MARINE BIOTECHNOLOGY MARKET ANALYSIS

Marine Biotechnology MarketSize and Trends

Global Marine Biotechnology Market is expected to reach US$ 10.8 Bn by 2030, from US$ 6.4 Bn in 2023, exhibiting a CAGR of 7.8% during the forecast period.

 Figure 1. Global Marine Biotechnology Market Share (%), By Region, 2023

Global Marine Biotechnology Market- Trends

• Adoption of marine biotechnology in food processing: Marine biotechnology is making significant impact in the food processing industry, with marine-derived compounds, enzymes and microorganisms finding diverse applications ranging from food processing to preservation
• Marine conservation biotechnology: Growing awareness about the impacts of climate change, pollution and overfishing on marine ecosystems is boosting efforts to develop conservation biotechnologies. Application of genetics, genomics, captive breeding and bioremediation are gaining interest for marine conservation.
• Integration of marine biotechnology with nanotechnology: The interface between marine biotechnology and nanotechnology is an emerging trend with far-reaching impacts. Marine bioactive compounds coupled with smart nanocarriers offer new possibilities in drug delivery and nutraceuticals.