LONDON--(BUSINESS WIRE)--The marine biotechnology market is expected to grow by USD 2.5 billion, progressing at a CAGR of over 8% during the forecast period.
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The increase in demand for biofuel is one of the major factors propelling market growth. However, factors such as legal and ethical issues associated with marine biotechnology will hamper the market growth.
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Marine Biotechnology Market: Geographic Landscape
APAC had the largest market share in the marine biotechnology market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing application of seaweeds will significantly influence marine biotechnology market growth in this region. 31% of the market’s growth will originate from APAC during the forecast period.
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Companies Covered:
- Aker BioMarine AS
- BASF SE
- CP Kelco
- Cyanotech Corp.
- KD Pharma Group
- L'Air Liquide SA
- Lonza Group Ltd.
- Marinomed Biotech AG
- PharmaMar SA
- Sea Run Holdings Inc.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application placement
- Healthcare products - Market size and forecast 2019-2024
- Energy and environment management products - Market size and forecast 2019-2024
- Food and cosmetics products - Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aker BioMarine AS
- BASF SE
- CP Kelco
- Cyanotech Corp.
- KD Pharma Group
- L'Air Liquide SA
- Lonza Group Ltd.
- Marinomed Biotech AG
- PharmaMar SA
- Sea Run Holdings Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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