of marine biotechnology.
- Identify and understand the strength, opportunities, challenges and threat of the marine biotechnology market.
- Covers details analysis of Porters 5 force model and other strategic models and also covers revenues, market share analysis, competitive landscape analysis of major players of voice communication segment market.
- Detailed analysis of various the regulatory policies which are affecting the global marine biotechnology market.
How we are different from others:
At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global marine biotechnology market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the marine biotechnology market, with giving extensive SCOT analysis of key companies.
Key findings of the global marine biotechnology market:
- Rising cosmetics industry and growing healthcare industry is fueling global marine biotechnology market.
- Europe held highest revenue share in 2016.
- Bio-materials is the fastest growing segment among products segment due to increasing demand for sustainable and high quality products.
- Cosmetics industry is the major segment of application.
- Product launch is the key strategy adopted by players of marine biotechnology market.