Marine Biotechnology

Global Marine Biotechnology Market to Reach US$12.8 Billion by 2030

The global market for Marine Biotechnology estimated at US$7.9 Billion in the year 2024, is expected to reach US$12.8 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2024-2030. Biomaterials, one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$6.5 Billion by the end of the analysis period. Growth in the Bioactive Substances segment is estimated at 8.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.3 Billion While China is Forecast to Grow at 12.4% CAGR

The Marine Biotechnology market in the U.S. is estimated at US$2.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.3 Billion by the year 2030 trailing a CAGR of 12.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.1% and 8.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.0% CAGR.

Global Marine Biotechnology Market - Key Trends & Drivers Summarized

Marine biotechnology is an innovative and rapidly growing field that leverages the unique properties of marine organisms to develop new products and technologies. This interdisciplinary science harnesses the biological and chemical diversity found in marine environments to create applications in various sectors, including pharmaceuticals, cosmetics, agriculture, and environmental management. Marine organisms, such as algae, sponges, and deep-sea bacteria, produce a wide array of bioactive compounds with potential therapeutic properties. These compounds are being researched for their ability to treat diseases such as cancer, inflammation, and bacterial infections. Additionally, marine biotechnology plays a critical role in the development of sustainable aquaculture practices by providing genetic tools and biotechnological solutions to enhance the growth, health, and resilience of farmed marine species.

In the realm of environmental management, marine biotechnology offers innovative solutions for bioremediation and pollution control. Certain marine microorganisms possess the capability to degrade pollutants, such as oil spills and heavy metals, making them valuable for environmental cleanup efforts. The development of bio-based sensors and monitoring systems also allows for real-time tracking of ocean health and water quality, facilitating timely and effective response to environmental hazards. Furthermore, marine biotechnology contributes to the discovery and production of biofuels and bioplastics, promoting the use of renewable resources and reducing reliance on fossil fuels. These advancements not only support environmental sustainability but also drive economic growth by creating new markets and job opportunities in the biotechnology sector.

The growth in the marine biotechnology market is driven by several factors, including advancements in genomics and molecular biology, increasing demand for natural products, and the expanding scope of marine-derived compounds in various industries. Technological progress in DNA sequencing and bioinformatics has significantly enhanced our ability to explore and exploit marine biodiversity, leading to the discovery of novel bioactive molecules and pathways. The rising consumer preference for natural and sustainable products in pharmaceuticals and cosmetics fuels the demand for marine-sourced ingredients. Additionally, the urgent need for sustainable solutions in energy and environmental management propels the development and adoption of marine biotechnology innovations. Government initiatives and funding aimed at promoting marine research and biotechnological applications further support market growth. The confluence of these factors ensures that marine biotechnology will continue to expand, driving both scientific discovery and commercial development in the years to come.

SCOPE OF STUDY:

The report analyzes the Marine Biotechnology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Biomaterials, Bioactive Substances, Other Products); Technology (Isolation & Cultivation of Microorganisms, Culture-Independent Techniques); Source (Marine Algae, Marine Fungi, Corals & Sponges, Marine Viruses, Other Sources); End-Use (Pharmaceuticals, Food, Cosmetics, Chemicals, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Rest of World.

Select Competitors (Total 224 Featured) -

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

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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