MARINE BIOTECHNOLOGY MARKET ANALYSIS

Marine Biotechnology Market, By Product Type (Functional Food, Feed Additives, Nutraceuticals, Cosmetics & Personal Care, and Pharma & Biotech), By Application (Food & Beverages, Animal & Aquaculture Feed, Cosmetics & Personal Care, Pharmaceuticals, and Nutraceuticals & Dietary Supplements) , By Source (Microalgae, Macroalgae, Cyanobacteria, Diatoms, and Sponges), By End User (Pharmaceutical Companies, Biotechnological Companies, Cosmetic Companies, Nutraceutical Companies, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global Marine Biotechnology Market- Recent Developments

On May 29, 2023, Blue Bio Value, a biotech organizations, introduced the Blue Bio Value Acceleration Programme 2023. This programme aims to fast-track startups operating within the value chain of marine bioresources, specifically in the blue biotechnology sector, that offer sustainable services or products contributing to a healthier use of ocean resources.
On February 20, 2023, Ittinsect, a Italy-based biotech startup company, announced its first investment round of US$ 792.3 in which CDP Venture Capital, through the Accelerators Fund, Katapult Ocean, Indico Capital Partners, LVenture Group and two angel investors participated to develop a sustainable alternative to aquaculture feed
In December 2022, TransGen Biotech Co., Ltd., a biotechnology company, announced the launch of Uracil-DNA Glycosylase, a recombinant protein derived from psychrophile marine bacteria that have been modified to be expressed in Escherichia coli

Acquisition and Collaboration

On July 10, 2023, Olmix Group, a global specialist of natural solutions for agriculture, announced the acquisition of Yes Sinergy, a Brazil-based biotech company that specializes in natural additives for animal nutrition and welfare
In November 2021, BRAIN Biotech AG, a biotech company, and the Scottish Association for Marine Science (SAMS) announced a research collaboration to make marine compounds more sustainable and cost effective, for Marine Science (SAMS)