Marine Biotechnology Market to Grow with a CAGR of 7.08% through 2030
Increasing
demand for marine derived product is expected to drive the growth of global
marine biotechnology in the forecast period, 2026-2030.
According
to TechSci Research report, “Marine Biotechnology Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2030F”, The Global
Marine Biotechnology Market was valued at USD 6.35 Billion in 2024 and is
expected to reach USD 9.57 Billion by 2030 with a CAGR of 7.08%. This can be
ascribed to the increasing development in healthcare industry demand for uses
of marine organisms to develop new biomaterials. Additionally, increasing
marine organisms such as algae and fungi in different industry like food,
cosmetics especially in the developed countries in the North America and Europe
is expected to create lucrative opportunities for the market growth in coming
years. Besides, increasing demand for marine derived nutritional supplements is
further expected to support the market growth. Also, rising demand from the
agricultural and pharmaceutical sectors would generate new opportunities for
the global marine biotechnology industry to expand in the forecast period.
Similarly, rising usage of marine products in the food, cosmetics, and
agricultural industries is fueling the market for marine biotechnology and
research advancements in medicine, fisheries, and aquaculture are all major
industry drivers for the growth of the market during the forecast period.
However,
government strict regulation with the costly delivery procedure slows down the
growth of the Global Marine Biotechnology Market in the forecast period.
Similarly, technical barriers related to costly discovery procedures and
limited capacity to develop the microorganisms in the laboratory may hamper the
marine biotechnology market growth during the forecast period. Also,
large-scale financial barriers due to the relatively low profile of marine
biotechnology can further restrict the growth of the global marine
biotechnology market. Similarly, the limited capacity for organism development
in the lab, significant financial challenges brought on by the relatively low
profile of marine biotechnology, which leads to underfunding, as well as legal
and regulatory challenges, particularly about access to marine resources may
hamper the growth of the market during the forecasted years.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Marine Biotechnology Market".
The
Global Marine Biotechnology Market is segmented into type, technology, application, end user
industry, regional distribution, and company.
Based on Technology, the culture-independent techniques
segment is experiencing rapid expansion, driven by the need to explore the
largely uncharted microbial diversity of marine environments and to bypass the
limitations of traditional cultivation methods. Strong backing from government
agencies, integration with advanced genomics and AI tools, and the broad
spectrum of industrial applications are propelling this technology to the
forefront of marine biotechnology innovation. Moreover, several national and
international programs are supporting the advancement of culture-independent
marine biotechnology. For instance, the U.S. Department of Energy’s Joint
Genome Institute (JGI) actively funds metagenomics research to explore
microbial diversity in oceans. Similarly, the European Union’s Horizon Europe
programme supports marine microbiome projects through large-scale funding and
infrastructure investments. In India, the Department of Biotechnology (DBT)
under the Ministry of Science and Technology has funded projects on marine
metagenomics and microbiome research as part of its thrust on blue economy
initiatives. The focus is on bioprospecting deep-sea habitats and enhancing
marine resource utilization through non-culture-based methods.
Based on the Region, Asia-Pacific is emerging as the
fastest-growing region in the global marine biotechnology market. This rapid
growth is fueled by expanding government support, a rich reservoir of marine
biodiversity, increasing demand for sustainable marine-derived products, and
growing investments in marine research and industrial biotechnology. Several
countries across the Asia-Pacific region—including China, Japan, South Korea,
India, and Australia—are actively developing their blue economy strategies.
These strategies prioritize the sustainable use of ocean resources for economic
growth, improved livelihoods, and marine ecosystem health, with marine
biotechnology playing a central role. For instance, China’s 14th Five-Year Plan
(2021–2025) includes marine biotechnology as a key focus area under its broader
push for innovation-driven development and ecological sustainability. China has
made significant investments in marine bioengineering, deep-sea exploration,
and marine pharmaceuticals. The government supports national research programs
through institutions like the Chinese Academy of Sciences and marine research
hubs such as the Qingdao Marine Science and Technology National Laboratory.
Major
companies operating in global marine biotechnology market are:
- Lonza
Group
- Sea
Run Holdings Inc
- PharmaMar
S.A.
- Cyanotech
Corporation
- New
England Biolabs Inc.
- Qingdao
Codo International Ltd
- Nutrex
Hawai Inc.
- Royal
DSM N.V.
- Prolume
Ltd.
- CP
Kelco US Inc.
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“The North
America was expected to dominate in The Global Marine Biotechnology Market on
account due to the increasing demand for natural goods and rapid growth in the
healthcare industry. Also, increasing demand for animal and human nutrition is
propelling the growth of the market. Furthermore, the increasing demand for
using marine products in agriculture, the cosmetic industry, and the food
industry is further contributing to the demand for the marine biotechnology
market. Besides, increasing technological advancements in the marine
biotechnology industry and the increasing need for the creation of biofuels in
the region is further expected to create lucrative opportunities for market
growth” said Mr. Karan Chechi, Research Director of TechSci Research, a
research based global management consulting firm.
“Marine Biotechnology Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Type (Bioactive Substance, Biomaterials), By Technology (Isolation and Cultivation of Microorganisms, Culture-Independent Techniques), By Application (Aquaculture and Food Products, Environment & Human Health, Drug Discovery, and Others), By End User Industry (Biotechnology & Pharmaceuticals, Chemicals, Cosmetic, and Others), By Region and Competition, 2020-2030F”, has
evaluated the future growth potential of global marine biotechnology market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global marine biotechnology market.
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