World Marine Biotechnology Market to Post 5.48% CAGR to 2026, Says Inkwood Research in Discounted Report Available at MarketPublishers.com21 Dec 2017 • by Natalie Aster
LONDON – Worldwide, the marine biotechnology marketplace is projected to see a robust 5.48% CAGR through to 2026, growing from a value of USD 4343 million as of 2016 to amount to 7321 million by the end of the forecast period. Widespread use of marine biotechnology is in the cosmetic industry, new emerging field of research, and the evolving healthcare sector are some of the factors driving the market’s growth. However, lack of research in oceans, and difficulties in the innovation of marine bio resources could hinder the market’s growth.
By end-user sector, healthcare takes the lead in the market due to increased demand for bioactive products produced by gorgonians, microbes, sponges, soft and stony corals seaweeds, and other sea organisms.
North America’s marine biotechnology market is projected to grab the largest share of the market. Meantime, APAC is poised to witness the fastest growth in the marine biotechnology market owing to its large exports of marine food products. China is the globe’s biggest exporter of seafood accounting for 12% of overall seafood exports worldwide. Extensive research in the marine biodiscovery field and the identification f novel molecules are some of the other factors fuelling the regional marine biotechnology market.
Aker BioMarine, BASF SE Abbott, Lonza, New England Biolabs, and Biotech Marine (Subsidiary Of Air Liquid Group), among others, are major players in the world market.
Discounted research publication “GLOBAL MARINE BIOTECHNOLOGY MARKET FORECAST 2017-2026” drawn up by Inkwood Research provides an all-round, comprehensive examination and forecast of the market from a global perspective. It provides granular market segmentation based on products and end-user sector. It also includes a geographical market analysis. The study canvasses the forces stimulating and restraining the market’s growth, pinpoints major challenges, and uncovers key opportunities. The report provides key analytics such as Porter’s five force analysis, key buying criteria, etymology of the market, regional and sector-wise investment outlook, revenue analysis, opportunity matrix, and vendor landscape. The study canvasses the competitive scene, and offers granular profiles the dominant market players. It speculates on the sector’s growth trajectory through to 2026.
More discounted and new market reports by Inkwood Research are available at its page.