{"id":58925,"date":"2024-02-22T13:03:20","date_gmt":"2024-02-22T12:03:20","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/global-marine-biotechnology-strategic-research-report-2024-industry-witnesses-a-rise-in-sea-farming-operations-ai-emerging-to-be-a-critical-tool-forecasts-to-2030-researchandmarkets-com\/"},"modified":"2024-02-22T13:03:20","modified_gmt":"2024-02-22T12:03:20","slug":"global-marine-biotechnology-strategic-research-report-2024-industry-witnesses-a-rise-in-sea-farming-operations-ai-emerging-to-be-a-critical-tool-forecasts-to-2030-researchandmarkets-com","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/global-marine-biotechnology-strategic-research-report-2024-industry-witnesses-a-rise-in-sea-farming-operations-ai-emerging-to-be-a-critical-tool-forecasts-to-2030-researchandmarkets-com\/","title":{"rendered":"Global Marine Biotechnology Strategic Research Report 2024: Industry Witnesses a Rise in Sea Farming Operations, AI Emerging to be a Critical Tool – Forecasts to 2030 – ResearchAndMarkets.com"},"content":{"rendered":"
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DUBLIN–(BUSINESS WIRE)–The “Marine Biotechnology – Global Strategic Business Report”<\/a> has been added to ResearchAndMarkets.com’s<\/strong> offering.<\/p>\n

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\nGlobal Marine Biotechnology Market to Reach $13.1 Billion by 2030<\/strong><\/p>\n

\nThe global market for Marine Biotechnology estimated at US$6.7 Billion in the year 2022, is projected to reach a revised size of US$13.1 Billion by 2030, growing at a CAGR of 8.7% over the analysis period 2022-2030. Biomaterials, one of the segments analyzed in the report, is projected to record a 9.4% CAGR and reach US$6.6 Billion by the end of the analysis period. Growth in the Bioactive Substances segment is estimated at 8.5% CAGR for the next 8-year period.<\/p>\n

\nThe report delves into the advancements in marine biotechnology, particularly in the development of wellness products. Against the backdrop of a shifting global economic landscape, characterized by efforts to manage the ongoing COVID-19 pandemic and geopolitical tensions such as the Russia-Ukraine war, the report provides insights into the marine biotechnology market.<\/p>\n

\nIt examines the impact of COVID-19 on the marine biotechnology sector and analyzes the competitive landscape, detailing the market presence of 230 players worldwide in 2023. Despite challenges, the global marine biotechnology market is projected to experience healthy growth, with developed regions currently dominating but developing countries poised for rapid expansion.<\/p>\n

\nThe report explores various applications of marine biotechnology, including the production of biomaterials, bioactive substances, marine enzymes for pharmaceutical applications, lipid and biofuel production, and bioremediation. It also highlights recent market activities and profiles select global brands in the marine biotechnology industry.<\/p>\n

\nThe U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 11.9% CAGR<\/strong><\/p>\n

\nThe Marine Biotechnology market in the U.S. is estimated at US$2 Billion in the year 2022. 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 11.9% over the analysis period 2022 to 2030.<\/p>\n

\nAmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.9% and 8.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8% CAGR.<\/p>\n

\nKey Attributes:<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Report Attribute<\/strong><\/td>\nDetails<\/strong><\/td>\n<\/tr>\n
No. of Pages<\/td>\n786<\/td>\n<\/tr>\n
Forecast Period<\/td>\n2022 – 2030<\/td>\n<\/tr>\n
Estimated Market Value (USD) in 2022<\/td>\n$6.7 Billion<\/td>\n<\/tr>\n
Forecasted Market Value (USD) by 2030<\/td>\n$13.1 Billion<\/td>\n<\/tr>\n
Compound Annual Growth Rate<\/td>\n8.7%<\/td>\n<\/tr>\n
Regions Covered<\/td>\nGlobal<\/td>\n<\/tr>\n<\/table>\n

\nMARKET TRENDS & DRIVERS<\/strong><\/p>\n